The Essentials of Finance and Accounting for Nonfinancial Managers - Softcover

Fields, Edward

Softcover

ISBN 10: 0814471226 ISBN 13: 9780814471227

Publisher: Amacom Books, 2002

Synopsis

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, that’s the only thing your executives and senior managers are thinking about so it’s 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. Now revised to reflect new accounting and financial standards, the second edition includes: Strategies for getting your share of the budget · New case studies and practice sessions · An explanation of Sarbanes-Oxley and its relevance to nonfinancial managers · How to manage cash flow in tough times · Fraud detection tools · An expanded glossary including up-to-the-minute business concepts and terminology · And more

About this title

Book Description:

"Outside of the accounting and finance departments, not many business people are interested in the finer points of financial reports. But every manager must have a thorough understanding of what their finance and accounting staffs do, why they do it, and what these reports really mean.

This indispensable book demystifies the role that accounting and finance play in a corporation and demonstrates how financial decisions are manifestations of company goals. The author’s crystal-clear examples show how managers can connect corporate financial information directly to their own strategies and actions. To demonstrate these connections, the author covers such essential topics as:

* Balance sheets and income/cash flow statements

* Reading and understanding annual reports

* Fixed-cost and variable-cost issues

* Financial analysis, budgeting and forecasting."

From the Back Cover:

As a manager, finance and accounting may not be an official part of your job description. But chances are, it’s the most important thing your executives and senior managers are thinking about. If you want to be in a prime position to take advantage of how corporate financial information applies directly to your own strategies and actions—and ensure that your department gets its share of the budget—you need to develop a thorough understanding of what your finance and accounting staffs do, why they do it, and what their reports really mean.

A classic resource for managers eager to master the concepts and simple math behind key business matters, The Essentials of Finance and Accounting for Nonfinancial Managers has been updated to reflect current changes in the economic and corporate financial landscape. Filled with crystal-clear examples, the book helps you understand:

· Balance sheets and income/cash flow statements

· Annual reports

· Fixed-cost and variable-cost issues

· Financial analysis, budgeting, and forecasting

· And much more

Containing critical regulatory information, including Sarbanes-Oxley, as well as strategies for managing cash flow in tough times, the second edition features new case studies and practice sessions and an expanded glossary with up-to-the-minute business concepts and terminology. You’ll also find fraud detection tools and financial tools to use with your marketing and sales strategies.

The book includes simple but powerful methods for analyzing the competition and thriving in a global marketplace—regardless of your company’s industry or size. Filling you in on commonly used terms and Generally Accepted Accounting Principles (GAAP), this long-trusted book demystifies the role of accounting and finance in your organization, putting you in a better position to accomplish more and increase the bottom line.

Edward Fields has taught the American Management Association’s course “Fundamentals of Finance and Accounting for Nonfinancial Managers” for nearly 30 years. He is a consultant on strategic and financial issues for many corporations.

About this edition

• Publisher: Amacom Books
• Publication date: 2002
• ISBN 10: 0814471226
• ISBN 13: 9780814471227
• Binding: Paperback
• Edition number: 1
• Number of pages: 292