Managerial Financial Management

Author: (USA) Luecke (Luecke/R.) / Jiao Xufeng et al
Publisher:
Publish Date: 2005-01-01
Features: The book "Financial Management for Managers" starts with financial statements and introduces readers to financial knowledge related to management in a step-by-step manner. It is not only suitable for corporate financial managers but also for non-financial managers. The book explains the basic financial concepts that non-financial managers need to understand. Whether you are in sales, marketing, manufacturing, product development, human resources, or other fields, understanding these financial concepts will help you work more effectively and achieve success. The financial concepts applicable to corporate managers are equally applicable to the owners and managers of small businesses. Knowing how to raise funds for assets, forecast future cash flows, budget, determine which business activities are profitable, and evaluate the true economic value of different investment opportunities will help you maintain and profit from your business operations. The book covers the fundamentals of finance. It will not make you a financial expert, a financial analyst, an auditor, or a Chief Financial Officer, but it will introduce you to the knowledge of using financial information wisely and how to plan and apply financial concepts to make better business decisions.
Chapter 1 and Chapter 2 discuss financial statements: the balance sheet, income statement, and cash flow statement.
Chapter 3 covers some selected important accounting concepts.
Chapter 4 focuses on tax issues.
Chapters 5 and 6 introduce the topic of financing for business operations and development, explaining the sources of corporate debt and equity structure.
Chapter 7 introduces the theme of budgeting.
Chapter 8 discusses financial tools that readers can use to make better decisions about internal and external investments.
Chapter 9 introduces more useful decision-making tools: Net Present Value (NPV) and Internal Rate of Return (IRR).
Chapter 10 covers the topic of value assessment.