| |
Description: Anyone involved with starting or managing a business should be financially literate. The most common cause of business failure is poor financial control stemming from ignorance of the basics of business finance.
Practical Financial Management is intended to help those who find business finance confusing. Now in its seventh edition, it continues to provide advice on proper financial planning and control, and reinforces essential points through the use of questions within each section. It covers:
¢ Balance sheets ¢ Profit and loss accounts ¢ Cash and funds flow ¢ Control of working capital and fixed assets ¢ Costs, pricing and profit decisions ¢ Budgeting and bookkeeping ¢ Improving performance ¢ Writing and presenting business plans
An essential read for managers, executives, aspiring entrepreneurs and those already in business, this book could mean the difference between success and failure.
Contents: Part 1 Assembling Financial Data ¢ Keeping the Books: The accounts you have to keep ¢ Getting some help ¢ The Cash Flow Statement: Why cash is king ¢ The structure of the cash flow statement ¢ Avoiding overtrading ¢ Estimating start-up cash requirements ¢ Cash flow spreadsheet tools ¢ The Profit-and-Loss Account: The difference between profit and cash ¢ Structuring the profit-and loss account ¢ Dealing with debtors and creditors ¢ Handling depreciation ¢ Cost of goods sold ¢ Profit and loss for a service business ¢ Profit-and-loss spreadsheet tool ¢ The Balance Sheet: A personal experience ¢ The public picture ¢ The structure of the business balance sheet ¢ The ground rules, concepts and conventions ¢ Accounting for stock ¢ Methods of depreciation ¢ The capital register ¢ Preparing a package of accounts ¢ Balance sheet and other online tools ¢ Part 2 Understanding the Figures ¢ Funding Strategies, Safety and Performance: Debt vs equity ¢ Using your own resources ¢ Borrowing money ¢ Getting an investor ¢ Going public ¢ Free money ¢ Using Ratios: Levels of profit ¢ Working capital relationships ¢ Return on investment (ROI) ¢ Market rests ¢ Combined ratios ¢ Getting company accounts ¢ Ratio analysis spreadsheets ¢ Cost, Volume, Pricing and Profit Decisions: Adding up the costs ¢ The components of cost ¢ Break even point ¢ Margin of safety ¢ Costing to meet profit ¢ Objectives ¢ Costing for special orders ¢ Real-time internet ¢ Pricing strategies ¢ Costing for business start-up ¢ Costing to identify unprofitable products and services ¢ Getting help with break-even ¢ Improving Performance: Pricing for profit ¢ Reducing costs ¢ Squeezing working Capital ¢ The profit-improvement programme ¢ Part 3 Figuring Out the Future ¢ Revenue Budgets: Budgeting for a business ¢ Timescale and detail ¢ Objectives ¢ Market appreciation ¢ Forecasting sales ¢ Resources appreciation ¢ Key strategies and operating plans ¢ Setting the budget ¢ Budget guidelines ¢ Monitoring performance ¢ Flexing the budget ¢ Seasonality and trends ¢ Cash and capital budgets ¢ Building a budget model ¢ Capital Budgets: Average return on capital employed (ARCE) ¢ Payback period ¢ Discounted cash flow ¢ Present value ¢ The profitability index ¢ Internal rate of return ¢ Risk and sensitivity analysis ¢ Dealing with inflation ¢ Appraising investments ¢ Some general factors in investment decisions ¢ Online capital budgeting calculator ¢ Preparing a Business Plan: Why you need a business plan ¢ Contents of the plan ¢ Tips on communicating the plan ¢ Part 4 Dealing with Regulatory Authorities ¢ Computing Taxes: Sole traders and partnerships ¢ Company taxation ¢ Which structure is best ¢ Minimizing taxes ¢ Dealing with employment taxes ¢ Value added tax (VAT) ¢ Surviving a tax investigation ¢ Help and advice with tax matters ¢ Finding a low-tax country ¢ Alternative Legal Structures: Their impact on financial procedures ¢ Sole traders ¢ Partnerships and limited partnerships ¢ Limited companies ¢ Cooperatives ¢ Help and advice on business ownership matters ¢ Directors` Role and Responsibilities: Directors` duties ¢ The companies act 2006 ¢ Holding board meetings ¢ Appointing a company secretary ¢ Taking meetings ¢ Appointing a company secretary ¢ Taking on auditors ¢ Wrongful trading and other misdemeanours ¢ Dealing with business failure ¢ Non-executive directors ¢ Index ¢ Index of advertisers
About the Author : Colin Barrow MBA was until recently Head of the Enterprise Group at Cranfield School of Management, United Kingdom, where he taught entrepreneurship on the MBA and other programmes. He is also a visiting professor at business schools in the United States, Asia, France, Ireland and Austria. Previous books published with Kogan Page include The Business Plan Worbook, The Successful Enterpreneur`s Guidebook and Starting a Business from Home (part of the new business Enterprise series).
Target Audience: Entrepreneurs
Special prices are applicable to the authorised sales territory only.
Prices are subject to change without prior notice. ISBN 9788175544833
|
| |
Pages : 224
|