Understanding Balance Sheets

Understanding Balance Sheets As statements of a company’s financial condition, balance sheets contain information vital to owners, investors, and financial managers who are charged with assessing company performance. Often complex and difficult to interpret, balance sheets are nonetheless essential because they help pinpoint business problem areas. Understanding Balance Sheets explains in a clear and concise manner all the major aspects of this important business tool, making it yours to implement easily and successfully. Written by two financial and accounting authorities, this hands on working reference enables you to understand a company’s balance sheet within the context of its annual report. You’ll find detailed information on:Exactly what a balance sheet is, how it works, and how it’s used to increase profitabilityThe individual components: receivables, cash, inventory, long lived assets, current payables, long term debt, and equityHow these different elements relate to each other, how they come into being, and how they should be controlled in your businessHow accounting data is created, accumulated, and used in the development of financial statementsWhether you’re new to balance sheets, need a quick refresher, or require a knowledge that goes beyond the basics, this guide has it all. Understanding Balance Sheets is a thorough, accessible reference that you can’t afford to be without if you need to get a handle on this essential financial tool.