Cantitate/Preț
Produs

How to Keep Score in Business

Autor Robert J. R. Follett
en Limba Engleză Paperback – 2012

In this classic book, long-time CEO Robert Follett shows you exactly how to keep score in business by reading and interpreting company financials. Step by step, Follett helps you capture crucial insights buried in balance sheets, income statements, and other key financial reports. Follett shows how to apply core tools for analyzing financial reports and investment opportunities, and demystifies key accounting terms every manager and investor needs to know.

This book won't turn you into an accountant, but it will enable you to work confidently with accountants, auditors, financial analysts, budget directors, controllers, treasurers, bankers, and brokers-and make more informed business decisions every single day. Thoroughly updated for current financial practices, How to Keep Score in Business, Second Edition covers all this, and much more:

  • Discovering a company's true financial position through its balance sheet.
  • Identifying valuable information that isn't shown on the balance sheet.
  • Recognizing what income statements show-and what they hide.
  • Using ROI tools to evaluate performance or analyze potential investments.
  • Building cash flow budgets for effective planning.
  • Using common analysis ratios-and recognizing their limitations.
Citește tot Restrânge

Preț: 10865 lei

Puncte Express: 163

Preț estimativ în valută:
2082 2255$ 1785£

Cartea nu se mai tipărește

Doresc să fiu notificat când acest titlu va fi disponibil:

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780132849258
ISBN-10: 0132849259
Pagini: 192
Dimensiuni: 150 x 229 x 15 mm
Greutate: 0.26 kg
Ediția:Revised
Editura: FT Press

Notă biografică

Robert Follett served as President of Follett Publishing Company and as Chairman of Follett Corporation, a company that has grown to almost $3 billion in annual sales by providing universities, libraries, schools, and school districts with educational tools and services.

Cuprins

Chapter 1 Introduction 1 The First Lesson: Scores Are Not Real Dollars 5 The Accrual Method 6 But Scores Are Important 7 Chapter 2 Glossary of Key Financial Accounting Terms 9 Glossary 10 Chapter 3 The Balance Sheet 31 The Balance Sheet Balances 31 Acme Widget Company 35 Acme Widget's Year-End Balance Sheet 38 A "Trial Balance" 43 Constructing the Balance Sheet 45 Summary 46 Chapter 4 More Balance Sheet 47 Cost Versus Value 47 Intangible Assets 48 Goodwill 50 Reserves and Allowances 51 The Going Concern Assumption 52 Estimates Are Everywhere 53 Purpose and Perspective 53 Current Versus Noncurrent Balance Sheet Items 55 Working Capital 55 Average Collection Period 58 Inventory Turnover 60 Chapter 5 Still More Balance Sheet 63 The Worksheet for Transactions 65 Trial Balance Worksheet 68 The Balance Sheet 68 Analyzing the Balance Sheet 69 Balance Sheet Summary 71 Chapter 6 The Income Statement 75 The Basic Income Statement 76 Acme Widget's First-Year Income Statement 80 More on Cost of Sales 83 Nonoperating Income and Expense 86 Acme Widget's Second-Year Income Statement 87 Reconciliation of Retained Earnings 89 Analyzing Income Statements 90 Complicating Cost of Sales 91 Summary of the Income Statement 94 Chapter 7 Return on Investment (ROI) 99 Return on Equity (ROE) 101 Return on Invested Capital (ROIC) 102 Return on Assets Used (ROAU) 103 Cash-on-Cash Return 105 Payback Method 106 Discounted Cash Flow or Present Value Method 106 Summary 115 Chapter 8 Changes in Financial Position 117 Summary 121 Chapter 9 Cash Flow Budget 123 Summary 129 Chapter 10 Other Analysis Ratios and Tools 131 Profit as a Percentage of Sales 131 Breakeven 132 Current Ratio 135 Acid Test or Quick Ratio 135 Debt-Equity Ratio 135 Earnings Per Share 136 Price-Earnings Ratio 136 Chapter 11 A Summary of What You Have Learned 139 The Balance Sheet 140 The Income Statement 144 Statement of Changes in Financial Position 146 Cash Flow Budget 147 Analyzing Financial Reports 147 Conclusion 151 Appendix A Acme Widget Company 153 Appendix B Present Value Tables 169

Textul de pe ultima copertă

The Classic Business Accounting Guide for Every Manager and Entrepreneur--Now Fully Updated! - Uncover crucial insights buried in balance sheets, income statements, and other financial reports - Master indispensable skills for day-to-day business and investment decision-making - Learn up-to-the-minute techniques for analyzing ROI, planning cash flow, and identifying business trends In this classic book, long-time CEO Robert Follett shows you exactly how to "keep score" in business by reading and accurately interpreting company financials. Step by step, Follett helps you capture crucial insights buried in balance sheets, income statements, and other key reports. Follett shows how to apply core tools for analyzing financial reports and investment opportunities, and demystifies key accounting terms every manager and investor needs to know. Fully updated for today's tools and techniques, this book will help you work confidently with accountants, auditors, financial analysts, budget directors, controllers, treasurers, bankers, and brokers...and make better business decisions every single day. A Note from the Author, Long-Time CEO Robert Follett: "In business, the score is kept in dollars. The accounting system provides the rules for keeping score. This book will teach you those rules. "I am not an accountant. I started in sales. I moved into product development. I was president of a large company. I became chairman of an even larger company. Along the way, I had to learn financial accounting the hard way. "I have worked with accountants, auditors, bankers, treasurers, controllers. These experts often flim-flammed me with accounting lingo I didn't understand. I've made almost every dumb mistake that a manager with no financial background can make. "But I learned. Now I can keep score along with the best. I've distilled many years of hard knocks and dumb mistakes into a relatively few pages. When you're finished studying this book, you will be well on your way to mastery of this indispensable management skill. You will know how to keep score in business." This book will help you: - Bring practical common sense to financial analysis- Understand what your financial pros are telling you--and what they aren't- Evaluate any company's balance sheet- Recognize what balance sheets and income statements may be hiding- Create cash flow budgets that keep you from running out of cash- Identify changes in a company's financial position- Use ROI tools to evaluate performance and analyze investments- Understand "goodwill," "working capital," "acid tests," and other key concepts