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Informationen zum Autor Ronald C. Spurga , CFP, has worked as an investment banker and Wall Street analyst for several decades. He received his graduate degree from Dartmouth College and taught at Rutgers University, Fordham University, and New York University. Klappentext The balance sheet is the most basic tool of financial management, yet to most of today's nonfinancial managers it is a complete mystery. In Balance Sheet Basics, Ronald Spurga takes you step by step through the balance sheet to explain not only the line items and what they mean, but also how to interpret ratios derived form the balance sheet, providing an indispensable road map to good financial management. More importantly, you'll find page after page of information that will show you how to improve your 401(k), invest successfully, and increase your net worth. Zusammenfassung The balance sheet is the most basic tool of financial management! yet to most of today's nonfinancial managers it is a complete mystery. In Balance Sheet Basics! Ronald Spurga takes you step by step through the balance sheet to explain not only the line items and what they mean! but also how to interpret ratios derived form the balance sheet! providing an indispensable road map to good financial management. More importantly! you'll find page after page of information that will show you how to improve your 401(k)! invest successfully! and increase your net worth. Inhaltsverzeichnis Balance Sheet Basics Preface 1. What is Financial Management? Getting the Financial Resources You Need Making a Profit-Your Basic Obligation Managing Assets The Tools of Financial Management Accounting records Financial reports Techniques for analyzing financial statements 2. Financial Statements The Balance Sheet Assets Current assets Fixed Assets "Other" Assets Liabilities Equity Valuation accounts Accounts recievable Losses in the value of inventions Fixed assets Some Examples The Profit-and-Loss Statement: A Retailer of Wholesaler Sales Cost of goods sold Selling Expenses General and administrative expenses Nonoperating income Profit-and-Loss Statement of a Small Manufacturer Raw materials Direct labor Manufacturing overhead Interpreting the Profit-and-Loss Statement Use With Caution! 3. Ratio Analysis of Financial Statements Businesses are not exactly comparable Ratios are computed for specific dates Financial statements show what has happened in the past The ratios are not ends in themselves Measure of Liguidity The current ratio Working capital The acid-test ratio Average collection period Inventory turnover Measures of Profitablity Asset earning power Return on the owner's equity Net profit on sales Investment turnover Return on investment (ROI) Common-size Financial Statements Using the Ratios 4. Control in Business Managemen Success or Failure Relates to How Management Manages Those Who Succeed Business Ratios and How They Work Statements Reveal Important Relationships Three Kinds of Ratios Ten Key Ratios 1. Current assets to current liabilities 2. Current liabilities to tangible net worth 3. Net sales to tangible net worth 4. Net sales to working capital 5. Net profits to tangible net worth 6. Average collection period of receivables 7. Net sales to inventory 8. Fixed assets to tangible net worth 9. Total debt to tangible net worth 10. Net profit on net sales Analyzing the Profit-and-Loss (Income) Statement Net sales Cost of goods sold Gross profit on sales Selling expenses Operating profit General and administrative expenses Financial expenses Other operating expenses and income Extraordinary charges (if any)...
Auteur
Ronald C. Spurga, CFP, has worked as an investment banker and Wall Street analyst for several decades. He received his graduate degree from Dartmouth College and taught at Rutgers University, Fordham University, and New York University.
Texte du rabat
The balance sheet is the most basic tool of financial management, yet to most of today's nonfinancial managers it is a complete mystery. In Balance Sheet Basics, Ronald Spurga takes you step by step through the balance sheet to explain not only the line items and what they mean, but also how to interpret ratios derived form the balance sheet, providing an indispensable road map to good financial management. More importantly, you'll find page after page of information that will show you how to improve your 401(k), invest successfully, and increase your net worth.
Contenu
Balance Sheet BasicsPreface
1. What is Financial Management?
Getting the Financial Resources You Need
Making a Profit-Your Basic Obligation
Managing Assets
The Tools of Financial Management
Accounting records
Financial reports
Techniques for analyzing financial statements
2. Financial Statements
The Balance Sheet
Assets
Current assets
Fixed Assets
"Other" Assets
Liabilities
Equity
Valuation accounts
Accounts recievable
Losses in the value of inventions
Fixed assets
Some Examples
The Profit-and-Loss Statement: A Retailer of Wholesaler
Sales
Cost of goods sold
Selling Expenses
General and administrative expenses
Nonoperating income
Profit-and-Loss Statement of a Small Manufacturer
Raw materials
Direct labor
Manufacturing overhead
Interpreting the Profit-and-Loss Statement
Use With Caution!
3. Ratio Analysis of Financial Statements
Businesses are not exactly comparable
Ratios are computed for specific dates
Financial statements show what has happened in the past
The ratios are not ends in themselves
Measure of Liguidity
The current ratio
Working capital
The acid-test ratio
Average collection period
Inventory turnover
Measures of Profitablity
Asset earning power
Return on the owner's equity
Net profit on sales
Investment turnover
Return on investment (ROI)
Common-size Financial Statements
Using the Ratios
4. Control in Business Managemen
Success or Failure Relates to How Management Manages
Those Who Succeed
Business Ratios and How They Work
Statements Reveal Important Relationships
Three Kinds of Ratios
Ten Key Ratios
*1. Current assets to current liabilities