Financial management for non-financial managers / Clive Marsh.

Includes bibliographical references and index.

Financial Management for Non-Financial Managers is an accessible, practical and easy to understand guide that will allow any manager to gain confidence in understanding financial matters, managing a budget and dealing with bankers, accountants and finance professionals. A source of invaluable expert advice on all the essential aspects of financial management, it covers: business structures, accounting and financial statements, analysis and ratios, planning, budgeting, product and service costing, setting selling prices, investment appraisal, finance and working capital, taxation and international transactions. Online spreadsheets and worksheets are included to accompany key skills and practices explained in the book.

Online resources; Introduction; 01 Types of business structure and their finance; Sole proprietors; Partnerships: general and limited liability; Corporations; A company limited by shares; Limited companies; Public limited companies; Summary; 02 The role of the accounting and finance department; Financial accounting, payroll, budgeting, management accounting, taxation, treasury; Accounting and finance department relationships; Summary; 03 Accounting and financial statements; Double entry system and ledgers; Trial balance; Profit-and-loss account; Balance sheet.

Classification of assets and liabilitiesSource and application of funds statements; Principles: matching, accruals, deferrals, consistency, conservatism, accounting periods, materiality, going-concern concept, form and substance, full disclosure and clarity; Accounting and the environment; Neuroscience and accounting; Summary; 04 Analysis and financial ratios; Ratio analysis; Gross profit percentage; Net profit percentage; Current ratio; Liquidity ratio; Stock-turnover ratio; Debtors' days; Fixed assets turnover ratio; Gearing ratio; Return on capital employed ratio.

Return on equity: earnings per shareThe price-earnings ratio (PER); Earnings-yield; Dividend cover; Dividend yield; Summary; 05 Planning and budgeting; The planning and budgeting process; Departmental budgets and variance analysis; Key budgets: sales, production, materials, labour, overheads, capital; Some key departmental budgets; The direct materials budget; Capital budgets; Capital rationing; Summary; 06 Product and service costing and pricing; Types of cost: fixed, variable, semi-variable; Total cost and unit costs; Contribution, break-even point and marginal costing.

Absorption costing -- standard costingActivity-based costing (ABC); Selling prices and the sales mix; Summary; 07 Setting selling prices and marketing strategies; Pricing strategies; Summary; 08 Investment appraisal; Relevant cash flow; Pay-back period; Return on capital; Accounting rate of return (ARR); Discounted-cash-flow and net present value; The internal rate of return (IRR); Capital rationing; Summary; 09 Finance, funding and working capital; Finance and working capital; Short-term funds: overdrafts, short-term loans, invoice finance, trade credit, managing stocks.

Leases: short term -- long termTerm funding and long-term finance: optimal gearing, equity funds, ordinary shares, preference shares, debentures, bonds, convertibles, notes, subordinated debt, Eurobonds, commercial mortgages, venture capital, derivatives; Export finance: bills of exchange, letters of credit, export credit guarantees; Using retained earnings as a source of funds; Bank relationships; Covenants; Financing entrepreneurial thinking and venture capitalists; Interest-rate risk; Financial markets; Summary; 10 International transactions and currency risk.