The Financial Troubleshooter: Spotting and Solving Financial Problems in Your Company - Hardcover

Siegel, Joel G.; Shim, Jae K.; Minars, David

Hardcover

ISBN 10: 0070576033 ISBN 13: 9780070576032

Publisher: McGraw-Hill, 1993

Synopsis

What leads companies into financial trouble? More often than not, it's a series of small financial problems that have gone unnoticed, untreated, and unresolved until they erupt into damaging and sometimes catastrophic fiscal crises. That course of events is not inevitable. A company could hire an experienced financial troubleshooter who could immediately spot any financial problem in its earliest stages, analyze its causes, repair it quickly, prevent it from recurring, and neutralize its potential to spill over into other areas. But who can afford such expertise?
Now such expert guidance can be within your grasp. The Financial Troubleshooter is a ready reference that shows how to swiftly pinpoint, resolve, and prevent the financial problems most likely to erode profitability and disrupt your operations. Covering every facet of a business's finances, this hands-on guide shows you how to stop more than 100 all-too-common financial problems cold. Among them: cash flow disruptions, inventory shortfalls, unrealistic break-even points, deficient asset use, poor quality of earnings, excessive debt, lack of diversification, poor use of production capacity, excessive labor costs and recordkeeping errors.
What's more, by using this guide as a daily problem-solver, you'll not only avert a major fiscal crisis down the road, but also dramatically boost your company's performance, profitability, and competitiveness over both the short and long term. The Financial Trouble-shooter also shows you how to take financially savvy, preemptive moves like: setting price points that increase sales, trimming the hidden "fat" from organizational structure, establishing a high-receipt credit and collection program, creating low-cost, high-quality health care plans and responding swiftly, intelligently, and creatively to new business challenges in the '90s... and beyond!
Designed to help managers at all levels and in all functional areas, this one-stop reference will enable you to achieve significant bottom line results - even in today's challenging economic climate!

About this title

About the Author

Dr. Jae K. Shim is Professor of Finance and Accounting at California State University, Long Beach, and President of Delta Consulting Company, a financial consulting and training firm. Shim received is M.B.A. and Ph.D. from the University of California at Berkeley. He has been a consultant to commercial and nonprofit organizations for over 30 years. Dr. Shim has published numerous articles and over 50 college and professional books to his credit. Jae resides in Los Alamitos, CA.

Review

Preface 1. Cash Flow Disruptions 2. Disarray in Accounts Payable and Receivable 3. Inventory Shortfalls 4. Profit and Contribution Margin Analysis Are Off 5. Anemic Financial Statements 6. Costs Cut Into Profits 7. Financing Undermines Business Development 8. Risk Overshadows Return 9. Budgeting and Forecasting Problems 10. Noncompetitive Compensation 11. Sales and Advertising Miss Margins 12. Weak Internal Controls 13. Business Ownership Threatened 14. Tax Planning and Preparation

Edition details

• Publisher: McGraw-Hill
• Publication date: 1993
• ISBN 10: 0070576033
• ISBN 13: 9780070576032
• Binding: Hardcover
• Language: English
• Number of pages: 228