This book does not intend to transform the reader into a CPA or accounting Superstar. But rather provides a platform to individuals who find themselves intimidated by accounting types in a corporate meeting, or a student entering a business program or an individual who wants to follow a dream by opening a business but needs to understand the importance of gathering good information to make good business decisions. Know the difference between Custodial accounting and Managerial accounting. Learn about the Father of Accounting.
As we know, the rate of new businesses succeeding is low. New business owners must have good business plans in place and anticipate and plan for new business costs.
The author envisions this book to be designed as one small step in helping individuals understand how sound business decisions are made. It is is intended to be the first step in self-education on accounting concepts.
New from Steve Bragg, this book provides the tools for determining which costs a company should cut, without impacting its ability to deliver goods and services. It explains how to use throughput analysis in order to locate bottleneck operations in a company, which in turn dictates where capital investments should (and should not) be made.Delves into process analysis, to determine where excess resources are being used in a business process Describes the total cost of ownership, showing how a single purchasing decision actually snowballs into a variety of ancillary costs Shows how to create and use a spend management system to reduce procurement costs Shows how just-in-time systems can be used to eliminate inventory costs
Cost Reduction Analysis: Tools and Strategies provides examples to show how much cost can potentially be eliminated to avoid drastic action later that can imperil your corporation's direction and future.
Focusing on the core areas of financial management—basic concepts of finance, sources of finance, capital structure theories and planning, dividend policies, investment decisions, portfolio management and working capital management—as well as the areas of management accounting—changes in financial position, financial statement analysis and inter-firm comparison, budgetary control and standard costing, and cost information and management decisions—the book also delves on the contemporary topics, such as, financial environment, corporate governance and international financial management, in detail. In addition, it contains a number of case studies on various areas of finance and management accounting.
The current edition has been thoroughly revised keeping in view contemporary developments in the literature and applicable provisions of the Companies Act, 2013. Apart from updating the case studies, new cases have been added to support the relevance and quality of discussion.
Intended primarily for postgraduate students of commerce (M.Com) and management (MBA with finance specialization), the book will also be highly useful for undergraduate students of Commerce and Management, students of professional courses, such as, CA and ICWA, as well as professionals in the fields of financial management and management accounting.
The present treatise has been recommended by many Colleges, Management Institutes and Universities in India for their respective postgraduate and undergraduate commerce and management courses.