Guide to Financial Management: Understand and Improve the Bottom Line

by The Economist

A practical and accessible overview of the fundamentals of business finance -- now in its third edition.

Managers are constantly expected to make decisions that reflect a full understanding of the financial consequences. In the absence of formal training, few people are prepared for the responsibilities of dealing with management reports, budgets, and capital proposals, and find themselves embarrassed by their lack of understanding.

This book is a practical guide to understanding and managing financial responsibilities. Each chapter examines actual tasks managers have to do, from "how to assemble a budget," "how to read variances on a report," to "how to construct a proposal to invest in new equipment," exploring the principles that can be applied to each task, illustrating practical ways these principles are used, and providing guidance for implementation.

Guide to Financial Management will help readers understand financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making, and investment appraisal. This third edition has been fully revised and expanded with detailed examples from 100 leading businesses around the world.

Genres: Accounting

416 pages, Paperback

Published August 21, 2018

About the author

The Economist is a globally trusted source for fact-checked reporting and analysis. We connect the dots—from politics, economics and business to science, technology and beyond—giving sharp insights into international news.

Reviews

[nini · Rating 3 out of 5]

i actually finished yesterday but i got side tracked .. i started this a decade ago it feels like but now fully read it 🗜️

[Jamie is · Rating 5 out of 5]

Literally every Economist publication I’ve read has been too-notch. Very practical/tactical