This is an essential Made Easy guide for all those non-accountants who want to understand and be able to interpret business accounts. Whether you are a sole trader, partner or company director, you have a duty to be able to understand your accounts, so you can make informed decisions about the future of your business, as well as comply with tax regulations. Professional accountants may prepare your accounts, but you need to understand and act on them. In this book, author David Rouse explains what goes into, and what you can get out of, annual and management accounts, drawing on his many years experience of advising business owners, managers and staff at all levels. This guide will also prove very useful to students, investors and those who look after accounts for clubs and other organisations. It includes: Trading and profit and loss accounts; Balance sheets; Company accounts; Reviewing accounts; Management accounts; Creative accounting; Case studies illustrating how to review and interpret accounts; Example accounts of sole traders, partnerships and small companies; Checklists for reviewing accounts, valuing stock and troubleshooting.
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David Rouse is a Fellow of the Institute of Chartered Accountants, with many years experience of advising businesses and other organisations on accountancy and related financial matters. He has worked for major national and international accountancy firms and he has also run his own small practice. He now provides technical consultancy services and writes in-house manuals for other accountants in practice.
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