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The Guide To Understanding Financial Statements

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This guide to understanding financial statements assumes no prior knowledge of accounting or mathematics, or even business sophistication. It contains numerous worked-out examples and sample balance sheets which clarify explanations, while end-of-chapter questions make the book useful for self-study and training programmes. Now in its second edition, it features new and expanded coverage of cash flow analysis, Subchapter S corporations, LIFO/FIFO accounting and profit margin analysis.

ISBN-13: 9780070131972

Media Type: Paperback

Publisher: McGraw Hill LLC

Publication Date: 10-01-1993

Pages: 192

Product Dimensions: 5.90(w) x 8.90(h) x 0.55(d)

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

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.