Other versions by this Author
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 suit
Author Biography
Stuart Warner Bsc (Hons) FCA, BFP, Cert IoD
Stuart is the author of four finance books. His goal is to help businesses increase productivity and profits through innovative, engaging and experiential finance training programmes. He delivers training and consultancy internationally across multiple sectors. Over his career, Stuart has trained thousands of people. He has taught accounting trainees for professional qualifications and has delivered CPD courses for qualified accountants and interactive courses for non-finance professionals from graduate to board level. Stuart studied management sciences at UMIST and became a Chartered Accountant whilst working at PwC.
Si Hussain BSc (Hons) FCA, BFP, FHEA, PgCert (HE)
Saieem (Si) trained with KPMG qualifying as a Chartered Accountant in 1991.
During his 30+ year career, Si has delivered financial training programmes to countless professionals and has held senior roles in companies, including Chief Executive of BPP Professional Education. He continues to teach finance to a full spectrum of professionals including managers and directors, non-finance professionals as well as those starting out on their careers.
Si is an experienced facilitator and training consultant providing services to a wide range of organisations.
Table of Contents
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