The Portable MBA in Finance and Accounting

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Overview

The latest volume in the bestselling series

In today's business environment, a knowledge of finance and skills in budgeting and financial planning are more important than ever before. Totally updated and revised, this highly anticipated Third Edition provides new information on five such key topics as interpreting financial statements; information technology in finance; planning capital expenditures; information technology and your firm; business valuation, and much more. Top experts in each field explain the basics of cost-volume analysis, forecasts, and budgets, and reveal how to create a winning business plan. Ideal ...

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Overview

The latest volume in the bestselling series

In today's business environment, a knowledge of finance and skills in budgeting and financial planning are more important than ever before. Totally updated and revised, this highly anticipated Third Edition provides new information on five such key topics as interpreting financial statements; information technology in finance; planning capital expenditures; information technology and your firm; business valuation, and much more. Top experts in each field explain the basics of cost-volume analysis, forecasts, and budgets, and reveal how to create a winning business plan. Ideal reading for any manager or executive who needs a "refresher course" in finance.

Les Livingstone, PhD, MBA, CPA (West Palm Beach, FL), runs a national consulting firm which specializes in complex business research and expert testimony in large commercial lawsuits. He was chairman of the Division of Accounting and Law at Babson College.

Theodore Grossman (Wellesley, MA) is a senior member of the faculty of Babson College with an appointment in information technology and accounting.

This book, taking a practical and real-world approach, is for every manager and business professional who wants to know what the numbers mean. No background in finance and accounting is required. "Covers all the essentials from break-even analysis to taking your company public. . .full of up-to-date financial and managerial information."--Entrepreneur Magazine.

Editorial Reviews

Entrepeneur
Straight from the second-year business school courses, the book is full of up-to-date financial and managerial information that will help transform your company from start-up to blue-chip.— Entrepeneur
From Barnes & Noble
Deal with finance and accounting experts on their own turf using their own jargon! This practical reference provides full coverage of finance and accounting topics--from business plans to financial statements--and includes new chapters on computers and information technology. An outstanding team of leading professors from top business schools like Harvard and the University of Washington gives you a crash course on budgeting, forecasting, product pricing, and more.

Product Details

  • ISBN-13: 9780471061854
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 11/28/2001
  • Edition description: REV
  • Edition number: 3
  • Pages: 672
  • Sales rank: 929,554
  • Series: Portable MBA Series
  • Product dimensions: 6.96 (w) x 10.60 (h) x 1.89 (d)

Read an Excerpt

http://catalogimages.wiley.com/images/db/pdf/H0471061859.01.pdf

Table of Contents

Preface
Acknowledgments
Pt. 1 Understanding the Numbers 1
1 Using Financial Statements 3
2 Analyzing Business Earnings 35
3 Cost-Volume-Profit Analysis 102
4 Activity-Based Costing 126
5 Information Technology and You 149
6 Forecasts and Budgets 173
7 Measuring Productivity 199
Pt. 2 Planning and Forecasting 223
8 Choosing a Business Form 225
9 The Business Plan 260
10 Planning Capital Expenditure 291
11 Taxes and Business Decisions 314
12 Global Finance 353
13 Financial Management of Risks 423
Pt. 3 Making Key Strategic Decisions 457
14 Going Public 459
15 The Board of Directors 510
16 Information Technology and the Firm 536
17 Profitable Growth by Acquisition 561
18 Business Valuation 593
Glossary 626
About the Authors 643
Index 649

Foreward

Preface

Do you know how to accomplish these important business tasks?

  • Understand financial statements.
  • Measure liquidity of a business.
  • Analyze business profitability.
  • Differentiate between regular income and extraordinary items.
  • Predict future bankruptcy for an enterprise.
  • Prepare a budget.
  • Do a break-even analysis.
  • Measure productivity.
  • Figure out return on investment.
  • Compute the cost of capital.
  • Put together a business plan.
  • Legitimately minimize income taxes payable by you or your business.
  • Decide whether your business should be a limited partnership, a C or S corporation, or some other type of entity.
  • Take your company public.
  • Manage foreign currency exposure.
  • Evaluate a merger or acquisition target.
  • Serve as a director of a corporation.
  • Build a successful e-business.
  • Understand and use financial derivatives.
  • Use information technology for competitive advantage.
  • Value a business.

These are some of the key topics explained in this book. It is a book designed to help you learn the basics in finance and accounting, without incurring the considerable time and expense of a formal MBA program.

The first edition of this book was published in 1992, and the second edition in 1997. Both editions, hardback and paperback, have been highly successful and have sold many, many copies. In addition, the book has been translated into Chinese (Cantonese and Mandarin), French, Indonesian, Portuguese, and Spanish. We are delighted that so many readers in various countries have found this book useful. Now, the entire book has been updated for the third edition. The following new chapters have been added:

  • Chapter 1: Using Financial Statements
  • Chapter 3: Cost-Volume-Profit Analysis
  • Chapter 5: Information Technology and You
  • Chapter 6: Forecasts and Budgets
  • Chapter 9: The Business Plan
  • Chapter 10: Planning Capital Expenditure
  • Chapter 17: Profitable Growth by Acquisition
  • Chapter 18: Business Valuation

Also, there are eight new authors, substantial revisions of four chapters and complete updates of all remaining chapters. The book consists of valuable, practical how-to-do-it information, applicable to an entire range of businesses, from the smallest startup to the largest corporations in the world. Each chapter of the book has been written by an outstanding expert in the subject matter of that particular chapter. Some of these experts are full-time practitioners in the real world, and others are part-time consultants who also serve as business school professors. Most of these professors are on the faculty of Babson College, which is famous for its major contributions to the field of entrepreneurship and which, year after year, is at the top of the annual list of leading independent business schools compiled by U.S. News and World Report.

This book can be read, and reread, with a great deal of profit. Also, it can be kept handy on a nearby shelf in order to pull it down and look up answers to questions as they occur. Further, this book will help you to work with finance and accounting professionals on their own turf and in their own jargon. You will know what questions to ask, and you will better understand the answers you receive without being confused or intimidated.

Who can benefit from this book? Many different people, such as:

  • Managers wishing to improve their business skills.
  • Engineers, chemists, scientists and other technical specialists preparing to take on increased management responsibilities.
  • People already operating their own businesses, or thinking of doing so.
  • Business people in nonfinancial positions who want to be better versed in financial matters.
  • BBA or MBA alumni who want a refresher in finance and accounting.
  • People in many walks of life who need to understand more about financial matters.

Whether you are in one, some, or even none of the above categories, you will find much of value to you in this book, and the book is reader friendly. Frankly, most finance and accounting books are technically complex, boringly detailed, or just plain dull. This book emphasizes clarity to nonfinancial readers, using many helpful examples and a bright, interesting style of writing. Learn, and enjoy!

JOHN LESLIE LIVINGSTONE
THEODORE GROSSMAN

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Sort by: Showing 1 Customer Review
  • Anonymous

    Posted August 15, 2003

    Great Review of Financial Techniques

    This book is a great review of financical techniques taught in American graduate schools. I liked the condensation of finanacial analysis techniques in one book that summarized an MBA program at Harvard. An MBA advisor without going to college again and saving big money. What a deal!

    0 out of 1 people found this review helpful.

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