From Australia's Leading Finance Writer.
Here are all the nuts and bolts needed by the reader of the financial pages, or the beginning business student, to understand the real meaning of the published numbers.
Trevor Sykes learned to read balance sheets the hard way so you can learn to read them the easy way. For 30 years Australia's leading finance writer has been making sense of the numbers in annual reports, mining statements and investment prospectuses.
Money is at some degree of risk whatever you do with it, and the world of finance and investment can be erratic, complex and confusing. Starting with the annual report and the balance sheet, Sykes works through assets and liabilities, the profit and loss account, tax and cash flow, looking at case studies of individual companies and how they are valued by the stockmarkets versus their "true" value.
Light on accountancy theory and heavy on practical experience, Sykes shows both the new and the experienced investor how to read the signposts, identify the danger signs and avoid the pitfalls.
