Finance And Accounting For Non-Financial Managers

Samuel C. Weaver


In Circulation

J. Fred Weston provides managers and executives with the information they need to understand essential accounting principles, from vocabulary and financial statements to cash flow and valuation.

Covering balance sheets, income statements, reporting measures, and even essential ratios, this practical, in-depth book provides a one-stop, reference for all aspects of finance and accounting, and will help managers take essential steps toward making informed decisions based on the numbers they face every business day. 

What will you learn from this book

  1. Understanding Financial Statements: Non-financial managers benefit from learning how to read and interpret financial statements like balance sheets, income statements, and cash flow statements to grasp a company's financial health.

  2. Cost Management: Learning about cost structures, cost behaviors, and ways to manage and control costs is crucial for effective decision-making.

  3. Budgeting and Forecasting: Managers should understand the process of creating budgets and forecasts, as these are essential tools for planning and monitoring financial performance.

  4. Capital Budgeting and Investment Decisions: Evaluating investment opportunities and understanding techniques like Net Present Value (NPV) and Internal Rate of Return (IRR) are vital for making sound investment decisions.

  5. Financial Ratios and Analysis: Knowing how to use financial ratios to assess a company's performance and compare it to industry benchmarks helps in understanding trends and identifying areas for improvement.

  6. Cash Flow Management: Understanding cash flow cycles, cash conversion cycles, and managing working capital efficiently are crucial for ensuring the company's liquidity.

  7. Risk Management: Recognizing different types of financial risks (such as market risk, credit risk, operational risk) and strategies to mitigate these risks is essential in decision-making.

  8. Financial Controls and Compliance: Being aware of internal controls, regulatory compliance, and ethical considerations in financial management ensures transparency and accountability.

  9. Strategic Financial Planning: Understanding how financial decisions align with the company's overall strategy and contribute to its long-term success is crucial for non-financial managers.

  10. Communication and Collaboration: Effective communication with finance and accounting teams, asking relevant financial questions, and collaborating on financial matters across departments enhances overall business performance.

Language English
ISBN-10 9780070486928
ISBN-13 9780070486928
No of pages 350
Font Size Medium
Book Publisher Tata Mcgraw-Hill
Published Date 10 Sep 2002

About Author

Author : Samuel C. Weaver


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