Synopsis
As statements of a company's financial condition, balance sheetscontain information vital to owners, investors, and financialmanagers who are charged with assessing company performance. Oftencomplex and difficult to interpret, balance sheets are nonethelessessential because they help pinpoint business problem areas.Understanding Balance Sheets explains in a clear and concise mannerall the major aspects of this important business tool, making ityours to implement easily and successfully.
Written by two financial and accounting authorities, this hands-onworking reference enables you to understand a company's balancesheet within the context of its annual report. You'll find detailedinformation on:
* Exactly what a balance sheet is, how it works, and how it's usedto increase profitability
* The individual components: receivables, cash, inventory,long-lived assets, current payables, long-term debt, and equity
* How these different elements relate to each other, how they comeinto being, and how they should be controlled in your business
* How accounting data is created, accumulated, and used in thedevelopment of financial statements
Whether you're new to balance sheets, need a quick refresher, orrequire a knowledge that goes beyond the basics, this guide has itall. Understanding Balance Sheets is a thorough, accessiblereference that you can't afford to be without if you need to get ahandle on this essential financial tool.
Get a handle on balance sheets with this comprehensive referencethat gives you the basics and beyond
From the authors who brought you indispensable guides to suchfinancial fundamentals as cash flow, income statements, and returnon investment comes a book that clarifies and explains theintricacies of another important tool: the balance sheet. Coveringall its major aspects, Friedlob and Plewa give you a broadunderstanding of its individual elements, the related disclosurescontained in an annual report, and the methods used to analyze acompany's balance sheet. Here's where to turn for valuableinformation on:
* Receivables, inventories, intangibles, short-term investments,and other components of a balance sheet
* How current liabilities create spontaneous financing when abusiness grows
* General purpose financial statements and widely acceptedaccounting principles
* The time value of money
* Analyzing the balance sheet through comparative and ratioanalysis
Straightforward, comprehensive, and easy to follow, this is theguide you'll want for a complete overview of this vital businesstool.
About the Author
GEORGE T. FRIEDLOB is a Professor and Faculty Fellow of theInstitute of Internal Auditors Research Foundation in the School ofAccountancy at Clemson University. He has received numerousacademic and professional awards, and is the author and editor of awide variety of professional publications.
FRANKLIN J. PLEWA, Jr., is a Professor of Accounting at Idaho StateUniversity College of Business. The recipient of honors and awardsfor both teaching and research, he is the author of many books andarticles. He is the coauthor with George T. Friedlob of Keys toImproving Your ROI, Understanding Cash Flow, and UnderstandingReturn on Investment.
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