Titlebook: Small Business Management; Jim Dewhurst,Paul Burns Textbook 1993Latest edition Jim Dewhurst and Paul Burns 1993 accounting.business.manage

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Financial and Other Services for SMEse advances are charged at an interest rate of 2–4 per cent above the credit factor’s base rate. In the case of ‘full’ credit factoring, the operation of the business’s sales ledger is taken over entirely by the factor, who collects the debts as they fall due. The administrative charge for this is 0.

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Risk Capital attention to this problem (though the special difficulties of these small businesses needing to bridge the gap between private and public sources of equity finance was looked at by the Macmillan Commission just after the war). Almost 10 years after Bolton the Wilson Committee addressed itself to th

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Costing Productsarticular departments or activities. It also needs to control the costs of particular products or services. A small business will probably not have separate departments until much later in its development. Its major problem will be controlling costs in total, as well as individual product costs. We

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Understanding Accountsunreal quality of a DSS handbook. Unfortunately for the businessesman a lack of understanding of basic accounting and finance is a sure recipe for bankruptcy. Balance-sheets and income statements can become fascinating reading if they relate to . money and . business.

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Financial Planning and Budgeting purchased at the appropriate time, if this proves a sound financial investment. Budgets therefore co-ordinate many of the decision-making aspects of financial management. They quantify expectations about the future in three major documents:

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Costing Productshave already noted that total costs comprise direct costs, indirect manufacturing costs and administrative costs. The problem, then, is to . these costs and then to assign them to individual products.

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Textbook 1993Latest editionurope, making this a central text for small business students in higher education and on a range of professional courses. It is also suitable for any SME manager who is looking to improve the performance of their business.

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