Managing by the Numbers: A Commonsense Guide to Understanding and Using Your Company's Financials: An Essential Resource for Growing Businesses
||List Price: $18.00
Amazon.com Price: $12.60
- Media: Paperback
Publisher: Perseus Books Group (15 May, 2000)
- Average Customer Review:
Based on 7 reviews.
Amazon.com Sales Rank: 26,701
Simple yet sound
If you don't have a business degree and as a business owner or potential business owner are looking for more knowledge on how to understand the books then get this book. If you do have a degree in Business then you need not spend your money here. Take the 14.95 you would pay for this book, invest it in a high yield stock or bond and wait 50 years and you may have about a thousand bucks or so.
If I was a small business owner (or even a nonfinancial manager in the corporate world) I'd break my neck to get my hands on this book. If there was a rating beyond 5 stars, I'd give it. A must have!
Finally, a book that let's the rest of us in on the big secrets of financial reports and company financial numbers. This book tells you what numbers to look at, what each number means to your business, and how all of the numbers work together to build a financial picture. I thought that I knew what I was seeing when I ready my companies balance sheet, but I was wrong. As the owner of a small business, I wish that I would have had this book a month before I started my company.
The reading is light and quick with good examples to back up what the authors are teaching you. They start with a light base instruction on Balance Sheets, Profit and Loss, and Cash Reports. After explaining each report and showing an example from their fictional company, they build on that base to show you how to use those numbers to find problems and to answer questions about a company. By teaching you how the numbers relate between these reports and showing you exactly what effect each number has on your company, you will be able to see the big picture of what is going on.
This book was definitely written for the non-accountant person that needs things explained outside of the accounting language. This is a must have for anyone that owns their own business and is not a CPA.
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