Financial Statements.xls - A Step-by-Step guide to Creating Financial Statements Using Microsoft Excel, 2nd Edition

I recently received a review copy of Joseph Rubin's book Financial Statements.xls - A Step-By-Step Guide To Creating Financial Statements Using Microsoft Excel. While it's has good material, it's probably best for a specific niche audience...

Chapter List: Introducing Financial Statements.xls Worksheets; Adjusting the Trial Balance; Updating the Trial Balances Data Worksheet; Balance Sheet; Income Statement; Cash Flow; Notes; Customizing the Financial Statements.xls Workbook and Presenting Information; Protecting Financial Data; Printing and Mailing Financial Statement Reports; Balance Sheet Five-Year Comparison Reports; Income Statement Five-Year and Quarterly Comparison Reports; Analyzing Financial Statements Using PivotTable and PivotChart Reports; Analyzing Financial Statements and Calculating the Ratio Analysis; Analyzing Profit Centers; Index

I've read other books by Mr. Rubin on Excel, and his style is pretty spartan. It's a "do this, do this, and do this" without a lot of background or explanation as to what's going on behind the scenes. This book is probably even more so in that style. There's a CD that contains much of the material presented in the book, so you have a starting point. He then takes you through the steps necessary to modify and add to the spreadsheets to produce your own financial statements. You won't get a lot of handholding, so if you don't understand something, you may have to keep banging your head against the wall to figure it out.

As I mentioned in the opening, this book doesn't appear to be for everyone. After going through the material, I'd feel comfortable giving it to an intermediate to advanced Excel power user who understands accounting. S/he'll have to be comfortable with financial terms and concepts, as well as entering VBA macro code for some of the features. Your typical computer geek might understand the Excel stuff but would be totally lost on the accounting. An accountant who is not comfortable with Excel will be lost and frustrated in short order. If you're the right mix of skills and this is a subject that is near and dear to your heart however, you may have found a book that will be of value to you...