Keeping math to a minimum, this guide for managers in sales, marketing, and human resources explains how to analyze and apply financial data to measure a company's performance and make sound strategic and operational decisions. The author describes each component of the balance sheet and statement of cash flows and explores fixed-cost versus variable-costs analysis within the context of strategic planning. The second edition discusses Sarbanes-Oxley, fair value accounting, and the recent financial crisis. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)
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Based on the bestselling AMA seminar, a nuts-and-bolts guide to the dollars-and-cents issues that drive your organization! As a department manager, the last thing you want to think about is numbers. But the truth is, that’s the only thing your executives and senior managers are thinking about so it’s crucial to understand key financial information like balance sheets, income statements, cash flow statements, budgets and forecasts, and annual reports. With over 40,000 copies sold, The Essentials of Finance and Accounting for Nonfinancial Managers has long provided readers with insight into the financial fundamentals. It demystifies the role accounting and finance play in a corporation, demonstrates how financial decisions reflect business goals, and shows how managers can connect corporate financial information directly to their own strategies and actions. Now revised to reflect new accounting and financial standards, the second edition includes: Strategies for getting your share of the budget • New case studies and practice sessions • An explanation of Sarbanes-Oxley and its relevance to nonfinancial managers • How to manage cash flow in tough times • Fraud detection tools • An expanded glossary including up-to-the-minute business concepts and terminology • And more
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