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The Agile Manager’s Guide to Understanding Financial Statements by Joseph T.Straub
The Agile Manager’s Guide to Understanding Financial Statements by Joseph T.Straub
Joseph T. Straub’s The Agile Manager’s Guide to Understanding Financial Statements
This book stands out among a stellar collection of works. Everything you need to know to have a basic understanding of accounting statements is given in a way that is simple to read and comprehend. You may use and comprehend some of the more fundamental business, investing, and financial lingo after reading this book.
The text concludes with Chapter 7, as is customary with every great business book (you know, of bankruptcy famous!). Beginning with the income statement, the balance sheet, and the statement of cash flows, each chapter introduces a different component of financial statements and combines the three to show how they may be used for financial analysis, inventory management, and allocating for depreciation. Each chapter begins with a thorough explanation of the subject and provides several examples of how it is used in actual company operations. Despite being a little book, it contains a lot of information since it is succinct, direct, and informative all at once. Additionally, because of its compact size, it won’t take up a lot of room on a person’s shelf of essential books.
Anyone who needs to quickly comprehend financial accounts should read this book, in my opinion. Check out some of the other books in the Agile Manager Series if you’re interested; they could be useful.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : The Agile Manager’s Guide to Understanding Financial Statements by Joseph T.Straub
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