Reddit Reddit reviews Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

We found 13 Reddit comments about Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports. Here are the top ones, ranked by their Reddit score.

Business & Money
Books
Finance
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
Career Press
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13 Reddit comments about Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports:

u/Beren- · 8 pointsr/SecurityAnalysis
u/Finance_Nerd34 · 6 pointsr/stocks

For a starting point, I’d recommend checking out
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports https://www.amazon.com/dp/1601630239/ref=cm_sw_r_cp_api_i_xdinDbWG0QVGH

u/stockbroker · 5 pointsr/investing
u/BoatshoesJax · 4 pointsr/thewallstreet

Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports https://www.amazon.com/dp/1601630239/ref=cm_sw_r_cp_api_i_94pVDbHDTYDAW

u/MarsColonist · 4 pointsr/mead

Depends on how big you want it to be.... If you dont know jack squat about accounting principals or financial statements, this book is a good start. it has a manufacturing walkthrough (something in a jar.. dont exactly recall). Financial statements are the hard part of a business plan IMO.

Figure out how much you plan to make, what the capital costs are for that, then size your building. Start collecting $$$ numbers. Find a business advisor (there is a free one around me through one of the universities... paid for by tax dollars). Find competent partners that you feel comfortable with that have a diverse and equal skill set (and that you can see yourself working with). SAVE YOUR MONEY; investors will want to see that you have some financial risk involved ("skin in the game").

Start WRITING THINGS DOWN. You can think about them and contemplate all day long, and drag it out for years. Once you write things down, you have a stake in the ground and other decisions are dependant on those decisions. It becomes iterative, but it does refine itself. Put your butt in a chair and work on it; it isnt going to evolve itself out of thin air. It is boring, hard work (not nearly as much fun as making the product).

u/TheRealAntacular · 3 pointsr/investing

Financial Statement Analysis is considered to be pretty much the gold standard for those who don't already have a finance/accounting background. Used it when I first started investing, highly recommend it.

u/gotesseractive · 2 pointsr/smallbusiness

In my experience in working with folks that are new to the ways of finance and accounting, there is not one go-to source that works for everyone. Repeated exposure and real world examples tend to be the most effective approaches.

That said, here are some sources I share regularly with people:

Good old Khan Academy: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme

Coursera courses from Wharton- the specialization is fee-based but you can audit each individual class for free: https://www.coursera.org/specializations/wharton-business-foundations

If you prefer a book, this is a good one: http://www.amazon.com/Financial-Statements-Step---Step-Understanding/dp/1601630239/

PM me if you have additional questions.

u/vinterfrakken · 2 pointsr/investing

Well you won't become financially literate if you don't keep reading and "the Intelligent Investor" is a pretty good place to start. It's not a particularly hard read in my opinion but there are of course financial vocabulary that is not well known to non-native speakers and not explained in the book. You might want to skip the sections on various bond series and railroads and what not, that part is kind of outdated and not really relevant for non-US investors. You don't need to understand everything to get the message of the book which is very simple: stocks are companies and you should think of and value them as such and ignore the day-to-day movements of the stock market. To do that you need to understand basic accounting. I really liked "Financial Statements" by Thomas Ittelson, it's a very easy to read book with great simplified examples.

u/thadudesbro · 1 pointr/UniversityofReddit

I was hoping you'd know! I say we start with the very basics, we can model our course off of what would normally be covered in a financial accounting I class. 2 books were recommended to me.

The first is Financial Statements which gives a nice overview of the 4 financial statements including a brief description of what each line means.

The second was The Accounting Game

I personally learn better from a systematic approach like what is used in "Financial Statements" but I suspect a better approach for reddit would be something like "The Accounting Game." I anticipate that most of our students would be entrepreneurs or other users of accounting information rather than hopeful accountants. In that vein we could go through the process of starting a small business and show how the basic transactions would be recorded. Including how to set up spreadsheets as was ops original request.

What are your thoughts, would you be interested in taking the lead on something like this?

u/Izminko · 1 pointr/Accounting

I've only skimmed through couple videos but it looks decent at explaining the concept.

http://www.youtube.com/watch?v=Wu6bUFWaNZo

I've personally started with this book and I think it's a great resource to start out.

http://www.amazon.com/Financial-Statements-Step---Step-Understanding/dp/1601630239/ref=sr_1_1?ie=UTF8&qid=1332430775&sr=8-1

u/tomsedu · 1 pointr/croatia

Investiranje samo po sebi označuje odnos između prinosa i rizika. Dionice su povijesno gledano najbolja štedno-ulagačka klasa. Posljednjih 100+ godina, s "eksplozijom" kapitalizma, bogatstvo svijeta se višestruko nagomlilao, što se očituje i kroz dionice (imovina koja stvara prinos). Pogledaj samo ovo. Dakle 129 puta veći return u dionicama nego u obveznicama.

U tom kontekstu, dionički fondovi su rizičniji i volatilniji od ova tri no s njima možeš očekivati najveći prinos, mješoviti je balansiran, a obveznički "najsigurniji" iako s njim možeš očekivati najmanji prinos. I Warren Buffett "običnim" (retail) investitorima sugerira pasivno investiranje u indexne fondove koji prate npr. S&P500 pa baci oko na to. U svakom slučaju prije svega, pročitaj neke od poznatijih knjiga (Intelligent Investora izbjegavaj kao prvu knjigu); pokušaj s npr. 1 2 3. Nakon njih baci oko na Intelligent Investora i dobro čitaj komentare Jasona Zweiga unutar same knjige.

u/rae1988 · -15 pointsr/Accounting

Do all accountants have as great a personality as yourself?

I'm asking for like 3 mini paragraphs that explains what forms of accounting are used for those career paths. Not a lecture on how I have to "work harder". What's the point of having r/accounting if people from other fields can't ask simple questions?

These are the list of books that just arrived from amazon.com. I should have them read in 2-3 weeks:

http://www.amazon.com/Accounting-Dummies-John-Tracy-CPA/dp/1118482220/ref=sr_1_1?s=books&ie=UTF8&qid=1369466046&sr=1-1&keywords=Accounting+for+dummies

http://www.amazon.com/Reading-Financial-Reports-For-Dummies/dp/0470376287/ref=pd_sim_b_10

http://www.amazon.com/Accounting-Equity-Credit-Analysts-Morris/dp/0071429697/ref=sr_1_1?ie=UTF8&qid=1369465988&sr=8-1&keywords=Accounting+for+m%26a

http://www.amazon.com/Financial-Statements-Step---Step-Understanding/dp/1601630239/ref=sr_1_2?s=books&ie=UTF8&qid=1369466133&sr=1-2&keywords=reading+financial+statements

Are there any canonical texts that I'm missing? Mind you, I have a scarce amount of free time due to upcoming internship and my reading list for corporate finance/valuation. So like don't be a dick and tell me I have to read a 1500 pg encyclopedia.