Understanding accounts just got easier There has never been a time
when managers have been more exposed to financial statements than
they are today. Even if you are a non-financial manager, you will
often be involved in budgeting and regular financial reporting. You
are expected to understand the accounts put in front of you and to
contribute to the analysis and interpretation of the figures. It is
important that you understand the principles of analysing and
interpreting accounts. You will then be able to deal with
questionsabout the performance of your business and your customers'
businesses. Understanding and Interpreting Accounts In A Week is
written for managers who need to answer these questions. By setting
aside a little time each day for a week, you will greatly increase
your understanding of accounts and how to interpret them. - Sunday:
The right approach - Monday: An introduction to accounts - Tuesday:
The profit and loss account or income statement - Wednesday: The
balance sheet or statement of financial position - Thursday: Using
ratios to interpret accounts - Friday: Cash flow statement and
group accounts - Saturday: The reports
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