The book will help the reader understand financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making and investment appraisal. It will be illustrated with numerous examples from a wide range of industries and not for profit organisations.
This guide is aimed at those who have never had any formal financial training but who have responsibility for financial aspects of the business they are involved in running. It covers all the facets of the financial management of a business in 16 chapters, as follows: Defining a successful business, Business structures, The role of the finance department, Financial statements and accounting systems, Accounting concepts and principles, Investors, Cost to serve, Product pricing and profitability, Portfolio management, Investment appraisal, Business planning, budgeting and reporting, Operational ratios and metrics, Stock market and investor measures, Working capital management, Published reports and accounts, Accounting complexities.
In addition, there is an easy-reference glossary of the financial terms used in the guide. Book jacket.With organizations driven to deliver on performance targets, such as shareholder value or level of service, managers are expected to make decisions fully understanding their financial consequences. Few nonfinancial specialists are prepared for the responsibilities of dealing with management reports, budgets, and capital proposals. Many find themselves confused by jargon and embarrassed by their lack of understanding.
Guide to Financial Management is a practical resource for understanding and managing these financial responsibilities.
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