Finance Basics (Collins Business Secrets): The experts tell all! - Softcover

Warner, Stuart

 
9780007328093: Finance Basics (Collins Business Secrets): The experts tell all!

Synopsis

The finance basics that experts and top professionals understand. Get results fast with this quick, easy guide to the fundamentals of Finance. Includes how to: * Analyse a business from its financial reports * Understand a Profit and Loss account * Make sense of accounting jargon * Build a financially sound business plan * Deal with revenue, profit and cashflow

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About the Author

Stuart Warner FCA is a chartered accountant with two decades of experience training both finance specialists and general managers. He is a director of Financial Fluency, and advises the board of one of the UK’s top accounting institutes.

From the Back Cover

Get ahead with inside knowledge.

From the Inside Flap

1. Understand the financial consequences of running a business - Business owners, managers and employees need to have a basic level of financial awareness to help a business succeed.

2. Get to grips with accounting fundamentals - Make sure you know basic financial terminology and concepts. Be familiar with the main financial statements produced by a business.

3. Know what makes a profit - Profit is the raison d'être for most businesses. Knowing how to make and increase profit is one of the key ingredients for business success.

4. Manage the cash - "Profit is sanity but cash is reality". Without cash a business cannot survive for long. Effective cash management will help a business to endure.

5. Prepare and use a budget - Many business's invest considerable time in budgeting but few do it successfully. Some simple and practical tips can improve the process.

6. Evaluate opportunities financially - Business's should use established techniques to help decide whether or not to commit time, resource and money on investment opportunities.

7. Measure business performance - A successful businesses can be judged by the size of its market value. Its performance can be measured by using financial ratios.

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