Effective Financial Management is part of the Effective Management series which is an innovative new series of high-quality management training texts allying student centred learning to core business knowledge. Each text will be a complete resource for managers, trainers and students of business who are studying at NVQ levels 4 and 5. In each of the main functional areas of business the books take a highly developed activity-based approach to learning and link key generic management skills to underpinning knowledge and concepts. This text goes right to the core of business. Many books emphasise the provision of financial information but fail to provide a practical dimension to the subject. In this book the authors apply and use the financial information to solve business problems. They focus both on managing the firm's finance and managing the firm through its financial information. Effective Financial Management builds on the information presented in I Effective Accounting Management to give an integrated approach to the whole subject of financial management.