Finance and Accounting for Nonfinancial Managers,
New in this edition:
- Revised and updated information on interest rates, credit availability and the overall financial environment
- Up-to-date examples and scenarios
- Added information on credit markets, inventory disposition, value stream resource planning, discounted payback and modified internal rate of return
- Updated discussion of the banking marketplace to reflect consolidation and the growth of national banking
- Chapter on “Financial Ethics and Corporate Governance”
Finance and accounting are the universal languages of business. Whether you’re a brand-new supervisor or a seasoned professional, you won’t go far without having a command of key financial concepts. Think of this broad-based course as your personal, one-on-one tutor. Revised and updated throughout and featuring a new chapter on corporate governance, Finance and Accounting for Nonfinancial Managers, Second Edition, is written expressly for nonspecialists like you. This fundamental course clearly explains how to understand financial and operational measures, prepare and utilize budgets, respond to inquiries about the dollars-and-cents consequences of actions taken by you or your department and speak the jargon of finance with fluency and ease.
By relating financial management actions to everyday business tasks, the author sets the tone for painless learning. Step-by-step exercises and interactive examples will show you how to put the standard techniques of financial analysis to work immediately. This course encourages you to draw on personal experience to strengthen your comprehension of new material. Upon completion, you’ll be comfortable discussing financial concepts and data with your managers, accounting staff, CPAs and other financial professionals. And you’ll be helping to run a tighter financial ship—always a plus in your own career development.
Learn how to
- Differentiate between finance and accounting
- Grasp accounting fundamentals such as debits, credits and double-entry bookkeeping
- Analyze basic financial documents such as income statements and balance sheets
- Use financial tools to manage performance more effectively
- Determine how assets, liabilities and equity affect your area of operation
- Apply financial risk/return principles to managerial decision making
- Justify requests for new equipment and other capital investments
- Improve budgeting skills
- Relate their department’s financial performance to the bigger picture
Course Objective: Learn key financial concepts and relate them to the financial management actions necessary for the nonfinancial manager.
Level: Fundamental
Read the Table of Contents (PDF) for more detailed information on the course.
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