Explains the essential concepts of finance--budgeting, forecasting, and planning--to managers who are not financial managers. "Understanding Finance" contains relevant information on how to: understand what the three basic financial statements and ratio analysis tell about a company's financial health; develop and track a budget; and assess an investment opportunity.
I like how short and to the point this book is. It will not make anyone a financial expert, but it is perfect for busy managers who are looking to understand finance. This book teaches readers how to read income statements, balance sheets, and cash flow statements. Then these statements can be used to assess the health of companies by using various ratios for profitability, liquidity, and leverage. Many other financial books go overboard with these ratios. But, in reality, it doesn't take calculus to figure out when a company is profitable. The simpler, the better and that's what this book is about. - Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
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