We continue with our look at the Acme’s balance sheet. This week we are examining the Liabilities and Owners Equity half of this report.

This week we will continue to look at the audited returns for Acme Combustion, the fictitious company we are analyzing.

Last week we showed the income and manufacturing cost side of the income statement. This week we’ll look at the other half, the expenses and profits.

Last week, we set up this fictitious company as a vehicle to familiarize you with how to read financial statements so you can better understand how your company is doing.

We are going to spend a few weeks talking about an area with which many engineers and technical people are not that familiar – the company’s financial statements.

A decision is basically a judgment. One tends to assume that decisions are based on facts, but that is rarely the case.

It has to be fairly apparent that the end of this recession is going to usher in a new age for energy use.

Last week, I began a discussion on motivated leadership from a talk I heard by Mr. Rudolph Giuliani, former mayor of New York.

I had the opportunity a couple of weeks ago to hear Mr. Rudolph Giuliani discuss his visions on leadership.

The final part of our business plan must be a contingency plan.