Submitted by Roscoemuffin on
in
Forums
Looking for recommendations on effective resources for:
1) Understanding the basics of business numbers and financials (think human capital and ERP folks that don't have an understanding about basic financials COGS, operations margin, etc),
2) How to do basic MBA math (calculating COGS, contribution margin, etc) for non financial managers, and
3) understanding the levers of a business that drive the fincial numbers in the financial reports (common levers in manufacturing, services or other industries and how they addressing them will affect the financials) (e.g., in a retail and consumer company, stock outs are a lever that affects COGS)
Any help is greatly appreciated. Trying to help people past a pre-conceived syloed mentality that a functional person doesn't need to understand how what they do affects the overall health of the business.
thanks,
agkshop AT hotmail DOT com
No magic bullet
I don’t know of a magic bullet or book that will answer your need, but here are some suggestions:
-Jazz
Managerial Accounting by Hilton
Roscoe,
The textbook I mentioned above is: Managerial Accounting: Creating Value in a Dynamic Business Environment by Ronald W. Hilton. Publisher: McGraww Hill Irwin. I have Sixth edition. I'm sure you can find this or the like on Internet pretty easily and cheaply (half.com or even Amazon).
-Jazz
Online resources
You might this thread and its links useful:
http://www.manager-tools.com/forums-932
John Hack
Hi, you could start with the
Hi,
you could start with the following books and then go deeper as your knowledge and interest increase:
The Definitive Guide to Business Finance: What smart managers do with the numbers (2nd Edition)
by Richard Stutely
http://amzn.com/0273710958
and
The Definitive Business Plan: The fast track to intelligent business planning for executives and entrepreneurs (2nd Edition)
same author.
http://amzn.com/0273710966
Br.
vadim