In today's turbulent business climate, the failure to quickly spot and solve financial problems can trigger fiscal crisis and doom even the healthiest company. This work shows nonfinancial and financial managers alike how to swiftly pinpoint, resolve and prevent the financial problems most likely to erode profitability and disrupt operations. Covering every facet of the daily management of a business' finances, 13 chapters provide an action-oriented approach to resolving virtually any problem having financial implications. By following six simple steps readers will learn to identify even the most challenging financial problem, analyze its causes, measure it, repair it and prevent it from reoccurring. Moreover, they will discover how to: pinpoint the source of cash flow difficulties and take immediate corrective action; trim the "fat" from a bloated organization with workable cost and inventory reduction programmes; adopt business financing strategies that minimize credit problems; establish optimum pricing policies to improve sales; reduce high employee costs associated with pension plans and health care; and avoid spillover effects that result from the problems at hand.
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Dr. Jae K. Shim is Professor of Finance and Accounting at California State University, Long Beach, and President of Delta Consulting Company, a financial consulting and training firm. Shim received is M.B.A. and Ph.D. from the University of California at Berkeley. He has been a consultant to commercial and nonprofit organizations for over 30 years. Dr. Shim has published numerous articles and over 50 college and professional books to his credit. Jae resides in Los Alamitos, CA.Review:
Preface 1. Cash Flow Disruptions 2. Disarray in Accounts Payable and Receivable 3. Inventory Shortfalls 4. Profit and Contribution Margin Analysis Are Off 5. Anemic Financial Statements 6. Costs Cut Into Profits 7. Financing Undermines Business Development 8. Risk Overshadows Return 9. Budgeting and Forecasting Problems 10. Noncompetitive Compensation 11. Sales and Advertising Miss Margins 12. Weak Internal Controls 13. Business Ownership Threatened 14. Tax Planning and Preparation
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Book Description Mcgraw-Hill, 1993. Paperback. Book Condition: New. book. Bookseller Inventory # M0070576041
Book Description Mcgraw-Hill. PAPERBACK. Book Condition: New. 0070576041 New Condition. Bookseller Inventory # NEW7.1891646