Softcover

ISBN 10: 0273607278 ISBN 13: 9780273607274

Publisher: Pitman Publishing, 1994

Solving the problem by not only guiding readers through the accounts but also by providing the tools to help them interpret them and make informed decisions, the book begins by illustrating the information to be found in the accounts and looks at the key elements of financial statements. It looks at each statement in the accounts, identifies what they tell readers and explains how to read the relevant notes in both UK and overseas accounts.

From the Back Cover:

The non-financial manager's expert guide to corporate accounts.

* Don't just read corporate accounts: interpret them accurately, and use them to make the best possible decisions.
* How to use financial ratios — and what they don't tell you.
* Using financial analysis to understand your suppliers, customers, competitors, and acquisition targets.

Every senior manager should be able to understand company accounts, yet many find it a daunting task.

This book shows you how.

You'll discover what you'll find in a set of accounts, and how to analyze that information to discover how any company is performing. Wendy McKenzie walks you through a complete set of company accounts, explaining what you'll find, what the documents are trying to tell you, the judgments involved in preparing the documents, and key differences in accounting between the US, UK, and other countries.

You'll learn how to approach and structure your analysis, which ratios to use — and what the ratios don't tell you. Finally, you'll learn how to use the information you generate, to make decisions about suppliers, customers, competitors, and potential acquisition targets.

For non-financial managers who need to understand company accounts in order to make better decisions.

About the Author:

Wendy McKenzie founded MTA - McKenzie Training Associates, a financial training consultancy, over twenty years ago. She has an international reputation as a financial trainer, working with a range of campanies and organizations. She is author of a number of tuition guides on all aspects of finance and a textbook Unlocking Company Accounts.