Financial and Business Statements
Importance of classified information Statistical and graphical statements Auxiliary statements Analysis and interpretation of income statements Consolidated income statements Valuation and interpretation of fixed assets Valuation and interpretation of intangible assets Valuation and interpretation of current assets Valuation and interpretation of deferred assets Treasury stock and its treatment Interpretation of liabilities Surplus, reserves and dividends Sinking funds and other funds Relation of working capital and income to assets Consolidated balance sheets Private budgets Municipal budgets Interpretation of professional reports
The business man must understand accounting as far as he uses accounting knowledge in interpreting the progress of his business.
He wants not so much the details of accounting technique as the information necessary to enable him to use his accounting records properly. No one can expect to succeed in a big way without the ability to read financial and business statements—both on the lines and between the lines.
In every business the executive deals with a great variety of reports, statements, statistics and charts. This volume is designed to set forth the principles and to describe the methods by which they should be interpreted.
In the discussion of private and public budgets is included data that will be of the utmost value to every business man. You will find a thorough discussion of budget making and a clear outline of what should and what should not be done.
Instructions for the analysis of the reports and financial statements of industrial organizations and railway companies are set forth.