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The Portable MBA in Finance and Accounting [Kindle Edition]

Theodore Grossman , John Leslie Livingstone
4.2 out of 5 stars  See all reviews (12 customer reviews)

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Book Description

The most comprehensive and authoritative review of B-School fundamentals—from  top accounting and finance professors  

For years, the Portable MBA series has tracked the core curricula of leading business schools to teach you the fundamentals you need to know about business-without the extreme costs of earning an MBA degree. The Portable MBA in Finance and Accounting covers all the core methods and techniques you would learn in business school, using real-life examples to deliver clear, practical guidance on finance and accounting. The new edition also includes free downloadable spreadsheets and web resources.

If you’re in charge of making decisions at your own or someone else’s business, you need the best information and insight on modern finance and accounting practice. This reliable, information-packed resource shows you how to understand the numbers, plan and forecast for the future, and make key strategic decisions. Plus, this new edition covers the effects of Sarbanes-Oxley, applying ethical accounting standards, and offers career advice.

    • Completely updated with new examples, new topics, and full coverage of topical issues in finance and accounting—fifty percent new material
    • The most comprehensive and authoritative book in its category
    • Teaches you virtually everything you'd learn about finance and accounting in today's best business schools

Whether you’re thinking of starting your own business or you already have and just need to brush up on finance and accounting basics, this is the only guide you need.

Editorial Reviews

From the Publisher

Nationally renowned experts offer essential and practical advice for all businesses ranging from small startups to large corporations. Provides clear concise guidance on how to do a breakeven analysis; prepare a budget; implement a business plan; decide whether to incorporate your business; evaluate an acquisition target and much more. Enables readers to pick up the basics in finance and accounting without incurring the considerable time and expense of a formal MBA program.

From the Inside Flap

Getting an MBA degree is costly and time-consuming. And if all you need is MBA-level coverage of a particular subject, it might not be worth the effort. For busy executives and business leaders who need to master the essentials of finance and accounting—or just brush up on the basics—The Portable MBA in Finance and Accounting, Fourth Edition is the ultimate resource.

Now in an entirely revised and updated edition, this bestselling reference is packed with in-depth, authoritative coverage of crucial topics in finance and accounting. Professors Grossman and Livingston have assembled the best contributors on the subject, with chapters from top professors and practitioners in finance, accounting, and law. These expert contributors provide clear, jargon-free explanations of key finance and accounting topics to help business professionals demystify even the most complex subjects.

Packed with valuable and practical information that is applicable to virtually any business, from the smallest start-ups to the largest corporations in the world, the Fourth Edition covers all the vital basics you need to know:

  • Analyzing business profitability

  • Understanding financial statements

  • Performing a break-even analysis

  • Computing the cost of capital

  • Managing foreign currency exposure

  • Taking your company public

  • Building a successful e-business

  • Evaluating a merger or acquisition target

  • Maximizing information technology resources

  • Planning capital expenditures

  • Calculating a business valuation

  • Making sense of Sarbanes-Oxley

  • And much more

Plus, the Fourth Edition includes entirely new chapters on discounted cash flows, capital structure, corporate governance and financial reporting integrity, outsourcing, and careers in finance and accounting. And, for the first time, a new Portable MBA Web site offers free tools and resources—including handy downloadable guides, summaries, and spreadsheets. Whether you're starting a new business or just taking on new management responsibilities, this comprehensive resource includes fifty percent new material, making this edition an essential resource for efficient and effective enterprise management.

Product Details

  • File Size: 10627 KB
  • Print Length: 624 pages
  • Publisher: Wiley; 4 edition (October 8, 2009)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B002SKZBM2
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Enabled
  • Amazon Best Sellers Rank: #633,717 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

4.2 out of 5 stars
4.2 out of 5 stars
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Most Helpful Customer Reviews
39 of 46 people found the following review helpful
3.0 out of 5 stars decent but flawed April 28, 2001
As a liberal arts major, I desperately needed to familiarize myself with business finance concepts during the year prior to my MBA program (I'll start B-School in Fall 2001), and turned to "The Portable MBA in Finance and Accounting" for help due to the "best in class" reputation of the series. Though not entirely disappointed, I really do not feel this book lived up to its top billing.

I found a lot of the sections unclear, mostly because the authors skimp on the necessary math, trying to describe numeric concepts with words; Sort of like "using a screwdriver to carve roast beef," as Tom Robbins once quipped. Additionally, the Portable MBA series' format, with different authors each writing a chapter, detracts from the book's cohesiveness. A book by one author (or several edited into one continuous voice) tends to hold together better. For example, I got more out of the briefer introduction to fiscal management, "Finance and Accounting for the Non-Financial Manager" by Steven Finkler due to its one-voice cohesiveness than I did from the Portable MBA.

On the up side, the first chapter is a brilliant exposition on how day-to-day business activities translate into the standard accounting reports. This section also illustrates how a manager can use spreadsheets to observe how changing prices or costs affect the "bottom line," and how financials can be used to build a strategy. I also found the chapter on budgeting quite helpful. However, when the book delves into finance, the lack of math really begins to take its toll. If it weren't for the Finkler book, I doubt I would have the faintest idea what capital budgeting was all about. All things considered, "The PMBA in F&A" is a decent but flawed book. However, when it is on, it is brilliant.
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17 of 18 people found the following review helpful
5.0 out of 5 stars Practical easy-to-understand guide to key topics December 13, 1997
By A Customer
Well written explanations of important subjects, such as how to find essential information in financial statements, how to price products and make profitable bids, legally minimizing taxes for your small business, managing financial risks with options, hedges and derivatives, using your computer for financial analysis, etc. etc. Why spend time and money for an MBA when its all here.
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13 of 14 people found the following review helpful
5.0 out of 5 stars This book is the best in its class. January 23, 1998
By A Customer
This book has the quality of a one year course in finance and accounting. Even if you have only a high school diploma you can understand it. Don't let this comment fool you. The authors of this book have made complex concepts seem simple.
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7 of 7 people found the following review helpful
3.0 out of 5 stars Ok for what it is.. November 8, 2005
By cg
I think if you are using this book as the sole basis for "pre-studying" for an MBA program, you are going to be pretty shocked in a descent biz grad school program. It isn't a bad book, but as one other commenter mentioned it uses pretty broad strokes on theory without explaining the underlying detail (i.e. practical formulas, analysis, in depth case studies). So it is sort of half way between a real text book and one of the typical broad stroke popular business books. After reading it, get a reading list for an MBA managerial finance course, go to your university bookstore and have a little read - I think you will see the difference in audience and expectations.

To be more effective it really needs an accompanying workbook and CD with questions and answers based on the content - aimed at a graduate level. Expectations regarding analysis are generally pretty high in most MBA programs and understanding the level of analysis you should be capable of providing (fairly rapidly) to case studies/problems is important.

Not a bad book for a refresher if you already have done a number of business courses. Especially if you have texts still that fill in the blanks.

I rate it...ok.
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6 of 7 people found the following review helpful
5.0 out of 5 stars I liked it January 18, 2002
I liked the way the book didn't get bogged down in too much math. The capital budgeting chapters were clear, much more to the point than the textbooks I tried to read.
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2 of 2 people found the following review helpful
4.0 out of 5 stars Excellent Book and memory refresher August 3, 2011
Format:Hardcover|Verified Purchase
I wish I had a photographic memory and that I remembered everything I learned in school 15 years ago, but thankfully, I don't have to because I have the portable MBA to refresh my memory. I highly recommend this book. I'd recommend this to even those without an Accounting or Finance degree in order to have a greater understanding of how their company is run - or even running their own company's financial decisions.
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More About the Author

LES LIVINGSTONE is the MBA Program Director in Economics, Finance and Accounting at the University of Maryland University College, a leading internet university with 95,000 students, including 2,600 MBA students. He earned MBA and Ph.D. degrees at Stanford University and is a CPA (licensed in NY and TX).

Since 1991 he has directed his own consulting firm, specializing in Damage Estimation for large-scale Commercial Litigation and in Business Valuation. He has served as a Consulting or Testifying Expert in many cases, and has testified in Federal and State courts in Arizona, California, Florida, Georgia, Illinois, Massachusetts, New York, Rhode Island, and Texas. He has also testified before Federal government agencies including the FTC, FERC, as well as the Public Utilities Commission of Texas.

His previous experience in accounting, finance and business includes the following:

* Babson College: Professor of Accounting and Chairman, Division of Accounting & Law.

* The MAC Group (now Cap Gemini/Ernst & Young Consulting), an international management consulting firm specializing in design and implementation of business strategy for major corporations: Principal.

* Coopers & Lybrand (now PricewaterhouseCoopers), Partner.

* Georgia Institute of Technology: Fuller E. Callaway Professor of Accounting.

* Ohio State University: Arthur Young Distinguished Professor of Accounting.

Publications: Author or coauthor of:

* About 50 articles in leading professional journals.

* Numerous chapters in authoritative handbooks.

* 22 books.

* Recent books include: Seen and Unseen (2012), Collectivism Versus Individualism (2012), Who is in Charge? (2012), Finance Made Easy (2nd edition, 2011, Economics Made Easy (2nd edition, 2011), Ethics Made Easy (2nd edition, 2011), Common Sense (2011), The Economics of Public Choice (2011), The Economics of Energy (2008), Guide to Business Valuation (2007) and "The Portable MBA in Finance and Accounting", a selection of the Book of the Month Club, the Fortune Book Club and the Money Book Club. Later, the paperback edition was a selection of the Quality Paperback Book Club. Translated into Chinese, Russian, Indonesian, Japanese, Portuguese, and Spanish. The 4th edition was published in 2009 by John Wiley & Sons, Inc.
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