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Financial management

Maintaining financial discipline in your organisation and propelling you to the next level. This area contains several handy resources to ensure your business stays on the right track.
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Latest on financial management

Read our latest features and articles on financial management.
Finance for the Future 2023: open for submissions
  • Article
  • 28 Mar 2023
The awards for the finance teams, both big and small, taking the lead in addressing issues of climate change, social issues and natural capital is back for another year.
Public sector finances return to red
  • Article
  • 21 Mar 2023
February fiscal deficit hits £17bn, while the cumulative deficit for 11 months of £132bn doesn’t include backdated public sector pay awards.
January surplus small comfort for Chancellor ahead of Spring Budget
  • Article
  • 21 Feb 2023
Better than expected self assessment tax receipts helped generate a small fiscal surplus of £5bn in January.
Finance team toolkit part 4: the right people
  • Article
  • 17 Feb 2023
If the current war for talent shows us anything, it’s that systems and processes are nothing without talented people. Here finance transformation executive, Neil Cutting focuses on the ‘people pillar’ of organisational transformation.
ICAEW Students man at desk with laptop
Examiner hints and tips: Financial Accounting and Reporting
  • Article
  • 15 Feb 2023
The examiners share an overview and advice for the Financial Accounting and Reporting exam.
Corporates holding UK property prompted to check ATED valuations
  • Article
  • 01 Feb 2023
HMRC has sent letters to companies asking them to check whether the valuations they have used to determine annual tax on enveloped dwellings (ATED) liabilities since 2018 are correct.
Cost-of-living crisis to last until end of 2024
  • Article
  • 19 Jan 2023
Times are expected to get worse before they get better, with far-reaching impacts on financial resilience and health, Resolution Foundation report warns.
Public sector debt exceeds annual forecast in eight months
  • Article
  • 23 Dec 2022
Higher interest costs and energy support packages push public finances further into the red as the £105bn deficit heads towards revised forecast for the year of £177bn.
Read more

Topics in depth

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Budgeting
Find out more about all aspects of budgeting, from drawing up your first budget to refining your existing budgeting process.
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Business intelligence and management reporting
Find out more about business intelligence and management reporting with our selection of articles, reports, webinars, books and guides.
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Costing
Driving down costs without damaging the business. Find out more about cost management and cost control.
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Credit management
Find out more about credit management and control with our selection of articles, books and online resources.
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Financial modelling and forecasting
Use our resources to find out more about building financial models, the pitfalls of financial modelling and how to carry out effective forecasting.
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Hedging
Find out more about hedging with our selection of articles, books and online resources.
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Investment appraisal
Find out more about investment appraisal with our selection of articles and guides to help you identify best practice, techniques and tools to apply to your business.
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Treasury and cash flow management
Find out more about treasury management and cash flow with our selection of books, articles and guides.

Business calculations

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Business calculations
An A to Z of business calculations, formulas and ratios from our collection of online reference books.

Reports

Special Report 72 - The aspiring CFO
  • Report
  • 2021
A practical, realistic, hands-on and immense learning opportunity of all you need to know to become the CFO
Superforecasting: How to improve your forecasting skills
  • Report
  • 2021
Forecasting is an essential skill for finance professionals and managers. Business decisions of all kinds depend on effective approaches to looking ahead. This guide outlines the core principles of “Superforecasting” which will help you develop your forecasting skills.
Exclusive The CFO and Strategy
  • Report
  • 2020
Our first report explores the nature of strategy, particularly how CFOs balance planning and opportunism. We then consider the various aspects of the CFO's role in strategy.
Exclusive Special Report 69 - Effective collaboration
  • Report
  • 2020
Collaboration has been a trendy buzz word in business lexicon for some time now, but, as the pandemic has done with many other ‘nice-to-have’ skills, it has now become absolutely necessary to master. With your colleagues, business partners, suppliers and all other stakeholders more than likely working from home, and maybe even across different locations and time zones, effective collaboration is essential.
How to adapt your cash flow processes analysis and forecasting
  • Helpsheets and support
  • 2020
This guide, created by the Business and Management Faculty, shares nine principles for finance professionals to consider when seeking to adapt processes to improve cash flow analysis and forecasting.
COVID-19: nine principles for finance professionals
  • Helpsheets and support
  • 2020
16 April 2020 - The business impact of coronavirus (COVID-19) means effective cash flow analysis and forecasting have never been more important. This guide sets out some principles for adapting your approach to the current crisis.
COVID-19: Six actions for finance professionals on cash flow
  • Helpsheets and support
  • 2020
1 July 2021: How to get cash flowing into your business. This guide shares six practical actions finance professionals may wish to consider when considering cashflow to support their businesses through the coronavirus (COVID-19) crisis.
Preparing smarter business plans
  • Report
  • 2020
The ICAEW Business and Management Faculty shares hints and tips for businesses writing a business plan at a time when many businesses are applying for finance to help them through the pandemic.
More reports

Webinars

The role of finance in achieving net zero
  • Video
  • 08 Dec 2022
Kevin Berryman, CFO of professional technical services company Jacobs discusses his passion for sustainability, and the role of the finance function in addressing climate change.
Tax year end, Bounce Back Loans and cryptocurrency
  • Podcast
  • 23 Jun 2021
ICAEW’s Philippa Kelly and Lindsey Wicks and PwC’s Mike Jervis join host Tom Herbert to discuss the potential moving of tax year end, Bounce Back Loan repayment options, business restructuring and cryptocurrency.
Using scenario planning to navigate uncertainty
  • Webinar
  • 14 Apr 2021
This webinar explores how scenario planning can enhance preparedness and enable executive teams to respond rapidly to an ever changing business landscape.
Why collaboration with suppliers matters
  • Video
  • 09 Jun 2020
9 June 2020: As businesses look for ways to emerge successfully from the pandemic, supply chain management will be key. The best supplier relationships not only support cost effectiveness but also innovation and the generation of sustainable value.
Lessons for the private sector
  • Webinar
  • 20 Nov 2019
Sir Nicholas Macpherson's 2013 "Review of Quality Assurance of Government Models" resulted in wide ranging and robust changes to the management of business critical models in the sector. This webinar looks back at 5 years of Macpherson.
Stats skills in excel - Forecast probabilities
  • Webinar
  • 25 Sep 2018
Our Excel expert, John Tennent, talks us through the use of Normal distribution curves and Monte Carlo simulation to measure the impact of uncertainty in financial modelling.
Future proof your finance function
  • Webinar
  • 21 Mar 2017
How will engagement with technology and process automation affect the finance function in future?
Automating the month end
  • Webinar
  • 30 Oct 2015
This webinar will demonstrate a few essential functions of Excel and then show how they can be used to build a ‘bridge’ file between an accounting system and a management accounts pack, to truly enable you to automate much of your routine reporting.
More webinars

eBooks

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Exclusive Risk management and financial institutions
  • eBook
  • 2023
  • John C. Hull
  • John Wiley & Sons, Inc.
Looks at the activities of financial institutions, explains their regulation, and covers market risk, credit risk, operational risk, liquidity risk and model risk.
Exclusive Hands-on financial modeling with Excel for Microsoft 365: build your own practical financial models for effective forecasting, valuation, trading, and growth analysis
  • eBook
  • 2022
  • Shmuel Oluwa
  • Packt
Financial modeling is a core skill required by anyone who wants to build a career in finance. This book explores financial modeling terminologies with the help of Excel. Starting with the key concepts of Excel, such as formulas and functions, this updated second edition will help you to learn all about referencing frameworks and other advanced components for building financial models.
Exclusive Valuing a business: the analysis and appraisal of closely held companies
  • eBook
  • 2022
  • Shannon P. Pratt and the ASA Educational Foundation
  • McGraw Hill Education
Covers different valuation principles and methods.
Exclusive Financial modeling in Excel for dummies
  • eBook
  • 2022
  • Danielle Stein Fairhurst
  • John Wiley & Sons, Inc.
This books provides practical hands-on exercises to help you build powerful models from scratch, and to work with existing financial models in Excel. Includes chapters on tools and techniques for financial modeling, applying scenarios, charting and presenting model output, building an integrated financial statements model, discounted cash flow valuation, and budgeting for capital expenditure and depreciation.
Exclusive Fundamentals of transfer pricing: general topics and specific transactions
  • eBook
  • 2021
  • Michael Lang, Giammarco Cotani, Raffaele Petruzzi
  • Wolters Kluwer Law International
This guide explores the practical application of transfer pricing rules, offering examples and international judicial precedents. Chapters cover transfer pricing methods, approaches to prevent and resolve disputes, documentation, attribution of profits to permanent establishments, and specific transactions (such as services, financing, intangibles and business restructurings).
Exclusive BVB insights: data and analysis on UK private company multiples
  • eBook
  • 2021
  • Business Valuation Benchmarks
  • Business Valuation Benchmarks
Independent analysts, from BVB Ltd, have collated and interpreted transactions data involving private companies. The result is an in-depth overview of transaction multiples paid for UK private companies for the year ended December 2020 (previous editions are also available).
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

More eBooks

Online journals

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Journals and magazines
Online journals on financial management, available to ICAEW members, ACA students and other entitled users.

Articles and books in the ICAEW Library collection

The collection of the ICAEW Library & Information Service includes a range of articles, books and reports on financial management. Use the links below to see what we have available to request in our Library catalogue (Libcat).
Valuing a business: the analysis and appraisal of closely held companies
  • Library book
  • 2022
  • S.P.Pratt
  • New York: McGraw-Hill
Aims to offer clear, concise coverage of valuation principles and methods. Includes information on writing and reviewing business valuation reports, valuing specific assets, instruments and interests, valuations for specific purposes and litigation and dispute resolution.
Accounting essentials for hospitality managers
  • Library book
  • 2022
  • C.Guilding
  • Routledge
Aimed at non-accountant hospitality managers, this book provides a comprehensive overview of the most relevant accounting techniques and information for hospitality managers. Topics include: analysing transactions and preparing year-end financial statements; financial statement analysis; internal control; cost management issues; budgeting and responsibility accounting; flexible budgeting and variance analysis; performance measurement; cost information and pricing; working capital management; investment decision-making and revenue management.
Accounting for non-accountants
  • Library book
  • 2020
  • D.Horner
  • Kogan Page
An introductory text for managers and non specialists who wish to gain an overview of accounting. Includes chapters: financial record keeping; income statements; the balance sheet; further adjustments to the income statement; checking the double-entry system; accounting concepts; accounting for other business organisations; an introduction to business costing; marginal costing and decision making; standard costing; budgeting; working capital management; capital investment appraisal; an introduction to limited companies; published accounts of the limited company; accounting standards; statement of cash flows; accounting ratios; and the economic environment.
Practical share valuation
  • Library book
  • 2019
  • N.A. Eastaway
  • Bloomsbury Professional
This popular handbook aims to help practitioners understand and tackle the issues and potential problems that may arise when preparing and reviewing a valuation of unquoted shares or intangible assets.
Hospitality finance and accounting: Essential theory and practice
  • Library book
  • 2019
  • Rob Van Ginneken (ed.)
  • Routledge
This book provides a uniquely concise, accessible and comprehensive introduction to hospitality, finance and accounting from a managerial perspective. The concise chapters cover the essential concepts, ideas and formulas to be mastered within the hospitality industry including income statements, balance sheets, pricing and budgeting.
Cost accounting: a managerial emphasis
  • Library book
  • 2018
  • C.T. Hongren
  • Pearson
This book focuses on how cost accounting helps managers make better decisions, with chapters on topics including activity-based costing, activity-based management, inventory costing, balanced scorecard, cost management, transfer pricing and performance measurement.

To find out how you can borrow books from the Library please see our guide to borrowing books.

You can obtain copies of articles or extracts of books and reports through our document supply service.

External resources

A guide to financial management for SMEs
  • Website
  • GOV.UK
A September 2012 report compiled by ICAEW, ACCA and E&Y for the Department for Business, Innovation & Skills. Highlights the importance of financial management throughout business development and lists the financial questions for small and medium-sized enterprise (SME) owners to consider.
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