Financial Management Crash Course

Author: Li Yuzhou
Publisher:
Publish Date: 2003-01-01
Features: This book attempts to introduce the essentials of corporate financial management in concise language, focusing tightly on the core of financial management—goal management. It incorporates numerous vivid case studies throughout the book, enabling readers to grasp the central tasks of internal corporate financial management in the shortest time possible and become an effective business manager. Financial management is a crucial component of the internal operations of any enterprise or institution. Any subtle changes in the functioning of an enterprise's entire body can be reflected in its financial activities. Financial management is a crucial component of the internal operations of any enterprise or institution. Any subtle changes in the functioning of an enterprise's entire body can be reflected in its financial activities. This book attempts to introduce the essentials of corporate financial management in concise language, focusing tightly on the core of financial management—goal management. It incorporates numerous vivid case studies throughout the book, enabling readers to grasp the central tasks of internal corporate financial management in the shortest time possible and become an effective business manager. The content of this book includes chapters on the concept of effective financial management, the procedures of management, the key to effective financial management—clarifying goals, exception management, financial management knowledge, the relationship between quantity—cost—profit, the cost of capital and its calculation, the time value of money and its calculation, the risk value of investment and its measurement, cash flow; the selection of methods to achieve goals—decision-making, the classification and procedures of decision-making, methods of decision-making, analysis of common corporate decision cases, the specificization of goals—comprehensive budget management, an introduction to comprehensive budget management, several advanced budget preparation methods, and examples of corporate comprehensive budget preparation. The guarantee of goal achievement—responsibility center management methods, responsibility centers and responsibility costs, the division of responsibility centers, responsibility accounting systems, the realization of target costs—standard cost control, an overview of standard cost accounting management methods, methods of standard cost formulation, the practical application of standard cost accounting management methods, and the correct measurement of management performance—the contribution margin income statement, an introduction to the contribution margin income statement, the basis for preparing the contribution margin income statement—variable costing, a comparison between variable costing and absorption costing, and the combined application of variable costing and absorption costing, etc.