The definitive guide to the principles of finance and accounting-revised and updated and including access to interactive worksheets online. . Mastering the fundamentals of financial management is a must for those with a stake in their company's and their own professional future. Packed with step-by-step examples and illustrative case studies, and fully updated to reflect the latest changes in tax laws and accounting requirements, Finance and Accounting for Nonfinancial Managers is one-stop shopping for managers, entrepreneurs, seasoned executives, teachers, and students alike. Featuring a new chapter on accountability and ethics, and complete with Excel templates, study questions, and a teaching guide on the Web (www. droms-strauss. com), Finance and Accounting for Nonfinancial Managers covers all major aspects of financial management including:Reading a balance sheetMastering the accounti ng cycleMaking long-term investment decisionsConducting breakeven analysis for profit planningCalculating cost of capitalEvaluating closely held companies