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
Finance and Accounting for Nonfinancial Managers
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Book Description
Editorial Reviews
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.
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Most Helpful Customer Reviews
18 of 18 people found the following review helpful:
4.0 out of 5 stars
Easy to read and understand for the non-technical person,
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.
18 of 21 people found the following review helpful:
4.0 out of 5 stars
A fine overview for nontechnical managers.,
By A Customer
This review is from: Finance And Accounting For Nonfinancial Managers: Fourth Edition (Paperback)
Professor Droms has re-edited his well known book: FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS. I, for one, am very glad to see that it continues in print and available.This book provides remarkable insights into why things financial are the way that they are. His examples are clear and understandable. His explanations are coherent and make sense. Perhaps, the only critique I can make for this useful and easier to follow book, is that it is too short. Henry H. Goldman, Ph.D. Associate Professor, Business Administration TOURO UNIVERSITY INTERNATIONAL
5 of 6 people found the following review helpful:
5.0 out of 5 stars
Great for project managers,
This review is from: Finance And Accounting For Nonfinancial Managers: Fourth Edition (Paperback)
It is concise and easy to understand. Helps you understand basic accounting and business finance without having a background in accounting.
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Inside This Book
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First Sentence:
The field of financial management has experienced gradual but significant change during the twentieth century. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
required ending inventory, breakeven technique, depreciable balance, net cash gain, appropriate accounting entry, missed discounts, working capital policy, capital structure management, flotation costs, collections forecast, residual theory, appropriate capitalization rate, obligation under capital lease, major public corporations, compound interest factor, average inventory level, working capital management, financial accounting purposes, compound interest formula, breakeven analysis, accounting equation, profitability index, income summary, accounting cycle, percent discount rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
Tommy Termite, Hoya Manufacturers, Home Medical Care, Peter Porter, Revenue Ruling, Cutler Toys, Internal Revenue Code, Internal Revenue Service, United States, Accounting Principles Board, Robert Morris Associates New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The field of financial management has experienced gradual but significant change during the twentieth century. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
required ending inventory, breakeven technique, depreciable balance, net cash gain, appropriate accounting entry, missed discounts, working capital policy, capital structure management, flotation costs, collections forecast, residual theory, appropriate capitalization rate, obligation under capital lease, major public corporations, compound interest factor, average inventory level, working capital management, financial accounting purposes, compound interest formula, breakeven analysis, accounting equation, profitability index, income summary, accounting cycle, percent discount rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
Tommy Termite, Hoya Manufacturers, Home Medical Care, Peter Porter, Revenue Ruling, Cutler Toys, Internal Revenue Code, Internal Revenue Service, United States, Accounting Principles Board, Robert Morris Associates New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
4
books
cite this book:
- The Ultimate Small Business Guide: A Resource For Startups And Growing Businesses (Ultimate Business Library) by Editors Of Perseus Publishing on page 101
- Due Diligence Techniques and Analysis: Critical Questions for Business Decisions by Gordon Bing in Back Matter
- Successful Executive's Handbook by Susan H. Gebelein on page 434
- Successful Manager's Handbook: Develop Yourself, Coach Others by Susan H. Gebelein in Back Matter
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