Say goodbye to scratching your head in confusion

This book on financial statements for business owners and investors could be the answer you're looking for...

If you have your own business, understanding financial statements better will help you get more profit out of your business, and this will also help you recognize warning signs in the accounts.

Knowing your way around financial statements will help you spot trends in working capital that might mean you need to raise fresh finance, for example. You'll also be able to use financial statements of other companies in your sector to set your business benchmarks that can help improve your performance

This book starts with a little introduction to accounting basics - the principles behind financial statements - and to the auditing process, just to set the scene. Then we go through the three main statements - profit and loss, balance sheet, and cash flow - and explain how they work and what the different items in them mean. After that, we get into the real meat of the book, looking at sample accounts and discussing how to calculate ratios that will tell you a lot about the health of the business. Also, where to look in the notes to the accounts to find out 'where the bodies are buried'!

Here are just some of the topics that are discussed in this book:

• Accounts and Audit
• The Profit and Loss Account
• The Balance Sheet
• Sources and Uses of Funds
• Notes to the Accounts
• Running the Ratios
• Putting it into practice
• Depreciation and Amortization - a closer look
• A Few Tips for the Business Owner or Manager
• And Much More