Corporate Edge – Developing Business Acumen
The Economist Guide to Financial Management

Learning Resources

The Economist Guide to Financial Management

By: John Tennent

Price: £20.00
ISBN: 186197809

Managers are constantly expected to make decisions fully understanding the financial consequence. 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: 'how to assemble a budget', 'how to read variances on a report', and 'how to construct a proposal to invest in a new project'. By taking the actual tasks that managers have to do, each chapter explores the range of principles that can be applied, illustrate practical ways the principles are used and provide guidance for implementation.

The book helps the reader understand financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making and investment appraisal. It is illustrated with numerous examples from a wide range of industries and not for profit organisations.

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