The Business Owner's Guide to Reading and Understanding Financial Statements

In order to gauge a company's health--as well as thecompetition's--managers must know how to properly read andunderstand financial statements. The Business Owner's Guide toReading and Understanding Financial Statements will introducemanagers and business owners to various types of financialstatements and explain why they are important. Serving as a desktopreference, especially for managers without a strong background infinance, this book will discuss the difference between internal andexternal financial statements and explain how they can be used forfinancial decision-making in order to avoid common missteps.

Whether you're planning for major capital projects or simplymanaging 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 internalreporting
• Set prices and make key cost decisions

Financial statements are essential to determining a company'sfiscal health. Understand where your company stands so that you canmake informed decisions about its future.