CHAPTER 1

Users of Accounting and Financial Information

Accounting is often referred to as the language of business; unfortunately, many business professionals lack fluency in this unique language, making it difficult for them to perform basic financial analysis, prepare budgetary forecasts, or compare competing capital investment alternatives. Although there is no shortage of well-written accounting textbooks, budgeting handbooks, or finance publications, most require that readers have educational backgrounds and/or professional experience in accounting and financial management.

This book targets individuals in management positions with limited exposure to—or formal training in—the disciplines of accounting and finance. These professionals include ...

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