Practical Tools for Management Decisions: Making the Numbers Work for You

The field of finance and its accounting-based information provide a rich trove of practical tools that help managers assess business profitability and investments. This chapter defines and explains how to use various methods of accounting analyses to answer questions such as: What are the costs and benefits of a particular course of action? What is the estimated return on a potential investment? and How long will it take for a company to recoup this investment?