by Bonita K. Kramer. Simplifying complex financial information is challenging. In this self-teaching guide, Kramer (accounting, Montana State Univ., Bozeman) presents four basic financial statements in an easy-to-comprehend manner. Using the classic classroom model, without long confusing rhetoric (for the most part), her book's content is easy to follow and grasp. The use of tables to present examples and statements is timely and conveys what traditional textbooks try to explain in several pages. Although this work is straightforward, two issues need to be addressed in future editions: chapter 4 is too long, and the image along the left margin of the first page in each chapter is distracting. The multiple-choice quiz after each chapter highlights the important issues. This work is an excellent guide for students as well as businesspeople who want a basic, practical guide to understanding and interpreting financial statements. See also, R. D. Norton's How to Read a Financial Statement --Choice
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