Features
- Cover Type: Paperback with 304 pages
- Published by: Basic Books
- Edition: 5th Edition April 15, 2003
- Written in: English
- ISBN 10 Number: 0738208183
- ISBN 13 Number: 978-0738208183
-
Book Dimensions:
8.9 x 5.9 x 0.8 inches
- Weighs: 15.5 ounces
Product Description
Mastering the basics 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. Featuring a new chapter on accountability and ethics, and complete with Excel templates, study questions, and a teaching guide on the Web (www.droms-strauss.com), Finance and Accounting for Nonfinancial Managers covers all major aspects of financial management including:Reading a balance sheetMastering the accounting cycleMaking long-term investment decisionsConducting breakeven analysis for profit planningCalculating cost of capitalEvaluating closely held companies
About The Author
William G. Droms is the John Powers, Jr., Professor of Finance at Georgetown University School of Business. An internationally recognized corporate finance and investment management consultant, he has designed and delivered executive development programs to thousands of managers in a wide variety of trade and professional associations, corporations, and financial institutions. He lives in Annapolis, Maryland.
Reader Reviews
This review is from: Finance And Accounting For Nonfinancial Managers: Fourth Edition (Paperback)
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.
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