This place is primarily designated for originators of start-up projects. We want to strengthen them in their meetings with the investors – above all – to help them understand the language used by the Angels of Business.
What you can find here are books, articles, interviews and other forms of communication, including interdisciplinary knowledge and practical skills of understanding the environment, the business and the people.
In this section we only publish those publications, which explain the discussed phenomena in a clear and simple way, which is easy to understand for everyone – regardless of the education and the performed work.
We want to encourage you to read and to expand your knowledge.
Today we presentthe book:
The CEO asks the chief accountant:
-How high will our profit be this year?
The accountant answers:
- And how high should it be?
This anecdote should be a warning, telling us not to blindly accept the numbers given to us by financial experts as facts. It is valuable to learn to distinguish between certain and unreliable financial information. It is valuable to independently analyze the historical data and financial prognoses, no matter what anybody else says about them. It is also valuable to be able to tell the difference between accounting gain and cash flows. Otherwise, how will you know, how do the decisions you make everyday, as the CEO or manager, influence the finances of your company?
The difference between finances and mathematics is that in finances two plus two does not always have to equal four. If you deal with financial data in your job and you feel that you don’t understand this game well enough, this book is for you.
The book will tell you how to:
- » analyze the dept ratios, financial liquidity, operability and profitability,
- » read the profit and loss account and the statements of cash flows,
- » interpret the balance sheet (the types of the company’s assets and liabilities),
- » calculate and evaluate the margin (gross margin, operational margin, net margin),
- » manage the inventories and the working capital,
- » take advantage of depreciation for tax purposes,
- » implement the financial transparency rules in your company.
The book description taken from: onepress.pl