Series: McGraw-Hill 36-Hour Courses
Paperback: 352 pages
Publisher: McGraw-Hill Education; 3 edition (January 6, 2011)
Language: English
ISBN-10: 0071749551
ISBN-13: 978-0071749558
Product Dimensions: 6 x 0.8 x 9 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review: 4.1 out of 5 stars See all reviews (16 customer reviews)
Best Sellers Rank: #286,740 in Books (See Top 100 in Books) #64 in Books > Business & Money > Economics > Public Finance #270 in Books > Business & Money > Accounting > Financial #283 in Books > Business & Money > Small Business & Entrepreneurship > Nonprofit Organizations & Charities
I recently transitioned out of the military into a corporate job and had no experience with P&L and no financial background but was expected to pick financial terms and concepts up right off the bat. I took an MBA course in finance and accounting to help me out but the information didn't really land as I had no business context with which to understand the information. This book really dumbed down a lot of the information and gave me exactly what I needed to understand the financial statements and budget issues within my company. I highly recommend!!!
This is a great resource for those in business or in business source. I borrowed this text from our corporate library to use a complimebntary text for an MBA program. I decided to purchase my own copy so the book didn't get too worn.
I have never been a number guy but recently I have been serious about learning more about finances . As the book says words are the language of love and numbers are the language of money. I've read, Trading Bases about sports and numbers, I read Moneyball and now, Finance for Nonfinancial managers.My takeaway is that once you know the formulas and rules of financial reports is not too complicated. You learn about budgets, income statements, and cash flow statements. The reasons I gave it only 4 stars is because more examples of finances for non-business issues like buying a car, or doing a family budget, etc. and the other reason I didn't give it a 5 stars is I personally like summary chapters where you tie everything up and sometimes going further and break it down in a summary type of way.I recommend it for anybody who sleep walks through budget,meetings. I took the online test and if you pass and will get a certificate.
This finance book provides good information in logical order of topics for primarily those without a finance or accounting background but can still be a good refresher for those of us with it. This book provides a lot of different income statements, balance sheets, cash flow statements, etc. It also uses fictional companies for the various topics/examples which makes it easier to follow.The only negative thing about this book are the numerous corny jokes. For example:When the equipment is sold, lost, junked, or stolen, accountants have a catch-all word for any of these events. They talk about the disposition of equipment. This does not refer to how the equipment feels today (mean equipment/happy equipment) . It refers to the disposal of old equipment.
This book is very useful and handy to have about, however it is now out of print and there is no substitution for it, according to the McGraw Hill rep that I spoke to today, so if you don't already have this book and want it, grab it quick, once it's gone, it's gone for good :(
Purchased this book for an IT class. I did not really need it since I had experience in accounting. if you have any type of accounting experience, do not buy this book. You will be somewhat disappointed.
This book is simply the best.The authors are fantastic, they present the material is such an easy to comprehend form which makes it fun.The book is structured around a fictitious business called "Rosie Rouse's Spouses Houses" (There are many more), however the author walks you through the understanding of this businesses and it's cost structure outlining all the elements that make up the Income Statement, Balance Sheet and how Rosie created a budgeting report, how to compare those reports with the actual results of the business and calculate it's variances to figure out if Management is executing on it's plan.I personally enjoyed the chapter regarding Equity, which I think is fundamental for beginning entrepreneurs or investors.There are however topics that this book doesn't cover, however I'm rating it a 5 star because this book sets the foundation to continuously build upon.. any book about finance should only be read after reading this book... PERIOD..Great Job
The book is well-written for the layperson and gets its point across succinctly in many parts. Some sections are wordy and the analogies can get a bit repetitive, but overall a useful collection of financial content. What really frustrated me after purchasing the Kindle eBook was the lack of page numbers, adding to the steps needed to complete a homework assignment. I either have to consult a fellow student's printed book, or flip through 's preview feature to see how the actual page numbers align with the "location number x of y" used in the electronic "convenience" eBook. I'd give the printed book 3.5 starts if that were possible.
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