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Executive Finance and Strategy
Book

Executive Finance and Strategy

How to Understand and Use Financial Information to Set Strategic Goals

Kogan Page, 2014 更多详情


Editorial Rating

7

Qualities

  • Applicable

Recommendation

Financial strategy is a critical part of running any business. Nonfinancial managers, board members and executives must understand how this strategy improves their overall operations. Auditor and consultant Ralph Tiffin’s manual – complete with tables, case studies, accounting examples and definitions – addresses UK accounting rules more than US accounting standards, but is useful in either market. He offers solid strategic information that enables managers to see the impact of their firm’s strategy, behavior and ethics as reflected in its financial documents. Tiffin’s measured style can be dry and sometimes heavy going, but getAbstract recommends his basic compilation to nonfinancial managers and executives seeking full access to the valuable information inside corporate financial reports.

Take-Aways

  • Executives with a clear understanding of their company’s finances and of accounting procedures have a better chance of executing their strategies.
  • An “operational financial strategy” uses models and measures to plan and report information about relevant variables such as profits, efficiencies and cost reductions.
  • A “structural financial strategy” focuses on tactics for financing a business efficiently.

About the Author

Ralph Tiffin is principal of McLachlan + Tiffin, an auditing firm, and director of Tiffins.com, a training and consulting company.


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