Bookkeeping All-in-One For Dummies by Lita Epstein & John A. Tracy

Author:Lita Epstein & John A. Tracy [Epstein, Lita & Tracy, John A.]
Language: eng
Format: epub
ISBN: 9781119593706
Publisher: Wiley
Published: 2019-09-04T00:00:00+00:00

Procter & Gamble Co.’s comprehensive example includes everything but the kitchen sink, and it’s a real-world illustration. Figure 7-3 is a typical example of this financial statement, which suggests an important question: Can the average reader of financial reports understand what’s presented in this statement?

Reading a statement of changes in stockholders’ equity in an annual financial report can be heavy lifting. The professionals — stock analysts, money and investment managers, and so on — carefully read and dissect this statement, or at least they should. The average, nonprofessional investor faces an uphill climb in reading this statement. Ideally, you can understand the major items.

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