In smaller and medium-sized firms, principals are often placed in situations that demand financial training—training they haven’t generally had! Financial Management for Design Firms covers every aspect of financial management. With sharply increasing competition and a more sophisticated client, it is critical that a firm be properly managed if it expects to remain in practice, grow, and reward its principals and staff. This publication, delivered on CD-ROM, goes a long way in clearing up issues and setting principals on the right track to successful financial planning and financial management! This guide covers using financial information to improve performance, financial planning, trend analysis, assembling a budget income statement, negotiating agreements, invoicing and collections, developing a net revenue forecast, using IT effectively, glossary of accounting terms, and more!

In smaller and medium-sized firms, principals are often placed in situations that demand financial training—training they haven’t generally had! Financial Management for Design Firms covers every aspect of financial management. With sharply increasing competition and a more sophisticated client, it is critical that a firm be properly managed if it expects to remain in practice, grow, and reward its principals and staff. This publication, delivered on CD-ROM, goes a long way in clearing up issues and setting principals on the right track to successful financial planning and financial management! This guide covers using financial information to improve performance, financial planning, trend analysis, assembling a budget income statement, negotiating agreements, invoicing and collections, developing a net revenue forecast, using IT effectively, glossary of accounting terms, and more!

Chapter 1: Understanding financial statements

Chapter 2: Financial planning

Chapter 3: Overview of financial management

Chapter 4: Project budgeting and control

Chapter 5: Reporting financial information

Chapter 6: Accounting for special situations

Chapter 7: Accumulating capital and transferring ownership

Chapter 8: Using financial information to improve performance

Chapter 9: Using information technology effectively

Appendix A: Uniform Chart of Accounts

Appendix B: Glossary