Skip to Main Content
Business Skills All-in-One For Dummies
book

Business Skills All-in-One For Dummies

by Kate Burton
April 2018
Beginner content levelBeginner
720 pages
19h 31m
English
For Dummies
Content preview from Business Skills All-in-One For Dummies

Chapter 1

Introducing Financial Statements

IN THIS CHAPTER

check Identifying the information components in financial statements

check Evaluating profit performance and financial condition

check Knowing the limits of financial statements

check Recognizing the sources of accounting standards

In this chapter, you get interesting tidbits about the three primary business financial statements, or financials, as they’re sometimes called: the income statement, the balance sheet, and the statement of cash flows.

For each financial statement, we introduce its basic information components. The purpose of financial statements is to communicate information that is useful to the readers of the financial statements, to those who are entitled to the information. Financial statement readers include the managers of the business and its lenders and investors. These constitute the primary audience for financial statements. (Beyond this primary audience, others are also interested in a business’s financial statements, such as its labor union or someone considering buying the business.) Think of yourself as a shareholder in ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Career Development All-in-One For Dummies

Career Development All-in-One For Dummies

Consumer Dummies
Business Essentials, 12/e

Business Essentials, 12/e

Ronald J. Ebert, Ricky W. Griffin
Delivering Business Analysis

Delivering Business Analysis

Debra Paul, Christina Lovelock

Publisher Resources

ISBN: 9781119473978Purchase book