|Course Title:||Finance and Accounting for Nonfinancial Managers, Second Edition|
|Author:||Eliot H. Sherman|
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Finance and accounting are the universal languages of business. Whether you’re a brand-new supervisor or a seasoned professional, you won’t go far without having a command of key financial concepts. Think of this broad-based course as your personal, one-on-one tutor. Revised and updated throughout and featuring a new chapter on corporate governance, Finance and Accounting for Nonfinancial Managers, Second Edition, is written expressly for nonspecialists like you. This fundamental course clearly explains how to understand financial and operational measures, prepare and utilize budgets, respond to inquiries about the dollars-and-cents consequences of actions taken by you or your department and speak the jargon of finance with fluency and ease.
By relating financial management actions to everyday business tasks, the author sets the tone for painless learning. Step-by-step exercises and interactive examples will show you how to put the standard techniques of financial analysis to work immediately. This course encourages you to draw on personal experience to strengthen your comprehension of new material. Upon completion, you’ll be comfortable discussing financial concepts and data with your managers, accounting staff, CPAs and other financial professionals. And you’ll be helping to run a tighter financial ship—always a plus in your own career development.
New in this edition:
Learn how to:
Learn key financial concepts and relate them to the financial management actions necessary for the nonfinancial manager.
About This Course:
As one course among many offered in the American Management Association’s Self-Study curriculum, Finance and Accounting for Nonfinancial Managers, Second Edition, introduces the reader to financial terminology, relates financial measures to operating information, and enables the student to understand and apply financial measures to operating performance. Today’s managers, whether supervisors or senior executives, are expected to understand and use financial and operational measures, prepare and utilize budgets, respond to inquiries about the financial consequences of actions taken by them or by their department or team, and understand and use financial and accounting terminology—the common language of business measurement. Written in a conversational, easy-to-understand tone, the course treats finance and accounting from the perspective of users of financial information—it enhances their ability to communicate effectively with subordinates, other managers, senior executives, and accounting and finance professionals. It offers managers the ability to use and analyze financial information to improve the performance of their operations and to identify—and avoid—potential problems.
The second edition features a new chapter, “Corporate Governance,” which examines and analyzes recent financial scandals, outlines the key points of the Sarbanes-Oxley Act of 2002, and explains the role of the auditor and the SEC. This edition has been updated throughout to provide managers with the most current and complete information available.
Eliot H. Sherman, CPA, has more than twenty-five years of financial management experience. He is currently a full-time Lecturer in the Finance and Insurance Department of Northeastern University’s College of Business Administration. He is also a part-time Professor of Finance at the Hult International Business School and an h Adjunct Professor at Brandeis University and at Suffolk University. He also serves as a Discussion Leader for the American Institute of Certified Public Accountants and as an Instructor for EMC Corporation. Prior to becoming a full-time educator, Mr. Sherman served as te Chief Financial Officer, Treasurer, and Director of a number of different corporations in manufacturing and service industries and as Partner and Chief Financial Officer of Venture Builders, an advisory firm dedicated to helping entrepreneurs build successful businesses. Earlier in his career, he was principal of his own consulting firm providing strategic and operational planning assistance and financial management guidance to smaller, growing businesses. During his career, he has worked for businesses from the very small to the Fortune 50, from private to publicly held, from domestic to multinational to foreign-owned. He currently serves as a director or advisor to several corporations and not-for-profit organizations in the Boston area.
Mr. Sherman was educated at Harvard College and earned masters degrees from The Amos Tuck School and Bentley College. He teaches regularly for several state societies of CPAs and for the American Institute of Certified Public Accountants, a major developer of professional education courses marketed to state CPA societies and other national organizations, and for a number of corporations in the Boston area. He has authored several financial management training programs offered through several different training organizations throughout the country.
The publisher would like to thank David Filipek, CPA, Associate Professor, Rhode Island College, Providence, Rhode Island, for his review of the manuscript of this course.