FT Guide to Interpreting Company Reports and Accounts

This book explains how to read and use company accounts, by guiding the reader through the accounts and providing the tools to interpret them to help make better decisions. *Looks at the key components of company accounts and introduces basic analysis. *Shows how to use this knowledge day-to-day.

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.