Managerial Finance provides a clear and readable explanation of the most important topics managers should understand about business finance. These include resource management, investment and decision making, as well as the practical use of financial rations and performance indicators. Real examples and case studies are used throughout to illustrate points in a practical context.
The book is based upon the Management Charter Initiative's Occupational Standards for Management NVQs and SVQs at Levels 4 & 5 and is also particularly suitable for managers on Certificate and Diploma in Management programmes, including those accredited by the IM and Edexcel (formerly BTEC).
Managerial Finance is part of the highly successful series of textbooks for managers which cover the knowledge and understanding required as part of any competency based management programme. The books cover the three main levels of management: supervisory/first-line management (NVQ level 3), middle management (Certificate/NVQ level 4) and senior management (Diploma/NVQ level 5).
Alan Parkinson is the Hill Samuel Senior Lecturer in Accounting & Finance at the Open Business School. He was previously responsible as Director of the Open University MBA Programme for launching the highly successful MBA Course.
Table of Contents
The flow of finance - Understanding and managing the flow of finance; Accounting for the flow of finance; The financing decision - Finding finance; Capital gearing structures; Operational gearing structures; The investment decision - Investing in the future; Quantifying the long-term investment decision; Complications in the investment decision; Cost savings, profit enhancement and ad hoc decisions; Other investment decisions - Understanding and managing the working capital decision; Business valuation; Managing through information - Understanding information; Managing through budgetary information; Using information to measure financial performance; Appendix - Glossary of accounting terms; Index.