The Economist Guide to Financial Management: Principles and practice John Tennent

The Economist Guide to Financial Management: Principles and practice, by John Tennent

No biography is available.

In today’s business landscape, managers are expected to possess a thorough understanding of financial consequences in order to make informed decisions. However, without formal training, many individuals are ill-equipped to handle the responsibilities that come with managing reports, budgets, and capital proposals. This can often lead to embarrassment and frustration.

To address this need, The Economist Guide to Financial Management provides a practical and comprehensive guide to managing financial responsibilities. This resource examines various tasks that managers are required to perform, such as assembling budgets, reading variances on reports, and constructing proposals for new equipment investments. Each task is explored in-depth, including the range of principles that can be applied, practical examples of how these principles are used, and guidance for implementation.

Through this guide, readers will gain a solid understanding of financial jargon, financial statements, management accounts, performance measures, budgeting, costing, pricing, decision-making, and investment appraisal. This second edition has been fully revised and expanded to include detailed examples from 100 leading businesses around the world, making it an essential resource for managers seeking to improve their financial management skills.

Preface vi

1 Defining a successful business 1
2 Business structures 13
3 The role of the finance department 20
4 Financial statements and accounting systems 30
5 Accounting concepts and principles 51
6 Investors 77
7 Cost to serve 105
8 Product pricing and profitability 130
9 Portfolio management 144
10 Investment appraisal 161
11 Business planning, budgeting and reporting 201
12 Operational ratios and measures 232
13 Stockmarket and investor measures 261
14 Working capital management 281
15 Published reports and accounts 305
16 Accounting complexities 318

Glossary of financial terms 330
List of companies 341
References 344
Index 345

368 pages


First published May 15, 2008

Author's website:

  • Alibaba: The House That Jack Ma Built, by Duncan Clark
  • Amazon Unbound: Jeff Bezos and the Invention of a Global Empire, by Brad Stone
  • Berkshire Hathaway Letters to Shareholders, by Warren Buffet, Max Olson (Editor) , all shareholders letters
  • Built to Last: successful Habit of Visionary Companies, by Jim Collins, Jerry I. Porras
  • Elon Musk: Tesla, Space X, and the Quest for a Fantastic Future, by Ashlee Vance
  • Grinding It Out: The Making of McDonald's, by Ray Kroc, Robert Anderson
  • How Google Works, by Eric Schmidt, Jonathan Rosenberg
  • Steve Jobs, by Walter Isaacson
  • Made in Japan: Akio Morita and Sony, by Akio Morita, Edwin M. Reingold, Mitsuko Shimomura
  • Sam Walton: Made In America, by Sam Walton, John Huey
  • That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea, by Marc Randolph
  • Shoe Dog: A Memoir By the Creator of Nike, by Phil Knight
  • The Everything Store: Jeff Bezos and the Age of Amazon, by Brad Stone
  • The Pixar Touch: The Making of a Company, by David A. Price
  • Winning, by Jack Welch, Suzy Welch
  • Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time, by Howard Schultz, Dori Jones Yang
  • Losing My Virginity: How I've Survived, Had Fun, and Made a Fortune Doing Business My Way, by Richard Branson
  • Play Nice But Win: A Ceo's Journey from Founder to Leader, by Michael Dell, James Kaplan

  • The Innovator's Dilemma, by Clayton Christensen
  • Competitive Strategy: Techniques for Analyzing Industries and Competitors, by Michael Porter
  • Why Firms Succeed, by John Kay
  • Foundations of Corporate Success: How Business Strategies Add Value, by John Kay
  • Hare and the Tortoise: An Informal Guide to Business Strategy, by John Kay
  • Guide to Business Modelling, by John Tennent, Graham Friend
  • Business Strategy: A Guide to Effective Decision-Making, by Jeremy Kourdi
  • The Business of Economics, by John Kay
0 0 votes
Share your Rating!
Notify of
Inline Feedbacks
View all comments