208 pages [76 self-teaching + 132 self-quizzes with detailed answers]
Section 1: How to use ratios. Measure a firm’s financial health. Where to find the numbers to use for ratios.
Section 2: Can the firm pay its short-term obligations? Find out with the current and quick (“acid test”) ratios.
Section 3: Measure liquidity (ability to turn assets into cash). Measure the quality of your company’s A/R and collection efforts and foresee problems in future sales, pricing or inventory with the inventory-turnover and A/R-turnover ratios.
Section 4: Rate a firm’s efficiency. See if sales are providing sufficient return on your company’s investment in fixed assets with the sales-to-fixed-assets ratio. Evaluate your company from one period to another period using the profit-margin ratio.
Section 5: Debt management. Predict when losses will start to hurt your company’s credit rating with the total-liabilities-to-total-assets ratio. Forecast long-term solvency and when the company must stop borrowing with the times-interest-earned ratio.
Section 6: Evaluating return on investment. Uncover the true return on investment with the return-on-investment ratio. Assess return to stockholders with the return-on-stockholders’ equity ratio.
Section 7: More tools for evaluating company performance. Learn how to compare financial statement items year to year and how to evaluate key sections of the income statement and balance sheet.
Section 8: Company v. industry performance. Where to find standards of comparison and industry norms to see how your company is doing.
Section 9: Stock market ratios. Easily measure any stock’s performance the way the pros do. Master the earnings-per-share ratio . . . price-earnings ratio . . . dividend-payout ratio.
Publisher: AIPB

Dena Vaughn –
Good course. Learned a lot. Wish it had a removable/downloadable “cheat” sheet with the formulas to keep when finished. Maybe something to add to the certificate of completion that gets mailed.
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MAGDY –
A must for any accountant or fully charged bookkeeper, to safeguard company’s existence and secure its financial position
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JIE –
Help and great
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Anonymous –
Had a lot of fun with this one.
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JENNIFER –
There was quite a bit of information in here, and I felt a bit overwhelmed at first. Once I completed it, I was glad that I took the time to complete the course.
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MOHAMMAD –
The course provides knowledge beyond Income Statement and Balance Sheet. It provides a tool in finalizing the accounts by doing an analyses of income statement and balance sheet of two or more periods and bringing to fore probable future financial problems that a company may face. The course also provides knowledge why a successful company may be facing working capital problems, may be more riskier and allows one to do investment analysis etc.
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ELIZABETH –
Very comprehensive
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ACELA –
Comprehensible
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OLABANJI –
This course shows the application and usage of financial ratio in the real world of financial statement interpretation. Well detailed
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ELIZABETH –
Good course
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KATHY –
Info a little confusing
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DARSCHE –
Great. Very interesting subjects. Subjects that I never knew of when I went to college. Easy to understand.
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CLAUDE –
clear and easy to follow
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SHARI –
Books are well written and easy to follow
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OKSANA –
The book helps to see reality behind the statement.
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DAWN –
This was an excellent review for me.
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PATRICK –
I learned a great deal from this book about the Balance Sheet and Income Statement accounts in a more in depth scope. I also learned about some of the trends to look for when determining the financial condition of a company and how to calculate some of the financial ratios.
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LINH –
The material of this course is excellent.
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LAUREL –
All my courses have been very good.
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ELIZABETH –
Clear examples, good coverage, would recommend.
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TODD –
Not very helpful. Could have presented more formulas
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WENDY –
Highly recommended
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HIDEAKI –
It was very useful to learn how to analyze financial statement in detail from all the aspects.
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YU –
Excellent book
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ERIKA –
very easy to understand and learn the material
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REBECCA –
Great book and course.
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VICKI –
The course provided a good analysis of ways to look at and use financial statements for planning purposes.
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RICK –
A good review course.
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DAVID –
This is a real good refresh course for what I learned from College Accounting, Financial Accounting, Intermediate Accounting and etc. I am planning to take the Final Exam as soon as I finish reading the book. I enjoy reading the book.
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TATIANA –
Clear and concise explanations. Tons of examples.
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YING –
good resources
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MARY –
Excellent course! It was a great refresher for me as I am working on expanding my practice to include financial analysis services to my clients.
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THOMAS –
I really enjoyed this common sense and valuable training course. It has shown me the value of financially analyzing my own business and learning where improvement needs to be made.
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DIANA –
Very informative!
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RUPALI –
Excellent
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MATHIAS –
This is most helpful for profit making organizations. To expand their businesses in terms of new investments these analysis are very important.
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JUTTA –
This course was a bit more challenging to me, however, instruction helped me to get through.
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ARLENE –
Great self study book, well structured, great for beginners being exposed to financial analysis for the first time
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BEN –
Clear and concise.
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MARY –
Very good and sufficient
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DESIREE –
The material is well laid out with ample quizzes to test your understanding of the chapter just studied. The final exam really tests your understanding of the material and the questions are well written and tests your knowledge.
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MIA –
I found this course to be easily applied which, for me, is the best way to learn; thank you for being current with information that can be used immediately in the workplace.
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CHIDROOP –
Presently clearly and concisely with adequate examples.
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DEBRA –
Very informative and comprehensive
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ELLEN –
Great book, comprehensive and easy to understand!
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HERBERT –
excellent for use with my clients needing a better understanding of their progress from financial statements. Helped me brush up on my math too…
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CARROLL –
Easy to follow calculations for financial investing. It is essential to be able to evaluate streng, management, efficiency, profitability and liquidity.
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NARINE –
Very helpful and easy to read, a lot of practice tests.
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CYNTHIA –
This was extremely helpful to me. I enjoyed this course very much.
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SOPHIA –
Very interesting and to the point. I really enjoyed it
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SANDY –
I really enjoyed this course. The information was clearly presented and I was able to apply it immediately to my current job.
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JUDY –
Well written, easy to understand and retain; examples & quizzes add an extra reinforcement to knowledge base.
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SHERRY –
Excellent
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KENNEDY –
Very informative and I have gained more knowledge using this book
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PAUL –
The information I learned was very helpful.
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BETH –
Great refresher course
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TERESA –
The workbook and exercises were well written making the learning process easier.
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KAREN –
Excellent book for a depth of understanding of the financial statements.
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CHERYL –
The financial statements could be easier to read if they were a bit larger type.
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GEORGE –
The practice exercises and final examination helped my confidence and preparation for completing Mastering Financial Statement Analysis.
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DEBRA –
I liked it
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MARY –
I feel the book was well written. Even though I had to read a paragraph more than once to get a better understanding. I found the book to be knowledgeable. I am hoping AIPB gets update books to keep the CB’s up to date.
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MICHELE –
I really liked this course! I would’ve liked if it even went a little deeper with some of the explanations.
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SHENG –
I really like this course.Thank you
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ELAINE –
Topics well explained
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CARROLL –
I liked this one very much. I wanted more exercises and examples of stock and bond credit analysis. More examples of business reviews and departmental accounting, too.
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LUPE –
I enjoyed this course very much. I learned a lot and keeping the book for reference will come in very handy.
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RAJPATTY –
Financial Statement Analysis: Emphasizes effective business analysis and decision making by analysts, investors, managers, and other stakeholders of the company.  It continues to set the standard in showing students the keys to effective financial statement analysis. The book presents a balanced view of analysis, including both equity and credit analysis.
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JODI –
Helpful in understanding the different ways to analyze the financial statements and a bit in understanding how to know what changes the trends. Could have used a bit more help in knowing what makes up the lines on the sample financial statements as each company’s reports are different.
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HUONG –
Ha, not easy to understand
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ROBERT –
Very Satisfied. Very detailed with lots of examples. Quizes were very helpful.
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MIR –
It is really an excellent reference book.
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JENNIFER –
Easy to read book with good real world examples.
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HUGO –
I have not done any work but I plan to later on. I have seen the book and I think its excellent.
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RUDOLPHO –
This is an EXCELLENT Tool. Used as reference.
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DARLENE –
he information was very well organized and I love the test at the end of each chapter. The test and quiz help to prepare you for the final test. I do believe that working the information in the matter inwhich this course is laid out is the most effective manner.
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DENISE –
What I have studied is very helpful
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SONIA –
Excellent. Clear and concise. Very helpful
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TRICIA –
This was my favorite AIPB course.
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MARIA –
This is a very complete book that has practical problems in order to apply your knowledge on the go.
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KATHLEEN –
Learned a lot. This was difficult, but manageable.
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LORI –
Jumps around a lot. Hard to follow at times.
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LUELLEN –
Has been a great learning tool to help me progress in my career.
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MARION –
Helped with my current job duties.
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TINA –
I was disappointed in this book. Not quite what I was looking for.
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MYLES –
The course gave me a solid understanding of how to create a cash flow statement and value of its relavence.
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SUSAN –
A great refresher. Very intuitive.
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JUAN –
Very satified with the content
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DENISE –
Useful
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ELISE –
The book was clear and organized well.
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LINDA –
Somewhat difficult to follow
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AMY –
remember it from the certification course and use it as a reference
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PATRICK –
Need improvement
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ELIZABETH –
loved it
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KIANOUSH –
It was great.
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WILLIAM –
I believe the course for Financial Statement Analysis to be a very good one. The methodology of the author to create a mock company and use its statements throughout illustrations of various analytical tools was very effective. Insights to the potential issues behind changes in the financial performance of the companies were very well presented. This is a great course for the subject and I recommend it to my accounting colleagues.
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VICTORIA –
helpful
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JENNIFER –
Great! Helps too in explaining a clients financials to them.
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BENJAMIN –
Excellent.
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JENNY –
A little confusing in the wording at times, but overall a great learning tool.
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LARI –
Very Helpful In qualifying subcontractors
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SUSAN –
Very good and useful. Clear, concise and good examples.
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JEAN –
The book provides the knowledge of basic theory.
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KATHRYN –
It was very good
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BEATA –
Great course material.
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SHERRY –
Enjoyed very much.
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MICHAEL –
The book provided good information in describing statements
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KELLEY –
I found it to be easy to understand and follow
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ALDO –
good book
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EDDA –
This is a very useful tool and resource
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WILLIAM –
good course could go in more ratio and business management analysis
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MARJIE –
Same as #1
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SOLOMON –
It is very fantastic approach to have the basic idea inorder to do the real Accounting job.
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LINA –
Very helpful
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SAMUEL –
thorough and educative
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AHMAD –
simple and easy to read materials
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CAROL –
I liked this course. Use alot of it at my job, had me take my accounting to the next level which is good.
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SHERRIE –
Great book.
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FIRDOUS –
Good, need more details
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MYLES –
Good book for reviewing the fundamentals of financial statement anlysis.
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DAVID –
Excellent focus on the most important ratios and analysis.
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LINDA –
Could have been better edited and more info put into the book. This is a loaded subject.
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PATTY –
Book was stolen before I was able to use it. Have not replaced it yet.
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DIANE –
A good “go at your own pace” workbook. Each concept is explained in detail.
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KRIS –
Very good practical experience training.
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PATRICIA –
Same as prior comments
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W –
Read through.
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J –
More intensive ratio analysis would make this 5 stars.
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LINDA –
Great course on Financial Statements. I learned a lot, even tho I had taken Accounting Courses. Good review.
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KATHLEEN –
This course had an easy to understand format and was well written.
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RONALD –
I found it to be an excellent guide to analysis and I keep the book by my side.
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JEMIL –
Above expectation
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HERBERT –
GOOD
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JOSE –
It provides all the essentials you need to know in order to apply them and make descisions according to the company needs.
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EUGENE –
I thought the course was sufficient and met my requirements.
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SONIA –
It was very good and I use it when I teach my students about financial statement analysis.
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RHONDA –
Most of the information was not new to me – some of the terms were different than the way I learned them – I think overall it was helpful.
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SALLY –
I understood more the materials in this course. It provides the clear points and examples.
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SALLY –
I understood more the materials in this course. It provides the clear points and examples.
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TAMMY –
I deal with Financial Statements on a daily basis and this course completely helped me with what I needed to be able to do my job to the best of my ability
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MARILYN –
Excellent information
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ANN –
BOOK WAS OLD AND MOST OF FINANCIAL IS NOW DONE ON COMPUTERS
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