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    How To Read Your Financial Statements
    How To Read Your Financial Statements
    How To Read Your Financial Statements
    Ebook45 pages33 minutes

    How To Read Your Financial Statements

    By Peter Adams

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    About this ebook

    This book is designed to help any business owner come to terms to understanding financial statements in easy to understand language. I have cut out accounting terms as they can be misleading. Learn how to read:

    Balance Sheet
    Profit & Loss Statement
    Cash Flow

    Due to the various accounting software packages available today, most of these programmes have these reports built in.

    Enjoy the book.

    LanguageEnglish
    PublisherPeter Adams
    Release dateAug 2, 2012
    ISBN9781476200132
    How To Read Your Financial Statements
    Author

    Peter Adams

    I help restaurants/cafes improve profitability/cash flows by strengthening operational and financial efficiencies to become more resilient, build a better future and offer fair rewards to their stakeholders. I am a virtual CFO, Accountant, Business Consultant and Coach helping small to large size organizations achieve their goals with my experience handling finances, accounts, business systems, business processes and many types of business documentation writing. I have over 30 years of business experience, culminating in my current position as one of the top qualified CFOs and Business Managers across all industry sectors.

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      Book preview

      How To Read Your Financial Statements - Peter Adams

      tmp_834b05748da8d6b3ccf19f4ccb031c94_60yjnj_html_m722878f9.jpg

      How to Read your Financial Statements:

      Using Simple Approach

      By Peter Adams

      Copyright 2017 Peter Adams

      Smashwords Edition

      Smashwords Edition, License Notes

      This eBook is licensed for your personal enjoyment only. This eBook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return toSmashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      For further information, please feel free to contact me at:

      Wealth Vision Mastery Academy,

      15-19 Portland Street,

      Lincoln, Lincolnshire, UK

      Telephone/Fax – +44 704 560 1772

      Email – admin@wealthvisionmasteryacademy.co.uk

      Table of Contents

      Introduction

      Types of Financial Statements

      Balance Sheet

      Profit & Loss Statement

      Cash Flow Statement

      Attachments

      Introduction

      Small businesses are failing at an alarming rate due to the fact that they have no financial statements available to them to help them to be able to run their business. They have no idea on how much stock they have on hand, they do not know if they are making a profit or loss.

      Preparation and understanding of Financial Statement have some great advantages which mean that your accountant will be happy (there will be no mess for him to fix) plus you have a better chance of obtaining finance should you be wishing to expand.

      Please note that you do not have to have a degree in accounting to understand the financial statements or reports. These statements can be read and understood by anyone who is in business regardless of the type of business or business structure.

      This book is designed to (a) encourage you to get an accounting package that will give you the desired financial statements and (b) how to read and understand the financial statements. There are various interpretations to the financial statements. Regardless of your business structure, the themes are similar. However, the larger companies have more complex financial statements which are more difficult to read and understand due to their various business arms that need to be consolidated. We will

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