Whether
you are working in a small or a big company, or you have
the intention to run such a company one day, you will have
to face with financial terms and procedures. Even if your
position is non-financial, you will be meeting finance
terms in your daily job.
Understanding business
finance basics is the crucial for understanding the
overall business and your role within. The finance basics
case study is spread across the following chapters. Each
one of them explains certain aspect of business finance.
Starting
the Business explains what
is initial financial statement, what is the
initial balance sheet and what is the difference
between investor and the Company.
The
Basic Links explains what
are the basic financial links and what does the
profit & loss statement shows.
Understanding
Cash and Profit shows more on what
is Customer Credit and what are Accounts
Receivable.
Delaying
Cash Payments tries to explain what
is Supplier's Credit Credit and what are Accounts
Receivable.
Period
Costs section is explaining what
are period costs and what are fixed and variable
costs?
Holding
Inventory explains what
is Product Inventory and how is booked in Balance
Sheet.
Loan
Financing tells what
is Loan financing and what is the Loan
principal.
Write
Offs explains what are write offs of
damaged or obsolete product.
Production
Ventures shows what
are production ventures, what are fixed assets and
what is Depreciation.
Accounting
for Inventory explains what
are methods of inventory value accounting.
Business
Profitability finally shows what
are measures of business profitability.
|