Accounting and Financial Fundamentals for NonFinancial Executives [Paperback]

Robert Rachlin (Author), Allen Sweeny (Author)

Book Description

Publication Date: March 14, 1996 | ISBN-10: 0814479286 | ISBN-13: 978-0814479285 | Edition: 2

Finance and accounting are the backbone of any organization. Yet plenty of executives and businesspeople are befuddled and intimidated by number crunching. Now there's a complete, concise, non-technical guide to grasping all the essentials of accounting -- and directly applying financial data. Readers will learn how to: * pinpoint the most profitable products or sales regions * figure the rate of return from a capital investment * make internal management reports more useful * understand and prepare a statement of cash flows Its straightforward approach will appeal to all managers and executives who need a practical, comprehensible lesson in using financial analysis to set key business goals, measure results, and make smart decisions.

Editorial Reviews

Review

For any non-financial professional who needs a quick, practical, comprehensive lesson in accounting and financial analysis this book is a perfect companion. -- Succeed Magazine Spring 1997

It's easy to read, thorough yet succinct, and focused on actually applying financial data in the day to day operations of a company. This straightforward guide abounds in practical examples and nearly 60 exhibits, plus dozens of step-by-step calculations that provide an immediate grasp of the information. -- Savannah Business Journal April 1996

This book covers what you'd expect it to-income statements, balance sheets, inventory valuation, cash-flow analysis and so forth. But this book offers much more, an understanding of what the numbers mean and the role they should play in your decisions. You get a little philosophy along with the fundamentals.

Further the authors do a great job showing how to use such knowledge to make the decisions those in mid-to senior level positions are expected to make which products to pursue, whether to buy a new machine, what lines to drop, and so on. -- Sound View Executive Book Summaries, February 1996

Book Description

"Finance and accounting are the backbone of any organization. Yet plenty of executives and businesspeople are befuddled and intimidated by number crunching. Now there's a complete, concise, non-technical guide to grasping all the essentials of accounting -- and directly applying financial data. Readers will learn how to:

* pinpoint the most profitable products or sales regions

* figure the rate of return from a capital investment

* make internal management reports more useful

* understand and prepare a statement of cash flows

Its straightforward approach will appeal to all managers and executives who need a practical, comprehensible lesson in using financial analysis to set key business goals, measure results, and make smart decisions."

See all Editorial Reviews

Product Details

• Reading level: Ages 17 and up
  
• Paperback: 256 pages
• Publisher: AMACOM; 2 edition (March 14, 1996)
• Language: English
• ISBN-10: 0814479286
• ISBN-13: 978-0814479285
• Product Dimensions: 8.9 x 6 x 0.7 inches
• Shipping Weight: 15.2 ounces (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #456,447 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

39 of 40 people found the following review helpful:

5.0 out of 5 stars Accounting with Rachlin and Sweeny, May 10, 2000

By 

Kay Tatum (Miami, Florida) - See all my reviews

This review is from: Accounting and Financial Fundamentals for NonFinancial Executives (Paperback)

I highly recommend the Rachlin and Sweeny book. As a professor of accounting at a major university in Florida, I teach accounting to both accounting and nonaccounting majors. I am particularly impressed by two features of this book. First, it presents the basic concepts of accounting and finance in an easy to read format without compromising technical accuracy. Second, and more importantly, it shows the reader how to use these basic concepts in making business decisions. The result is an interesting (yes,interesting!) and effective presentation. My compliments to the authors!

10 of 10 people found the following review helpful:

5.0 out of 5 stars Understandable Accounting!!, September 21, 2000

By 

Isabel Hill (Brooklyn, New York) - See all my reviews

This review is from: Accounting and Financial Fundamentals for NonFinancial Executives (Paperback)

This book about finance and accounting concepts is especially useful to professionals with no formal training in finance, budgeting, investment or accounting. As an urban planner and development advisor, I am often presented with land use proposals which are framed in financial and accounting terms. This book offers a clear and simple approach to these disciplines and has given me the tools to make much more informed decisions in my work. I highly recommend it to others in my trade and to those, like me, who often glaze over finance and accounting terminology.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Quick & Easy, November 13, 2002

By A Customer

This review is from: Accounting and Financial Fundamentals for NonFinancial Executives (Paperback)

After purchasing one of those "for dummies" type books on Accounting I purchased this book. I have found it to be an easy and quick read, clear, concise, to the point and very helpful. I was looking for something simple and just wanted to cover the basics - this book met my needs perfectly.