Financial Statements: A Step-by-Step Guide

5 out of 5 based on 2 customer ratings
(2 customer reviews)


Now the best-selling book of its kind has gotten even better. This revised and expanded second edition of Ittelson’s master work will give you that firm grasp of “the numbers” necessary for business success. With more than 100,000 copies in print, Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books fail either because they are written “by accountants for accountants” or the authors dumb down the concepts until they are virtually useless. Financial Statements deftly shows that all this accounting and financial-reporting stuff is not rocket science and that you can understand it! Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement and cash flow statement work together to offer a snapshot of any company’s financial health.


Additional Information


Paperback: 285 pages
Publisher: Career Pr Inc; Rev Exp edition (August 15, 2009)
Language: English
ISBN-10: 1601630239
ISBN-13: 978-1601630230
Product Dimensions: 0.8 x 7 x 10 inches


Thomas R. Ittleson is a scientist, businessman, author, and teacher with many years of hands-on experience in business development and marketing for technical companies. As a consultant to entrepreneurs, Ittelson has written business plans and prepared financial projections that have helped raise more than $500 million in start-up equity capital.

2 reviews for Financial Statements: A Step-by-Step Guide

  1. 5 out of 5


    This book – a must on every manager’s shelf – adds value by providing clear and concise definitions and relates them visually. The chapter on connections ties a lot of information together with such ease. Above all the step by step examples go a long long way into clarifying any remaining confusion you’d have. It is very easy to read. You’d probably finish it over a weekend. So it is tremendous bang for buck.

  2. 5 out of 5


    Wow, what a great book! I am a technical professional enrolled in a graduate business degree program, and until now the plethora of financial and accounting terminology and rules has been bewildering for me. That is no longer true after buying this book. I have primarily used it as a reference book, and without fail any explanation I have needed has been easy to find, clear and concise.
    I am no longer in the financially confused majority, largely thanks to this book

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