The Guide to Understanding Financial Statements

Countless managers with absolutely no financial background and those intimidated by financials enthusiastically welcomed this guide's first edition. Now fully revised, it includes all the new analysis techniques and tax regulations, making it a more invaluable business partner than ever. The Guide's fundamental, accessible approach assumes no prior knowledge of accounting or math, or even business sophistication. Numerous worked-out examples and sample balance sheets clarify explanations, and end-of-chapter questions make the book perfect for self-study and training programs. This edition features new and expanded coverage of cash flow analysis, Subchapter corporations, LIFO/FIFO accounting and profit margin analysis.