Finance sense: an easy guide for non-finance executives
- 2nd ed.
- New Delhi Tata McGraw-Hill 2000
- 481 p.
The book is divided into five parts which cover key areas of finance and accounting. A brief description of these parts is given below:
• Part One provides a firm grounding in financial statements (balance sheet and profit and loss statement), financial accounting, and financial statement analysis.
• Part Two presents the key concepts, tools, and systems of cost and management accounting like product costing methods, standard costing, activity based costing, budgeting, break-even analysis, and differential analysis.
• Part Three focuses on strategic issues like capital budgeting and long-term financing which have a significant bearing on the performance of a firm in the long-run.
• Part Four covers the vital area of working capital management, wherein almost all executives participate in some way or the other on a continual basis. The topics discussed here are cash and liquidity management, receivables (debtors) management, inventory management, and working capital financing.
• Part Five explores certain special topics and contemporary issues like strategic planning and management control, international finance, financial services, and corporate restructuring.