The Essentials of Finance and Accounting for Nonfinancial Managers

Book content is very good. Paper quality is very poor though. Good buy

Well written, great book for any BBA or MBA graduates to understand and refresh key topics learned while in business school. A lot of accounting professors are not great at teaching why things are the way they are on financial statements, however, this book helps explain concepts so they make sense and therefore are easy to retain. Wish I had read this book before my core financial accounting class in business school.

Don’t remember this

Purchased because I get tired of printing the class reading and paying for ink every month. I started reading to complete my assignments, however this is going to be a reference book for me. It is so easy to understand what the author is explaining on the examples. I have actually read half of the book now, just because if goes quick and I am interested in learning the subject matter.

I was excited to read the book based on the relatively good reviews. I scanned the different sections to understand the general approach. I have to say I came to a stop when I looked at the income statement. I was immediately taken aback by the author apparently not including depreciation in cost of goods sold, but rather showing all depreciation as a line item below gross profit.Products generally depend on machinery and equipment in the manufacturing process. The M&E generates depreciation that becomes part of the product cost. So of course, depreciation factors into gross profit.Depreciation also will be part of different categories of expense, whether selling, general or product development. It is not generally isolated as a line item in a profit & loss (P&L) statement. It is a component of cost and most expense line items.Perhaps the author did this to simplify the discussion for later, when he tries to show the linkage between profit and cash flow, for example. But unfortunately it oversimplifies and will confuse managers as they review real statements.

This book is great to get your feet wet in finance and accounting. It breaks down the financial state,ents and takes it a step further by breaking down key concepts of accounting. I recommend this to anyone that needs a high level understanding of financials.

As someone who understands a lot in finance, "The Essentials of Finance and Accounting for Nonfinancial Managers" isn't really targeted for me. I wanted it to serve as a strong refresher and to update myself. I can see this book being extremely helpful to many managers.

using this as a tool for my non-finance managers to explain some concepts. Easy to understand and a breeze!