What You Must Know about Understanding Company Accounts

Accounting is the descriptive tool used to analyze and describe all businesses, and understanding an entity's accounts is accordingly not just the business of accountants, but it extends to all who work in or with business.

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Accounting is the descriptive tool used to analyze and describe all businesses, and understanding an entiy's accounts is accordingly not just the business of accountants, but it extends to all who work in or with business. To unlock the truth of a business' health, those not trained as accountants need to make sense of the conventions and tools employed by accountants. This guide serves to unpack these in such a way that the reader is able to come to grips with the real meaning behind the figures that are disclosed in company accounts. It provides the educated layperson with a basic understanding of the accounting process and the interpretation of company accounts.