Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Turning Black Ink Into Gold: How to increase your company's profitability and market value through excellent financial performance reporting, analysis

Turning Black Ink Into Gold: How to increase your company's profitability and market value through excellent financial performance reporting, analysis

Tatum, Toby

Paperback

AccountingGeneral Graphic Novels

Publisher Price: $19.95

ISBN10: 1456660624
ISBN13: 9781456660628
Publisher: Ebookit.com
Published: Mar 21 2011
Pages: 134
Weight: 0.45
Height: 0.31 Width: 6.00 Depth: 9.00
Language: English

The tacit assumption among business owners and their bookkeepers generally seems to be that the primary objective of financial performance reporting is to facilitate the production of an income tax return. To this end, the primary objective of the income statement is to report the company's net profit. This assumption is misguided. The primary objective of the income statement should be to report the company's cash flow. Quoting Dr. Pablo Fernandez, recognized as among the world's leading authorities on business valuationThere is a financial accounting maxim which, although it is not absolutely true, comes very close to it and which is a good thing to remember, net income is just an opinion, net cash flow is a factThe purpose of Turning Black Ink Into Gold is to show small business owners how high-quality financial performance reporting can improve their company's profitability and market value

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