after reading the first part of this book, i was determined to go back and read the main part. however, at first, i was a bit confused about what exactly i should be looking at. as it turns out, this book provides a very easy to follow and thorough explanation of all of the key items on a balance sheet.
the way this book is written is very much like an academic paper, but in a very easy to read and understand format. the chapters go into a lot more detail than the online articles that this book is based off of. the author has a very analytical approach to presenting things, so that you don't have to take his word for it. he doesn't assume that you are already familiar with balance sheets, because he provides a very thorough explanation of what balance sheets are. he also goes into detail on what each of the numbers mean. i was especially impressed by the fact that he explained the workings of the balance sheet for a fairly large company. it was fascinating to see the different lines of the balance sheet and what they meant.
one of the best parts of this book is that he covers very specific things. he explains how to calculate profits and how a company builds up its cash. he shows you how assets are created and then breaks down how the same items are used to calculate depreciation, how they are written off and how they are used to determine taxes. i was fascinated to see the way that he explained how the balance sheet is made up.
i will definitely be reading this book again after i finish my accounting class. i think that this book is a must read for anyone who wants to understand how a balance sheet is made up and what it can tell you.