Lita Epstein, MBAAuthor, Bookkeeping For Dummies and Bookkeeping Workbook For DummiesLearn to: Notes | EduRev

: Lita Epstein, MBAAuthor, Bookkeeping For Dummies and Bookkeeping Workbook For DummiesLearn to: Notes | EduRev

 Page 1


Lita Epstein, MBA
Author, Bookkeeping For Dummies and 
Bookkeeping Workbook For Dummies
Learn to:
  Make sense of important financial 
documents, from balance sheets to 
cash flow statements
  Locate the key areas to focus on when 
reviewing reports
  Explore international accounting 
standards that may soon be accepted 
in the U.S. 
  Understand recent SEC and other 
governmental regulatory changes
Reading
Financial Reports
2nd Edition
Making Everything Easier!
™
         Open the book and find:
  The accounting basics necessary to 
understand financial reports 
  New information on reporting 
standards for private/small versus 
public/large businesses
  Updates surrounding the 2007 
law on international financial 
reporting standards
  The impact of corporate 
communications and new 
technologies 
  New real-world examples that 
reflect current trends
  Updated Web sites and resources
  Tips for spotting the fluff in 
financial reports
Lita Epstein, MBA, is a seasoned financial writer who focuses on helping 
people understand the complex worlds of money and finance. She was a 
financial manager for a medical clinic and content director for a financial 
services Web site, MostChoice.com. She also writes for AOL’s Blogging 
Stocks and WalletPop. 
$21.99 US / $23.99 CN / £14.99 UK
ISBN 978-0-470-37628-7
Business/Finance
Go to dummies.com
®
for more!
The ins and outs of 
financial reports, explained 
in plain English
Want to make sense of financial reports? This easy-to-
follow guide gives you a set of tools to understand these 
complicated statements, helping you read between the 
lines to determine a company’s true financial health. You’ll 
make informed decisions about investing, spot possible 
problems, and use these reports to manage your own 
department or company for success.
  Get down to reporting basics — recognize different business 
types and how their structure affects the books, and grasp the 
accounting method underlying it all 
  Analyze the annual report — make sense of the balance sheet, 
income and cash flow statements, and the notes while spotting 
red flags 
  Know your numbers — keep an eye on whether a company is 
making a profit or suffering a loss
  Understand how companies optimize operations — use reports 
to measure how efficiently management is using its resources
  Meet the financial watchdogs — from auditors to analysts, see 
who certifies report accuracy and how recent scandals have 
changed the rules 
  Practice makes perfect — put your skills to the test by dissecting 
the annual reports of two similar companies throughout the 
book
Reading
Financial Reports
Epstein
2nd Edition
spine=.768”
Page 2


Lita Epstein, MBA
Author, Bookkeeping For Dummies and 
Bookkeeping Workbook For Dummies
Learn to:
  Make sense of important financial 
documents, from balance sheets to 
cash flow statements
  Locate the key areas to focus on when 
reviewing reports
  Explore international accounting 
standards that may soon be accepted 
in the U.S. 
  Understand recent SEC and other 
governmental regulatory changes
Reading
Financial Reports
2nd Edition
Making Everything Easier!
™
         Open the book and find:
  The accounting basics necessary to 
understand financial reports 
  New information on reporting 
standards for private/small versus 
public/large businesses
  Updates surrounding the 2007 
law on international financial 
reporting standards
  The impact of corporate 
communications and new 
technologies 
  New real-world examples that 
reflect current trends
  Updated Web sites and resources
  Tips for spotting the fluff in 
financial reports
Lita Epstein, MBA, is a seasoned financial writer who focuses on helping 
people understand the complex worlds of money and finance. She was a 
financial manager for a medical clinic and content director for a financial 
services Web site, MostChoice.com. She also writes for AOL’s Blogging 
Stocks and WalletPop. 
$21.99 US / $23.99 CN / £14.99 UK
ISBN 978-0-470-37628-7
Business/Finance
Go to dummies.com
®
for more!
The ins and outs of 
financial reports, explained 
in plain English
Want to make sense of financial reports? This easy-to-
follow guide gives you a set of tools to understand these 
complicated statements, helping you read between the 
lines to determine a company’s true financial health. You’ll 
make informed decisions about investing, spot possible 
problems, and use these reports to manage your own 
department or company for success.
  Get down to reporting basics — recognize different business 
types and how their structure affects the books, and grasp the 
accounting method underlying it all 
  Analyze the annual report — make sense of the balance sheet, 
income and cash flow statements, and the notes while spotting 
red flags 
  Know your numbers — keep an eye on whether a company is 
making a profit or suffering a loss
  Understand how companies optimize operations — use reports 
to measure how efficiently management is using its resources
  Meet the financial watchdogs — from auditors to analysts, see 
who certifies report accuracy and how recent scandals have 
changed the rules 
  Practice makes perfect — put your skills to the test by dissecting 
the annual reports of two similar companies throughout the 
book
Reading
Financial Reports
Epstein
2nd Edition
spine=.768”
by Lita Epstein
Reading Financial 
Reports
FOR
DUMmIES
‰
2ND EDITION
Page 3


Lita Epstein, MBA
Author, Bookkeeping For Dummies and 
Bookkeeping Workbook For Dummies
Learn to:
  Make sense of important financial 
documents, from balance sheets to 
cash flow statements
  Locate the key areas to focus on when 
reviewing reports
  Explore international accounting 
standards that may soon be accepted 
in the U.S. 
  Understand recent SEC and other 
governmental regulatory changes
Reading
Financial Reports
2nd Edition
Making Everything Easier!
™
         Open the book and find:
  The accounting basics necessary to 
understand financial reports 
  New information on reporting 
standards for private/small versus 
public/large businesses
  Updates surrounding the 2007 
law on international financial 
reporting standards
  The impact of corporate 
communications and new 
technologies 
  New real-world examples that 
reflect current trends
  Updated Web sites and resources
  Tips for spotting the fluff in 
financial reports
Lita Epstein, MBA, is a seasoned financial writer who focuses on helping 
people understand the complex worlds of money and finance. She was a 
financial manager for a medical clinic and content director for a financial 
services Web site, MostChoice.com. She also writes for AOL’s Blogging 
Stocks and WalletPop. 
$21.99 US / $23.99 CN / £14.99 UK
ISBN 978-0-470-37628-7
Business/Finance
Go to dummies.com
®
for more!
The ins and outs of 
financial reports, explained 
in plain English
Want to make sense of financial reports? This easy-to-
follow guide gives you a set of tools to understand these 
complicated statements, helping you read between the 
lines to determine a company’s true financial health. You’ll 
make informed decisions about investing, spot possible 
problems, and use these reports to manage your own 
department or company for success.
  Get down to reporting basics — recognize different business 
types and how their structure affects the books, and grasp the 
accounting method underlying it all 
  Analyze the annual report — make sense of the balance sheet, 
income and cash flow statements, and the notes while spotting 
red flags 
  Know your numbers — keep an eye on whether a company is 
making a profit or suffering a loss
  Understand how companies optimize operations — use reports 
to measure how efficiently management is using its resources
  Meet the financial watchdogs — from auditors to analysts, see 
who certifies report accuracy and how recent scandals have 
changed the rules 
  Practice makes perfect — put your skills to the test by dissecting 
the annual reports of two similar companies throughout the 
book
Reading
Financial Reports
Epstein
2nd Edition
spine=.768”
by Lita Epstein
Reading Financial 
Reports
FOR
DUMmIES
‰
2ND EDITION
Reading Financial Reports For Dummies
©
, 2nd Edition
Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com
Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form 
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as 
permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior 
written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to 
the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600. 
Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, 
Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax 317-572-4355, or online at http://
www.wiley.com/go/permissions.
Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the 
Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything 
Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/
or its affi liates in the United States and other countries, and may not be used without written permission. 
All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated 
with any product or vendor mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO 
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE 
CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT 
LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE 
CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES 
CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE 
UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR 
OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF 
A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE 
AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION 
OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF 
FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE 
INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY 
MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK 
MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN 
IT IS READ.
For general information on our other products and services, please contact our Customer Care 
Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002.
For technical support, please visit www.wiley.com/techsupport.
Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may 
not be available in electronic books.
Library of Congress Control Number: 2008941626
ISBN: 978-0-470-37628-7
Manufactured in the United States of America
10   9   8   7   6   5   4   3   2   1
Page 4


Lita Epstein, MBA
Author, Bookkeeping For Dummies and 
Bookkeeping Workbook For Dummies
Learn to:
  Make sense of important financial 
documents, from balance sheets to 
cash flow statements
  Locate the key areas to focus on when 
reviewing reports
  Explore international accounting 
standards that may soon be accepted 
in the U.S. 
  Understand recent SEC and other 
governmental regulatory changes
Reading
Financial Reports
2nd Edition
Making Everything Easier!
™
         Open the book and find:
  The accounting basics necessary to 
understand financial reports 
  New information on reporting 
standards for private/small versus 
public/large businesses
  Updates surrounding the 2007 
law on international financial 
reporting standards
  The impact of corporate 
communications and new 
technologies 
  New real-world examples that 
reflect current trends
  Updated Web sites and resources
  Tips for spotting the fluff in 
financial reports
Lita Epstein, MBA, is a seasoned financial writer who focuses on helping 
people understand the complex worlds of money and finance. She was a 
financial manager for a medical clinic and content director for a financial 
services Web site, MostChoice.com. She also writes for AOL’s Blogging 
Stocks and WalletPop. 
$21.99 US / $23.99 CN / £14.99 UK
ISBN 978-0-470-37628-7
Business/Finance
Go to dummies.com
®
for more!
The ins and outs of 
financial reports, explained 
in plain English
Want to make sense of financial reports? This easy-to-
follow guide gives you a set of tools to understand these 
complicated statements, helping you read between the 
lines to determine a company’s true financial health. You’ll 
make informed decisions about investing, spot possible 
problems, and use these reports to manage your own 
department or company for success.
  Get down to reporting basics — recognize different business 
types and how their structure affects the books, and grasp the 
accounting method underlying it all 
  Analyze the annual report — make sense of the balance sheet, 
income and cash flow statements, and the notes while spotting 
red flags 
  Know your numbers — keep an eye on whether a company is 
making a profit or suffering a loss
  Understand how companies optimize operations — use reports 
to measure how efficiently management is using its resources
  Meet the financial watchdogs — from auditors to analysts, see 
who certifies report accuracy and how recent scandals have 
changed the rules 
  Practice makes perfect — put your skills to the test by dissecting 
the annual reports of two similar companies throughout the 
book
Reading
Financial Reports
Epstein
2nd Edition
spine=.768”
by Lita Epstein
Reading Financial 
Reports
FOR
DUMmIES
‰
2ND EDITION
Reading Financial Reports For Dummies
©
, 2nd Edition
Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com
Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form 
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as 
permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior 
written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to 
the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600. 
Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, 
Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax 317-572-4355, or online at http://
www.wiley.com/go/permissions.
Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the 
Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything 
Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/
or its affi liates in the United States and other countries, and may not be used without written permission. 
All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated 
with any product or vendor mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO 
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE 
CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT 
LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE 
CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES 
CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE 
UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR 
OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF 
A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE 
AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION 
OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF 
FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE 
INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY 
MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK 
MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN 
IT IS READ.
For general information on our other products and services, please contact our Customer Care 
Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002.
For technical support, please visit www.wiley.com/techsupport.
Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may 
not be available in electronic books.
Library of Congress Control Number: 2008941626
ISBN: 978-0-470-37628-7
Manufactured in the United States of America
10   9   8   7   6   5   4   3   2   1
About the Author
Lita Epstein ran the financial accounting lab when she worked as a teaching 
assistant as she completed her MBA at Emory University’s Goizueta Business 
School. After receiving her MBA, she managed finances for a small non-profit 
organization and the facilities management section of a large medical clinic.
Now she enjoys helping people develop good financial, investing, and tax-
planning skills. She designs and teaches online courses on topics such as 
investing for retirement, getting ready for tax time, and finance and investing 
for women. She is the author of more than 25 books, including Working After 
Retirement For Dummies, Bookkeeping For Dummies, Bookkeeping Workbook 
For Dummies (all published by Wiley), Streetwise Crash Course MBA, and 250 
Questions You Should Ask to Avoid Foreclosure (Adams Media Corporation). 
Lita is also the coauthor of Trading For Dummies (Wiley).
Lita was the content director for a financial services Web site, MostChoice.
com, and managed the Web site, Investing for Women. She also wrote 
TipWorld’s Mutual Fund Tip of the Day in addition to columns about mutual 
fund trends for numerous Web sites. As a Congressional press secretary, Lita 
gained firsthand knowledge about how to work within and around the federal 
bureaucracy, which gives her great insight into how government programs 
work. Lita has also been a reporter at a daily newspaper, a magazine editor, 
and an associate director for development at The Carter Center.
For fun, Lita enjoys scuba diving and is certified as an underwater photogra-
pher. She hikes, canoes, and enjoys surfing the Web to find its hidden 
treasures.
Page 5


Lita Epstein, MBA
Author, Bookkeeping For Dummies and 
Bookkeeping Workbook For Dummies
Learn to:
  Make sense of important financial 
documents, from balance sheets to 
cash flow statements
  Locate the key areas to focus on when 
reviewing reports
  Explore international accounting 
standards that may soon be accepted 
in the U.S. 
  Understand recent SEC and other 
governmental regulatory changes
Reading
Financial Reports
2nd Edition
Making Everything Easier!
™
         Open the book and find:
  The accounting basics necessary to 
understand financial reports 
  New information on reporting 
standards for private/small versus 
public/large businesses
  Updates surrounding the 2007 
law on international financial 
reporting standards
  The impact of corporate 
communications and new 
technologies 
  New real-world examples that 
reflect current trends
  Updated Web sites and resources
  Tips for spotting the fluff in 
financial reports
Lita Epstein, MBA, is a seasoned financial writer who focuses on helping 
people understand the complex worlds of money and finance. She was a 
financial manager for a medical clinic and content director for a financial 
services Web site, MostChoice.com. She also writes for AOL’s Blogging 
Stocks and WalletPop. 
$21.99 US / $23.99 CN / £14.99 UK
ISBN 978-0-470-37628-7
Business/Finance
Go to dummies.com
®
for more!
The ins and outs of 
financial reports, explained 
in plain English
Want to make sense of financial reports? This easy-to-
follow guide gives you a set of tools to understand these 
complicated statements, helping you read between the 
lines to determine a company’s true financial health. You’ll 
make informed decisions about investing, spot possible 
problems, and use these reports to manage your own 
department or company for success.
  Get down to reporting basics — recognize different business 
types and how their structure affects the books, and grasp the 
accounting method underlying it all 
  Analyze the annual report — make sense of the balance sheet, 
income and cash flow statements, and the notes while spotting 
red flags 
  Know your numbers — keep an eye on whether a company is 
making a profit or suffering a loss
  Understand how companies optimize operations — use reports 
to measure how efficiently management is using its resources
  Meet the financial watchdogs — from auditors to analysts, see 
who certifies report accuracy and how recent scandals have 
changed the rules 
  Practice makes perfect — put your skills to the test by dissecting 
the annual reports of two similar companies throughout the 
book
Reading
Financial Reports
Epstein
2nd Edition
spine=.768”
by Lita Epstein
Reading Financial 
Reports
FOR
DUMmIES
‰
2ND EDITION
Reading Financial Reports For Dummies
©
, 2nd Edition
Published by
Wiley Publishing, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com
Copyright © 2009 by Wiley Publishing, Inc., Indianapolis, Indiana
Published simultaneously in Canada
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form 
or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as 
permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior 
written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to 
the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600. 
Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, 
Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax 317-572-4355, or online at http://
www.wiley.com/go/permissions.
Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the 
Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything 
Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/
or its affi liates in the United States and other countries, and may not be used without written permission. 
All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated 
with any product or vendor mentioned in this book.
LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO 
REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE 
CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT 
LIMITATION WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE 
CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES 
CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE 
UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR 
OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF 
A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE 
AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANIZATION 
OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF 
FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE 
INFORMATION THE ORGANIZATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY 
MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK 
MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN 
IT IS READ.
For general information on our other products and services, please contact our Customer Care 
Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002.
For technical support, please visit www.wiley.com/techsupport.
Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may 
not be available in electronic books.
Library of Congress Control Number: 2008941626
ISBN: 978-0-470-37628-7
Manufactured in the United States of America
10   9   8   7   6   5   4   3   2   1
About the Author
Lita Epstein ran the financial accounting lab when she worked as a teaching 
assistant as she completed her MBA at Emory University’s Goizueta Business 
School. After receiving her MBA, she managed finances for a small non-profit 
organization and the facilities management section of a large medical clinic.
Now she enjoys helping people develop good financial, investing, and tax-
planning skills. She designs and teaches online courses on topics such as 
investing for retirement, getting ready for tax time, and finance and investing 
for women. She is the author of more than 25 books, including Working After 
Retirement For Dummies, Bookkeeping For Dummies, Bookkeeping Workbook 
For Dummies (all published by Wiley), Streetwise Crash Course MBA, and 250 
Questions You Should Ask to Avoid Foreclosure (Adams Media Corporation). 
Lita is also the coauthor of Trading For Dummies (Wiley).
Lita was the content director for a financial services Web site, MostChoice.
com, and managed the Web site, Investing for Women. She also wrote 
TipWorld’s Mutual Fund Tip of the Day in addition to columns about mutual 
fund trends for numerous Web sites. As a Congressional press secretary, Lita 
gained firsthand knowledge about how to work within and around the federal 
bureaucracy, which gives her great insight into how government programs 
work. Lita has also been a reporter at a daily newspaper, a magazine editor, 
and an associate director for development at The Carter Center.
For fun, Lita enjoys scuba diving and is certified as an underwater photogra-
pher. She hikes, canoes, and enjoys surfing the Web to find its hidden 
treasures.
Read More
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