The essentials of finance and accounting for nonfinancial managers
By: Edward Fields
Edition: Third edition.
Published: 2016
Language: eng
Number of pages: 344
ISBN-13: 9780814436943
Subjects: Accounting; Finance
Description: Based on the bestselling AMA seminar, a nuts and bolts guide to the dollars and cents issues that drive your organization! As a department manager, the last thing you want to think about is numbers. But the truth is, thats the only thing your executives and senior managers are thinking about so its crucial to understand key financial information like balance sheets, income statements, cash flow statements, budgets and forecasts, and annual reports. With over 40,000 copies sold, The Essentials of Finance and Accounting for Nonfinancial Managers has long provided readers with insight into the financial fundamentals. It demystifies the role accounting and finance play in a corporation, demonstrates how financial decisions reflect business goals, and shows how managers can connect corporate financial information directly to their own strategies and actions--Provided by publisher.
Notes: Includes index.
Table of contents: title: Understanding financial information. The balance sheet ; The income statement ; The statement of cash flows ; Generally accepted accounting principles : a review and update ; The annual report and other sources of incredibly valuable information; title: Analysis of financial statements. Key financial ratios ; Using return on assets to measure profit centers ; Overhead allocations; title: Decision making for improved profitability. Analysis of business profitability ; Return on investment; title: Additional financial information. Financing the business ; Business planning and the budget ; Final thoughts; title: Appendix A. Financial statement practice; title: Appendix B. Finance and accounting terms; title: Appendix C. Comprehensive case study : Paley Products, Inc.; title: Appendix D. Ratio matching challenge; title: Appendix E. Comprehensive case study : Woodbridge Manufacturing; title: Appendix F. Comprehensive case study : Bensonhurst Brewery.