Publisher's Synopsis
This is a clear and concise guide to basic business finance financial statements, balance sheets, departmental budgets, sales forecasts and other everyday financial formats and formulae. The text covers the range of topics on the financial end of management, including; keys to deciphering statements and balance sheets, understanding basic accounting concepts for designing budgets and P&Ls, simple formulae for understanding inventory principles, clear descriptions of economic rules and investment basics as well as the latest federal tax and regulatory legislation that affect the financial decisions of a manager;The book is completely updated with new examples, charts, and tables which explain the relevant concepts. It should enable managers to translate financial jargon in order to develop a sound basis for carrying out their strategic planning and decision-making responsibilities.
