Cover image for The guide to understanding financial statements
The guide to understanding financial statements
Costales, S. B.
Personal Author:
A revised edition of Financial statements of small business.
Publication Information:
New York : McGraw-Hill, [1979]

Physical Description:
viii, 166 pages ; 24 cm
General Note:
Includes index.
Subject Term:
Format :

On Order



There's no mystery to understanding company financial statements Even if you have no financial or accounting background, you can read those intimidating-looking financial statements as easily as A-B-C. The second edition of The Guide to Understanding Financial Statements, by S.B. Costales and Geza Szurovy, makes all the numbers and jargon absolutely clear. In seconds you'll spot a company's strengths and weaknesses, see how its performance measures up, and have a solid basis for judging future prospects. The material is so easy to grasp, you'll know it all on first reading, Discover: what a balance sheet really reveals; the true significance of a profit and loss statement; what the six most important financial ratios are, and what each can tell you; how to tell when the numbers are favorable or not; how to spot fraud; how to discover whether the stated value of certain asests is true; much more. Copyright © Libri GmbH. All rights reserved.

Table of Contents

Part l Financial Analysis Fundamentals
Historical Development of Statements
The Four Types of Financial Statements
The Four Typesof Financial Statements
The Natureof Business Organizations
The Balance Sheet: A Snapshot of Financial Structure
The Income Statement: Measuring Financial Performance Over Time
The Cash Flow Statement: Where Cash Comes from, Where It Goes
The Reconciliation of Netr Worth Statement: Accounting for the Bottom Line
A few Important Ratios
The Operating Cycle and Its Financial Consequences
Analyzing a Set of Financial Statements
Detecting Error, Fraud, and Window Dressing
Part 2 Case Studies
Faux Leather, Outdoor Sports, Inc
Frank's Electrical Supply
Green Thumb Gardens
G&G Fashions
Hammerhead Hardware
The Old Mill Restaurant
Auto Tire and Recapping