Hidden somewhere among all the numbers in a financial report is vitally important information about where a company has been and where it is going. The fifth edition of this book is designed to help anyone who works with financial reports, but has neither the time nor the need for an in-depth knowledge of accounting in order to cut through the maze of accounting information to find out what those numbers really mean. It illustrates visually the links among the three key statements in a financial report (the balance sheet, the income statement and the cast flow statement), and features information on the making and changing of financial reporting rules and updates on legislation.

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