This book discusses, step by step, the preparation and interpretation of financial statements of an enterprise. The ability to competently “read” reporting gives managers and entrepreneurs the opportunity to analyze the current activities of the company and make the right management decisions. The book is written in simple, understandable language and is aimed primarily at people who are not professional accountants. All concepts are explained using examples from real reporting of large Russian companies. Using rich practical experience, the author reveals all the nuances of financial reporting, including specific “Western” issues of reporting under IFRS. The book is addressed to managers (not only financial ones) and entrepreneurs, as well as students of business schools of financial universities. 3rd edition .