This text is a step-by-step guide to understanding and using company accounts. It aims to take managers from accounting novice to financial sophisticate in a matter of hours, giving a clear insight into the financial position of companies. comparisons between company accounts and your personal finances. This guide intends to make learning easy by presenting material as a dialogue between a financial expert and a non-financial manager. It cleary outlines the importance of the balance sheets and its relationship between the profit and loss cash flow statements. grasp the basics to converse with their accountant or bank manager, and middle managers and non-financial directors who want to understand accounts.