Finance and Accounting for Nonfinancial Managers, Second Edition

  • 4h 50m
  • Eliot H. Sherman
  • AMACOM
  • 2006

As one course among many offered in the American Management Association’s Self-Study curriculum, Finance and Accounting for Nonfinancial Managers, Second Edition, introduces the reader to financial terminology, relates financial measures to operating information, and enables the student to understand and apply financial measures to operating performance. Today’s managers, whether supervisors or senior executives, are expected to understand and use financial and operational measures, prepare and utilize budgets, respond to inquiries about the financial consequences of actions taken by them or by their department or team, and understand and use financial and accounting terminology—the common language of business measurement. Written in a conversational, easy-to-understand tone, the course treats finance and accounting from the perspective of users of financial information—it enhances their ability to communicate effectively with subordinates, other managers, senior executives, and accounting and finance professionals. It offers managers the ability to use and analyze financial information to improve the performance of their operations and to identify—and avoid—potential problems.

About the Author

Eliot H. Sherman, CPA, has more than twenty-five years of financial management experience. He is currently a full-time Lecturer in the Finance and Insurance Department of Northeastern University’s College of Business Administration. He is also a part-time Professor of Finance at the Hult International Business School and an Adjunct Professor at Brandeis University and at Suffolk University. He also serves as a Discussion Leader for the American Institute of Certified Public Accountants and as an Instructor for EMC Corporation. Prior to becoming a full-time educator, Mr. Sherman served as the Chief Financial Officer, Treasurer, and Director of a number of different corporations in manufacturing and service industries and as Partner and Chief Financial Officer of Venture Builders, an advisory firm dedicated to helping entrepreneurs build successful businesses. Earlier in his career, he was principal of his own consulting firm providing strategic and operational planning assistance and financial management guidance to smaller, growing businesses. During his career, he has worked for businesses from the very small to the Fortune 50, from private to publicly held, from domestic to multinational to foreign-owned. He currently serves as a director or advisor to several corporations and not-for-profit organizations in the Boston area.

Mr. Sherman was educated at Harvard College and earned masters degrees from The Amos Tuck School and Bentley College. He teaches regularly for several state societies of CPAs and for the American Institute of Certified Public Accountants, a major developer of professional education courses marketed to state CPA societies and other national organizations, and for a number of corporations in the Boston area. He has authored several financial management training programs offered through several different training organizations throughout the country.

In this Book

  • Finance and Accounting for Nonfinancial Managers, Second Edition
  • Introduction
  • Introduction to Finance
  • Introduction to Accounting
  • Financial Analysis: Using Ratios
  • Managing Operating Performance
  • Managing Short-Term Assets
  • Relating Risk and Return, Valuation, and Time Value of Money
  • Capital Investment Decision Making
  • Managing Long-Term Assets
  • Managing Liabilities
  • The Equity in the Business
  • Financial Planning
  • Corporate Governance
  • Relating Departmental Performance to the Big Picture
  • Time Value of Money Tables
  • Glossary
  • Finance and Accounting for Nonfinancial Managers
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