UNDERSTANDING AND INTERPRETING COMPANY ACCOUNTS

A practical guide to published accounts for non-specialists, using non-technical terms to explain the concepts, this brilliant book identifies the links between individual parts of the accounts in order to facilitate the analysis and prediction of company performance. You will rapidly gain sufficient understanding of the information held in the accounts for the purposes of commercial credit analysis, investment planning, business forecasting, managing a business and similar activities. It is specifically designed for those with no formal training and is brilliant on explaining terms like working capital ratios, shareholder's funds, retained earnings and even goes into mischief like Enron and the Tesco 'support payments' affair. Familiarise yourself with the profit and loss account, consolidated statements, the balance sheet, notes, income statement and a summary of Red Flags and where they come from. 168pp, softback.