Small Business pp 293-314 | Cite as

Understanding Financial Information

  • Jim Dewhurst
  • Paul Burns
Part of the Macmillan Small Business Series book series (SBUI)


In many of the earlier chapters (particularly Chapters 10 and 15) we have been concerned to show the types of financial accounts that a small business will keep, and how these accounts should be prepared. When the term ‘the financial accounts’, or more simply ‘the accounts’, is used it is usual to assume that it refers to the balance-sheet and the profit-and-loss account for the year, and we shall continue to use it in this sense. The technique most frequently employed in understanding these accounts is ratio analysis and in the main part of this chapter we shall be concerned in applying this approach to the historical balance-sheet and profit-and-loss account of a business. We shall build on the example given in Chapter 10 (Tables 10.4 and 10.5.


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Select Bibliography

  1. C.A. Westwick and W.J. Westwick, Source of British Business Comparative Performance, Chartac, 1986.Google Scholar
  2. R.H. Parker, Understanding Company Financial Statements, Penguin, 1987.Google Scholar
  3. W. Reid and D. Myddelton, The Meaning of Company Accounts, Gower, 1982.Google Scholar
  4. G. Foster, Financial Statement Analysis, Prentice-Hall, 1978.Google Scholar
  5. M. Tamari, Financial Ratios: Analysis and Prediction, Paul Eleck, 1978.Google Scholar
  6. B.V. Carsberg, M.J. Page, A.J. Sindall and I.D. Waring, Small Company Financial Reporting, Prentice Hall 1985.Google Scholar
  7. G. Holmes and A. Sugden, Interpreting Company Reports and Accounts, Woodhead Faulkner, 2nd Edition, 1982.Google Scholar

Copyright information

© Jim Dewhurst and Paul Burns 1989

Authors and Affiliations

  • Jim Dewhurst
  • Paul Burns

There are no affiliations available

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