Traditionally, the study of financial decision making in law enforcement and criminal justice entities has been approached from the perspective of tax revenues and budgeting that focus only on the past and present. Capital investments of cash flow provide future benefits to all organizations, and among courses in business administration, these noti
You don't have to have an MBA to understand the basics of accounting and finance, although it helps. This short book is a primer that will give you and those in your organization some basic tools for making smarter business decisions. Like many of my senior team colleagues at the time, many people believe that finance is the responsibility of the Chief Financial Officer (CFO) and perhaps a few staff accountants. Over the years, I have learned that we all need to understand some of the principles of accounting and finance as well as some best practices.In our experience, most strategic leaders do not have formal training in accounting and finance. This is not their fau
Strategic Financial Management Casebook strategically uses integrative case studies—cases that do not emphasize specific subjects such as capital budgeting or value based management—to provide a framework for understanding strategic financial management. By featuring holistic presentations, the book puts readers into the shoes of those responsible for the world’s largest wealth creators. It covers strategies of growth, mergers and acquisitions, financial performance analysis over the past decade, wealth created in terms of stock returns since its listing in stock market, investment and financial decisions, cost of capital, and corporate valuation. In addition, the casebook also discusses corporate restructuring activities undertaken by each company. Each chapter follows a template to facilitate learning, and each features an Excel-based case analysis worksheet that includes a complete data set for financial analysis and valuation. Introduces a conceptual framework for integrating strategy and finance for value creation Emphasizes the roles of corporate governance, corporate social responsibility, and risk management in value creation Encourages an analysis of investment, financing, and dividend decisions Examines non-financial factors that contribute to value
This is a final-year college level textbook on personal finance, jointly written by business school and mathematics professors. It is aimed at a wide audience of people who are interested in wealth management from a more rigorous perspective. It may be used in both personal applications and professional classrooms.
This book on personal financial planning and wealth management employs the lifecycle model of financial economics. The central idea of 'consumption smoothing' is used to connect chapters and topics such as saving and investment, debt management, risk management and retirement planning. The first part of the book is nontechnical and aimed at a wide audience with no special technical background. The second part of the book provides a rigorous presentation of the lifecycle model from first principles using the calculus of variations. The accompanying website is found at http://www.yorku.ca/milevsky/?page_id=185.
The thrust of this second edition of Strategic Financial Management book is on discussing the eight levers of value creation reflected in what the author calls the ‘Value Octagon,’ comprising strategy and business model; capital allocation; strategic financing decisions ; organizational architecture; cost management; corporate risk management; mergers, acquisitions and restructuring; and corporate governance. Salient Features: Enthused by the response to the first edition, the following has been added: • Appendix 4A: Competing with Ordinary Resources • Section 5.12: Five Principles of Capital Allocation • Section 5.13: Personality Traits and Capital Management • Appendix 6D: Magic of Securitization • Appendix 7A: Time to Dump Traditional Budgeting • Appendix 9C: A Practical Guide to Risk Management • Appendix 10C: Negotiation Ranges and Exchange Ratios • Appendix 10E: The ‘India Way’ of Managing Overseas Acquisitions • Appendix 10F: Archetypes for Value Creation • Section 11.12: Integrity • Section 11.13: Governance of Financial Institutions • Appendix 11B: How the Audit Committee Can Add Value • Appendix 11C: Seven Deadly Sins of Financial Reporting • Appendix 12A: EVA Momentum Chapter 13 titled “Stellar Value Creators” has been updated and augmented with new sections on The Outsiders and Sustained Business Success. With these additions and updating the book represents an improvement over its earlier edition.
Allow me the opportunity to present you the 2020 edition of Certified Management Accountant (CMA) – Part 2 – Strategic Financial Management – Study Book. The features of the CMA study material are: · All the essential concepts and topics that are tested in CMA exams are covered in 489 study points. · It contains the 71 True / False questions to help candidates in CMA preparation. · CMA course is adequately covered in the book. · A dedicated section on CMA course details is added to the book. This CMA preparation guide will enable the candidates to study independently, achieve excellency, and enjoy learning. After studying from this CMA training material, the candidates can solve the CMA test bank of any Publisher. CMA training videos are live on the Zain Academy YouTube channel.
The Second Edition of the book encompasses two new chapters—Strategic Cost Management and Business Ethics—A Strategic Financial Management Instrument. The book, being an augmented version of the previous edition, equips the young managers with the fundamentals and basics of strategic management and financial management in a cogent manner. The text now provides a better orientation to the students on the topics like corporate restructuring, divestitures, acquisitions, and mergers in the global context with the help of examples and caselets. The book has been revised keeping in view the requirements of postgraduate students of management and the students pursuing professional courses such as CA, MFC and CS. In addition, professionals working in the corporate sector may also find the book beneficial to integrate the financial management functions into business strategy and financial operations. Distinctive features • Model question papers have been appended at the end of the book. • Better justification of topics by merging the contents wherever required. • Theory supported with caselets inspired from global as well as Indian context.
The purpose of proper strategic thinking is to eliminate top-down only communication that leads to the wishful thinking way of organizational strategy. Strategic thinking is necessary at every level of an organization. This book uses actual histories of business successes and failures to illustrate theoretical concepts in strategic thinking.
Curt Verschoor On Ethics is a compilation of the best business ethics columns that will continue for years forward to be of lasting educational value. In a company setting, the columns can function as the basis for discussion on proper business ethics. In academia, the columns can serve as assigned readings over significant ethics events and issues. Some topics that are covered in the columns include: Value of a Strong Ethical Culture Studies of Ethical and Unethical Culture Public and Management Accounting Ethics Ethics of Executive Compensation International Ethics Standards Fraud Case Studies Small Organization Fraud Studies Regulation and Enforcement Whistleblowing Sustainability and Integrated Reporting Tax Avoidance Issues Students
Where do you need Strategic Finance improvement? How do you maintain Strategic Finance's Integrity? What is the scope of the Strategic Finance effort? Who manages Strategic Finance risk? How do you catch Strategic Finance definition inconsistencies? This one-of-a-kind Strategic Finance self-assessment will make you the dependable Strategic Finance domain expert by revealing just what you need to know to be fluent and ready for any Strategic Finance challenge. How do I reduce the effort in the Strategic Finance work to be done to get problems solved? How can I ensure that plans of action include every Strategic Finance task and that every Strategic Finance outcome is in place? How will I save time investigating strategic and tactical options and ensuring Strategic Finance costs are low? How can I deliver tailored Strategic Finance advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Strategic Finance essentials are covered, from every angle: the Strategic Finance self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Strategic Finance outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Strategic Finance practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Strategic Finance are maximized with professional results. Your purchase includes access details to the Strategic Finance self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Strategic Finance Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.
This book deals with corporate mergers and acquisitions by analyzing the financial and strategic aspects. It starts with a chronological justification of the evolution of external growth operations and ends with case studies in order to put into practice the theoretical contribution of the previous titles. Through this book, we wish to detail the types of mergers and acquisitions, their modes, their motivations, their consequences and their performances. First of all, we propose a panoply of scientific research, methodological explanations and logical structuring to expose a subject of experience considered for a long time as a phenomenon in finance. Then, through a sample of 90 mergers or acquisitions, we analyze the effects of these transactions on French companies.
Successful financial management begins with a solid understanding of the organization's strategic goals and objectives as well as its day-to-day business practices. Based in sound financial theory and journal literature augmented by common business policies, STRATEGIC FINANCIAL MANAGEMENT: APPLICATIONS OF CORPORATE FINANCE gives you the essential tools, techniques, and concepts you need in order to understand financial management from a strategic and operational perspective. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
The book Finance for Executives: A Practical Guide for Managers meets the needs of global executives, both finance as well as non-financial managers. It is a practical and fundamental finance reference book for any manager, as it makes a perfect balance of financial management theory and practice. It focuses on corporate finance concepts from value creation to derivatives, including cost of capital (and WACC), valuation, financing policies, project evaluation, and many other essential finance definitions. Finance for Executives makes finance simple and intuitive, through the use of real world data (brief company case studies and empirical examples of concepts), Excel financial modelling tools, and practical short chapters. Target Audience This finance book is appropriate for business executives, from all backgrounds, seeking to Focus on the links between financial management and the strategy of their company, be it a private or publicly traded company Discover how to create value for their company and boost its financial performance Understand the key topics of corporate finance for non-financial managers Create a cost of capital culture within a company Refresh and broaden their understanding of the latest financial concepts and tools Learn about financial management for decision makers - including financing and dividend policies, company valuation, mergers and acquisitions (M&As), project evaluation, cost of capital (WACC) estimation, or risk management and derivatives Finance for Executives is suited as a finance textbook for corporate finance programs, executive education courses, as well as in MBA, master's, and executive MBA programs. Indeed, the book is based on many years of executive education and consulting with world-class corporations from all continents of the world. What Is This Book About? Finance should be fun, and practical as well. With this book at hand, you will have access to a set of tools that will help you develop your intuition for solving key financial problems, improve your business decisions, and formulate strategies. This finance for managers' reference book is based on Simplicity - The core concepts in corporate finance are simple, and will become intuitively clear after using this book Conciseness - The chapters are short and self-contained to appeal to busy executives who are keen on value-added activities Practical focus - The key concepts of financial management are explained (and linked to Excel modelling tools), while you learn to identify the problems and pitfalls of different managerial choices Application of theory to practice - It highlights key academic research results that are relevant for practitioners Real-world focus - The book includes empirical data on several companies and industries around the world. Working with real-world problems and real-world data is more fruitful than theoretical discussions on formulas Excel Templates An Excel spreadsheet containing all the financial models used in the different chapters is available for download from the book's website. Practitioners will find the file easy to customize to their own requirements. It is useful in a variety of situations: value creation and its decomposition into managerial drivers or key performance indicators (KPIs), cost of capital (WACC) estimation, project evaluation, mergers and acquisitions, company valuation, derivatives valuation, etc. Editorial Reviews An excellent teach-yourself finance primer for non-financial executives, and, I dare say, even for most finance executives. Ravi Kant, Vice Chairman, Tata Motors, India The finance reference book for the desk of ANY manager. Michel Demaré, Chairman of the Board, Syngenta, Switzerland The perfect balance of practice and theory. Geert Bekaert, Professor of Finance, Columbia Business School, USA A key tool to improve your business decisions. Thilo Mannhardt, CEO of Ultrapar, Brazil Finance for Executives is easy to follow, and makes a boring subject actually quite exciting. Severin Schwan, CEO, Roche Group, Switzerland A must-have for your list of favorites. José Manuel Campa, Professor of Finance, IESE Business School, Spain