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With over 33,000 copies sold, Key Management Ratios is a market “classic”. This new edition is re-packaged with a new jacket design to revitalise the Key Management brand and new two-colour internals make it more readable and visually appealing.
Key Management Ratiosis an antidote to any fear of finance. Drawing data from 200 companies worldwide, the book brings clarity and simplicity to its explanation of every measure and shows how they all link together to drive your business.
From cash flow and profit to ROI and ROTA, its unique approach remains as classic as ever, bringing a simple and visual understanding to a complex subject.
From the Back Cover
Financial measures are critical for business success and if you’re a manager, for your career. That may scare some people. But here’s the good news: there is a relatively small number of essential management ratios with which you can measure any aspect of business performance you need to. If you can master these, you will have a firm grip of business finance and need never be put off by the numbers again.
Key Management Ratios cuts straight to the measures that matter. It shows you what they are and explains exactly how they show just what’s going on in your company. Its clarity of explanation and unique visual presentation will help you quickly understand everything you need to know about business ratios.
THE CLEAREST GUIDE TO THE CRITICAL NUMBERS THAT DRIVE YOUR BUSINESS
About the Author
Ciaran Walsh is Senior Specialist Finance at the Irish Management Institute, Dublin. He is trained both as an economist and an accountant and had 15 years industry experience before joining the academic world. His work with senior managers over many years has enabled him to develop his own unique approach to training corporate finance. As a consequence, he has lectured in most European countries, and the Middle East. His main research interest is to identify and computerize the links that tie corporate growth and capital structure into stock market valuation.
After working under finance for more than 10 years and graduated with both a bachelor's degree in Accounting and MBA in Finance, I have never come across a better book on financial ratios and analysis than this. What Ciaran Walsh wrote here is a classic - his approach has been very illuminating yet simple. Unlike other supposedly-easy-to-use ratio books written by CPAs and PhDs for the non-financial public, Ciaran explains the intracacies of the Balance Sheet, Income and Cash Flow statements in an easy-to-understand language, step-by-step with clear examples. I am sure business people who lack the knowledge in accounting or finance will find this invaluable. Another great feature of this book is that it includes industry-wide benchmark ratio figures for UK, USA, Japanese, etc companies for comparison. This will be especially useful for would-be MBAs, etc in their financial (and to some extent strategic) analysis of real-life case studies. Should be a compulsory companion book to the normal textbooks for those pursuing business or finance majors at both undergraduate and Master's level. Ciaran Walsh's masterpiece is really way ahead of the rest.........
I'm very impressed with Mr. Walsh book (review based on 3rd print). I have never come across a textbook on this subject which made the links between balance sheet, income statement and cashflow so much clear right from the beginning. The set-up of the book is great with clear pictures accompanied with explanatory text. Whenever I have to review a certain term, just seeing the graphics brings it all back.
The book is short, clear and practical. Since I have it read first time about 5 years ago I recomended the book every employee in financial managent which I was willing to invest my time with.
Product Details :
- Series: Financial Times Series
- Paperback: 408 pages
- Publisher: FT Press; 4 edition (January 24, 2009)
- Language: English
- ISBN-10: 0273719092
- ISBN-13: 978-0273719090
- Product Dimensions: 9.2 x 6.2 x 1 inches
More Details about Key Management Ratios, 4th Edition (Financial Times Series)
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