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Financial Know-how for Non-financial Managers: Easy Ways to Understand Accounts and Financial Planning - Hardcover
Synopsis
One of the effects of modern, flatter management structures, combined with computerization and open accounting systems, has been to create line managers as budget holders, often down to first line manager level. Very few of these "budget holders" have any formal training in accountancy or accounting terminology. Equally, as people rise within a company they find they need a greater knowledge of accountancy if they are to plan strategically for their company's future success. Using examples, this book aims to meet the needs of non-financial managers who find themselves having to adopt accountancy procedures, be responsible for huge sums of money and deal with financial departments as part of their job. It looks at issues such the business system; accounting record systems; the accounting concepts; the balance sheet; the profit and loss account; cashflow; costing; budgets and budgeting; forecasting and financial planning; company audits; credit control; cost-cutting exercises; working capital control; stock control; intangible assets; understanding depreciation, and terminology.
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