By Joseph T. Straub
This can be one rather nice ebook in a powerful sequence of guides. every thing you want to understand to have a passing familiarity with accounting statements is gifted in effortless learn and comprehend style. After studying this ebook, you should use and comprehend a number of the extra uncomplicated jargon of industrial, funding and finance.
As is the culture with each nice company publication, the textual content ends with bankruptcy 7 (you be aware of, of financial ruin fame!). every one bankruptcy offers 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 absolutely, and gives a number of examples of its use in real company perform. even if the e-book is a narrow quantity, it packs loads of details, being short, to the purpose and insightful all whilst. also, its small measurement additionally implies that it's going to now not absorb an excessive amount of house on one's shelf of must-have and must-keep books.
I hugely suggest this booklet to someone having the necessity to comprehend monetary statements at a look. readers also needs to try out a number of the different titles within the Agile supervisor sequence that may be important.
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3. Low turnover caused by the wrong selection of inventory means management may be out of touch with what the company’s customers want to buy—stubbornly trying to sell them widgets when they really want gadgets, for example. B T Financial Analysis: Number-Crunching for Profit 53 What if turnover’s high? A turnover that’s higher than the industry average may mean that the company’s doing a better marketing job than its competitors, and that would be cause to throw a party. But before management starts sending out invitations, a high turnover could also mean that the business is stocking a lower average inventory than it should and not buying in large quantities.
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Your library should have a copy. ) 48 THE AGILE MANAGER’S GUIDE TO UNDERSTANDING FINANCIAL STATEMENTS One more tidbit. Remember that what’s considered good performance in one industry may be not so good in another. It depends on the nature of the business itself. Retailing businesses, for example, are very different creatures from cement producers, computer manufacturers, or companies that write software. Each group of animals in the business zoo has distinct norms and behavior. Financial Voyeurism Think of the calculations you’re going to learn about as individual windows you can look through.