How To Read Annual Reports & Balance Sheets------jaico
Annual Reports can be daunting. Many find
them overwhelming and even frightening because they do not understand
them. Consequently, they look at the net income and if it has increased
and a dividend has been paid they look no further in the belief that all
is well.
This may be far from the truth. In this age of creative accounting and
innovative ideas, accounting principles are changed, provisions are
manipulated and accounting theory itself is engineered by companies to
create profits, sometimes out of thin air.
In this book Raghu Palat, in his own distinctive and lucid style explains how one may read annual reports and balance sheets.
This concise and practical book is intended for businessmen, managers,
students, investors and anyone else who needs to read and wants to
understand the Annual Report and Balance Sheet of a company.
