Description
Droms and Wright (finance, Georgetown U.) introduce the fundamentals of finance and accounting for nonfinancial managers, entrepreneurs, executives, lawyers, public policy makers, investors, and undergraduate and graduate students. They cover aspects like how to read a balance sheet and financial statements, master the accounting cycle, make long-term investment decisions, conduct breakeven analysis, calculate the cost of capital, and evaluate closely held companies. This edition has new chapters on corporate governance, mergers and acquisitions, and international finance, updated templates, and updates to reflect changes in policy and the financial crisis of 2008-2009. No bibliography is provided. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)
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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 an online instructor’s guide, this new edition covers all the key aspects of financial management.
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