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

More tests, more oxygen: PM spells out focus

The expansion of the testing and treatment network and more availability of oxygen top the government’s priorities in combating the spread of Covid-19, prime minister Narendra Modi indicated on Tuesday. The PM chaired a video conference with the chief ministers of all states and UTs o

Now, mandatory Covid test to enter Maharashtra

From Wednesday, all passengers travelling to Maharashtra from the NCR of Delhi, Rajasthan, Gujarat and Goa – the four states with high numbers of Covid-19 infection in recent days – will have to compulsorily provide RT_PCR tests before boarding flights and trains.    

India’s active caseload remains below 5%, recovery rate remains above 93%

India’s present active caseload (4,43,486) is 4.85% of the total positive cases, and has been sustained below the 5% mark, the health ministry said in a bulletin Monday. The Recovery Rate continues to be above 93% as 93.68% of all cases have recovered as of date. In the 24 hours to Mon

Covid-19 too will be history one day: Dr. Harsh Vardhan

Covid-19 will soon be a “past episode”, Dr. Harsh Vardhan, minister for health and family welfare, has said, hoping that “vaccines available very soon, and the cases will significantly go down in the next few months”. “It is not the first one and definitely not

India’s reforms could support medium-term growth

The revival of the government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate, Fitch Ratings has said in a new analysis, while also taking note of downside pressures to growth and adding that it will take time to assess wh

Govt working towards resolving MSME issues through banking reforms: Patra

Acknowledging that much needs to be done in the banking sector, BJP national spokesperson Sambit Patra has said that the government was working on the nitty-gritties. “As far as the Indian banking system is concerned, a lot is still to be done and rest assured work is under progress. T



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter