Understanding Financial Statements: Master the Tools That Help You Succeed

by Gill, James

• ISBN13: 9781426018503
• ISBN10: 1426018509
• Edition: 3rd
• Format: Paperback
• Copyright: 2010-02-28
• Publisher: Natl Book Network

Summary

Balance sheets. Income statements. Profitability ratios. These are just a few of the crucial tools to successfully understanding and managing business. Becoming comfortable with financial statements and learning how to use them to successfully analyze and navigate a company is essential to success. This introduction to financial statements will lay the ground work for that understanding and serve as a valuable reference guide over time.

Table of Contents

About the Authors	p. 1
Preface	p. 2
About the Crisp 50-Minute Series	p. 4
A Note to Instructors	p. 5
The Basics of Financial Statements	p. 7
What Are Financial Statements and Who Uses Them?	p. 9
The Balance Sheet	p. 11
The Income Statement	p. 21
The Cash Flow Statement	p. 25
Part Summary	p. 28
Understanding Ratios and Percentages	p. 29
Ratios: A Key Management Tool	p. 31
How Ratios Are Developed	p. 32
Ratio Types	p. 34
Liquidity Ratios	p. 36
Profitability Ratios	p. 43
Efficiency Ratios	p. 51
Part Summary	p. 60
How to Use Ratio Analysis	p. 61
Introduction to Ratio Analysis	p. 63
Determining Which Ratios to Use	p. 64
Ratio Review Chart	p. 69
Part Summary	p. 72
How to Perform an Expense Analysis	p. 73
Managing Your Expenses	p. 75
Examining Your Expenses	p. 76
Breakeven Analysis	p. 78
Part Summary	p. 82
How to Control Your Business	p. 83
Tools for Controlling Your Business	p. 85
Trend Analysis	p. 86
Cash Flow Forecasting	p. 95
Target Statements	p. 103
The Accounts Receivable Aging Schedule	p. 106
Part Summary	p. 108
Appendix	p. 109
Resources	p. 111
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