Finance is not for financiers. A book for investors, traders and more

We often hear that to trade on Forex or the stock exchange it is not at all necessary to be a financier or economist, it is enough to be able to analyze.

Yes, to some extent this is true, but still, a future trader will never lack fundamental knowledge from the field of economics and finance.

Knowing the basics of financial analysis and money management can make your investments more efficient and profitable.

Today you will get acquainted with a book on this topic; unlike similar textbooks, it is intended for a wide range of readers, which is why it is called “Finance is not for financiers.”

As its author says, “It is written in human language,” that is, without excessive use of specific terminology. A more understandable style.

Another feature is that the book was written by a woman, Lyudmila Yarukhina, who was able to completely cope with the task.

Briefly about the content:

Financial statements – what it is and what information can be obtained by reading the balance sheet and income statement. Practical examples.

Financial analysis made easy – why financial analysis is carried out, and most importantly, where to find the information necessary to carry it out. Considered indicators and methods of analysis.

Cash management – types of cash flows and their management, everything about the company’s budget, cash management map.

Working capital management – what the structure of funds consists of, the main cycles of working capital.

Inventory Management – what is the essence of inventory management, the concept of turnover and profitability.

Accounts receivable management – what is called accounts receivable and what role does it play for the company, management of this type of balance sheet asset.

Profit management – how to increase profits by reducing costs, what is the difference between marginal profit and net profit, break-even point.

Reporting for the owner – what you should pay attention to and what types of reports will be most important.

Overall, the book is quite useful, especially for a person who has never dealt with finance and reporting. For a trader, the first two chapters will be the most interesting and useful.

Download Finance is not for financiers