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Finance and Accounting for Nonfinancial Managers: All the Basics You Need to Know
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About the Author
William G. Droms is the John Powers Jr. Professor of Finance at the McDonough School of Business, Georgetown University. An internationally recognized corporate finance and investment management consultant, he has designed and delivered executive development programs to thousands of managers in a wide variety of trade and professional associations, corporations, and financial institutions.Jay O. Wright is an adjunct professor of finance at the McDonough School of Business, Georgetown University. After earning a JD from the University of Chicago, he worked on Wall Street as both a mergers and acquisitions attorney and investment banker. For the last decade, he has been an entrepreneur, founding and leading companies in the technology, telecommunications, software, real estate, and education industries while serving on a number of corporate and charitable boards.
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Product details
Paperback: 336 pages
Publisher: Basic Books; 7th ed. edition (June 2, 2015)
Language: English
ISBN-10: 0465078982
ISBN-13: 978-0465078981
Product Dimensions:
6.1 x 0.9 x 9.2 inches
Shipping Weight: 14.9 ounces (View shipping rates and policies)
Average Customer Review:
4.0 out of 5 stars
18 customer reviews
Amazon Best Sellers Rank:
#241,960 in Books (See Top 100 in Books)
It's not fair to judge a book by its content if one doesn't like the topic.That said, its written in clear language and offers a broadbrush overview of basic finance. I think it spends a bit too much time on stocks and other financial instruments for an actual businessperson -- I mean, who of us actually buys or sells these things for our company?The best part was the description of the financial ratios. These you'll use everyday and I'll keep the book after the class is done for this reason.
A bit too much on the accounting nuts and bolts and not enough on running the numbers for a business.
For a subject that, at it's core, requires math and formulas, I was surprised to see that this book comes in more of a novel format. While that's fine for actual novels, it makes learning equations and tables far more difficult than if it were laid out in a textbook format. It's difficult to follow the application of a described concept when it's put in to use in a table with little to no supporting equations or explanations. While the second half of the book does include more detail on the computations and formulas, the first half is essentially void of them. There is also no use whatsoever of spreadsheet tools or functions, which is how all financials are recorded today (and have been for the past several decades).
But my instructor was really shoddy.I read this book twice, but some things just didn't click.And he was terrible at the whole 'teaching' thing. He said "most students fail their first time and then have to retake it, and end up doing well."Right. Whatever, maybe I just suck at business, but I consider myself pretty smart.This book definitely needs to be coupled with a competent professor.
thanks
I’m giving 4 starts because the package was damaged. The book shows some signs of wear on the cover but overall seems perfect. Thanks !
The book effectively presents an introduction to financing accounting. It offers a very practical approach and includes sufficient depth to be able to converse intelligently with any accountant, or manage a small company.
I purchased this book for a class that I am taking at Portland State University. So far the book seems very informative.
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