Financial Literacy for Managers: Finance and Accounting for Better Decision-Making

Financial Literacy for Managers: Finance and Accounting for Better Decision-Making

by Richard A. Lambert

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Product Details

ISBN-13: 9781613630181
Publisher: Wharton Digital Press
Publication date: 05/15/2012
Series: Wharton Executive Essentials
Edition description: Second Edition
Pages: 176
Sales rank: 556,090
Product dimensions: 5.50(w) x 8.40(h) x 0.70(d)

About the Author

Richard A. Lambert is Miller-Sherrerd Professor of Accounting at the Wharton School of the University of Pennsylvania, where he teaches finance and accounting in the MBA and Executive Education programs, as well as seminars in the doctoral program. The recipient of several teaching awards, his articles have appeared in The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Rand Journal of Economics, and Strategic Management Journal.

Table of Contents

Introduction 7

Chapter 1 Your Company's Financial Health: What Financial Statements Can Tell You 15

Chapter 2 Impacting the Scorecard: How and When Actions and Events Affect the Numbers 35

Chapter 3 Using the Income Statement: Revenues, Expenses, and Profits 55

Chapter 4 Utilizing and Financing Your Assets: ROA, ROE, and Leverage 77

Chapter 5 Using Cost Information: Know How Your Costs Behave 101

Chapter 6 Evaluating Investment Opportunities: Discounted Cash Flow Analysis 117

Conclusion 145

Acknowledgments 149

Appendix: More on the Cash Flow Statement: The Indirect Method 151

Endnotes 155

Index 163

About the Author 169

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