Understanding Company Financial Statements

Description

Classic backlist title - has been in print since 1972, selling over 120,000 copies to date This concise and informative guide to the financial statements of companies has been thoroughly revised and updated for this new edition. The language of accounting and finance is presented in a clear and accessible manner. No previous knowledge of accountancy is assumed and the emphasis is on analysis and interpretation rather than accounting techniques. Referring throughout to the financial statements of actual companies, Professor Parker shows not only how to read a balance sheet but also what investors should look out for. He explains many important financial and accounting concepts, and deals with taxation, audit, profitability and return on investment, liquidity and cash flows, sources of funds and capital structure.

Professor R H Parker is Professor of Accounting at the University of Exeter. He is the author of numerous books and articles on accounting, and is the former Accounting and Business Research, published by the Chartered Accountants of England and Wales.