Basic Arts Of Financial Management 1st Edition

Out Of Print... All operational managers spend and invest money. Often they do not know where the money they use actually comes from nor realise the financial consequences of their decisions. Thus a general understanding of finance is a necessity if errors are to be avoided. The Basic Arts of Financial Management will give all non-financial executives the solid grounding they need. It is written from the viewpoint of the manager, rather than the accountant, and seeks to explain and analyse, succinctly, financial data and its relevance to decisions that are made. Commonsense has been given precedence over convention and jargon has been kept to a minimum. The book is comprehensive in its coverage - the balance sheet, costing, pricing, corporate obiectives, financial management, management ratios, profit and cash flow are all discussed. A number of distinctions are also made, for example, between profit, which is often subect to arbitrary factors, and cash, which is factual, and between cost and value - two distinct concepts which are often confused in conventional accounting. Aimed at managers with general business experience, the book is ideal for all executives and self-employed businessmen with no formal financial training. It will enable them to communicate more effectively with accountants. It is also ideal reading for students at Business Schools studying finance and general business subjects.