{"product_id":"secrets-of-managing-budgets-what-it-managers-need-to-know-in-order-to-understand-how-their-company-uses-money-paperback","title":"Secrets Of Managing Budgets: What IT Managers Need To Know In Order To Understand How Their Company Uses Money - Paperback","description":"\u003cp\u003eby \u003cb\u003eJim Anderson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAn IT manager's budget controls what he or she and their team are going to be able to accomplish this year. No, creating a budget may not be the most enjoyable thing that you'll be called on to do, but it just might be the most important. The challenge that a lot of IT managers have when it comes to creating a good budget is that it requires them to master a number of terms and concepts that they may have never encountered in school. \u003c\/p\u003e \u003cp\u003eWhat You'll Find Inside: \u003c\/p\u003e \u003cul\u003e \u003cli\u003e WHY IT MANAGERS NEED TO CARE ABOUT FINANCIAL STATEMENTS\u003c\/li\u003e \u003cli\u003e AN IT MANAGER'S NEW BEST FRIEND: THE COMPANY BALANCE SHEET\u003c\/li\u003e \u003cli\u003e ROI: WHAT IT IS AND WHY IT MANAGERS NEED TO KNOW HOW TO USE IT\u003c\/li\u003e \u003cli\u003e 3 FINANCIAL TERMS THAT IT MANAGERS NEED TO KNOW\u003c\/li\u003e \u003cp\u003eThe good news is that you are not the first IT manager to create a budget. There is a great deal to learn from the tips that other managers can provide you with. A good guide for how you should create your budget may be provided by your company's financial statements. \u003c\/p\u003e \u003cp\u003eIn order to understand the company's financial situation you'll need to master the company's balance sheet. Additionally you'll have to understand the company's assets and its liabilities. How the company runs its day-to-day operations are closely tied to its use of working capital and so you'll need to have an understanding of this also. \u003c\/p\u003e \u003cp\u003eThe company will be funding new IT projects using financial leverage and so you need to understand how this financial tool works. The status of the company is closely watched by outsiders and in order to keep your team informed you are going to have to learn how to read an income statement and a cash flow statement. \u003c\/p\u003e \u003cp\u003eYour company will be making an investment in your IT team and they expect it to return a profit. This means that you need to understand terms like ROI, net present value, and internal rate of return in order to understand how your performance is going to be measured. Master these financial terms and you'll be ready to create a complete budget for you and your team. \u003c\/p\u003e \u003cp\u003eOne way to think about your IT budget is as fuel in the tank of your IT team. The more that you have, the farther you can go. Read on and find out how to fill your tank up... \u003c\/p\u003e \u003cp\u003eFor more information on what it takes to be a great IT Manager, check out my blog, The Accidental IT Leader, at: \u003c\/p\u003e \u003cp\u003ewww.TheAccidentalITLeader.com \u003c\/p\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 70\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.14 x 9.02 x 5.98 IN\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 10, 2015\u003c\/div\u003e\n\u003c\/ul\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42167746396295,"sku":"9781517782313","price":17.51,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/7b6fe0161b705787fe185f4601963db7.webp?v=1733330207","url":"https:\/\/booksby.splitshops.com\/products\/secrets-of-managing-budgets-what-it-managers-need-to-know-in-order-to-understand-how-their-company-uses-money-paperback","provider":"Books by splitShops","version":"1.0","type":"link"}