Epstein The Business Owner's Guide to Reading and Understanding Financial Statements

How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
1. Auflage 2012
ISBN: 978-1-118-23109-8
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 192 Seiten, E-Book

Financial statements hold the key to a company's fiscalhealth--so learn to read them!
In order to gauge a company's health--as well as thecompetition's--managers must know how to properly read andunderstand financial statements. The Business Owner's Guide toReading and Understanding Financial Statements will introducemanagers and business owners to various types of financialstatements and explain why they are important. Serving as a desktopreference, especially for managers without a strong background infinance, this book will discuss the difference between internal andexternal financial statements and explain how they can be used forfinancial decision-making in order to avoid common missteps.
Whether you're planning for major capital projects or simplymanaging 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 internalreporting
* 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 canmake informed decisions about its future.

Autoren/Hrsg.

Epstein, Lita

Inhaltsverzeichnis

Preface ix
Acknowledgments xv
PART I USING EXTERNAL REPORTS TO GAUGE YOUR COMPANY'S HEALTHAND COMPETITIVE STATUS 1
Chapter 1 The Key Financial Statements and Their Starring Role3
Chapter 2 Balancing the Books: Your Assets and Liabilities25
Chapter 3 Gauging Profitability 49
Chapter 4 Cash Is King 71
PART II USING INTERNAL REPORTING TO MANAGE YOUR PROFITS ANDYOUR COSTS 91
Chapter 5 Why Budgeting Is Important 93
Chapter 6 Managing Inventory 107
Chapter 7 Monitoring Customer Collections 121
Chapter 8 Discounts and Special Pricing 133
Chapter 9 Getting a Handle on Manufacturing Costs 141
Chapter 10 Reducing Bill Payouts 153
Conclusion: Using Financial Statements for DecisionMaking 163
About the Author 165
Index 167

Über Autor(innen)

Lita Epstein, MBA, designs and teaches online courses on topics such as investing for retirement, getting ready for tax time and finance, and investing for women. She is the author of Streetwise Retirement Planning and the coauthor of Alpha Teach Yourself Retirement Planning in 24 Hours. She has also been a congressional press secretary, daily newspaper reporter, magazine editor, and fundraiser for The Carter Center.