Part I

Getting Down to Financial Reporting Basics

In this part . . .

If you’re a complete novice to the world of financial reports, this part gives you the background you need to understand this complex world, which has a language and rules of its own. In this part, we discuss the key types of financial reports, both internal and external, as well as what you should expect to find in those reports. We also explore different types of business structures and talk about the differences between a public and a private company. Finally, we review the accounting basics you need to understand in order to read financial reports.