ii Publisher's note Every possible effort has been made to ensure that the information contained in this book is accurate at the time of going to press, and the publishers and author cannot accept responsibility for any errors or omissions, however caused. No responsibility for loss or damage occasioned to any person acting, or refrain ing from action, as a result of the material in this publication can be accepted by the editor, the publisher or the author. First published in Great Britain and the United States in 2012 by Kogan Page Limited Apart from any fair dealing for the purposes of research or private study, or criticism or review, as permitted under the Copyright, Designs and Patents Act 1988, this pub lication may only be reproduced, stored or transmitted, in any form or by any means, with the prior permission in writing of the publishers, or in the case of reprographic reproduction in accordance with the terms and licences issued by the CLA. Enquiries concerning reproduction outside these terms should be sent to the publishers at the undermentioned addresses: 120 Pentonville Road London N1 9JN United Kingdom www.koganpage.com © Clive Marsh, 2012 The right of Clive Marsh to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. ISBN 978 0 7494 6467 7 E ISBN 978 0 7494 6468 4 British Library Cataloguing-in-Publication Data A CIP record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Marsh, Clive (Clive Mark Heath) Financial management for non financial managers / Clive Marsh. p. cm. Includes bibliographical references and index. ISBN 978 0 7494 6467 7 ­ ISBN 978 0 7494 6468 4 (ebook) 1. Business enterprises­Finance. 2. Corporations­Finance. I. Title. HG4026.M3647 2012 658.15­dc23 2011043164 Typeset by Graphicraft Limited, Hong Kong Printed and bound in India by Replika Press Pvt Ltd 1518 Walnut Street, Suite 1100 Philadelphia PA 19102 USA 4737/23 Ansari Road Daryaganj New Delhi 110002 India