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Financial Literacy for Managers: Finance and Accounting for Better Decision-Making - Paperback | Diverse Reads

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

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The language of business

In order to understand how your business is performing right now and to evaluate, assess, and devise new strategies to boost future performance, you need information. Financial statements are a critical source of the information you need.

In direct and simple terms, Richard A. Lambert, Miller-Sherrerd Professor of Accounting at the Wharton School of the Universityof Pennsylvania, demystifies financial statements and concepts and shows you how you can apply this information to make better business decisions for long-term profit. You will learn to use and interpret financial data; find out what we can learn from Pepsi, Krispy Kreme, General Motors, and other companies; learn how to evaluate investment strategies; and apply your financial know-how to develop a coherent business strategy.

ISBN-13: 9781613630181

Media Type: Paperback

Publisher: University of Pennsylvania Press - Inc.

Publication Date: 05-15-2012

Pages: 172

Product Dimensions: 5.50(w) x 8.40(h) x 0.70(d)

Series: Wharton Executive Essentials

Richard A. Lambert is Miller-Sherrerd Professor of Accounting at the Wharton School of the Universityof 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