Great Reads

For any of you who want to increase your financial and commercial awareness, these are our top two recommended reads  – both are no-nonsense guides to business finance, explaining key principles in a jargon-free and accessible way.

David Meckin, Naked Finance, Nicholas Brearley Publishing; (2007)

This is a particularly good starting point on your financial awareness journey.  Meckin strips away all the technical jargon, explaining all the key points in an easy to understand way.  And what's more he uses pictures to clarify points too - great if you're a visual learner!


Click on the thumbnail opposite to be taken to the relevant Amazon page to order.


Karen Berman and Joe Knight, Financial Intelligence, Revised Edition: A Manager’s Guide to Knowing What the Numbers Really Mean, Harvard Business Review Press; (2013)

Karen Berman and Joe Knight are passionate ambassadors for making finance accessible to everyone.  Interesting case studies highlight key points.  


Click on the thumbnail for a link to the relevant Amazon page.

Useful Videos

The guys at Moneyweek have put together some really helpful and snappy videos.  Below are the ones relating to the three key financial statements - the Profit and Loss Account, the Balance Sheet and the Cash Flow Statement.  

If you have already attended one of our workshops, please log in to your members area and you will find more videos to help you with key ratios and other financial topics.

What is profit?

Here Tim Bennett, the former Moneyweek deputy editor,  explains what goes into the profit figure and the key profitability margins: gross profit margin, operating profit margin and net profit margin.  He also covers the dividend payout ratio and gives a brief explanation of EBIT and EBITDA.

What is a balance sheet?

Here Tim covers the balance sheet, or statement of financial position as it is also referred to.  The relationship between assets, liabilities and shareholders' funds are clearly explained. 

What is a cash flow statement?

The cash flow statement is becoming increasingly important since it is the only statement where investors can see what the company is actually doing with its cash.  Cash is of course the lifeblood of any organisation, and this statement is like a window onto its bank account for the past year.