Balance Sheet Basics: From Confusion to Comfort in Under 30 Pages

by Axel Tracy

Understand Your Business & Investments Better and Make Higher Profits If you know how to Read a Balance Sheet then You have the Capability to Make More Money From Your Business & Investments Using this Financial Information Balance Sheet From Confusion to Comfort in Under 30 Pages Take control of your financial statements • Take balance sheet analysis out of the ‘too hard basket’ and put it within your own skill set. • Reduce your reliance on others to process balance sheet information. This will reduce costs & help build trust with your advisors through improved communication. • Feel more empowered when provided with balance sheets, rather than feeling confused or simply filing them away unused…or filing them in a recycling bin! Learn how to use accounting information to add value to your business and investments • Understand your business and investments from a whole new light. You can make better decisions when armed with more knowledge & information. • Learn how to ‘paint the picture’ that the balance sheet numbers provide. Through balance sheet analysis you will have a new tool to see where any business has been, is now & maybe will be in the future. • Turn your accounting information from being a ‘compliance issue’ to it becoming a value creator that can assist your wealth creation. Understand a primary financial statement from an experienced teacher • Authored by a teacher of accounting with years of experience. This includes private tutoring to running sessions with 25 students. • He has taught university students with all levels of skills, from those that had only basic levels of accounting knowledge to those with advanced study skills. This includes students from non-English speaking backgrounds. • Axel Tracy was employed by his own university to run study sessions in Accounting Standards & Regulations while still being an undergraduate himself. Build knowledge quickly from a concise, to the point, eBook • Be able to apply the knowledge quickly, this eBook should only take around 1-2 hours to read and understand. • Don’t be swamped by too much detail too quickly. Cover all the basics, without the long-windedness, and then you can choose to deepen your knowledge elsewhere if desired. • Written in a conversational manner, the eBook will not drive you up the wall by making prerequisite knowledge requirements. All jargon is explained clearly and the tone of the eBook is friendly and free flowing. As stated in the Sub-Title, this eBook is only a 30-page mini-book (approx. 9,000 words). Please be aware of the brevity of this eBook, so you are not disappointed when you do not receive a 250-page read. Personal Promise and Risk-Free Kindle Return amazon.com/gp/help/customer/display.

59 pages, Kindle Edition

First published August 2, 2013

About the author

"My mission is to put academic accounting & finance knowledge, through technology, in the hands of businesspeople & investors."

Axel Tracy has been educated in accounting and finance at two of Australia's leading universities: The University of Technology, Sydney (UTS) and The Australian National University.

He is one of the top students at his current university (UTS) and is a member of the invitation-only Golden Key International Honours Society. Axel's GPA for accounting and finance subjects is 3.64 out of 4.

From 2011 till recently he was employed by UTS to run PASS Sessions for the 2nd-year accounting subject Accounting Standards and Regulations. This involved teaching undergraduate accounting students in a subject that has a high failure rate (Axel scored a High Distinction in this particular subject). Accounting Standards and Regulations is a financial accounting subject that involves Australia's current implementation of the International Financial Reporting Standards.

Axel has also been employed by UTS to be a one-on-one tutor in the subject of Accounting for Business Combinations. This is another 2nd-year financial accounting subject involving the accounting treatment of corporate groups, joint-ventures and associates.

His passion for financial markets has led his self-directed study about the 'value investing' philosophy, an investment approach originating from the Columbia Business School in the 1920s. He has also studied trading tactics and systems, however his greatest investment success has come from the former value investing approach.

Axel is happy being a small business operator (and hopes to make this business big) and his first business was launched when he was 25 years old.

Axel currently lives in Sydney, Australia, but hopes to live in many cities in the years to come.

"A little later than many, I found the reason for coming into this world. It was to become an entrepreneur and spread the accounting and finance knowledge that I had learned since 2003.

I greatly enjoy teaching and helping others see the beauty of accounting and finance.

I love accounting and finance...and I want you to feel the same way too!

And if I can't get you to love them, then my eBooks want to help you take those initial steps in your knowledge journey, so you can be armed with techniques and tools that will set you above the pack."