Commercial Awareness and Business Decision Making Skills

Introduction to the Book

The chances are that if you have picked this book from the shelf at the local library or bookshop, you have a career in business or are considering this as a probable direction in the future. This should imply that you have some idea of the mechanics by which business works, but let us stand back for a moment and ask ourselves a few questions the answers to be which might be rather uncomfortable!

Q:

How do businesses interact, in a written format, with the world around them?

Q:

When divisional directors prepare budgets for the period ahead what medium is used to subsequently compare actual with the budgets' predictions?

Q:

If you hold shares in a public company what is the main correspondence you receive in addition to notification of the annual general meeting and dividend tax vouchers?

Answers

Q:

Invoices, credit notes, goods received notes and so on.

Marketing flyers, brochures

Overdue payment reminders

Financial statements

Q:

Monthly management accounts

Q:

Summary financial statements

The common theme is financial information, and yet the very thought may have you in a cold sweat. However, there is some good news as financial information can be viewed very differently from the perception it conveys to most.

As with any good novel...

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