Review by Choice Review
Berman and Knight (Business Literacy Institute) demystify the often-arcane data in financial statements in this well-written and readable volume, which covers the theory and practice of contemporary financial statement analysis and interpretation. The book's 31 brief chapters are divided into eight parts: "The Art of Finance (and Why It Matters)," "The (Many) Peculiarities of the Income Statement," "The Balance Sheet Reveals the Most," "Cash Is King," "Ratios: Learning What the Numbers Are Really Telling You," "How to Calculate (and Really Understand) Return on Investment," "Applied Financial Intelligence: Working Capital Management," and "Creating a Financially Intelligent Department (and Organization)." Excellent real-world scenarios and simple illustrations enhance the chapters. Some knowledge of accounting, finance, and quantitative methods is a prerequisite to a thorough understanding. For the neophyte the book is an excellent introduction to the subject; for the professional it is a useful reference. See also Jae K. Shim's Accounting and Finance for the Nonfinancial Executive (CH, Jan'01, 38-2821). ^BSumming Up: Highly recommended. General readers, all levels of undergraduates, and practitioners. S. R. Kahn University of Cincinnati
Copyright American Library Association, used with permission.
Review by Choice Review
