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Accounts Demystified: The Astonishingly Simple Guide To Accounting (7th New edition)

Accounts Demystified: The Astonishingly Simple Guide To Accounting (7th New edition)

By: Anthony Rice (author)Paperback

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Description

The bestselling and astonishingly simple guide to the fundamental principles of accounting, written specifically for those without a financial background. Simple, easily absorbed and clearly explained, this book will guide you through all the major accounting concepts. You will learn how to master company accounts, understand balance sheets, profit and loss accounts and cash flow systems and how to analyse and monitor your company's financial performance.

About Author

Anthony Rice is not an accountant. He learned accounting the hard way - by keeping accounts for his own company. Having subsequently spent much of his time analysing companies, first as a strategy consultant and more recently when looking for businesses to buy, he has some valuable insights into financial analysis.

Contents

About the author Preface Acknowledgements PrologueIntroductionPart 1: The Basics of accounting 1 The balance sheet and the fundamental principleAssets, liabilities and balance sheetsSarah's 'personal' balance sheetThe balance sheet of a companyThe balance sheet chartSummary2 Creating a Balance SheetProcedure for creating a balance sheetSBL's balance sheetThe different forms of balance sheetBasic concepts of accounting Summary3 The profit & loss account and cash flow statementThe profit & loss accountThe cash flow statement'Definitive' vs 'descriptive statementsSummary4 Creating the profit & loss account and cash flow statementCreating the profit & loss accountCreating the cash flow statementSummary5 Accounting in practiceMore essential conceptsSetting up your softwareAccounting in a simple worldAccounting in the real world"Proving" your balance sheetSummaryPart 2: Interpretation and analysis of accounts 6 Wingate's Annual Report Different types of accountsThe reportsAssetsLiabilitiesShareholders' equityThe P&L and cash flow statement7 Financial Analysis: introductionThe ultimate goalThe two components of a companyThe general approach to financial analysisWingate's highlightsSummary8 Analysis of the enterpriseReturn on capital employedThe components of ROCEWhere do we go from here?Expense ratiosCapital ratiosSummary9 Analysis of the funding structureThe funding structure ratiosLenders' perspectiveGearingShareholders' perspectiveLiquiditySummary10 Valuation of companiesBook value vs market valueValuation techniquesSummaryPart 3: Listed company accounts11 Listed company accounts: introductionIntroductionThe primary statementsTerminology and jargonAccounting standardsFair value vs historical costSummary12 Interpretation of Listco's accountsIntangible assetsGroups of companiesAccounting for subsidiariesAccounting for associates and joint ventures Property, plant and equipment Capital / FundingEquityDebtFinancial instrumentsForeign currenciesHedgingPensionsCorporation taxShare buybacks / Treasury sharesShare-based paymentsEarnings per shareConclusionGlossary Appendix 1: Wingate Foods' accountsAppendix 2: Listco's accountsIndex

Product Details

  • ISBN13: 9781292084848
  • Format: Paperback
  • Number Of Pages: 328
  • ID: 9781292084848
  • weight: 602
  • ISBN10: 1292084847
  • edition: 7th New edition

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