How to Keep Score in Business Accounting and Financial Analysis for the Non-Accountant

Name: How to Keep Score in Business Accounting and Financial Analysis for the Non-Accountant
Price: 5.14 USD
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ISBN: 9780132849258

ISBN-10: 0132849259

ISBN-13: 9780132849258

Edition: 2nd 2012

Authors: Robert Follett

List price: $19.99

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Description:

InHow to Keep Score in Business, Second Edition, long-time CEO Robert Follett shows you exactly how to "keep score" in business by reading and interpreting company financials. Step by step, Follett helps you capture crucial insights buried in balance sheets, income statements, and other key reports. Follett shows how to apply core tools for analyzing financial reports and investment opportunities, and demystifies key accounting terms every business decision-maker and investor needs to know. You'll learn how to uncover a company's true financial position through its balance sheet and income statements–and identify crucial information those documents may not be showing. Follett demonstrates…

Book details

List price: $19.99
Edition: 2nd
Copyright year: 2012
Publisher: FT Press
Publication date: 1/10/2012
Binding: Paperback
Pages: 192
Size: 6.25" wide x 9.25" long x 0.50" tall
Weight: 0.594

Robert Follett(Dillon, Colorado) was formerly President of Follett Publishing Company and Vice Chairman of Follett Corporation.




Introduction


The First Lesson: Scores Are Not Real Dollars


The Accrual Method


But Scores Are Important



Glossary of Key Financial Accounting Terms


Glossary



The Balance Sheet


The Balance Sheet Balances


Acme Widget Company


Acme Widget's Year-End Balance Sheet


A "Trial Balance"


Constructing the Balance Sheet


Summary



More Balance Sheet


Cost Versus Value


Intangible Assets


Goodwill


Reserves and Allowances


The Going Concern Assumption


Estimates Are Everywhere


Purpose and Perspective


Current Versus Noncurrent Balance Sheet Items


Working Capital


Average Collection Period


Inventory Turnover



Still More Balance Sheet


The Worksheet for Transactions


Trial Balance Worksheet


The Balance Sheet


Analyzing the Balance Sheet


Balance Sheet Summary



The Income Statement


The Basic Income Statement


Acme Widget's First-Year Income Statement


More on Cost of Sales


Nonoperating Income and Expense


Acme Widget's Second-Year Income Statement


Reconciliation of Retained Earnings


Analyzing Income Statements


Complicating Cost of Sales


Summary of the Income Statement



Return on Investment (ROI)


Return on Equity (ROE)


Return on Invested Capital (ROIC)


Return on Assets Used (ROAU)


Cash-on-Cash Return


Payback Method


Discounted Cash Flow or Present Value Method


Summary



Changes in Financial Position


Summary



Cash Flow Budget


Summary



Other Analysis Ratios and Tools


Profit as a Percentage of Sales


Breakeven


Current Ratio


Acid Test or Quick Ratio


Debt-Equity Ratio


Earnings Per Share


Price-Earnings Ratio



A Summary of What You Have Learned


The Balance Sheet


The Income Statement


Statement of Changes in Financial Position


Cash Flow Budget


Analyzing Financial Reports


Conclusion



Acme Widget Company



Present Value Tables