The investor or lender is putting money at risk. To be successful, both need to know the extent and magnitude of these risks. This title points out some of the shortfalls of traditional accountancy and explores some of the basic mechanisms and cycles that direct a business operation, with heavy emphasis on cash flow. Traditional methods do not focus on these crucial aspects and tend to disguise their importance and effect. There are some elementary but thought-provoking comments on the risk and reward equation'', the ...
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The investor or lender is putting money at risk. To be successful, both need to know the extent and magnitude of these risks. This title points out some of the shortfalls of traditional accountancy and explores some of the basic mechanisms and cycles that direct a business operation, with heavy emphasis on cash flow. Traditional methods do not focus on these crucial aspects and tend to disguise their importance and effect. There are some elementary but thought-provoking comments on the risk and reward equation'', the concept of valuation, and how to write about credit and investment proposals. This insightful text may prove controversial to many traditional commentators who are used to taking profit figures specifically and annual reports at face value.
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Seller's Description:
VG PB. Owner notations in text. The information critical & essential for responsible decision-making is mostly missing from an annual. Report for those wishing to invest wisely or lend prudently. Explanation is often inadequate or downright misleading, the language is esoteric & self-aggrandizement by the management is not infrequent. Risks points out some of the shortfalls in the quality & nature of the material available & explains some of the limitations of conventional accounting. Reading corporate signals is a complex art & this book provides some key decoding techniques. Spot on fep, ft cover creased, owner notations back endpaper.
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Seller's Description:
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