Make simple sense of complex financial information!
The high-profile accounting scandals of recent years have made one thing clear: You can't know too much about the company for which you work. What are the numbers? Where do you find them? How do they affect you and your staff?
This fully revised and updated third edition of The McGraw-Hill 36-Hour Course: Finance for Nonfinancial Managers provides a firm grasp on what all the numbers really mean. Designed to let you learn at your own pace, it walks you through:
- The essential concepts of finance, so you can ask intelligent questions and understand the answers
- Vital statements and reports, with sections on pro forma financial statements and expensing of stock options
- The auditing process--what is measured, how it's measured, and how you can help ensure accuracy and completeness
With chapter-ending quizzes and an online final exam, The McGraw-Hill 36-Hour Course: Finance for Nonfinancial Managers serves as a virtual professor, providing the curriculum you need to crunch the numbers like a pro!
Table of contents
- Cover Page
- Title Page
- Copyright Page
1 Numbers, Numbers, Numbers: The Why and The How
- Statistics and Numbers That Confound Us
- Scores: Numbers We Enjoy
- Simplicity Makes It Easier
- Going into Business (Our Novel)
- Basic Concept (Cash Accounting and Accrual Accounting)
- When to Use and Not Use Cash Accounting
- A Few Basic Terms
- Financial Statements and Reports
- Generally Accepted Accounting Principles (GAAP)
- A Move to Replace GAAP with International Accounting
- Who Makes the Rules? Who Defines GAAP?
2. Keeping Score: Sales
- What Is a Sale?
- Types of Sales
- Reduction of Sales
- How to Fudge the Sales Figures
3. Keeping Score: Cost of Sales
- Cost of Goods Sold
- Freight on Purchases
- Discounts on Goods Purchased
- Cost of Services
- How to Fake a Reduction in Cost of Goods Sold
4. Keeping Score: Expenses
- Expenses: What Are They? How Are They Reported?
- Expense Classification, in General
- Alphabetical or Size Order
- Detailed, by Department or Division
- Controllable and Uncontrollable Expenses
- Summary Reports (Just the Essentials)
- Variable and Fixed Expenses, Breakeven Point
- Direct and Indirect Expenses
5. Equipment and Other Things That WillBeAround for Years
- Depreciation: How Much Does It Cost to Have the Stuff Around?
- Which Way to Compute Depreciation?
- Tax Depreciation vs. Financial Depreciation
- Small Bits and Pieces of Equipment
- Reserve for Depreciation
- When the Equipment Is Sold, Lost, Junked, or Stolen
- Repair or Refurbishment of Equipment
- Intangibles (Profit-Making Things That Aren’t There)
6. Buying, Leasing, or Doing Without
- Justifying the Purchase of Equipment
- Repair or Replace
- Leasing: Painless (?) Purchasing
- A Word on Income Tax Lease Rules
- A Budgeting Communication Problem
7. The Balance Sheet
- What’s a Balance Sheet? What Does It Mean?
- Working Capital
- Notes to the Financial Statements
- Equity—The “Balance” Part
8. Ownership and Equity
- Makea Killing in Equity?
- Building Equity
- Statement of Change in Owner’s Equity
- Equity in a Partnership
- Limited Liability Company (LLC)
- Corporate Equity
- Valuation of Common Stock
- Types of Corporations
- What Is Budgeting?
- Keeping Score
- The Starting Point
- The Spouse House Company Plan
- Resulting Sales Budget
- Cost of Goods Sold Budget
- Expense Budget
- Budget Summary
- Zero-Based Budgeting
- 10. Budget Reporting and More Budgets
11. Manufacturing and Construction
- Cost of a Manufactured Spouse House
- Costs/Expenses—Which Went Where?
- Inventories and Fluctuating Costs
- Unit Costs
- Standard Costs
- Variations in Standard Costs and Budgets
- Process Costs/Job Costs
- Work-in-Process Inventory
- The Contracting Business
12. Analysis of an Enterprise
- The Income Statement
- The Balance Sheet
- Retained Earnings Statement
- Cash Flow Statement
- Notestothe Financial Statements
- Alternative Ratios and Other Financial Tools Popularized in the 1990s
- Can You Trust the Financial Statements?
Special Topic: What Do Auditors Do—Or Should They Do?
- Types of Auditors
- How Auditors Audit
- The Results of an Audit
- When Audits Fail to Find Faults
- The Emerging Solution: More Government Control!
- Less Hanky-Panky in the Boardroom?
- Appendix A Flexible Budget Computations
- Appendix B Sources of Industry Averages
- Appendix C Sources of Information on Publicly Held Corporations
- Appendix D Dates Pertinent to Dividends on Publicly Held Stock
- Appendix E Classes of Common Stock and Preferred Stock
- Appendix F Goodwill
- Appendix G Nonprofit Organizations
- Answer Key to Review Questions and Case Studies
- Title: The McGraw-Hill 36-Hour Course: Finance for Non-Financial Managers 3/E, 3rd Edition
- Release date: January 2011
- Publisher(s): McGraw-Hill
- ISBN: 9780071759472
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