Publisher's Synopsis
This best-selling guide has helped tens of thousands of managers to read any financial report with a keener understanding of its impact on their company and its competition, and on their own day-to-day management function. The book explains how to cut through the maze of numbers and distill the tangible implications for managing and for investing in business. This completely updated third edition covers: Major recent tax reform affecting tax rates, depreciation rates, and other tax factors; the latest Financial Accounting Standard on Cash Flow Statements, which makes the Cash Flow Statement a required financial statement; plus completely updated treatment of the auditor's standard report; spreadsheets include references and examples.
