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Jul. 17.

E Book, Read & Understand Financial Statements


E Book, Read & Understand Financial Statements

E Book, Read & Understand Financial Statements

Note the logo.=> Profitability and Cash Flow are the results to Business Planning.

In order to achieve the two, one must be able to read and understand the P&L Statement and the Balance Sheet. The cash flow statement is the tool that makes P&L and Balance Sheet work together.

Profitability or loss is the final entry on the P&L statement. The key to achieving profitability is controlling expenses, not increasing sales. One must have an in depth understanding of the cost structure. Many will focus on sales being the key to achieving officiality, but if you do not control expenses, then all the sales in the world will not result in profits.

Get the foundation about how all this works.

A positive cash flow is the result of profits on the P&L and the control of uses and sources of cash items, which are found on the balance sheet. It is possible to have a profit on the P&L and not have any cash, because of the lack of management of accounts receivable or inventory, balance sheet items.

So, for cash flow actions we look at items on the Balance Sheet. The purchase of new equipment accounts receivable and inventory at the end of a time are major users of cash.

Current and long-term liabilities (bank debt/bond debt) are a source of cash. Paid in capital (equity is a source of cash) and is net income is a source of cash, if positive, and a use of cash if there is a loss.

So, we can generalize and state that profitability is related to the P&L statement and cash flow refers to the balance sheet.

Having this E Book, Read & Understand Financial Statements

  • enables you to have an e-book written in easy to understand sentences, and not typical phrases used by accountants. get it here


In a manufacturing establishment, Cost of Goods Sold represents all the costs incurred in the factory in producing the products that were sold during a time period.

  • The introduction discusses the three types of financial statements.

To recap, the three financial statements defined are:

  • The P&L Statement: A historical document that shows the revenue and associated costs generated in the business over a month, quarter, or year, usually ending on the last day of the period.
  • The Balance Sheet: A snapshot of the financial condition of a company at the end of the month, quarter or year.
  • The Cash Flow Statement: The blending document that takes the results from the P&L Statement and the Balance Sheet and creates the ending cash balance for the time period.

So once again this E Book, Read & Understand Financial Statements is the foundation for better understanding how all this works when you see it in The Balance Sheet that Always balances.

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Jul. 01.

The Balance Sheet That ALWAYS Balances

The Balance Sheet that ALWAYS BalancesThe Balance Sheet that ALWAYS Balances

This is a UNIQUE BUSINESS PRODUCT, developed by David Stevens. It has been seen by some well known CPA’s in the area. They have said, “It’s Unique” how David has it setup AND “always balances” regardless of the numbers that are changed and integrated into it. Make any change and it always Balances ALL the time.

Here is an example of what I mean:

    BALANCE SHEET 2016 2015
    Current Assets
    Cash $8,835,305 $987,055
    Accounts receivable @ 30 days $2,054,795 $2,147,945
    Inventory $3,000,000 $2,842,000
    Total Current Assets $13,890,100 $5,977,000
    Fixed assets $2,000,000 $2,000,000
    Accumulated depreciation @ 10 years $400,000 $200,000
    Intangible assets $300,000 $300,000
    Accumulated amortization $200,000 $100,000
    Total Assets $15,590,100 $7,977,000
    Accounts payable $164,300 $145,000
    Short term loans $      – $      –
    Accrued Expenses $      – $      –
      Dividends Common Stock @ $.25/Share $300,000 $      –
      Dividends on Preferred Stock @ $5/Share $30,000 $      –
    Taxes payable $1,454,250 $991,200
    Total Current Liabilities $1,948,550 $1,136,200
    Bank Loan $2,000,000 $2,000,000
     Bonds 1,500 @ $1,000 par value $1,500,000 $      –
    Total Liabilities $5,448,550 $3,136,200
    Common Stock 1,000 shares @ $1 par value $1,000,000 $1,000,000
    Common Stock 200,000 shares @ $7 par value $2,000,000 $      –
    Preferred Stock 6,000 shares, 5%, $100 par value $600,000 $      –
    Net Income $2,700,750 $1,840,800
    Accumulated prior retained earnings $3,840,800 $2,000,000
    Total Equity $10,141,550 $4,840,800
    Total Liability & Equity $15,590,100 $7,977,000
    Net Working Capital $11,941,550 $4,840,800


  • The Balance Sheet That ALWAYS Balances
  • Any set of numbers can be integrated into this type of balance sheet and it will ALWAYS BALANCE, Bar None.
  • This is “The Stevens Method” and it is “Unique” and every CPA that has seen this Balance Sheet has agreed.
  • Get in touch with David for a 1 on 1,
  • We will even come to your college/university or corporation if you meet the pre-requisites for a Seminar.
  • That will be determined by David, Owner of the “Stevens Method”.

Brought to you by

Goulds Marketing Services LLC,

The Balance Sheet That ALWAYS Balances

A (Verifiable) Dun and Bradstreet Corporation 



p.s. “UP-COMING SOON”, An Interactive Video that illustrates “The Balance Sheet that Always Balances with the change of a click with any entry into the P & L or Balance Sheet.

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