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v. 1. What are budgets? How do they work? In Blakeway Ltd budgeting is vital to their manufacturing plans - but budgets depend on sales forecasts which are notoriously unreliable. Variance analysis is used to track the difference between estimates and reality. Budgets can be used to make staff more accountable and set priorities - but sometimes managers use up current budgets simply for fear of losing their money next year! --v. 2. A manager uses...

Jay expands his financial enlightenment. The profit and loss account (as described in The basics of finance I: are we making a profit) tells him a lot, but only the balance sheet will reveal to him the overall “financial health” of his company. Jay's friend takes him through the balance sheet explaining the key terms: fixed/current assets, current/long-term liabilities, creditors & debtors. She also shows him how to extract some basic financial...

v. 1. Vital to commercial success is how well businesses control their costs. These come in two basic types: direct and indirect. But in the real world classifying costs is rarely clear-cut. Manufacturer Blakeway Ltd divides its company up into cost and profit centres to help it monitor how different parts of its business are performing financially. But there's disagreement inside the company about how to act on the figures. --v. 2. Acme Whistles...

The film explains how two very different types of business manage their finances - high-flying salad bar chain Tossed and SRA, a social enterprise dedicated to helping people with mental health problems to get back to work. SOURCES OF FINANCE: Before you can do anything you need money. Tossed founder Vincent McKevitt deliberately avoided selling equity in his business, relying instead on loans from wherever he could get them. By contrast, as a social...

Ready to finance your venture the Kickstarter way? With equity crowdfunding rules finalized by the Securities and Exchange Commission, the landmark 2012 JOBS Act has finally gone live, freeing small businesses to raise up to $1 million without a lengthy, expensive IPO process. Legal and small business expert Cliff Ennico has followed the equity crowdfunding story since its inception. Here, he explains the federal legislation and translates the 685-page...

Finances dont have to put you in a funk! With the help of this all-encompassing book, youll get the easy-to-follow instruction you need to get your business ducks in a rowwithout ever losing your cool. Whether youre a numbers person or have never spent much time with a calculator, youll discover how to use QuickBooks 2019 to make it easier than ever to handle your finances.