Summary |
Business Finance for risk Management is intended to cover the broad areas of financial and management accounting. For this reason, the text considers the basic elements of book-keeping in order to give the reader an understanding of the principles underlying the accounting process. Later chapters incorporate such topics as the structuring of the accounts of the sole trader, the partnership and corporations. This is complemented by the management aspects of accounting wherein the reader is introduced to an analytical framework for the interpretation of accounts and the principles of budgeting, pricing and investment appraisal.
Readers must be clear that it is not possible in a book of this length to consider all the aspects of these subjects in detail and hence in some areas it is only possible to give a surface discussion for example as found in recent statutory developments. Nevertheless, this text provides a base from which a ‘fine-tuning’ may take place; wider, more specific reading is essential if learning is to be effective.
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