By Joseph T. Straub
This is often one rather nice booklet in a powerful sequence of courses. every little thing you want to understand to have a passing familiarity with accounting statements is gifted in effortless learn and comprehend style. After examining this booklet, you should use and comprehend many of the extra simple jargon of commercial, funding and finance.
As is the culture with each nice company ebook, the textual content ends with bankruptcy 7 (you recognize, of financial disaster fame!). each one bankruptcy provides a unique element of monetary statements, starting with the source of revenue assertion, the stability sheet, and the assertion of money flows, and integrates the 3 to illustrate how they are often used for monetary research, stock monitoring and allocating for depreciation. every one bankruptcy begins through explaining the subject totally, and provides numerous examples of its use in genuine enterprise perform. even though the booklet is a slender quantity, it packs loads of details, being short, to the purpose and insightful all while. also, its small measurement additionally implies that it's going to no longer absorb an excessive amount of house on one's shelf of must-have and must-keep books.
I hugely suggest this booklet to somebody having the necessity to comprehend monetary statements at a look. readers also needs to try out a few of the different titles within the Agile supervisor sequence that may be necessary.
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Additional info for The agile manager's guide to understanding financial statements
B T A Balancing Act As Figure 3-1 shows, the balance sheet really does balance. ’s total assets equal the sum of the creditors’ claims against them (liabilities) and the stockholders’ claims against them (the owners’ or stockholders’ equity). The balance sheet, in fact, always balances, even when liabilities exceed assets. In that case, equity is a negative number—and the company is dead or close to it, barring an infusion of capital. Theoretically, if Avaricious Industries were sold today, the sale would bring in $19,534,490.
Because probably selling to marginal companies usually give credit cuscredit customers and/or not tomers 30 to 60 days maximum working hard enough to to pay their bills (except for some collect past-due balances. I. is collecting from credit customers very fast, which is very good. That implies that the company’s credit manager isn’t approving open-book accounts to many slow pay/no-pay/day-late-and- B T 60 THE AGILE MANAGER’S GUIDE TO UNDERSTANDING FINANCIAL STATEMENTS Best Tip a-dollar-short customers.
9 million. The investment in property and equipment is an investment in the company’s future; it should enhance its competitive position. ) And the inflow from equipment sales was minimal, a good sign. I. hasn’t been forced to sell off equipment to cover expenses. A company that’s forced to do that is like a sinking ship that jettisons its cargo to stay afloat. If it survives at all, it’ll just be an empty shell that eventually washes up on the rocky shoals of bankruptcy. There it’ll be picked clean by beachcombing scavengers such as vultures wearing Armani suits and fiddler crabs Figure 4-3 Cash flows from investing activities Purchase of property and equipment Proceeds from sale of equipment Net cash used for investing activities (2,080,695) 160,000 ($1,920,695) 43 Understand the Cash-Flow Statement Figure 4-4 Cash flows from financing activities Sale of common stock Sale of bonds Cash dividends paid Net cash inflow from financing activities 25,000 65,750 (50,000) $40,750 wearing tiny little “IRS Swat Team” caps, mirrored sunglasses, and, of course, white socks (required by their government contract).