The business owner's guide to reading and understanding financial statements

Financial statements hold the key to a company's fiscal health--so learn to read them! In order to gauge a company's health--as well as the competition's--managers must know how to properly read and understand financial statements. The Business Owner's Guide to Reading and Understanding Financial Statements will introduce managers and business owners to various types of financial statements and explain why they are important. Serving as a desktop reference, especially for managers without a strong background in finance, this book will discuss the difference between internal and external financial statements and explain how they can be used for financial decision-making in order to avoid common missteps.Whether you're planning for major capital projects or simply managing the fiscal aspects of your department, this nontechnical, results-driven guide will arm you with the fundamentals to: Understand the budget process and why it is important Manage assets and track inventory Gauge profitability Monitor success throughout the year using internal reporting Set prices and make key cost decisions Financial statements are essential to determining a company'sfiscal health. Understand where your company stands so that you can make informed decisions about its future. INDICE: Dedication Preface Acknowledgments Author Biography Part 1: Using External Reports to Gauge Your Company's Health and Competitive Status Chapter1: The Key Financial Statements and Their Staring Role Chapter 2: Balancing the Books: Your Assets and Liabilities Chapter 3: Gauging Profitability Chapter4: Cash is King Part 2: Using Internal Reports to Manage Your Profits and Your Costs Chapter 5: Why Budgeting is Important Chapter 6: Managing Inventory Chapter 7: Monitoring Customer Collections Chapter 8: Discounts and Special Pricing Chapter 9: Getting a Handle on Costs Chapter 10: Reducing Payouts Conclusion: Using Financial Statements for Decision Making

• ISBN: 978-1-118-14351-3
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 208
• Fecha Publicación: 22/02/2012
• Nº Volúmenes: 1
• Idioma: Inglés