Finance and Develop Financial Plans, Fifth Edition,
shows you how to control financial results effectively in a small business. To
do this, you need to: keep relevant records; report operating results; and plan financial performance.
This book is divided into three parts. Part A, Manage Finances: Financial Records, investigates simple financial records and record-keeping procedures and legal requirements for records. Part B, Manage Finances: Financial Reports, then examines preparing and analysing simple financial reports including income statements, cash flow statements and balance sheets. A business’s tax obligations are also addressed. Finally, Part C, Develop Financial Plans, examines profit planning, capital expenditure, budgeting, cash flow management and financing decisions.There is also a glossary at the end of the book of key record-keeping and financial terms, and a comprehensive index.
Each chapter has exercises within the text, a list of key terms, and a multiple-choice quiz. There are also assessment activities at the end of key chapters. The answers to the quizzes can be found at the end of the book.
After reading this book, you should be able to record, report and plan financial performance to successfully run a small business.
Running Your Business Better
About the book
190 x 245
BSBSBM402A – Plan small business finances; BSBSBM406A – Manage small business finances
About the authors
Ian Birt is an accountant and registered tax agent. He has degrees in accounting and law, as well as postgraduate diplomas in education and psychology. He has worked extensively in small business, at every level, and for an accounting firm specialising in small business clients.
an has taught small business financial management and taxation over many years in the vocational training system, and has written several successful books covering all aspects of small business management. The following books by Ian Birt are published by Tilde Publishing: Manage Finances and Develop Financial Plans: Running Your Business Better, Fifth Edition; and Marketing and Promoting Your Business: Products and Services, Second Edition; and Be Your Own Boss: The Practical Self-Employment Handbook.