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    A Concise Guide to Financial Accounts
    A Concise Guide to Financial Accounts
    A Concise Guide to Financial Accounts
    Ebook93 pages43 minutes

    A Concise Guide to Financial Accounts

    By Alan Le Marinel

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    About this ebook

    A Concise Guide to Financial Accounts provides advice and guidance on preparing your own accounts for your business. The book covers all the necessary elements of preparing financial projections and management accounts to enable the entrepreneur to take control of their business and avoid financial problems. There is also advice and guidance and how to present the financial accounts it in a logical and structured format that can be used by an Accountant to prepare the year-end financial statements.

    It is written by an experienced business professional who has substantial experience of putting together management accounts and financial projections for small businesses. Amongst other professional qualifications the author holds the Financial Studies Diploma awarded by the Chartered Institute of Bankers, the International Diploma in Marketing awarded by the Chartered Institute of Marketing together with an MBA specialising in Financial Strategy and Change Management from Sheffield Business School.

    LanguageEnglish
    PublisherAlan Le Marinel
    Release dateMay 3, 2017
    ISBN9781370081059
    A Concise Guide to Financial Accounts
    Author

    Alan Le Marinel

    Alan worked for a major financial institution for more than twenty years and during the latter stages was a Lending Manager with responsibility for a large portfolio of medium and small businesses. During this time he was also seconded to a Local Enterprise Agency to work with small and medium size businesses on developing Business Plans and Funding Proposals for a wide range of clients. Following this experience he started his own successful consultancy business specialising in strategic planning and marketing. He is also a successful author having written a number of business management books which have been published in various languages throughout the world. He holds a number of professional and academic qualifications including: •Master of Business Administration (MBA) specialising in Corporate Strategy and Change Management •Diploma in Financial Studies – Chartered Institute of Bankers •Diploma in Marketing – Chartered Institute of Marketing

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      Book preview

      A Concise Guide to Financial Accounts - Alan Le Marinel

      A Concise Guide to

      Financial Accounts

      By

      Alan Le Marinel

      Copyright Information

      Published by:

      Alan Le Marinel

      Le Marinel Consulting

      29 Athelhampton

      Washington

      Tyne and Wear

      NE38 8TA

      Copyright © Alan Le Marinel 2017

      The right of Alan Le Marinel to be identified as the Author of this work has been asserted by him in accordance with the Copyrights, Designs and Patents Rights Act of 1988

      All rights reserved. No part of this book may be reproduced in any form by print, photography, microfilm, or any other means without written permission from the publisher.

      This eBook is licensed for your personal enjoyment only. This eBook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favourite eBook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

      ISBN: 9781370081059

      Table of Contents

      Copyright Information

      About the Author

      Preface

      Chapter One — What Are Financial Accounts?

      1 — The Different Forms of Accounts

      2 — Why You Need Accounts

      3 — The Basic Contents of Accounts

      Making What Matters Work For You

      Chapter Two — Understanding Balance Sheets

      1 — Fixed Assets

      2 — Current Assets

      3 — Current Liabilities

      4 — Long Term Liabilities

      5 — Capital

      6 — Constructing Your Balance Sheet

      Making What Matters Work For You

      Chapter Three — Understanding a Profit and Loss Account

      1 — Sales

      2 — Cost of Sales

      3 — Gross Profit

      4 — Overheads

      5 — Net Profit

      6 — Constructing Your Profit and Loss Account

      Making What Matters Work For You

      Chapter Four — Understanding a Cash Flow Forecast

      1 — What Are They Used For?

      2 — How Are They Constructed?

      3 — Why Bother With Them At All?

      4 — Specimen Cash Flow Forecast

      Making What Matters Work For You

      Chapter Five — Understanding a Source and Application of Funds Statement

      1 — The Difference Between Funds and Cash

      2 — What Does It Show?

      3 — How Is It Used?

      4 — Specimen Source and Application of Funds Statement

      Making What Matters Work For You

      Chapter Six — Understanding the Use of Ratio Analysis

      1 — What Are Ratios?

      2 — How Are They Used?

      3 — Efficiency Ratios

      4 — Liquidity Ratios

      5 — Profitability Ratios

      Making What Matters Work For You

      About the Author

      Alan Le Marinel

      Alan worked for a major financial institution for more than twenty years and during the latter stages was a Lending Manager with responsibility for a large portfolio of medium and small businesses.

      During this time he was also seconded to a Local Enterprise Agency to work with small and medium size businesses on developing Business Plans, Marketing Plans and Funding Proposals for a wide range of clients. These included small business start-ups right the way up to management buy-outs and raising venture capital for substantial capital expenditure.

      Following this experience he started his own successful consultancy business specialising in strategic business planning and marketing together with advice and guidance on the prevention, detection and investigation of fraud.

      He is an accomplished author having written a number of business management books which have been published throughout the world.

      Preface

      All too often the owners of small businesses are very good at the practical aspects of running their businesses but totally inept when

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