By reading this chapter, you will…
- Acquire the tools necessary to understand and execute appropriate accounting procedures.
- Understand the structure and purpose of the three primary financial statements: Balance sheet, income statement and cash flow statement.
- Understand the basic language of business, such as cost of sales, expenses, bad debts, fixed assets, and the difference between cash and profit.
- Analyze financial information and make better decisions using ratios such as balance sheet ratios, net profit per share and return on equity.