Budgeting and financial management Books
John Wiley & Sons Inc Inside Secrets to Venture Capital
Book SynopsisThis book teaches an entrepreneur seeking to grow a business. * how to find venture capital, how to make the business attractive to venture capitalists, how to protect himself in negotiating an agreement, and how to deal with the venture capitalists once the agreement is signed. .Table of ContentsPreface: Venture Capital: Make No Mystique About It. What Is Venture Capital? Where Is the Industry Going? Your Search for Venture Capital. Presenting a Business Plan to Investors. What Do Venture Capitalists Think of the Business Plans TheyReceive? The Capital Crapshoot. Earthbound Angels. Venture Capital Decision Making. No, It's Not Location, Location, Location, But It IsManagement. Finding Investors Where They Work and Play. Getting to the Big Show: Venture Capital Conferences. Do Referrals Open Doors? Intermediaries and Other Wild Things. So Many Venture Capitalists, So Little Time. Confidentialty: Prudence or Paranoia? The First Date: Meeting with Venture Capitalists. Valuing Your Company: A Small Dose of Reality. Due Diligence: A Two-Way Street. Give a Little, Get a Lot: Negotiating. Closing the Deal and Living Happily Ever After. Putting It All Together. Final Thoughts: You Can Get There from Here. Words of Encouragement and Advice. Index.
£41.25
John Wiley & Sons Inc Competing for Capital
Book SynopsisPraise for Competing for Capital An indispensable guide for investor relations and communication counselors alike. With more individual investors in the market than ever before, this book makes navigating the new regulatory playing field much more possible--and makes clear the path to victory. --Michael W. Robinson Director, Levick Strategic Communications; Former Director of Public Affairs and Policy, U.S. Securities and Exchange Commission (SEC); Director of Media Relations, NASD More than simply writing a textbook on IR, Bruce Marcus shares his wealth of experience and critical viewpoint with those seeking to understand a fast-changing profession. --June Filingeri President of Comm-Partners LLC, Investor Relations Consultant, and Educator Bruce Marcus puts some solid ground under the shifting landscape of being an investor relations professional. A must-read primer for public companies. --Robert C. Roeper ManTable of ContentsAcknowledgments ix Preface xiii CHAPTER 1 Strategic Factors in a New Environment 1 The Coming of Sarbanes-Oxley and the Brave New World CHAPTER 2 The New Investor—and What Influences the Investment Decision 9 This Ain't Your Father's House No More CHAPTER 3 Regulation 27 Rules Of Disclosure—The SEC and Sarbanes-Oxley CHAPTER 4 The Street 65 A Funny Thing Happened on the Way to Unbridled Wealth . . . CHAPTER 5 Talking to the Financial Community and the Shareholder 89 Let Me Tell You About Our Company . . . CHAPTER 6 Analysis and Analysts 123 What Do Analysts Really Want (Besides a Crystal Ball)? CHAPTER 7 Dealing with the Business and Financial Media 165 On and Off the Record to Get It Right CHAPTER 8 The Future of Investor Relations 205 If We Don't Know Where We're Going, How Do We Know How to Get There? Index 209 About the Author 217
£56.25
John Wiley & Sons Inc Modeling Measuring and Hedging Operational Risk
Book SynopsisWorldwide banks are keen to find ways of effectively measuring and managing operational risk , yet many find themselves poorly equipped to do this. Operational risk includes concerns about such issues as transaction processing errors, liability situations, and back-office failure. Measuring and Modelling Operational Risk focuses on the measuring and modelling techniques banks and investment companies need to quantify operational risk and provides practical, sensible solutions for doing so. * Author is one of the leading experts in the field of operational risk. * Interest in the field is growing rapidly and this is the only book that focuses on the quantitative measuring and modelling of operational risk. * Includes case vignettes and real-world examples based on the author''s extensive experience.Table of ContentsIntroduction PART I: DATABASE MODELING Database Modeling PART II: STOCHASTIC MODELING Severity Distributions Extreme Value Theory Frequency Distributions The Operational Risk VaR Stochastic Processes in Operational Risk PART III: CAUSAL MODELS Causal Models : Applying Econometrics and Time Series Statistics to Operational Risk Non-Linear Models in Operational Risk Bayesian Techniques in Operational Risk PART IV: OPERATIONAL RISK MANAGEMENT Operational Risk Reporting, Control and Management - Stress Tests and Scenario Analysis in Operational Risk PART V: HEDGING OPERATIONAL RISK Operational Risk Derivatives Developing an OR Hedging Program PART VI: OPERATIONAL RISK REGULATORY CAPITAL Operational Risk Regulatory Capital PART VII: MEASURING "OTHER RISKS" - FOREGONE REVENUE MEASUREMENT MODELS An Enterprise-Wide Model for Measuring Reputational Risk - Measuring Concentration (or Key Personnel) Risk - Using Real Options in Modeling and Measuring Operational and 'Other' Risks APPENDIX - Valuing Networks - Understanding the basics of e-ventures valuation
£37.99
John Wiley & Sons Inc Retail Banking Technology
Book SynopsisReveals the tools, tactics and strategies that financial industry executives can use to realign and revitalize their retail banking organizations. The primary focus is on the needs and expectations of customers. Explores not only breakthrough technologies but innovative uses of conventional technology and refreshed or enhanced systems to add value to any retail banking operation. Contains practical advice, suggestions, and insights offered by scores of bankers. Topics include information and integration; teller system and service imperatives; platform automation; electronic banking; innovative products and packages; marketing information systems; sales and staff performance; branch bank merchandising and more.Table of ContentsRelationship Banking for the 21st Century. Information and Integration. Teller System and Service Imperatives. The Promise of Platform Automation. Electronic Banking. Innovative Imaged Products and Services. Marketing Systems and Strategies. Sales and Staff Performance. Branch Bank Merchandising. Breaking Banking Barriers. Productivity and Profitability. Indexes.
£220.50
Wiley Asset Management
Book SynopsisGlobalization, new technology, 24 hour trading, the growth of pension funds and the rise of quantitative techniques have led to fund managers facing entirely new issues. This book discusses the future of the industry.Trade Review"…Dr Acharaya is rather to be congratulated on having produced nothing less than a definitive study of an industry still in the process of adapting to a very changed world…" (Professional Investor, October 2002) Table of ContentsCapital Market Revolution. The Alpha and Beta of Investing. Indexation. Active Management. Absolute Return Strategies. Private Equity. Socially Responsible Investing. Concluding Observations. Notes. Bibliography. Index.
£57.00
John Wiley & Sons Inc The Portable MBA in Economics
Book SynopsisThis essential addition to the acclaimed Portable MBA Series contains an important group of concepts and skills in order to understand the business environment along with a framework for making business decisions.Table of ContentsBusiness and Economics. MACROECONOMICS. Measuring Economic Activity. The Business Cycle. Producing Goods and Services. Inflation and Unemployment. Economic Lubricants. A Borderless World. MICROECONOMICS. Understanding the Market Process. Consumer Respnse. Producer Response. Putting It All Together. Appendix. Glossary. Notes. Index.
£36.00
John Wiley & Sons Inc Principles of Engineering Economy
Book SynopsisThe Eighth Edition of the standard engineering economy text and reference explains the principles and techniques needed for making decisions about the acquisition and retirement of capital goods by industry and government, as well as alternative types of financing and other applications. Arranged in four parts: basic concepts, principles, and mathematics; procedures and methods for evaluating alternatives; techniques for handling special situations; and special applications. Introduces the use of computers and spreadsheets in evaluating engineering alternatives. Includes up-to-date coverage of federal tax legislation, extensive discussions and problems dealing with personal finance, and material on handling multiple alternatives by rate of return and benefit/cost ratio methods. Contains numerous examples and 476 problems, many entirely new. Accompanied by a complete solutions manual for the instructor.Table of ContentsPartial table of contents: SOME BASIC CONCEPTS IN ENGINEERING ECONOMY. JUDGING THE ATTRACTIVENESS OF PROPOSED INVESTMENTS. Equivalent Uniform Annual Cash Flow. Measures Involving Costs, Benefits and Effectiveness. Estimating Income Tax Consequences of Certain Decisions. TECHNIQUES FOR EVALUATING ALTERNATIVES. Financing Effects on Economy Studies. Capital Budgeting and the Choice of a Minimum Attractive Rate ofReturn. Prospective Inflation and Sensitivity Analysis. SPECIAL APPLICATIONS OF ENGINEERING ECONOMY. Aspects of Economy Studies for Governmental Activities. Aspects of Economy Studies for Regulated Businesses. Index.
£206.96
John Wiley & Sons Inc Making Innovation Pay People Who Turn IP Into
Book SynopsisIn Making Innovation Pay, 10 proven IP practitioners offer perspective for understanding what is necessary to turn business rights into financial assets.Trade Review"The authors are telling us that IP Management is going through an evolution...this book provides a firm grounding in the issues...I strongly recommend it to NPD practitioners, consultants and senior managers." (The Journal of Product Innovation, September 2007) "I strongly recommend it to NPD practitioners, consultants, and senior managers." (Journal of Product Innovation Management; 9/07) "Informative and insightful. This edited compendium contains eleven chapters featuring easy-to-read contributions…. The book is laid out well, and it is a breezy read. Although the target audience is senior executives and managers in the world of business, the book is a very good collection for anyone interested in intellectual property… Worth the time, money and effort." —Professor Jay Kesan, J.D., Ph.D., U. of Illinois (Voiceless.com, October 4, 2006) "Timely and insightful essays from ten leading practitioners – eleven if you count Berman himself. The book addresses serious topics, like fiduciary duties and risk management, with far more credibility thatn any one author or practitioner could." (les Nouvelles, September 2006) "MIP is a must for senior management and a great resource for the IP practitioner. Thanks again, Bruce Berman, for putting IP management into a business perspective and maiking it more comprehensible to senior execuitves, professionals and managers alike." (les Nouvelles, September 2006) "As a 37 year patent practitioner, I found the first 50 pages of this book to be an eye-opener. It not only is worth the cost of the book, but in my view is worth the entire cost of the seminar for which it was offered as a preliminary read." —Dave Stallard, Wood, Herron & Evans, L.L.P. "In his new book, Making Innovation Pay, Berman writes that patent owners have the same rights as property owners to protect and prosper from their assets, and he taps some of the most recognized IP gurus in the game to show companies how best to accomplish that." (Corporate Dealmaker, Mar-Apr 2006)Table of ContentsAcknowledgments. Foreword by Kevin Rivette, author of Rembrandts in the Attic. Introduction. Chapter 1. Roadblocks and Building Blocks (B. Berman). Worthy Opponents. Distinguishing Patent Trolls from Independent Asserters. High-Stakes Poker. A Double Standard for IP Assets. Tolls,Trolls, and U-Turns. Chapter 2. Turning a Patent Portfolio Into a Profit Center (M. Phelps). Prof ile: Hail to the Chief IP Of f icer. ThinkPad®: The Licensing Story. A Virtuous Circle. Four Keys to an Ef fective Licensing Program. Innovative Uses for Innovation Rights. Chapter 3. Seeing Through the Illusion of Exclusion (D. McCurdy). Profile: Purveyor of Quality. IP on the Radar Screen. Gaining Competitive Advantage. IBM Leads the Way. Timing the License. Knowing WhatYou Have. Masterpieces Hang in Museums, Not in Attics. Emerging Models. Chapter 4. On Patent Trolls and Other Myths (A. Poltorak). Prof ile: Knight in Shining Armor. A Patent Is a Negative Right. Myth #1: “A patent is needed to practice the invention.” Myth #2: “It is not ‘nice’ to sue for patent infringement.” Myth #3: “The value of a patent is the same as the value of the patented technology.” Myth #4: “The patent system is fair.” Do Patent Trolls Really Exist? Myth #5: “A patent is a tax on innovation.” Chapter 5. Roadblocks, Toll Roads and Bridges: Using a Patent Portfolio Wisely (P. Detkin). Prof ile: From Trolls to Tolls. Shareholders Expect a Return on IP. Not All Patents Are Created Equal. Deploying Unrelated or Orphan Patents. Who Are the Buyers? A Seller’s Paradox. Chapter 6. Risky Business: Overlooking Patents as Financial Assets (J. Malackowski). Prof ile:Wunderkind. Director and Off icer Accountability. Patent Enforcement Litigation. Sarbanes-Oxley–Related Compliance. Shareholder Litigation. IP-Driven Shareholder Value. Performance Measurement. Director and Off icer Responsibility. Looking Ahead. Chapter 7. Who Benefits from Patent Enforcement? (R. Niro). Prof ile: Little Guys Like Him. A Patent Is Worthless Without a Remedy. When Inventors Fail, Innovation Suf fers. Inventors Must Consider Patent Enforcement. Patent Trolls and Harassment. The Role of Contingent-Fee Representation. Large Patentees Are Fighting Back. Breaking from the Pack. Dispelling the Troll Myth. The Danger of Not Enforcing. Leveling the Field. Chapter 8. Global IP in Crisis: Recognizing the Threat to Shareholder Value (B. Lehman). Prof ile: All Along the Watchtower. The Leadership Vacuum. The Top U.S. Patentees Are Not U.S. Companies. The Dangers of Uncertainty, Viagra® in China. An Action Plan. Managements Need to Step Up. Chapter 9. It Takes More than Being Right to Win a Patent Dispute (R. Schutz). Prof ile: Serious Competitor. Know Everything That Can Be Known. Juries Love a Good Story. Identifying Strong Patents. Good Guys and Bad Guys. Patent Disputes: Measuring Risk and Reward. Hedging the Risk. Chapter 10. Managing Innovation Assets as Business Assets (J. Beyers). Prof ile: Master Scout. Legal vs. Business-Led IP Perspectives. Elements of a Business-Led IP Model. How Patent Trolls Affect Prof its. The Nature of the Unfair Value That Patent Trolls Can Realize. What Operating Companies Can Do to Protect Themselves. Chapter 11. Secrets of the Trade: An Inventor Shares His Licensing Know-How (R. Katz). Prof ile: An American Original. The Business Model. Agreements and Fee Schedules. Ongoing Research and Notif ication Program. Litigation: Always a Last Resort. Defining Success. Index.
£27.19
John Wiley & Sons Inc Operational Risk Measurement Modelling
Book SynopsisThis work brings together various theories and models in operational risk, presenting them in the context of real-life case studies. It seeks to be both a sourcebook of operational risk techniques and a user manual on how to apply them.Table of ContentsPreface. Acknowledgements. INTRODUCTION TO OPERATIONAL RISK. Introduction to Operational Risk. Historical Losses. Regulation. MEASURING OPERATIONAL RISK. A Measurement Framework for Operational Risk. The Delta Methodology. The EVT Methodology. MODELLING OPERATIONAL RISK. Delta-EVT(TM) Models for Operational Risk. Causal Modelling. Causal Models for Operational Risk. MATHEMATICAL FOUNDATIONS. Error Propagation. Extreme Value Theory. Bayesian Methods. APPENDICES. Glossary. Bibliography. Index.
£103.50
John Wiley & Sons Inc European Cash Management
Book SynopsisIf you are involved with an organisation that has not undertaken a recent review of its cash management with expert advice there is a high probability that your organisation is not maximising its resources. In European Cash Management Marie Dolfe and Anna Koritz draw on their extensive international experience in advising multi-national corporations to give clear practical advice on: * how to formulate an effective cash management strategy * how to increase profitability * how to maximise shareholder value * recent developments and best current practice * how to conduct a cash management study * how to implement efficient procedures and support systemsTrade Review"...it serves as a useful reference guide or as an introduction to newer members of the treasury team." (Corporate Finance)Table of ContentsWhat is cash management and why is it important? Trends in cash management The inflow of funds to the corporation The outflow of funds from the corporation Clearing, payments and receipts Introduction to cash pooling Efficient international bank account management Active liquidity management From vision to contract Successful implementation Index
£90.25
John Wiley & Sons Inc ValueBased Management
Book SynopsisThe business management trend of Value-Based Management (VBM) and the related area of Shareholder Value are attracting interest. This text provides a critical look at the success and failure of VBM; its development, the principles on which it is based, and the techniques that it involves.Table of ContentsIntroduction (G. Arnold & M. Davies). THE STATE OF VBM KNOWLEDGE: THEORY AND EVIDENCE. Tracing the Development of Value-Based Management (G. Arnold). Value-Based Management in Practice: A Critical Review (M. Davies). CHALLENGING SHAREHOLDER WEALTH MAXIMISATION. A Minifesto for Corporate Myopia (C. Carter & S. Conway). Shareholder Wealth or Societal Welfare: A Stakeholder Perspective (S. Cooper). The Dialectics of Corporate Value Measurement (D. Crowther). APPLYING VALUE-BASED MANAGEMENT. The Cost of Capital and Shareholder Value (J. Rutterford). Value-Based Metrics as Divisional Performance Measures (G. Francis & C. Minchington). Behavioural Impediments to Value-Based Management (J. Byrd, et al.). Lessons from Practice: VBM at Lloyds TSB (M. Davies). Making Value-Based Management a Way of Life (L. Kamhi). Shareholder Value in Banking (P. Molyneux). MEASURING VALUE: SOME CRITICAL PERSPECTIVES. A Review of Accounting and VBM Alternatives (J. Forker & R. Powell). Approaches to Value-Based Performance Measurement (J. Drukarczyk & A. Schueler). VBM: A New Insight into the Goodwill Dilemma? (G. Owen). Does Accounting Practice Undermine Value-Based Measurement? (M. Whittington). Index.
£85.50
John Wiley & Sons Inc Practical Risk Assessment for Project Management
Book SynopsisThis handbook presents simple techniques for the analysis and management of risk and uncertainty. Primarily for those in IT but of relevance to any project-based business, the text assumes no more than a basic knowlege of Lotus 123 or Excel.Table of ContentsProject Risk Assessment. Modelling and Simulation. Cost Risk. Schedule Risk. Business Forecast Risk. Alternative Techniques and Tools. References. Index.
£56.00
John Wiley & Sons Inc Managing at the Speed of Change
Book SynopsisAn indispensable source for anyone who needs to implement business decisions on time and within budget. In todaya s ever--fluctuating world, ita s not enough to recognize that you and the way you do business need to change. You must know how to make changes quickly, effectively and economically or you are bound to fail.Table of ContentsTHE SPEED OF CHANGE. Resilience and the Speed of Change. The Beast. THE CHANGE IMPERATIVE. Welcome to Day Twenty-Nine. Future Shock Is Here. LESSONS BURIED IN THE MYSTERY. The Nature of Change. The Process of Change. The Roles of Change. Resistance to Change. Committing to Change. Culture and Change. ONE PLUS ONE IS GREATER THAN TWO. Prerequisites to Synergy. The Synergistic Process. THE NATURE OF RESILIENCE. Unseen Mechanisms. Responding to the Crisis of Change. Enhancing Resilience. OPPORTUNITIES AND RESPONSIBILITIES. The Ethical Ploy. Epilogue. Index.
£37.99
John Wiley & Sons Inc Beyond Value at Risk The New Science of Risk
Book SynopsisBeyond Value at Risk The New Science of Risk Management A Comprehensive Guide to Value at Risk and Risk Management Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool -- but is also used by regulators for banks and finance houses.Table of ContentsINTRODUCTION TO VAR. The Risk Management Revolution. VaR Basics. DIFFERENT APPROACHES TO MEASURING VAR. The Variance-Covariance Approach. The Historical Simulation Approach. Monte Carlo Simulation and Related Approaches. Stress Testing. RISK MANAGEMENT. Risk-Adjusting Returns and Evaluating Performance. Decision Making. Credit Risk. Liquidity, Operational and Legal Risks. Allocating Capital. Firm-Wide Risk Management. Glossary of Main Terms. Bibliography. Indexes.
£64.59
John Wiley and Sons Ltd The Barclays Guide to Financial Management for
Book SynopsisThis is a guide to financial management written particularly for people either thinking of setting up a small business or actually running one.Table of Contents1. Overview. 2. The Financial Statements. 3. Forecasting and Budgeting. 4. Monitoring Procedures and Control Systems. 5. Costing and Pricing. 6. Bookkeeping. 7. Raising Finance. 8. Summary. 9. Glossary of Terms. 10. Useful Additional Reading.
£25.49
John Wiley and Sons Ltd Financial Management in the New Europe
Book SynopsisA guide to financial management under adopted and proposed EC initiatives. Topics covered include a survey of EC measures concerning corporate finance, investment patterns and decisions in a single European market, tax laws, tax treaties and tax management, and capital structure decisions.Table of ContentsCorporate finance in a European environment; survey of EC measures concerning corporate finance; from EMS to EMU; investment patterns and decisions in a single European market; European financial institutions and markets; capital structure decisions in a single European market; stockholder relations, investor information and dividend policy; volatilities and exposures in markets for stocks, bonds and foreign exchange; mergers and acquisitions in a single European market; tax laws, tax treaties and tax management.
£55.05
John Wiley and Sons Ltd ContinuousTime Finance
Book SynopsisMerton provides an overview and synthesis of finance theory from the perspective of continuous-time analysis. He covers individual financial choice, corporate finance, financial intermediation, capital markets and selected topics on the interface between private and public finance.Trade Review"The thoughtful way in which the book is organized, the connective sections, and the fullness of this remarkable scholar's accomplishments, succeed in making this collection into a watershed event in finance. It is a testament to how much of modern finance he has formulated, advanced, and, in a meaningful sense, brought to a satisfactory completeness. Modern finance has much to do, but it can do no better than to add to what Merton has already done, and I recommend this book to all who wish to learn what finance has been up to for the past two decades." Stephen Ross, Journal of Finance "I do not see how one can undertake research in intertemporal asset-pricing under uncertainty without studying very carefully the past and present work of Robert C. Merton. Accordingly, Basil Blackwell has done the academic and non-academic finance community a great service by publishing this book." Michael Selby, The Economic Journal "A coherent text that represents a bible on continuous-time finance. Anyone with an interest in financial economics will be aware of the outstanding achievements of Robert C. Merton. To these individuals the book will come as no disappointment. It will undoubtedly be a classic reference on continuous-time finance for many years to come." The Manchester School "John Maynard Keynes alludes to economics in the following terms ...'the delightful paths of our own most agreeable branch of moral sciences, in which theory and fact, intuitive imagination and practical judgment, are blended in a manner comfortable to the human intellect.' Robert C. Merton's Continuous-time Finance, which comes to us more than 20 years after his first paper appeared, squarely fits this description." Suresh Sundaresan, Columbia University, The Review of Financial StudiesTable of ContentsForeword by Paul A. Samuelson. Preface. . Part I: Introduction to Finance and the Mathematics of Continuous-time Models:. 1. Modern Finance. 2. Introduction to Portfolio Selection and Capital Market Theory: Static Analysis. 3. On the Mathematics and Economic Assumptions of Continuous-time Financial Models. Part II: Optimum Consumption and Portfolio Selection in Continuous-time Models:. 4. Lifetime Portfolio Selection under Uncertainty: The Continuous-time Case. 5. Optimum Consumption and Portfolio Rules in a Continuous-time Model. 6. Further Developments in Theory of Optimal Consumption and Portfolio Selection. Part III: Warrant and Option Pricing Theory:. 7. A Complete Model of Warrant Pricing that Maximizes Utility. 8. Theory of Rational Option Pricing. 9. Option Pricing when Underlying Stock Returns are Discontinuous. 10. Further Developments in Option Pricing Theory. Part IV: Contingent-Claims Analysis in the Theory of Corporate Finance and Financial Intermediation:. 11. A Dynamic General Equilibrium Model of the Asset Market and its Application to the Pricing of the Capital Structure of the Firm. 12. On the Pricing of Corporate Debt: The Risk Structure of Interest Rates. 13. On the Pricing of Contingent Claims and the Modigliani-Miller Theorem. 14. Contingent Claims Analysis in the Theory of Corporate Finance and Financial Intermediation. Part V: An Intertemporal-Equilibrium Theory of Finance:. 15. An Intertemporal Capital Asset Pricing Model. 16. A General Equilibrium Theory of Finance in Continuous Time. Part VI: Applications of the Continuous-Time Model to Selected Issues in Public Finance:. 17. An Asymptotic Theory of Growth Under Uncertainty. 18. On Consumption-Indexed Public Pension Plans. 19. An Analytic Derivation of the Cost of Loan Guarantees and Deposit Insurance. 20. On the Cost of Deposit Insurance when there are Surveillance Costs. 21. Optimal Investment Strategies for University Endowment Funds. Bibliography. Author Index. Subject Index.
£61.70
John Wiley and Sons Ltd Company Financial Reporting
Book Synopsisaeo Examines company financial reporting from the non--financial perspective of the generalist. aeo Takes a critical, analytical and discursive approach to company reporting. aeo Includes real life company financial statements and reports.Table of ContentsPreface. 1. Introduction. 2. Regulatory Framework of Company Reporting. 3. Format of Financial Statements. 4. Verification of Financial Statements. 5. Profit and Loss. 6. Balance Sheet. 7. Directors' Report and Operating Financial Review. 8. Cash Flow. 9. Analysis of Financial Statements. 10. Taxation and Foreign Currency in Financial Statements. 11. Group Accounts. 12. Statement of Principles. 13. International Influences on Company Reporting. 14. Conclusion. Index.
£28.49
John Wiley and Sons Ltd Managing International Political Risk
Book Synopsisaeo Offers unique, contemporary coverage of political risk in business. aeo Contains strategies from practitioners in key corporations on how to offset political risk in business. aeo Includes evidence and case studies from the Big Emerging Markets.Trade Review"This book analyzes the 'new' political risks throughly and intelligently and fills a large gap in hte literature." Stephen J. Kobrin, Director, Louder Institute, Wharton "A practical guide to assessing, mititgating, and transferring political risks showing how novel deal structures and innovative use of financial markets can take the place of explicit guarantees." Donald Lessard, Sloan School of Management "'Must' reading for anyone involved in international investment as corporate executive, as a government policymaker, or as a student." Geza Feketekuty, Director, Center for Trade and Commercial Diplomacy, Monterey InstituteTable of ContentsIntroduction: . The Growing Role of Foreign Direct Investment in the Developing Countries and the Economies-in-Transition. Win-Win Benefits for Home Countries. Obstacles to Foreign Direct Investemtn. Part I: The Changing Nature of Political Risk: . Overview:. Old and New Sources of Political Risk. The Quantification of Political Risk Assessment. A Persistent Vulnerability to the Obsolescing Bargain. The Inadequacy of Conventional Investor Responses to the "Obsolescing Bargain". Questions and Concerns for the Future. 1. God and Fair Competition: Does the Foreign Direct Investor Face Still Other Risks in Emerging Markets?: Louis T. Wells, Jr. (Harvard University). 2. Trends in Political Risk for Corporate Investors: Sandy Markwick (Control Risks Group). 3. Political Risk: A Realistic View Toward Assessment, Quantification and Mitigation: William T. Irwin (Amoseas Indonesia/ Chevron). Part II: Lessons in the Management of International Political Risk from the Natural Resource and Private Infrastructure Sectors: . Overview:. Project Finance and Political Risk. Project Finance, Political Risk and the "Umbrella" of Multilateral Lending Institutions. The International Finance Corporation (IFC) and the "Umbrella" of Protection. Against Political Risk. Limitations to the Expanded Use of Multilateral Guarantee Programs. Risk/Return Management in Infrastructure Projects in Emerging Markets. Enhanced Credit-Rating from Securitization of Export Receivables and Rights to Future Financial Flows. The Pros and Cons of Choosing Project Finance Over Equity. The Cutting Edge of New "Deal Structures". Questions and Concerns for the Future. 4. Lessons in the Management of Political Risk: Infrastructure Projects: Robert B. Shanks (Morrison & Foerster LLP). 5. Progress in Privatizing Infrastructure in Emerging Markets: Timothy J. Faber (GE Capital). 6. Rating Debt Issues Secured by Offshore Receivables: Patrice M. Jordan (Standard & Poor's). 7. Challenges in the Financing of International Oil Operations: Andrea L. Macdonald (Exxon Exploration Company). 8. New Forms of Protection for International Power Investors: Linda F. Powers (Enron International). Part III: Political Risk Insurance as a Tool to Manage International Political Risk:. Overview: . Complementary Roles for Public and Private Sector Insurers. A Growing Role for Multilateral Investment Guarantees and Political Risk Insurance. New Forms of Cooperation Between Public and Private Sector Insurers. The Use of Political Risk Insurance by Banks and Other International Lenders. Political Risk and Political Risk Insurance in the Future. Questions and Concerns for the Future. 9. A Perspective on Political Risk Insurance: Malcolm Stephens CF (Berne International Union). 10. The Future of Private Political Risk Insurance: John J. Salinger (American International Group). 11. Political Risk Insurance, International Banks and Other International Lenders: Robert H. Malleck (Citicorp Securities, Inc.). 12. The Challenges of Aggregation, Bad Faith/Bad Credit and Public/Private Sector Cooperation: Charles Berry (Berry, Palmer & Lyle Ltd). Index.
£67.49
John Wiley and Sons Ltd Managing International Political Risk
Book SynopsisAnalyzes the changing nature of threats to international investment in the BEM's - Big Emerging Markets - such as China, Brazil, Russia, Pakistan, India, Venezuela, Vietnam, and Philippines. This book examines the strategies developed by investors and lenders to deal with political risk in large oil, mining, and private infrastructure projects.Trade Review"This book analyzes the 'new' political risks throughly and intelligently and fills a large gap in hte literature." Stephen J. Kobrin, Director, Louder Institute, Wharton "A practical guide to assessing, mititgating, and transferring political risks showing how novel deal structures and innovative use of financial markets can take the place of explicit guarantees." Donald Lessard, Sloan School of Management "'Must' reading for anyone involved in international investment as corporate executive, as a government policymaker, or as a student." Geza Feketekuty, Director, Center for Trade and Commercial Diplomacy, Monterey InstituteTable of ContentsIntroduction: . The Growing Role of Foreign Direct Investment in the Developing Countries and the Economies-in-Transition. Win-Win Benefits for Home Countries. Obstacles to Foreign Direct Investemtn. Part I: The Changing Nature of Political Risk: . Overview:. Old and New Sources of Political Risk. The Quantification of Political Risk Assessment. A Persistent Vulnerability to the Obsolescing Bargain. The Inadequacy of Conventional Investor Responses to the "Obsolescing Bargain". Questions and Concerns for the Future. 1. God and Fair Competition: Does the Foreign Direct Investor Face Still Other Risks in Emerging Markets?: Louis T. Wells, Jr. (Harvard University). 2. Trends in Political Risk for Corporate Investors: Sandy Markwick (Control Risks Group). 3. Political Risk: A Realistic View Toward Assessment, Quantification and Mitigation: William T. Irwin (Amoseas Indonesia/ Chevron). Part II: Lessons in the Management of International Political Risk from the Natural Resource and Private Infrastructure Sectors: . Overview:. Project Finance and Political Risk. Project Finance, Political Risk and the "Umbrella" of Multilateral Lending Institutions. The International Finance Corporation (IFC) and the "Umbrella" of Protection. Against Political Risk. Limitations to the Expanded Use of Multilateral Guarantee Programs. Risk/Return Management in Infrastructure Projects in Emerging Markets. Enhanced Credit-Rating from Securitization of Export Receivables and Rights to Future Financial Flows. The Pros and Cons of Choosing Project Finance Over Equity. The Cutting Edge of New "Deal Structures". Questions and Concerns for the Future. 4. Lessons in the Management of Political Risk: Infrastructure Projects: Robert B. Shanks (Morrison & Foerster LLP). 5. Progress in Privatizing Infrastructure in Emerging Markets: Timothy J. Faber (GE Capital). 6. Rating Debt Issues Secured by Offshore Receivables: Patrice M. Jordan (Standard & Poor's). 7. Challenges in the Financing of International Oil Operations: Andrea L. Macdonald (Exxon Exploration Company). 8. New Forms of Protection for International Power Investors: Linda F. Powers (Enron International). Part III: Political Risk Insurance as a Tool to Manage International Political Risk:. Overview: . Complementary Roles for Public and Private Sector Insurers. A Growing Role for Multilateral Investment Guarantees and Political Risk Insurance. New Forms of Cooperation Between Public and Private Sector Insurers. The Use of Political Risk Insurance by Banks and Other International Lenders. Political Risk and Political Risk Insurance in the Future. Questions and Concerns for the Future. 9. A Perspective on Political Risk Insurance: Malcolm Stephens CF (Berne International Union). 10. The Future of Private Political Risk Insurance: John J. Salinger (American International Group). 11. Political Risk Insurance, International Banks and Other International Lenders: Robert H. Malleck (Citicorp Securities, Inc.). 12. The Challenges of Aggregation, Bad Faith/Bad Credit and Public/Private Sector Cooperation: Charles Berry (Berry, Palmer & Lyle Ltd). Index.
£33.20
John Wiley and Sons Ltd The Blackwell Encyclopedic Dictionary of
Book SynopsisProviding definitions and explanations covering the whole field of managerial economics, this work has been designed to give both the expert and the newcomer overviews and presentations of important issues in modern managerial economics.Table of ContentsPreface. List of Contributors. Dictionary Entries A-Z. Index.
£43.69
John Wiley and Sons Ltd Cost Control in Building Design
Book SynopsisCost control and cost planning are an integral part of quantity surveying and construction management courses. This new book on building design uses programmed learning to demonstrate the ideas of cost control and cost planning, from first principles through practice. Worked examples are used throughout the concise and easily accessible text.Table of ContentsThe importance of control over expenditure; The purpose of cost control; The principles of cost control; Traditional costing procedure; Cost control during inception, feasibility, outline proposals; Cost control during scheme design; During detail design; Test
£55.05
Wiley Financial Management for Farmers and Rural
Book SynopsisThis book is a practical guide to all aspects of financial management in the smaller business. Although the prime focus is on owners and managers of farm businesses and farm diversifications, it is equally valuable for other types of rural business and organisation. It has proved popular on degree and diploma courses in Rural Resource Management, Countryside Management and Rural Estate Management, as well as those concerned with Agriculture. In this fourth edition, increased emphasis has been given to general accounting principles and techniques, especially those of management accounting, cost-volume-profit and break-even analysis and pricing. While maintaining and strengthening the farm business focus, the new edition also better accommodates the needs of non-agricultural enterprises, including service and manufacturing businesses and non-profit organisations such as Wildlife Trusts.Table of ContentsPart 1 Basic Issues: Why bother?; In the beginning...; Building a framework; Cash Flow, Profit and Capital: Cash flow; Net Profit; Profit statements; Capital; Capital Statements; Depreciation; Interpretation of Financial Accounts: Adjusting for realism; Interpreting the profit and loss account; Interpreting the balance sheet; Management Accounts: Management versus financial accounts; Gross margin accounts; Full cost accounts; Allowing for cost behaviour; Pricing; Variations from the Norm: Farm management accounting; Partnerships and companies; Voluntary/non-profit organizations; Part 2: Basic Budgeting: A profit budget: Introduction; Compiling a profit budget; Home Farm profit budget; A Cash Flow Budget for the Whole Farm: Basic principles; Value Added Tax and overdraft interest; Cash flow budgets in practice; Reconciling cash flow and profit; A Budgeted Balance Sheet: Compiling the budget; A budgeted balance sheet for Home Farm; Budgeting for Incremental Change: Relevant costs and benefits; Partial budgets; Part 3 Financial History: Recording Cash Flow: Designing a cash recording system; The cash analysis system; Petty cash; Statutory records; Recording Profit and Capital: Preparing a profit and loss account; Valuing stocks; Recording capital; The 'Back-up' Records: Introduction; Transaction records; Physical records; Stock control; Background records; Organizing paperwork; Post-script; Part 4: Controlling the Business: Monitoring Cash Flow: Why monitor cash flow?; Comparison of actual and budgeted results; Interpreting the results; Annual cash flow monitoring; Monitoring Profit and Capital: The importance of monitoring profit; Comparison with previous years; Inter-farm comparisons (1): conventional profit and loss account; inter-farm comparisons (2): profit and loss accounts in enterprise account form; Budgetary comparisons; Variance analysis; profit monitoring for Home Farm; Monitoring capital; Part 5: More on Planning and Control: The Planning Process - A Wider View: Tactics and strategy; The mission; Setting aims and objectives; Assessing 'internal' characteristics and external environment; Generating alternative plans; Selecting the optimal plan; Implementing and monitoring the selected plan; Involving other members of the organization; Planning for Livestock Enterprises: Introduction; Feeding livestock; Allocation of forage costs; Estimating potential production; Replacement of breeding livestock; Livestock with long production cycles; Labour and Machinery Planning in Farming: Introduction; Estimating level of use; Estimating labour and machinery costs; Investigating alternatives; Capital Planning: Introdiction; Sources of capital; Estimating the cost of capital; Comparing alternative uses of capital (1): simple measures; Comparing alternative uses of capital (2): discounted cash flow techniques; Allowing for Risk and Uncertainty: Introduction; Allowing for risk and uncertainty in planning; Risk and investment appraisal; Allowing for Inflation: Introduction; Inflation and financial accounts; Inflation and management accounts; Inflation and planning; Inflation and investment appraisal; Appendix A. Personal Computers in Management: A.1 Introduction; A.2 Computers and farming; A.3 General business applications
£64.76
Kogan Page Ltd Executive Finance and Strategy
Book SynopsisRalph Tiffin is a Senior Statutory Auditor with McLachlan+Tiffin and Director of Tiffins.com training and consultancy where he he boasts an impressive array of clients including BT, Bank of China, Telekom Malaysia and Deutsche Bank. He is author of a range of texts on financial management and is a member of ICAEW, ACCA, ICAS, IMechE and the IOD where he regularly delivers workshops and seminars. He has previously lectured for several UK universities including Strathclyde Business School and Edinburgh Napier.Trade Review"getAbstract recommends his basic compilation to non-financial managers and executives seeking full access to the valuable information inside corporate financial reports." * getAbstract, Inc. *Table of Contents Chapter - 00: Introduction; Chapter - 01: What is strategy? What does financial strategy mean?; Chapter - 02: Financial strategy: why be in business?; Chapter - 03: Basic financial reports and concepts; Chapter - 04: What underpins financial statements?; Chapter - 05: Accounting ‘rules’: how accounting theory and rules affect the strategic numbers; Chapter - 06: Published or statutory accounts; Chapter - 07: Interpreting financial statements; Chapter - 08: Cash: the vital element; Chapter - 09: Management accounting: internal reports and business models; Chapter - 10: Budgeting; Chapter - 11: Investment appraisal: investment strategy; Chapter - 12: Structural or pure financial strategies; Chapter - 13: Summary
£33.24
Kogan Page Ltd Bids Tenders and Proposals
Book SynopsisHarold Lewis is a writer, editor and independent consultant with more than 30 years' professional experience of working with businesses of all kinds and with private and public sector clients. He has written over 300 successful bids and proposals, including successful bids for contracts from private and public sector organizations. His responsibilities have included the role of Senior Consultant, Terms of Reference Expert and Proposal Evaluator on EC-funded technical assistance programmes. He has participated as a member of technical teams undertaking overseas projects funded by international, regional and bilateral development agencies, including the World Bank, Asian Development Bank, UNDP and DfID. He is also the Institute of Directors' specialist advisor on competitive bidding and tendering.Table of Contents Chapter - 01: Bidding to succeed; Chapter - 02: Bidding for public sector contracts; Chapter - 03: Tendering for the private sector; Chapter - 04: Bidding for research funding Chapter - 05: Tendering for international development contracts; Chapter - 06: Pre-qualifying for tender opportunities; Chapter - 07: Deciding whether or not to bid; Chapter - 08: Analysing the tender documents; Chapter - 09: Managing the bid; Chapter - 10: Talking to the client; Chapter - 11: Bidding in partnership; Chapter - 12: Thinking the work through; Chapter - 13: Developing and writing the bid; Chapter - 14: Explaining approach and method; Chapter - 15: Focusing on contract management; Chapter - 16: Defining outcomes and deliverables; Chapter - 17: Communicating added value; Chapter - 18: Presenting CVs; Chapter - 19: Describing professional experience; Chapter - 20: Making good use of graphics; Chapter - 21: Stating your piece; Chapter - 22: Electronic and hard-copy submission; Chapter - 23: Understanding how clients evaluate tenders; Chapter - 24: Presentations to clients; Chapter - 25: True stories
£37.99
Kogan Page Ltd The Inventory Toolkit
Book SynopsisGeoff Relph has extensive experience in inventory and business systems management in the operational, consulting and academic sectors. He is an associate lecturer at the Warwick Manufacturing Group, University of Warwick, UK, and delivers modules for the MSc Programme in the UK and internationally.Catherine Milner is a chartered engineer and project manager with experience working in aerospace, petrochemicals and telecommunications. She has managed many successful projects on electronic data exchange with customers, forecasting, MRP, supply chain management, and business process re-engineering. She is a managing consultant, and a visiting lecturer at the University of Warwick.Trade Review"Every inventory manager worth their salt should be working with this book. It has a thorough explanation of the history of inventory management analysis tools, but crucially what they do and how to use them. The Excel examples with formulas are excellent and raises the bar for Inventory analysis texts." * Sophie Damoglou, Supply Chain Manager, Icomera *"The Inventory Toolkit examines the three core pillars of inventory management, namely planning, control and balance and takes the reader through each process providing excellent tools and examples to highlight issues and provide solutions. Forecasting and managing inventory is like walking a tightrope - you need to plan, control what you're doing and your surroundings and keep your balance - this book ensures that your journey is made as easy as possible. Using excellent case studies and problem-solving techniques, this book brings the subject of inventory management to life." * Gwynne Richards, Lecturer at Warwick and Hong Kong Polytechnic University, author of Warehouse Management *"Inventory planning has always been a fundamental element of logistics management. However, in today's volatile and uncertain business environment it has become even more critical - too much inventory means that costs and risk increase, too little and sales are lost. This book offers clear and practical guidance on how to achieve a better balance between supply and demand to enable the achievement of higher service levels at less cost." * Martin Christopher, Emeritus Professor of Marketing & Logistics, Cranfield University, UK *Table of Contents Chapter - 00: Introduction; Chapter - 01: Introduction to inventory management; Chapter - 02: Business systems and business; Chapter - 03: Inventory balancing and control; Chapter - 04: The complexity of inventory management within business systems; Chapter - 05: Stack and flow inventories; Chapter - 06: Traditional thinking in inventory optimization; Chapter - 07: k-curve methodology; Chapter - 08: The practical application of k-curve; Chapter - 09: Case study examples of k-curve planning approach; Chapter - 10: Review, summary and what to do next; Chapter - 11: Appendix A; Chapter - 12: Appendix B; Chapter - 13: Appendix C; Chapter - 14: Useful websites; Chapter - 15: Index;
£42.74
Kogan Page Ltd Supply Chain Finance
Book SynopsisWendy Tate is the William J. Taylor Professor of Business and Cheryl Massingale Faculty Research Fellow, Department of Supply Chain Management at the Haslam College of Business, University of Tennessee in Knoxville, Tennessee.Lydia Bals is Professor of Supply Chain & Operations Management at Mainz University of Applied Sciences, Germany and Visiting Professor at the Department of Strategy & Innovation, Copenhagen Business School, Denmark. Lisa M. Ellram is the Rees Distinguished Professor of Supply Chain Management in the Department of Management at the Farmer School of Business, Miami University in Oxford, Ohio.Trade Review"Supply Chain Finance is the first comprehensive treatment of this topic that I've seen, and it comes at a perfect time as business is poised to move from hype to reality. The book provides an excellent compilation of leading thought from experts in the field, and it offers a wonderful blend of theory and practice, with great case studies. It's a must read for managers and academics interested in this area." * Morgan Swink, Executive Director of TCU Center for Supply Chain Innovation, US *"Supply Chain Finance is a great insight into supply chain finance (SCF) both from an academics and a practitioner perspective. The book provides a comprehensive view on the SCF definition and the research status quo before SCF concepts and applications are presented." * Daniel Vollath, Managing Director, Strategy, Operations, Sourcing and Procurement, Accenture, Germany *"This book provides a rich perspective on SCF, broadening the scope to embrace all solutions and to optimize working capital at supply chain level, balancing the academic and the managerial perspective. The various contributions provide different and complementary views on this broad landscape, providing the reader with rich insights and advanced knowledge." * Prof. Federico Caniato, Politecnico di Milano, Italy *"A book that is long overdue and not only for supply chain professionals to better understand the financial aspects of supply chain management, but certainly also for finance departments to understand the impact of supply chain management better. Supply chain management matters." * Prof. Britta Gammelgaard, Copenhagen Business School, Denmark *"Supply Chain Finance is a topic still in its infancy, despite its great relevance to both practitioners and researchers. The average level of knowledge of managers is still often limited, resulting in confusion about terms, definitions, areas of interest and impacts for different business units. This book certainly represents an excellent work of systematization of the existing knowledge, able to offer a clear picture of the historical evolution and of the practical implications of Supply Chain Finance. The ability to blend scientific and methodological rigor and practical impact is a major value. Through the illustration of successful business cases, the book illustrates, in an excellent way, the impacts in terms of supply chain management, cash flow management, risk management and accounting management." * Antonella Moretto, Assistant Professor, Politecnico di Milano, Italy *Table of Contents Chapter - 01: Supply chain finance – Solutions for financial sustainability, risk management and resilience in the supply chain; Chapter - 02: Supply chain finance – History and future directions; Chapter - 03: Suppliers, customers, and firms' financial decisions; Chapter - 04: Supply chain finance – Definition, modern aspects and research challenges ahead; Chapter - 05: Optimizing cash flows for a retail supply chain coordinator; Chapter - 06: Supply chain finance opportunities by managing payables discounts; Chapter - 07: Mapping and managing the financial supply chain; Chapter - 08: Supply chain finance and cyber risk – An illustrative case study; Chapter - 09: Commodity risk management at BMW – Price indices and contracts; Chapter - 10: A business partners' view on decision-making challenges in the supply chain; Chapter - 11: Exploring fragmentation in the supply chain finance (SCF) ecosystem; Chapter - 12: Foundational premises and value drivers of blockchain-driven supply chains – The trade finance experience
£52.24
Kogan Page Ltd Supply Chain Finance
Book SynopsisWendy Tate is the William J. Taylor Professor of Business and Cheryl Massingale Faculty Research Fellow, Department of Supply Chain Management at the Haslam College of Business, University of Tennessee in Knoxville, Tennessee.Lydia Bals is Professor of Supply Chain & Operations Management at Mainz University of Applied Sciences, Germany and Visiting Professor at the Department of Strategy & Innovation, Copenhagen Business School, Denmark. Lisa M. Ellram is the Rees Distinguished Professor of Supply Chain Management in the Department of Management at the Farmer School of Business, Miami University in Oxford, Ohio.Trade Review"Supply Chain Finance is the first comprehensive treatment of this topic that I've seen, and it comes at a perfect time as business is poised to move from hype to reality. The book provides an excellent compilation of leading thought from experts in the field, and it offers a wonderful blend of theory and practice, with great case studies. It's a must read for managers and academics interested in this area." * Morgan Swink, Executive Director of TCU Center for Supply Chain Innovation, US *"Supply Chain Finance is a great insight into supply chain finance (SCF) both from an academics and a practitioner perspective. The book provides a comprehensive view on the SCF definition and the research status quo before SCF concepts and applications are presented." * Daniel Vollath, Managing Director, Strategy, Operations, Sourcing and Procurement, Accenture, Germany *"This book provides a rich perspective on SCF, broadening the scope to embrace all solutions and to optimize working capital at supply chain level, balancing the academic and the managerial perspective. The various contributions provide different and complementary views on this broad landscape, providing the reader with rich insights and advanced knowledge." * Prof. Federico Caniato, Politecnico di Milano, Italy *"A book that is long overdue and not only for supply chain professionals to better understand the financial aspects of supply chain management, but certainly also for finance departments to understand the impact of supply chain management better. Supply chain management matters." * Prof. Britta Gammelgaard, Copenhagen Business School, Denmark *"Supply Chain Finance is a topic still in its infancy, despite its great relevance to both practitioners and researchers. The average level of knowledge of managers is still often limited, resulting in confusion about terms, definitions, areas of interest and impacts for different business units. This book certainly represents an excellent work of systematization of the existing knowledge, able to offer a clear picture of the historical evolution and of the practical implications of Supply Chain Finance. The ability to blend scientific and methodological rigor and practical impact is a major value. Through the illustration of successful business cases, the book illustrates, in an excellent way, the impacts in terms of supply chain management, cash flow management, risk management and accounting management." * Antonella Moretto, Assistant Professor, Politecnico di Milano, Italy *Table of Contents Chapter - 01: Supply chain finance – Solutions for financial sustainability, risk management and resilience in the supply chain; Chapter - 02: Supply chain finance – History and future directions; Chapter - 03: Suppliers, customers, and firms' financial decisions; Chapter - 04: Supply chain finance – Definition, modern aspects and research challenges ahead; Chapter - 05: Optimizing cash flows for a retail supply chain coordinator; Chapter - 06: Supply chain finance opportunities by managing payables discounts; Chapter - 07: Mapping and managing the financial supply chain; Chapter - 08: Supply chain finance and cyber risk – An illustrative case study; Chapter - 09: Commodity risk management at BMW – Price indices and contracts; Chapter - 10: A business partners' view on decision-making challenges in the supply chain; Chapter - 11: Exploring fragmentation in the supply chain finance (SCF) ecosystem; Chapter - 12: Foundational premises and value drivers of blockchain-driven supply chains – The trade finance experience
£148.50
John Wiley & Sons Inc Handbook of Government Budgeting
Book SynopsisFor both accounting professionals and general managers, this reference is aimed at managers in government who need to know how the government budgeting process works, where it doesn't work, and how it can be improved.Trade Review"Handbook of Government Budgeting not only covers traditionalground but the cutting edge of contemporary budget issues. For theinstructor, this book provides a valuable new source of analysis ofboth familiar issues and newer areas that are of increasingimportance. For the practitioner, the book provides an excellentsource of authoritative information across a wide range ofspecialties. Roy Meyers has included authors who have been pioneersin the development of new budgetary techniques, and whose work isnormally available only to insiders." (David G. Mathiasen, formersenior executive, White House Office of Management and Budget andthe U.S. General Accounting Office) "Handbook of Government Budgeting represents a well-thought-outdesign which will support most standard textbooks in the field. Itfeatures well-written works by many of today's best budgetthinkers: individuals who are at the cutting edge of many budgetingareas. This stimulating book will be of great value to bothundergraduate and graduate budgeting courses and to practitionerswho have an interest in current budgetary thinking. ProfessorMeyer's contribution should serve our field well for a number ofyears." (Richard E. Zody, professor, Department of Urban Affairsand Planning, and director, Institute for Public Management,Virginia Polytechnic Institute & State University) "This is a fine text for guiding novitiates and seasoned budgetersalike through the vast variety of disciplines that make up theworld of budget and finance. The book strikes an effective balancebetween essential technical processes and the political realitiesembedded in spAnding the public's money." (Karen A. Stanford,executive director, Florida Commission on Government Accountabilityto the People)Table of ContentsAN OVERVIEW OF GOVERNMENT BUDGETING. Features of the Budgetary Process (J. McCaffery). Understanding the Role of Conflict in Budgeting (I. Rubin). Financial Management Reform in the Federal Government (L. Jones& J. McCaffery). Budgetary Management in the United States and in Australia, NewZealand, and the United Kingdom (A. Premchand). CREDIT MARKETS, THE ECONOMY, AND BUDGET BALANCING. Understanding and Using Government Financial Statements (J.Engstrom). The Changing World of State and Local Debt Finance (M. Hackbart& J. Ramsey). State and Local Government Budgeting: Coping with the BusinessCycle (M. Wolkoff). The Federal Budget and Economic Management (V. Ooms, et al.). The Rhetoric and Reality of Balancing Budgets (N. Caiden). TAXATION IN BUDGETING. The Major Tax Bases (J. Gravelle). Addressing Tax Expenditures in the Budgetary Process (B.Davie). Practical Methods for Projecting Revenues (S. Bretschneider &W. Gorr). The Politics of Taxation (S. Pollack). THE INFORMATIONAL FOUNDATIONS OF BUDGETING. The Bases of Accounting for Budgeting and Financial Reporting (J.Chan). Cost Measurement and Analysis (F. Thompson). Information Technology for Financial Management (R. Miranda). BUDGETING BY INSTITUTIONS. Preparing Agency Budgets (J. Rogers & M. Brown). Examining Budgets for Chief Executives (B. White). Legislatures and Budgeting (R. Meyers). Courts and Fiscal Decision Making (P. Cooper). POLITICS, MANAGEMENT, AND ANALYSIS IN BUDGETING. Cutback Budgeting (J. Savage & H. Schwartz). Strategies for Spending Advocates (R. Meyers). Budget Implementation (R. Handrick & J. Forrester). Performance-Based Budgeting (P. Joyce). Analytical Techniques for Budgeting (M. Mandell). BUDGETING OVER TIME FOR LARGE AMOUNTS. Budgeting for Capital Improvements (R. Bland & W.Clarke). Budgeting for Entitlements (J. White). Budgeting for Contingent Losses (M. Phaup & D.Torregrosa). Conclusion. The Future of Government Budgeting (R. Meyers).
£76.50
John Wiley & Sons Inc TeamBased Fundraising Step by Step
Book SynopsisAlthough nonprofits have adopted a team approach in program delivery and even management, many nonprofits have not used this same successful approach in fundraising. This friendly guide argues for creating a fundraising team that involves board members, executive staff, line staff, and volunteers and gives examples of how such teams can operate effectively. Along the way, the author makes fundraising seem less mysterious and intimidating, and lead the reader to feel confident and enthusiastic about creating a successful fundraising team--no small achievement.--Jan Masaoka, executive director, CompassPoint Services Many nonprofits rely on a lone staff member or volunteer to raise the money they need to sustain or grow their programs. In this insightful resource, leading fundraiser Mim Carlson presents a practical approach to involving the entire organization in fundraising. In doing so, she helps board members, executive directors, and development directors turn their staffTrade Review"Although nonprofits have adopted a team approach in program delivery and even management, many nonprofits have not used this same successful approach in fundraising. This friAndly guide argues for creating a fundraising team that involves board members, executive staff, line staff, and volunteers and gives examples of how such teams can operate effectively. Along the way, the author makes fundraising seem less mysterious and intimidating, and lead the reader to feel confident and enthusiastic about creating a successful fundraising team--no small achievement." --Jan Masaoka, executive director, CompassPoint ServicesTable of ContentsPart One: Creating the Fundraising Team. 1. Why a Team Approach Is Needed. 2. Agreeing on a Team Approach. 3. Forming the Leadership Group. 4. Putting Together the Rest of the Team. Part Two: Getting the Team Ready. 5. Focusing the Team. 6. Setting Fundraising Goals and Objectives. 7. Training the Team. Part Three: The Team in Action. 8. Identifying Potential Donors. 9. Cultivating Donors with Good Communication. 10. Asking for a Gift. 11. Saying Thank You and Providing Stewardship. Part Four: Charting Your Progress as a Team. 12. Evaluating the Progress and Health of Your Team. Conclusion. Resource One: Selecting and Recruiting Board Members. Resource Two: Team Growth Stages.
£27.54
John Wiley & Sons Inc Preparing Capital Campaign WBS 2 JB Fund Raising
Book SynopsisThis workbook examines the preparation phase of a capital campaign, isolating the exact steps that must be taken before the launch. It includes resources for the organization embarking upon a capital campaign and shows how to break down the preparation stage into manageable, practical steps.Trade Review"Marilyn Bancel has written a highly accessible, readable guide toa very complex process, which is no mean feat. Even if you havebeen through a capital campaign before and think you're ready-andespecially if you're new to the capital campaign process-read it!Preparing Your Capital Campaign provides valuable insights andpractical planning tools that will bolster your capacity to take ona campaign's challenge." (Clara Miller, president, NonprofitFinance Fund) "This handy guide is chock full of useful information ready-madefor immediate application. I will heartily recommAnd it to all myclients as a valuable resource that will expedite their learningcurve." (Leo P. Arnoult, president, Arnoult & Associates Inc.,board member, the American Association of Fund-Raising Counsel, andsecretary, AAFRC's Trust for Philanthropy) "A boon to anyone considering a capital campaign. Bancel expertlytransforms a complicated process into an easy-to-understandstep-by-step model for success. The reader is gently but firmlyguided to look deeply into the organization's strengths,weaknesses, and overall readiness for the exciting challenges ofplanning a capital campaign." (Barbara Burgess, executive director,MidPeninsula HomeCare and Hospice Services, Mountain View,California)Table of ContentsPreface. The Author. Introduction: Why Take the Time to Prepare? 1. Understanding the Capital Campaign What Is a Capital Campaign?Forms of Capital Campaigns Examples of Capital Projects The Stagesof a Campaign Do You Really Need a Capital Campaign? When ShouldYour Organization Undertake a Capital Campaign? What's in a Goal?Does Your Organization Cope Well with Risk? 2. Getting the Organization Ready Telling Your Story Putting StrongVolunteer Leadership in Place Evaluating Your Donor and ProspectBase Understanding the Role of Long-Range Planning GettingProfessional Support in Place Establishing Effective CommunicationsChannels Establishing Visibility Paying for Building YourOrganization's Capacity. 3. Launching the Project Testing for Project Readiness Developing aRationale for the Project Getting Buy-In and Commitment fromInternal Constituencies Getting Ready for a Bricks-and-MortarProject What Costs Will We Encounter and When? Obtaining Up-FrontPlanning Costs Answering Important Questions Understanding the Roleof In-Kind Donations. 4. Conducting a Feasibility Study What Is a Feasibility Study? DoYou Need a Study? What You Can Learn from a Study How to Get Readyfor a Feasibility Study How to Time the Study How to Find the RightConsultant Cost of a Feasibility Study Risks of Not Undertaking aStudy Alternatives to a Feasibility Study. 5. Building the Campaign Framework Responding to the Results of theFeasibility Study Deciding Next Steps Setting a Campaign GoalPreparing the Case Statement Testing for Leadership Using the Testto Prepare for Volunteer Training Thanking and AcknowledgingParticipants. 6. Raising Early Funding Determine Early Funding Needs Option One:Campaign for a Seed Fund Option Two: Build a Campaign Chest OptionThree: Establish a Loan Fund Option Four: Establish a CombinationLeadership Fund and Loan Fund Option Five: Use Public Bond Fundsor? Tax-Exempt? Financing Option Six: Use Private Bond Funds OptionSeven: Get Creative. 7. Looking Ahead Resources Top Ten Reasons Campaigns FailEstimating the Costs of Fund Raising Sample Expenses for aThree-Year $3 Million Capital Campaign Organizations ReferencesUseful Publications.
£33.24
John Wiley & Sons Inc Conducting a Successful Annual Giving Program
Book SynopsisBringing together over 50 years of annual fund experience, masterfundraiser Kent E. Dove has joined Carolyn P. Madvig and Jeffrey A.Lindauer to bring you a complete guide to planning and managing themost fundamental fundraising strategy: the annual giving program.Conducting a Successful Annual Giving Program, the thirdvolume in the groundbreaking Dove on Fundraising Series,features a wealth of illustrative samples of fundraising tools,many of which have never before been offered in book form.Throughout the book, the authors address the key components of anannual giving program--including telemarketing, direct mail,special events, personal solicitation and matching gifts--andreveal how to integrate each component of the annual giving programinto a coherent, fluid fundraising plan. View an example of a teaching tool available in this title: CourseSyllabus.Trade Review"Conducting a Successful Annual Giving Program gives modern definition and direction to the most traditional and oldest form of fundraising-the annual fund. It begins a new millennium with a fresh, comprehensive approach." --Tim Seiler, director, The Fund Raising School, Indiana University Center on PhilanthropyTable of ContentsPLANNING AND IMPLEMENTING YOUR ANNUAL GIVING PROGRAM. Introduction: Defining the Annual Campaign. Preparing for the Annual Campaign. Developing an Annual Giving Plan. Segmenting Appeals. Testing and Statistical Analysis. Elements of the Annual Campaign. Implementing a Direct Mail Campaign. Sponsoring Special Events. Telemarketing Your Cause. Soliciting Funds in Person. The Annual Fund in Action. Key Program Roles and Responsibilities. Working with Volunteers. Promotions, Communications, and Marketing. Gift Administration and Donor Appreciation. Closing the Campaign and Moving Forward. THE ANNUAL FUND RESOURCE GUIDE. Preparing for the Annual Campaign. Direct Appeal Program. Annual Fund Solicitation Calendar. Web Site Examples. Elements of the Annual Campaign. Annual Fund-Capital Campaign Combined Strategic Goals andCalendar. Corporate Campaign Plan. Corporate Matching Gift Companies. Corporate Matching Gift Guidelines and Application Form. The Annual Fund in Action. Membership Program with Benefits. University Annual Fund Analysis. Annual Fund Survey. Direct Mail Solicitation Package. Gala Event Sample Invitation and Program. Sales and Raffle Event Promotion. "A-Thon" Event Packages. "A-Thon" Team Captain's Kit and Supplies. Entertainment and Show Publicity Pieces. Outing Registration Letter and Materials. Special Events Planning Checklists. Sample Telemarketing Scripts for Lapsed Donors. Telemarketing Objection Packet. Code of Ethics Samples. Fundraising Guidebook. Case Statement Examples. Newsletter Sample. Gift Receipt Templates. Gift Agreement Template. Post-Campaign Assessment Report. Final Report. References. Index.
£57.00
John Wiley & Sons Inc Building Your Endowment WBS JB Fund Raising
Book SynopsisProvides development professionals, executive directors, consultants, and volunteers the information needed to understand and implement an endowment program that will get bottom-line results. Based on the philosophy and teachings of Henry R Rosso, this book offers systemic approaches to developing an endowment fund raising program.Table of ContentsExhibits and Worksheets. Preface. The Author. 1. Understanding Endowment. Unique Characteristics of Endowment Fund Raising. The Bene.ts of Endowment. Ten Reasons Why People Give to Endowment. Endowment Types. Integrating Endowment into Your Fund Raising Program. Endowment Structures and Planned Giving. What’s Next? 2. Assessing Your Readiness. Forming the Endowment Advisory Committee. Evaluating and Building Commitment. Developing the Case Statement. Cornerstones of Endowment Fund Raising. More Important Factors in Endowment-Building Success. Conducting a Feasib ility Study. Study Models. What’s Next? 3. Volunteer and Staff Leadership. Creating Endowment-Building Committees. What to Look for in Staff and Volunteers. De.ning Roles and Responsibilities. Selecting and Recruiting. Board Challenges. Staff Challenges. What’s Next? 4. Building Endowment Systems. Choosing a Fund Raising Approach. Choosing Endowment Types and Structures. Budgeting. Record Keeping. What’s Next? 5. Identifying, Cultivating, and Soliciting Prospects. Developing a Marketing Plan. Articulating the Message. Executing the Plan. Building Relationships. Choosing Cultivation Methods. Unique Characteristics of the Endowment Solicitation. Key Principles of Solicitation. Sequence of Solicitation. What’s Next? 6. Stewardship. Financial Reporting. Providing Exposure to Programs. Encouraging Active Roles. Communicating Regularly and Being Inclusive. Your Ongoing Commitment. A Checklist for Your Complete. Endowment-Building Process. Recommended Resources.
£29.44
John Wiley & Sons Inc Raise More Money
Book SynopsisA collection of the best articles from past 20 years of the Grassroots Fundraising Journal offering nonprofit organizations a wealth of tips, strategies, and guidance on how to raise money. Part of the new Kim Klein''s Chardon Press Series from Jossey-Bass which focuses on providing fundraising and organizational development tools for community-based and social change organizations.Table of ContentsPART 1: Fundraising Principles and Philosophy. Reflections on the Purpose, History, and Future of Philanthropy. Ten Mistakes You Can Avoid. The Perennial Question of Clean and Dirty Money. PART 2: Organizational and Board Development. When Board Members Wriggle Out of Fundraising. Contracts with Board Members:A Working Model. Building Multiracial Organizations. Organizational Development: The Seven Deadly Sins. PART 3: Planning. How to Plan Your Fundraising Strategy. Choosing the Right Fundraising Strategy. Ten Ways to Get More From Your Printing Budget. PART 4: Fundraising Strategies. Articles on: Raising money by mail, Personal Solicitation, and Special Events. PART 5: Fundraising as a Profession. Why People of Color Need to be Good Fundraisers. Why Good Fundraisers Are Never Paid on Commission...and More.
£29.44
John Wiley & Sons Inc Fundraising in Times of Crisis
Book SynopsisWritten by renowned consultant Kim Klein, here is a practical guide to what a nonprofit should do when it finds itself in a crisis. Klein draws on over 25 years of fundraising experience to help troubled groups learn how to identify what is really going on and how to assess the damage.Table of ContentsPreface. Acknowledgments. Introduction: “The Perfect Storm”. 1. Cultural Factors That Lead to Crisis. 2. Are You in a Crisis? 3. Immediate Steps for Managing a Crisis. 4. Mission, Message, and Damage Control. 5. Successful Fundraising During and After a Crisis. 6. Designing Your Short-Term Strategy. 7. Fundraising Strategies for the Next Six to Twelve Months. 8. Fundraising Strategies with Long-Term Payoff. 9. Permanent Course Correction. 10. Conquering Tomorrow’s Crises Today. References. Resources. Index. The Author.
£20.89
MP-SIL Southern Illinois Uni Fiscal Aspects of Aviation Management
Book SynopsisAn introduction to finance from an aviation viewpoint. Following a discussion of financial management and accounting procedures, Robert W. Kaps turns to financial management and sources of financial information. He covers types of business organizations, ethics, debt markets, and more.
£45.00
CABI Publishing Forestry Budgets and Accounts
Book SynopsisFew people who are involved with the management of forests are comfortable with the accounting side of their role. This book is set out in an approachable and structured way, providing clear guidance for students and practitioners on how to proceed. The reader is lead through the subject, building up understanding in a series of steps, covering the methodology and rationale and accompanied by worked examples. Chapters cover the management process, the budgeting steps for profit, cash and capital, recording, accounts construction and appraisal, evaluation of alternative investments, information technology and tax. To avoid confusion, more complex issues are dealt with in a number of appendices.The book is intended for a global audience, since the principles discussed and examples given are universally applicable. It also includes specific appendices relating the content to the USA, Australia and New Zealand. As well as for students the book also provides essential reading for foresters,Table of Contents1: Introduction 2: Budgeting - Step 1: the plan 3: Budgeting - Step 2: profit budget based on cost centres 4: Valuations 5: Depreciation 6: Budgeting - Step 3: cash flow 7: Budgeting - Step 4: budgeted profit and loss statement 8: Budgeting - Step 5: budgeted balance sheet 9: Recording 10: Accounts construction 11: Accounts analysis 12: Appraising investments 13: Finance 14: Taxation 15: Computers and forest accounts 16: Epilogue 17: Appendix A United States Overview 18: Appendix B New Zealand/Australia Overview a: With special appendices on USA and New Zealand/Australia by Norman Elwood, Department of Forest Resources, Oregon State University, United States and Ted Bilek, New Zealand School of Forestry,University of Canterbury, New Zealand
£52.15
Emerald Publishing Limited Advances in Business and Management Forecasting
Book SynopsisIntends to present advanced studies in the application of forecasting methodologies to such areas as sales, marketing, and strategic decision making. This title includes topics such as: sales and marketing, forecasting, new product forecasting, judgmentally-based forecasting, the application of surveys to forecasting, and sales response models.Table of ContentsList of Contributors. EDITORIAL BOARD. Removing Systematic Bias from Demand Forecasts. Seasonal Influences on Electricity Demand in the Mid-Atlantic Region. Propane Demand Modeling for Residential Sectors: A Regression Analysis. A Multiobjective Model for Warranty Policies Integrating Product Quality, Market Share, and R&D Expenditures. Forecasting Bank Solvency: An Emphasis on Loan Quality. An Evaluation of Financial Analysts and Naïve Methods in Forecasting Long-Term Earnings. Short-Term Predictions of the Total Medical Costs of California Counties. Estimating Admissions and Discharges for Planning Purposes – Case of an Academic Health System. Simulation to Forecast the Impact of Electronic Medical Records and Inventory (Patient) Postponement in Developing Efficient Heath Care Supply Chains. Forecasting with Information from the Future. Prediction Markets as a Forecasting Tool. Forecasting, Control, and Management of a Production System Using Predictive Visual Interactive Simulation. Percentage Forecasting Error: A New Forecasting Performance Measure – How Accurate is it?. Advances in business and management forecasting. Advances in business and management forecasting. Advances in business and management forecasting. Copyright page.
£90.99
Emerald Publishing Limited Advances in Working Capital Management v 2
Book SynopsisVolume 4 in this research series contains nine papers. Following the tradition of the earlier volumes, it is similar in style to the first three volumes and illustrates ongoing research thrusts on a variety of financial economics issues that are germane to working capital management.
£83.99
John Wiley & Sons Inc The Essential CFO
Book SynopsisDiscover the power of the CFO''s role in delivering shareholder value During the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, The Essential CFO describes how today''s CFOs are responding to their expanded roles within both public and private companies. With straightforward and pragmatic guidance, author Bruce Nolop shows how CFOs are partnering with CEOs to deliver shareholder value by articulating a strategic plan, determining capital allocations, managing the capital structure, driving financial performance, and implementing strategic transactions. Covers how CFOs are establishing robust accounting and risk management processes and effectively communicating with both external and internal constituencies Looks at the role of the CFO in transforming financial organizations to drive effectiveness and efficiencies Examines Table of ContentsIntroduction xv Part I: Strategy Chapter 1: Articulating a Strategic Plan 3 Business Objectives 4 Strategic Themes 5 Long-Term Financial Model 7 Total Shareholder Return 10 Capital Allocation Strategies 14 Acquisition Strategies 15 Target Shareholders 17 Elevator Pitch 20 Plan Revisions 21 Chapter 2: Communicating and Achieving Alignment 23 Consistency and Transparency 24 Incentive Compensation Programs 25 Investor Alignment 28 Analyst Relations 29 Investor Presentations 31 Company Website 35 Social Media 36 Media Relations 37 Potential Media Pitfalls 38 Coordinating Communications 39 Interview Formats 39 Media Training 40 Note 42 Chapter 3: Assessing Enterprise Risks 43 Enterprise Risk Management 43 Implementation of ERM 44 Risk Identification 45 Risk Quantification 46 Major Exposures 47 Mitigation Strategies 50 Rewarded versus Unrewarded Risks 51 Governance of ERM 52 CFO’s Role in ERM 54 Part II: Capital Allocations Chapter 4: Estimating the Cost of Capital 59 WACC Formula 59 Hurdle Rates 63 Risk Premiums 63 Acquisition Cost of Capital 65 Chapter 5: Prioritizing Capital Investments 67 Cash Flow Projections 67 Investment Budget 68 Evaluating Projects 71 Categorizing Projects 74 Monitoring Projects 75 Pension Fund Contributions 77 Chapter 6: Considering Dividends and Repurchases 79 Dividend Policy Alternatives 80 Dividend Policy Considerations 82 Special Dividends 85 Dividend Declarations 85 Repurchase Considerations 86 Open Market Programs 90 Tender Offers 92 Retaining Strategic Cash 92 Cash Investment Policies 95 Part III: Mergers and Acquisitions Chapter 7: Identifying Acquisition Candidates 99 Rationale for Acquisitions 99 Adjacent Spaces 100 Portfolio Approach 101 Business Sponsor 101 Patience and Flexibility 102 Strategic Purpose 102 Types of Acquisitions 103 Note 107 Chapter 8: Evaluating Acquisition Candidates 109 Valuation Methodologies 109 Standalone and Synergy Values 112 Pro Forma Analyses 113 Acquirer’s Stock Valuation 116 Risk Considerations 116 Chapter 9: Executing a Merger or Acquisition 119 Due Diligence 119 Business Plan 123 Financial Projections 124 Financing Plan 126 Price Negotiations 128 Contract Terms 129 Acquisition Integration 132 Note 134 Chapter 10: Executing Divestitures and Spinoffs 135 Divestiture Evaluations 135 Hiring Investment Bankers 136 Auction or Negotiated 137 Stock or Assets 139 Financing Conditions 139 Management Participation 140 Tax-Free Spinoffs 141 Split-Ups 142 Equity Carve-Outs 143 Chapter 11: Responding to Takeover Offers 145 Governance Policies 145 Reviewing an Offer 146 Conducting a Sale Process 148 Activist Shareholders 149 Going Private Transactions 149 Part IV: Funding Chapter 12: Establishing Capital Structure Objectives 153 Leverage Targets 153 Leverage Criteria 155 Rating Agencies 157 Ratings Categories 158 Rating Agency Dialogues 160 Ratings Criteria 161 Informing Investors 162 Note 163 Chapter 13: Developing Financing Strategies 165 Financing Principles 165 Debt Financing 167 Equity Financing 171 Off Balance Sheet Financing 174 Debt Covenants 177 Debt Refinancings 179 Debt for Equity Swaps 180 Bankruptcy 182 Chapter 14: Ensuring Short-Term Liquidity 185 Bank Lines 185 Cash Planning 187 Contingency Planning 187 Liquidity Ratios 189 Working Capital Strategies 189 Trapped Cash 191 Chapter 15: Obtaining Long-Term Financing 193 Venture Capital 193 Private Equity 194 Initial Public Offering 195 Subsequent Equity Offerings 198 Term Loans 200 Syndicated Bank Loans 200 Investment Grade Securities 200 High Yield Securities 201 Strategic Alliances 202 Note 203 Part V: Performance Chapter 16: Driving Business Performance 207 Organic Revenue Growth 207 Cost Reduction Strategies 211 Fixed versus Variable Costs 219 Note 219 Chapter 17: Providing Planning and Analysis 221 Budgets 221 Forecasts 225 Cash Flows 226 Performance Metrics 228 Business Unit Metrics 231 Performance Reports 232 Business Analysis 233 Chapter 18: Managing Financial Risks and Taxes 235 Insurance 235 Interest Rates 238 Currencies 239 Commodities 241 Inflation 242 Pension Fund 243 Tax Planning 244 Part VI: Accounting and Controls Chapter 19: Establishing Accounting Processes 251 Financial Reporting 251 SEC Filings 255 External Auditors 259 Audit Committee 259 Note 260 Chapter 20: Communicating Financial Results 261 Earnings Call 261 Non-GAAP Measures 266 Earnings Guidance 267 Note 271 Chapter 21: Implementing Sarbanes-Oxley 273 Overview of Provisions 273 Auditor Independence 274 Certification of Financials 275 Assessment of Internal Controls 276 Chapter 22: Reinforcing Compliance and Controls 281 Control Environment 282 Auditor and Board Support 283 Foreign Corrupt Practices Act 285 Fraud Prevention 287 Whistleblowers 287 Cost of Compliance 288 Note 289 Part VII: Leadership Chapter 23: Achieving Finance Transformation 293 Organizational Structure 293 Technology Systems 298 Process Reengineering 301 Outsourcing Advantages 303 Outsourcing Implementation 305 Analysis versus Data 308 Chapter 24: Developing Financial Talent 311 Recruitment Strategies 312 Development Objectives 316 Development Tools 320 Diversity 325 Future Requirements 325 Note 326 About the Author 327 Acknowledgments 329 Index 331
£41.60
John Wiley & Sons Inc Fraud Analytics
Book SynopsisProven guidance for expertly using analytics in fraud examinations, financial analysis, auditing and fraud prevention Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations.Table of ContentsForeword xi Preface xiii Acknowledgments xv Chapter 1: The Schematics of Fraud and Fraud Analytics 1 How Do We Define Fraud Analytics? 2 Mining the Field: Fraud Analytics in its New Phase 6 How Do We Use Fraud Analytics? 10 Fraud Detection 10 How Do We Define Fraud Analytics? 12 Fraud Analytics Refined 12 Notes 13 Chapter 2: The Evolution of Fraud Analytics 15 Why Use Fraud Analytics? 17 The Evolution Continues 19 Fraud Prevention and Detection in Fraud Analytics 19 Incentives, Pressures, and Opportunities 21 Notes 22 Chapter 3: The Analytical Process and the Fraud Analytical Approach 23 The Turn of the Analytical Wheel 23 It Takes More Than One Step 24 Probabilities of Fraud and Where it All Begins 28 What Should the Fraud Analytics Process Look Like? 29 Data Analytics Exposed 31 Notes 32 Chapter 4: Using ACL Analytics in the Face of Excel 33 The Devil Remains in the Details 50 Notes 55 Chapter 5: Fraud Analytics versus Predictive Analytics 57 Overview of Fraud Analysis and Predictive Analysis 58 Comparing and Contrasting Methodologies 60 13 Step Score Development versus Fraud Analysis 64 CRISP-DM versus Fraud Data Analysis 66 SAS/SEMMA versus Fraud Data Analysis 68 Conflicts within Methodologies 69 Composite Methodology 70 Comparing and Contrasting Predictive Modeling and Data Analysis 72 Notes 76 Chapter 6: CaseWare IDEA Data Analysis Software 77 Detecting Fraud with IDEA 79 Fraud Analysis Points of IDEA 82 Correlation, Trend Analysis, and Time Series Analysis 83 What is IDEA’s Purpose? 83 A Simple Scheme: The Purchase Fraud of an Employee as a Vendor 86 Stages of Using IDEA 87 Notes 89 Chapter 7: Centrifuge Analytics: Is Big Data Enough? 91 Sophisticated Link Analysis 92 The Challenge with Anti-Counterfeiting 93 Interactive Analytics: The Centrifuge Way 93 Fraud Analysis with Centrifuge VNA 95 The Fraud Management Process 100 Notes 105 Chapter 8: i2 Analyst's Notebook: The Best in Fraud Solutions 107 Rapid Investigation of Fraud and Fraudsters 108 i2 Analyst’s Notebook 109 i2 Analyst’s Notebook and Fraud Analytics 113 How to Use i2 Analyst’s Notebook: Fraud Financial Analytics 116 Using i2 Analyst’s Notebook in a Money-Laundering Scenario 121 Notes 125 Chapter 9: The Power to Know Big Data: SAS Visual Analytics and Actionable Intelligence Technologies’ Financial Investigative Software 127 The SAS Way 127 Actionable Intelligence Technologies’ Financial Investigative Software 130 A Case in Point 132 Notes 135 Chapter 10: New Trends in Fraud Analytics and Tools 137 The Many Faces of Fraud Analytics 137 The Paper Chase is Over 138 To Be or Not to Be 140 Raytheon’s VisuaLinks 143 FICO Insurance Fraud Manager 3.3 145 IBM i2 iBASE 146 Palantir Tech 147 Fiserv’s AML Manager 148 Notes 148 About the Author 151 Index 153
£30.39
John Wiley & Sons Inc Prospect Research for Fundraisers
Book SynopsisEssential tools for implementing right-sized prospect research techniques that help nonprofit organizations reach their fundraising goals Written especially for front-line fundraisers, Prospect Research for Fundraisers presents a practical understanding of prospect research, prospect management, and fundraising analytics, demonstrating how research can be used to raise more money. Filled with examples, case studies, interviews, and stories, this unique book is structured around the fundraising cycle and illustrates the myriad of current and ever-changing prospect research tools and techniques available to boost an organization''s fundraising effectiveness. From essential overviews to how-to-search skills, this practical book gives development officers the tools to understand how to use prospect research in ways that best fit their goals for each stage of the fundraising cycle. Provides practical insight to understand the best use of each prospect rTable of ContentsForeword xiii Acknowledgments xvii Introduction xix Chapter 1 The Big Picture 1 What Is Prospect Research? 1 Why Do Prospect Research? 4 How Does Research Fit into My Work and into the Gift Cycle? 7 Communication 10 Dispelling Myths and Corroborating Evidence 11 Summary 12 For Further Reading 13 Chapter 2 Identifying New Prospects 15 Overview: Why We Identify New Prospects 15 Capturing and Maintaining Constituent Information 18 Manual Prospect Identification Methods 24 Wealth Screenings 27 Surveying 40 Simple Data Mining 41 Advanced Data Mining 43 Donor Modeling 45 List Rental 46 Summary 49 For Further Reading 51 Chapter 3 Researching Prospects 53 Different Levels of Research 54 Types of Donor Profiles 55 Assembling Your Research Toolkit 61 Search Techniques Every Fundraiser Should Know 65 Capacity Ratings: Putting the Information Together 79 Summary 82 For Further Reading 83 Chapter 4 Donor Relationship Management 85 What Is a Relationship Management System? 87 The Three Moving Pieces 89 Creating Your Own System 93 Summary 115 For Further Reading 116 Chapter 5 Managing Prospect Research 117 Managing to Your Fundraising Goals 118 Hiring Employees and Volunteers 125 Skill Sets for Hiring 129 Managing Expectations 132 Defining Common Terms and Using Forms 134 Purchasing Resources 136 Options for the One-Person (or Small-Team) Development Office 144 Summary 148 For Further Reading 149 Chapter 6 Ethics, Risk, and Data Protection: What’s the Big Deal? 151 Starting with Donor Trust 151 Risky Business 152 Ethics 154 Legal Issues 155 Outside of the United States 157 Some Practical Tips 158 Summary 159 For Further Reading 159 Chapter 7 International Prospect Research 161 Making International Fundraising Work 162 Getting Started with International Prospects 167 Summary 169 For Further Reading 170 Chapter 8 Trends and Opportunities: The Future of Prospect Research 171 Big Data and Segmentation 172 Data Visualization 174 Relationship Mapping 175 Social Media and Social Scoring 178 Content Curation 180 What the Future Might Look Like 185 Summary 186 For Further Reading 187 Appendix A: AFP Code of Ethics 189 Appendix B: Donor Bill of Rights 190 Appendix C: APRA Statement of Ethics 191 Appendix D: APRA Skill Sets—Advanced 193 Appendix E: APRA Skill Sets—Fundamentals 196 Appendix F: APRA Skill Sets—Relationship Management 199 Appendix G: APRA Skill Sets—Research Management 202 About the Authors 207 Index 209
£45.00
John Wiley & Sons Inc Corporate Fraud and Internal Control Software
Book SynopsisEssential guidance for companies to examine and improve their fraud programs Corporate governance legislation has become increasingly concerned with the ongoing resilience of organizations and, particularly, with their ability to resist corporate fraud from the lowest levels to the upper echelons of executive management. It has become unacceptable for those responsible for corporate governance to claim, I didn''t know. Corporate Fraud and Internal Control focuses on the appropriateness of the design of the system of internal controls in fraud risk mitigation, as well as the mechanisms to ensure effective implementation and monitoring on an ongoing basis. Applicable for a wide variety of environments, including governmental, financial, manufacturing and e-business sectors Includes case studies from the United States, Europe, and Africa Follows the standards laid down by the Association of Certified Fraud Examiners, the internationally recTable of ContentsPreface xi Chapter 1: Nature of Fraud 1 Fraud and Irregularities: Definitions and Concepts 2 Cost of Fraud 10 Notes 15 Chapter 2: Elements of the Crimes of Theft and Fraud 17 Document Fraud 20 Corroborating Documents 22 Procurement Fraud 22 Bribery and Corruption 26 Industrial Espionage 28 Check Fraud and Money Laundering 30 Notes 32 Chapter 3: Frauds Against the Individual 33 Online Auction Fraud 34 Consumer Frauds 35 Telephone Frauds 37 Charity Frauds 38 Misrepresentation of Material Facts 39 Concealment of Material Facts 40 Advance fees (4-1-9) Frauds 41 “Middleman” Frauds 42 Bait and Switch 43 Larceny 44 Extortion 45 Counterfeit Goods and Intellectual Property 45 Affinity Frauds 46 Pyramid Schemes 47 Ponzi Schemes 48 Career Opportunities 49 Cash Recovery Frauds 51 Chapter 4: Frauds Against the Organization 53 Bankruptcy Fraud 54 Check Fraud 54 Obtaining Fraudulent Loans 54 Unsolicited Orders 57 Embezzlement 58 Bribery 60 Corruption 60 Conflicts of Interest 61 Breach of Fiduciary Duty 62 Theft of Trade Secrets 63 False Claims 65 False Conveyancing 69 Tunneling 70 Conspiracy 72 Lapping 72 Kiting 73 Fraudulent Affiliations 74 Counterfeit Money 74 Benefit Frauds 75 Insurance Fraud 76 Payment Card Frauds 80 Pension Frauds 81 Tax Fraud 83 Insider Trading and Market Abuse 84 Click Fraud 84 Counterfeit Goods and Intellectual Property 86 Procurement Fraud 87 Notes 88 Chapter 5: Fighting Corruption 91 Bribery in Contracts 93 Red Flags at Enron and WorldCom 104 Nepotism and Favoritism 104 Abuse of Authority 108 Developing an Overall Anticorruption Culture 109 Notes 110 Chapter 6: Role of Ethics in Fighting Fraud 113 How Moral Decisions Are Made 114 Nature and Role of Ethics 115 Managing Ethical Risk 121 Reporting of Fraud 124 Notes 128 Chapter 7: Controlling Fraud 129 Corporate Governance and Fraud Prevention 130 Audit Committee’s Role in Fighting Fraud 136 Internal Control and the Prevention of Fraud 143 Fighting Shrinkage 156 Internal Audit Role 157 Notes 166 Chapter 8: Fraud Risk Management 169 Establishing the Corporate Fraud Risk Profile 170 Cascarino Cube 175 Roles of the Internal, External, and Forensic Auditor 178 Whistleblowing in Detecting Fraud 183 Note 186 Chapter 9: Investigating Fraud 187 Red Flags and Indicators of Fraud 188 Corporate Fraud Indicators 193 Conducting an Investigation 203 Tools and Techniques 207 Use of the Polygraph 217 Documenting the Investigative Process 219 Evidence Analysis 219 Investigative Errors 219 After the Event 221 Establishing an Investigations Function 221 Tracing and Recovering Assets 222 Notes 226 Chapter 10: Computer Fraud and Countermeasures 227 Mainframe Architectures 230 Mainframe Communications 233 Control of Servers 234 WAN Communications 236 Workstation Security 236 Mobile Computing and the Internet 238 Cloud Computing 241 Computer and Information Fraud 243 Monitoring Tools 247 Preventing E-Commerce Fraud 249 E-commerce Control Opportunities 254 E-payments 255 Internal Control Best Practices 255 Newer Fraud Schemes 256 Protecting Digital Assets 257 Foiling the Hackers 259 Investigating Computer Fraud 260 Computer Law 271 Note 273 Chapter 11: Legal Issues Surrounding Fraud 275 Impact of a Constitution 277 Fraud and the Laws of Evidence 277 Asset Recovery 279 Labor Legislation and Fraud 282 Note 284 Chapter 12: Industry-Related Fraud Opportunities 285 Banking Fraud 286 Money Laundering 304 Health Care Fraud 307 Insurance Fraud 313 Tax Fraud 319 Social Security Fraud 325 Fraud after Death 327 Construction Fraud 328 Notes 332 Appendix A: Audit Committee Charter 335 Appendix B: Corporate Fraud Policy 339 Appendix C: Whistleblowing Policy 343 Appendix D: Fraud Prevention Checklist 347 Appendix E: Fraud Risk Questionnaire Sample 351 Appendix F: Fraud Risk Analysis 357 Appendix G: Fraud CAATs 361 Glossary 371 About the Author 377 About the Web Site 379 Index 381
£43.12
John Wiley & Sons Inc Driving Sustainability to Business Success
Book SynopsisEfficient, compliant management systems pave the road to sustainability through integration and automation The book addresses the many definitions of sustainability and why CEOs need the links between sustainability, business value, and performance. Business leaders are committed to leading the way, and the book outlines the support of a management system structure and business principles that will drive the accomplishment of their mission. Stakeholder demands on CEOs include many challenges. Investors are assessing companies for financial performance. The shrinking talent pool of employees is looking to work with organizations that support social, environment, and economic operating practices and principles. Great leaders are those that ask questions, who are creative to drive innovation for growth of their company. The Assess-Reflect-Act section on international business principles defined in the book will ask you as the leader thought provoking questions to stimulaTable of ContentsPreface xi Acknowledgments xv PART I BUSINESS SUSTAINABILITY 1 Chapter 1 CEO Study on Sustainability 3 Refocus of Business Leaders—Top Priorities 4 Link between Sustainability and Business Value 4 United Nations Global Compact: The Ten Principles—Understanding Their Scope of Sustainability 4 Seven Steps to Sustainability 5 CEOs on Sustainability 6 Quantify Business Value for Sustainability 11 Factors Driving CEOs on Sustainability 12 Notes 12 Chapter 2 Sustainability in Developing Countries—Innovation 13 DevXchange 13 Children of the Dump Project 14 Helping People Help People 14 Moringa Tree Known as “Miracle Tree” for Sustainability 16 Notes 17 Chapter 3 Sustainability in the Banking Community 19 International Finance Corporation—IFC Financing in Emerging Markets 19 Sustainable Finance Awards 21 HSBC Global Connections 21 Suncor’s Challenge—“What Yes Can Do”—Our Voice 22 Notes 25 Chapter 4 International Institute for Sustainable Development 27 Drivers Pushing Business to Corporate Responsibility 27 Global Reporting Initiative 28 Corporate Responsibility Reporting 29 Lessons from the Leaders 29 Notes 32 Chapter 5 Defining Business Sustainability 33 Definitions of Sustainability 34 Taking the Next Step to Business Success 36 Ready for the Coming Age of Abundance 38 Business Challenges: Management of Business Knowledge 41 Notes 43 PART II PRINCIPLES FOR DRIVING BUSINESS SUCCESS 45 Chapter 6 Principles for Quality Management Systems 49 Customer Focus 50 Leadership 56 Involvement of People 61 Process Approach 65 System Approach to Management 70 Continual Improvement 73 Factual Approach to Decision Making 78 Mutually Beneficial Supplier Relationship 81 Notes 85 Chapter 7 Principles for Environmental Management Systems 87 Industry Leaders Improving Our World 88 Environmental Management 90 Leadership 90 Continual Improvement—Prevention of Pollution 101 System Approach to Management 106 Compliance with Legal and Other Requirements 110 Performance Evaluation 114 Management of Resources 118 Operational Control 125 Emergency Preparedness 131 Notes 135 Chapter 8 Principles for Occupational Health and Safety Management Systems 137 Leadership 143 Continual Improvement 150 System Approach to Management 155 Compliance with Legal and Other Requirements 159 Performance Evaluation 164 Management of Resources 169 Operational Control 173 Emergency Preparedness and Response 178 Notes 185 Chapter 9 Integrated Principles for a Sustainable Business Management System 187 PART III INTEGRATED MANAGEMENT SYSTEM IMPLEMENTATION: THREE STEPS 193 Chapter 10 International Management Systems 197 North America Lags Behind 198 Business Benefits: Business Structure for Success 200 Assess, Reflect, Act: Driving Sustainability to Business Success 203 Notes 203 Chapter 11 Management Systems 205 Business Plans vs. Management Systems Meeting ISO Standards 205 Where Is the Weak Link in Your Management System? 206 Why Use Management Systems Meeting International Standards? 207 Management System Framework—Generic 210 Management System Standardization—Annex SL 211 Integrated Management Systems 212 Integrated Management System Standard—PAS 99:2006 214 Chapter 12 Step One: Identify 215 Understanding the Organization 215 Management System Planning 219 Leadership and Commitment 223 Good to Great 242 Notes 244 Chapter 13 Step Two: Insure 245 Implementation of Plans 245 Support—Resources 247 Operation 278 Notes 302 Chapter 14 Step Three: Improve 303 Performance Evaluation 304 Monitor, Measure, Analyze, and Evaluate 305 Control of Nonconforming Product or Service 310 Analysis of Information 310 Internal Audit 313 Management Review 315 Improvement 317 Chapter 15 Conclusion 321 Competitive Landscape 321 As a Leader 322 Pilot Project—Management System Makeover™ 323 About the Author— M. Jayne Pilot 325 Index 329
£56.25
John Wiley & Sons Inc Project Financing 3e
Book SynopsisA timely update to one of the most well-received books on project financing As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It''s being used more and more frequentlyand more successfullyon a wide variety of high-profile corporate projects, and has long been used to fund large-scale natural resource projects. But the challenges of successful project financing are immense, and the requirements of the process can easily be misunderstood. That''s why John Finnerty has returned with the Third Edition of Project Financing. Drawing on his vast experience in the field, Finnerty takes you through the process step by step. Using updated examples and case studies that illustrate how to apply the analytical techniques described in the book, he covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, raise the fuTable of ContentsPreface xi Acknowledgments xv Chapter 1 what is project financing? 1 Chapter 2 The Rationale For Project Financing 13 Chapter 3 what is special about large projects? 33 Chapter 4 who finances large projects? 53 Chapter 5 analyzing project viability 71 Chapter 6 analysis and financing of renewable energy projects 91 Chapter 7 Designing security arrangements 115 Chapter 8 Structuring the project 131 Chapter 9 Preparing the project financing plan 151 Chapter 10 Discounted cash flow analysis 169 Chapter 11 Financial modeling and project evaluation 193 Chapter 12 Using real-options analysis to evaluate a project 215 Chapter 13 Sources of project funds 239 Chapter 14 Managing project risks 271 Chapter 15 Sharia-compliant project financing 305 Chapter 16 Issues for the host government 331 Chapter 17 case study: the indiantown cogeneration project 347 Chapter 18 case study: the tribasa toll road project 379 Chapter 19 case study: the euro disneyland project 399 Chapter 20 case study: the eurotunnel project 431 Chapter 21 conclusion 457 Appendix A comparative terms of selected projects 463 Appendix B other examples of project financings 475 Appendix C legal investment requirements governing new york life insurance companies 489 Notes 495 Bibliography 513 Websites 521 Index 523
£66.75
John Wiley & Sons Inc Public Budgeting in Context
Book SynopsisPublic budgeting structure, process, legal framework and policy with examples from industrialized and developing countries Public Budgeting in Context examines budgeting at all levels of U.S. governmentfederal, state, and localand in a sample of governments around the world. The book assesses the context of public budgeting in these governments, especially the legal foundations for its practice and how the process and final budgets are impacted by governance structures, laws, various budget actors and different branches of government. The author presents focused attention on the influences on government budgets of the executive, legislative and judicial branches of government, the bureaucracy, the public and the media. In light of worldwide fiscal malaise, especially during and since the Great Recession, this book illustrates the heightened complexity of the budgeting environment that pervades all governments todayindustrialized or developing, large or small. FTable of ContentsPreface xiii Acknowledgments xvii About the Author xix One Overview of Modern Public Budgeting 1 What Is a Budget? 3 Macro- and Micro-Budgeting 7 Public and Private Budgeting 8 The Role and Size of Government 10 Modeling the Budgetary Process 13 Budget Principles 20 Conclusion 21 Discussion Questions 22 Notes 22 References 23 Two Budget Foundations in Selected Countries 25 Developing Versus Industrialized Countries 26 Comparing Budgeting Systems 32 Conclusion 56 Discussion Questions 57 Notes 57 References 61 Three Budget Law and History of the US Federal Government 65 Early Budgeting 66 An Executive Budget Process Is Born 69 Congress Strives for Credibility 73 Budget Balance and Management Improvement 76 Then and Now, Budget Numbers 82 Adherence to Rule of Law 86 Conclusion 87 Discussion Questions 88 Notes 89 References 91 Four Budget Foundations in US States 95 The Fiscal Landscape of States: Two Centuries of Growth 96 Legal Foundations for State Budgeting 98 Credit Ratings, GASB Standards, and Professional Guidelines 117 Conclusion 122 Discussion Questions 123 Notes 123 References 126 Five Budget Foundations in US Local Governments 129 The Multiplicity and Responsibilities of Local Governments 130 Local Government Powers 134 Local Government Fiscal Stress and Bankruptcy 143 Conclusion 149 Discussion Questions 150 Notes 151 References 152 Six Executive Leadership and the Budget Agenda 155 Presidential versus Parliamentary Systems 156 Strategic Planning and the Budget Process 158 Public Leadership: Generating a Budget Plan 159 Executive Leadership in Parliamentary Systems 160 US Presidential Leadership and Budgeting 162 Presidential Job Performance 167 State Executive Leadership and Budgeting 169 US Local Leadership 182 Leadership in a Strong Mayor City Government 185 Conclusion 190 Discussion Questions 191 Notes 192 References 193 Seven Budget Powers of the Legislative Branch 197 Measuring Legislative Powers in the Budgetary Process 198 Legislative Budgeting in Select Governments 206 Legislative Reform 224 Conclusion 225 Discussion Questions 225 Notes 226 References 228 Eight Public Budgeting and the Courts: Judicial Influence on Economies and Budgets 231 The Judiciary and the Economy 232 Courts and Public Policy 233 The Judiciary and the Budget 240 Judges, Courts, and Corruption 245 Conclusion 260 Discussion Questions 261 Notes 261 References 263 Nine The Bureaucracy, Citizens, the Media, and Public Budgets 267 The Budget-Maximizing Bureaucrat 268 Budget Execution Practices 271 Citizens and Budgets 281 Citizen Participation in US State Budgeting 287 The Media and Public Budgets 290 Conclusion 295 Discussion Questions 295 Notes 296 References 298 Ten Budget Mechanics and Reforms 303 Budget Types 304 Budget Cycles and Timelines 309 Best Practices 315 Budget Reforms 320 Conclusion 335 Discussion Questions 335 Notes 336 References 338 Eleven Funding with Taxes and Other Revenues 341 Equity 343 Efficiency 345 Adequacy 347 Transparency 348 Collectability 351 Taxes in the United States and Guatemala 358 Intergovernmental Revenues 366 Conclusion 373 Discussion Questions 373 Notes 374 References 375 Twelve The Results of Government Spending 379 Human Rights Budget Work 380 Government Presence and Prosperity 384 Government Spending by Function 386 Social Indicators: Quality of Life 386 Country Competitiveness 391 Budget Reform in Italy 399 Health Care in Italy: Changing Budget Orientation 404 Budget Institutions, Reform, and Results 408 Conclusion 410 Discussion Questions 411 Notes 412 References 412 List of Abbreviations and Acronyms 415 Index 421
£56.70
John Wiley & Sons Inc How to Write Successful Fundraising Appeals
Book SynopsisHow to Write Successful Fundraising Appeals Now in a completely revised third edition, this classic book shows how to create winning appeals that will realize the full potential of direct mail and online fundraising. Written by fundraising guru Mal Warwick, with assistance from Eric Overman, this comprehensive resource gives nonprofit fundraising staff the information needed to write compelling fundraising appeals for any medium. If you follow Warwick's guidelines, your direct mail and online fundraising campaigns will produce better results, year after year. Written in an easy-to-read style, the book is filled with practical techniques, proven approaches, and illustrative examples of both successful and unsuccessful appeals based on the authors' wealth of experience fundraising for hundreds of nonprofits. Step-by-step and appeal by appeal, the book shows how to navigate the fundraising appeal process with ease. To meet the demands of today's socially connected donoTable of ContentsPreface to the Third Edition ix About the Author xiii Introduction: Why You Should Read This Book 1 Part One Motivating Your Audience 1 Why People Respond to Fundraising Appeals 9 2 How a Fundraising Appeal Is Like a Personal Visit 21 3 What Donors Really Think about Fundraising Letters 35 4 Characteristics of an Effective Fundraising Appeal 41 5 A Leisurely Tour through One Successful Appeal 47 Part Two Your Plan of Action 6 What to Do Before You Write Any Fundraising Appeal 71 7 Eight Steps toward Successful Fundraising Appeals 85 8 The Cardinal Rules of Fundraising Letters 95 9 You’re Writing for Results—Not for a Pulitzer Prize 115 Part Three Customizing Your Appeal 10 Recruiting New Donors: Starting Intimate Conversations with Strangers 127 11 Recruiting New Supporters: Beginning the Cultivation Process Online 133 12 Welcoming New Donors: Treating People Like Part of the Family 141 13 Appealing for Special Gifts: Bringing Your Case Down to Earth 155 14 Asking for Year-End Contributions: Making the Most of the Holiday Spirit 167 15 Recruiting Monthly Sustainers: Offering Small Donors a Chance for Greater Impact 185 16 Soliciting High-Dollar Gifts: Framing the Case for Major Contributions 191 17 Going for Bigger Gifts: Persuading Donors to Make an Extra Commitment 203 18 Seeking Annual Gifts: Building Long-Term Loyalty, One Year at a Time 213 19 Thanking Your Donors: Friend-Raising before Fundraising 219 20 Promoting Legacy Gifts: Seeking the Ultimate Commitment 233 Part Four Reinforcing Your Appeal 21 Rounding Out Your Appeal with Online Media and More 245 22 Writing Online Appeals 261 23 The New Keys to Success in Fundraising Today 297 Part Five The Appeal Writer’s Toolbox A Sample Multichannel Campaign Calendar 313 B Twenty Great E-mail Subject Lines 317 C Sixty Successful Outer-Envelope Teasers 319 D Fifty-Four Strong Leads for Fundraising Appeals 329 E Ninety Ways to Use the Word “You” in a Fundraising Appeal 331 F Sixty-Three Ways to Handle Awkward Copywriting Transitions 335 G Forty-One Powerful Ways to End a Fundraising Appeal 339 H Fifty-Eight Ways to Start a P.S. in a Fundraising Appeal 341 I Fifteen Ways How Not to Get Results 345 Index 353
£35.15
John Wiley & Sons Inc XVA
Book SynopsisThis new book seeks to navigate the reader through the complexities of CVA, DVA and FVA. Modelling frameworks for these three quantities are discussed in detail including the very latest developments in FVA and OIS discounting. The book covers simple analytic models through to complex multi-asset class Monte Carlo engines.Table of ContentsList of Tables xvii List of Figures xxi Acknowledgements xxv CHAPTER 1 Introduction: The Valuation of Derivative Portfolios 1 1.1 What this book is about 1 1.2 Prices and Values 4 1.2.1 Before the Fall... 4 1.2.2 The Post-Crisis World... 5 1.3 Trade Economics in Derivative Pricing 6 1.3.1 The Components of a Price 6 1.3.2 Risk-Neutral Valuation 8 1.3.3 Hedging and Management Costs 11 1.3.4 Credit Risk: CVA/DVA 11 1.3.5 FVA 13 1.3.6 Regulatory Capital and KVA 14 1.4 Post-Crisis Derivative Valuation or How I Learned to Stop Worrying and Love FVA 16 1.4.1 The FVA Debate and the Assault on Black-Scholes-Merton 16 1.4.2 Different Values for Different Purposes 19 1.4.3 Summary: The Valuation Paradigm Shift 21 1.5 Reading this Book 21 PART ONE CVA and DVA: Counterparty Credit Risk and Credit Valuation Adjustment CHAPTER 2 Introducing Counterparty Risk 25 2.1 Defining Counterparty Risk 25 2.1.1 Wrong-way and Right-way Risk 27 2.2 CVA and DVA: Credit Valuation Adjustment and Debit Valuation Adjustment Defined 27 2.3 The Default Process 28 2.3.1 Example Default: The Collapse of Lehman Brothers 30 2.4 Credit Risk Mitigants 30 2.4.1 Netting 30 2.4.2 Collateral/Security 31 2.4.3 Central Clearing and Margin 34 2.4.4 Capital 35 2.4.5 Break Clauses 35 2.4.6 Buying Protection 37 CHAPTER 3 CVA and DVA: Credit and Debit Valuation Adjustment Models 39 3.1 Introduction 39 3.1.1 Close-out and CVA 40 3.2 Unilateral CVA Model 42 3.2.1 Unilateral CVA by Expectation 42 3.2.2 Unilateral CVA by Replication 43 3.3 Bilateral CVA Model: CVA and DVA 48 3.3.1 Bilateral CVA by Expectation 48 3.3.2 Bilateral CVA by Replication 50 3.3.3 DVA and Controversy 53 3.4 Modelling Dependence between Counterparties 55 3.4.1 Gaussian Copula Model 55 3.4.2 Other Copula Models 56 3.5 Components of a CVA Calculation Engine 57 3.5.1 Monte Carlo Simulation 57 3.5.2 Trade Valuation and Approximations 57 3.5.3 Expected Exposure Calculation 59 3.5.4 Credit Integration 59 3.6 Counterparty Level CVA vs. Trade Level CVA 59 3.6.1 Incremental CVA 60 3.6.2 Allocated CVA 60 3.7 Recovery Rate/Loss-Given-Default Assumptions 63 CHAPTER 4 CDS and Default Probabilities 65 4.1 Survival Probabilities and CVA 65 4.2 Historical versus Implied Survival Probabilities 66 4.3 Credit Default Swap Valuation 67 4.3.1 Credit Default Swaps 67 4.3.2 Premium Leg 69 4.3.3 Protection Leg 71 4.3.4 CDS Value and Breakeven Spread 72 4.4 Bootstrapping the Survival Probability Function 72 4.4.1 Upfront Payments 74 4.4.2 Choice of Hazard Rate Function and CVA: CVA Carry 75 4.4.3 Calibration Problems 76 4.5 CDS and Capital Relief 77 4.6 Liquid and Illiquid Counterparties 78 4.6.1 Mapping to Representative CDS 79 4.6.2 Mapping to Baskets and Indices 80 4.6.3 Cross-sectional Maps 81 CHAPTER 5 Analytic Models for CVA and DVA 83 5.1 Analytic CVA Formulae 83 5.2 Interest Rate Swaps 84 5.2.1 Unilateral CVA 84 5.2.2 Bilateral CVA 86 5.3 Options: Interest Rate Caplets and Floorlets 86 5.4 FX Forwards 88 CHAPTER 6 Modelling Credit Mitigants 91 6.1 Credit Mitigants 91 6.2 Close-out Netting 91 6.3 Break Clauses 93 6.3.1 Mandatory Break Clauses 93 6.3.2 Optional Break Clauses 93 6.4 Variation Margin and CSA Agreements 97 6.4.1 Simple Model: Modifying the Payout Function 97 6.4.2 Modelling Collateral Directly 99 6.4.3 Lookback Method 101 6.4.4 Modelling Downgrade Triggers in CSA Agreements 102 6.5 Non-financial Security and the Default Waterfall 107 CHAPTER 7 Wrong-way and Right-way Risk for CVA 109 7.1 Introduction: Wrong-way and Right-way Risks 109 7.1.1 Modelling Wrong-way Risk and CVA 110 7.2 Distributional Models of Wrong-way/Right-way Risk 111 7.2.1 Simple Model: Increased Exposure 111 7.2.2 Copula Models 111 7.2.3 Linear Models and Discrete Models 114 7.3 A Generalised Discrete Approach to Wrong-way Risk 116 7.4 Stochastic Credit Models of Wrong-way/Right-way Risk 118 7.4.1 Sovereign Wrong-way Risk 119 7.5 Wrong-way/Right-way Risk and DVA 119 PART TWO FVA: Funding Valuation Adjustment CHAPTER 8 The Discount Curve 123 8.1 Introduction 123 8.2 A Single Curve World 123 8.3 Curve Interpolation and Smooth Curves 126 8.4 Cross-currency Basis 127 8.5 Multi-curve and Tenor Basis 128 8.6 OIS and CSA Discounting 129 8.6.1 OIS as the Risk-free Rate 129 8.6.2 OIS and CSA Discounting 131 8.6.3 Multi-currency Collateral and the Collateral Option 134 8.7 Conclusions: Discounting 138 CHAPTER 9 Funding Costs: Funding Valuation Adjustment (FVA) 139 9.1 Explaining Funding Costs 139 9.1.1 What is FVA? 139 9.1.2 General Principle of Funding Costs 145 9.2 First Generation FVA: Discount Models 145 9.3 Double Counting and DVA 146 9.4 Second Generation FVA: Exposure Models 147 9.4.1 The Burgard-Kjaer Semi-Replication Model 148 9.5 Residual FVA and CSAs 160 9.6 Asymmetry 161 9.6.1 Case 1: Corporate vs. Bank Asymmetry 161 9.6.2 Case 2: Bank vs. Bank Asymmetry 162 9.7 Risk Neutrality, Capital and the Modigliani-Miller Theorem 162 9.7.1 No Market-wide Risk-neutral Measure 162 9.7.2 Consequences 165 9.7.3 The Modigliani-Miller Theorem 165 9.8 Wrong-way/Right-way Risk and FVA 166 CHAPTER 10 Other Sources of Funding Costs: CCPs and MVA 167 10.1 Other Sources of Funding Costs 167 10.1.1 Central Counterparty Funding Costs 167 10.1.2 Bilateral Initial Margin 170 10.1.3 Rating Agency Volatility Buffers and Overcollateralisation 170 10.1.4 Liquidity Buffers 170 10.2 MVA: Margin Valuation Adjustment by Replication 171 10.2.1 Semi-replication with no Shortfall on Default 174 10.3 Calculating MVA Efficiently 175 10.3.1 Sizing the Problem 175 10.3.2 Aside: Longstaff-Schwartz for Valuations and Expected Exposures 176 10.3.3 Calculating VaR inside a Monte Carlo 179 10.3.4 Case Study: Swap Portfolios 182 10.3.5 Adapting LSAC to VaR under Delta-Gamma Approximation 184 10.4 Conclusions on MVA 184 CHAPTER 11 The Funding Curve 187 11.1 Sources for the Funding Curve 187 11.1.1 Term Funding 188 11.1.2 Rolling Funding 188 11.2 Internal Funding Curves 188 11.2.1 Bank CDS Spread 188 11.2.2 Bank Bond Spread 189 11.2.3 Bank Bond-CDS Basis 189 11.2.4 Bank Treasury Transfer Price 190 11.2.5 Funding Strategy Approaches 190 11.3 External Funding Curves and Accounting 191 11.4 Multi-currency/Multi-asset Funding 192 PART THREE KVA: Capital Valuation Adjustment and Regulation CHAPTER 12 Regulation: the Basel II and Basel III Frameworks 195 12.1 Introducing the Regulatory Capital Framework 195 12.1.1 Economic Capital 196 12.1.2 The Development of the Basel Framework 196 12.1.3 Pillar I: Capital Types and Choices 201 12.2 Market Risk 202 12.2.1 Trading Book and Banking Book 202 12.2.2 Standardised Method 202 12.2.3 Internal Model Method (IMM) 204 12.3 Counterparty Credit Risk 205 12.3.1 Weight Calculation 205 12.3.2 EAD Calculation 206 12.3.3 Internal Model Method (IMM) 208 12.4 CVA Capital 209 12.4.1 Standardised 209 12.4.2 Advanced 211 12.5 Other Sources of Regulatory Capital 213 12.5.1 Incremental Risk Charge (IRC) 213 12.5.2 Leverage Ratio 213 12.6 Forthcoming Regulation with Pricing Impact 214 12.6.1 Fundamental Review of the Trading Book 214 12.6.2 Revised Standardised Approach to Credit Risk 218 12.6.3 Bilateral Initial Margin 220 12.6.4 Prudent Valuation 220 12.6.5 EMIR and Frontloading 224 CHAPTER 13 KVA: Capital Valuation Adjustment 227 13.1 Introduction: Capital Costs in Pricing 227 13.1.1 Capital, Funding and Default 227 13.2 Extending Semi-replication to Include Capital 228 13.3 The Cost of Capital 232 13.4 KVA for Market Risk, Counterparty Credit Risk and CVA Regulatory Capital 232 13.4.1 Standardised Approaches 232 13.4.2 IMM Approaches 233 13.5 The Size of KVA 233 13.6 Conclusion: KVA 237 CHAPTER 14 CVA Risk Warehousing and Tax Valuation Adjustment (TVA) 239 14.1 Risk Warehousing XVA 239 14.2 Taxation 239 14.3 CVA Hedging and Regulatory Capital 240 14.4 Warehousing CVA Risk and Double Semi-Replication 240 CHAPTER 15 Portfolio KVA and the Leverage Ratio 247 15.1 The Need for a Portfolio Level Model 247 15.2 Portfolio Level Semi-replication 248 15.3 Capital Allocation 254 15.3.1 Market Risk 255 15.3.2 Counterparty Credit Risk (CCR) 255 15.3.3 CVA Capital 255 15.3.4 Leverage Ratio 256 15.3.5 Capital Allocation and Uniqueness 257 15.4 Cost of Capital to the Business 257 15.5 Portfolio KVA 258 15.6 Calculating Portfolio KVA by Regression 258 PART FOUR XVA Implementation CHAPTER 16 Hybrid Monte Carlo Models for XVA: Building a Model for the Expected-Exposure Engine 263 16.1 Introduction 263 16.1.1 Implementing XVA 263 16.1.2 XVA and Monte Carlo 263 16.1.3 XVA and Models 264 16.1.4 A Roadmap to XVA Hybrid Monte Carlo 267 16.2 Choosing the Calibration: Historical versus Implied 268 16.2.1 The Case for Historical Calibration 268 16.2.2 The Case for Market Implied Calibration 281 16.3 The Choice of Interest Rate Modelling Framework 285 16.3.1 Interest Rate Models (for XVA) 286 16.3.2 The Heath-Jarrow-Morton (HJM) Framework and Models of the Short Rate 286 16.3.3 The Brace-Gaterak-Musiela (BGM) or Market Model Framework 305 16.3.4 Choice of Numeraire 313 16.3.5 Multi-curve: Tenor and Cross-currency Basis 314 16.3.6 Close-out and the Choice of Discount Curve 318 16.4 FX and Cross-currency Models 319 16.4.1 A Multi-currency Generalised Hull-White Model 320 16.4.2 The Triangle Rule and Options on the FX Cross 322 16.4.3 Models with FX Volatility Smiles 324 16.5 Inflation 327 16.5.1 The Jarrow-Yildirim Model (using Hull-White Dynamics) 327 16.5.2 Other Approaches 336 16.6 Equities 337 16.6.1 A Simple Log-normal Model 337 16.6.2 Dividends 339 16.6.3 Indices and Baskets 339 16.6.4 Managing Correlations 340 16.6.5 Skew: Local Volatility and Other Models 340 16.7 Commodities 342 16.7.1 Precious Metals 342 16.7.2 Forward-based Commodities 342 16.7.3 Electricity and Spark Spreads 347 16.8 Credit 348 16.8.1 A Simple Gaussian Model 349 16.8.2 JCIR++ 350 16.8.3 Other Credit Models, Wrong-way Risk Models and Credit Correlation 351 CHAPTER 17 Monte Carlo Implementation 353 17.1 Introduction 353 17.2 Errors in Monte Carlo 353 17.2.1 Discretisation Errors 354 17.2.2 Random Errors 357 17.3 Random Numbers 359 17.3.1 Pseudo-random Number Generators 359 17.3.2 Quasi-random Number Generators 364 17.3.3 Generating Normal Samples 369 17.4 Correlation 372 17.4.1 Correlation Matrix Regularisation 372 17.4.2 Inducing Correlation 373 17.5 Path Generation 375 17.5.1 Forward Induction 375 17.5.2 Backward Induction 375 CHAPTER 18 Monte Carlo Variance Reduction and Performance Enhancements 377 18.1 Introduction 377 18.2 Classic Methods 377 18.2.1 Antithetics 377 18.2.2 Control Variates 378 18.3 Orthogonalisation 379 18.4 Portfolio Compression 381 18.5 Conclusion: Making it Go Faster! 382 CHAPTER 19 Valuation Models for Use with Monte Carlo Exposure Engines 383 19.1 Valuation Models 383 19.1.1 Consistent or Inconsistent Valuation? 384 19.1.2 Performance Constraints 384 19.1.3 The Case for XVA Valuation Consistent with Trade Level Valuations 385 19.1.4 The Case for Consistent XVA Dynamics 386 19.1.5 Simulated Market Data and Valuation Model Compatibility 387 19.1.6 Valuation Differences as a KPI 387 19.1.7 Scaling 387 19.2 Implied Volatility Modelling 388 19.2.1 Deterministic Models 388 19.2.2 Stochastic Models 389 19.3 State Variable-based Valuation Techniques 389 19.3.1 Grid Interpolation 390 19.3.2 Longstaff-Schwartz 391 CHAPTER 20 Building the Technological Infrastructure 393 20.1 Introduction 393 20.2 System Components 393 20.2.1 Input Data 394 20.2.2 Calculation 401 20.2.3 Reporting 405 20.3 Hardware 405 20.3.1 CPU 406 20.3.2 GPU and GPGPU 406 20.3.3 Intel® Xeon PhiTM 407 20.3.4 FPGA 408 20.3.5 Supercomputers 408 20.4 Software 408 20.4.1 Roles and Responsibilities 409 20.4.2 Development and Project Management Practice 410 20.4.3 Language Choice 415 20.4.4 CPU Languages 416 20.4.5 GPU Languages 417 20.4.6 Scripting and Payout Languages 418 20.4.7 Distributed Computing and Parallelism 418 20.5 Conclusion 421 PART FIVE Managing XVA CHAPTER 21 Calculating XVA Sensitivities 425 21.1 XVA Sensitivities 425 21.1.1 Defining the Sensitivities 425 21.1.2 Jacobians and Hessians 426 21.1.3 Theta, Time Decay and Carry 427 21.1.4 The Explain 431 21.2 Finite Difference Approximation 434 21.2.1 Estimating Sensitivities 434 21.2.2 Recalibration? 435 21.2.3 Exercise Boundaries and Sensitivities 436 21.3 Pathwise Derivatives and Algorithmic Differentiation 437 21.3.1 Preliminaries: The Pathwise Method 438 21.3.2 Adjoints 440 21.3.3 Adjoint Algorithmic Differentiation 442 21.3.4 Hybrid Approaches and Longstaff-Schwartz 443 21.4 Scenarios and Stress Tests 445 CHAPTER 22 Managing XVA 447 22.1 Introduction 447 22.2 Organisational Design 448 22.2.1 Separate XVA Functions 448 22.2.2 Central XVA 451 22.3 XVA, Treasury and Portfolio Management 453 22.3.1 Treasury 453 22.3.2 Loan Portfolio Management 454 22.4 Active XVA Management 454 22.4.1 Market Risks 455 22.4.2 Counterparty Credit Risk Hedging 457 22.4.3 Hedging DVA? 458 22.4.4 Hedging FVA 459 22.4.5 Managing and Hedging Capital 459 22.4.6 Managing Collateral and MVA 460 22.5 Passive XVA Management 460 22.6 Internal Charging for XVA 460 22.6.1 Payment Structures 461 22.6.2 The Charging Process 461 22.7 Managing Default and Distress 462 PART SIX The Future CHAPTER 23 The Future of Derivatives? 465 23.1 Reflecting on the Years of Change... 465 23.2 The Market in the Future 465 23.2.1 Products 466 23.2.2 CCPs, Clearing and MVA 466 23.2.3 Regulation, Capital and KVA 467 23.2.4 Computation, Automation and eTrading 467 23.2.5 Future Models and Future XVA 468 Bibliography 469 Index 489
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