The McGraw-Hill 36-Hour Course in Finance for Nonfinancial Managers

by Robert A. Cooke

Book Overview

Make simple sense of complex financial information The high-profile accounting scandals of recent years have made one thing clear: You can't know too much about the company for which you work. What... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0070125392
• ISBN13: 9780070125391
• Release Date: January 1992
• Publisher: McGraw-Hill Companies
• Length: 266 Pages
• Weight: 1.45 lbs.
• Dimensions: 1.1" x 6.3" x 9.3"

Customer Reviews

Not as bad as a root canal

I'm not a finance person nor do I plan to be one in the future. Will working in sales for the past 10 years I have become more aware of what I don't know and finance is surely one of those areas. This book covers the basic's of the financial world without putting you into a comma. The homework at the end of each chapter gets to be a bit of a pain since I was looking for the "concept" not trying to become an accountant. The best part of the book is it starts basic and builds off of that throughout the book which helped me understand some of the more complex financial terms. Good book for someone trying to get up to speed quick.

Financial Statements simplified ...

Understanding financial statements is one of the key skills needed for any Investor, Employee or anyone interested in determining the health of a company. However, most of the books written on this subject are by the Accountants for the Accountants. Due to which they are hardly ever comprehensible to the lay person. That's where this book comes into picture. "The McGraw-Hill 36-Hour Course in Finance for Nonfinancial Managers" is an excellent educational book which guides you through the concepts involved in financial statements like Income Statement, Balance Sheet in a simple and straight forward manner interspersed with a dash of humor here and there. Robert Cooke's keep it simple approach, use of funny, fictitious companies like "Spouse House" in addition to use of comprehensible businesses like "Lemonade Stand" to build up the concepts behind financial statements makes it a fantastic book. Use of common place personal names like Rosie, Alice, Jeff etc makes the book an easy read and the story telling format nicely engages the reader. Interestingly the Author/Publishers seem to have limited their audience by naming the book for "Non-Financial Managers". But in fact this book is for everyone ... I would highly, highly recommend this book ... Definitely read it! -Sachin

Breathes life and energy into a potentially dry subject.

This book starts teaching before chapter one even gets under way by setting the expectation that you really can learn (and better, apply) finance no matter what you're trying to do.The sample situation that follows all the way through the book really helps focus on the concepts being taught. Some of the examples are humorous and some make you want to share what you're reading with a loved one.I bought this book because I'm just starting to deal with the budget aspects of network management, and needed to figure out how to lay out what I want to do technically to non-technical folks who have the company checkbook. I already know what I want to do, how much it will cost - demonstrating benefits and describing it in language the "C" team - CEO, CFO - speaks really helps.One of the best discoveries for me while reading this book is that in addition to helping me achieve the goal above, I found the concepts are applicable to budgeting for the home as well.It's definitely worth a read!

I'd give it six stars if I could! Fun To Read

OK. You're reading about this book because some brilliant mind at your company decided you should head up the financial decision-making department of your company. Never mind that you majored in Italian and never studied finance! Or, you are new to business and want to start your own company, and you know you need to know a bit about bookkeeping and financial management. Congratulations! You've found the right book. "The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers" is a great little book. Every small business owner who hasn't formally studied finance should read it. Robert A. Cooke covers it all-- sales, cost of sales, expenses, buying, leasing or doing without, the balance sheet and income statement, and much more. This is not a bookkeeping text per se. "The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers" teaches finance which is a broader topic. A strategic topic needed for successful growth of a company. Unlike many introductory small business books, "The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers" does a really good job discussing budgeting and long-range planning. Using the numbers to plan rather than just recording them for the sake of tax-reporting purposes is what finance and financial decision-making is all about. Further, Cooke makes financial business planning, which is considered by many to be a boring topic, rather fun to read. He follows the new fictional start-up company, The Spouse House Company. The company makes little sheds, Spouse Houses, for spouses who are in the dog house and who need a little shed in the backyard to hang out in until trouble blows over and domestic tranquility is restored. The book ends with a short self-test you can take to see if you have retained the information covered in the book. But, hey, this is real life and not school. You don't have to take the short little test if you don't want to. Nor do you have to work out the short review questions. But, I'd recommend you do."The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers" is not only very readable, but reads quickly at only about 270 pages. That means you will be able to read it twice. In addition to "The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers," if you are starting your own business, you should also pick up a copy of "Small Time Operator," which covers taxation dates and issues, and a copy of my own "Thinking Like An Entrepreneur." These three books will give you a strong tripod base upon which to build your small business and entrepreneurial finance knowledge. Peter Hupalo, Author of "Thinking Like An Entrepreneur."

Excellent use of Humor to teach Finance

Robert Cooke use humor throughout the book to help nonfinancial manager understand financial reports. The use of the Spouse House Firm throughout the book allows you to see the develop of financial reports as they apply to a small growing firm. Robert writes as he is right in front of you talking to someone he has known for a long time. He uses humor to help you understand the difficult concepts of the book. If you are looking to learn financial statements or just refresh your skills this is the book I recommend.