Accounting and Finance for Your Small Business | Accra Metropolitan University

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Accounting and Finance for Your Small Business

STEVEN M. BRAGG AND E. JAMES BURTON - Personal Name;

This book has been written for business owners and managers who want to refine the accounting and financial operations of their companies. It provides detailed information about how to run these operations, track cash flows, conduct analyses, analyze key financial information, create a corporate risk management strategy, and manage tax liabilities—in short, all of the key accounting and financial information required to operate a small business. Chapter 1 reveals the interlocking system of budgets, as well as how to set up a budgeting procedure and use standard budgeting formats to ensure that revenues are properly projected and matched to related costs. This is a very important issue for those cyclical industries in which expenses may be incurred well in advance of sales receipts; it is also a highly necessary method for controlling such key expense areas as payroll and inventory. Chapter 2 covers the budgeting techniques used for capital acquisition, such as discounted cash flows and payback analysis. We also note how to modify the capital budgeting procedure to account for high-risk expenditures, calculate the cost of capital, and stratify a set of possible capital acquisitions in terms of which is the most desirable. Chapter 3 describes the need for a solid set of controls to ensure that the business operates in accordance with its budget. We also note a wide array of basic controls that can be adopted by most businesses not only to ensure budgetary compliance, but also to reduce the risk of asset loss.

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Series Title: -
Call Number: -
Publisher: : ., 2013
Collation: 1-299
Language: English
ISBN/ISSN: 978-0-471-77156-2
Classification: NONE
Content Type: -
Media Type: -
Carrier Type: -
Edition: Second Edition
Subject(s): Accounting and Finance for Your Small Business
Specific Detail Info: -
Statement of Responsibility: -

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