Summary of Executive Finance and Strategy

How to Understand and Use Financial Information to Set Strategic Goals

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Executive Finance and Strategy book summary
Understanding financial statements is the key to business success now and in the future.


7 Overall

8 Applicability

6 Innovation

6 Style


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
  • How to use financial data to analyze risks, opportunities and operations


Strategic Accounting
Companies use accounting to plan, implement and monitor their business strategies. Modeling and financial reporting are tools for developing policies and pursuing profits. Accurate bookkeeping and accounting provide a verifiable way for executives to ascertain the ...
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About the Author

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

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