Even Einstein might have had a hard time making sense of the numbers that come out of the typical accounting department. These critical financial figures of a business should be presented in rational, decision–friendly accounting reports to managers. Unfortunately, accounting reports generally fall short of this mark. That′s why managers rely on John Tracy and The Fast Forward MBA in Finance to help them understand all the accounting and financial information so critical to making sound business decisions.
In this robust update of the popular first edition, Tracy explores the natural starting point for managers–the financial statements–and reveals the essential meaning of each. The financial statement framework is then expanded and modified for the decision–making functions of business managers. Practical examples illustrate how to use management models for analyzing profit, cash flow, and capital investment, all of which are clearly explained with a tight focus on the information needs of individual managers.
The Fast Forward MBA–– the compact business companion you′ll use every day!
∗ Keep up with the newest ideas in business
∗ Brush up on the basics you can′t do without
∗ Find direct, practical answers to complicated problems
PART 1: FINANCIAL REPORTING OUTSIDE AND INSIDE A BUSINESS
CHAPTER 1–GETTING DOWN TO BUSINESS
CHAPTER 2–INTRODUCING FINANCIAL STATEMENTS
CHAPTER 3–REPORTING PROFIT TO MANAGERS
CHAPTER 4–INTERPRETING FINANCIAL STATEMENTS
PART 2: ASSETS AND SOURCES OF CAPITAL
CHAPTER 5–BUILDING A BALANCE SHEET
CHAPTER 6–BUSINESS CAPITAL SOURCES
CHAPTER 7–CAPITAL NEEDS OF GROWTH
PART 3: PROFIT AND CASH FLOW ANALYSIS
CHAPTER 8–BREAKING EVEN AND MAKING PROFIT
CHAPTER 9–SALES VOLUME CHANGES
CHAPTER 10–SALES PRICE AND COST CHANGES
CHAPTER 11–PRICE/VOLUME TRADE–OFFS
CHAPTER 12–COST/VOLUME TRADE–OFFS AND SURVIVAL ANALYSIS
CHAPTER 13–PROFIT GUSHES: CASH FLOW TRICKLES?
PART 4: CAPITAL INVESTMENT ANALYSIS
CHAPTER 14–DETERMINING INVESTMENT RETURNS NEEDED
CHAPTER 15–DISCOUNTING INVESTMENT RETURNS EXPECTED
PART 5: END TOPICS
CHAPTER 16–SERVICE BUSINESSES
CHAPTER 17–MANAGEMENT CONTROL
CHAPTER 18–MANUFACTURING ACCOUNTING
APPENDIX A: GLOSSARY FOR MANAGERS
APPENDIX B: TOPICAL GUIDE TO FIGURES