Название: Financial Statements
Автор: Ittelson Thomas
Издательство: Альпина Диджитал
Жанр: Самосовершенствование
isbn: 9781601638618
isbn:
• How an enterprise can be rapidly growing, highly profitable and out of money all at the same time…and why this state of affairs is fairly common.
• Why working capital is so very important and which management actions lead to more, which lead to less.
• The difference between cash in the bank and profit on the bottom line, and how the two are interrelated.
• When in the course of business affairs a negative cash flow is a sign of good things happening… and when it’s a sign of impending catastrophe.
• Limits of common product costing systems and when to apply (and, more importantly, when to ignore) the accountant’s definition of cost.
• Why a development investment made today must return a much greater sum to the coffers of the company in later years.
• How discounts drop right to the bottom line as lost profits and why they are so very dangerous to a company’s financial health.
• How risk is different than uncertainty, and which is worse.
• Why a dollar in your pocket today can be worth a lot more than a dollar received tomorrow.
• The necessity (and limitation) of forecasting cash flows over time when making capital investment decisions.
• When to use NPV analysis and when to use IRR, and why it is important in capital investment decision-making.
To be effective in business, you must understand accounting and financial reporting. Don’t become an accountant, but do “speak the language” and become intuitively comfortable with the accounting model of the enterprise.
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