Financial Statements

Learning from Them and Making Them Work for You

By: Deaver Brown

Narrated by: Deaver Brown

This audiobook focuses on the core knowledge you need to understand financial statements If you have a basic knowledge of accounting, this audiobook will demonstrate ways to make your financial statements more helpful and transparent for use by companies, investors, suppliers, and other stakeholders. The author points out that many businesses today have far less financial complexity than they used to have due to not having factories, fewer if any physical assets, but now have a new burden to account for intellectual property, brands, good will, and other intangibles. The author recommends that companies consolidate categories when possible so the financial statements are more useful to make business decisions. The author suggests ways to most effectively portray and use the financial statements with outside parties.

This audiobook includes 11 sections:

1. Introduction
2. Balance Sheet
3. Income Statement
4. Cash Flow
5. Balance Sheet: The Elements
6. Income Statement: The Elements
7. Cash Flow: The Elements
8. How to Use Them
9. Investor Perspective: Open Space vs. Anchors
10. Credit: Trip Points
11. Summary

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Quick and efficient overview of financials

From the perspective of an investor. This is a great overview that any CEO would want to have when considering how they want their reports to be received.

To short and focused on authors own needs

This program is to short and the value of the information is limited. The author offers a short crash course on how to read financial statements but the conclusions and advice is to focused on the authors own needs and prejudices. One troublesome conclusion is that companies with large R&D expences has lost the edge and has obsolete products.