This book is the second volume to the Amazon Bestseller Warren Buffett's Three Favorite Books. In this book, you will learn how to: Pick stocks like Warren Buffett Calculate the intrinsic value of stocks using two methods During the second half of the book, readers will learn in-depth methods for: Read an income statement Read a balance sheet Read a cash flow statement Calculate and interpret key ratios
With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Warren Buffett's succccessful perspective.Buffett and Clark clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham (The Interpretation of Financial Statements, 1937), this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. Potential investors will discover: - Buffett's time-tested dos and don'ts for interpreting an income statement and balance sheet
- Why high research and development costs can kill a great business
- How much debt Buffett thinks a company can carry before it becomes too dangerous to touch
- The financial ratios and calculations that Buffett uses to identify the company with a durable competitive advantage -- which he believes makes for the winning long-term investment
- How Buffett uses financial statements to value a company
- What kinds of companies Warren stays away from no matter how cheap their selling price Once readers complete and master Buffett's simple financial calculations and methods for interpreting a company's financial statement, they'll be well on their way to identifying which companies are going to be tomorrow's winners -- and which will be the losers they should avoid at all costs. Destined to become a classic in the world of investment books, Warren Buffett and the Interpretation of Financial Statements is the perfect companion volume to The New Buffettology and The Tao of Warren Buffett.
You own your own business-terrific Are you having fun and raking in the profits? Or, are you on a treadmill of too much work with too little reward? Business is booming, but at the end of the month...you haven't made any money There is nothing left in the checking account, and there is a stack of unpaid bills on your desk. WHAT HAPPENED This book will teach you the basics you need to keep track of your business. Find out where the money goes...and learn how to make more of it. The information I share in this book, we should've learned in sixth grade. I didn't. I didn't even learn business basics in college, and I graduated at the top of my class with a degree in Business Administration.
Among the major professions, certified public accountancy has the most severe underrepresentation of African Americans: less than 1 percent of CPAs are black. Theresa Hammond explores the history behind this statistic and chronicles the courage and determination of African Americans who sought to enter the field. In the process, she expands our understanding of the links between race, education, and economics.
Drawing on interviews with pioneering black CPAs, among other sources, Hammond sets the stories of black CPAs against the backdrop of the rise of accountancy as a profession, the particular challenges that African Americans trying to enter the field faced, and the strategies that enabled some blacks to become CPAs. Prior to the 1960s, few white-owned accounting firms employed African Americans. Only through nationwide networks established by the first black CPAs did more African Americans gain the requisite professional experience. The civil rights era saw some progress in integrating the field, and black colleges responded by expanding their programs in business and accounting. In the 1980s, however, the backlash against affirmative action heralded the decline of African American participation in accountancy and paved the way for the astonishing lack of diversity that characterizes the field today.
The most practical, authoritative guide to Federal Government auditing
Now in its second edition, Wiley Federal Government Auditing is authored by four CPAs who are partners at Kearney & Company, a CPA firm that specializes in providing auditing, accounting, and information technology services to the Federal Government. This single-source reference provides you with up-to-date information on applicable laws, regulations, and audit standards.
Created for both professionals and others performing Federal Government audits, this guide condenses the abundant, complex criteria for Federal Government auditing into concise, accessible topics you'll refer to frequently and presents:
- An easy-to-navigate format that allows you to find needed information quickly
- Detailed guidance on what, why, how, and by whom Federal audits should be made
- Discussion on internal control over Federal financial reporting
- Recent developments in auditing standards
- Federal financial statements, budgeting, accounting, and more
- Coverage of the scope and work required in an audit of Federal departments and agencies
- Examples of Federal audits
- Separate chapters devoted to auditing and evaluating Federal IT systems; performance audits; procurement and contract audits; and grant audits
Written in a non-technical style and complete with helpful exhibits, this guide is a "go-to" reference for government auditors, Inspectors General, public accountants, military comptrollers, legislators, state and local government auditors, budget offices, financial managers, and financial analysts. The content also applies to contractors and grantees, universities, and other nonprofits and organizations that have repeated financial dealings with the Federal Government.
Xero in easy steps uses detailed images and easy-to-follow instructions, showing the user how to quickly get to grips with the new features of this popular accounts software.
Xero in easy steps uses detailed images and easy-to-follow instructions to guide the reader through setting up and using Xero accounting software. It is ideal for anyone using Xero for the first time, or for those needing to learn the latest features.
Xero is cloud-based accounting software for small and medium-sized businesses. It is a subscription service, based on the type and number of company entities managed by the subscriber. Suitable for use by businesses worldwide, Xero's products are used in over 180 different countries.
If you kill your bookkeeper, who will write the bail check?
Are you paying good money for an accountant and bookkeeper, but still lack enough confidence in your company's financials to answer critical money questions?
Do you sit up at night processing and reprocessing unresolved questions about how to keep your business on a solid financial footing or nurture it to the next level?
Do you feel like you're flying blind and fast with your finances and have no sense of the terrain ahead?
Your First CFO is a step-by-step blueprint for using the tools and people you've already paid for to shine a spotlight on your business finances so they make sense to you.
YYour First CFO will transform your current stress and uncertainty about bookkeepers, accounting, and finance into a foundation of steady confidence about the future of your business.