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| Accounting |
Author(s) - Professor Nial Lothian and Professor John Small Overview What do profit and loss accounts and balance sheets tell you? They are valuable sources of insight into the financial strength of competitors but you have to know what you are looking for. In fact, many managers are unaware of the financial position of their own organizations. How much should you charge for your products? To decide this, you have to know how much they cost and this is notoriously difficult to determine. An understanding of financial and management accounting techniques, and their strengths and weaknesses are essential for effective decision making. Topics Covered
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