The successful manager or owner must be able to quickly identify and resolve shortterm problems in order to prevent their long-term deleterious effects. Shim's The Financial Troubleshooteris a handy desk reference for effective business management. Using a seven-step process, Shim illuminates each financial problem, creating a userfriendly, uniform format. Covering every facet of the daily management of a business' finances, it is designed to help managers pinpoint, resolve and prevent financial problems. In each case, it also points out potential spillover effects in which a problem in one sector can disrupt operations in other areas.
Table of Contents
Preface 1. Cash Flow Disruptions 2. Disarray in Accounts Payable and Receivable 3. Inventory Shortfalls 4. Profit and Contribution Margin Analysis Are Off 5. Anemic Financial Statements 6. Costs Cut Into Profits 7. Financing Undermines Business Development 8. Risk Overshadows Return 9. Budgeting and Forecasting Problems 10. Noncompetitive Compensation 11. Sales and Advertising Miss Margins 12. Weak Internal Controls 13. Business Ownership Threatened 14. Tax Planning and Preparation