Understanding the Financial Score

Understanding the Financial Score

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Financial statements and information drawn from them confront us daily: in the media, in corporate annual reports, in the treasurerAca‚na„cs reports for clubs or religious groups, in documents provided to employees and managers, as one considers alternative investments, in documents provided by homeownersAca‚na„c association and government agenciesVarious readers of a companyAca‚na„cs Aca‚nA“financial scoreAca‚n make decisions based on financial information: the companyAca‚na„cs managers devise actions to improve operations; investors buy or sell the corporationAca‚na„cs securities; creditors decide how much to lend; customers judge the reliability of this supplier; potential employees decide whether to invest their careers in the company.If you are training to be an accountant, find another book. This bookAca‚na„cs objective is to increase your ability to draw useful information from financial statements, and thus to make better decisionsAca‚na€in both your personal life and your professional life. Studying this book should help you be a better manager. That is both its objective and its perspective.The book starts at square one; it assumes no prior knowledge on your part. To increase your financial literacy, you will learn the common nomenclature (but not esoteric jargon) used by accountants and financial experts. You will be equipped to ask insightful questions of experts, to engage them and your colleagues in thoughtful debates about financial and accounting issues, and to make better decisions.Indirect labor included in overhead consists of wages and benefits paid to secretarial and other support staff, some portion ... Plumbers and auto mechanics a€”as well as lawyersa€”take much abuse for theirhigh hourly rates, but bear in mind thatanbsp;...

Title:Understanding the Financial Score
Author: Henry E. Riggs
Publisher:Morgan & Claypool Publishers - 2007

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