Finance Book, The

Introduction

Part 1 Finance Fundamentals 1 Finance personnel and systems 2 Cash versus accruals accounting Part 2 Primary Financial Statements 3 Profit and loss (P&L) 4 The balance sheet 5 Cash flow statement Part 3 Key Elements of Financial Statements 6 Revenue recognition 7 Opex and capex 8 Business tax 9 Tangible fixed assets and depreciation 10 Goodwill and other intangibles 11 Stock 12 Debtors and creditors 13 Prepayments and accruals 14 Provisions and contingencies 15 Capital and reserves 16 Group accounting 17 Revaluation 18 Impairment Part 4 Financial and Regulatory Environment 19 Accounting and financial reporting standards 20 External financial audit 21 Information in the public domain 22 Corporate governance and whistleblowing Part 5 Assessing Financial Health 23 Profitability performance measures 24 Working capital and liquidity management 25 Insolvency and going concern risk 26 Long-term solvency performance measures 27 Investor ratios 28 Business valuation Part 6 Sources of Business Finance 29 Equity finance 30 Debt finance Part 7 Financial Management 31 Management accounts 32 Profitable pricing 33 Profit planning 34 Budgeting and forecasting 35 Investment appraisal Part 8 Practical application 36 Consolidate and apply 37 The reliability, relevance & trustworthiness of financial statements Appendix: Greggs plc 2020 Financial Statements