How to Understand Business Finance (Creating Success, 114) - Softcover

Cinnamon, Bob

Softcover

ISBN 10: 0749446684 ISBN 13: 9780749446680

Verlag: Kogan Page, 2006

Inhaltsangabe

"Explains accounting to the self-employed and small firms." - Observer

"The book is based on a highly visual and participative training event that brings the subject to life..." - Accountancy Age

The modern marketplace is increasingly unpredictable and there is an ever-greater need for non-financial managers to understand the financial and management accounting process.

How to Understand Business Finance is not written by an accountant and actually relates to running a business in a real market. It provides a quick and effective course from the perspective of the pursuit of business growth, and describes a business proceeding from initial set-up through its first year of trading.

As well as learning how to understand the balance sheet and profit and loss account, readers will also grasp the principles of: market dynamics; budgeting and forecasting; fixed and variable costs; break-even analysis; the difference between profit and cash; financial ratios for measuring business performance; investment appraisal; stock market ratios; shareholder value; financial measures for improving business performance, and much more.

Über diesen Titel

Über die Autorin bzw. den Autor

Bob Cinnamon is an educator with a global reputation. As a director of the international training and consultancy firm, INSIGHT Marketing and People, Bob runs his popular masterclass and in-company training programme, Demystifying Financial Management, that has helped hundreds of managers and company directors from small and medium-sized businesses to major multi-nationals. Operating in some 30 countries, current clients include AstraZeneca, Avecia, BP, BT, Dow Corning, Dulux, DuPont, Glaxo SmithKline, Huntsman, ICI, JD Edwards, Pfizer, PPG, Qiagen and RoyalSunAlliance.

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1 So why do you want to know more about finance?

Learning; A tale of two languages

2 The business cycle

Setting up a company; The Moving Balance Sheet®; Creating value; Cash and profit; Setting up and running the business - the opening month; Profit and loss (P&L) account;

The balance sheet; Month 2 business cycle; Going to the bank; Doing the books

3 The books and double-entry bookkeeping

Reports; Double-entry bookkeeping; Taxation

4 Where do all the business functions fit in?

Sales; Marketing; Manufacturing; Supply chain management; Human

resources; IT, maintenance and engineering; Research and development; Finance

5 Financial planning - the budgets

Budgeting; Cash flow forecast;

Avoiding bankruptcy; how to generate cash

6 Measuring business performance: financial ratios

Size; P&L account (income statement)

analysis; Balance sheet analysis

7 How our investors see us - stock market ratios

What accounts do our investors want to see?; Shares

8 Valuing a company

Asset value; Multipliers; Market capitalisation; Balanced scorecard;

Cash flows

9 Shareholder value and economic profit

Earnings before interest, tax, depreciation and amortisation (EBITDA); Economic profit; Total shareholder return (TSR)

10 The hidden costs - depreciation and amortisation

Depreciation; Goodwill; Intangible

assets; Capitalising costs

11 What must we sell to make a profit?

Variable costs; Fixed costs; Break-even point

12 Tools for evaluating projects

Payback; Discounted cash flow (DCF);

Net present value (NPV); Internal rate of

return (IRR); Terminal values; Economic profit; Pitfalls; Other factors

13 Where is all our cash? Managing working capital

Stock (inventories); Debtors; Creditors; Write-offs; Cash flow implications of working capital

14 Next steps...

Training; Contact details

15 Glossary of financial terms

Details zur Ausgabe

• Verlag: Kogan Page
• Erscheinungsdatum: 2006
• Sprache: Englisch
• ISBN 10: 0749446684
• ISBN 13: 9780749446680
• Einband: Tapa blanda
• Auflage: 1
• Anzahl der Seiten: 160
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar