Almost everything in business eventually boils down to the rupee sign. Sound finance sense is the key to professional or business success. Hence, aimed at honing this sense, the book helps you to: Understand the financial and accounting reports used in the business; Appreciate the financial implications of you decisions, and; Communicate meaningfully with your colleagues in the language of accounting and finance. The book provides a basic and nuanced understanding of finance and accounting to non-finance professionals. Highlights of the revised fourth edition: 2 new chapters: Cost Management and Business Performance Measurement; 5 new sections: Standardised Financial Statements, US Financial Statements. Contribution Margin, Becoming Budget-savvy and MNCs; Updated content of several chapters The book is divided into five parts covering the key areas of finance and accounting: Part One provides a firm grounding in financial statements, financial statement analysis, accounting mechanics, and financial forecasting. Part Two discusses the key concepts, tools, and systems of cost accounting, budgeting, managerial decision making, and cost management. Part Three presents an overview of the financial system, dwells on the ideas of compounding and discounting, and introduces the basic risk-return tradeoff in finance. Part Four covers the key areas of financial management such as capital budgeting, financing strategy, sources of finance, and working capital management. Part Five explores certain special topics like mergers, acquisitions, and restructuring; and international finance, and value-based management. In addition, it provides a primer on macroeconomics.