This book is written in a non-technical language and provides explanation and insight to each and every figure that appears in financial statements. A unique feature of this book is, that all the three principal financial statements, namely, Balance Sheet, Statement of Profit, and Cash Flow Statement, are thoroughly explained using the financial statements of Asian Paints Ltd. The last part of the book presents a framework through which the readers can view the financial health of any business. The text shows the interconnection between the four drivers of profitability―asset management, cost management, leverage management, and tax management―and how they jointly improve the profitability of the company. The book is intended to provide a feeling of completeness to the readers in their understanding of financial statements. Even for those from non-accounting background, this simple and lucid text helps to read and understand financial statements and to be able to evaluate the financial health of a company. The book is relevant for students of finance and accounting courses from different backgrounds, as well as non-financial managers, entrepreneurs, and so on. This book is also relevant for those pursuing courses on valuation, mergers and acquisition, and specialized course on Financial Statement Analysis.