The Business Owner's Guide to Reading and Understanding Financial Statements Paperback - 2012 - 1st Edition

Small Business & Entrepreneurship

Financial statements hold the key to your company's fiscal health--so learn to read them!

In order to gauge your company's health--as well as the competition's--business owners must know how to properly read and understand financial statements. The Business Owner's Guide to Reading and Understanding Financial Statements introduces managers and entrepreneurs to the various types of financial statements and explains why each is important. Learn the difference between internal and external financial statements and how to use them for financial decision making in order to avoid common missteps.

Whether you're planning 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

Don't shrug off your responsibility in mastering the financial aspects of your company. Understand where your business stands so that you can make informed decisions about its future.