Based on the bestselling AMA seminar, a nuts-and-bolts guide to the dollars-and-cents issues that drive your organization! As a department manager, the last thing you want to think about is numbers. But the truth is, that's the only thing your executives and senior managers are thinking about so it's crucial to understand key financial information like balance sheets, income statements, cash flow statements, budgets and forecasts, and annual reports. With over 40,000 copies sold, The Essentials of Finance and Accounting for Nonfinancial Managers has long provided readers with insight into the financial fundamentals. It demystifies the role accounting and finance play in a corporation, demonstrates how financial decisions reflect business goals, and shows how managers can connect corporate financial information directly to their own strategies and actions. Now revised to reflect new accounting and financial standards, the second edition includes: Strategies for getting your share of the budget * New case studies and practice sessions * An explanation of Sarbanes-Oxley and its relevance to nonfinancial managers * How to manage cash flow in tough times * Fraud detection tools * An expanded glossary including up-to-the-minute business concepts and terminology * And more
A comprehensive primer for executives and managers on workingcapital management With limited access to credit and short term funding, it isincreasingly important that companies focus on working capitalmanagement to free up funds and optimize liqidity. Written in theeasy-to-follow Essentials Series style, Essentials of WorkingCapital Management covers the main components of workingcapital. Covers the latest trends around working capital Discusses a range of working capital topics, including cashmanagement, banking relations, accounts receivable, inventory,accounts payable, and foreign exchange Analyzes the efficient utilization of current assets andliabilities of a business through each phase of the operatingcycle Examines the planning, monitoring, and management of thecompany's collections, disbursements and concentration banking Explores the gathering and management of information andforecast data to effectively use funds and identify risk Focused on how businesses can continue to be successful in thesedifficult times, specifically in relation to the limited creditavailable to businesses, this book puts practical guidance at yourfingertips so you can put them to work right away. A comprehensivecase introduces each major section of the book, and suggestedsolutions are included in a book appendix.
Financial analysis, based on ratio analysis, has been used as a tool for analyzing the financial strength of corporations. Although ratio analysis is generally used as a univariate strategy, the accounting and finance literature has evolved to include multivariate-based models in financial analysis, and these models can be used to explain important economic events and often predict them. Thus, in an exhaustive coverage of the economic events to which they can be applied, Riahi-Belkaoui discusses these models in a way that will have special value to corporate management, financial planners, and to their colleagues in the academic community who specialize in business and economic analysis.
In this indispensable book from the industry-leading American Management Association, financial expert John Hampton offers game-changing tips for dealing with the most important areas of financial decision-making. Filled with strategies, principles, and measurement techniques, The AMA Handbook of Financial Risk Management shows readers how to categorize financial risks, reduce risks from cash flow and budget exposures, analyze operating risks, understand the interrelationship of risk and return, manage risks in capital investment decisions, determine the value of common stock, and optimize debt in the capital structure. Engaging and detailed explanations and practical applications enable anyone involved in the financial management of an organization to recognize the factors at stake and the solutions that would produce the best organizational outcomes. Managing financial risk boils down to understanding how to reduce a complex business environment into workable concepts and models. This strategic guide shows you how to make these individual decisions with the big picture in mind.
This Handbook aims to be the most comprehensive and up to date reference book available to those who are involved - or could be involved - in the world of finance. The financial world has a capacity for ingenious innovation and this extends to the often bewildering array and use of terms.Here you can find out the meaning of Circus, Firewall, Amazon Bond, Clean Float, Cocktail Swap, Butterfly, Streaker, Straddle, Strangle, and a host of other expressions.As well as defining terms the book also shows how they are used differently in different markets and countries. It also has numerous example showing clearly the use of particular calculations and instruments; and provides details of major markets, acronyms and currencies.Reflecting the development of global financial markets this Handbook will have broad appeal around the world. It will be a reliable guide for practitioners, and those in the related professions of accounting, law and management. At the same time it will be an invaluable companion for advancedstudents of finance, accounting and business.