Finance for Non-Finance People

This book makes sense of the finance world from a non-finance perspective. It introduces, explains, and demystifies essential ideas of business finance to those who do not have a financial background or training. The book delineates the financial workings of businesses and offers an overview of financial management in a global context.

The volume discusses fundamental concepts and applications of accounting and finance at the global level. It contains effective tools for financial analysis, communication, monitoring, and resource allocation. It provides important instructional aids such as figures, tables, illustrations, and real-world corporate case studies to facilitate learning.

It is concise in form yet comprehensive in content, delivering in-depth coverage of the five key constituents and entire gamut of the finance domain: financial accounting, cost accounting, financial management, financial markets, and tax planning. It is thoroughly updated with the latest concepts, international corporate practices, recent trends, and current data, offering a vivid visual impact for a pleasurable reading and learning experience.

Lucid, accessible, and comprehensive, this third edition is a revised version in accordance with the current finance laws, practices, and data. A guide to building financial acumen and literacy, it will be a useful resource for executive and management development programs oriented towards business managers and management students, including MBA programs and allied disciplines of commerce, finance, economics, and others. It will also benefit business executives, corporate heads, entrepreneurs, government officials, and academicians of business and allied disciplines, as well as those who deal with finance or financial matters in their daily lives.