||Finance and Accounting for Nonfinancial Managers, Second Edition
||Eliot H. Sherman
||American Management Association
|Field Of Study:
|Purchase This Course
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.
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"
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
Learn key financial concepts and relate them to the financial
management actions necessary for the nonfinancial manager.
About This Course:
As one course among many offered in the American Management Association's Self-Study
curriculum, Finance and Accounting for Nonfinancial Managers, Second Edition, introduces the
reader to financial terminology, relates financial measures to operating information, and
enables the student to understand and apply financial measures to operating performance.
Today's managers, whether supervisors or senior executives, are expected to understand and
use financial and operational measures, prepare and utilize budgets, respond to inquiries
about the financial consequences of actions taken by them or by their department or team, and
understand and use financial and accounting terminology–the common language of business measurement.
Written in a conversational, easy-to-understand tone, the course treats finance and accounting from
the perspective of users of financial information–it enhances their ability to communicate
effectively with subordinates, other managers, senior executives, and accounting and finance
professionals. It offers managers the ability to use and analyze financial information to
improve the performance of their operations and to identify–and avoid–potential problems.
The second edition features a new chapter, "Corporate Governance," which examines and
analyzes recent financial scandals, outlines the key points of the Sarbanes-Oxley Act
of 2002, and explains the role of the auditor and the SEC. This edition has been updated
throughout to provide managers with the most current and complete information available.
Eliot H. Sherman, CPA, has more than twenty-five years of financial management experience.
He is currently a full-time Lecturer in the Finance and Insurance Department of
Northeastern University's College of Business Administration. He is also a part-time
Professor of Finance at the Hult International Business School and an h
Adjunct Professor at Brandeis University and at Suffolk University.
He also serves as a Discussion Leader for the American Institute of
Certified Public Accountants and as an Instructor for EMC Corporation.
Prior to becoming a full-time educator, Mr. Sherman served as te Chief Financial Officer, Treasurer, and Director
of a number of different corporations in manufacturing and service industries and as
Partner and Chief Financial Officer of Venture Builders, an advisory firm dedicated to
helping entrepreneurs build successful businesses. Earlier in his career, he was principal
of his own consulting firm providing strategic and operational planning assistance and
financial management guidance to smaller, growing businesses. During his career, he has
worked for businesses from the very small to the Fortune 50, from private to publicly
held, from domestic to multinational to foreign-owned. He currently serves as a director
or advisor to several corporations and not-for-profit organizations in the Boston area.
Mr. Sherman was educated at Harvard College and earned masters degrees from The Amos
Tuck School and Bentley College. He teaches regularly for several state societies of
CPAs and for the American Institute of Certified Public Accountants, a major developer
of professional education courses marketed to state CPA societies and other national
organizations, and for a number of corporations in the Boston area. He has authored
several financial management training programs offered through several different training
organizations throughout the country.
The publisher would like to thank David Filipek, CPA,
Associate Professor, Rhode Island College, Providence, Rhode Island, for his review of the manuscript of this course.
Table Of Contents
How To Take This Course
Finance For Managers