February 2009 Archive

I use a realistic business example to illustrate and explain the three external financial statements. This business manufactures and sells products to other businesses. It sells products from stock; in other words, the business carries an inventory of products from which it makes immediate delivery to customers. (more…)

There are many ways to promote our products to our target audience. Usually the media of promotion will see the target. Are they read some newspapers or watch TV, or like some magazines. If the company already did some research, they will define the best ways to promote their products. Some company usually uses some brochures as a promotion for their new products. (more…)

Here is a website that representing a rehabilitation for you. In this modern era, many things have been changes. You can see good medicine that usually used for positive cure has been change into bad drugs which able to kill your brothers, your friends, even your girlfriend. For that reason, if you see some signs of drugs and alcohol addict from your family and friends, you have to hurry to bring them to a good place that provide rehabilitation for them. (more…)

Without a doubt, managers should understand the external financial statements of their business that are reported to shareowners and lenders, whether the managers own shares in the business or not. Financial statements are the basic touchstone of every business. A separate, distinct financial statement is prepared for each of the three financial imperatives of every business: (more…)

This chapter introduces the financial statements that are included in periodic financial reports from a business to its shareowners and lenders. They are called external financial statements to emphasize that the information is released outside the business. Let me stress the word introducing in the chapter title. One brief chapter cannot possibly cover the waterfront and deal in a comprehensive manner with all aspects of external financial statements. This chapters objective is more modest and more focused. (more…)