Have you recently been promoted? Are you starting a new business? Do you suddenly find that you need to know more about finances than you ever expected, but have no time for formal training? If so, you need Accounting and Finance for the Non-Financial Executive. Whether you are a newly promoted middle manager or executive, a marketing manager of a small company, an entrepreneur, or own your own business, your results will be measured in dollars and cents. You need to know the basics of finance and accounting to make sound business decisions and become successful.
Shim shows you the strategies for evaluating investment decisions such as return on investment analysis. You will see what you need to know, what to ask, which tools are important, what to look for, what to do, and how to do it. Easy to read and useful, the book presents many practical examples, illustrations, guidelines, measures, rules of thumb, graphs, diagrams, and tables that make comprehending the subject easy.
Accounting and Finance for the Non-Financial Executive prepares you for additional managerial responsibilities. You will be better equipped to prepare, appraise, evaluate, and approve plans to accomplish departmental objectives. You will be able to back up your recommendations with carefully prepared financial support. Whether they are based on marketing, production, or personnel, by learning how to think in terms of finance and accounting you can intelligently express your ideas.
Table of Contents
Financial Decision Making and Analysis
What Can You Do About Your Departmental Costs
How You Can Use Contribution Margin Analysis
Are You Breaking Even?
How to Make Short-Term, Nonroutine Decisions
Financial Forecasting and budgeting
Using Variance Analysis as a Financial Tool
CRITICAL ASSET MANAGEMENT ISSUES
Working Capital and Cash Management
How to Manage Your Accounts Receivable
How to Manage Inventory
FINANCIAL DECISION MAKING FOR MANAGERS
Understanding the Concept of Time Value
Capital Investing Decisions
How to Analyze and Improve Management Performance
How to Evaluate Your Segment's Performance
How Taxes Affect Business Decisions
What to Know About Short-Term Financing
Looking at Term Loans and Leasing
Deciding on Long-Term Financing
DISSECTING FINANCIAL STATEMENT INFORMATION
Understanding Financial Statement Information
Recording Financial Information and Accounting Conventions
Analyzing Financial Statement Information