Finance and Accounting for NonFinancial Managers: EBook Edition

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AMACOM Div American Mgmt Assn, Sep 1, 2011 - Business & Economics - 285 pages
Finance and Accounting for Nonfinancial Managers, Third Edition, introduces the reader to financial terminology, relates financial measures to operating information, enables the student to understand and apply financial measures to operating performance, and ties all of this to the current business environment. Today’s managers, whether supervisors or senior executives, are expected to understand and use financial and operational measures, prepare and utilize budgets, respond to inquiries about the financial consequences of actions taken by them or by their department or team, and understand and use financial and accounting terminology—the common language of business measurement. Written in a conversational, easy-to-understand tone, the course treats finance and accounting from the perspective of users of financial information—it enhances their ability to communicate effectively with subordinates, other managers, senior executives, and accounting and finance professionals. It offers managers the ability to use and analyze financial information to improve the performance of their operations and to identify—and avoid—potential problems. The third edition includes discussion of the continuing transition of financial reporting to an international standard as well as consideration of the effects on accounting and finance resulting from the Recession of 2007-2009. New sections on how to read an annual report and navigating the shifts in the marketplace are also included. This edition has been updated throughout to provide managers with the most current and complete information available. Selected Learning Objectives Participants will learn how to: Prepare budgets Read, understand, and use financial and operational measures Manage short-term assets Relate department performance to the big picture. This is an ebook version of the AMA Self-Study course. If you want to take the course for credit you need to either purchase a hard copy of the course through amaselfstudy.org or purchase an online version of the course through www.flexstudy.com.
 

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Contents

1 Introduction to Finance
1
2 Introduction to Accounting
25
Using Ratios
49
4 Managing Operating Performance
73
5 Managing ShortTerm Assets
95
6 Relating Risk and Return Valuation and Time Value of Money
111
7 Capital Investment Decision Making
133
8 Managing LongTerm Assets
157
11 Financial Planning
213
12 Corporate Governance and Financial Integrity
235
13 Relating Departmental Performance to the Big Picture
251
Time Value of Money Tables
263
The SarbanesOxley Act of 2002
269
Glossary
273
The Final Exam
285
Index
295

9 Managing Liabilities
169
10 The Equity in the Business
199

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About the author (2011)

Eliot H. Sherman, CPA, has more than twenty-five years of financial management experience. He is currently a full-time Senior Lecturer in the Finance and Insurance Department of Northeastern University’s College of Business Administration. He is also a part-time Professor of Finance at the Hult International Business School and an Adjunct Professor at Brandeis University. He also serves as a Discussion Leader for the American Institute of Certified Public Accountants and as an Instructor for Waters Corporation. Mr. Sherman was educated at Harvard College and earned masters degrees from The Amos Tuck School and Bentley College.

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