Publisher's Synopsis
This work 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. It offers 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 recognizes the world-wide trend toward common accounting standards.;Australian Accounting Standards are still included and reference is made to US and UK standards. The book is 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 to those you do business with.
