Finance and Accounting for NonFinancial Managers, 3rd Edition

1

Introduction to Finance

Learning Objectives

By the end of this chapter, you should be able to:

•  Define and use basic financial terms and concepts.

•  Identify the key financial statements and explain their content.

•  State the key accounting equations and explain their purposes.

•  Describe the different forms of business structure and recognize similarities and differences among them.

•  Identify the two types of annual reports and describe how they are communicated to shareholders.

OVERVIEW

Change is a given in business today, and managers are expected to do more and understand more than they ever had to in the past. How often ...