Balancing Your Business by Manny C.

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BAlancing your business by mannyc | Make your own at www.toondoo.com

Plan Ahead: Esmeralda N

How To Read A Financial Plan

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Easy Reading by: Anna B.

REFERENCES
"Income Statement." Wikipedia Free Encylopedia. 2001. Web. .

Spiceland, , Thomas, and herrmann. Financial Accounting. New York, NY: McGraw Hill, 2009. 10. Print.

Reading A Cash Flow Statement JoeyR

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Rosa P. Do I Have Money?

Excuse me? I need assistance by Chad I

Creating a financial plan by chadisenhart | Make your own at www.toondoo.com

Omar A: How to Read an Income Statement

Omar A: How to Read an Income Statement

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Bercy N. Quick and Easy

A Quick & Easy Way to Read & Understand a Profit Loss Statement


Let’s start with what is a profit/loss statement is. According to ehow.com, A profit and loss statement shows a business how much it is profiting. It subtracts all its expenditures from all its income to generate a figure that shows the pure profit of the business over a period of a year, quarter or month. Now that we understand the concept of subtracting what you spend from what you make, now we can go into reading the statement.
The first thing that you need to do as a manager or accountant is look at the section titled sales, this is going to be where the business sales are listed. Then find where it says operating expenses, this is going to list all the expenses that your business had to make in order to operate. This includes wages, rent, any products it had to buy and more.
Next is the net profit, it tells you the total amount your business profited during that period of time. This number can be positive, if your business did well, or a negative number if your business spent more than it brought in.
You also need to understand what the Depreciation section is, this is largely for tax purposes. Most businesses need to show how the equipment and supplies that they own over the course of a year have diminished in value, to determine the current value of your business.
And lastly you need to take into account any income or expenses that have nothing to do with what your business does, this may include any investment, the purchase or sale of property, and interest payments or revenue.
I hope that this has helped you understand the profit loss statement, so that you can determine how to increase your profits and decrease you expenses.


http://www.ehow.com/how_2363851_understand-profit-loss-statement.html
http://www.ehow.com/how_2363824_read-profit-loss-statement.html

Want a promotion? Here's the tools. By Cody C

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A balance sheet is how firm's keep track of their current financial standing. Now all of you, as accountants, read financial statements every day. However, the monotony of such tasks take a grind on the brain and renders you inefficient. We at Words That Count feel the best way to maintain quality and precision in the workplace is to consistently go back to basics. So today let's review some things you already know.
A balance sheet is used to literally "balance" a company's finances. On one side of the balance sheet equation is a firm's assets. The other side contains a summation of the firm's liabilities and shareholders' equity. Now before you stop reading out of boredom, I want you to to think harder. How does such a standardized process affect me and my job?
What sets one employee apart from another is in the details and there is much more to the balance sheet than it seems. The balance sheet offers insight into the future and direction of your firm. The balance sheet also provides information about past decisions and current financial standing. The ability to make inferences from this data and offer your boss pre-made solutions to identified problems will show your dedication to the firm and to success.
Again, when reporting to your boss remember the basics. Always be formal when sending correspondence within the workplace. Also, stay concise. Most upper-management positions do not leave much free time so get to the point. State exactly what it is you want or are proposing and follow that with a honey statement to end things smoothly. Also, any research requires sources to be cited.
Always remember, Words That Count is dedicated to perfecting the quality of writing within your workplace. Furthermore, Words That Count seeks to empower you in order to succeed and, let's be honest, make more money!

Amy Z: READ Money, MAKE Money, GET Money

Before I invest, buy, or even create a partnership with an existing company I will look into the companies income statement, balance sheet, and cash flow statement. I am able to find out weather or not a company is profitable by understanding how to read these three financial statements. It is important to look at all of the sheets or else you won't get a full understanding of the companies financial situation. No one wants to waist their time investing in a company that doesn’t generate revenue! So, don’t be fooled and review the financial statements, it will be worth your time.

1. The Income Statement:

• Shows a company’s profitability over a period of time.(Monthly, Quarterly, Annually)
• Financially records everything that is going out and coming in to the company.

2. The Balance Sheet:

• Shows company’s available cash.
• Shows the companies’ financial state at a given moment.
• Shows money that the company currently has, owes, and what is left for the owner.

3. The Cash Flow Statement:

• Shows where you got your money form and where it is going.
• Based on numbers from income statement and balance sheet.
• Show what the company did to generate money and how it used the money over a period of time.(Monthly, Quarterly, Annually)

I have included a video that will help you understand how to use, understand, and apply: the income statement, balance sheet, and cash flow statement.

Citations:

"Financial Statements Overview by Park Li ." You Tube. Web. 22 Apr 2010. .

How Fit is YOUR Business by Jason M

"Small Business Basics: How to Understand a Profit-Loss
Statement." YouTube. Web. 22 Apr 2010.
[http://www.youtube.com/watch?v=1gI25MuIXkw].

A Profit-Loss Statement, also known as an income statement, allows business owners to know exactly where his or her business stands financially. Businesses need to make a profit to survive, and if a business is unable to do so, then the owner needs to do one of two things. Either the owner needs to make major changes to the strategy of the business, or the business needs to close its doors before it loses any more money.

Here at Words That Count, we manage Profit-Loss Statements, as well as all other Accounting statements such as the Balance Sheet, Statement of Cash Flows, Statement of Owner's/Stockholders' Equity, etc. We take away the hassle of needing to keep track of your own assets, and you can rest assured that our work is 100% error-free because our employees cross-check each others' work. If any errors are found, the author is notified and the errors are corrected. We understand how essential these financial statements are to the survival of every business, including our own, so we spare no expense to ensure that you get the quality of work that you deserve. After all, you are the customer, and the customer is the most important part of any business.

Land Your Dream Job by Todd W

http://www.youtube.com/watch?v=XvuZY3DWtIY&feature=related

Are all of you professionals when it comes to being interviewed for a job. I would think not since all of you are still in college. Since the reason we go to school is to get an education and, ultimately, have a great career, I am going to share some tips with you on what to do before and during a job interview. Words That Count has helped numerous individuals in the past prepare for job interviews, so I would take the time to read these tips and watch the video.

1. Do research on the company before the interview. This will make you look more knowledgable and show that you are really interested.

2. Make sure you find a position that fits you. You don't want to go to an interview and try to mold yourself into something that you think the company wants. Find something that is for you to begin with.

3. Always be on time for an interview. You shouldn't come too early, but you should never under any circumstances come late.

4. Make sure you are dressed appropriately. For guys wearing a suit and tie and for and for ladies the same. Ladies can wear a skirt if they'd like. Shoes should also be nice and polished.

5. When you first meet your interviewer, smile and give him/her a firm handshake and say "nice to meet you." This first impression can be very valuable before you even begin the interview.

6. Ask the interviewer some questions of your own about the company. Try to avoid talking about salary during the first interview unless the interviewer mentions it. Then you can mention what you think you are worth, hopefully after you have researched the pay range for that position.

7. Bring a copy of your resume and cover letter.

8. Focus on your strengths and not weaknesses. If the interviewer asks you about a weakness, you can mention it and what it will take to turn it into a strength. Present yourself in the best light possible.

9. Maintain eye contact throughout the interview. You don't want to look like you are not interested or don't care what the interviewer is saying.

10. Stay relaxed. You don't want to be fidgeting in your chair during the interview. Body language is very important.

11. End the interview with a smile.

Take a look at this short video I have included. It contains some of the things I mentioned as well as a few different things about job interviews. Hopefully this information will be useful to you.