How to keep score in business : accounting and financial analysis for the non-accountant / Robert Follett.

Includes index.

Introduction: The first lesson: scores are not real dollars ; The accrual method ; But scores are important -- Glossary of key financial accounting terms -- The balance sheet: The balance sheet balances ; Acme Widget Company ; Acme Widget's year-end balance sheet ; A "trial balance" ; Constructing the balance sheet -- More balance sheet: Cost versus value ; Intangible assets ; Goodwill ; Reserves and allowances ; The going concern assumption ; Estimates are everywhere ; Purpose and perspective ; Current versus noncurrent balance ; Sheet items ; Working capital ; Average collection period ; Inventory turnover -- Still more balance sheet: The worksheet for transactions ; Trial balance worksheet ; The balance sheet ; Analyzing the balance sheet ; Balance sheet summary -- The income statement: The basic income statement ; Acme Widget's first-year income statement ; More on cost of sales ; Nonoperating income and expense ; Acme Widget's second-year income statement ; Reconciliation of retained earnings ; Analyzing income statements ; Complicating cost of sales -- Return on investment (ROI): Return on equity (ROI) ; Return on invested capital (ROIC) ; Return on assets used (ROAU) ; Cash-on-cash return ; Payback method ; Discounted cash flow or present ; Value method -- Changes in financial position -- Cash flow budget -- Other analysis ratios and tools: Profit as a percentage of sales ; Breakeven ; Current ratio ; Acid test or quick ratio ; Debt-equity ratio ; Earnings per share ; Price-earnings ratio -- A summary of what you have learned: The balance sheet ; The income statement ; Statement of changes in financial position ; Cash flow budget ; Analyzing financial reports ; Conclusion -- Appendix A. Acme Widget Company -- Appendix B. Present value tables.

Teaches how to "keep score" in business by reading and interpreting company financial reports, including balance sheets and income statements, and how to use this information for lucrative investing.