It is my guess that a good portion of us who trade and I definitely include myself in this do not understand how to read a Balance Sheet or a Income Statement etc...
Wellllll..... I decided to google some accounting terms and I came up with a very nice website that gives all the definitions of accounting terms. If you decide you want to go through some financial reports and try and guess what these terms mean here is a link to the definitions that will help you out.
http://www.nysscpa.org/prof_library/guide.htm
:D:D:D
Happy accounting!