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's fiscal health. Understand where your company stands so that you can make informed decisions about its future.
The Business Owner's Guide to Reading and Understanding Financial Statements: How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making| Lita Epstein (Author)| Wiley
Table of Contents
Acknowledgements
PART I Using External Reports To Gauge Your Company's Health and Competitive Status
Chapter 1. The Key Financial Statements and Their Starring Role
Chapter 2. Balancing the Books: Your Assets and Liabilities
Chapter 3. Gauging Profitability
Chapter 4. Cash Is King
PART II Using Internal Reporting 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 Manufacturing Costs
Chapter 10. Reducing Bill Payouts
Conclusion: Using Financial Statements for Decision Making
About the Author
Index
LINK FOR THE BOOK
