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. 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
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William G. Droms is Professor of Finance at the McDonough School of Business, Georgetown University, and Chairman of Droms Strauss Advisors, Inc. He lives in Annapolis, Maryland.
Jay Wright is the CEO of the Mobilepro Corporation and an adjunct professor at the McDonough School of Business, Georgetown University. He lives in Bethesda, Maryland.
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