Basic Business finance
Basic Business finance
Description
This title introduces you to the exciting and most important world of basic business finance. The text endeavours to answer questions such as: How do I interpret the figures on a balance sheet and an income statement? What is the meaning of the concepts 'capital', 'income' and 'profit'? How do we know if the business is covering all its costs? What do we mean by the fundamental financial concept 'the time value of money'? The answers to all of these questions will ultimately affect the long-term survival and success of your business. In endeavouring to answer these questions the text covers either chapters, each commencing with learning outcomes to be addressed in that chapter. The aim of this title is to equip you with the knowledge of basic business finance principles and the skills required to practise these principles in your own business. Basic Business Finance follows an outcomes-based approach and is suitable for use either directly in your business or in any basic course on the principles of business finance. Each chapter concludes with self-test questions.