Financial Statements Demystified

'Financial Statements Demystified takes the reader simply and lucidly through the elements of financial statements and ratio analysis and the theories and assumptions upon which accountancy is based.'Trevor SykesIf you want to know an organisation, you must be able to 'read' its financial statements-its profit and loss, balance sheet and cash flows. Yes, they may well be deliberately prepared to bamboozle and bewilder you. But there are ways to demystify them, to interpret their secrets and so to make sound business or financial decisions.Now in its third edition, Financial Statements Demystifiedhas set a standard in clarity and insight, offering readers the skills they need to understand and to assess financial statements. The keys are its transparent explanation of accounting information and its illuminating use of critical financial ratios. This revised edition has been updated and expanded using the International Accounting Standards. This recognises the world-wide trend toward common accounting standards. Australian Accounting Standards are still included and reference is made to US and UK standards.Financial Statements Demystifiedis the ideal book for investors, lenders, corporate advisers and directors who have not yet mastered the mysteries of financial statements. It is also an equally valuable guide to the performance of both your own business and those with whom you do business.Hey-Cunningham, David is the author of 'Financial Statements Demystified', published 2002 under ISBN 9781865086606 and ISBN 1865086606.