This is the new edition of the bestselling guide to understanding and using business accounts and accounting principles, written in a way that even the financially nervous novice can easily absorb.
Accounting is generally viewed as a highly technical and complex subject. However, accounts are actually based on simple principles. It's not company accounts that are complex, it's all too often the way that they are explained.
In this simple, easy read book, the author guides you through all the major accounting concepts. Discover how to master company accounts, understand balance sheets, profit and loss accounts and cash flow systems. Learn to analyse and monitor your company's financial performance.
Accounts Demystified is the definitive, user-friendly guide to the fundamental principles of accounting that no manager will want to be without.
"An excellent primer on accounting, this book explains in simple language how to understand balance sheets, profit and loss accounts and cash flow statements. It also has useful chapters covering important subjects like return on capital employed, gearing and book values as well as providing insight into the tricks of the accounting trade."
Jim Slater, investment guru and best selling author of The Zulu Principle
Part I: The Basics of Accounting
1. The balance sheet and the fundamental principle
2. Creating a balance sheet
3. The profit and loss account and cash flow statement
4. Creating the profit and loss account and cash flow statement
5. Book-keeping jargon
Part II: Interpretation of Accounts
6. Wyngate's annual report
7. Further features of company accounts
Partv III: Analysing Company Accounts
8. Financial analysis: introduction
9. Analysis of the underlying operation
10. Analysis of the funding structure
11. Valuation of companies
12. Tricks of the trade
Glossary
Appendix: (directors report, p&l, balance sheet, cash flow statement, and notes to the accounts of Wyngate Foods plc)
Index
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