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Finance and Accounting for Nonfinancial Managers (Finance & Accounting for Nonfinancial Managers)
 
 
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Finance and Accounting for Nonfinancial Managers (Finance & Accounting for Nonfinancial Managers) [Paperback]

William G Droms

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Product Description

Product Description

This is an outstanding presentation of the fundamental tools and techniques of financial analysis essential to success in any business or nonprofit organization. In the current environment of cut-throat competition, razor-thin profit margins, and increasing scrutiny from stakeholders, mastering the fundamentals of financial management is a must for everyone with a stake in their companies and in their own professional futures. Packed with step-by-step examples and illustrative case studies, and updated to reflect the latest trends in the economy and in financial policy, "Finance and Accounting for Nonfinancial Managers" is a nuts and bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike. Featuring new commentary on corporate accountability, updated interactive templates, study questions, and instructor's guide on the Web, "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; and, much more.

About the Author

William G. Droms is the John Powers Jr., Professor of Finance in the McDonough School of Business, Georgetown University, and Chairman of Droms Strauss Advisors, Inc., a registered investment advisor. An internationally recognized finance and investment management consultant, he has designed and delivered executive development programs to thousands of managers in a wide variety of trade and professional associations, corporations, and financial institutions. He lives in Annapolis, Maryland. Jay Wright is an adjunct professor at the McDonough School of Business, Georgetown University. After earning a JD from the University of Chicago, he worked as a mergers and acquisitions attorney for Skadden, Arps in New York, and Foley & Lardner in Chicago. Between 1997 and 1999 Mr. Wright served as an investment banker with Merrill Lynch. He is currently the Chief Executive Officer of the Mobilepro Corporation, and he lives in Bethesda, Maryland.

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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Amazon.com:  7 reviews
18 of 18 people found the following review helpful
Easy to read and understand for the non-technical person 15 Dec 2001
By Harold McFarland - Published on Amazon.com
Format:Paperback
This book does a great job of helping managers understand the financial world. It takes the basics of finance and accounting and describes them in a very non-technical and easy to understand manner. I am a degreed accountant with a strong finance and economics background and find it difficult to explain things to business owners and managers in a way that makes sense to them. This book resolves that problem. By the time they read through it once we can at least talk together and I don't feel like I am using a foreign language.
A very valuable book that should be required reading for anyone who goes into business for theirself or moves up the corporate ladder to a position where understanding these things is beneficial for their career. While it is not a treatise on the details of accounting and finance it will give you a broad enough scope to understand what you should be doing and why things work the way that they do. A recommended read.
18 of 21 people found the following review helpful
A fine overview for nontechnical managers. 6 July 1999
By A Customer - Published on Amazon.com
Format:Paperback
Professor Droms has re-edited his well known book: FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS. I, for one, am very glad to see that it continues in print and available.

This book provides remarkable insights into why things financial are the way that they are. His examples are clear and understandable. His explanations are coherent and make sense.

Perhaps, the only critique I can make for this useful and easier to follow book, is that it is too short.

Henry H. Goldman, Ph.D.

Associate Professor, Business Administration TOURO UNIVERSITY INTERNATIONAL

5 of 6 people found the following review helpful
Great for project managers 16 Jun 2000
By Keith Parker - Published on Amazon.com
Format:Paperback
It is concise and easy to understand. Helps you understand basic accounting and business finance without having a background in accounting.

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