The Fast Forward MBA in Finance (Paperback)

by John A. Tracy CPA (Author) "In addition to the day-to-day operational demands (preparing payroll checks, paying bills on time, sending out invoices to customers, etc.), Figure 1.1 reveals two other..." (more)
Key Phrases: management profit report, fixed manufacturing overhead costs, profit modules, Totals Sales, Annual Returns Labor, Beginning of Year Debt (more...)

Editorial Reviews

Product Description
The Fast Forward MBA in Finance Second Edition–more necessary than ever!

Even Einstein might have had a hard time making sense of the numbers that come out of the typical accounting department. These critical financial figures of a business should be presented in rational, decision-friendly accounting reports to managers. Unfortunately, accounting reports generally fall short of this mark. That’s why managers rely on John Tracy and The Fast Forward MBA in Finance to help them understand all the accounting and financial information so critical to making sound business decisions.

In this robust update of the popular first edition, Tracy explores the natural starting point for managers–the financial statements–and reveals the essential meaning of each. The financial statement framework is then expanded and modified for the decision-making functions of business managers. Practical examples illustrate how to use management models for analyzing profit, cash flow, and capital investment, all of which are clearly explained with a tight focus on the information needs of individual managers.

The Fast Forward MBA–– the compact business companion you’ll use every day!

• Keep up with the newest ideas in business
• Brush up on the basics you can’t do without
• Find direct, practical answers to complicated problems

From the Publisher
Tracy excels in helping managers understand what the numbers mean. In his outstanding resource he offers an innovative method, accompanied by superlative graphics, to show readers how to assess the financial and business health of their enterprise. Demonstrates how to use tools to deal with such practical issues as sales price, product costs and sales volume. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 336 pages
• Publisher: Wiley; 2 edition (August 5, 2002)
• Language: English
• ISBN-10: 0471202851
• ISBN-13: 978-0471202851
• Product Dimensions: 9.2 x 6.1 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #256,071 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

6 of 7 people found the following review helpful:

4.0 out of 5 stars This one needs to be on your bookshelf, October 2, 2005

By	Tim Vancamp (Sint-Truiden, Limburg Belgium) - See all my reviews

Very useful for everybody who needs to have understanding about finance and accounting in thier day-to-day tasks. Clearly shows how managerial budgets are linked to financial reports. Furthermore it gives a basis to understand and read financial reports and takes out the important information needed for the daily management decisions and follow-ups.
The book takes you step by step and on a comprehensive way through all the necessary knowledge and skills you should have.

13 of 18 people found the following review helpful:

3.0 out of 5 stars To reaffirm and not teach, September 10, 1998

By A Customer

This review is from: The Fast Forward MBA in Finance (Paperback)

I felt that there was not enough spent on the subject itself and more of a dummy's version of getting acquainted with Finance. If you've ever taken one course in Finance, you wiz through the book without absorbing any more than you remembered.

4.0 out of 5 stars Innovative management approach to financial analysis., November 15, 1998

By	A Reader (Princeton, NJ) - See all my reviews

This review is from: The Fast Forward MBA in Finance (Paperback)

Despite the title of this book, it does not really cover the traditional "finance" topics such as weighted average/marginal cost of capital, portfolio theory, capital structure decisions, investment banking, mergers and acquisitions, etc. In my opinion, most of the book deals with managerial accounting-----but it does a great job doing so! In fact, this book contains the best treatment of cost volume profit analysis that I've ever seen----and I am a CPA with 10 years experience. I recommend this book to anyone who wants to learn how to manage a company "by the numbers".