About The book : We all know money and finance. We have learnt it over our journey called life with "transactions" becoming "learning experiences" of life. When it comes to money, there is no better way of learning rather than doing it yourself. But, at times, we miss the lessons provided by life and we tend to repeat our mistakes. Whether you like reading or not, this book will help you to pause, do a reality check and continue again in your wealth creation journey of life. It will help you reflect on the mistakes, we generally make, in our day to day lives with regards to money. The entire wealth cycle of earning, saving, investing and enjoying wealth is covered in a very simple, day to day language in the book. Practical examples, dialogues with real people and experiences from shopping malls to movie theaters and cabs to airports are covered to put across a point. If you were to summarize this book in one line, it would be a "super self help guide to eliminating financial challenges in life". Go ahead and have a happy reading experience. Finance for Non-Finance: Table of Contents: 01: The Focus: About the Book 02: About the Author 03: Preface 04: A Non Finance Person's Perspective 05: Step 1: Knowing Your Finances - What do I need to know as a non-finance person . Where does money come from?
. Where does the money go?. How to read my own Profit and Loss Statement?. How to read my own Balance Sheet? 06 Step 2: Savings - Do they really create wealth in today's times?
. Is Saving necessary?. Where to Invest?. Where to get money to Invest?. Rule of 72 07 Step 3: Borrowings - How to raise money when needed? . Why home loan should never be pre-paid?. Car Loan - You must take if you own a business. How can you quickly get out of personal loan?. Understanding Interest Rates 08 Step 4: Investments - Trees where money will grow :-Story of a Sofa Maker in a village near a metro city. A training participant with a drinking problem. An admin assistant loans money to a builder. An old taxi driver living next to Asia's most expensive real estate 09 Step 5: Fundamentals of Financial Statements . Financial Decisions - Financial Intelligence - Financial Knowledge. Seven Pillars of Financial Statements
. Why are the Financial Statements prepared?. How do they look like? 10 Step 6: Income & Expense Statement . Total Income - Total Expense = Profit. Reading My own Income Statement. Analysing a company's Income Statement. Understanding different types of Profits 11 Step 7: What are Assets? . Types of Assets. My Own Asset side of the Balance Sheet
. Analysing a company's Asset Side of the Balance Sheet. Getting familiar with Operating Cycle 12 Step 8: What are Liabilities? . Types of Liabilities. My Own Liability Side of Balance Sheet. Analysing a company's Liability Side of the Balance Sheet. Long Term Funding Logic 13 Step 9: What are Ratios and how do they help track Wealth Creation . Liquidity - Solvency - Efficiency - Profitability . Liquidity - Current Ratio, Quick Ratio and Acid Test Ratio. Solvency - Debt to Equity, Debt to Assets and Interest Coverage Ratio. Efficiency - Inventory T/O, Debtors T/O, Creditors T/O, Current Asset T/O, Working Capital T/O and Capital T/O. Profitability - ROA, ROE, ROCE, OPM, PBIT and PAT Margin 14 Step 10: What are Cash Flows & they are most critical in Wealth Creation?. . Relationship between Income and Liability & Asset and Expenditure. Operating Activities. Investing Activities . Financing Activities 15 Practical Exercises 16 Practical Exercises Solution 17 Keys to Self Assessment Questions 18 Glossaries of Select Financial Terms Testimonial I come from Product Design and Engineering background and being an entrepreneur you cannot ignore any aspect of Business. In my personal opinion, Engineers are good with calculations but not with finance & not everyone is fortunate enough to personally know Finance guru Mr. Vishal Thakkar closely who is already known for his bestselling book titled 'Balance Sheet - The Tale of Asset & Liability'. Definition of Non-Finance person is so clearly explained in chapter 5 of this book that it got registered with me permanently. The overall content is nicely explained in layman's language that it makes you comfortably understand finance. I recommend this book to all who wish to remove their fear for finance and welcome it with open arms. Rachit Vora Director NanoNine Innovative itchenware
Mumbai. "The book has a conversational style and successfully explains complex financial concepts in a very simple manner. Vishal has even managed to include humour in an otherwise technical subject which will keep the readers interested. The book flows logically and is well structured. In particular, I like the fact that each chapter has been well summarised at the end and is followed with a tutorial to re-inforce the learnings. I recommend the book for everyone who has dealt with or aspires to deal with money matters both at home and at work." Jerry Bindra
CEO Chorus Call. I must compliment you for writing such an outstanding book. All the concepts have been well explained and the language used is so simple and easy to understand. Examples are very apt and precise. This book is a must read for Gen Y & Z who does not believe much in savings. The book has also personally been an eye opener for me.Pooja Dalal
Senior Manager HR - Talent Managment RPG Raychem. " I loved and thoroughly enjoyed reading this book. All the concepts have been explained in such a simple yet such an effective manner. I feel this book should be made a part of curriculum for all post graduate studies. A must read for all fresher's moving from Campus to Company. This brilliant piece of work.
Lopesh Dalal Business Coach, MSE Asia Marketing & Sales Excellence
