Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
Financial Guide for SMEs - SME Corporation Malaysia
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Section I : Business Finance BasicsKeeping the book <strong>for</strong> your business canprovide valuable in<strong>for</strong>mation to enable younot only to prepare the fi nancial statements,but also to gain a better understanding onthe financial position of your business andhave insights into how to improve businessoperations. Good fi nancial systems will assistin monitoring the fi nancial situation, managingthe fi nancial position and measuring thesuccess of your business.In this fi rst section, we will look at the threekey fi nancial statements and discuss onhow you can use this in<strong>for</strong>mation to improvebusiness operations through ratio analysisand to prepare an operating budget.<strong>Financial</strong> <strong>Guide</strong> <strong>for</strong> <strong><strong>SME</strong>s</strong>Implementing goodfi nancial practices inyour businesswill providesound fi nancialin<strong>for</strong>mation that canidentify currentissues and be usedto plan <strong>for</strong> thesuccessful fi nancialfuture of yourbusiness9chapter 1 01-21 Eng.indd 98/15/11 5:01:23 PM
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