Comprehensive and accessible, managers in non-financial areas -- sales, marketing, production, and others -- will readily understand the meaning of financial terms and concepts, statements, and ratios, but more importantly, they will discover how they affect the operations of a business or corporation.
This revised and expanded 3rd edition has retained its easy-to-read approach and broad coverage of equity, ratio analysis, balance sheets, future profits, lifo, liquidations, asset valuation, cash flow statements, capital leasing, liabilities, present value and operating leverage. In addition, six new chapters covering basic tax concepts, capital structure, business plans, working capital management and banking relationships, accountability and control, and personal finances have been added. Updates for the latest tax and account rule changes have been incorporated throughout the book. New to the CD-ROM are interactive Excel templates that allow readers to immediately apply many of the concepts and techniques discussed throughout the book and hyperlinks that will take the reader to relevant websites with just one click of the mouse. It also contains the complete -- thoroughly searchable -- text.