Meet Your Balance Sheet
In This Chapter
• The importance of financial statements
• Assets and liabilities: how money flows through a business
• A tour through the balance sheet accounts
Money constantly flows through a company, and someone has to keep track of it. That’s why God made accountants. Someone also has to make sure the company makes decisions that make money. That’s where financial managers come in.
Accountants and financial managers have special ways of analyzing the health and growth of a company. They mainly use numbers, and they present these numbers in financial statements. Financial statements are the most important way you can understand and analyze a company. As a manager, you must understand these statements to ...