Learn the 25 keys to unlocking the powerful and useful information buried in corporate financial statements, including understanding balance sheets and income statements, defining accrual accounting, and valuing costs of goods sold, inventory and cash flow. Analyzing Financial Statements is part of The New York Times Pocket MBA Series, a reference series easily accessible to all businesspersons, from first-level managers to the executive suite. financial statements, including understanding balance sheets and income statements, defining accrual accounting, and valuing costs of goods sold, inventory and cash flow.