This book incorporates all new changes in accounting and reporting standards. Preface, Acknowledgements, Financial Statements: An Overview, Map or Maze, Complexity, Impact of Inflation, The Balance Sheet, Financial Condition, Assets, Liabilities, Stockholders' Equity, Self-Test, The Income Statement and Statement of Retained Earnings, Statement of Cash Flows, Calculating Cash Flow from Operating Activities, Analyzing the Statement of Cash Flows, The Analysis of Financial Statements, Objectives of the Analysis, Sources of Information, Tools and Techniques, Analyzing the Data, Appendices, Index.