The business owner's guide to reading and understanding financial statements
Subtitle: how to budget, forecast, and monitor cash flow for better decision making
By: Lita Epstein
Publisher: Wiley
Published: 2012
Place of publication: Hoboken, NJ
Language: eng
ISBN-13: 9781118143513
Subjects: Financial statements; Cash flow; Finance; Corporations; Decision making; BUSINESS & ECONOMICS / Small Business
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"--
Notes: Includes index.