Finance and Accounting for Nonfinancial Managers : All the Basics You Need to Know

7th ed. — Basic Books, 2015. — 336 p. — ISBN: 0465078982, 9780465078981. Packed with step-by-step examples and illustrative case studies, and updated to reflect the latest changes in economic policy and the financial landscape, Finance and Accounting for Nonfinancial Managers is a nuts-and-bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike. William G. Droms and Jay O. Wright’s definitive guide to financial analysis and management is now revised throughout and features a new chapter on the Dodd-Frank Act and JOBS Act, bringing the book up to date for the post-recession economy while still covering all major aspects of financial management, including: Reading a Balance Sheet. Mastering the Accounting Cycle. Making Long-term Investment Decisions. Conducting Breakeven Analysis for Profit Planning. Calculating the Cost of Capital. Evaluating Closely Held Companies and much more. "Packed with step-by-step examples and illustrative case studies, and updated to reflect the latest changes in economic policy and the financial landscape, Finance and Accounting for Nonfinancial Managers is a nuts-and-bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike. William G. Droms and Jay O. Wright's definitive guide to financial analysis and management is now revised throughout and features a new chapter on the Dodd-Frank Act and JOBS Act, bringing the book up to date for the post-recession economy while still covering all major aspects of financial management, including: Reading a Balance Sheet ; Mastering the Accounting Cycle ; Making Long-term Investment Decisions ; Conducting Breakeven Analysis for Profit Planning ; Calculating the Cost of Capital ; Evaluating Closely Held Companies and much more."--Back cover. 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. Contemporary financial management The tax environment Introduction to financial statements Accounting : a financial information system Special topics in accounting Financial statement analysis Financial forecasting and cash budgeting Breakeven analysis for profit planning Working capital policy Working capital management Mathematics of compound interest Capital budgeting Cost of capital Valuation of financial assets Valuing closely held businesses Sources and forms of long-term financing Corporate governance International finance Mergers and acquisitions Regulation and risk management.