Rent 9780814416242 | The Essentials of Finance and Accounting for Nonfinancial Managers

Summary Table of Contents Author Biography

As a department manager, the last thing you want to think about is numbers. But the truth is, that's the only thing your executives and senior managers are thinking about so it's crucial to understand key financial information like balance sheets, income statements, cash flow statements, budgets and forecasts, and annual reports. With over 40,000 copies sold, The Essentials of Finance and Accounting for Nonfinancial Managers has long provided readers with insight into the financial fundamentals. It demystifies the role accounting and finance pl... MORE

Introduction	p. 1
Organization of the Book	p. 3
Additional Background	p. 8
Accounting Defined	p. 9
Generally Accepted Accounting Principles	p. 10
Financial Analysis	p. 11
Some Additional Perspectives on the Planning Process	p. 13
Understanding Financial Information
The Balance Sheet	p. 19
Expenses and Expend... MOREitures	p. 22
Assets	p. 23
Important Accounting Concepts Affecting the Balance Sheet	p. 30
Liabilities	p. 36
Stockholders' Equity	p. 37
Total Liabilities and Stockholders' Equity	p. 40
Additional Balance Sheet Information	p. 41
Analysis of the Balance Sheet	p. 44
The Income Statement	p. 55
Analysis of the Income Statement	p. 60
The Statement of Cash Flows	p. 64
Sources of Funds	p. 65
Uses of Funds	p. 68
Statement of Cash Flows	p. 71
Financial Practice Review	p. 71
Analyzing the Statement of Cash Flows	p. 71
Generally Accepted Accounting Principles: A Review and Update	p. 75
The Fiscal Period	p. 76
The Going Concern Concept	p. 76
Historical Monetary Unit	p. 76
Conservatism	p. 77
Quantifiable Items or Transactions	p. 77
Consistency	p. 78
Full Disclosure	p. 78
Materiality	p. 78
Significant Accounting Issues	p. 78
The Annual Report and Other Sources of Incredibly Valuable Information	p. 83
The Annual Report	p. 84
The 10-K Report	p. 104
The Proxy Statement	p. 106
Other Sources of Information	p. 107
The Securities and Exchange Commission	p. 108
Analysis of Financial Statements
Key Financial Ratios	p. 113
Statistical Indicators	p. 113
Financial Ratios	p. 114
Liquidity Ratios	p. 116
Ratios of Working Capital Management	p. 119
Measures of Profitability	p. 128
Financial Leverage Ratios	p. 135
Using Return on Assets to Measure Profit Centers	p. 142
Assets	p. 143
Revenue	p. 145
After-Tax Cash Flow (ATCF)	p. 146
Return on Assets: Its Components	p. 146
Overhead Allocations	p. 153
Problems That Arise from Cost Allocation	p. 153
What About the IRS and GAAP?	p. 156
Effect on Profits of Different Cost Allocation Issues	p. 156
Decision Making for Improved Profitability
Analysis of Business Profitability	p. 167
Chart of Accounts	p. 169
Fixed Costs	p. 169
Variable Costs	p. 170
Development of Fixed-Cost Estimates	p. 170
Development of Variable-Cost Estimates	p. 170
Breakeven Calculation	p. 172
Variance Analysis	p. 181
Return on Investment	p. 189
What is Analyzed?	p. 189
Why are These Opportunities Analyzed So Extensively?	p. 190
Discounted Cash Flow	p. 192
Present Value	p. 195
Discounted Cash Flow Measures	p. 197
Risk	p. 202
Capital Expenditure Defined	p. 204
The Cash Flow Forecast	p. 205
Characteristics of a Quality Forecast	p. 205
Establishing the ROI Target	p. 209
Analytical Simulations	p. 212
Comprehensive Case Study	p. 215
Additional Financial Information
Financing the Business	p. 223
Debt	p. 224
Equity	p. 233
Some Guidance on Borrowing Money	p. 235
Business Planning and the Budget	p. 240
S.W.O.T. Analysis	p. 241
Planning	p. 242
Significant Planning Guidelines and Policies	p. 245
Some Additional Issues	p. 247
A Guide to Better Budgets	p. 248
Preparation of the Budget	p. 250
Selected Business Readings	p. 253
Profitability During Tough Times	p. 254
Do the Right Thing	p. 257
Appendixes	p. 260
Glossary	p. 289
Index	p. 309
Table of Contents provided by Ingram. All Rights Reserved.

Edward Fields has taught the American Management Association's course "Fundamentals of Finance and Accounting for Nonfinancial Managers" for nearly 30 years. He is a consultant on strategic and financial issues for many corporations. He lives in Old Bridge, New Jersey.

RENT TEXTBOOKS

The Essentials of Finance and Accounting for Nonfinancial Managers

Why Rent from Knetbooks?

Top 5 reasons to order all your textbooks from Knetbooks:

Related Products