How To Read Annual Reports And Balance Sheets

Larissa Fernand

IN PRINT

The author sets out to help the lay reader get a clear understanding of a balance sheet and annual report and interpret them accordingly. Systematically written, in four parts, in the first the reader is introduced to the components of an annual report. The director's report and the audit report are explained in detail. Next the financial statements, namely the profit and loss account and the balance sheet, are tackled precisely. For example, in the section