No. of Recommendations: 1
By the way, for anybody who wants to get some basic knowledge of how to read the financial statements, there's a really easy book called Warren Buffet and the Interpretation of Financial Statements that provides a very gentle introduction to the different kinds of statements you'll see (Income Statement, Balance Sheet, Cash Flow Statement) and what the various items on it actually mean in plain english.

I actually took "Basic Accounting 1" at college level and had to study and do many (and I don't say that lightly!) (notice bold) exercises with both Income Statement and Balance Sheet (but not Cash Flow, that was reserved for Accounting 2) and I actually got an A in the class. But still, never quite pulled it altogether to bring into working process to analyze my own investments.

okapimoon
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.