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The must-read summary of Joseph T. Straub's book: "Understanding Financial Statements: How to Read Income Statements, Balance Sheets, Cash-Flow Statements and Calculate Financial Ratios".
This complete summary of the ideas from Joseph T. Straub's book "Understanding Financial Statements" shows how the ability to understand and analyse financial statements is an essential business skill. Financial statements reflect the financial health of a company, and can be the sole basis for making investment decisions. In his book, the author explains how to understand the most important aspects of your financial statements and how to evaluate the competence and results through comparison.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Understanding Financial Statements" and find out how you can start understanding the financial situation of your company using this easy-to-follow and practical guide.
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Seitenzahl: 17
Veröffentlichungsjahr: 2014
Book PresentationUnderstanding Financial Statements by Joseph T. Straub
Book Abstract
Important Note About This Ebook
Summary of Understanding Financial Statements (Joseph T. Straub)
1. UNDERSTAND THE INCOME STATEMENT
2. UNDERSTAND THE BALANCE SHEET
3. UNDERSTAND THE CASH FLOW STATEMENT
4. CALCULATING FINANCIAL RATIOS
Book Abstract
The ability to understand and analyze financial statements is an essential business skill.
Financial statements reflect the financial health of a company, and can be the sole basis for making investment decisions. For a company’s management, how decisions made will be reflected in the company’s balance sheet can be a major factor when considering the direction the company may take.
The key financial statements are the Income Statement, the Balance Sheet and the Cash Flow Statement. The information contained in these materials can then be used to calculate a wide array of financial ratios. The financial ratios are an excellent way to compare one company to another, as well as to evaluate the competence and results of one management team by comparison with another.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
UNDERSTAND THE INCOME STATEMENT
An Income Statement summarizes a company’s sales revenue and level of profitability for a specified period of time. It categorizes:
The company’s total sales incomeThe costs of the products or services soldThe company’s expensesWhether the company showed a profit or loss for that period