The McGraw-Hill 36-Hour Course : Finance for Non-Financial Managers 3/E / H. George Shoffner, Susan Shelly, Robert A. Cooke.

Format:

Book

Author/Creator:

Shoffner, H. George, author.

Shelly McGovern, Susan, author.

Cooke, Robert A., author.

Series:

McGraw-Hill's AccessEngineeringLibrary.

McGraw-Hill's AccessEngineeringLibrary

Language:

English

Subjects (All):

Budget in business.

Financial statements.

Business enterprises--Finance.

Business enterprises.

Corporations--Finance.

Corporations.

Genre:

Electronic books.

Physical Description:

1 online resource (368 pages): illustrations.

Edition:

Third edition.

Place of Publication:

New York, N.Y. : McGraw Hill LLC, [2011]

Language Note:

In English.

System Details:

Mode of access: Internet via World Wide Web.

Summary:

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!

Contents:

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

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

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

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

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)

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

7. The Balance Sheet

What?s a Balance Sheet? What Does It Mean?

Assets

Cash

Accounts Receivable

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

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

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

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

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

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

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?

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

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.

Notes:

Includes bibliographical references and index.

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.

Description based on e-Publication PDF.

Other Format:

Print version: McGraw-Hill 36-Hour Courses : Finance for Non-Financial Managers 3/E.

ISBN:

9780071759472

0071759476

OCLC:

712037549

Access Restriction:

Restricted for use by site license.