The Essentials of Finance and Accounting for Nonfinancial Managers, Third Edition

  • 4h 42m
  • Edward Fields
  • 2016

Numbers don’t lie—when you know how to read them.

Frustrated by financial statements? Dread the budget process? The Essentials of Finance and Accounting for Nonfinancial Managers is here to help.

This new edition of a business classic demystifies finance and accounting and gives managers the tools they need make better decisions. Packed with fresh insights and the latest information on accounting regulations, international accounting practices, and global business trends, the book reveals how to:

  • Understand the fundamentals of financial analysis, budgeting, and forecasting
  • Interpret balance sheets, income/cash flow statements, and annual reports
  • Sift through conflicting data to find the most relevant figures
  • Locate key information about competitors and suppliers
  • Analyze variances and calculate break-even points and other vital measures
  • And much more

Expanded case studies and practice exercises reinforce the lessons and let you strengthen your skills. Imagine the impact when you grasp not only what the numbers mean—but how you can use that intelligence to drive your business forward.

About the Author

EDWARD FIELDS has taught a popular AMA course on finance and accounting fundamentals for decades and consults with many multinational corporations on strategic and financial issues.

In this Book

  • Introduction
  • 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
  • Key Financial Ratios
  • Using Return on Assets to Measure Profit Centers
  • Overhead Allocations
  • Analysis of Business Profitability
  • Return on Investment
  • Financing the Business
  • Business Planning and the Budget
  • Final Thoughts
  • Glossary
  • Free Sample Chapter from The First-Time Manager, Sixth Edition by Loren B. Belker, Jim McCormick, and Gary S. Topchik