This audio book focuses on the core knowledge you need to understand financial statements. If you have a basic knowledge of accounting, this audio book will demonstrate ways to make your financial statements more helpful and transparent for use by companies, investors, suppliers, and other stakeholders. The author points out that many businesses today have far less financial complexity than they used to have due to not having factories, fewer if any physical assets, but now have a new burden to account for intellectual property, brands, good will, and other intangibles. The author recommends that companies consolidate categories when possible so the financial statements are more useful to make business decisions. The author suggests ways to most effectively portray and use the financial statements with outside parties.This audio book includes 11 sections: 1.Introduction; 2.Balance Sheet; 3.Income Statement; 4.Cash Flow; 5.Balance Sheet: The Elements; 6. Income Statement: The Elements; 7.Cash Flow: The Elements; 8.How to Use them; 9.Investor Perspective: Open Space vs. Anchors; 10.Credit: Trip Points; 11.Summary.