Mastering Business Finance
What Every Manager Should KnowNosubjectseemstopervadeourlivesasmuchasfinance.Whetherit’swrestlingwithyourfamilybudgetorseeingifyourcompanyqualifiesforabankloan,financeloomslargerthananyothertechnicalsubjectonadailybasis.Withdownsizingofcompaniesandstaffs,managersateverylevelarehavingtofacefinancialmattersinever-greaterproportionstoday.Ifyouhaven’tyetbeenaskedtoscaledowninventoriesorsetupfinancingfordepartmentalprojects,chancesareyouwillbesoon.Intoday’scorporateenvironment,nonfinancialmanagersareexpectedtomakefinancialdecisionsfast.Infact,yourdecisionoftenwasdue“yesterday.”Ifthat’snotenoughpressure,thearrivalofcomputersandcyberspacehasgivenyourcompetitionaccesstomorefinancialfacts,ingreaterdetailandmorepromptly,thaneverbefore.Theneedtomakefinancialdecisionsquicklyisvitaltoyoursuccess.There’snotimeforanin‑depthstudyoffinancialconceptsandtheirmeaningwhenyourbossoryouremployeesareexpectingayesornoanswerrightaway.Thisreportismeanttostripawaythefearandconfusionyoumayexperienceaboutfinance.Itexplainsexpenseandcapitalbudgets,financialanalysisandcashmanagement,andtellsyouhowtogoaboutraisingmoney—allinlanguagethat’seasytounderstand.Weexplainjargonwherewehavetouseit—andwherewethinkthatapicturewouldbeworthathousandwords,you’llfindanexampleoranillustration.Unlikemostpublicationsonfinance,wegiveyounotjustthehowbutalsothewhyofthefinancialprocess.Ourgoal:tobringyouuptospeedfastonthefinancialtoolsyouneedtosucceedinbusinesstoday.
