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'Finance & Accounting' for the Rest of Us: A Conversation with Richard A. Lambert

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Uploaded on Nov 18, 2011

Many managers are not comfortable reviewing the financial data that finance and accounting staffs provide to them. Yet according to Wharton accounting professor Richard A. Lambert, financial statements -- like cash flow statements, balance sheets and income statements -- reveal information that managers cannot afford to ignore because of what they show about a company's opportunities and risks. In his new book in the Wharton Executive Education Essentials Series, Finance & Accounting, Lambert demystifies financial statements and shows managers how to use the data to make better business decisions for long-term profit. Stephen J. Kobrin, a Wharton management professor and executive director of Wharton Digital Press, talked with Lambert about how managers can use financial statements to create and refine strategy, stay on top of expenses, establish proper benchmarks for gauging performance and more.

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