Finance for Non-financial Managers

A Guide to Finance for Non-financial Managers

A Guide to Finance for Non-financial Managers

Learning how to survey and manage your financial position is perhaps the most important part of running a successful business. Whatever your background, you will need to know how to collect figures and use them to establish your performance, your problems, and your opportunities for growth. This guide will help you to manage your profits and losses plus your cashflow and profitability, by carefully preparing balance sheets and realistic budgets. How do I manage my profits and losses? You need to compose a profit and loss statement. This records all the sales, expenses, costs, profits and losses for the previous ‘accounting period’ (commonly one year) , as well as any tax provisions. It gives you a picture of your trading performance, and allows you to identify any growth or problem areas. ... »