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In this text, Fields, a consultant on strategic and financial issues and teacher of the American Management Association's course Fundamentals of Finance and Accounting for Nonfinancial Managers, draws on that course to detail the essential concepts of finance and accounting for nonfinancial managers. He explains what accountants do, not how to do accounting; emphasizes business issues rather than math; includes a chapter on how to read an annual report; includes information on how the finance department contributes to profitability and performance; and provides examples. He discusses each of the financial statements and its components, including the balance sheet, income statement, and statement of cash flows; analyses of financial statements to measure the performance of a company, its strategic business units, and its individual products; financial analysis techniques used to make decisions; and additional financial information related to financing the business, business planning, and budgets. This edition has been revised to include information on recent federal accounting regulations, updates to generally accepted accounting principles, global trends that can impact an organization's finances, expanded case studies, and new practice exercises. Annotation ©2016 Ringgold, Inc., Portland, OR (protoview.com)
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EDWARD FIELDS has taught a popular AMA course on finance and accounting fundamentals for decades and consults with many multinational corporations on strategic and financial issues.
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