The Barclays Guide to Financial Management

This is a guide to financial management written particularly for people either thinking of setting up a small business or actually running one.

Peter Wilson worked in manufacturing and retail management then joined the teaching faculty of the London Business School. He founded The Enterprise Partnership in 1983 to offer management development and consultancy services to SMEs. He has previously written books for the small business market.

Foreword

vii

Preface

ix

1 Financial management: why is it important?

1

(9)

Outline

1

(1)

Defining financial stability

2

(2)

Cash and profit: the basis of financial stability

4

(1)

Understanding financial management

5

(2)

Objectives, scope and coverage

7

(3)

2 The financial statements

10

(34)

Outline

10

(4)

The profit and loss account

14

(13)

The balance sheet

27

(10)

Presentation of accounts for sole traders and partnerships

37

(2)

Sources and applications of funds statement

39

(4)

Key points

43

(1)

3 Measuring financial performance

44

(20)

Outline

44

(1)

Using financial ratios to measure performance

45

(1)

Profitability ratios

46

(7)

Financial status ratios

53

(3)

Financial management ratios

56

(3)

Resource management ratios

59

(4)

Key points

63

(1)

4 Forecasting and budgeting procedures

64

(49)

Outline

64

(2)

The corporate plan: setting objectives and strategies

66

(6)

Forecasting methods

72

(15)

Completing the profit and loss accounts

87

(6)

Producing budgeted monthly profit and loss accounts

93

(3)

Cash flow forecasting

96

(8)

Forecasting balance sheets

104

(6)

Key points

110

(1)

Appendix: Alcock's Joinery Limited: corporate plan April 1988-March 1991

111

(2)

5 Financial information for monitoring and control systems

113

(52)

Outline

113

(1)

Management information systems

114

(7)

Information requirements for small businesses

121

(2)

Recording information: bookkeeping and other source documents

123

(14)

Control systems and monitoring procedures

137

(26)

Key points

163

(2)

6 Raising finance

165

(33)

Outline

165

(1)

Types and sources of finance

165

(11)

Criteria for investment in small businesses

176

(3)

The business plan

179

(7)

Key points

186

(1)

Appendix: Business plan for a sole trader, Wayne Lawrence t/a 'Jacket-in', at Kingston Business Centre, West London, September 1988

186

(12)

Supplementary reading

198

(3)

Getting started

198

(1)

Strategy

198

(1)

Finance and accounting

198

(1)

Marketing and selling

199

(1)

Organization and people

199

(1)

General

199

(1)

Sources of information

200

(1)

Glossary

201

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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The Barclays Guide to Financial Management for the Small Business

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

The Barclays Guide to Financial Management for the Small Business

Summary

Author Biography

Table of Contents

Supplemental Materials

Digital License