This text will assist those studying to be managers, who are not financial specialists, to gain a clear understanding of financial management principles. Addresses the competency Manage Budgets and Financial Plans in the BS207 Business Services Training Package. The user-friendly text includes many learning features which enable clear and concise understanding of financial management concepts.

Table of Contents

PART 1 - MANAGE BUDGETS AND FINANCIAL PLANS 1 FINANCIAL MANAGEMENT PROCESSES 2 ACCOUNTING CONCEPTS 3 DEVELOPING BUDGETS AND FINANCIAL PLANS 4 CLARIFICATION OF BUDGETS AND FINANCIAL PLANS; AND NEGOTIATION FOR CHANGES 5 PREPARING CONTINGENCY PLANS 6 DISSEMINATION OF BUDGETS AND FINANCIAL PLANS 7 SUPPORT FOR COMPETENT PERFORMANCE; AND RESOURCES AND SYSTEMS 8 MONITORING PROCESSES FOR ACTUAL EXPENDITURE 9 VARIANCE ANALYSIS 10 IMPLEMENTING CONTINGENCY PLANS; AND REPORTS ON BUDGETS 11 EFFECTIVENESS OF FINANCIAL MANAGEMENT PROCESSES 12 IMPROVEMENTS TO FINANCIAL MANAGEMENT PROCESSES PART 2 - SUPPORT TOPICS 13 FINANCIAL MATHEMATICS AND OTHER TECHNIQUES 14 FINANCING SOURCES AND THEIR MIX 15 CASH FLOW TECHNIQUES FOR EVALUATING CAPITAL EXPENDITURE 16 TECHNIQUES FOR FINANCIAL ANALYSIS

About the Author

Ana Anandarajah has extensive industry experience as an accountant and budget controller. Al Aseervatham has industry experience and extensive vocational teaching experience in Accounting and Financial Management.Howard Reid is the Principal of Mountains Educational Services and Solutions.