| Finance And Accounting For Nonfinancial Managers: All The Basics You Need to Know
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The definitive guide to the principles of finance and accounting--revised and updated and including access to interactive worksheets online.
Mastering the fundamentals of financial management is a must for those with a stake in their company's and their own professional future. Packed with step-by-step examples and illustrative case studies, and fully updated to reflect the latest changes in tax laws and accounting requirements, Finance and Accounting for Nonfinancial Managers is one-stop shopping for managers, entrepreneurs, seasoned executives, teachers, and students alike.
Reading a balance sheet
Mastering the accounting cycle
Making long-term investment decisions
Conducting breakeven analysis for profit planning
Calculating cost of capital
Evaluating closely held companies
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This is not a bad book. It covers a lot of ground. But at times it gets a bit too theoretical, rather than being down to earth. I saw the reviews that liked it, but several of them were by financial managers. For those of us who are not financial managers, there is quite of a bit of mathematics and theory. For example, for capital budgeting there is a whole chapter of mathematical formulas with a small paragraph saying no one really uses the formulas - they use calculators or computers. But there was no discussion about what calculator or computer program to buy or how to do the calculations with a calculator or computer. The book is also pretty much out of date, espeically in areas like the tax chapter.
By Harold McFarland (Florida)
This book does a great job of helping managers understand the financial world. It takes the basics of finance and accounting and describes them in a very non-technical and easy to understand manner. I am a degreed accountant with a strong finance and economics background and find it difficult to explain things to business owners and managers in a way that makes sense to them. This book resolves that problem. By the time they read through it once we can at least talk together and I don't feel like I am using a foreign language.
A very valuable book that should be required reading for anyone who goes into business for theirself or moves up the corporate ladder to a position where understanding these things is beneficial for their career. While it is not a treatise on the details of accounting and finance it will give you a broad enough scope to understand what you should be doing and why things work the way that they do. A recommended read.
By Keith Parker
It is concise and easy to understand. Helps you understand basic accounting and business finance without having a background in accounting.
By
Professor Droms has re-edited his well known book: FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS. I, for one, am very glad to see that it continues in print and available.
This book provides remarkable insights into why things financial are the way that they are. His examples are clear and understandable. His explanations are coherent and make sense.
Perhaps, the only critique I can make for this useful and easier to follow book, is that it is too short.
Henry H. Goldman, Ph.D.
Associate Professor, Business Administration TOURO UNIVERSITY INTERNATIONAL
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