Description
Business is the language of numbers, but not everyone in businesses understands how to read the myriad of financial statements that are necessary. Author Norb Schwarz provides readers with accessible information to understanding financial statements such as annual reports, cash flow statements, income statements, balance sheets and so much more. NORBERT E. SCHWARZ Principal of the Family Business Consulting Group, Inc. and has been working with family businesses for over thirty years. In addition, he has been an elected delegate to two White House Conferences on Small Business and has served on the Economic Advisory Committee of the Kansas City Federal Reserve Bank. Introduction What Are Annual Reports All About? Overview of the Annual Financial Statement The Balance Sheet: Overview The Balance Sheet: Assets The Balance Sheet: Liabilities and Owners’ Equity The Balance Sheet: Five-Year Comparisons Income Statement The Statement: Five-Year Comparisons The Cash Flow Statement Financial Ratios and Analysis Tools Aftermath The Next Steps Accounting Terms Index
