Book Description
Provides clarity, strategy, and utility to the financial management and asset management of social sector organizations.
--Frances Hesselbein, chairman of the Board of Governors of the Peter F. Drucker Foundation for Nonprofit Management
This nuts-and-bolts workbook guides nonprofit executives and boards through the budget cycle, offering practical instruction on completing each step of the process. This one-source budgeting tool kit is specifically designed to give nonprofits everything they need to prepare, approve, and implement their own budgets. It is a start-to-finish guide that is comprehensive and easy to use. It provides smaller nonprofit budgeters and non-financial nonprofit managers with a simple, systematic method to create, maintain, and track their budgets. Examples, to-do lists, worksheets, schedules, and other hands-on tools help readers get down to work. Murray Dropkin draws on years of experience in working with nonprofit financial management to make this workbook an essential tool for anyone involved in financial management within a nonprofit organization.
Customer Reviews:
Needs Updating.......2007-05-12
Contains some decent tips but disappointing overall. Lacks treatment of the issue of restricted funds, essential to non-profit budgeting. Does not provide insight into effective use of spreadsheet programs like Excel which are essential to budget building. Does not show modern methods for calculating overheads like the FTE system. Contains a plethora of forms that can be used in various stages of the budget building process.
To the point.......2007-03-25
The book gives you straight forward step-by-step directions for developing a budgeting process that allows you to move the key budgeting tasks down into the organization to those who will do the tasks being budgeted. You are given informative examples of the key steps in budgeting and lots of forms to adapt and use in your organization. One of the best books on budgeting I have read.
Excellent Purchase.......2007-01-04
Being a new treasurer in a newly formed non-profit organization, this book is extremely helpful in planning and executing asset management. It was recommended by the national organization's board and it is well worth the purchase purchase price.
Excellent Resource.......2006-11-07
This book has been very helpful to our fiscal staff and me. I have used it to assist our department directors prepare their budgets for the first time. It has saved me hours of work.
Budget Management .......2006-04-23
When I purchased this book I thought it might be outdated for my organization. I was wrong - this is an excellent budget WORKBOOK. The author did an excellent job in bringing the complex and problematic issues of budgeting for Nonprofit organizations and takes you step by step into the process. The book covers everything from the start of the budget to financial reporting of the budget. This book also provides numerous samples of budgets. If your a budget manager or director - this book should give a fresh new way to look at the budgeting process.
Book Description
The tools to manage ongoing Sarbanes-Oxley compliance
In The Sarbanes-Oxley Section 404 Implementation Toolkit, author and consultant Michael Ramos provides a detailed road map to help companies not only streamline their compliance process, but also make the process manageable and repeatable year after year.
The first book to provide detailed implementation practice aids for Sarbanes-Oxley 404 compliance, The Sarbanes-Oxley Section 404 Implementation Toolkit is packed with work programs, audit checklists, and examples that readers can tailor to meet their own unique needs. Featuring a useful CD-ROM that contains all of the tools from the book, this timely workbook includes best practices that will benefit anyone who participates in the planning or performance of the effectiveness of internal control.
A must-read for all CFOs, internal auditors, CPA firms, and independent auditors involved in the compliance process, The Sarbanes-Oxley Section 404 Implementation Toolkit embraces the common approaches and methodologies that have proven successful in the new world of Sarbanes-Oxley internal control testing and reporting.
Download Description
The tools to manage ongoing Sarbanes-Oxley compliance In The Sarbanes-Oxley Section 404 Implementation Toolkit, author and consultant Michael Ramos provides a detailed road map to help companies not only streamline their compliance process, but also make the process manageable and repeatable year after year. The first book to provide detailed implementation practice aids for Sarbanes-Oxley 404 compliance, The Sarbanes-Oxley Section 404 Implementation Toolkit is packed with work programs, audit checklists, and examples that readers can tailor to meet their own unique needs. A must-read for all CFOs, internal auditors, CPA firms, and independent auditors involved in the compliance process, The Sarbanes-Oxley Section 404 Implementation Toolkit embraces the common approaches and methodologies that have proven successful in the new world of Sarbanes-Oxley internal control testing and reporting.
Customer Reviews:
Selected as workbook for UC Santa Cruz class.......2007-01-04
For the future presentations of the University of California Extension Sarbanes-Oxley class, we selected this volume and CDROM as the workbook. The earlier textbook was too high-level and theoretical. The head of the Finance and Accounting department was quick to approve the change. The participants in the class include both accounting and IT professionals; they will appreciate the very practical nature of this volume.
Toolkit That More Than Pays for Itself.......2005-09-20
One of the unintended consequences of subscribing to a Sarbanes-Oxley Listserv is seeing how many auditors, and companies, are struggling with Section 404 of the Sarbanes-Oxley Act of 2002. There has been a lot of uncertainty for auditors, and companies, as what is required and how to go about setting up an effective audit plan and making compliance repeatable, sustainable reality. I have seen more calls of help for toolsets in this Listserv than I wish there were, but that has been the reality. However, there is now an outstanding resource to help external, internal auditors, and companies get their acts together by streamlining the 404 compliance process.
Michael Ramos, author of the excellent "How to Comply with Sarbanes-Oxley Section 404: Assessing the Effectiveness of Internal Control", has now written "The Sarbanes-Oxley Section 404 Implementation Toolkit: Practice Aids for Managers and Auditors" (357 pages, John Wiley and Sons, 2005, ISBN 0471712256. This is not a book to sit down and read. This is a book that, from cover to cover, provides worksheets, sample documents, and decision criteria for their use. It is a book that comes with a CD-ROM of the entire documentation contents that will more than pay for itself from the first day you have it in your hands.
It is hard to look at a book like this and say "I like or do not like what the author has to say", or that "I really like the author's writing style". What you need to look at in deciding whether or not to purchase this book, is a series of questions.
Do you have to conduct Section 404 audits as part of an external audit or as part of a control self-assessment? Do you need ready to go and completely customizable templates to help you in this process? Do you want to use tools developed by an experienced Certified Public Accountant, instead of having to sit down and spend days on end developing your own toolsets and work paper templates? How much non-billable time are you willing to spend developing these tools? Do you want an easy to understand methodology that can easily be taught and passed on to other employees as part of a knowledge transfer and enablement program?
If you are like me, these questions will give you the easy answer of "Yes!". All of the documents provided on the CD ROM are in word format, and the disk also contains a Microsoft Word document viewer and a copy of Open Office. Each form comes with a purpose statement to understand its use, as well as instructions on how to use them. Ramos starts with the general work program and takes the process all the way to the end with management reports. There is also a sample general audit program.
Who Should Read This Book
The purchase of this book should be a no-brainer for internal and external auditors, managers, and consultants doing SarBox work. I add this latter group because there are too many consultants out there who are telling clients things that are not quite accurate. This book should help them provide better services.
really a practical guide.......2005-08-24
this book provides very detailed content for SOX issues. Since the Act itself is quite complicated, so more detailed the better. I think this book really helps.
Book Description
Harvard Business Essentials
Your Guide and Mentor to Doing Business Effectively
Finance for Managers
Calculating and assessing the overall financial health of the business is an important part of any managerial position. From reading and deciphering financial statements, to understanding net present value, to calculating return on investment, this book provides the fundamentals of financial literacy. Easy to use and non-technical, this helpful guide gives managers the smart advice they need to increase their impact on financial planning, budgeting, and forecasting.
Customer Reviews:
Don't buy just for the pedigree.......2006-12-12
I bought this book for the Harvard pedigree when other books offer more practical detail for the target audience. The text concentrates too much on taxation, a subject unto itself, and calculation of the time value of money. In particular the TVM issue focuses on formula versus concept which is not a service to the audience. Overall, I expected more from a Harvard Business Essentials book.
Finance Book Review - Jameson Thottam (formerly with Morgan Stanley, Homestore and IndyMac Bank).......2005-09-10
This is an OKAY book,
My name is Jameson Thottam and as an individual steeped heavily in finance (graduated from UC Berkeley and attending Wharton's MBA and focused on financial services such as such as The Loan Page, IndyMac Bank, Homestore), I would give a qualified recommend on this book to those in finance. There are other books that take provide more details on mathematical programing and simulation software (i.e., Linear programming, Monte Carlo Simulations, CRYSTAL BALL / SEC II / @RISK software packages). Additionally, if you like market insider trading (i.e., technical analysis)...you can do much better.
Hope you enjoy,
Jameson Luke Thottam
(Job History: Battery Ventures/The Loan Page, IndyMac Bank, Homestore, Morgan Stanley Investment Banking, LEK Management Consulting)
Houston, Tx
Good place to start.......2005-09-02
Explains the basics, not so detailed that a novice can't follow it. If you're already a finance manager (as opposed to a manger without a finance background), I suggest something a little more advanced.
Nice Overview- Not so nice coverage.......2004-09-10
I bought this book to rehash some of the necessary and critical financial concepts learnt in school. Objective was to a. Make informed decision with knowledge of some finance terms (like top-line growth) B. Make more familiarity with the standard yet not so frequently used financial tools (like cash flow statement).
The book does reasonably well to fulfill these criterion with and optimal degree of satisfaction. Nice organization, one chapter flows onto next one and examples related to one business entity (fictitious yet realistic) run through. Numerical examples explaining the basic as well as relatively difficult financial concepts are easy to understand and make a good reading.
This trend continues pretty much throughout the book except in few chapters. I would actually point out two chapters where details and flow are not as lucid. The chapters explaining Internal Rate of Return (IRR) and Net Present Value (NPV) (Chapter 9: Time value of Money) and Budgeting process (Chapter 7: Budgeting) lacks the depth even at a conceptual level and does not help the reader to form a clear impression of the topics. I would say it in some cases it presents too less a detail (ex. definition and explanation of IRR) and it some cases it tries to present too much (Budgeting process/type and factors consideration)
Overall a good buy and definitely nice value for money!
Essential, Yes, and for Many, Invaluable.......2003-02-06
This one of the volumes in the new Harvard Business School Essentials Series. Each offers authoritative answers to the most important questions concerning its specific subject. The material in this book is drawn from a variety of sources which include William J. Bruns, Michael J. Roberts, and Robert S. Kaplan as well as Harvard Business School Publishing and Harvard ManageMentor®, an online service. Each volume is indeed "a highly practical resource for readers with all levels of experience" but I think those who have only recently embarked on a business career will derive the greatest benefit.
This volume explains the basic concepts of finance to managers who are not financial managers. As Richard Luecke notes in the Introduction, "Knowing how to finance assets, forecast future cash flows, maintain a budget, determine which operations are profit generators and which are not, and judge the real economic merits of different investment opportunities will help you stay in business and turn a profit." Samuel L. Hayes served as subject advisor to Luecke, writer of this and other books in the Harvard Business School Essentials Series and author or developer of more than 30 other books as well as several dozen articles.
There are ten chapters followed by an Appendix: Activity-Based Budgeting. (More about that material in a moment.) Each chapter is introduced by a list of "Key Topics" to be covered in it. For example, in Chapter 5, the focus is on start-up financing, financing current operations, financing growth, establish a proper match of assets with financing, and typical financing arrangements. Obviously, all of this material may seem basic (if not self-evident) to the experienced financial manager but keep in mind that the material was carefully selected for managers who are not financial managers.
One of the most informative discussions is provided in the Appendix when brief but sufficient attention is given to "Developing Cost Drivers" and more specifically to activity-based budgeting (ABB) and how it differs from activity-based costing (ABC). Less experienced non-financial managers are frequently asked to prepare a report which, more often than not, involves a budget or at least a cost analysis. A basic understanding of ABB and ABC will guide and assist the completion of that task. Whereas ABC starts with the cost of resources, allocates these costs to activities, and then allocates these costs to products and/of services, ABB starts with the planned product or service, estimated sales volume, and mix and comes up with the requisite activities to produce the mix and volume.
Financial managers as well as non-financial managers who supervise other non-financial managers should seriously consider providing copies of this book to those who currently do not understand "how to finance assets, forecast future cash flows, maintain a budget, determine which operations are profit generators and which are not, and judge the real economic merits of different investment opportunities" which will help [their organization] stay in business and turn a profit." Of course, younger executives need not wait for such provision. Published as a paperbound volume and priced attractively, Finance for Managers would be a modest investment for them to make in their own careers.
Book Description
The annual budgeting process is a trap. Pressured by fixed targets and performance incentives, managers focus on making the numbers instead of making a difference, meeting set goals instead of maximizing potential. With their compensation at stake, managers often resort to deceitful-even unethical-behavior. In the end, everybody loses-the employee, the company, and ultimately the customer.
Now, finance experts Jeremy Hope and Robin Fraser reveal the results of an intensive study aimed at fixing the broken budgeting process. They argue that companies must abandon traditional budgeting contracts in favor of a radical new model that links performance measurement to evolving competitive benchmarks-and shifts the firm's focus from controlling employee behavior to delivering customer value.
The Beyond Budgeting model is built on the best practices of companies that have successfully revised their centralized planning and budgeting processes. It combines a leadership vision that devolves more authority to operating managers and a finance vision that enables fast decision making through appropriate tools and accessible information. Through vivid examples, Hope and Fraser illustrate how companies can implement these shared visions-and the long-term benefits that accrue from embracing them.
Offering a compelling case for breaking free from the budgeting trap, this book paves the way toward making organizations better places to work for, invest in, and do business with.
Customer Reviews:
Must read for corporate managers.......2007-08-20
It's time to review some standard practices in all corporations. Most haven't come out of industrial age views on how to manage and run organizations. Today's risk and opportunity environment needs some fresh thoughts and views on how to solve common problems and improve standard processes. This book takes a new approach on one of the most damaging and least critized processes - read it.
How to avoid or escape from "the annual performance trap".......2006-11-17
Given what Hope and Fraser perceive to be an obsolete core management model driven by the annual budgeting process, they offer an alternative to that model. It is based on "the decision-making needs of front-line managers [as well as] a coherent set of alternative processes that support relative targets and rewards, continuous planning, resources on demand, dynamic cross-company coordination, and a rich array of multilevel controls." In Part I, they explain how to break free from the annual "performance trap" and how this trap is sprung whenever managers are pressured to meet fixed targets by fixed dates. They provide an overview of two opportunities to think and act "beyond budgeting." In Part II, they examine the first opportunity and explain how a number of organizations have used beyond budgeting principles to implement more adaptive processes. Then in Part III, they examine the second opportunity and explain how and why abandoning the traditional (and ineffective) budgeting process can help to achieve what they characterize as "radical decentralization." In the last Part, Hope and Fraser examine how and why the adaptive and decentralized organization (as opposed to one with a traditional budgeting process) "meets the vision of business leaders in the 21st century."
Of special interest to me is what Hope and Fraser have to say about the differences between the fixed performance contract (FPC) and the relative improvement contract (RIC). For example, here are two of the six cited:
In terms of targets,
FPC: "Your [sales/profit] target is fixed at [$]"
RIC: "We trust you to maximize your profit potential to continuously improve against the agreed-upon benchmarked KPIs [key performance indicators] and to remain in the top [quartile] of your peer group."
In terms of resources,
FPC: "The agreed resources to support the capital and operating budgets are set out in the attached budget statements."
RIC: "You trust us to provide the resources you need when you need them. We trust you to keep within agreed KPI boundaries."
Note the references to "trust." Hope and Fraser insist (and I wholly agree) that there must be mutual trust between and among everyone involved when making a commitment to beyond budgeting principles. It is important to emphasize that Hope and Fraser did not write this book solely for CFOs. On the contrary, what they propose requires that all senior-level executives in a given organization understand and actively support the beyond budgeting principles. Although CFOs and heads of HR have responsibility for the implementation of strategy, more often than not, they are not centrally involved in the formulation of strategy. That is a serious mistake. Beyond budgeting initiatives will succeed only if a CFO can be trusted to make prudent and effective use of resources provided, and only if she or he trusts the given organization to make sufficient provision of them.
Otherwise....
Excelent real life cases.......2004-07-01
This book does capture the findings from the work of Beyond Budgeting Roundtable in a excellent way. The cases in the book are real and are brilliant proofs of the fact that it is possible to run even a large corporation with out traditional budget models. I'm really looking forward to the follow up.
Good Book on Relatively New Topic.......2003-12-30
As a business consultant with many years experience in budgeting, I found this a very useful overview of a relatively new topic in finance. The authors clearly show the limitations of the traditional budgeting process and present a comprehensive alternative.
However, while the book brings many examples from real companies, many of the ideas still seem a little conceptual and difficult to imagine how they would actually work in practise.
This book will certainly interest anyone seriously involved in budgeting.
Average customer rating:
- Best little Finance Book I have read
- Dr. Levin is the guru of simplifying business concepts
|
Buy Low, Sell High, Collect Early and Pay Late: The Manager's Guide to Financial Survival
D. Levin
Manufacturer: Prentice Hall Trade
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The Executive's Illustrated Primer of Long-Range Planning
ASIN: 0131094394 |
Customer Reviews:
Best little Finance Book I have read.......2007-01-30
I have been involved in finance in the construction industry for over 25 years. Of all of the books I have read on the subject Dr Levin's book is the most straight forward and in many ways the most valuable. He presents the world of finance in a simple common sense sort of way which is down to earth and easy to absorb. "Cash is King" and "Follow the Cash" stick with the basics and avoid the over complications that humans seem to love to add to everything in life. Read his book and you will find the time it takes to be very rewarding. Cheers!
Dr. Levin is the guru of simplifying business concepts.......2002-08-03
I have read this book, plus I had Dr. Levin as a professor in the Kenan-Flagler School of Business at UNC-Chapel Hill. He was a great teacher and his book's style and way of conveying business concepts was equally satisfying. This is not a book for the scholar, rather it is a very good book for those that want a quick, but substantive way to grasp the basics of everyday business. The title also belies Dr. Levin's laid back and easy-going style and sense of humor. He teaches and writes using sometimes folksy, but always perceptive stories and examples of the concepts and points he is trying to convey. If you want to get the basics of how a business operates, how cash flow works and why it is important, why "buying low and selling high" are not only simple concepts but critical guidelines for any business, of any size or scale or complexity . . . then Dr. Levin's book is for you.
Book Description
An essential guide to financial risk management and the best way to ace the GARP FRM(r) Exam
The Financial Risk Management Exam (FRM Exam) is given by the Global Association of Risk Professionals (GARP) annually in November for risk professionals who want to earn FRM certification. Written with the full support of GARP and providing questions and solutions from previous exams, this is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals.
Phillipe Jorion, PhD, MBA (Irvine, CA), is a Professor of Finance at the Graduate School of Management at UC Irvine. The Global Association of Risk Professionals (GARP) oversees the FRM(r) Certification Program and is the leading association for risk professionals, with over 38,000 members worldwide.
Customer Reviews:
A must-have for the FRM exam.......2006-11-03
Jorion's book is indispensable (and, in my experience, sufficient) when preparing for the FRM exam; if you are taking it, think no more. An added bonus is the impressive number of typos and errors to test your knowledge :)
very satisfied.......2006-07-30
good to have a wide range of subjects in one handbook. it seems I don't need the other library for my everyday work
Good enough for what it claims.......2006-05-05
The people who have written reviews primarily have gripes that they didn't pass. They must have thought the book was THE ONLY RESOURCE they would need. I used this book and I did pass the exam. It wasn't the only resource I used though.
The publishers of the book even claim that using only this book will not help you pass the exam. It is an OVERVIEW text. It is a primer to help you delve into the material. This book will not substitute the large amount of qualitative reading and equation memorization that you'll need to do in order to pass.
I give it a 4 mainly because the book does what it claims and because some of the more negative reviews are too far-fetched. Remember to buy the version that applies to your test year.
I Wish I Hadn't.......2006-03-30
This book cost me the FRM last year. I made it the center of my study program. The book's writing is atrocious; there are gaps in what is covered; and there are many errors and misstatements. I wasted six weeks struggling with this book. When I finally realized my mistake, it was too late to rescue my study program, and I failed the exam. I am very disillusioned with Jorion and GARP. This shoddy, overpriced paperback makes me think they are in it just for the money. This year, I have signed up for the CFA exam instead. So far, I have been very impressed with their study materials.
Pro?! Huh?.......2006-01-08
Not detail in explaining concepts
Too few numerical examples
Content far too simple to be a desktop ref. in the dealing rm.
Poor editing and formatting
90% similar to the earlier edition.
Book Description
A fully revised guidebook on the basics of accounting-- updated to cover an increasingly complex financial arena
In the wake of recent accounting scandals, most managers now realize they need to know more about the inner workings of finance. Many, however, don't know where they will find the time. The McGraw-Hill 36-Hour Course in Finance for Non-Financial Managers is designed to give readers a working mastery of all finance essentials in just 36 hours and has now been updated to help readers understand the substantial regulatory and practical changes that have taken place in the new world of business accounting. This hands-on workbook delivers its information in accessible and reader-friendly style, including self-study questions and case studies for each chapter. Information new to this edition includes:
- Key updates to generally accepted accounting principles (GAAP)
- Sections detailing what auditing is and what auditors do
- Entirely new sections on pro forma financial statements, stock options as an expense, and more
Customer Reviews:
Good practical book.......2007-07-08
The best of this book is how accounting and management are described. Very practical and useful.
The author send you the certificate as promised.
36 hours?.......2007-05-02
Business Basics Bestseller 1: The Easy, Interesting, Open-book Look at the Game of Business Numbers! 2nd Edition
If the prospect of spending 36 hours going over finance and accounting stuff in the privacy of your own home doesn't excite you, but you still want to get into F&A, consider this option -- "Business Basics Bestseller 1."
This gem of a book, at less than 150 pages (with sketches!), can give you a basic start on understanding business and its numerical underpinnings -- F&A. You'll find that BBB#1 is clear, concise, and easy to understand and you can finish each chapter in 30 - 60 minutes (there are six chapters). The author doesn't assume you know anything more about business than what you would if you opened checking and savings accounts and owned a car. The book is not simplistic, just straightforward. Don't consider the BBB #1 book a replacement for 36 good hours with McGraw Hill, just take a look at it first -- you can always buy both.
Great book, worthless on-line exam close to fraud.......2007-04-11
The book is great, and a big thank you to the writers. When it came to the on-line exam and certification, I am still strugeling with the Mc-graw hill support. After sending them two emails I finaly got to the exam on the internet: [...].
BUT, after I finished the exam, they basicly just said thank you and good bye. What I wanted when I passed the test with 90% was a form where I could enter my adress so they could send me the certificate, but no no. Two emails later, I havent heard a word from them yet. Mc-graw hill - this sux and if feels like you are close to commiting fraud when it is so difficult to first find the exam and impossible and close to impossible to get the certificate. This was not what I expected when I saw "Earn certificate of achievement through the free on-line examination" on the book cover. Without this trubble, the book would easily get five stars.
A good start.......2006-11-16
Very helpful for the student thinking of pursuing a degree in finance. If you have no finance or business experience, this is a good place to start.
Not as bad as a root canal.......2006-08-31
I'm not a finance person nor do I plan to be one in the future. Will working in sales for the past 10 years I have become more aware of what I don't know and finance is surely one of those areas. This book covers the basic's of the financial world without putting you into a comma. The homework at the end of each chapter gets to be a bit of a pain since I was looking for the "concept" not trying to become an accountant. The best part of the book is it starts basic and builds off of that throughout the book which helped me understand some of the more complex financial terms. Good book for someone trying to get up to speed quick.
Book Description
This book has two significant advantages relative to other books and software on the topic of valuation. First, the expository approach of the authors is very user-friendly, with a pedagogy designed to build confidence. They begin with a very simple, but complete example in the first couple of chapters that takes the reader through the valuation of a company. They repeat the analysis for a slightly more complicated company in chapters 3-4. A repeat of the analysis is then completed in chapters 5-8 for an even more complicated company. This iterative approach allows the reader to absorb “digestible” amounts of material before moving on to the next level of complication. The second pedagogic advantage is the structure of their spreadsheet valuation model. They show the reader how to get real world data, and how to cut-and-paste it into their spreadsheet. The spreadsheet simplifies the complex accounting found in most actual companies' financial statements and condenses it into a simplified set of standardized financial statements. This allows the user to concentrate on the fundamental economic forces that underlie a company's value.
Book Description
Financial reports speak their own language, and managers without a strong finance background often find themselves bewildered by what is being said.
Finance for NonFinancial Managers helps managers become familiar with essential financial information, showing them how to "speak the language of numbers" and implement financial data in their daily business decisions.
In addition, it clarifies how and why financial decisions impact business and operational objectives.
Customer Reviews:
Looking for a basic book before tackling this one?.......2007-05-02
Business Basics Bestseller 1: The Easy, Interesting, Open-book Look at the Game of Business Numbers! 2nd Edition
If you never had this F&A stuff explained to you before, you will like "Business Basics Bestseller 1" as a starting point. This is not a suggestion that you substitute it for this book, just that you check it out as well. The BBB #1 book was written by a guy who is not an accountant -- imagine what that can do for cutting through the jargon accountants love without even knowing it.
BBB #1 will introduce you to the basics of business including the terms behind the numbers and where all the formulas come from before you plow into a true "finance and accounting" text. Search for "Business Basics Bestseller 1" and add it to your consideration. It can be one of your best investments. At less than 150 pages, you can zip through it.
Quick Access to Foundational Information.......2007-03-08
This book provides a solid overview of the basic information required to understand Finance. It is a great read for the person new to Finance and it is also a great refresher to those who might have had Finance classes and maybe even courses years ago. What is great about this book is that you have a few chapters devoted to each segment of Finance.
A very good book that is easy to read and understand. Consider this book if you are looking to better understand that which is called "Finance".
Finance for Non-Financial Managers.......2006-07-26
Gene Siciliano has written an easy-to-read (conversational), easy-to-understand yet comprehensive review of everything from why to have financial statements in the first place and the part played by financial reporting both within and without a company to the meaning of the financial reports themselves and finally to how to plan and finance your company. Highly recommend the book. A good review for experienced managers and a must-read for those who want to know more about finance and the financial management of all sized companies.
Clear, Concise & Useful.......2006-05-15
As a banker, I sit down with a lot of business owners who just don't understand the financial dynamics of their business. If they only took the time to read this clear, concise and useful book, they would be so further ahead of the game, and more likely to get the financing they need. It's a must read for any business owner, or business professional who feels they need to increase their knowledge of finance. Great Job!
Practical, Motivational, Darn near entertaining........2006-02-25
I consider myself a manager who knows my business. I am very good at what I do, but I have been predominantly ignorant in issues of finance. I did not even know how this affected me. I knew I wanted to understand the mysteries of finance, but I had bounced of a half-dozen other books on finance, including the portable MBA in Finance.
Finance for Non-Financial Managers is different. The book delivered what I needed to know in a text that I could read in a couple of evenings. Gene Siciliano has an energy for issues of finance. He presents examples of financial tools and metrics being used to diagnose and fix business problems. He kept my interest and motivated me to learn more.
This book is well targeted to it's audience. So if you are a "non-financial manager", who has limited time and no inborn passion for bean counting, I can highly recommend this book. It will succinctly present what you need to know and will take the extra step of letting you know how it applies to your success.
Book Description
Praise for Financial Analysis Tools and Techniques:
"Bona fide treasury for executives, managers, entrepreneurs. Have long used this great work in corporate & university programs. Uniquely makes the arcane clear."Allen B. Barnes, Provost, IBM Advanced Business Institute
"A candidate for every consultant-to-management's bookshelf. Its beauty lies in the dynamic model of the business system and its management decision framework."Stanley Press CMC, Book review in C2M Consulting to Management Journal
"Goes a long way to remove the mystery from business finance. Approach allows managers from all areas to understand how their decisions impact shareholder value."Stephen E. Frank, Chairman and Chief Executive Officer, Southern California Edison
"Helfert has rare ability to make financial concepts understandable to those lacking financial background. His finance seminars exceeded our high expectations."L. Pendleton Siegel, Chairman and Chief Executive Officer, Potlatch Corporation
"Commend the clarity, organization and currency of contents. There is no other book available that does the task in such an understandable and accessible way."Dr. Thomas F. Hawk, Frostburg State University
"Helfert's excellent overviews and simplified models effectively broadened our managers' understanding of their fiscal responsibility to HP and our shareholders."Robert P. Wayman, Executive Vice President, Chief Financial Officer, Hewlett-Packard Company
"The book has become a classic, and Helfert has been of substantial help to my company in teaching our people how to think about the numbers which drive it."Robert J. Saldich, President and Chief Executive Officer, Raychem Corporation
"Helfert has contributed to the development of financial skills of TRW managers through his book, case studies and presentations, and highly rated instruction."Peter S. Hellman, President and Chief Operating Officer, TRW Inc.
"Helfert has the ability to make financial concepts understandable, and his credibility and content added significantly to the success of our educational effort."Giulio Agostini, Senior Vice President Finance, and Office Administration, 3M Corporation
"Helfert's writing and teaching have become a mainstay for us, and his business and strategic sense have been recognized as valuable guides to our process."William H. Clover, Ph.D., Manager of Training, and AMOCO Learning Center
Concepts and tools for making sound business decisions
Financial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals. This practical, hands-on guide provides a new introductory chapter that gives context to today's valuation turmoil and helps professionals understand the economic drivers of a business and the importance of cash flow.
The book's overriding theme is that any business should be viewed as a dynamic, integrated system of cash flowsone that can be activated and managed by investment decisions. Topics, discussed in clear, comprehensive, and easy-to-understand detail, include:
- Increasing shareholder value through value-based management (VBM)
- Interpreting pro forma financial statements
Download Description
Financial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals.
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