Synopses & Reviews
A complete reworking of an established and successful seller. The only book in the UK market designed for the manager, entrepreneur or professional investor, to help them understand a company or a competitors accounts.
- General reworking of international references to show changes to accounting rules
- Complete reworking of current Chapter 8 Accounts in Other Countries to introduce the global harmonisation process in GAAP. This is the shift from country by country specific Generally Accepted Accounting Procedures hence GAAP to the International Financial Reporting Standards (IFRS) which have been adopted by the International Accounting Standards Board. As of 1 March 2008 over 75 countries require the use of IFRS. A list of countries subscribing to IFRS can be found at http://www.iasplus.com/country/useias.htm . The US should seek convergence by 2009
- Material on emerging markets and their accounting similarities and differences
- Detailed updating of the case study accounts currently Johnson Matthey possibly to use the accounts of Marks and Spencer
- List of useful websites and accounting links
The Financial Times Guide to Using and Interpreting Company Accounts
is designed for the non-accountant manager, investor or entrepreneur who is expected to have financial knowledge but may not have accounting training.
Wendy McKenzie approaches the project via three key points: What information will I find in these accounts?; How do I analyse the accounts?; How can I use my analysis?
Using publicly available actual accounts, the book begins by covering the numbers from company accounts then moves on to information such as the financial review and then explains the logic of the accounts. To help with the interpreting of the numbers Wendy shows the reader how to understand issues such as cash flow, what this will tell you about a company, how to consider a competitors accounts and how to perform ratio calculations to help with company analysis.
About the Author
Wendy McKenzie is the founder and manager of McKenzie Training Associates. Shes worked both in the City and in a range of other companies and financial organisations.
Table of Contents
Table of Contents
PART 1 WHAT INFORMATION WILL I FIND IN THE ACCOUNTS?
1 An introduction to the accounts
2 The profit and loss account
3 The balance sheet
4 The cash flow statement
5 The statement of total recognised gains and losses
6 The note of historical cost profits and losses
7 Other information found in the accounts
8 International conventions local GAPP, IFRS, emerging nations
PART 2 HOW DO I ANALYSE THE ACCOUNTS?
9 How do I analyse the accounts?
12 Cash management
13 The investors perspective
14 Johnson Matthey
PART 3 HOW CAN I USE MY ANALYSIS?
15 How can I use my analysis?
16 Suppliers accounts
17 Customers accounts
18 Competitors accounts
19 Identifying a companys acquisition potential
20 The availability of accounts