A Practical Guide to Financial Management: Tips and Techniques for the Non-Financial Manager


137 pages
Contains Illustrations
ISBN 0-88908-600-1




Reviewed by Ruth Kennedy

Ruth Kennedy was a librarian and fitness instructor in Islington, Ontario.


The beginning or potential small business person is unlikely to be knowledgeable in all the necessary financial information needed to succeed and to avoid bankruptcy. Many small business failures are the result of ignorance of some aspects of money management know-how, and not the result of insufficient hard work on the wrong product. This book reduces complicated information to clear basic facts, helping the novice develop a broader understanding of terms such as ARR, PP, NPV, IRR, discounted cash flows, non-quantifiable benefits, etc. The financial advantages and disadvantages of leasing versus owning property, equipment, or vehicles are discussed, providing information that is often difficult to locate. Nearly 200 topics are covered, many of which will need extensive study to be understood.

Tables of discounted cash flow factors, effects of compounding interest, calculations of annual net cash flows, and also numerous worksheets are included and explained.

Coltman, who has a C.G.A. and an M.B.A., teaches courses in cost control and management accounting. He has, in addition, written numerous books in these fields. This is an excellent addition to the Self-Counsel Series.


Coltman, Michael M., “A Practical Guide to Financial Management: Tips and Techniques for the Non-Financial Manager,” Canadian Book Review Annual Online, accessed June 14, 2024, https://cbra.library.utoronto.ca/items/show/36764.