A Useful Guide to Finance for the Non-Financial Manager

Authors: Richard Polom
ISBN: 978-1-909025-06-6


Who or what is a non-financial manager? It is difficult to think of any management role in any organisation that does not involve some financial responsibility or responsibility for action that has financial consequences.

One of the purposes of this guide, therefore, is to present a wider view of finance and its impact on everyone working in, or with, a business organisation.

This guide is aimed at people who want to:

  • develop their understanding of the broader role of finance in management
  • know what the language of finance means and to recognise the techniques used
  • feel confident in discussion with other people on the subject of finance in management.

  • This guide is selective in the areas covered; it is not an instruction manual in accounting or finance. It will use simplified examples and exercises to explain the terminology and concepts used throughout finance.

    The intention is to provide a comprehensive overview of the main concepts in Financial and Management Accounting, with some introduction of topics relevant to management control and decision-making.

    Firstly, there will be an overview of the main finance areas and the role they perform, followed by discussion as to how financial information can be used to improve organisational performance.

    There are many publications that cover any or all of these in greater depth, if you have the time and the need to study them. We hope this brief introduction will provide you with some practical knowledge and the interest to take things further.

    Upon completion you will be able to:

  • Understand why finance specialists say what they say, and uncover the assumptions they make in saying it; don't take anything for granted and don't be afraid to ask
  • Challenge non-financial managers who use financial arguments or figures, in order to check that they really know what they are talking about
  • Have a good look at your own assumptions and prejudices, and use this as an opportunity to think about how business works and how it can be improved, through a better understanding and use of finance.

  • This Useful Guide will therefore:

  • Describe the main rules and principles of financial accounting, reporting and management, in everyday terms
  • Provide examples to illustrate the way information is collected and presented
  • Show you how to read financial reports and accounts, and other documents
  • Offer some short exercises to test understanding
  • Ask you to think hard about why things are done in a particular way and what that means.

  • About the Author

    Richard Polom is an interim manager and industry consultant - with special expertise in:

  • Strategic planning and financial decision-making
  • Negotiating internal and external business arrangements, commercial agreements and contracts
  • Leading pricing and investment case analysis, business case preparation and procurement operations
  • Functional or programme leadership, team management and development skills

  • He is the also the author of...

  • A Useful Guide to Business Cases
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    A Useful Guide to Finance for the Non-Financial Manager

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