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Financial Statements

The Ultimate Guide to Financial Statements Analysis for Business Owners and Investors
Narrated by: Michael Reaves
Length: 3 hrs and 49 mins

Non-member price: $20.83

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Publisher's Summary

Say goodbye to scratching your head in confusion.

This audiobook on financial statements for business owners and investors could be the answer you're looking for....

If you have your own business, understanding financial statements better will help you get more profit out of your business, and this will also help you recognize warning signs in the accounts. Knowing your way around financial statements will help you spot trends in working capital that might mean you need to raise fresh finance, for example. You'll also be able to use financial statements of other companies in your sector to set your business benchmarks that can help improve your performance.

This audiobook starts with a little introduction to accounting basics - the principles behind financial statements - and to the auditing process, just to set the scene. Then we go through the three main statements - profit and loss, balance sheet, and cash flow - and explain how they work and what the different items in them mean. After that, we get into the real meat of the book, looking at sample accounts and discussing how to calculate ratios that will tell you a lot about the health of the business. Also, where to look in the notes to the accounts to find out "where the bodies are buried"!  

Here are just some of the topics that are discussed in this audiobook:  

  • Accounts and audit
  • The profit and loss account
  • The balance sheet
  • Sources and uses of funds
  • Notes to the accounts
  • Running the ratios
  • Putting it into practice
  • Depreciation and amortization – a closer look
  • A few tips for the business owner or manager
  • And much more

Listen to this audiobook now to learn more about financial statements!

©2018 Greg Shields (P)2018 Greg Shields

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Profile Image for Gail Bishop
  • Gail Bishop
  • 14-10-2018

Awesome book to learn from scratch.

Awesome book to learn from scratch. Explains things in plain English. And of course, for a fraction of other textbooks or classes. A best 3-4 day crash course in basic accounting and financial statement analysis.

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  • Alexander B. Talbot
  • 14-10-2018

Wanna learn Financial Statements? Try this audible

Excellent writing style, very easy to understand plus free of fluff. Other two books that helped me greatly and I highly recommend.

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  • Pamela
  • 14-10-2018

The best book on Financial Statement.

This book is a gem. I had absolutely no background in finance. With some help from a formal class plus two other books I am doing fine now just within a short span of two months.

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  • Aviles Nettie
  • 14-10-2018

A clear format that are easy to follow

The explanations of the accounting terms are clear. Also the financial statements are presented in a clear format that are easy to follow. However they are some math errors that should have been caught when the the book went to the editors.

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  • Debrah Sandra
  • 14-10-2018

Solid understanding of financial statements

Although I have been an entrepreneur for nearly 40 years and took finance and accounting in college, I learned concepts from this book that had never been obvious to me before. Several times I had the "slap the forehead - but of course" reaction. Great book. Thanks.

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  • Michael C. Walker
  • 13-10-2018

Greg Shields Nails It

This book is a great book that is helpful for financial illiterates as well as seasoned vets. I love the way the author walks thru accounting basics by using a fictitious company. Great read!

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  • John M. Depasquale
  • 13-10-2018

A quick and relatively fun read.

The three financial statements that are fundamental to any understanding of business and investing--the Balance Sheet, Income Statement and Cash Flow Statement--are thoroughly explained and explored in clear and simple terms with a deft touch of whimsy in this book. Financial terms many take for granted are effectively defined.

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  • Jason T. Chen
  • 13-10-2018

This book is special.

I have never read / listen to a book that so beautifully explains financial statement analysis. Truly one of those special books that you will keep forever. Fantastic, a must read for anyone interested in corporate finance.

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  • Hanna Macleod
  • 13-10-2018

An easy book to understand.

The book can be plowed through in a day or two or a long day at the airport, although bring an extra book or magazine as this is a direct, quick and relatively fun read.

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  • Shirley Perine
  • 13-10-2018

Remarkable addition.

This is an excellent book, but the Kindle edition falls short. Everything you always wanted to know about a financial reports, balance sheets, income statements, cash flow statements etc and how they all are interlinked. Brief and direct on descriptions and always followed by an example. Typically after a brief description of a finacial transaction, changes on balance sheets, cash flow or income statements are broken down into numbered steps that are directly highlighted in the effected statement.

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  • Bruno Timothy
  • 14-10-2018

Fantastic reference. Very detailed.

I have no financial training whatsoever. However, this book makes the process dummy proof and transparent. I am a doctor operating my own practice and the concepts and skills discussed in this book will help me gain and implement a foundation of financial literacy and applied financial savvy. It could not have been more useful or packed with better content.

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  • Ahamd Ali
  • 14-10-2018

Brilliant book about Financial Statements

This book tied together almost all of the pertinent concepts from the textbook into a very concise reference using simulated transactional examples. Although this book could be read and understood by someone with little or no experience with accounting concepts, I think it is much more appropriate for someone with at least fundamental conceptual understanding.

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  • Joe Cranston
  • 14-10-2018

Best book on the Financial Statement Analysis

This timeless reference is a good possession for accountant and non-finance alike. I am reading it like, two pages a day, as I am planning for personal investment and want to avoid risky investment. It is great to know the fundamental analysis for person like me. This book is a great manual to learn about the topic. Highly recommend.

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  • Mary Amelia
  • 14-10-2018

Good book on Financial Statement

Excellent read. Great for college students or those interested in book keeping. There is much to learn but need more explanation.

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  • Mark Ashton
  • 14-10-2018

Solid points to follow but....

Pretty in depth and good explanation on the various topics about the Financial Statements. You need to go more deep.

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  • Cotham Mark
  • 14-10-2018

It covers everything you need to know.

It covers everything you need to know broken down in simple steps, in a very simple manner. Highly recommend to anyone, I cannot say that enough. I have high regard to anyone who can break down and explain a pretty difficult concept and explain it in simple terms. Kudos to Greg Shields for his ability to do so.

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  • Fredrik Eklund
  • 14-10-2018

Finally able to understand my financial statements

Looking for a quick recap. Great book. 3 hrs and 49 mins and to the point. Highly recommended. Buy the real book. Will be easy to read.