What is an easy to understand book that teaches a beginner how to read a balance sheet? Something like a Balance Sheet for Dummies?
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4 Answers
By a remarkable coincidence, there actually is a title "Balance Sheets for Dummies". I've not read this particular title, but the series has yet to disappoint. If you'd like a start, the 6 page A Beginner's Guide to the Balance Sheet is a decent article.
answered May 24, 2011 at 1:16
JTP - Apologise to Monica♦JTP - Apologise to Monica
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Google Books does not even have the title "Balance Sheets for Dummies".......... google.com/search?q=Balance+Sheets+for+Dummies&tbm=bks– PacerierCommented May 11, 2013 at 11:34
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Perhaps it's out of print. This question is two years old. Commented May 12, 2013 at 1:22
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Google Books archive even books that are out of print. I doubt the book "Balance Sheets for Dummies" even exist.... Do you mean "accounting for dummies"?– PacerierCommented May 13, 2013 at 7:09
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Accounting for Dummies should cover the topic. Commented May 14, 2013 at 15:19
I found this yesterday which is really beginner friendly in the way it breaks each part down into layman terms. Really helped me a lot.
A Simple Guide to Understanding Your Company's Financial Statements by Illinois Small Business Development Center
Screenshot from inside:
(if link ever goes dead ping me and I can share through PDFy or Google Drive)
I think Investopedia.com is one of the best resources for beginners.
Heres a good tutorial on balance sheets.
Nothing beats Security Analysis by Benjamin Graham. Especially the 1941 Edition, is the best.
Its very tough to read it, but if you do it will be incredibly transforming.
