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Cargando... The Secret Language of Financial Reports: The Back Stories That Can Enhance Your Investment Decisionspor Mark Haskins
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Wise investors uncover a company's real story. The Secret Language of Financial Reports helps you read a company's annual report like a good book so you can make informed investment decisions. From reading the fine print to interpreting what isn't accounted for, this authoritative guide provides a road map for seeing past the complexity and jargon in company reports in order to understand what is and is not communicated there. Through numerous diagrams, insightful analogies, and real-world based examples, it deconstructs and explains the critical aspects of an annual report by revealing 14 underlying "secrets." In The Secret Language of Financial Reports, Mark E. Haskins demystifies the process of creating annual reports in order for you to fully understand the main purposes, fundamental premises, basic content, embedded compromises, and inherent shortcomings of these documents. He offers detailed coverage of: Balance sheets, income statements, and statements of cash flow The auditor's report, financial statement notes, and management's discussion and analysis Strategies for applying the information you decipher No se han encontrado descripciones de biblioteca. |
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Google Books — Cargando... GénerosSistema Decimal Melvil (DDC)332.632042Social sciences Economics Finance Investing Personal Investing Types Of Investments And Other Topics Special Topics Evaluation TechniquesClasificación de la Biblioteca del CongresoValoraciónPromedio:
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The Secret Language of Financial Reports is really a "Business 101" course for non-business majors. It covers very (very!) basic concepts like assets and liabilities, and how these are included in the annual reports of companies. For a book that has as its very foundation lots of math, there is almost no math included in this book! Author Mark Haskins instead takes a more theoretical approach to explain where and how things might change without throwing numbers around.
And in some ways, this does seem to be a "liberal arts" type of book. Many of the examples are fictitious entities, but there are a few snippets of real annual reports. Unfortunately, that's all that is included -- snippets. There's no "sample" annual report at the end of the book to see how the pieces fit into the whole. The book is also repetitive at times: sometimes the same sentence is written in the text, in a pull-out box on the same page, and then in a review section of the chapter. Repetition does help with learning, but there were several spots where I kept thinking, "Didn't I already read that?"
Overall, Secrets is a good book for a person who is brand-new to financial information. The examples are well-written and easy to understand. Haskins also, after presenting a fair assessment of both sides to several "debates" in the financial world, openly shares his thoughts, asking why companies must hire their own auditors (thus opening the door for a conflict of interest) and why estimates can't (or won't) be made for contingencies in a financial report (his example was a tobacco company refusing to speculate on potential losses for losing ongoing lawsuits). Unfortunately, there's not enough "hard data" in the book to make you want to keep the book on your shelf and refer to it from time to time after you've read it the first time.
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LT Haiku:
Financial reports:
The secret is that the math
Can change what you see. ( )