Finance Basics (HBR 20-Minute Manager Series)

Harvard Business School Press


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Intimidated by corporate finance? The numbers (and the jargon) can feel overwhelming--but you have to understand them to manage effectively. Finance Basics explains the fundamentals simply and quickly, introducing you to key terms and concepts such as: How to navigate financial statementsHow to weigh costs and benefitsWhat's involved in budgeting and forecastingHow to gauge a company's financial health Don't have much time?

Get up to speed fast on the most essential business skills with HBR's 20-Minute Manager series. Whether you need a crash course or a brief refresher, each book in the series is a concise, practical primer that will help you brush up on a key management topic. Advice you can quickly read and apply, for ambitious professionals and aspiring executives--from the most trusted source in business. Also available as an ebook.

What will you learn from this book

  1. Financial Statements Understanding: Explaining how to read and interpret financial statements like balance sheets, income statements, and cash flow statements to assess a company's financial health.

  2. Cost Management: Introduction to different cost structures, methods of cost control, and understanding how costs impact the profitability of a business.

  3. Budgeting and Forecasting: Basics of creating budgets, forecasting techniques, and their significance in planning and managing financial performance.

  4. Cash Flow Management: Understanding cash flow cycles, managing working capital, and ensuring sufficient liquidity for business operations.

  5. Financial Ratios and Analysis: Introduction to key financial ratios for evaluating performance, solvency, liquidity, and profitability of a company.

  6. Investment Decisions: Basics of evaluating investment opportunities, including techniques like Net Present Value (NPV) and Internal Rate of Return (IRR).

  7. Risk Management: Introduction to identifying and managing financial risks such as market risk, credit risk, and operational risk.

  8. Capital Structure and Financing: Understanding various sources of capital, the impact of leverage, and choosing appropriate financing options for a business.

  9. Ethical Financial Decision-Making: Discussing ethical considerations in financial decision-making and the responsibilities of financial managers.

  10. Communication with Finance Teams: Emphasizing effective communication with finance professionals, asking relevant financial questions, and collaborating across departments for better financial decision-making.

Language English
ISBN-10 9781625270856
ISBN-13 9781625270856
No of pages 144
Font Size Medium
Book Publisher Harvard Business Review Press
Published Date 11 Mar 2014

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