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Risks: Reading Corporate Signals
The investor or lender is putting money at risk. To be successful, both need to know the extent and magnitude of these risks. This title points out some of the shortfalls of traditional accountancy and explores some of the basic mechanisms and cycles that direct a business operation, with heavy emphasis on cash flow. Traditional methods do not focus on these crucial aspects and tend to disguise their importance and effect. There are some elementary but thought-provoking comments on the ``risk and reward equation'', the concept of valuation, and how to write about credit and investment proposals. This insightful text may prove controversial to many traditional commentators who are used to taking profit figures specifically and annual reports at face value.
406 pages, Paperback
First published February 5, 1988
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December 4, 2025
A useful guide for professionals working in accounting and finance. The authors present their analysis of financial investments in a way that is accessible to the average reader. (A review from Georgina Warren).
Are you the kind of investor that relies solely on an Annual Report to make your decisions? You better watch out. An Annual Report usually only provides a rosy picture which in the end is meant to highlight a CEO and his team's performance. The authors' underlying thesis is that neither the Profit & Loss Statement nor the Balance Sheet provide enough information to find out if a Business is healthy. In order to find out the truth, a Cash Flow analysis is a must, after all, Cash Flow is a Business's blood. The book provides examples on how to do it. The first chapters are easy to read, but the last ones require advanced Accounting knowledge. (This review was reposted from a customer on Amazon in 1999).
About the authors:
Haig J. Boyadjian is an American banker based in London. He has served in senior positions with US, European and British banks and has over twenty years of strategic and tactical experience in a wide range of international finance activities, joint venture negotiations, organizational restructuring, financial controls planning, marketing and corporate finance. Mr Boyadjian received his BA from Swarthmore College and his Master's degree in International Economics from the Fletcher School of Law and Diplomacy.
James F. Warren is an English banker who has worked in England and the United States where he now lives with his American wife and daughter attending the Harvard University Law School. His range of experience in banking has covered financial engineering in the treasury operations of a British bank, marketing to multinationals and managing a team of corporate credit analysts.
Working with Haig Boyadjian, he assisted in developing a program of financial seminars which have been internationally marketed and on which he lectured extensively. Mr Warren took a double first in Classics and Oriental Languages from Cambridge University.
DISCLAIMER
This book is currently unavailable on Amazon, but you can access a virtual copy on Internet Archive.
Are you the kind of investor that relies solely on an Annual Report to make your decisions? You better watch out. An Annual Report usually only provides a rosy picture which in the end is meant to highlight a CEO and his team's performance. The authors' underlying thesis is that neither the Profit & Loss Statement nor the Balance Sheet provide enough information to find out if a Business is healthy. In order to find out the truth, a Cash Flow analysis is a must, after all, Cash Flow is a Business's blood. The book provides examples on how to do it. The first chapters are easy to read, but the last ones require advanced Accounting knowledge. (This review was reposted from a customer on Amazon in 1999).
About the authors:
Haig J. Boyadjian is an American banker based in London. He has served in senior positions with US, European and British banks and has over twenty years of strategic and tactical experience in a wide range of international finance activities, joint venture negotiations, organizational restructuring, financial controls planning, marketing and corporate finance. Mr Boyadjian received his BA from Swarthmore College and his Master's degree in International Economics from the Fletcher School of Law and Diplomacy.
James F. Warren is an English banker who has worked in England and the United States where he now lives with his American wife and daughter attending the Harvard University Law School. His range of experience in banking has covered financial engineering in the treasury operations of a British bank, marketing to multinationals and managing a team of corporate credit analysts.
Working with Haig Boyadjian, he assisted in developing a program of financial seminars which have been internationally marketed and on which he lectured extensively. Mr Warren took a double first in Classics and Oriental Languages from Cambridge University.
DISCLAIMER
This book is currently unavailable on Amazon, but you can access a virtual copy on Internet Archive.
Displaying 1 of 1 review