FOR MANAGERS who want to familiarize themselves with financial information, here's a guide that explains the basic-the vocabulary, methods, and processes, of this often too confusing subject for the laymen.
The importance of understanding financial information should not be restricted to accountants, since balance sheet, income statement, operating budgets and other financial information also form a constant part of a non accounting manager's day. The ability to interpret reports accurately and confidently is rapidly becoming a compulsory management skill.
This book is written in clear, non-technical language and it gives you a firm grip on everyday business transactions that involve the financial process. It is for any manager who comes into contact with elements of financial accounting and feels the need for a better understanding of what's going on. It should also be an interest to those with little knowledge in accounting.
Its contents should be of value to those who are following a short course in financial accounting, perhaps as part of a university course majoring in other areas. You will learn to read a financial statement with ease, sharpen financial decision-making skills, and develop the ability to communicate clearly with accountants once you master concepts such as assets, liabilities, owners' equity, revenue, expenses, cash flow statement, depreciation, ratio analysis and many more. You will also be able to test your newly learned skills since this book comes with solutions for selected problems from each chapter.
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