Understanding Financial Statements (Penguin business)

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9780140173789: Understanding Financial Statements (Penguin business)

How do you find out whether a company is stable? How can you tell if its dividends show a fair yield? How do you know if it is as profitable as might be expected? This book attempts to explain these, and other questions about the contents of a company's annual report. With the general reader in mind, the author assumes no previous knowledge of accountancy and emphasizes analysis and interpretation rather than accounting techniques. Referring throughout to the published financial statements of actual companies, he explains many important financial and accounting concepts, deals with taxation, audit, profitability and return on investment, liquidity and cash flows, sources of funds and capital structure, and accounting principles and standards.

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