UNDERSTANDING FINANCIAL STATEMENTS: A Guide for Non Accountants - Softcover

Osmanu, Dauda

Softcover

ISBN 10: 1071407678 ISBN 13: 9781071407677

Verlag: Independently published, 2019

Inhaltsangabe

UNDERSTANDING FINANCIAL STATEMENTS A Guide for Non Accountants is authored by an experienced accountant who has a degree in B.Com and is also a member of ACCA. Other books written are LET THE CASH FLOW A Step by Step Guide on Preparing Statement of Cashflows IAS 7 and CASH TALKS A Step by Step Guide on Preparing Statement of Cashflows IAS 7.

This book,UNDERSTANDING FINANCIAL STATMENTS... is written for the investor or business owner with very little or no background in accountancy. The aim of the book is to serve as a basic guide for users on how to read and understand financial statements of a limited liability company.

An appreciation of financial statements has a number of benefits including the following:(i)It will help owners of businesses to know whether or not their business is doing well(ii)Investors will be able to analyse the performance of a company and perhaps decide on what next to do about their investment in the company(iii)Creditors will also be able to determine whether a client can repay their debt or whether they should extend more credit to the client or refuse a credit request .

The book starts by discussing the elements and components of financial statements. These are defined and explained with examples. How these elements increase or decrease are explained with the duality concept. Also the relationship between these elements are discussed using the accounting equation.Trial balance is defined, illustrated and its significance in preparing financial statements explained. Statement of Profit or Loss (otherwise known as profit and loss account) and the Statement of Financial Position (alternatively referred to as balance sheet) are explained and illustrated for both single entity and group companies.The book further looks at the role of directors and auditors regarding the preparation of the financial statements.

Details zur Ausgabe

• Verlag: Independently published
• Erscheinungsdatum: 2019
• Sprache: Englisch
• ISBN 10: 1071407678
• ISBN 13: 9781071407677
• Einband: Taschenbuch
• Anzahl der Seiten: 71
• Kontakt zum Hersteller: Manufactured by Amazon on behalf of the author; https://www.amazon.de/hz/contact-us; ; c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy; Luxembourg; L-1855; Luxemburg