The Guide to Understanding Financial Statements

by Costales, S.; Szurovy, Geza

• ISBN13: 9780070131910
• ISBN10: 0070131910
• Edition: 2nd
• Format: Hardcover
• Copyright: 1993-10-01
• Publisher: McGraw-Hill

Summary

There's no mystery to understanding company financial statements Even if you have no financial or accounting background, you can read those intimidating-looking financial statements as easily as A-B-C. The second edition of The Guide to Understanding Financial Statements, by S.B. Costales and Geza Szurovy, makes all the numbers and jargon absolutely clear. In seconds you'll spot a company's strengths and weaknesses, see how its performance measures up, and have a solid basis for judging future prospects. The material is so easy to grasp, you'll know it all on first reading, Discover: what a balance sheet really reveals; the true significance of a profit and loss statement; what the six most important financial ratios are, and what each can tell you; how to tell when the numbers are favorable or not; how to spot fraud; how to discover whether the stated value of certain asests is true; much more.

Table of Contents

Part l.Financial Analysis Fundamentals.Historical Development of Statements.The Four Types of Financial Statements.The Four Typesof Financial Statements.The Natureof Business Organizations.The Balance Sheet: A Snapshot of Financial Structure.The Income Statement: Measuring Financial Performance Over Time.The Cash Flow Statement: Where Cash Comes from, Where It Goes.The Reconciliation of Netr Worth Statement: Accounting for the Bottom Line.A few Important Ratios.The Operating Cycle and Its Financial Consequences.Analyzing a Set of Financial Statements.Detecting Error, Fraud, and Window Dressing.Part 2 Case Studies.Faux Leather, Outdoor Sports, Inc.Frank's Electrical Supply.Green Thumb Gardens.G&G Fashions.Hammerhead Hardware.The Old Mill Restaurant.Auto Tire and Recapping.