http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
1 online resource (368 pages) : illustrations.
This fully revised and updated third edition of The McGraw-Hill 36-Hour Course: Finance for Nonfinancial Managers provides a firm grasp on what all the numbers really mean. Designed to let you learn at your own pace, it walks you through. -The essential concepts of finance, so you can ask intelligent questions and understand the answers. -Vital Statements and reports, with sections on pro forma financial statements and expensing of stock options. -The auditing process-what is measured, how it's measured, and how your can help ensure accuracy and completeness. With chapter-ending quizzes and an online final exam, The McGraw-Hill 36-Hour Course: Finance for Nonfinancial Managers serves as a virtual professor, providing the curriculum you need to crunch the numbers like a pro!
Preface xiii -- 1. Numbers, Numbers, Numbers: The Why and the How -- Statistics and Numbers That Confound Us -- Scores: Numbers We Enjoy -- Simplicity Makes It Easier -- Going into Business (Our Novel) -- Basic Concept (Cash Accounting and Accrual Accounting) -- Report Version -- Report Version -- When to Use and Not Use Cash Accounting -- A Few Basic Terms -- Financial Statements and Reports -- Generally Accepted Accounting Principles (GAAP) -- A Move to Replace GAAP with International Accounting -- Who Makes the Rules? Who Defines GAAP? -- Summary -- Review Questions -- Case Study Question -- 2. Keeping Score: Sales -- What Is a Sale? -- Types of Sales -- Cash Sale -- Credit Sale (Sale on Account) -- Consignment (Sale?) -- Secured Sale -- Floor Plan Sale -- Sale of Services -- Long-Term Contracts -- Reduction of Sales -- Bad Debts -- Sales Returns -- Sales Allowances -- Warranties -- Cash Discounts (Also Called Sales Discounts) -- Reports -- How to Fudge the Sales Figures -- Summary -- Review Questions -- Case Study Question -- 3. Keeping Score: Cost of Sales -- Cost of Goods Sold -- Inventory -- Inventory Value (FIFO/LIFO) -- Inventory Value (Average Cost) -- Lower of Cost or Market -- Freight on Purchases -- Discounts on Goods Purchased -- Trade Discount -- Volume Discount -- Purchase Discount -- Cost of Services -- How to Fake a Reduction in Cost of Goods Sold -- Summary -- Review Questions -- Case Study Question -- 4. Keeping Score: Expenses -- Expenses: What Are They? How Are They Reported? -- Expense Classification, in General -- Alphabetical or Size Order -- Detailed, by Department or Division -- Fine-Tuning a Departmentalized Report -- Controllable and Uncontrollable Expenses -- Summary Reports (Just the Essentials) -- Variable and Fixed Expenses, Breakeven Point -- Contribution Margin -- Direct and Indirect Expenses -- Summary -- Review Questions -- Case Study Question -- 5. Equipment and Other Things That Will Be Around for Years -- Depreciation: How Much Does It -- Cost to Have the Stuff Around? -- Which Way to Compute Depreciation? -- Straight-Line Depreciation -- 200 Percent (or Double) Declining Balance Depreciation -- 150 Percent Declining Balance Depreciation -- Other Declining Balance Methods -- Sum-of-the-Years Digit Method -- Units of Production Depreciation -- Group Depreciation -- Tax Depreciation vs. Financial Depreciation -- Small Bits and Pieces of Equipment -- Reserve for Depreciation -- When the Equipment Is Sold, Lost, Junked, or Stolen -- Trade-Ins -- Repair or Refurbishment of Equipment -- Intangibles (Profit-Making Things That Aren?t There) -- Summary -- Review Questions -- Case Study Question -- 6. Buying, Leasing, or Doing Without -- Justifying the Purchase of Equipment -- Payback Method -- Time Value of Money -- Time Value of Money Computations -- Present Value Method of Evaluating -- Investment in Equipment -- Internal Rate of Return -- Repair or Replace -- Leasing: Painless (?) Purchasing -- A Word on Income Tax Lease Rules -- A Budgeting Communication Problem -- Summary -- Review Questions -- Case Study Question -- 7. The Balance Sheet -- What?s a Balance Sheet? What Does It Mean? -- Assets -- Cash -- Accounts Receivable -- Inventory -- Prepaid Expenses -- Property and Equipment -- Intangible Assets -- Other Assets -- The Current Concept -- Liabilities -- Borrowing from the Bank (or Uncle Harry) -- Financing by Suppliers (Accounts Payable) -- Accrued Expenses -- Deferred Income -- Income Taxes Payable and Deferred -- Working Capital -- Notes to the Financial Statements -- Equity?The ??Balance?? Part -- Summary -- Review Questions -- Case Study Question -- 8. Ownership and Equity -- Make a Killing in Equity? -- Building Equity -- Statement of Change in Owner?s Equity -- Equity in a Partnership -- Limited Liability Company (LLC) -- Corporate Equity -- Why Have Corporations? -- The Board of Directors -- Starting a Corporation and Issuing Shares of Stock -- The Equity Section of the Corporate Balance Sheet -- Using Stock and Stock Options as a Medium of Exchange -- Dilution of a Stockholder?s Interest -- Variations in Common Stock -- Valuation of Common Stock -- Publicly Traded Stock -- Privately Held Stock -- Book Value of Common Stock -- Types of Corporations -- Summary -- Review Questions -- Case Study Question -- 9. Budgeting/Planning -- What Is Budgeting? -- Keeping Score -- The Starting Point -- The Spouse House Company Plan -- Long-Range Plan -- Short-Range Plan -- Resulting Sales Budget -- Cost of Goods Sold Budget -- Expense Budget -- Selling Expense Budget -- Warehouse Expense Budget -- General and Administrative Expense Budget -- Budget Summary -- Zero-Based Budgeting -- Summary -- Review Questions -- Case Study Question -- 10. Budget Reporting and More Budgets -- Warning -- Budget Reports -- Reports, Reports, and More Reports -- Flexible Budgets -- Cash Budget -- Revising the Cash Budget -- Other Budgets -- Let the Accountants Worry with the Budget? -- Obligation of Budgeted Amounts -- Transaction Steps -- Summary -- Review Questions -- Case Study Question -- 11. Manufacturing and Construction -- Cost of a Manufactured Spouse House -- Costs/Expenses?Which Went Where? -- Inventories and Fluctuating Costs -- Unit Costs -- Standard Costs -- Variations in Standard Costs and Budgets -- Segregation of Variable and Fixed Factory Overhead Costs -- Allocation of Overhead by Labor Hours -- Controllable and Uncontrollable Costs -- Other Methods and Systems -- Process Costs/Job Costs -- Process Costs -- Job Costs -- Work-in-Process Inventory -- The Contracting Business -- Completed-Contract Method of Computing Income -- Percentage-of-Completion Method of Computing Income -- Government Contracts -- Summary -- Review Questions -- Case Study Question -- 12. Analysis of an Enterprise -- The Income Statement -- The Balance Sheet -- Retained Earnings Statement -- Ratios -- Current Ratio -- Quick Ratio -- Inventory Turnover -- Accounts Receivable Turnover -- Days of Receivables -- Interest Coverage -- Debt-to-Equity Ratio -- Return on Assets -- Return on Equity -- Profit Margin -- Earnings per Share -- Price-to-Earnings Ratio -- Cash Flow Statement -- Notes to the Financial Statements -- Alternative Ratios and Other Financial Tools Popularized -- in the 1990s -- Earnings Before Interest, Taxes, Depreciation, -- and Amortization (EBITDA) -- Price-to-Future-Earnings Ratio -- Pro Forma Financial Statements -- Can You Trust the Financial Statements? -- Summary -- Review Questions -- Case Study Question -- Special Topic: What Do Auditors -- Do?Or Should They Do? -- ??Auditor?? or ??Accountant??? -- Types of Auditors -- Independent Auditors -- Internal Auditors -- How Auditors Audit -- Sampling -- Third-Party Confirmations -- Examination of Internal Control -- Financial Ratios -- Professional Judgment -- Unintentional Errors -- Intentional Errors (Fraud) -- The Results of an Audit -- Auditors? Opinion Reports That Are Less Than Pure -- When Audits Fail to Find Faults -- Auditors Have Conflicts of Interest -- Failure of Management?s Role in the Audit Process -- The Emerging Solution: More Government Control! -- Changes to the SEC -- Changes Required of Publicly Held Corporations -- Changes to CPA Firms That Audit Publicly -- Held Corporations -- Less Hanky-Panky in the Boardroom? -- Appendix A: Flexible Budget Computations -- Appendix B: Sources of Industry Averages -- Appendix C: Sources of Information on Publicly -- Held Corporations -- Appendix D: Dates Pertinent to Dividends on -- Publicly Held Stock -- Appendix E: Classes of Common Stock and -- Preferred Stock -- Appendix F: Goodwill -- Appendix G: Nonprofit Organizations -- Answer Key to Review Questions and Case Studies -- Glossary -- Index.
H. George Shoffner, Susan Shelly, Robert A. Cooke.
Also available in print and PDF edition.
Electronic reproduction. New York, N.Y. : McGraw Hill, 2011. Mode of access: World Wide Web. System requirements: Web browser. Access may be restricted to users at subscribing institutions.
Mode of access: Internet via World Wide Web.
Includes bibliographical references and index.
McGraw-Hill 36-Hour Courses : Finance for Non-Financial Managers 3/E
New York, N.Y. : McGraw-Hill Education, 2011