Here2s clear sailing for managers who need to navigate through the intricacies of balance sheets, budgets, and other financial reports Credit reports. Financial statements. Cost-benefit analysis. Departmental budgeting. In today2s fiercely competitive economy, busy executives, managers, and small business owners need to interpret numbers correctly to make effective decisions and carry out their strategic planning. The completely revised fourth edition of this classic reference shows them how. It offers time-pressed managers a detailed, comprehensive picture of the basic business operations that can make or break the success of their organization. From understanding accounting concepts to deciphering financial statements to coping with tax rules and investment basics, this handy resource helps busy managers make sense of the financial side of running a business. Demystifies such critical business operations as designing budgets and P & L2s, using inventory policy formulas, and mastering the mathematics of interest Addresses the latest federal tax changes and regulatory codes that impact every manager2s financial decisions Includes new, timely examples, charts, and tables HERBERT T. SPIRO (Woodland Hills, California) is President of American Valuation Group, a financial consulting firm, and is Professor of Finance at California State University, Northridge. He has held financial management positions for Ford Motor Company and McDonnell-Douglas.