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.
In this summary, you will learn
- How financial decisions affect a company;
- How certain important ratios and reports indicate a business’s strategy; and
- How to use financial data to analyze risks, opportunities and operations.
About the Author
Ralph Tiffin is principal of McLachlan + Tiffin, an auditing firm, and director of Tiffins.com, a training and consulting company.