The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition

Divided by a common language

This is intended to be a truly international book. Two times two is four anywhere in the world (with one exception), and a profit, by any other name, would smell as sweet. True, government regulations and accounting rules vary, but the information that managers need does not. Moreover, accounting standards are slowly coming into line internationally – and this book looks at how these developments might affect you. The largest problem is nomenclature. One person’s profit and loss account is another’s income statement. Such variations are explained when first encountered in the text, and summarized in the glossary. But ...