Synopses & Reviews
Crack the code of finances big mysterythe balance sheet In these times of financial anxiety, the ability to keep track of a companys assets and liabilities is more important than ever, and you cant do this without a firm grasp of the balance sheet.
Whether youre a small-business owner, department manager, or individual investor, How to Read a Balance Sheet provides the skills you need to make the wisest financial decisions possible. A critical but rarely used business tool for non-financial professionals, the balance sheet provides a snapshot of a companys financial position at any single point in time.
How to Read a Balance Sheet demystifies the subject by explaining:
- What a balance sheet is and how is it used to boost profits
- Key components of the balance sheet, including receivables, cash, inventory, long-lived assets, current payables, long-term debt, and equity
- How these different elements relate to one another otherand how to keep them under control
- Formulas, tips, and examples that illustrate key concepts
When you have a firm grasp of the balance sheet, youre better armed to seize business opportunities and avoid financial pitfalls. How to Read a Balance Sheet opens a new door to top performance for any business professional.
Synopsis
Put the most valuable business tool to work for you
The balance sheet is the key to everything--from efficient business operation to accurate assessment of a company's worth. It's a critical business resource--but do you know how to read it? How to Read a Balance Sheet breaks down the subject into easy-to-understand components.
If you're a business owner or manager, this book helps you . . . Manage working capital Generate higher returns on assets Maximize your inventory dollars Evaluate investment opportunities
If you're an investor, this book helps you . . . Determine the market value of a company's assets and operations Predict future earnings and trends Assess the impact of capital expenditures Identify potential red flags before the crowd
How to Read a Balance Sheet gives you the bottom line of what you need to know about:
Cash Flow * Assets * Debt * Equity * Profit and how it all comes together.
About the Author
About the Authors Rick Makoujy is the founder and CEO of Accounting in an Hour, a 60-minute interactive DVD and e-learning course designed to promote financial literacy to non-financial employees. Organizations that have adopted this program include Dell, Coldwell Banker, Canon, Pitney Bowes, International Paper, Chevron, Xerox, and many others. In addition, Rick is the founder of Ravens Rock Capital LLC, a privately-owned merchant bank, and began his finance career as a consultant at PricewaterhouseCoopers before joining BDS Securities Corporation as a securities analyst.
Paul Amedeo, CPA has been in the public accounting arena since 1982 and is a co-founder of the firm Santoro, Amedeo and Co. Paul and his firm have a diversified clientele that works extensively with small to medium sized businesses, estates and individuals. Paul is a member of the American Institute of Certified Public Accountants and the New York State Society of CPAs. He is also a member of the New York State Society of CPAs Federal Government Contracts Accounting Committee and its Advertising Committee.
Table of Contents
Part I: Introduction;
Chapter 1. What is a Balance Sheet;
Chapter 2. Basic Accounting Principles;
Part II: Assets;
Chapter 3. Current Assets;
Chapter 4. Cash and Short-Term Investments;
Chapter 5. Receivables and Pre-Paids;
Chapter 6. Noncurrent Assets;
Chapter 7. Investments;
Chapter 8. Long-lived Productive Assets;
Chapter 9. Natural Resources;
Chapter 10. Intangibles;
Part III: Liabilities;
Chapter 11. Current Liabilities;
Chapter 12. Noncurrent Notes and Mortgage Liabilities;
Chapter 13. Bond Liabilities;
Part IV: Equity;
Chapter 14. Stockholders' Equity;
Part V: Valuing Inventory;
Chapter 15. Accounts Receivable;
Chapter 16. Losses in the Value of Inventories;
Chapter 17. Fixed Assets;
Summary and Conclusions; Index; About the Author