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Book Description
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.
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Product details
Paperback: 336 pages
Publisher: AMACOM; Third edition (March 25, 2016)
Language: English
ISBN-10: 0814436943
ISBN-13: 978-0814436943
Product Dimensions:
6.1 x 0.9 x 9 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
24 customer reviews
Amazon Best Sellers Rank:
#67,695 in Books (See Top 100 in Books)
I gave this book 4 stars instead of 5 because it is a good introduction to the concepts but lacks the practical applications that non-financial managers need to retain the concepts.I was first exposed to this book when I was in graduate school (that's a testimonial in itself). A few years later, I loaned it to my then-boss: a director of a multi-site program with the Vermont Department of Corrections. My boss was clueless about financial reports and this book proved invaluable. So valuable that I never got it back.That's OK --this is a great primer for understanding business financial concepts and financial reporting.So, when a business coaching client needed to get off the ground with regard to financial concepts this book was a natural choice. I purchased a copy for him so that I could tutor him on the concepts as part of our coaching collaboration. I was pleased to see that the text is available for the Kindle. Outstanding (even though the pages in the Kindle edition don't synch with the paperback edition -- tough to follow along with each other -- but that's a Kindle issue and not an issue about the text itself).I would recommend this book for anyone wanting to get a better handle on business financial reporting, business financial analysis. It is a short text. It is a dense text. There are not many examples nor stories to illustrate the concepts. The technician-turned-business-owner may find that they are falling asleep at night if they read it in bed.After you have read through this book a great follow up is Financial Statement Analysis: A Practitioner's Guide (Wiley Finance) along with the Financial Statement Analysis Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Statement Analysis (Wiley Finance) that you can get to supplement the text.It fills in the missing component of Fields' text: application. You will get a lot of information from The Essentials of Finance and Accounting for Nonfinancial Managers -- but very little application. Now if there was a companion workbook for this text rife with examples and exercises to insure that the reader wouldn't just get a soon-to-forget information overload, then I would give the package 5 stars.
using this as a tool for my non-finance managers to explain some concepts. Easy to understand and a breeze!
So so, bought for textbook, but I would not recommend for personal readingIt is entry level finance, and little bit tedious for meAlthough I learnt something, but..em....try something else
I guess it is good. Learned some new stuff, it got sometimes boring but i guess it is the topic itself. I would recommend it.
Really enjoyed this book. The breakout of sections, appendix tables, definitions, and then written practice excercises. I do wish there was a way to print the excercises from my Kindle downloaded version that I could leverage for building and identifying the various balance sheet and income st ate meant components.
It's informative but not what I expected. I wanted to learn about how an organization is setup etc.
Excellent book written from a business perspective. Builds up well from the fundamentals then an end to end analysis for a given Co to aid understanding. Very good refresher for most non-finance business leaders.
If you are new to finance, budgeting, accounting, and management as I was, this book will help explain key terms in a way that is easy to understand. Some of my fave quotes: "Accounting is conservative. It requires that the least favorable interpretation of events be presented", and "Business is risky and filled with uncertainty. Accounting is risk-averse."
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