Key Management Ratios: Master the management metrics that drive and control your business (3rd Edition) (Financial Times (Prentice Hall)) [Paperback]

Ciaran Walsh (Author)

Book Description

ISBN-10: 0273663453 | ISBN-13: 978-0273663454 | Publication Date: July 24, 2003 | Edition: 3

Business ratios are the guiding stars by which you steer your company's course; they provide your targets and your standards; they direct you towards the best long-term strategies as well as the smartest short-term solutions. You can't afford to leave them to the accountants. In Key Management Ratios, Third Edition, top financial educator Cieran Walsh teaches you everything you need to knowabout ratios to manage your business far more effectively. This book's thoroughly updated coverage includes: financial statements, balance sheets, and P&Ls; measures and drivers of operating performance; corporate liquidity, financial strength, and cash flow; determinants of corporate value; cost,volume, and price relationships; investment ratios, acquisition analysis, and Shareholder Value-Added (SVA). Simply put, Cieran Walsh enables you to link your company's financial fundamentals to its day-to-day operations--so you can make smarter decisions based on better information.

Editorial Reviews

Review

"Thank God for Ciaran Walsh's ultra-clear guide." Business Age magazine

From the Back Cover

Business ratios are the guiding stars by which you steer your company's course; they provide your targets and your standards; they direct you towards the best long-term strategies as well as the smartest short-term solutions. You can't afford to leave them to the accountants. In Key Management Ratios, Third Edition, top financial educator Cieran Walsh teaches you everything you need to knowabout ratios to manage your business far more effectively. This book's thoroughly updated coverage includes: financial statements, balance sheets, and P&Ls; measures and drivers of operating performance; corporate liquidity, financial strength, and cash flow; determinants of corporate value; cost,volume, and price relationships; investment ratios, acquisition analysis, and Shareholder Value-Added (SVA). Simply put, Cieran Walsh enables you to link your company's financial fundamentals to its day-to-day operations--so you can make smarter decisions based on better information.

See all Editorial Reviews

Product Details

• Paperback: 400 pages
• Publisher: Financial Times Prentice Hall; 3 edition (July 24, 2003)
• Language: English
• ISBN-10: 0273663453
• ISBN-13: 978-0273663454
• Product Dimensions: 9.1 x 6.2 x 0.8 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #906,750 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 16 people found the following review helpful:

5.0 out of 5 stars Very insightful! A definite MUST for business exec & MBAs, April 20, 2004

By 

"roeslan1969" (Kuala Lumpur, Malaysia) - See all my reviews

This review is from: Key Management Ratios: Master the management metrics that drive and control your business (3rd Edition) (Financial Times (Prentice Hall)) (Paperback)

After working under finance for more than 10 years and graduated with both a bachelor's degree in Accounting and MBA in Finance, I have never come across a better book on financial ratios and analysis than this. What Ciaran Walsh wrote here is a classic - his approach has been very illuminating yet simple. Unlike other supposedly-easy-to-use ratio books written by CPAs and PhDs for the non-financial public, Ciaran explains the intracacies of the Balance Sheet, Income and Cash Flow statements in an easy-to-understand language, step-by-step with clear examples. I am sure business people who lack the knowledge in accounting or finance will find this invaluable. Another great feature of this book is that it includes industry-wide benchmark ratio figures for UK, USA, Japanese, etc companies for comparison. This will be especially useful for would-be MBAs, etc in their financial (and to some extent strategic) analysis of real-life case studies. Should be a compulsory companion book to the normal textbooks for those pursuing business or finance majors at both undergraduate and Master's level. Ciaran Walsh's masterpiece is really way ahead of the rest.........

10 of 10 people found the following review helpful:

5.0 out of 5 stars Exceptionally well written, March 11, 2004

By 

Vijay Wunnava (Milford, Ct, USA) - See all my reviews

This review is from: Key Management Ratios: Master the management metrics that drive and control your business (3rd Edition) (Financial Times (Prentice Hall)) (Paperback)

If ever there was an un-putdownable book in financial management, this is it.

The author has extremely clear fundamentals, and makes it very easy to follow his logic every step of the way.

The introductory chapters on accounting are the best I have come across. The industry benchmarks are extremely useful. It would be great if we had a newer edition, with updated benchmarks, and a more industry-specific break up (e.g. software)

This book is a must-have for MBAs, under-grads, managers, small business owners, and just about anyone who needs to analyze ratios.

1 of 1 people found the following review helpful:

5.0 out of 5 stars The best book to get both overview and links between all financial term, November 1, 2008

By 

E. H. J. Peet (Zwolle, Netherlands) - See all my reviews
(REAL NAME)   

This review is from: Key Management Ratios (4th Edition) (Financial Times Series) (Paperback)

I'm very impressed with Mr. Walsh book (review based on 3rd print). I have never come across a textbook on this subject which made the links between balance sheet, income statement and cashflow so much clear right from the beginning. The set-up of the book is great with clear pictures accompanied with explanatory text. Whenever I have to review a certain term, just seeing the graphics brings it all back.