Finance made easy for non-finance people

Book Review: The second edition of the book will be helpful for students, non-professionals too

pragya

Praggya Guptaa | August 26, 2019


#accounting   #finance  


Finance for Non-Finance People
(Second Edition, 2019)
By Sandeep Goel
Published by Routledge

Finance is not only the language of business anymore or limited to the function of the finance officer but it has become the need for the professionals in every function of the organisation. For those without a background in finance, it may be perplexing, but they now have a help, in a new book.

The book covers the basic requirements that an operating manager of today needs to decipher the implication of decisions on various areas of business. It broadly covers entire finance and accounting in eight parts which enable a manager to discuss various issues about the organisational decision-making.

The book, now in second edition, is written by Dr Sandeep Goel, an associate professor of accounting and finance at MDI, Gurgaon. An SRCC graduate, Dr Goel has tried to generate practical insights and gain a swift appreciation of the fundamentals of finance and accounting and explain things with a lot of relevant real corporate cases and illustrations.

The book covers major indicators that a professional need to check while going for investments, and in strategic management decisions from fundamentals to financial statements analysis, cost accounting and management, mutual funds, capital budgeting, cash flows, working capital management, dividend policy, and merger and acquisition.

It also touches upon an important facet that is the need of the hour – Corporate Governance.  A chapter devoted to it covers the concept and principles of corporate governance while introducing corporate governance regulations in India.
The book is a good read for managers, senior managers, middle-level executives in non-financial positions who need to improve their financial skills for critical business decisions involving cost savings, budgets, projects, growth strategies, etc.

Dr Goel has authored 10 books, including on financial management practices in India and financial statement analysis, and has over 75 articles in journals. Not only professionals, the book is also helpful for students with no finance or accounting background who are pursuing executive management. It helped me with my executive management course.

The author has dedicated two chapters to taxation in the second edition, on direct tax - Income Tax and indirect tax- GST. Both are in news, and often cause of much confusion. The book will serve also as a primer to these tax reforms.

Comments

 

Other News

On A Personal note with musician Apache Indian

Renowned British singer, songwriter and reggae DJ, Apache Indian (originally known as Steven Kapoor) shot to fame with his style of music which came to be known as bhangramuffin (also called bhangragga) – a mix of bhangra, reggaemuffin and traditional dance hall in the early 1990s. His style changed

Traffic fines: Find the sweet spot between penalty and self-goal

When close to five lakh people are killed in road accidents every year in India, road transport minister Nitin Gadkari should have been complimented on his not-so-populist move to impose higher fines for traffic violations. Instead, many people are unhappy and several states – mostly ruled by the BJP

A unique project gives new life to a chaotic Mumbai fishing village

Traditional fishermen or Kolis; synonymous with feasting, song and dance; are the original inhabitants of Mumbai. For generations, they have loved their vocation and prided in it. But their work and lifestyle are facing threats from reclamation, land acquisition by builders, lack of sustainable fishing pra

Modi pledges higher target for degraded land restoration

Addressing the Conference of Parties (COP14) to the United Nations Convention to Combat Desertification (UNCCD), Prime Minister Narendra Modi on Monday announced that India would raise its target of the total area that would be restored from its land degradation status from 21 million hectares to 26 millio

How to enhance water security and also increase agri productivity

Scheduling irrigation, constructive use of water, proper crop selection and utilising modern irrigation technologies will help enhance water security while also ensuring a high agricultural productivity, says T. Mohapatra, director general of the Indian Council of Agricultural Research (ICAR).



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter