The definitive guide to the principles of finance and accounting—revised and updated and including access to interactive worksheets online.
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, this book 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 sheet
- Mastering the accounting cycle
- Making long-term investment decisions
- Conducting breakeven analysis for profit planning
- Calculating cost of capital
- Evaluating closely held companies
(text from the publisher)