INTRO What are financial statements?
Financial statements are a summary of business activities!
Financial statements, where can I find them?
Let's find out for ourselves
Reference External Audit and Audit Report
Financial statements, where should I start?

MAGIC 1 Financial Statements
Assets = Liabilities + Equity
Statement of Financial Position_Status of Assets at a Certain Point in Time
Practice Samsung Electronics' financial statements

MAGIC 2 Income Statement
Business activities_production and sales
Revenue - Cost = Profit
Cost, Asset, Loss
Production activities and income statement
Product cost
Production and sales activities and income statement
Inventory assets and cost of goods sold
Sales and Management Activities and Income Statement
Cost breakdown
Costs that the company may change
operating profit
Financial and other activities and income statement
Income Statement Points
Reference: Classification of benefits by stage
Practice Samsung Electronics' Income Statement

MAGIC 3 Balance Sheet: Assets
Management Stage 3
Business activities and assets
Financial Activities and Assets
Chicken restaurant assets = operating activities + financial activities
Current assets = blood, non-current assets = flesh
Classification of assets by stage
Current Assets_Operating Activities
Key items of current assets
Intangible Assets: What's important is invisible.
Financial Statement_Assets
financial statements
Practice Reading Samsung Electronics' Assets
Reference Consolidated Financial Statements

MAGIC 4 Balance Sheet: Liabilities
The difference between debt and equity
Choosing between debt and equity
How does debt arise?
Why is debt dangerous?
What is more risky debt?
Classification of debt
Current Liabilities - Obligations that must be repaid immediately
Non-current liabilities - obligations with some leeway
Balance Sheet_Liabilities
financial statements
Practice Reading Samsung Electronics' Debt

MAGIC 4' Possibility of Default Check
What's different about this damn company?
The meaning of debt repayment
Default Risk Check_Debt Size and Payment Ability
Money locked in operating activities_working capital
Net working capital = locked money + spare money
Practice Checking the Possibility of Insolvency
Check again
Reference Danger Signs

MAGIC 5 Balance Sheet: Equity
The hidden story of shareholders, capital
Types of capital
Balance Sheet_Equity
Practice Reading Samsung Electronics' Capital
Stock and company valuation methods
Stock Trading and Bubble Signs
Price-to-earnings ratio PER
Practice Samsung Electronics' corporate values
The necessity of a reference stock company
Reference Bad Management and Fraudulent Accounting

SUMMARY
WORK BOOK

For those who can't read financial statements even after reading an introductory accounting book for 100 days!
The quickest prescription for those who are blind to financial statements.

For ordinary office workers, 'accounting' has long been a basic knowledge that must be known.
Without knowing accounting, the language of management and business, I cannot accurately understand the work I do, and furthermore, I cannot assess the value of the company I work for.
Although we all know the importance of accounting, financial statements still feel like a difficult code to decipher for those who haven't majored in accounting.
Even though many people try to read a variety of books, from fun novels that teach accounting to easy-to-understand financial statements with illustrations, many still find it difficult to read financial statements.


"The book that will make you see real financial statements when you read it" is designed to help you read financial statements as if they were a lie by investing just two hours.
Instead of explaining everything in detail, it contains only the minimum information that is essential to know as common sense, so you can quickly and easily acquire financial statement reading skills and an accounting mindset.
The accountant, who is currently the most popular lecturer on Hunet and has given thousands of lectures to people in various fields, is revealing his own secret method of interpreting financial statements through '5 Magic Charts'.


Hunet's most popular instructor, Accountant Yoo, reveals his business secrets!
“Life would be easier if you could just read financial statements!”

Financial statements are, simply put, a company's report card.
It's a report card that tells you how a company made money, how much it currently owns and owes, and where to invest for the future.
Therefore, just being able to read financial statements makes your work life and life more convenient, and allows you to make advantageous decisions at crucial moments.


If you're feeling stressed about your performance at work, instead of relying on qualitative assessments like "you worked hard" or "you did your best," you can improve your performance by objectively analyzing the strengths and weaknesses of your work through financial statements.
Moreover, when investing in stocks, you can make smart investments rather than blind investments by analyzing the value of the company you are investing in.
In particular, the 'Checking the Possibility of Bankruptcy' section of the book provides useful information for assessing a company's future value, based on the author's know-how acquired through many years of corporate experience.
Just follow the '5 Magic Charts' that simplify and explain complex and difficult-looking financial statements, and you will have the amazing experience of seeing real financial statements.

The book helps readers approach accounting in a more familiar way by covering the principles of running a chicken restaurant, one of the most popular and frequently used business ventures in everyday life.
Also, by highlighting key items in Samsung Electronics' financial statements, you can get a feel for how to read the actual financial statements.
For those who feel terrified at the mere sight of numbers, those who want to run away at the mere mention of the word "accounting," and those who want to hide when presented with a company's financial statements during a meeting, this book will be the quickest prescription to eliminate that fear.