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    How to Read (and Understand) Financial Statements
    How to Read (and Understand) Financial Statements
    How to Read (and Understand) Financial Statements
    Ebook37 pages20 minutes

    How to Read (and Understand) Financial Statements

    By Barbara Frank

    3.5/5

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    About this ebook

    Regardless of why you decided to go out on your own, building a sustainable business is about managing money. As an owner, you have to manage the financial aspects of your business by balancing costs with potential returns. Financial reports provide information not always visible on the surface. Much like x-rays reveal indications about physical health, financial statements tell you about your fiscal health. And just as a doctor learns to interpret x-rays, you too can learn to read and interpret financial statements. "How to Read (and Understand) Financial Statements" is a financial primer for the non-financial person. It is simple, quick, and explains how all the pieces fit together. When you understand how each decision impacts other areas of your business, you can make informed decisions every day. Focused only on simplifying the basics without confusing jargon, this primer will walk you through a balance sheet and an income statement step by step. Built upon the proven power of Business Buffet's educational tutorials, you can learn to read your financial statements without investing a huge amount of time or effort. This basic accounting information is designed to provide the accounting language and framework so small business owners, educators, governments and other stakeholders can replace their fear of finance with confidence, clarity, and effective decision-making. We believe in being precise and concise. You'll get simple, easy-to-understand definitions and explanations so you can happily keep practical records AND understand them. Better understanding of financial statements means that your small business can be more sustainable! Our educational model has worked for thousands of people from all walks of life including newcomers, business development groups, and business people of all ages and at all stages - and it can work for you as well! Business Buffet's solid history proves it!

    LanguageEnglish
    PublisherBarbara Frank
    Release dateJun 22, 2013
    ISBN9781301890040
    How to Read (and Understand) Financial Statements
    Author

    Barbara Frank

    I wish I could tell you that I'm a financial genius. Actually, although I am a teacher in the traditional sense, I'm also a graduate of the Shoebox School of Accounting. This is where I learned to save all my paperwork and receipts until the end of the year, just in time for my accountant to prepare my taxes. I now understand that there's much more to this than simply paying the government, and it's exciting to be able to crack the code! So how did a non-financial person find herself producing a financial tutorial? Simple, I was paid to do it! What I learned in the process was the key that unlocked the mystery for me… and it can do the same for you too. If you're like most people, your eyes glaze over when the subject of accounting comes up. After all, what IS the difference between a Balance Sheet and a Profit and Loss Statement and why should I care? (I had a feeling that I should know this stuff, but I would shut down mentally when the topic was mentioned, all the while feeling "fiscally challenged" by my ignorance). Simplifying Information: After leaving teaching, I worked in advertising and communication where I learned to condense information into shorter, simpler language. When I got into digital video, I discovered the added power of visuals to shorten the message and to reach more people. When I studied adult learning styles, I found out that most people learn better in little bites, or chunks, using various senses (multisensory methods), and being encouraged to apply what they learned right away so it is actually relevant. Most people don't need to know everything about a subject—just enough to make a more intelligent, more informed decision. When I introduced "whole brain" visual communication to companies, they were intrigued by my ability to deliver the most information to the broadest possible audience in quick, clear, and painless manner. That's how I got into financial communication. Who could need a series of quick, condensed, and simplified information? I did, and so do other solopreneurs, business beginners, non-financial practitioners, bank customers, etc. One minute in human resources, the next in marketing, sometimes legal, always sales and of course, finance… should juggling priorities require us to become jack of all trades (yet master of none? A banker, whose title was Director of Innovation, saw the unique potential of this...

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    3.5/5

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    • 5/5
      Great ad book, now Lets earn some cash mates $ hehe
    • 5/5
      good enough for just 37 pages , got a lot of it.

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