Customer Reviews

Finance & Accounting for Nonfinancial Managers

5 star:		(3)
4 star:		(3)
3 star:		(1)
2 star:		(0)
1 star:		(0)

 

 

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.

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

It is concise and easy to understand. Helps you understand basic accounting and business finance without having a background in accounting.

This is not a bad book. It covers a lot of ground. But at times it gets a bit too theoretical, rather than being down to earth. I saw the reviews that liked it, but several of them were by financial managers. For those of us who are not financial managers, there is quite of a bit of mathematics and theory. For example, for capital budgeting there is a whole chapter of mathematical formulas with a small paragraph saying no one really uses the formulas - they use calculators or computers. But there was no discussion about what calculator or computer program to buy or how to do the calculations with a calculator or computer. The book is also pretty much out of date, espeically in areas like the tax chapter.

The book effectively presents an introduction to financing accounting. It offers a very practical approach and includes sufficient depth to be able to converse intelligently with any accountant, or manage a small company.

8/2/11

Review on

The essentials of finance and accounting for non financial managers

This book gets 4 out of 5 stars Scott gram couldn't have said it better (see above)
" Because it is a good introduction to the concepts but lacks the practical applications that non-financial managers need to retain the concepts."

This book was first suggested to me by my life coach Scot gram as I was learning about the basics of accounting. The book was very great as a first read though a lot of it didn't apply to the business that I operate it gave me a chance to learn a lot of the terms and fundamentals to get me pumped up for more in depth books. This book is very very dry and sometimes reading it was like torture for me it lacked real life scenarios that would be easier for me to understand and relate to I think the author presented it in a boring information in your face style.



This book will have to be returned to my life coach but if it was mine I would keep it on my bookshelf to lend to someone looking to get the basics down all and all I would recommend this book

Dan Huntley
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Finance and Accounting for Nonfinancial Managers: All the Basics You Need to Know appears in its sixth updated edition to provide a definitive guide to the principles of finance and accounting. This edition has been vastly expanded and updated, offering new examples and the latest trends in the economy and finances.