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Description
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This book takes a fresh look at the basics of financial analysis. Many books make the mistake of becoming overly complex. Accounting is essential to fundamental analysis, but most non-accountant investors want simplified, straightforward answers to their primary question: How do I identify viable investments based on financial information?
The approach taken in this book includes the traditional financial tests; however, it also goes beyond those tests to provide realistic assessment of financial information itself. These discussions include an explanation of flaws in the accounting industry and the audited statement; sources for online financial information; confirmation tests everyone can use; and an explanation of important matters such as fraud and the need to make core earnings adjustments.
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