The Business Owner's Guide to Reading and Understanding Financial Statements

The Business Owner's Guide to Reading and Understanding Financial Statements will introduce managers and business owners to various types of financial statements and explain why they are important. Serving as a desktop reference, especially for managers without a strong background in finance, this book will discuss the difference between internal and external financial statements and explain how they can be used for financial decision-making in order to avoid common missteps. Whether you're planning for major capital projects or simply managing the financial aspects of your department, this nontechnical, results-driven guide will arm you with the fundamentals to manage assets and track inventory and gauge profitability. It also teaches you how to monitor success throughout the year using internal reporting.