Understanding Financial Information

Understanding Financial Information is designed to be a companion to or to replace all Intermediate Accounting I textbooks. Each chapter is a summary of the key things one must know to understand financial information as well as how accountants prepare financial statements. This book makes it easy to understand the four financial statements, absorb key concepts, and learn to perform basic procedures.

Accounting is the language of business. Therefore, to understand financial information one must first learn to speak the language accountants use to provide information. After using this book, you will fully understand the language of business and how accountants speak that language to tell the story of a business.

Questions and problems with fully explained answers related to each chapter are provided free on www.accountingtestprep.com

Dr. Janice Cobb has been teaching financial accounting at Texas Christian University for approximately 30 years.