Reading and Understanding Annual Reports: A Guide for Investors and Businesspeople

by Edward Fields

There has never been a more critical time for businesspeople and investors to have a thorough understanding of financial statements. Reading and Understanding Annual Reports gives readers the background they need to become better informed about organizations through financial data. Rather than concentrating on mathematics, this book emphasizes the business issues involved in annual reports, providing useful explanations * Balance sheets * Income and cash flow statements * Independent auditors' reports * Investor relations letters * International accounting issues The book also provides key background on issues such as corporate governance, management discussion and analysis, and key ratios used to analyze companies. Using clear, accessible language, Reading and Understanding Annual Reports gives readers the tools they need to truly understand any organization's financial picture.

256 pages, Paperback

First published November 2, 2005

About the author

Edward Fields (Old Bridge, NJ) has taught a popular AMA course on finance and accounting fundamentals for decades and consults with many multinational corporations of strategic and financial issues.