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LBD668 - How to Understand Accounts

 

Description and usage How to Understand Accounts

How to Understand Accounts

How to Understand Accounts is a new guide for the layperson to understanding and interpreting your accounts. It reveals just how easy it should be to prepare, read and act on your business accounts.
 

What's in it? - See the explanatory notes below

 

 

 

Ready to Buy? How to Understand Accounts

£5.52 + VAT

Your purchase will be available for online download from the 'My Contracts' area immediately after you have paid.

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You will find this contract in:

Full Catalogue
Business Books

 

You could also consider these related contracts:

LBD716Book-Keeping Made Easy
Z154Running Your Own Limited Company - Free Document

What's in it?

Whilst for obvious reasons we can't show you the actual item before you purchase it, we can do the next best thing. We show you the explanatory notes that go with each contract and, in the case of books and forms, a brief summary. These will give you a good idea of the content of the document before you buy it. 

 

Explanatory Notes

 

For anyone running a business, an understanding of accounts is essential. In most cases a trained accountant will actually prepare the accounts of a business, but the proprietors or directors have the responsibility for approving those accounts. This does not mean that they are expected to have the knowledge needed to prepare the accounts, but they are expected to understand and approve the figures included in those accounts.

Anyone who is self-employed has full responsibility for the figures entered on their tax returns, no matter who actually prepares the accounts. Company directors are assumed to be aware of the financial position of their companies, even though they may employ someone else to prepare the accounts. A director who continues trading when he knows, or ought to have known, that the company cannot pay its debts may be required to pay compensation and could be barred from being a director in the future.

Chapters cover:

1 The Trading and Profit and Loss Account 2 The Balance Sheet
3 The Cash Flow Statement
4 Company accounts
5 Reviewing the accounts
6 Management accounts
7 Creative accounting


Plus Appendices with many worked examples.

This book is supplied by Lawpack.

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