Financial statements for dummies

Financial statements for dummies

Management Financial statements are a combination of approved forms of various reports on the financial condition of a company for a selected reporting period and the financial results of its operating and non-operating activities. Financial statements can be annual and interim, it is prepared to assess the activities of the enterprise, make decisions about further activities and provide information about the company to the regulatory authorities.

Why the book "Financial statements for managers and beginners" worthy of reading

Careful reading will help to understand the intricacies of modern business, finance and reporting.

The material presented in the book in simple and understandable language makes it possible to form a clear idea of ​​the essence of financial accounting and helps to overcome the panic inherent in many people when dealing with financial reporting.

Financial reporting in the organization management system

In a market economy, financial statements become the main source of information for making sound management decisions. An important requirement for the adoption of management decisions is the availability of facts relating to the financial situation of the organization and the results of its activities. Such facts are presented in the form of accounting data that are collected, grouped, summarized and reflected in the financial statements. In its most general form, financial statements are the final product of accounting in an organization.