All About Balance Sheets : The Easy Way

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This book helps understand the technicalities involved in balance sheet in a most comprehensible manner.

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M K Rustomji - Formerly CEO, Tata Engineering & Locomotive Company. C Northcote Parkinson - Author of several best-sellers including Parkinson’s Law, he taught in universities like Harvard, Liverpool and Illinois.Table of ContentsIntroduction • Accounting jargon made understandable • What a company owns - Assets • What a company owes - Liabilities • If you can understand these three statements, you have got the hang of the balance sheet • Relationship between borrowings and total stockholders’ funds or debt-equity ratio • The disadvantage of too much cash • Why it is more economical to borrow money than to issue more stock • What investors and creditors look for in a company • Depreciation or provision for wear and tear of fixed assets • What is an income statement • What lessons can we learn from the reserves of a company • Balance sheet and income statement - What it boils down to • Things about an enterprise which a balance sheet and income statement can never show • Summary - What is the use of a balance sheet and income statement?