Finance is one of the most complicated domains to work in, given it requires an individual to possess, both technical as well as practical skills. It is perfectly reasonable for an individual to feel pressurised as well as overwhelmed with the plethora of concepts this subject contain. However, for those with patience, interest and perseverance this subject can be mastered in no time.
So, if you are a manager from a non-finance background, however, are interested in learning finance, below is the list of top 5 finance books for non-finance managers which you can read:
The Essentials of Finance and Accounting for Non-Financial Managers
Accounting is the base of almost every financial concept; hence to master finance you need to be proficient with accounting. This book by Edward Fields gives you a good insight into the concepts of accounting such as cash flow statements, annual reports etc. The best part about this book is it refrains from using numbers and instead every topic has been explained, with case studies and examples, to help each beginner succeed.
HBR Guide to Finance Basics For Manager
This book which is the part of HBR Guide Series is 192 pages long, however, is one of the most comprehensive finance books for non-finance manager to learn and understand the subject. The book instead of ‘what’ focusses on the ‘why’ of financial concepts and then tends to mention and explain concepts such as ratio analysis, cost-factor analysis etc. It is one of the excellent guides for entrepreneurs who are just starting their business and wish to master the concepts of finance such as break-even point etc. which significantly determines the failure or success of a project.
Finance and Accounting For Non-Financial Manager
A one-stop guide to almost every financial term and jargon, Finance and Accounting for Non-Financial Manager is a must read for a beginner who wishes to understand finance from every aspect. This 353 pages long book requires little to no previous knowledge in the subject and is suited for an engineer, doctor or any other personnel not related to any business or trade. After making readers familiar with the financial terms, the book tends to dwell into the topic of business decision making and guides the readers in terms of setting up their business or making financial decisions.
Finance for the Non-Finance Managers
Written by Herbert T. Spiro, this finance book for non-finance professional tends to instil confidence in the reader about the subject and helps them practice and become great with numbers. The book covers no complicated topics, instead is a plane and simple guide covering aspects of finance after reading which a reader can conduct break-even analysis, create profit loss sheets etc.
Finance for Non-Financial Managers
A clear guide to financial concepts and terms, Finance for Non-Finance Managers is one book we would recommend the beginners to read. This book written by, Gene Cicilliano tries not to overwhelm the reader and therefore doesn’t talk about topics in detail, instead serves as a basic introduction to numerous financial concepts. The author has further tried to add some spice to this otherwise dry subject by using specific anecdotes and humour which makes reading this book all the more fun.
So, these were the top 5 finance books for non-finance manager. Do let us know if there was any better book which we missed in the comment section below.
