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Home > Business and Economics > Finance and accounting > Accounting > Financial reporting, financial statements > Understanding Accounts: How to Read a Set of Annual Company Accounts
Understanding Accounts: How to Read a Set of Annual Company Accounts

Understanding Accounts: How to Read a Set of Annual Company Accounts


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About the Book

"Understanding Accounts" is a complete finance for non-financial course on a media-rich interactive CD-ROM. It shows how to read a set of company annual report and accounts, including the profit and loss account, balance sheet and cash flow statement. It explains the concepts of gearing, depreciation, cash flow and liquidity, equity and loan capital and the use of accounting ratios to diagnose the health of a business. "Understanding Accounts" is intended for anyone running a business (or looking to invest in a business) who needs to be able to see how well that business is doing; anyone who has to has to assess the health of a business for credit purposes or as a potential supplier; as pre-course work or as an interactive visual aid for finance for non-financial courses; for business studies students at A/AS level or further education needing to understand the concepts of the balance sheet, profit and loss account, cash flow, depreciation, gearing, liquidity, etc. The multimedia takes a new approach in that it combines realistic video drama and extensive interactivity with Nick Rints' financial model, which has been refined through years of successful courses explaining company accounts to non-financial staff in major companies and training and educational institutions. The multimedia is based around the figures of two fictional businesses, Nicholas Industries and Green Valley Caravan Park, seen through the eyes of three colleagues: Stephanie, Neil, a salesman, who is in danger of losing a large contract because the customer has been turned down for credit, and James, who is investing in his brother-in-law's new caravan site.

Table of Contents:
Why do we need published accounts? What is a Balance Sheet - what are Assets and Liabilities? Why do companies borrow? What are the relative merits of using equity and borrowed funds? How do companies (and the tax authorities) treat the purchase of capital items? Why is working capital important in many businesses and why do different companies have different needs? Why is a balance sheet presented the way it is? What happens to profit - especially that retained in the business? Liquidity: How can a company have substantial retained profit, yet still be short of cash? What can we learn from a company's balance sheet? How do we measure Profit? What is the Matching Principle? What are the differences between Cash and Profit? What is meant by different measures of profit and how are they reported? What influences a company's cash position? How can we control cash - especially Working Capital? How can we measure the profitability of a business? What can simple ratios tell us about company performance?

About the Author :
Nick Rints is an experienced financial trainer who has run finance for non-financial management courses at business schools, colleges and corporate training centres for many years. He is also a specialist in business simulations. Adrian Tayler is an award-winning scriptwriter and producer of multimedia training and video programmes.


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Product Details
  • ISBN-13: 9780955206801
  • Publisher: Enlightenment Productions
  • Publisher Imprint: Enlightenment Productions
  • Height: 190 mm
  • Sub Title: How to Read a Set of Annual Company Accounts
  • Width: 135 mm
  • ISBN-10: 0955206804
  • Publisher Date: /12/2005
  • Binding: CD-ROM
  • Spine Width: 18 mm
  • Weight: 120 gr


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