Includes index.

Introduction: The first lesson: scores are not real dollars ; The accrual method ; But scores are important -- Glossary of key financial accounting terms -- The balance sheet: The balance sheet balances ; Acme Widget Company ; Acme Widget's year-end balance sheet ; A "trial balance" ; Constructing the balance sheet -- More balance sheet: Cost versus value ; Intangible assets ; Goodwill ; Reserves and allowances ; The going concern assumption ; Estimates are everywhere ; Purpose and perspective ; Current versus noncurrent balance ; Sheet items ; Working capital ; Average collection period ; Inventory turnover -- Still more balance sheet: The worksheet for transactions ; Trial balance worksheet ; The balance sheet ; Analyzing the balance sheet ; Balance sheet summary -- The income statement: The basic income statement ; Acme Widget's first-year income statement ; More on cost of sales ; Nonoperating income and expense ; Acme Widget's second-year income statement ; Reconciliation of retained earnings ; Analyzing income statements ; Complicating cost of sales -- Return on investment (ROI): Return on equity (ROI) ; Return on invested capital (ROIC) ; Return on assets used (ROAU) ; Cash-on-cash return ; Payback method ; Discounted cash flow or present ; Value method -- Changes in financial position -- Cash flow budget -- Other analysis ratios and tools: Profit as a percentage of sales ; Breakeven ; Current ratio ; Acid test or quick ratio ; Debt-equity ratio ; Earnings per share ; Price-earnings ratio -- A summary of what you have learned: The balance sheet ; The income statement ; Statement of changes in financial position ; Cash flow budget ; Analyzing financial reports ; Conclusion -- Appendix A. Acme Widget Company -- Appendix B. Present value tables.