Financial Reporting: First Take is designed to present the fundamental concepts of Financial statements and their analysis to business executives.
Keep it straigh. 3.
For example, the illustration of bookkeeping in Chapter 3 is tied directly to the impact of transactions and events on the Financial statements of Pearl River.
Even in Chapters 2 and 3, which are built around a hypothetical company, Pearl River, the discussion is as practical as possible.
Chapters 5-10 are devoted exclusively to understanding and using these statements.
Focus on real world examples: The major unifying feature of the book is the study of the Financial statements of 3M Company. 2.
No attempt is made to address the broad set of technical nuances of accounting or Financial analysis.
Focus on fundamental and enduring concepts: The informational fundamentals of Financial reporting are covered with a modest number of concepts that are stable over time. 1.
The book provides a practical, effective, and efficient skill-development learning process using the following features and/or learning principles.
The objectives are the same--to provide a quick background in Financial reporting fundamentals on which readers can build.
Assist in reading and evaluating Financial statements In addition to executive education courses, the book has been used successfully in intensive "refresher" courses for masters students in specialized areas of business.
Enable readers to navigate annual reports and the Financial disclosures therein4.
Deepen the understanding of the basics of Financial recording and statement preparation3.
Further the ability to speak the language of accounting2.
The book has four specific objectives for this audience: 1.
The goal is to equip business managers with a basic understanding of Financial reports in a concise time frame.
The book has been class-tested for more than six years in executive masters programs in business (EMBA) throughout the United States and in a number of foreign countries.
Financial Reporting: First Take is designed to present the fundamental concepts of Financial statements and their analysis to business executives
