Key Financial Skills For South African Managers and Entrepreneurs with No Financial Background

Most managers and entrepreneurs end up in jobs or running companies where financial skills are critical to survival, but many do not have the basic understanding of money matters that is needed.



Most managers and entrepreneurs end up in jobs or running companies where financial skills are critical to survival, but many do not have the basic understanding of money matters that is needed. Key financial skills is written in an easy-to-follow style to help the reader master what could be quite intimidating information. It starts with an overview in simple English of the basic financial statements that any manager must be familiar with: income statement, cash flow, balance sheet, budgets. The whole financial system of a company is then discussed systematically, using a particular company as a case study throughout - we can see what happens to the company as it expands and its finances get more complicated. Once the whole field has been covered, the book focuses on those key business calculations that every businessperson should be familiar with. The title is written for the local accounting and tax environment, for people who are either new to the field or have only a basic understanding of it.