Practical Financial Management: A Guide to Budgets, Balance Sheets and Business Finance

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Автор: Colin Barrow

Название: Practical Financial Management: A Guide to Budgets, Balance Sheets and Business Finance

Издательство: Cogan Page

Год: 2008

Формат: pdf

Размер: 6 mb

Язык: английский

For the tens of thousands of failed businesses the most common cause for closure is poor financial control. Indeed, surveys of businesses routinely indicate that a third of failures are accounted for in this manner. Directors and managers frequently leave financial questions to their accountants to sort out at the end of the year. They often have the mistaken belief that keeping the books is an activity quite divorced from the ‘real’ task of getting customers, making the product or delivering great service. By the time the figures are prepared by the accountant, most ailing businesses are already too far down the road to financial failure to be saved. Even the few businesspeople who do ask for advice, perhaps from an accountant or a bank manager, often do not understand the terms being used to explain the situation. The final accounts become all too final, and a good business proposition is ruined by financial illiteracy.