How to Read Financial Statements Like a Pro (Part 1)
A Crash Course in Balance Sheets, Income Statements, and Statements of Cash Flows Recently, it occurred to me that many readers may not be familiar with the basic financial statements. As a practicing accountant and someone who’s been fortunate enough to receive an education from the country’s top-tier business schools, I am admittedly a little too familiar with them. Although I won’t bore you with the details of actually preparing these statements, it’s imperative for any investor to understand how to read financial statements on a basic level prior to committing his or her funds to a stock purchase. I’ll break my analysis into a 3-part miniseries. Part 1 will…