Book II
Accounting and Financial Reports
Reading financial reports can seem slightly scary, but it doesn’t have to be. Check out a free online article containing additional tips on the subject at www.dummies.com/extras/bookkeepingaio.
In this book …
- Look at the three most important documents: the balance sheet, the income statement, and the statement of cash flows
- Learn the correct way to report profit
- Understand business structures, from sole proprietorships to different types of corporation
- Learn how to read a balance sheet to find assets, liabilities, and equity
- Determine a company’s expenses and analyze profits and losses
- Examine the statement of cash flow
- Keep up to date on accounting and financial reporting standards
- Take a close look at the cost of goods sold and depreciation expenses
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