5.0 out of 5 stars
A Must Read for MBA's and Managers Everywhere!, March 26, 2010
This review is from: Financial Reporting for Managers: A Value-Creation Perspective (Paperback)
Pratt and Hirst provide wide-eyed MBA students, and those interested in understanding accounting principles and value creation, a superb introduction to the subject. The book is extremely easy to read and written for both beginners and managers who wish to reacquaint themselves with fundamental accounting practices.
The tone of the book reflects the author's contagious passion for the subject. It is a one of a kind introductory text that does NOT leave the reader spinning and confused with intricate details of balancing spreadsheets.
Instead (thankfully!), it has a graduate level focus on:
1) Connecting accounting and business practices with shareholder value creation
2) Understanding the variety of financial statements and how they are interlinked
3) Areas managers should address to gain operational and financial efficiencies
4) Aligning management incentives with those of the companies shareholders
Overall, an engaging and strongly recommended graduate level business book on accounting and value creation.
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