The Business Owner′s Guide to Reading and Understanding Financial Statements – How to Budget Forecast and Monitor Cash Flow for Better Decision
How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
Paperback Engels 2012 9781118143513Samenvatting
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.
Specificaties
Lezersrecensies
Inhoudsopgave
<p>Acknowledgments xv</p>
<p>PART I USING EXTERNAL REPORTS TO GAUGE YOUR COMPANY′S HEALTH AND COMPETITIVE STATUS 1</p>
<p>Chapter 1 The Key Financial Statements and Their Starring Role 3</p>
<p>Chapter 2 Balancing the Books: Your Assets and Liabilities 25</p>
<p>Chapter 3 Gauging Profitability 49</p>
<p>Chapter 4 Cash Is King 71</p>
<p>PART II USING INTERNAL REPORTING TO MANAGE YOUR PROFITS AND YOUR COSTS 91</p>
<p>Chapter 5 Why Budgeting Is Important 93</p>
<p>Chapter 6 Managing Inventory 107</p>
<p>Chapter 7 Monitoring Customer Collections 121</p>
<p>Chapter 8 Discounts and Special Pricing 133</p>
<p>Chapter 9 Getting a Handle on Manufacturing Costs 141</p>
<p>Chapter 10 Reducing Bill Payouts 153</p>
<p>Conclusion: Using Financial Statements for Decision Making 163</p>
<p>About the Author 165</p>
<p>Index 167</p>
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