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Finance and Accounting for Nonfinancial Managers: All the Basics You Need to Know, by William G. Droms, Jay O. Wright
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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.
- Sales Rank: #551604 in Books
- Published on: 2010-06-22
- Released on: 2010-06-22
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x .81" w x 6.13" l, .90 pounds
- Binding: Paperback
- 320 pages
About the Author
William G. Droms is Professor of Finance at the McDonough School of Business, Georgetown University, and Chairman of Droms Strauss Advisors, Inc. He lives in Annapolis, Maryland.
Jay Wright is the CEO of the Mobilepro Corporation and an adjunct professor at the McDonough School of Business, Georgetown University. He lives in Bethesda, Maryland.
Most helpful customer reviews
20 of 20 people found the following review helpful.
Easy to read and understand for the non-technical person
By Harold McFarland
This book does a great job of helping managers understand the financial world. It takes the basics of finance and accounting and describes them in a very non-technical and easy to understand manner. I am a degreed accountant with a strong finance and economics background and find it difficult to explain things to business owners and managers in a way that makes sense to them. This book resolves that problem. By the time they read through it once we can at least talk together and I don't feel like I am using a foreign language.
A very valuable book that should be required reading for anyone who goes into business for theirself or moves up the corporate ladder to a position where understanding these things is beneficial for their career. While it is not a treatise on the details of accounting and finance it will give you a broad enough scope to understand what you should be doing and why things work the way that they do. A recommended read.
18 of 21 people found the following review helpful.
A fine overview for nontechnical managers.
By A Customer
Professor Droms has re-edited his well known book: FINANCE AND ACCOUNTING FOR NONFINANCIAL MANAGERS. I, for one, am very glad to see that it continues in print and available.
This book provides remarkable insights into why things financial are the way that they are. His examples are clear and understandable. His explanations are coherent and make sense.
Perhaps, the only critique I can make for this useful and easier to follow book, is that it is too short.
Henry H. Goldman, Ph.D.
Associate Professor, Business Administration TOURO UNIVERSITY INTERNATIONAL
8 of 10 people found the following review helpful.
A Bit Too Theoretical
By A Customer
This is not a bad book. It covers a lot of ground. But at times it gets a bit too theoretical, rather than being down to earth. I saw the reviews that liked it, but several of them were by financial managers. For those of us who are not financial managers, there is quite of a bit of mathematics and theory. For example, for capital budgeting there is a whole chapter of mathematical formulas with a small paragraph saying no one really uses the formulas - they use calculators or computers. But there was no discussion about what calculator or computer program to buy or how to do the calculations with a calculator or computer. The book is also pretty much out of date, espeically in areas like the tax chapter.
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