Masters in Management Series

Mastering Financial Management

Demystify Finance and Transform Your Financial Skills of Management

October 1998
More details
  • Publisher
  • Published
    21st October 1998
  • ISBN 9781854180674
  • Language English
  • Pages 260 pp.
  • Size 8" x 8"
  • Images illus

This book enables you to master the commercial essentials of the subject and teaches you techniques that will be of immediate use. It provides a practical guide to financial accounting, budgetary control and management accounting, the relationship between the enterprise and its investors and sources of capital, financial analysis techniques, principles and structure of financial management and techniques for strategic, tactical and operational decision making.

CHAPTER 1: FINANCE MAKES THE WORLD GO ROUND: Who this is for; Overview; Rules governing accounting; Corporate financial health; SSAP 2; Basic accounts; Balance sheet; Current assets and current liabilities; Long-term liabilities; Other side of the balance sheet; CHAPTER 2: ANALYSING PERFORMANCE: Interpreting accounts using ratio analysis; Profitability measures; Balance sheet measures; Finance ratios; Match the business with ratios; Proforma ratios; Match the business with ratios: solution; Practical working capital management; Detailed case study; CHAPTER 3: EXTERNAL ANALYSIS: A source of intelligence; CHAPTER 4: REVIEW OF ACCOUNTING PRINCIPLES: Introduction; Fixed assets and depreciation; Long-term liabilities; Owners’ equity in companies; Notes to the accounts; GAAP mechanism; Auditing principles; CHAPTER 5: BUDGETING AND MANAGEMENT ACCOUNTING; Budgeting; Setting a budget; Reviewing a budget; Zero-based budgeting; Monitoring a budget; Management accounting; Better management accounting; CHAPTER 6: COSTS: Introduction; Break-even; Building up costs; Decision-making; Golden rules for decisions; Organisational decision flaws; Pros and cons of profit centres; CHAPTER 7: COMPUTING FUTURE DECISIONS: Dealing with the future; Accounting rate of return; Payback period; Time value of money; Discounted cash flow; Summary of criteria; Interest rate; Time scale; Accuracy; Learning cycle; Comprehensive example; Final thoughts.

Stephen Brookson

Stephen Brookson qualified as a Chartered Accountant with Peat Marwick in 1980 and, after a period with Grand Metropolitan plc, joined a leading organisation specialising in the provision of training for chartered accountants. During this time he gained extensive experience of writing and presenting programmes on accountancy and taxation. He then joined Ernst and Young for a number of years as a consultant, leaving to set up his own consultancy working in the public and private sectors, both in the UK and overseas.