Accounting Simplified

Contents: Preface. 1. Balance Sheets Can Be Interesting and Revealing. 2. Why You Must Understand the Income Statement? 3. Check the Financial Health of Your Organization. 4. Day-to-Day Transactions and Their Effect on Financial Statements. 5. Using Cash Flows Statement for Better Decisions. 6. Analysis of the Much-Hyped Break-Even. 7. The Cost of Right Decisions.

Accounting Simplified is a manager’s guide to accounting for making effective corporate decisions. The accountant’s lingo consists of difficult language and financial jargons existing in the mainstream literature of finance. Understanding P&Ls, costing, balance sheet, income and cash flows statements for a fresh graduate or a rookie manager from a non-financial background can be challenging, leading to total disinterest in the area or dependency on finance managers or even erroneous decision-making. This book will help managers in understanding the analysis of balance sheet, statement of profit and loss and cash flows statement. It includes case studies of financial statements of major listed companies and checklists to understand the financial health and performance of the organization. The book will help young managers, accounting executives and academicians use accounting insights for improving business performance.