4 of 4 people found the following review helpful
Worth every penny,
This review is from: Guide to Financial Management (Hardcover)
This is highly practical, comprehensive and comprehensible book on financial management for non-finance managers. I happened to find it on the bookshelf of my local Waterstone's Book Shop a couple of years ago and although £20 is a lot to pay I've found it worth every penny. It has improved my understanding of what accountants do, the challenges they face and how they can help you add value to the organisation.
The author writes with ease and confidence about a subject he knows well. The book is well organised and looking up specific issues or topics is easy. The non-finance person has no trouble following the author's points yet never feels patronised. There is a ten-page glossary.
Chapter 3 'The Role of the Finance Department' has proved particularly useful to me. (Personally, I'd make all financial directors read it; so many of them seem to have forgotten the role of their department, if they ever knew.) Relevant sections in this chapter include "What managers need to know", "Designing management information" and "Working with finance". The author goes into some detail on how to make financial information readable. It's rare to find such ideas in finance books - possibly one reason why many accountants cannot communicate with stakeholders, but are first rate at adding up columns of numbers.
This is an excellent book, useful to anyone working with accountants or other finance people.