Joseph T.Straub – The Agile Manager’s Guide to Understanding Financial Statements

This is one of the best books in the series. Everything you need to know about accounting statements is presented in easy to understand fashion. Some of the more basic jargon of business, investment and finance can be understood after reading this book.

The tradition with every great business book is that the text ends with Chapter 7. Each chapter presents a different aspect of financial statements, beginning with the income statement, the balance sheet, and the statement of cash flows, and integrates the three to demonstrate how they can be used for financial analysis, inventory tracking and allocating for depreciation. Each chapter starts by explaining the topic fully, and offers several examples of its use in actual business practice. Although the book is a slim volume, it packs a lot of information, being brief, to the point and insightful all at the same time. It will not take up too much space on one’s shelf of must-have and must- keep books because of its small size.

I recommend this book to anyone who needs to understand financial statements. Some of the titles in the Agile Manager Series may be helpful to interested readers.