Figures don't lie, but liars can figure.' Trevor Sykes learned to read balance sheets the hard way so you can learn to read them the easy way. For 30 years Australia's leading finance writer has been making sense of the numbers in annual reports, mining statements and investment prospectuses.
Money is at some degree of risk whatever you do with it, and the world of finance and investment can be erratic, complex and confusing. Starting with the annual report and the balance sheet, Sykes works through assets and liabilities, the profit and loss account, tax and cash flow, looking at case studies of individual companies and how they are valued by the stockmarkets versus their true' value.
Light on accountancy theory and heavy on practical experience, Sykes shows both the new and the experienced investor how to read the signposts, identify the danger signs and avoid the pitfalls.
This second edition of The Numbers Game is revised and updated to take into account the reasons behind the downfall of HIH Insurance, the latest trends in retailers' vital statistics and the problems with accounting for abnormal items.
Trevor Sykes' Pierpont' column and his other pieces in the Financial Review are probably the most read financial columns in Australia. He is also the author of two of the classic studies of Australian business history, Two Centuries of Panic and The Bold Riders.
Allen & Unwin
Country of Publication:
01 December 2003
Figures and tables..Acronyms..Thanks..Introduction..Investment basics..Basic analysis..Types of companies..Managed Investments..Prospectuses..Takeovers..A few danger signals..Fixed interest..Epilogue..Notes..Index
Trevor Sykes is the creator of the Pierpont column, originally in the Financial Review, then the Bulletin for many years and now back to the F.R. Considered the doyen of Australian finance writers, he's the author of the classics The Bold Riders and Two Centuries of Panic.