Finance Book, The, 2nd edition

Published by FT Publishing International (April 22, 2022) © 2022

  • Stuart Warner Financial Fluency
  • Si Hussain
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THE KNOWLEDGE AND TOOLS EVERY PROFESSIONAL NEEDS, TO MAKE BETTER FINANCIAL AND BUSINESS DECISIONS.Why this book is different to other finance books:• Quick and easy to use• Spotlights “what you need to know”• Requires no prior finance knowledge• Practical and real-world focus• Written by practitioners


No knowledge required

The book is purposefully designed to be quick and easy to use with no previous knowledge required to comprehend the concepts. We “tell you what you need to know” to quickly “get up to speed” in core finance concepts.

A key feature of this book is that you do not have read it from cover to cover to make sense of finance. Each chapter is written as a “standalone” topic.  This enables you to dip in and dip out of chapters. Further, we have taken otherwise complex topics and broken them down into key concepts that are explained in concise, easy to read sections.

Practitioners not academics

Whilst not an academic book, it is also not a “simplistic” book.  It is a practical book because it has been written by practitioners. We include throughout this book our first-hand personal experiences gained from working in businesses across many industries and sectors, rather than replicating knowledge from academia. 

In addition, the authors have spent countless hours instructing, teaching and training thousands of professionals from disciplines including marketing, sales, production, administration, HR and legal.

Focused on business application

The overwhelming majority of finance books available are better suited to trainee accountants because they take an academic approach to finance.  Whilst necessary for accountants, they immerse the reader in the “detail”.

The Finance Book is written for non-finance people like you. It is aimed at those who work or aspire to work in business.

It will help professionals in business or thinking about a career in business including board directors, business managers, MBA students, graduates and undergraduates.

Your book, your journey

To make the book easy to read, we have used a consistent format across chapters. Within each chapter there are multiple cross references (and links) to other relevant chapters as they occur. This will enable you to review chapters and make connections relevant to you. Allow your curiosity to determine your path through the book.

THE KNOWLEDGE AND TOOLS EVERY PROFESSIONAL NEEDS, TO MAKE BETTER DECISIONS FOR THEIR BUSINESS

Introduction


Part 1 Finance Fundamentals
1 Finance personnel and systems
2 Cash versus accruals accounting

Part 2 Primary Financial Statements
3 Profit and loss (P&L)
4 The balance sheet
5 Cash flow statement

Part 3 Key Elements of Financial Statements
6 Revenue recognition
7 Opex and capex
8 Business tax
9 Tangible fixed assets and depreciation
10 Goodwill and other intangibles
11 Stock
12 Debtors and creditors
13 Prepayments and accruals
14 Provisions and contingencies
15 Capital and reserves
16 Group accounting
17 Revaluation
18 Impairment

Part 4 Financial and Regulatory Environment
19 Accounting and financial reporting standards
20 External financial audit
21 Information in the public domain
22 Corporate governance and whistleblowing

Part 5 Assessing Financial Health
23 Profitability performance measures
24 Working capital and liquidity management
25 Insolvency and going concern risk
26 Long-term solvency performance measures
27 Investor ratios
28 Business valuation

Part 6 Sources of Business Finance
29 Equity finance
30 Debt finance

Part 7 Financial Management
31 Management accounts
32 Profitable pricing
33 Profit planning
34 Budgeting and forecasting
35 Investment appraisal

Part 8 Practical application
36 Consolidate and apply
37 The reliability, relevance & trustworthiness of financial statements
Appendix: Greggs plc 2020 Financial Statements
 

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