Section A. Financial Statements: Structure & Vocabulary
About This Section
This book is written for people who need to use financial statements in their work but have no formal training in accounting and financial reporting. Don’t feel bad if you fall into this category. My guess is that 95 percent of all non-financial managers are financially illiterate when it comes to understanding the company’s books. Let’s proceed toward some enlightenment.
This section is about financial statement structure and about the specialized vocabulary of financial reporting. We will learn both together. It’s easier that way. Much of what passes as complexity in ...
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