... relationships
● At work the person doing the job is the one who can make the most significant
contribution to improvements on the job
● The political value and power behind the equality movement ... them
8
INTRODUCTION
1
WITH SELF WITH OTHERS
What you feel
What you think
What you need
Their impact on you
Their behaviour
What you want from them
HONESTY
INTRODUCTION
ASSERTIVE...
... selfish. They know what they want and like, and
disregard the needs of others in satisfying their own needs.
Aggressive people think of themselves as superior beings. They think they are OK and
the ... expressing them
● Easily and frequently finds fault with others
● Continually works to personal agendas at the
expense of others
● Rarely feels aware of the needs or feelings of others...
... wish to change your behaviour; what would be the
advantages to you?
8. Make the decision whether or not to change, and act on your decision.
59
ASSERTIVENESS SKILLS
HANDLING CRITICISM
Criticism ... procedure or checklist to help you deal
with it.
1. Is the person qualified to make the criticism; do they know you well enough?
2. Is the behaviour being criticised something it is p...
... just the situation itself. It tells the other person directly the effect their
behaviour is having on you.
73
ASSERTIVENESS SKILLS
BROKEN RECORD EXAMPLES
Example 2
You: ‘I’m not satisfied with the ... ‘I want you to be on time’
The strength of these statements is that they let the other person know your exact
position and what you expect. They don’t have to guess. They can only...
... familiar
◆ The Balance Sheet tells me the value of the business’
◆ ‘At the year-end the retained profit must be somewhere; in the bank,
or the accountant’s drawer’
◆ ‘If the company’s share price ... compare the results of two businesses, the one which has made more
profit has done better’
◆ The accountant balances the Balance Sheet by entering a balancing
fig...
... over
the piece of paper; Bill hands over the £1 ,20 0.
Alex has made a gain of 20 0. The company has no involvement in the transaction and
its finances are therefore unaffected. Similarly, if the ... lose out but there will be no effect on the company accounts.
12
2
THE BUSINESS FINANCIAL MODEL
SOURCE OF FUNDS
IMPLICATIONS OF SHARE CAPITAL
● The shareholders own the bus...
... factors
contributing to the
outcome that
PROFIT CASH
These ideas are developed in The Managing Cashflow Pocketbook
25
2
≠
THE BUSINESS FINANCIAL MODEL
USE OF FUNDS
Items on the shopping list are ... ASSETS
THE BUSINESS FINANCIAL MODEL
USE OF FUNDS
WORKING CAPITAL CYCLE
The Working Capital
cycle can then
be shown as:
How much has the business invested in Working Capital?
● N...
... re-cycling is,
therefore, happening continuously, ie:
there is no tank at the bottom of the model,
simply a meter and a pump. Every year the
meter is set to zero and the profits are
measured as they are ... process continues
32
2
THE BUSINESS FINANCIAL MODEL
COMMON MISCONCEPTIONS
‘At the year-end the Retained Profit must be somewhere; in the bank,
or the accountant’s drawer...
... SERVICES
BALANCE SHEET
Financial picture
at a
point in time
THE BALANCE SHEET
FORMAT
The Balance Sheet format swops the two halves of the model over:
● Use of Funds appears at the top of the statement
● ... 51
Source of Funds 53
The Balancing Act 56
Summary 59
Published Format 65
45
THE BALANCE SHEET
FIXED ASSETS
DEPRECIATION OF FIXED ASSETS
By defin...
... the other 364 days of the year?
Chaotic? - perhaps!
63
THE BALANCE SHEET
ARC plc
THE
BALANCE
SHEET
59
£
THE BALANCE SHEET
VALUATION OF WORKING CAPITAL
The values shown in the Balance Sheet are ... THE BALANCE SHEET
THE BALANCING ACT
● You can’t do something with money you never had
● Neither can money you have had just disappear!
56
✗
✗
THE BALA...
... the
Balance Sheet as Debtors/Receivables.)
74
THE BALANCE SHEET
PUBLISHED FORMAT
The Balance Sheet
published format
A Report to the Owners of the Business
the Shareholders
● The published ... show the comparative figures for the preceding year
68
THE BALANCE SHEET
COMMON MISCONCEPTIONS
The Balance Sheet tells me the value of the business.’
No...
... be paid whether the company has had a good
year or not, so the greater the loan capital within the business,
the greater the financial risk.
● Tax: Whilst businesses aim to minimise their tax ... yet used for the products that have been sold will appear
as Stock on the Balance Sheet
● Goods received, but not yet paid for will appear under Creditors/Payables on
the Bal...
... use
Dividend: The part of Earnings paid out to the Shareholders in order 30
to give them an income on their investment
Earnings: The profits left for the Shareholders once all the business 30
costs ... Depreciation
Attributable The Revenue Expenditure associated with producing 27
Cost: and delivering the products sold during the period
Balance Sheet: A financial statement...
... Asset Values
Don’t let the accountant take sole responsibility!
106
NB
Please send me:
The
Balance Sheet
Pocketbook
The Pocketbook
The Pocketbook
The Pocketbook
The Pocketbook
Your details
Name
Position ... apportioning the
‘depreciable amount’ over the
‘effective useful life’.
102
NB
APPENDIX TWO
CALCULATING DEPRECIATION
OTHER METHODS
There are other methods of calc...