FREE DOWNLOAD Romancing the Balance Sheet: For Anyone Who Owns, Runs or Manages a Business By Anil Lamba [PDF EBOOK EPUB KINDLE]. This FREE eBook explains how to read a balance sheet - download it now for your Click the PDF icon below to download the eBook from the Online Library. Romancing The Balance Sheets book. Read 25 reviews from the world's largest community for readers.
|Language:||English, Spanish, Japanese|
|ePub File Size:||25.43 MB|
|PDF File Size:||11.30 MB|
|Distribution:||Free* [*Sign up for free]|
musicmarkup.info musicmarkup.info?attachauth. Romancing the Balance Sheet is one of the most known books to get the insight on finance. This book is developed for everyone who wants to get the insight on. Editorial Reviews. About the Author. A practicing chartered accountant, bestselling author, download Romancing The Balance Sheet: Read 5 Kindle Store Reviews - musicmarkup.info
It comprises: Issued capital and reserves attributable to equity holders of the parent company controlling interest Non-controlling interest in equity Formally, shareholders' equity is part of the company's liabilities: they are funds "owing" to shareholders after payment of all other liabilities ; usually, however, "liabilities" is used in the more restrictive sense of liabilities excluding shareholders' equity. The balance of assets and liabilities including shareholders' equity is not a coincidence. Records of the values of each account in the balance sheet are maintained using a system of accounting known as double-entry bookkeeping. In this sense, shareholders' equity by construction must equal assets minus liabilities, and thus the shareholders' equity is considered to be a residual. Regarding the items in equity section, the following disclosures are required: Numbers of shares authorized, issued and fully paid, and issued but not fully paid Reconciliation of shares outstanding at the beginning and the end of the period Description of rights, preferences, and restrictions of shares Treasury shares , including shares held by subsidiaries and associates Shares reserved for issuance under options and contracts A description of the nature and purpose of each reserve within owners' equity Substantiation[ edit ] Balance sheet substantiation is the accounting process conducted by businesses on a regular basis to confirm that the balances held in the primary accounting system of record e.
The work of the author should be really appreciated.
Aug 24, Shyam Sundar R rated it really liked it. A good book to understand the basics of financial statements Not all topics are covered but Recommended for beginners in the field of investing. Easy to understand language with good set of examples. Nov 24, Monalisa Das rated it it was amazing.
For a newbie, who wants to start a business it's a great book to get a great idea. A great starting point Excellent introductory material for beginners or people looking to refresh long lost concepts. Lucid writing style and not intidamting at all.. Feb 06, Ashutosh rated it really liked it.
An important read, especially if you are a business owner and not from a finance background.
Feb 22, Chetan rated it it was amazing. Intricacies of finance explained in layman's language.
Its a must read for all businessman. In fact it should be made a textbook for all the entrepreneur training programmes. Sep 09, Chetan Samdadiya rated it it was amazing.
The book is excellent for a non commerce students to understand balance sheet and it's implications. Aug 08, Sandhya rated it it was amazing. Everyone who thinks numbers are not their cup of tea should read this. Feb 24, Manoj Sharma rated it really liked it. Oct 28, Kushmakar Sharma rated it it was amazing.
Through simple techniques and insightful illustrations, the author proves beyond doubt that finance is too important to be left to the finance experts. If you serve an organization, in whatever capacity, you better know the financial impact of each of your decisions. The author provides a lot of clarity on how to read and analyse different financial statements and throughout stresses on the best financial practices.
A must read for anyone who thinks of himself as a "non-finance" person and wants conceptual clarity on financial theories. May 27, Anoop rated it it was amazing Shelves: The beauty of this book lies in the lucidity of its language. A must read for all business professionals who thinks finance is an alien noesis. This book would definitely be an eye opener for them. The lucidity of the language will encourage them to embrace principles of finance promptly which is a must for running any business successfully.
The book would always be part of my recommended list of Goodreads. May 11, Kritika Swarup rated it liked it. Are you afraid of Accounts and try your level best to ignore anyone who talks about it? If yes, then the book is for you! I am a finance major, and it was refreshing to read this book,for me too. Anil Lamba gives few basic concepts of finance, but the way he presents them, anyone who reads the book, irrespective of the background, would understand what exactly he is talking about.
No ambiguities involved. I made my marketing friends read it, and they were more than happy that I did! View 2 comments. Very good - If you are absolutely new to financial world!
This book will give you the very basics of financial management. Reality is much much more complex that what is written. But it is always good to get your basics right. May 12, Paritosh Anand rated it it was amazing. For someone like me who is financially challenged after having attended Greek finance lectures in MBA, this books is a gem. It talks in a simple way, always giving common sense a prevalence over financial formulas but never in the process becomes oversimplified to lose the gist.
A good beginner's book for those seeking financial decision making basics. Loved it. May 09, Abhineet rated it really liked it Shelves: Excellent stuff.. Jan 22, mpingo rated it it was amazing Shelves: I read this book after reading thomas itelson's book.
Anil Lamba has written a good book for non accounting business persons. A must read if you are running any business. Aug 15, A J rated it really liked it. One will fall in love after with Balance Sheet. A jargon free explanation of balance sheet and related matter.
May 30, Pratik Mevada is currently reading it. May 03, Saumil Mehta rated it liked it.
Very basic corporate finance literacy.. Told nicely.
Would have been best if included some case studies. Johann rated it it was amazing Aug 07, Gokul rated it really liked it Nov 09, Swagat Wagh rated it it was ok Feb 01, Abhishek Sarma rated it did not like it Nov 09, Bill Baldwin. It's probably because I never enjoyed number crunching.
However, as a student in business school, I had to take accounting classes to graduate. Although I've chosen Marketing as my major, I have to take various accounting courses because they will make me a well-rounded business student according to my teacher. So last semester before my final exam for Accounting , I was extremely worried that I wouldn't pass the class, that was until I read Reading a Balance Sheet by Free Management Books. My teacher was himself an accounting major and had over 25 years of experience in the subject.
So he knew accounting really well, which is unfortunately the reason why he blazed through the course, leaving slow learners like myself behind. He was a part-time teacher so I could never get a hold of him for extra help. I knew I had to take it on myself and figure out a way to better understand my weakest topic in Accounting , which was making sense of a balance sheet. I generally understood the concept of the balance sheet, but I always had trouble balancing totals at the end.
I'd spend night and day trying to make these two figures match, but to no avail. To start with, I was relieved to see that this book was only around 30 pages, because I was in no mood to go through hundreds of page to understand one concept.
But it helped me learn other things that I had no clue about. I never knew that money owed to the company was necessarily an asset. I thought it was a liability instead, but this book clarified that point for me. Similarly, I wasn't aware that salaries were a liability because I thought they may be included in cost of goods sold. I went on to learn about cash equivalents, which I didn't know even existed before I read this book.
I learned that this heading includes petty cash, current accounts, bank certificates, money market accounts, and other short-term investments.
I can now proudly say that I know what cash equivalents are inside out. Besides these few points, there was a lot more that I learned through this free eBook. What helped me the most was the fact that it included multiple balance sheets which really made things clear for me.
We were shown several examples in class, but those examples weren't explained well enough for me to understand. This eBook laid everything out in easy language rather than technical accounting jargon.
I would have never learned that equity is the difference between total assets and total liabilities because the way my teacher explained it, I didn't want to hear the word equity, let alone learn what it is. After going through this book thoroughly, I was still slightly nervous about my exam, but once I received a B- in the class, I was ecstatic. I couldn't believe that a free online book helped me pass a class that I was surely going to fail. It really would be great to see more initiatives like this taken on the net to provide help to those who need it.
This book was very helpful, but not good enough to ever make me like accounting as a subject! Darrin Weaver. I felt that it was too complex. During my latest review, my supervisor informed me that she would like me to start working with the financial side as well. She told me that in the upcoming year a promotion was going to be on the table and if I wanted that spot, I had to step my game up.
Even though I have always been a hard worker and made the sales, she felt like it was time that I became a little better-rounded.
She suggested that I read this book, along with the other finance books offered from this website. I came home from work and dove right into this book. I figured that I needed to get a head start if I was going to learn anything with finance in the title. When I downloaded this book I figured that it would be several hundred pages not I could read the whole series of books in less time than I thought this one book would take to read.
Not only was it short, but it was simplified. This book starts at the very beginning and explains everything in detail that I would need to know to read a balance sheet. To be completely honest, I was not even sure what a balance sheet was before this book. The first part of this book describes what a balance sheet is and what it is used for. I am glad that the author included that there are two types of balance sheets, a report form and an account form.
I think that it was very helpful to show an example of a balance sheet in the most simplistic way possible.
The example was very easy to read and to understand. This book does a great job of starting out simple with something everyone can understand and then building on that knowledge and becoming more complex.
The best part about this book is that it explains every term that it uses. Since I am a beginner, I loved that it explained everything to me. Before this book, I was not even sure what a liability was. After reading this book, I feel like I could understand a balance sheet. It's amazing that in less than an hour I went from no knowledge about this to feeling like I could handle reading and explaining a balance sheet.