Finance and Accounting for Nonfinancial Managers: All the Basics You Need to Know

by William G. Droms

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

Genres: Business, Finance, Reference, Nonfiction

304 pages, Paperback

First published January 1, 1979

Reviews

[Brittany Blumberg · Rating 4 out of 5]

Very informational book, but the language is written for people already in the business world. It can be dense and difficult to understand at times.

[Charles · Rating 1 out of 5]

I was a financial manager for three years without formal financial education. This is hands down one of the worst informative management books I’ve read. Do not read. Much better off with YouTube videos for any topics covered in this book.

[Adri · Rating 5 out of 5]

good book

[Will West · Rating 3 out of 5]

It has a lot of information. It trys to give detail but fails... needing better explanation, better labelling, and step by step visuals for ever new piece of information. It tries to cover way to many items/topics which some only get a quarter or half a page leaving you more confused then before . It was a very hard read. You would have to know the subject before you read which defeats the purpose. THIS BOOK SHOULD BE USED AS A REFRESHER. To reference.

[Aamir Murtaza]

Best Book

[Alisa · Rating 2 out of 5]

Some of the drivel my then new boss suggested I read when I became a manager in a law firm. Painful. A subject that bores me to tears. Hey, I gave it the old college try.

[Richard Shulmistra · Rating 3 out of 5]

Good book for the basics. Does exactly what it says.

[Chanmali Liv · Rating 2 out of 5]

I find the section about ratio analysis along with the examples of financial statements in regards to industry standards quite helpful but I skipped through most of the topics.