Balance Sheet PocketbookThe Balance Sheet Pocketbook begins by constructing a model to show how money works within a business, i.e. where funds come from and how they are used. The structure of the balance sheet and the profit and loss reports are then examined and explained within the context of this model. Common misconceptions are frequently highlighted and financial jargon is clearly unravelled. |
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Common terms and phrases
accountant’s alternative amount appear assessed Assets Employed ASSETS WORKING CAPITAL Attributable Cost Operating Balance Sheet Capital Employed Capital Expenditure CAPITAL LOAN CAPITAL Cash Cashflow charge collective COMMON MISCONCEPTIONS compared considered Control Cost Operating Profit Creditors Current Assets Current Liabilities CYCLE Debtors Depreciation developed Distribution Dividend Retained Profits Earnings effective Example expectations Expenses finance Finished Fixed Assets Hence Interest internal INTRODUCTION investment issued lender LOAN CAPITAL long-term finance Loss Account Managing measured method Note Operating Profit Less owed Page paid period Plan Pocketbook Premium PROCESSES PRODUCTS Profit and Loss PROGRESS PUBLISHED FORMAT purchase RAW MATERIALS received referred Report Reserves result Retained Profits Revenue Expenditure Sales sell SHARE CAPITAL LOAN shareholders shown sold SOURCE OF FUNDS statement SUMMARY suppliers term trading period Worth