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

How to Budget, Forecast, and Monitor Cash Flow for Better Decision Making
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Business Owner's Guide to Reading and Understanding Financial Statements by Lita Epstein equips managers and business owners with essential skills to interpret financial documents. This practical guide demystifies various financial statements, clarifies the distinction between internal and external reports, and demonstrates how these can inform financial decision-making. Designed as a straightforward reference, it covers budgeting, asset management, profitability assessment, internal reporting, pricing, and cost decisions without requiring a strong finance background.
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Format: Paperback / softback
$3799
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This clear and accessible guide is ideal for business owners, managers, and professionals seeking a nontechnical introduction to financial statements to better understand their company's fiscal health and make informed decisions.

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Financial statements hold the key to a company's fiscal health so learn to read them! In order to gauge a company's health as well as the competition's managers must know how to properly read and understand financial statements.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Financial statements hold the key to a company's fiscal health—so learn to read them!

In order to gauge a company's health—as well as the competition's—managers must know how to properly read and understand financial statements. The Business Owner's Guide to Reading and Understanding Financial Statements will introduce managers and business owners to various types of financial statements and explain why they are important. Serving as a desktop reference, especially for managers without a strong background in finance, this book will discuss the difference between internal and external financial statements and explain how they can be used for financial decision-making in order to avoid common missteps.

Whether you're planning for major capital projects or simply managing 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 internal reporting
  • Set prices and make key cost decisions

Financial statements are essential to determining a company's fiscal health. Understand where your company stands so that you can make informed decisions about its future.

Book Details

INFORMATION

ISBN: 9781118143513

Publisher: John Wiley & Sons Inc

Format: Paperback / softback

Date Published: 23 February 2012

Country: United States

Imprint: John Wiley & Sons Inc

Audience: Professional and scholarly

DIMENSIONS

Spine width: 13.0mm

Width: 154.0mm

Height: 229.0mm

Weight: 248g

Pages: 192

About the Author

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.

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