Budgeting and financial management Books

Book SynopsisA Wall Street insider draws back the curtain on how financial firms take advantage of individual investorsâand delivers the information and insights you need to turn the tablesNationwide brokerage firms have perfected the secrets for how to legally fool the rest of us into giving them our hard-earned money.Written by a renowned leader and financial reform advocate who has seen every trick in the book firsthand, Outsmart the Money Magicians reveals how biased the financial system often is, and helps you see through the illusions, understand exactly what is happening with your money, and make investing and tax decisions accordingly. Youâll learn everything there is to know about how often Wall Street and the IRS rely on hard-to-see deceptions that encourage the public to behave a certain way, including: Encouraging people to save a fixed amount each month in an illusion called Pay Yourself First Hiding the profits created by dividends and

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Book SynopsisDo you need to get back in control of your cash? Do you want to understand your money emotions? Are you happy to talk about sex, make-up and shoes, but shy about your financial feelings?With more and more women stepping up to take charge of their financial destiny, SHECONOMICS will help you master your money and understand the complex feelings that can stand in your way. Whether you want tips on taking emotional control of your finances, choosing monetary goals and planning how to achieve them, paying off loans, sorting out pensions, investing, spending or simply living within your means, this is the book for you. Karen and Simonne have devised seven simple yet effective laws of ''sheconomics'' to help you change your attitude to personal finance, get your money madness under control and secure a financial future that doesn''t depend on Prince Charming or a lottery ticket. With real-life stories, case-studies and experiences gathered from years of working

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Book SynopsisThe tenth volume in the Best of Long Range Planning Series focuses on the role of shareholder value as a key tool to evaluating strategic options. Within limits, the concept has an essential part to play in strategic management. However, the authors argue that it should not be the only approach used, as customer focus and employee development are also crucial. By learning the lessons propounded in this volume, companies can avoid inappropriate predation, generate attractive returns for shareholders and provide a sound platform from which to launch and sustain successful customer-driven strategies and lasting competitive advantage.Table of ContentsIntroduction: Shareholder Value: Key to Corporate Development, C. J. Clarke. Part 1: Failings in Current Practice. Does top management add value to investment decisions? H. Barton et al. Part 2: Safeguarding Independence. Creating value to keep the raiders at bay, B. C. Reimann. Value gaps - who is right, the market or the managers? D. Young & B. Sutcliffe. Brief case: do raiders create value? R. Koch. Defensive strategies against takeovers: creating shareholder value, C. J. Clarke & K. Brennan. Part 3: Evaluating Major Strategic Moves. Good and bad investment: the stock market verdict, C. C. Markides & N. A. Berg. Planned divestment - a five step approach, C. J. Clarke & F. Gall. Acquisitions - techniques for measuring strategic fit, C. J. Clarke. Appraising companies for acquisition, D. Cameron. Assessing the risks in acquisitions - the risk-chance analysis, K. Neuburger. Part 4: Management Buy-Outs Add Value. The NFC buy-out - a new form of industrial enterprise, Sir P. Thompson. Part 5: Selling the Value Strategy. How corporate communication of strategy affects share price, R. Higgins & B. Bannister.

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Book SynopsisCost-benefit analysis is a widely used governmental evaluation tool, though academics remain skeptical. This volume gathers prominent contributors for discussion of cost-benefit analysis, specifically its moral foundations, applications and limitations.

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Book SynopsisGovernment spending has increased in the United States since World War II despite the many rules intended to rein in the insatiable appetite for tax revenue most politicians seem to share. This book explains why these budget rules tend to fail, and proposes alternatives for imposing the fiscal discipline on our legislators.Trade Review"There are no other books on budgeting that approach this level of insight or breadth. Rules and Restraint is a fine, and finely crafted, book that will go right to the top of the list of standard textbooks for classes and references for practitioners." - Michael Munger, Duke University"

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Book SynopsisGovernment spending has increased in United States since World War II. Drawing on examples from the federal and state governments, this book explains why these budget rules tend to fail, and proposes original alternatives for imposing much-needed fiscal discipline on our legislators.Trade Review"There are no other books on budgeting that approach this level of insight or breadth. Rules and Restraint is a fine, and finely crafted, book that will go right to the top of the list of standard textbooks for classes and references for practitioners." - Michael Munger, Duke University"

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Book SynopsisComprehensive and edited by leading names, this book takes a critical and discursive approach to the various forms and contexts of fundraising.Fundraising is a maturing profession, but one that is becoming increasingly controversial. Media reports of poor practice have contributed to concerns about the integrity of fundraisers and the uses which have been made of the resources they raise. As a result, a consensus now exists among senior figures in the industry about the changes that are required. Technique is no longer enough. Many more of the next generation of practitioners must be capable of considered reflection, organizational and inter-organizational strategic thinking and value-based leadership.Exploring new developments taking place in the area of fundraising, the specially commissioned articles, by experts in the field move the thinking in the profession beyond its familiar formulae and assumptions, opening up critical debate about the nature, contribution andTrade Review'One of the few genuinely thoughtful books on fundraising currently in print. This text moves beyond the simple 'how-to' and provides real insight into a variety of contemporary issues. Required reading for anyone serious about fundraising.' - Adrian Sargeant, Robert F Hartsook Professor of Fundraising, Indiana University, USA'With increased competition for raising funds and the impact of regulatory requirements there is a demand for both professionalism and management education that goes beyond simple how to do it guides. This book is timely in meeting this need providing an innovative, exploratory and critical dialogue on most areas of fundraising including self regulation.' - Professor Paul Palmer, Charities Course Director, Cass Business School'This book offers contributions from a range of leading authors in the fundraising field. There is no single view of fundraising, but its combination of work on different forms of fundraising, areas of fundraising research, and policy debates for the future will make it a key text for fundraising students.' - Dr Gareth G Morgan, Course Leader - MSc Charity Resource Management, Sheffield Hallam University'This book offers contributions from a range of leading authors in the fundraising field. There is no single view of fundraising, but its combination of work on different forms of fundraising, areas of fundraising research, and policy debates for the future will make it a key text for fundraising students.' - Dr Gareth G Morgan, Course Leader - MSc Charity Resource Management, Sheffield Hallam UniversityTable of ContentsPart 1 1. Two Thousand Years of Disreputable History 2. Different Traditions of Philanthropy 3. Fundraising as Marketing: Half a Truth is Better than None Part 2 4. Know Your Donors 5. The Culture of Elite Philanthropy 6. Measuring and Managing Donor Value 7. Fundraising Campaigns Part 3 8. Getting to Grips with the Demographics of Giving 9. Corporate Sponsorship and Partnerships 10. What Makes Foundations Tick? 11. When is the Price too High? Gaining Funding from Institutional Sources Part 4 12. Benchmarking Fundraising Performance 13. Fundraising Regulation: For Whom and by Whom? 14. Formulating an Income Strategy to Fund the Mission 15. Images in Fundraising 16. Formulating an Income Strategy to Fund the Mission

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Book SynopsisCatastrophic risk is one of the most significant and challenging areas of corporate risk management. Analyze this risk for your company with Catastrophic Risk and make sure you have sufficient resources to absorb losses and avoid financial distress. The first comprehensive volume to address this topic from a financial perspective, this book is a guide to the worst financial risks threatening companies and industries today. Author Eric Banks begins with a consideration of ?catastrophe? and its mplications, looks at the state of actuarial and financial modelling of catastrophe risks, and discusses the creation of a risk management framework that will enable the efficient and secure management of exposure. Catastrophic Risk is essential reading if you''re a corporate treasurer, CFO, or insurance/financial risk manager responsible for corporate risk management. Order your copy today.Trade Review"...useful to have at hand...Risk, of whatever nature, remains something that needs to be addressed at all times." (Accounting Technician, August 2005) “It is a beautifully clear book…enlightening… one which turns a complex and potentially off-putting subject into a remarkably interesting one.” (Strategic Risk, June 2007)Table of ContentsAcknowledgments ix About the author xi PART I IDENTIFICATION AND ANALYSIS OF CATASTROPHIC RISK 1 1 Catastrophe and Risk 3 1.1 Introduction 3 1.2 The nature of catastrophe 5 1.2.1 A definition 5 1.2.2 Frequency 5 1.2.3 Vulnerability 8 1.2.4 Measuring severity 11 1.3 The scope of impact 11 1.4 Catastrophe and the risk management framework 13 1.5 Overview of the book 15 2 Risk Identification I: Perils 17 2.1 Natural catastrophe 18 2.1.1 Geophysical 19 2.1.2 Meteorological/atmospheric 22 2.1.3 Other natural disasters 26 2.2 Man-made catastrophe 29 2.2.1 Terrorism 29 2.2.2 Industrial contamination 31 2.2.3 Technological failure 32 2.2.4 Financial dislocation 33 2.3 Mega-catastrophe and clash loss 34 3 Risk Identification II: Regional Vulnerability 35 3.1 Spatial impact of natural catastrophes 36 3.1.1 Bermuda and the North American Atlantic Coast 36 3.1.2 Florida 36 3.1.3 North American West Coast 37 3.1.4 US Great Plains/Midwest 38 3.1.5 Caribbean 39 3.1.6 Mexico 39 3.1.7 Japan 40 3.1.8 South Asia/Southeast Asia 41 3.1.9 Middle East/Near East 43 3.1.10 Europe 43 3.2 Spatial impact of man-made catastrophes 44 3.2.1 North America 46 3.2.2 Europe 47 3.2.3 Asia/Pacific 47 3.3 Urban vulnerabilities 47 4 Modeling Catastrophic Risk 49 4.1 The development and use of models 49 4.2 The goals of catastrophe modeling 50 4.3 General model construction 51 4.3.1 Phase one: Hazard/peril assessment 52 4.3.2 Phase two: Vulnerability assessment 55 4.3.3 Phase three: Contract assessment 59 4.3.4 A general example 60 4.3.5 Other perils 63 4.4 Challenges 64 4.4.1 Model characteristics and assumptions 65 4.4.2 Model validation 66 4.4.3 Tail risks 67 4.4.4 Data quality and granularity 67 PART II MANAGEMENT OF CATASTROPHIC RISK 69 5 Catastrophe and the Risk Management Framework 71 5.1 Active risk management 71 5.1.1 Enterprise value, liquidity, and solvency 72 5.1.2 Loss control, loss financing, and risk reduction 74 5.2 Risk monitoring 81 5.3 Private and public sector efforts 82 5.4 Sources of capital 83 5.4.1 Insurers/reinsurers 83 5.4.2 Investment funds 84 5.4.3 Financial institutions 85 5.5 Toward active risk management 85 6 Catastrophe Insurance and Reinsurance 87 6.1 Insurable risk and insurance 87 6.1.1 Full insurance 88 6.1.2 Partial insurance 88 6.1.3 Captives 89 6.2 Catastrophe insurance 89 6.3 Reinsurance 92 6.3.1 Facultative and treaty reinsurance 92 6.3.2 Proportional and excess of loss agreements 93 6.4 Catastrophe reinsurance 95 6.5 Market cycles 98 6.6 Internal risk management 101 6.7 Challenges 103 6.7.1 Pricing difficulties 103 6.7.2 Earnings and capital volatility 104 6.7.3 Concentrations 106 6.7.4 Limits to insurability/uninsurable risks 106 6.7.5 Lack of insurance/reinsurance penetration 107 6.7.6 Capacity constraints 107 6.7.7 Contagion effects and systemic concerns 108 7 Catastrophe Bonds and Contingent Capital 111 7.1 Overview of securitization 111 7.2 Catastrophe bonds 112 7.2.1 Standard structures 112 7.2.2 Innovations 120 7.2.3 Market focus and direction 123 7.3 Contingent capital 124 7.3.1 Standard structures 125 7.3.2 Contingent debt 126 7.3.3 Contingent equity 128 7.4 Challenges 131 7.4.1 Structural flaws 132 7.4.2 Regulatory differences 132 8 Catastrophe Derivatives 135 8.1 Overview of derivatives 135 8.1.1 Exchange-traded derivatives 136 8.1.2 OTC derivatives 137 8.2 Exchange-traded catastrophe derivatives 139 8.3 OTC Catastrophe derivatives 140 8.3.1 Catastrophe reinsurance swaps 140 8.3.2 Pure catastrophe swaps 142 8.3.3 Synthetic OTC structures 142 8.4 Challenges 144 8.4.1 Index construction and basis risks 144 8.4.2 Lack of contract transparency 144 8.4.3 One-way markets 145 8.4.4 Pricing difficulties 145 8.4.5 Regulatory barriers 145 9 Public Sector Management and Financing 147 9.1 Forms of public sector involvement 147 9.1.1 Ex ante loss control measures 147 9.1.2 Insurance/reinsurance 148 9.1.3 Ex post crisis management 156 9.1.4 Financing and subsidies 157 9.1.5 Financial regulation 158 9.2 Challenges 159 9.2.1 Voluntary versus mandatory measures 159 9.2.2 Public and private sector responsibilities 160 9.2.3 Lack of market access and capacity 161 10 Outlook and Conclusions 163 10.1 Loss control 163 10.1.1 Loss control implementation 163 10.1.2 Enforcing urban planning 163 10.2 Quantification 164 10.2.1 Modeling requirements 164 10.2.2 Transparency 164 10.2.3 Complexity of terrorism 165 10.3 Loss financing 165 10.3.1 Vulnerabilities and risk capacity 165 10.3.2 Discriminatory funding and insurance 166 10.4 Government participation 166 10.4.1 Optimal government role 166 10.4.2 Limited government resources 167 10.4.3 Adverse incentives 167 10.4.4 Market deregulation 168 10.5 General management 168 10.5.1 Sub-optimal management 168 10.5.2 Sustainability of solutions 169 10.5.3 Preparing for the mega-catastrophe 169 10.5.4 Amalgamated solutions 169 10.5.5 Learning from past events 170 Bibliography 171 Index 175

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Book SynopsisAs the industry environment transforms from a completely regulated setting to a broader, deregulated marketplace, new market participants must understand planning and operations of power systems to effectively participate in markets.Trade Review"…'an ideal reference for professionals and private service sectors.' Thus it is for power industry professionals." (CHOICE, September 2007) "...a comprehensive book by an insider..." (Electrical Apparatus, July 2007)Table of ContentsPreface xi Acknowledgments xv Figure Citations xvii About the Author xix 1. Overview 1 1.1 The Power Delivery Chain in a Vertically Integrated Utility 1 1.2 The Power Delivery Chain in a Market Environment 3 2. Energy, Load, and Generation Technologies 7 2.1 Energy, Power, and their Measurements 7 2.2 Load 14 2.3 Generation Technologies 21 3. The Grid 49 3.1 Fundamentals: Load, Generation, and Alternating Current 49 3.2 Grid Equipment 56 3.3 Grid Reliability and Contingency Requirements 64 3.4 Grid Configuration 67 3.5 Grid Operations 72 3.6 Blackout August 14, 2003 76 4. Short-Term Utility Planning 81 4.1 Planning and Execution of Dispatch: Day-Ahead Planning Through Real-Time Delivery 81 4.2 Day-Ahead Demand Forecasting: Load and Ancillary Service Requirements 84 4.3 Least-Cost Dispatch in a Single Control Area: A Simple Model 89 4.4 A Solution Using Profit Maximization 95 4.5 Least-Cost Dispatch in a Single Control Area with Operating Constraints 99 4.6 Least-Cost Dispatch in a Single Node with Spinning Reserve and Regulation 111 4.7 Least-Cost Dispatch in a Network 113 4.8 Real Time 120 5. Long-Term Utility Planning 122 5.1 Project Development 122 5.2 The Planning Process 127 5.3 Long-Term Load Forecasting 129 5.4 A Simplified Look at Generation Capacity Additions 131 5.5 Generation Additions and Retirements Within a Single Control Area 143 5.6 Generation Additions and Retirements with Transmission to a Single Control Area 147 5.7 Generation Additions and Retirements and Transmission Additions Within a Network 148 5.8 Reserve Reuqirements 151 6. Midterm Utility Planning 152 6.1 Informational Requirements 152 6.2 Formulation of the Optimization Problem 156 7. A Market Environment 161 7.1 Principles and Architecture 161 7.2 Short-Term Market Design: Day-Ahead Scheduling Through Real-Time Delivery 164 7.3 Long-Term Market Design: No Clear Solutions 170 7.4 Midterm Market Design 173 8. Asset Management in Short-Term Markets 180 8.1 Retailers 180 8.2 Power Producers 183 8.3 Integrated Energy Companies 189 9. Investment Analysis: Long-Term Planning in a Market Environment 192 9.1 Investment Setting in Utility and Market Environments 192 9.2 Project Analysis for a Merchant Plant 193 9.3 Power Purchase Agreements (Long-Term Contracts) 202 10. Risk Management in the Midterm Markets 211 10.1 Retailer Risk 211 10.2 Power Producer Risk 214 10.3 A Quick Risk Primer in Statistics for Risk Management 215 10.4 Risk Management in Midterm Markets: Retailers 229 10.5 Risk Management in Midterm Markets: Power Producers 252 10.6 Risk Management in Midterm Markets: Integrated Electricity Suppliers 274 11. The California Experience 278 11.1 Market Fundamentals 279 11.2 Short-Term Market Structure: The CALPX, CAISO, and Other Market Participants 281 11.3 Fatboy, Get Shorty, Ricochet, and Death Star 286 11.4 Market Contrast: PJM and California 288 Bibliography 291 Index 294

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Book SynopsisWritten in an approachable style with short sections, visual icons and navigation aids, numerous bulleted lists and summary tables, and the use of graphical representations where appropriate to illustrate the text.Table of ContentsPreface ix 1 INTRODUCTION 1 The Big Paradox 1 What Is Financial Management? 2 First Stop: Financial Accounting 2 Why Construction Accounting Is Different from Accounting in Other Business Sectors 4 Who Is at Risk? 5 Projects: The Output of the Construction Process 6 Project-Level Controls 7 Time Value of Money 8 Entrepreneurial Issues 8 Review Questions and Exercises 9 2 UNDERSTANDING FINANCIAL STATEMENTS 11 Introduction 11 Why Should You Care about Accounting? 12 Generally Accepted Accounting Principles 12 Cash and Accrual Bases: Two Ways to Look at Accounting 13 Cash Basis of Accounting 14 Accrual Basis of Accounting 15 Accounts 16 Account Hierarchy 16 Financial Reports 17 Bookkeeping 19 The Balance Sheet 20 Balance Sheet Layout 21 Balance Sheet Account Categories in Detail 21 The Fundamental Accounting Equation 22 Asset Values 23 The Fundamental Equation and Owners’ Risk 24 Balance Sheet for Fudd Associates, Inc. 24 Key Accounts 26 The Income Statement 29 Components of an Income Statement – More Details 32 The Statement of Cash Flows 35 Contract Backlog 37 Public Corporations 38 Review Questions and Exercises 39 3 ANALYZING COMPANY FINANCIAL DATA 43 Introduction 43 Vertical and Horizontal Analyses 44 Vertical Analysis: Financial Ratios 44 Liquidity Indicators: Can This Company Get Cash in a Hurry? 45 Current Ratio 45 Quick Ratio 46 Working Capital 47 Profitability Indicators: Is This Company Making Enough Profit? 48 Return on Equity 48 Return on Revenue 50 Return on Assets 51 Earnings Per Share 51 Efficiency Indicators: How Long Does It Take a Company to Turn over Its Money? 52 Average Age of Inventory 53 Average Age of Accounts Receivable (Collection Period) 55 Average Age of Accounts Payable 56 Other Average Ages 57 Operating Cycle 57 Turnover Ratios 58 Revenue to Assets Turnover 58 Capital Structure Indicators: How Committed Are the Owners? 59 Debt to Equity 60 Assets to Equity (Leverage) 60 Other Indicators 60 Horizontal Analysis: Tracking Financial Trends 62 Time Series Graphs 62 Index-Number Trend Series 63 Conclusion 63 Review Questions and Exercises 64 4 ACCOUNTING BASICS 71 Introduction 71 Transaction Processing 71 Journalizing the Transaction 73 A Transaction to Enter Initializing Capital 74 A Vendor Billing Transaction 74 A Billing to the Client 76 Posting Entries to the Ledger 78 Relationship of Work-in-Progress and Revenue/Expense Accounts 80 Closing the Accounting Cycle 82 Recognition of Income 83 Percentage-of-Completion Method of Income Recognition 83 Completed-Contract Method of Income Recognition 85 Transactions during a Period 86 Posting to the General Ledger during the Accounting Period 88 Closing Actions at the End of the Period 91 Review Questions and Exercises 93 5 PROJECT-LEVEL COST CONTROL 97 Objectives of Project-Level Cost Control in Construction 97 Unique Aspects of Construction Cost Control 98 Types of Costs 99 The Construction Estimate 99 Cost Control System 101 Building a Cost Control System 101 Cost Accounts 103 Cost Account Structure 104 Project Cost Code Structure 106 Cost Accounts for Integrated Project Management 110 Earned Value Analysis 113 Labor Data Cost Collection 122 Review Questions and Exercises 125 6 FORECASTING FINANCIAL NEEDS 129 Importance of Cash Management 129 Understanding Cash Flow 129 Retainage 131 Project Cost, Value, and Cash Profiles 131 Cash Flow Calculation—A Simple Example 133 Peak Financial Requirements 136 Getting Help from the Owner 137 Optimizing Cash Flow 138 Project Cash Flow Estimates 141 Using Software for Cash Flow Computations 144 Company-Level Cash Flow Planning 145 Strategic Cash Flow Management: “Cash Farming” 145 Project and General Overhead 146 Fixed Overhead 148 Considerations in Establishing Fixed Overhead 149 Breakeven Analysis 151 Basic Relationships Governing the Breakeven Point 154 Review Questions and Exercises 155 7 TIME VALUE OF MONEY AND EVALUATING INVESTMENTS 161 Introduction 161 Time Value of Money 162 Interest 162 Simple and Compound Interest 163 Nominal and Effective Rate 165 Equivalence and MARR 166 Discount Rate 167 Importance of Equivalence 167 Inflation 168 Sunk Costs 169 Cash Flow Diagrams 169 Annuities 171 Conditions for Annuity Calculations 173 Calculating the Future Value of a Series of Payments 174 Summary of Equivalence Formulas 175 Worth Analysis Techniques: An Overview 176 Present Worth Analysis 179 Investments with Different Life Spans 180 Equivalent Annual Worth (EAW) 181 Internal Rate of Return 183 Limitations of the IRR Method 185 An Example Involving Cost Recovery 186 Comparison Using EAW 188 An IRR Example—Owner Financing Using Bonds 191 Review Questions and Exercises 194 8 CONSTRUCTION LOANS AND CREDIT 199 Introduction 199 The Construction Financing Process 200 A Sample Developmental Project 202 The Amount of the Loan 204 How Is the Cap Rate Determined? 205 Mortgage Loan Commitment 206 Construction Loan 206 Commercial Lenders 208 Lines of Credit 209 Interest Paid on Outstanding Balance 210 Commitment Fees 211 Compensating Balances 211 Clean-Up Requirement 212 Collaterals 212 Accounts Receivable Financing 213 Trade Credits 213 Long Term Financing 215 Loans with End-of-Term Balloon Payments 216 Review Questions and Exercises 218 9 THE IMPACT OF TAXES 219 Introduction 219 Types of Taxes 220 Income Tax Systems 221 Alternatives for Company Legal Organization 221 Sole Proprietorships 222 Partnerships 222 Corporations 222 Limited Liability Partnerships and Companies 223 Other Options 224 Taxation of Business 224 Business Deductions in General 227 Taxable Income: Individuals 227 Itemized Deductions, Standard Deductions, and Personal Exemptions 228 The Tax Significance of Depreciation 229 Calculating Depreciation 230 Straight Line Method 231 The Production Method 232 Depreciation Based on Current Law 233 Marginal Tax Rates 235 Tax Credits 238 Tax Payroll Withholding 239 Tax Payment Schedules 239 Marginal, Average, and Effective Tax Rates 239 Net Operating Losses 240 Taxes on Dividends and Long-Term Capital Gains 242 Alternative Minimum Tax 242 Summary 243 Review Questions and Exercises 243 APPENDIX A TYPICAL CHART OF ACCOUNTS 247 APPENDIX B FURTHER ILLUSTRATIONS OF TRANSACTIONS 251 APPENDIX C COMPOUND INTEREST TABLES 275 References 301 Index 305

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Book SynopsisGrantwriters often have little or no training in the practical task of grantseeking. In Storytelling for Grantseekers, Second Edition , Cheryl Clarke presents an organic approach to grantseeking, one that views the process through the lens of the pleasures and rewards of crafting a good story.Table of ContentsExamples ix Foreword xi Preface xv Acknowledgments xix The Author xxi Introduction: Why Storytelling? 1 One: First Steps: Getting Ready for Grantseeking 5 Two: Research and Relationships: Finding and Cultivating Your Audience 17 Three: The Short Story: Writing Letters of Inquiry 37 Four: The Proposal Narrative: Introducing the Characters and the Place 47 Five: The Need or Problem: Building Tension and Conflict into Your Story 65 Six: Goals, Objectives, and Methods: Making Changes by Addressing the Problem 87 Seven: Evaluation and Future Funding: Writing the Epilogue and Planning for a Sequel 101 Eight: The Budget: Translating Your Story from Words to Numbers 113 Nine: The Summary, Titles, and Headings: Preparing Your Marketing Copy 131 Ten: Packaging: Publishing Your Proposal Story 141 Eleven: Site Visits and Beyond: Interacting with Funders 159 Twelve: Beyond Grants: Applying the Storytelling Method 169 Afterword 177 Appendix: The Final Manuscript: Two Letter Proposal Samples 179 Index 185

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Book SynopsisValuing Early Stage and Venture-Backed Companies Unique in the overall sphere of business valuation, the valuing of early stage and venture-backed companies lacks the traditional metrics of cash flow, earnings, or even revenue at times. But without these metrics, traditional discounted cash flow models and comparison to public markets or private transactions take on less relevance, calling for a more experiential valuation approach. In a straightforward, no-nonsense manner, the mystique surrounding the valuation of early stage and venture-backed companies is now unveiled. With an emphasis on applications and models, Valuing Early Stage and Venture-Backed Companies shows the most effective way for your company to prepare and present its valuations. Featuring contributed chapters by a panel of top valuation experts, this book dispels improper valuation techniques promulgated by unknowing business appraisers and answers your key questions about valuation theory Table of ContentsPreface ix Acknowledgments xi About the Author xiii CHAPTER 1 Laying the Foundation 1 A Unique Landscape 1 An Overview of the Venture Capital Industry 8 Conclusion 14 CHAPTER 2 Understanding Early Stage Preferred Stock Rights 17 Stock Rights 19 Contractual Rights 28 Conclusion 32 CHAPTER 3 Enterprise Valuation Approaches 35 Relevancy of Traditional Valuation Approaches 35 Cost Approach 40 Market Approach 43 Income Approach 45 “Vectoring” Valuation Approach 46 The Income Approach as an Oxymoron 53 Conclusion 58 CHAPTER 4 Application of the Option-Pricing Method in Allocating Enterprise Value 59 Important Assumptions Underlying the Option-Pricing Model 61 Option-Pricing Method Steps in Application 66 Other Considerations in the Option-Pricing Method 86 Pros and Cons of the Option-Pricing Model 87 Conclusion 88 CHAPTER 5 Application of the Probability-Weighted Expected Returns Method in Allocating Enterprise Value 89 Illustration of the PWERM 90 PWERM Critical Assumptions 94 Overview of Stock Rights 96 Identification of Outcomes 98 Updating PWERM Analyses 104 Conclusion 105 CHAPTER 6 Applicable Discounts for Early Stage Companies 107 Basis of Discounts 108 Suggested “Corrections” to the Current Use of Put Models for Quantifying DLOMs 114 Dilution Discount 119 The Likelihood of Liquidity 120 Conclusion 123 CHAPTER 7 Advanced Valuation Topics for Early Stage Companies 125 Utilizing the OPM as a “Valuation” Methodology 127 Sequential and Compound Options 127 Allocating the Residual Value 131 Further Extensions for Compound Options 137 Venture Capital Rates of Return 139 Executive Stock Compensation 143 Conclusion 143 APPENDIX A Allocation of Enterprise Value Using the Option-Pricing Method: Treatment of Derivatives on Common Stock 145 APPENDIX B Volatility in the Option-Pricing Model 155 Notes 175 Index 179

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Book SynopsisA NONPROFIT SURVIVAL KIT for HARD TIMES This is a must-read for all of us in fundraising. Mal Warwick includes practical approaches for difficult economic times, from zero-based thinking about our programs to strategies for relating to our donors and making certain our fundraising programs are prepared to succeed not only now but when the economy recovers.Eugene R. Tempel, president, Indiana University Foundation Brilliant! No nonprofit organization can afford to ignore the insightful advice Mal Warwick offers in this concise and eminently readable book. It''s practical, down-to-earth, and addresses the complex, real-world challenges of raising money in tough times.Ben Jealous, president, NAACP Fundraising When Money Is Tight is an important book in a difficult time for all. This is the right book for anyone who is committed to advancing the public good.Jane Wales, founder, Global Philanthropy Forum, and vice Table of ContentsPreface—Who Should Read This Book xix Acknowledgments xxi About the Author xxv Introduction—When Bad Things Happen to Good Causes xxxi Part One Why You Really Ought to Make Changes in Your Fundraising Program 2 1 What History Teaches Us 5 2 A Proven Way to Anticipate the Future 17 3 Three Scenarios for Economic Recovery 27 4 Three Possible Fundraising Strategies 39 5 Identify a Winning Strategy 49 Part Two How You Can Face the Present More Calmly and the Future with Confidence 58 6 Reassess the Whole Ball of Wax: Fundraising, Marketing, Communications 61 7 Strengthen Your Case for Giving 75 8 Be Content with One in the Hand—Forget the Two That May Be in the Bush 85 9 Cut Costs with a Scalpel, not an Ax 101 10 Fish Where the Big Fish Are 119 11 Stay Close to Your Donors 131 12 Get Personal with Your Donors 147 13 Step Up Your Efforts Online 167 14 Break Down the Silos 179 15 Summary: Nine Practical Steps Toward Peace of Mind 189 Reading List 199 Index 207

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Book SynopsisA simple and effective guide to the mechanics of finance and corporate structure Corporate structure and finance has become complicated in today''s times and even more so by the current market turbulence. Essentials of Corporate and Capital Formation enables you to decide on the appropriate structure by which to form a business, identifies capital raising alternatives, and supplies sample documents to comply with applicable state and federal securities laws. Explains ways to form a business and finance it Reveals how to avoid securities laws pitfalls Practical terms and examples of the necessary mechanics of finance and corporate structure Helps analyze the decision to go public and provides pointers on operating a public company With coverage of private equity, public markets, mezzanine debt, common stock, debt vs. equity, and much more, Essentials of Corporate and Capital Formation shows entrepreneurs and bTable of ContentsPreface. About the Web Site. Acknowledgments. 1 Corporate Structure. Proprietorships. Partnerships. Limited Partnerships. Limited Liability Companies. Operating Agreement. Management. Corporations. Summary. 2 Initial Capital Formation. Debt. Other Forms of Straight Debt. Convertible Debt. Mezzanine or Hybrid Debt. Equity. Common Stock. Preferred Stock. Convertible Preferred Stock. Mandatory Redeemable Preferred Stock. Dilution. Summary. 3 Finding the Capital. Are There Really Angels in Heaven? Venture Capital. Private Placements. Summary. 4 Pitfalls. Regulation 506 D: Areas of Opportunity and Uncertainty. Subscription Documents. Investor Count. Risk Factors. Offering Documents. Form D. Placement Agents and Finders. Romanian Raise. Summary. 5 Public Markets: Are They Right For You? What It Means to Become a Public Company. Benefits and Opportunities. Drawbacks. Decision to Go Public. Advance Planning. Summary. 6 Entering the Public Markets Conventionally. Formal Process: Underwriting. Who Gets Involved? Underwriting the Offering. Selecting the Underwriters. Beauty Contest. Working with the Underwriters. Registration Process. Due Diligence. Filing and the SEC. Completing the Offering. Expenses. Summary. 7 The Public Markets—Other Issues. Reverse Merger (Shell Game). Transaction Process. Benefits. Taint. Pump and Dump. Taking Appropriate Precautions. Making the Shares Trade. Operating a Public Company. Summary. 8 Exit Strategies. What Is an Exit Strategy? Role of Management. Entrepreneur versus Executive. Determination of Goals and Direction of the Company. Evolution of Executive Concerns. Development of the Strategic Plan. Why Is Strategic Planning Important? Real Exit. Process. Historical Financial Statements. Quality of Earnings. Meeting with the Auditors. Forecasts and Projections. Structuring the Deal. Allocating Purchase Price. Financial Covenants. Debt Repayment Schedule. Reporting Requirements. Management and Administration. Transaction (Closing). Summary. 9 Success In the Real World. Formation Process. Capital Raising. Capital Sources. Going Public. Summary. About the Author. Index.

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Book SynopsisProviding a balanced and practical approach to capital management and budgeting, this book covers the full spectrum of capital investments, from the basics through the latest innovations. It is aimed at managers who are involved in capital investment decisions: setting company capital investment policy; performing project analyses; and drafting recommendations. Those in top management will benefit from discussions of strong and weak points of various methods and concepts. Included in the arsenal of capital investment tools in this book are concepts of proven usefulness, such as the MAPI method, no longer available in other works on the topic of capital budgeting, and other topics not covered elsewhere, such as abandonment analysis.Table of ContentsPreface. Acknowledgments. Introduction: The big picture, environment, terminology, and preview. The objective of capital budgeting. Estimating basic project characteristics. Cost of capital. Traditional methods that ignore time-value of money. Traditional methods that recognize time-value of money: the net present value. Traditional methods that recognize time-value of money: the internal rate of return. Reinvestment rate assumptions for NPV and IRR and conflicting rankings. The MAPI method. The problem of mixed cash flows: I. The problem of mixed cash flows: II. Appendix: The problem of mixed cash flows III—a two-stage method of analysis. Leasing. Appendix. Leveraged leases. Alternative investment measures. Project abandonment analysis. Multiple project capital budgeting. Appendix to multiple project capital budgeting. Utility and risk aversion. Single project analysis under risk. Multiple project selection under risk: computer simulation and other approaches. Multiple project selection under risk: portfolio approaches. The capital asset pricing model. Multiple project selection under risk. Real options. Appendix: Financial mathematics tables and formulas. Bibliography. Index.

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Book SynopsisCompanies today are undergoing constant structural change as the result of new business models, mergers, acquisitions, and de--mergers. This book explains why the CFO is in a unique position to integrate business systems and shape the corporation of the future.Table of Contents1 From Complexity to Simplicity 1 What Issues are Today’s CFOs Grappling With? 6 Best Practices in Finance: What’s Next? 12 The New Finance Value Proposition 16 Integration: What it Means for You as CFO 20 CFO Checklist 25 2 Leveraging your ERP Investment 27 What does Integration Mean for the CFO? 32 Unravelling System Spaghetti 36 Beyond ERP 42 Reducing Complexity 46 A Vision for the Post ERP Era 49 Making Integration Work for You 57 CFO Checklist 60 3 Streamlining the Financial Supply Chain 63 What is the Financial Supply Chain? 66 Leveraging the Benefits 66 In-house Cash and Banking 73 Order-to-cash/Electronic Bill Presentment and Payment 80 Purchase-to-pay 90 Simplifying Billing and Payment: Bill Consolidation 91 e-Financing and e-Settlement: A Promising New Tool 93 The Future: Integration and Collaboration 96 CFO Checklist 100 4 Moving from “Shared” to “Managed” Services 103 Why Move to Shared Services? 106 Shared Services Today 111 Physical versus Virtual SSCs: The Lights Are Still On! 113 To Outsource – or Not to Outsource? 115 Evolving Technology: What’s New, Faster, Better 122 Applications Management and Managed Services 124 Evolving Exchanges: Huge Promise and Tough Reality 130 The Potential for Web Services 137 Making it Happen 144 CFO Checklist 150 5 Connecting Strategy with Operations 153 Introducing Strategic Enterprise Management (SEM) 157 Tracking Corporate Performance 160 Integrated Risk Management 166 Blow Up the Budget! 171 Operational Planning and Simulation 177 Business Consolidation and Integration 179 Implementing Integrated SEM 185 CFO Checklist 194 6 Analytics: Converting Data into Action 197 Broader Bottom-line Demands 202 Integrated Analytics: Transforming Data into Decisions 205 Increasing Customer Value through Analytics 207 Bringing Analytics to Supply Chain Management 214 Analytics: Transforming the Finance Function 220 Enriching Product Life Cycle Management (PLM) 227 Improving Human Resource (HR) Analytics 232 Getting Started: Analytics Critical Success Factors 235 CFO Checklist 241 7 Collaboration via the CFO Portal 243 Doubling Productivity 246 Choosing the Right Portal 249 Integration Outweighs Best-of-breed Technology 254 The Personalized Desktop 255 Why should the CFO Drive Portals? 258 A Journey, not a Destination 265 Growing your Finance Community 272 CFO Checklist 277 8 Managing Intangibles 279 Intangible Assets: The New Value Drivers 282 The Problems with Traditional Accounting 283 A New Approach to Performance Management 287 The Enterprise Control Panel 293 Harnessing Innovation and Customer Relationships 295 Value Creation through Value Networks 299 New Processes, New Skills, New Systems 304 Communicating Value Internally and Externally 305 CFO Checklist 313 9 Integrating for Corporate Integrity 315 Global GAAP and Accountability for Value 319 Rebuilding Public Trust 322 CFO as Independent Business Partner 326 The Corporate Reporting Supply Chain 327 Closing the Information Gap 331 Timely and Accurate Financial Reporting 333 Integrating Processes, People, and Technology 337 CFO Checklist 347 Epilogue 349 Biographies 353 Notes 359 Index 363

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Book SynopsisThe completely revised and expanded edition of a fundraising classic Strategic Fund Development became an instant classic the day the first edition was released. Now in this expanded third edition, it has been revised cover-to-cover with relevant new information and useful new tools and resources.Table of ContentsForeword. Preface: Do You Need this Book? Acknowledgements. About the Author. Chapter 1: Let's Start Here: An Important Introduction. Appendix A-1: The Myth of “More Visibility” and “Greater Community Awareness”. Chapter 2: Positioning Your Organization to Survive: The Four Relationships That Are Critical to Effective and Productive Fund Development (and Healthy Organizations). Chapter 3: The First Relationship – Within Your Organization: Creating the Infrastructure That Produces a Healthy Organization. Appendix 3-A: Questions for Building an Effective Board. Appendix 3-B: Consensus Decision Making. Chapter 4: The Fund Development Professional: Choosing Your Road – Organizational Development Specialist or Just another Fundraising Technician. Appendix 4-A: Job Description for Chief Development Officer. Chapter 5: The Art of Leadership: A Critical Component of the First Relationship. Chapter 6: The Second Relationship – With Your Community: Ensuring Your Organization's Relevance through Strategic Planning. Appendix 6-A: Governance Self-Assessment. Appendix6-B: Focus Group and Key Informant Questions for the Audubon Society of Rhode Island and the Steel Yard. Appendix 6-C: Sample retreat formats. Appendix 6-D: Strategic Planning Retreat Agenda for the Steel Yard. Appendix 6-E: Strategic Plan for the Audubon Society of Rhode Island. Chapter 7: The Third Relationship – With Your Constituents: Nurturing Relationships to Build Loyalty. Appendix 7-A: Cultivation Ideas. Chapter 8: The Fourth Relationship – With Your Volunteers: Enabling Them to Take Meaningful Action on Behalf of Your Organization. Appendix 8-A: Passionate Board Member Running Wild: A Real-Life Story with an Enabling Response. Appendix 8-B: Assess Your Performance as an Enabler. Entr’acte: Bridging the Gap. Chapter 9: Creating the Most Effective Fund Development Plan for Your Organization: A Plan That Produces Ownership and Results. Appendix 9-A: Creating an effective fund development program. Appendix 9-B: Job description of the Fund Development Committee. Appendix 9-C: Strategy Analysis grid (with measures) for the Community Foundation for Greater New Haven. Appendix 9-D: Fund Development Plan for the Women’s Fund of Rhode Island. Chapter 10: Going Back to the Beginning: In Conclusion. List of Appendices on the Companion Website. Notes. Index.

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Book SynopsisThe essential reference for financial risk management Filled with in-depth insights and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide.Table of ContentsPreface. About the Author. About GARP. Introduction. PART ONE Foundations of Risk Management. CHAPTER 1 Risk Management. PART TWO Quantitative Analysis. CHAPTER 2 Fundamentals of Probability. CHAPTER 3 Fundamentals of Statistics. CHAPTER 4 Monte Carlo Methods. CHAPTER 5 Modeling Risk Factors. PART THREE Financial Markets and Products. CHAPTER 6 Bond Fundamentals. CHAPTER 7 Introduction to Derivatives. CHAPTER 8 Option Markets. CHAPTER 9 Fixed-Income Securities. CHAPTER 10 Fixed-Income Derivatives. CHAPTER 11 Equity, Currency, and Commodity Markets. PART FOUR Valuation and Risk Models. CHAPTER 12 Introduction to Risk Models. CHAPTER 13 Managing Linear Risk. CHAPTER 14 Nonlinear (Option) Risk Models. PART FIVE Market Risk Management. CHAPTER 15 Advanced Risk Models: Univariate. CHAPTER 16 Advanced Risk Models: Multivariate. CHAPTER 17 Managing Volatility Risk. CHAPTER 18 Mortgage-Backed Securities Risk. PART SIX Credit Risk Management. CHAPTER 19 Introduction to Credit Risk. CHAPTER 20 Measuring Actuarial Default Risk. CHAPTER 21 Measuring Default Risk from Market Prices. CHAPTER 22 Credit Exposure. CHAPTER 23 Credit Derivatives and Structured Products. CHAPTER 24 Managing Credit Risk. PART SEVEN Operational and Integrated Risk Management. CHAPTER 25 Operational Risk. CHAPTER 26 Liquidity Risk. CHAPTER 27 Firmwide Risk Management. CHAPTER 28 The Basel Accord. PART EIGHT Investment Risk Management. CHAPTER 29 Portfolio Risk Management. CHAPTER 30 Hedge Fund Risk Management. Index.

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Book SynopsisNo other management tool provides the operational direction that a well-planned budget can. Now in a new edition, this book provides updated coverage on issues such as budgeting for exempt organizations and nonprofits in light of the IRS'' newly issued Form 990; what manufacturing CFOs'' budgeting needs are; current technology solutions; and updated information on value-based budgets. Controllers, budget directors, and CFOs will benefit from this practical how-to book''s coverage, from the initial planning process to forecasting to specific industry budgets.Table of ContentsForeword xv Preface xvii Part One: Introduction to the Budgeting Process Chapter 1: Integrating the Balanced Scorecard for Improved Planning and Performance Management 3 Overview 3 Elements of a Balanced Scorecard 5 Use of Strategy Maps 11 Scorecard Cascading 12 Bringing It All Together 13 Integrating the Scorecard with Planning and Performance 14 Balanced Scorecard and Annual Planning 15 Continuous Strategic Management with the Scorecard 22 Summary 24 Chapter 2: Strategic Balanced Scorecard–Based Budgeting and Performance Management 25 Introduction: Why Most Companies Fail to Implement Their Strategies 25 Why a few Companies Produce Exceptional Results 26 Measure your Strategy with Balanced Scorecard 34 Balanced Scorecard-Based Budgets 37 Performance Management 38 Summary 39 Chapter 3: Budgeting and the Strategic Planning Process 41 Definition of Strategic Planning 41 Planning Cycle 42 Strategic Planning Process: A Dynamic Cycle 44 Situation Analysis 46 Business Direction/Concept 58 Alternative Approaches 61 Operational Plan 62 Measurement 66 Feedback 66 Contingency Planning 68 Problems in Implementing Formal Strategic Planning Systems 69 Summary 70 Chapter 4: Budgeting and Forecasting: Process Tweak or Process Overhaul? 71 Introduction 71 Survey Methodology 72 Findings: Budgeting Process 72 Findings: Forecasting Process 86 Report Summary 89 Developing a Road Map for Change 90 Chapter 5: The Budget: An Integral Element of Internal Control 93 Introduction 93 The Control Environment 94 Planning Systems 96 Reporting Systems 98 Summary 102 Chapter 6: Relationship Between Strategic Planning and the Budgeting Process 103 Introduction 103 How to Plan 103 The Audience for Whom the Plan Is Designed 104 Strategic Business Planning and Its Role in Budgeting 105 Planning Differences among Small, Medium, and Large Organizations 106 Components of Strategic Planning 107 Management and Organization 108 Market Analysis 110 Formulation of Marketing Strategies 111 Operations Analysis 112 Summary 114 Chapter 7: The Essentials of Business Valuation 115 Introduction 115 Understanding the Valuation Assignment 117 Research and Information Gathering 120 Adjusting and Analyzing the Financial Statements 123 Three Approaches to Valuing a Business 125 Income Approach 125 Market Approach 132 Asset Approach 135 Making Adjustments to Value 136 Reaching the Valuation Conclusion 141 Chapter 8: Moving Beyond Budgeting: Integrating Continuous Planning and Adaptive Control 145 Introduction 145 Annual Budgeting Trap 146 Why Some Organizations Are Going Beyond Budgeting 147 Beyond Budgeting: Enabling a More Adaptive Performance Management Process 148 Climbing the Twin Peaks of Beyond Budgeting 152 Beyond Budgeting: Enabling Radical Decentralization 153 Chapter 9: Moving Beyond Budgeting: An Update 161 Introduction 161 Beyond Budgeting Round Table (BBRT) 162 Guardian Industries Corporation 163 Part Two: Tools and Techniques Chapter 10: Implementing Forecasting Best Practices 169 Introduction 169 Budgeting versus Forecasting 170 Implementing Forecasting Best Practices 170 Forecasting Best Practices: Process 171 Forecasting Best Practices: Organization 174 Forecasting Best Practices: Technology 176 Conclusion 178 Chapter 11: Calculations and Modeling in Budgeting Software 181 Introduction 181 Why Companies Use Budgeting Software 181 Calculations in Accounting Systems and Spreadsheets 183 Budgeting Software 184 OLAP Databases 186 Modeling and Budgeting 188 Processes 189 More Complex Budgeting Calculations 190 Conclusion 192 Chapter 12: Cost-Accounting Systems: Integration with Manufacturing Budgeting 193 Introduction 193 Decision Factors in the Selection Process 194 Cost-Accounting System Options 195 Costs Associated with a Product 195 Labor Cost 196 Variable Costing and Budgeting 197 Full Costing and Budgeting 217 Cost-Accumulation Procedures 219 Valuation: Actual versus Standard 221 Actual Costing 223 Actual Costing, Budgeting, and Cost Control 226 Standard Costing 226 Variance Reporting 231 Variances and Budgeting 236 Manufacturing Overhead 236 Manufacturing Overhead, Budgeting, and Cost Control 247 Chapter 13: Break-Even and Contribution Analysis as a Tool in Budgeting 249 Introduction 249 Break-Even Analysis 249 Price/Volume Chart 254 Contribution Analysis 255 Cost–Volume–Price and the Budgeting Process 261 Chapter 14: Profitability and the Cost of Capital 263 Introduction 263 A Market Gauge for Performance 265 Coping with the Cost of Equity 266 Building Company-Wide Profit Goals 268 Building Divisional Profit Goals 270 Information Problems and Cost of Capital 276 Summary 276 Chapter 15: Budgeting Shareholder Value 279 Introduction 279 Long-Term Valuation 281 Economic Value Added 285 Complementary Measures of Valuation 290 Budgeting Shareholder Value 293 Summary 296 Chapter 16: Applying the Budget System 297 Introduction 297 Initial Budget Department Review of Divisional Budget Packages 299 Divisional Review Meetings 302 Budget Consolidation and Analysis 303 Preliminary Senior Management Review 303 Final Revision of Operating Group Plans 304 Second Budget Staff Review of Operating Group Plans 304 Revised Consolidated Budget Preparations 305 Final Senior Management Budget Review Sessions 305 Operating Groups’ Monthly Submissions 306 Effective Use of Graphics 306 Summary 306 Chapter 17: Budgets and Performance Compensation 307 Introduction 307 Measures of Executive Performance 308 Structuring Reward Opportunities 316 Pitfalls of Linking Incentives to Budgets 317 An Optimal Approach 320 Adjusting Operating Unit Targets 324 Budgets and Long-Term Incentive Plans 326 Summary 328 Chapter 18: Predictive Costing, Predictive Accounting 329 Internet Forces the Need for Better Cost Forecasting 329 Traditional Budgeting: An Unreliable Compass 330 Activity-Based Costing as a Foundation for Activity-Based Planning and Budgeting 331 Budgeting: User Discontent and Rebellion 331 Weary Annual Budget Parade 333 ABC/M as a Solution for Activity-Based Planning and Budgeting 334 Activity-Based Cost Estimating 335 Activity-Based Planning and Budgeting Solution 336 Early Views of Activity-Based Planning and Budgeting Were Too Simplistic 337 Important Role of Resource Capacity Causes New Thinking 337 Major Clue: Capacity Exists Only as a Resource 339 Measuring and Using Cost Data 340 Usefulness of Historical Financial Data 341 Where Does Activity-Based Planning and Budgeting Fit In? 344 Activity-Based Planning and Budgeting Solution 345 Risk Conditions for Forecasting Expenses and Calculated Costs 350 Framework to Compare and Contrast Expense-Estimating Methods 352 Economics 101? 355 Chapter 19: Cost Behavior and the Relationship to the Budgeting Process 357 Introduction 357 Cost Behavior 357 Break-Even Analysis 360 Additional Cost Concepts 365 Differential Cost Concepts 368 Maximizing Resources 370 Estimating Costs 373 Summary 375 Part Three: Preparation of Specific Budgets Chapter 20: Sales and Marketing Budget 379 Introduction 379 Overview of the Budget Process 379 Special Budgeting Problems 384 Pertinent Tools 389 Unique Aspects of Some Industries 392 Summary 394 Chapter 21: Manufacturing Budget 395 Introduction 395 Concepts 400 Changing to a Cost-Management System 402 Problems in Preparing the Manufacturing Budget 407 Three Solutions 410 Technique 410 Determining Production Requirements 411 Step 1: Developing the Plannable Core 413 Step 2: Obtaining Sales History and Forecast 413 Step 3: Scheduling New and Revised Product Appearance 415 Step 4: Determining Required Inventory Levels 416 Step 5: Establishing Real Demonstrated Shop Capacity 418 Step 6: Publishing the Master Schedule 424 A Total Quality Program—The Other Alternative 425 Inventory and Replenishment 431 More on the Manufacturing Budget 434 Determining Raw-Material Requirements 434 Determining Other Indirect-Material Costs 436 Determining Direct-Labor Costs 437 Establishing the Manufacturing Overhead Functions and Services 440 Quality Control Economics Review Questions 447 Plant Engineering Buildings and Equipment Maintenance Review Questions 449 Floor and Work-in-Process Control Review Questions 450 Summary 451 Chapter 22: Research and Development Budget 455 Relationship of Research and Development and Engineering to the Total Budgeting Process 455 Problems in Establishing Research and Development and Engineering Objectives 459 Developing a Technological Budget 465 Preparing a Departmental Budget 481 Managing a Budget 484 Coordinating Project Budgets 490 Chapter 23: Administrative-Expense Budget 493 Introduction 493 Role and Scope of the Administrative-Expense Budget 493 Methods Used for Preparing the Administrative-Expense Budget 498 Factors that Impact the Administrative-Expense Budget 502 Unique Issues Impacting the Administrative-Expense Budget 503 Tools and Techniques for Managing the Administrative-Expense Budget 504 Summary 506 Chapter 24: Budgeting the Purchasing Department and the Purchasing Process 507 Description and Definition of the Process Approach 507 Role of Process Measures 512 Process Measures 513 Creating the Procurement Process Budget 517 Chapter 25: Capital Investment Review: Toward a New Process 519 Introduction 519 Context of the Revised Capital-Investment Review Process 520 Benchmarking Capital-Investment Review Best Practices 523 Revised Capital-Investment Review Process: Overview 527 Implementation: What Bonneville Learned in the First Three Years 541 Summary 544 Chapter 26: Leasing 545 Introduction 545 Overview of the Leasing Process 546 Possible Advantages of Leasing 549 Possible Disadvantages of Leasing 550 Types of Lease Sources 550 Lease Reporting 552 Lease versus Purchase Analysis 560 Financial Accounting Standards Board Rule 13 Case Illustration 564 Negotiation of Leases 565 Selecting a Lessor 566 Lease-Analysis Techniques 566 Lease Form 572 Summary 579 Chapter 27: Balance-Sheet Budget 581 Introduction 581 Purpose of the Balance-Sheet Budget 582 Definition 582 Responsibility for the Budget 583 Types of Financial Budgets 587 Preparing Financial Budgets 588 Preparing the Balance-Sheet Budget 591 Adequate Cash 620 Financial Ratios 620 Analyzing Changes in the Balance Sheet 628 Chapter 28: Budgeting Property and Liability Insurance Requirements 635 Introduction 635 Role Risk Management Plays in the Budgeting Process 637 Types of Insurance Mechanisms 638 Role of Insurance/Risk Consultants 639 Use of Agents/Brokers 639 Self-Insurance Alternatives 640 Identifying the Need for Insurance 643 Key Insurance Coverages 645 Identifying Your Own Risks 650 How to Budget for Casualty Premiums 653 Summary 656 Part Four: Budgeting Applications Chapter 29: Budgeting: Key to Corporate Performance Management 659 Future of Budgeting 659 Adding Value to the Organization 660 Corporate Performance Management 661 Developing a Budget Process Focused on Implementation of Strategy 662 Role of Technology 666 Overcoming Organizational Resistance 669 Planning and Controlling Implementation of a New System 670 Conclusion 675 Chapter 30: Zero-Based Budgeting 677 Introduction 677 Problems with Traditional Techniques 678 Zero-Based Approach 679 Zero-Based Budgeting Procedures 680 Decision Package 681 Ranking Process 687 Completing the Profit and Loss 689 Preparing Detailed Budgets 692 Summary 695 Chapter 31: Bracket Budgeting 697 Introduction 697 Application of Bracket Budgeting 698 Premises to Profits? 699 Developing a Tactical Budgeting Model 700 Bracket Budgeting in Annual Planning 719 Consolidating Income Statements 720 Summary of Benefits 720 Summary 722 Chapter 32: Program Budgeting: Planning, Programming, Budgeting 723 Introduction 723 Description of Program Budgeting 724 History 728 Framework of Program Budgeting 734 Program Structuring 747 Types of Analysis 751 Installation Considerations 759 Summary 763 Chapter 33: Activity-Based Budgeting 767 Introduction 767 Traditional Budgeting Does Not Support Excellence 768 Activity-Based Budgeting Definitions 771 Activity-Based Budgeting Process 774 Linking Strategy and Budgeting 775 Translate Strategy to Activities 780 Determine Workload 781 Create Planning Guidelines 783 Identify Interdepartmental Projects 783 Improvement Process 787 Finalizing the Budget 787 Performance Reporting 788 Summary 790 Part Five: Industry Budgets Chapter 34: Budgeting For Corporate Taxes 793 Introduction 793 Taxation of C Corporations 794 Personal Holding Company Tax 799 Net Operating Loss Utilization 799 Charitable Contributions 800 Taxation Budget 802 Federal Corporate Tax 803 Purposes 804 Tax Return 804 Chapter 35: Budgeting in the Global Internet Communication Technology Industry 805 Overview 805 Essentials from Earlier Chapters 806 Freemium Strategies 808 Volunteer Services 809 Enterprise Risk Management 811 About the Editor 813 About the Contributors 815 Index 825

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Book SynopsisExplore the many options available to get the money you need for your business Whether your business is a new start-up, an established company attempting to grow, or somewhere in between, Get Your Business Funded gives you the full range of options for raising capital in today's challenging economy.Table of ContentsAcknowledgments. About the Author. Section I: The Traditional Route. Chapter 1. Personal Assets. Chapter 2. Bank Loans. Chapter 3. SBA Loans. Chapter 4. Equity Lines of Credit. Chapter 5. Credit Cards. Chapter 6. The Friends and Family Plan. Chapter 7. Angel Investors. Chapter 8. Venture Capitalists. Chapter 9. The IPO. Section II: Using Your Own Resources. Chapter 10. Factoring. Chapter 11. Retirement Accounts. Section III: Other Options. Chapter 12. Government Options. Chapter 13. Partnerships. Chapter 14. Mergers and Strategic Alliances. Section IV: Creative Online Options. Chapter 15. Peer-to-Peer Lending. Chapter 16. Crowdfunding. Section V: Other Creative Options. Chapter 17. Microfinance. Chapter 18. Royalty and Revenue Sharing. Chapter 19. Supplier, Wholesaler, and Franchisor Financing. Chapter 20. Seller Financing. Chapter 21. Business Plan Competitions and Other Contests. Section VI: In-Kind Contributions. Chapter 22. Business Incubators. Chapter 23. Barter. Appendix: The Business Plan. Index.

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Book SynopsisTHE NEW MONEY MANAGEMENT In his bestselling Portfolio Management Formulas and TheMathematics of Money Management, Ralph Vince brought the complexmathematics of probability and modern portfolio management theorydown to earth for traders and investors. He introduced innovativenew ways they could be used to maximize account managementdecisions. Now, in this groundbreaking new book, Vince takes aquantum leap forward to provide investment professionals with aproven new approach to portfolio management that overturns nearly ahalf-century of accepted wisdom about asset allocation and moneymanagement. The culmination of Ralph Vince''s years spent probing the limits ofthe mathematics of portfolio management, The New Money Managementelaborates on his celebrated Optimal f notion--a concept which willbe familiar to readers of either of Vince''s previous books--toprovide a revolutionary portfolio management model designed tooptimize account performance, not just in the long run, bTable of ContentsA New Framework. Laws of Growth, Utility, and Finite Streams. Conditional Probabilities Involving Correlation. A New Model. Money Management for Money Managers. Bibliography and Sources. Index.

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Book SynopsisEntrepreneurial Finance: A Casebook provides students with a thorough understanding of entrepreneurial finance through the use of cases based on realistic situations. This case approach allows students to gain insight into the real world of entrepreneurial finance while sharpening their analytical skills. The cases are organized according to four major topics critical to a thorough understanding of entrepreneurial finance: Investment Analysis, Financing the Entrepreneurial Firm, Harvesting, and Renewal in the Entreprenurial Firm.Table of ContentsSECTION I. INVESTMENT ANALYSIS Module I.A. SOURCES OF VALUE. 1. Introduction to Entrepreneurial Finance. 2. The Knot. 3. Beta Group. 4. Cachet Technologies. 5. Some Thoughts on Business Plans. 6. NSK Software Technologies Ltd.. MODULE I.B. UNDERSTANDING FINANCIAL STATEMENTS AND PRO FORMA MODELS. 7. Tutor Time (A). 8. Fenchel Lampshade Company. MODULE I.C. PURCHASING FIRMS, BUYOUTS, AND VALUATION. 9. A Note on Valuation in Entrepreneurial Ventures. 10. Digital Everywhere, Inc. 11. The Carlton Polish Company. 12. Record Masters MODULE I.D. REAL OPTIONS. 13. Capital Projects as Real Options: An Introduction 14 Penelope's Personal Pocket Phones. 15. E-ink: Financing Growth 16. Genset: 1989. SECTION II. FINANCING THE ENTREPRENEURIAL FIRM: MODULE II A. VENTURE CAPITAL. 17. A Note on Private Equity Securities. 18. edocs, Inc. (A) MODULE II.B. ANGEL FINANCING. 19. A Note on Angel Financing. 20. Honest Tea MODULE III.C. VENTURE LEASING. 21. Note on the Venture Leasing Industry. 22. Efficient market services: August 1993 (A). MODULE II.D. FRANCHISING. 23. A Note on Franchising. 24. Tutor Time (B). MODULE II.E. BANKS. 25. Xedia and Silicon Valley Bank (A). MODULE III.F. LICENSING/STRATEGIC ALLIANCE. 26. A Note on Strategic Alliances. 27. Parenting magazine. MOCULE II.G. GOVERNMENTS FINANCING 28. A Note on Government Sources of Financing for Small Businesses. 29. Torrent Systems. SECTION III. HARVESTING : MODULE III.A. INITIAL PUBLIC OFFERINGS. 30. A Note on the Initial Public Offering Process. 31. Amazon.com--Going Public. 32. Arthrocare. MODULE III.B. ACQUISITIONS. 33. Nantucket Nectars. 34. HIMs Corp, Inc. SECTION IV. RENEWAL IN THE ENTREPRENEURIAL FIRM. 35. Dell Ventures. Glossary. Index

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Book SynopsisWritten by a management consultant who has valued more than 1,000 small businesses, A Basic Guide for Valuing a Company is a nuts-and-bolts guide that covers all the bases, from the difference between publicly traded and privately held firms to tangible and intangible values.Table of ContentsIntroduction vii Chapter 1 Setting the Stage . . . This Business of Valuing Small, Closely Held Companies 1 Chapter 2 Dispelling Perceptions about Value (Because It’s a Rascal We Can’t Really Ignore) 8 Chapter 3 Intangible Values 17 Chapter 4 Industry and Economic Forces 23 Chapter 5 The ‘‘Four Steeds’’ in Business Valuation 29 Chapter 6 Nontraditional Valuation Practitioners 32 Chapter 7 The Data Collection Process 36 Chapter 8 Setting the Records Straight 40 Chapter 9 Valuation Techniques 46 Chapter 10 Practicing with an Excess Earnings Method 61 Prelude to Case Examples of Small-Business Valuation 69 Chapter 11 Professional-Practice Valuation 71 Chapter 12 Small Manufacturer Valuation (With Ratio Studies) 87 Chapter 13 Valuation of a Restaurant 107 Chapter 14 Seventy Cents on the Dollar 124 Chapter 15 Retail Home-Decorating Business Valuation (With Production and Retail Sales) 137 Chapter 16 Retail Hardware Stores 158 Chapter 17 Retail Garden Center 170 Chapter 18 Grocery Store 188 Chapter 19 Manufacturer with Mail-Order Sales 204 Chapter 20 Wholesale Distributor 220 Chapter 21 A Practice Session: A Marina Valuation 236 Chapter 22 Concluding Thoughts about Value and Price 250 Chapter 23 “Dot-Com”—Information Technology 256 Appendix A Valuation of a Marina: Author’s Responses 274 Appendix B Yegge’s Rules for Making Deals Work 289 About the Author 291 Index 293

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Book Synopsis*Instructional FlexibilityBank management instructors vary in their approaches to teachingthis course, and this text includes elements of business financialtheory, along with practical institutional material that distinguishesfinancial businesses from non--financial ones.Table of ContentsPart One Measurement, Analysis And Theory Of Value Creation 1 Chapter 1 The Changing Nature of Banking in the U.S. 3 Chapter 2 Understanding a Bank’s Financial Statements 35 Chapter 3 Evaluating a Bank’s Returns, Risks and Overall Performance 58 Chapter 4 Foundations of Value in Banking 103 Chapter 5 Asset and Liability Management and the Yield Curve 129 Part Two Asset, Liability, And Capital Decisions 207 Chapter 6 The Acquisition and Cost of Bank Funds 209 Chapter 7 Measuring and Providing Reserves and Liquidity 242 Chapter 8 Managing the Security Portfolio 274 Chapter 9 Managing Bank Capital 322 Part Three Managing Loans And The Loan Portfolio 387 Chapter 10 The Bank Credit Organization 389 Chapter 11 Credit Selection, Underwriting and Portfolio Diversification 418 Chapter 12 Consumer Lending 475 Part Four Hedging And Pricing With Derivatives And International Banking 533 Chapter 13 Financial Futures and Forwards: Hedging and Pricing 535 Chapter 14 Interest Rate Options: Hedging and Pricing 559 Chapter 15 Interest Rate Swaps: Hedging and Pricing 588 Chapter 16 International Banking 609 Index 671

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Book SynopsisThis book is designed to help small charities with understaffed development programs establish a planned giving program. It offers step-by-step coverage of the key issues that must be addressed before a planned giving program can be offered. In addition, it teaches small charities how to expand their programs over time.Trade Review"Planned Giving for Small Nonprofits is a great book." (CharityChannel.com, June 2003)Table of ContentsPreface. Acknowledgments. Part 1: Background Issues. Chapter 1: Planned Giving in a Small Charity: The First Year. Chapter 2: Planned Giving and the Charity. Part 2: Getting Started. Chapter 3: Mobilizing the Nonprofit Organization's Leadership, Boards, and Volunteers. Chapter 4: An Operational Plan for a Small Nonprofit Organization's Planned Giving Program. Chapter 5: Gift Acceptance Policies for a Planned Giving Program. Chapter 6: Managing Time: Planned Giving in a Small Charity. Part 3: Planned Gifts. Chapter 7: Bequests and the Bequest Society. Chapter 8: Endowed Funds and Current Use Awards. Chapter 9: Basic Life Income Gifts: Charitable Gift Annuities, Deferred Gift Annuities, and Pooled Income Funds. Chapter 10: Trusts. Part 4 Gifts of Assets Other Than Cash. Chapter 11: Gifts of Securities. Chapter 12: Gifts of Real Estate. Chapter 13: Gifts of Tangible Personal Property. Chapter 14: Gifts of Life Insurance and Retirement Plan Assets. Part 5: Working with Donors. Chapter 15: The Planned Giving Prospect. Chapter 16: Solicitation Strategies. Chapter 17: Ethics and Planned Giving. Part 6: Marketing. Chapter 18: Marketing Planned Giving in Small Nonprofit Organizations. Chapter 19: Marketing to Professional Advisors. Part 7: Planned Giving and Taxes. Chapter 20: Tax Consequences of Charitable Gifts. Index.

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Book SynopsisCapital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will aTable of ContentsAbout the Authors. Preface. SECTION I: MAKING INVESTMENT DECISIONS. The Investment Problem and Capital Budgeting. Cash Flow Estimation. Integrative Examples and Cash Flow Estimation in Practice. SECTION II: CAPITAL BUDGETING EVALUATION TECHNIQUES. Payback and Discounted Payback Period Techniques. Net Present Value Technique. Profitability Index Technique. Internal Rate of Return Technique. Modified Internal Rate of Return Technique. Comparing Evaluation Techniques and Some Concluding Thoughts. SECTION III: CAPITAL BUDGETING AND RISK. Measurement of Project Risk. Incorporating Risk in the Capital Budgeting Decision. SECTION IV: ANALYZING THE LEASE VERSUS BORROW-TO-BUY PROBLEM. Valuing a Lease. Uncertainty and the Lease Valuation Model. Generalization of the Lease Valuation Model. Appendix: The Fundamental of Equipment Leasing. Index.

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Book SynopsisMary Schaeffer is considered an industry expert and writes a newsletter that focuses on credit, collections, and accounts receivable. Provides an overview of the credit, collections, and accounts receivable functions for senior level managers. Provides tips and techniques as well as case studies.Table of ContentsThe First Step: Approving the Credit. The Second Step: Billing. The Third Step: Collecting the Money. Accounts Receivable Issues. Handling Deduction Issues. Interacting with Sales and Marketing. Customer Relations and Customer Visits. Letters of Credit and Other Security Instruments. Legal Considerations Surrounding Credit. Bankruptcy. Technology in the Credit and Collections Department. International Credit. Professionalism and the Future of Credit.

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Book SynopsisThis title takes a practical, step-by-step approach to valuing both public and closely-held companies in emerging economies for merger or acquisition purposes. It bridges the gap between theory and the practice of company valuation in transitioning markets. Focuses on the valuation issues for emerging markets.Table of ContentsFOREWORD xvii CHAPTER 1 Valuing Companies in Emerging Markets: Importance and Challenges 1 CHAPTER 2 Valuing Companies in Developed Markets: A Review 32 CHAPTER 3 Fundamental Discounted Cashflow Valuation in Emerging Markets: Cashflows and the Cost-of-Equity Capital 92 CHAPTER 4 Fundamental Discounted Cashflow Valuation in Emerging Markets: Unsystematic Risk and Synthetic Company Value 175 CHAPTER 5 Valuing Companies in Emerging Markets via Real Options 222 CHAPTER 6 Relative Valuation in Emerging Markets: Comparable Companies and Transactions 247 CHAPTER 7 Valuing Technology Startups in Emerging Markets 319 APPENDIX A Valuation Parameters in the Reference Emerging Markets 429 APPENDIX B Valuation Parameters in the United States 438 APPENDIX C Valuation Parameters in Argentina 449 APPENDIX D Sources of Data on Comparable Companies and Transactions 462 APPENDIX E Valuation Parameters of U.S. Internet Companies 464 APPENDIX F Present Value of Asset/Present Value of Exercise Price 483 APPENDIX G Best Valuation Practices in the United States and Argentina 488 INDEX 497

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Book SynopsisExpert guidance for fiscally responsible engineering and technology managers. This thoroughly updated Second Edition is an accessible self-study guide and text that helps engineers extract important meaning from financial statements and accounting records, ask insightful questions, engage in thoughtful debate about accounting and financial issues, and make informed decisions that benefit their companies.Table of Contents1. INTRODUCTION: WHY KEEP SCORE? Users of this Book. Scorekeeping. Definition of Accounting. Limitations of Accounting Information. Audiences for Accounting Information. Different Messages for Different Audiences. Accounting in the World of Business. Accounting in Nonprofit and Governmental Organizations. Useful Nonaccounting Information. Importance of Personal Motivations. Summary. New Terms. Exercises. 2. Accounting Framework: The Concept of Value. Accounting Equation. How Is Owners’ Equity Created? Valuation Methods. Valuing a Loan or Note. Valuing Common Stock Securities. Calculating Time-Adjusted Values. Valuing Personal and Company Assets. Choosing Among Valuation Methods. Challenge of Alternative Valuation Methods. Dominance of the Cost Value Method. Summary. New Terms. Appendix 2A: Interest Tables for Calculating Time-Adjusted Values (Present Worth). Exercises. 3. Financial Position: The Balance Sheet. Key Accounting Reports. Features of the Balance Sheet. More Accounting Definitions and Conventions. Summary. New Terms. Exercises. 4. Financial Performance: The Income Statement. Definition of Revenue, Sales, and Expenses. Statement Format. Recording Sales Transactions. Operating Expenses. Accounting Period. When Is Income Earned and When Are Expenses Incurred? Accrual Concept. Example: Accounting for a Full Period. Summary. New Terms. Exercises. 5. Cash Flow Statement. Why a Cash Flow Statement? Sources and Uses of Cash. Example: Metcalfe Company. Interpretation. Other Examples. Summary. New Terms. Exercises. 6. Principles, Rules, and Mechanics of Financial Accounting. A Brief Review. Principles. Specific Rules. Role of the CPA Auditor. How Good Are These Principles and Rules? Income Taxes and Accounting Rules. Accounting Mechanics. Chart of Accounts. Three Key Elements of Accounting Systems. Accounting Cycle. Summary. New Terms. Exercises. 7. Further Refinements in Valuation. Prepaids and Accruals. Reminder: Principle of Materiality. Liabilities Created by Today’s Operations. Accounting for Accounts Receivable. Accounting for Inventory. Accounting for Price-Level Changes. Accounting for Currency Fluctuations. Exceptions to the Accrual Concept and the Realization Principle. Summary. New Terms. Exercises. 8. Accounting for Long-Term Assets. Valuing Fixed Assets. Income Tax Considerations. Accounting for Other Long-Term Assets. Summary. New Terms. Exercises. 9. What Can Financial Statements Tell Us? Ratio Analysis. Categories of Ratios. Interpreting Ratios. Linkage Among Operating Ratios. Summary. New Terms. Exercises. 10. Accounting and Financial Markets. Types of Securities. Markets. Investment Ratios. Interpreting Investment Ratios. Designing a Capital Structure. Upside and Downside of Debt Leverage. Introduction to the Cost of Capital. Summary. New Terms. Exercises. 11. Digging Deeper. Framework for Financial Statement Analysis. ‘‘Cooking the Books’’. Summary. New Terms. Exercises. 12. Financial Markets and Capital Investment Decisions. Concept of a ‘‘Hurdle Rate’’. Weighted-Average Cost of Capital. Calculating Returns. Decision Criteria. Some Everyday Applications of These Techniques. Adjusting for Risk. Adjusting for Inflation. Summary. New Terms. Exercises. 13. Analyzing Manufacturing Costs: Introduction to Cost Accounting. What Questions? Why? For Whom? Reminder: Product and Period Expenses. Understanding the Cost of Goods Sold. Challenge: Accounting for Indirect Costs. Historical Perspective. Activity-Based Costing. Costing Joint Products and By-products. Cost Accounting in Other Functions and Industries. Summary. New Terms. Appendix 13A: Variable and Full-Absorption Costing. Appendix 13B: Standard Cost Accounting. Exercises—Appendix 13A. Exercises—Appendix 13B. 14. Analyzing Other Operating Costs and Decisions. Examples of Operating Decisions. Importance of Framing Alternatives. Differential Cash Flows. Recap of Fixed and Variable Costs. Pervasiveness of Fixed Costs. Challenges in Determining Differential Cash Flows. Interrelationships Among Volume, Price, Cost, and Profit. Operating Leverage. Summary. New Terms. Exercises. 15. Budgeting and Forecasting. Guidelines for Budgeting. Responsibility Accounting. Recap of the Reasons to Budget. Analyzing Performance: Budget Versus Actual. Interpreting Variance Balances. Flexible Budgeting. Human Behavior Considerations. Other Types of Budgets. Pro Forma Financial Statements. Cash Budgeting. Summary. New Terms. Exercises. INDEX.

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Book Synopsis* Provides the tool necessary to determine and evaluate the effectiveness of a corporation's management of cash. * Examines how operational activities can affect cash flow management. * Shows how effective cash flow management can improve corporate performance and increase shareholder value.Table of ContentsAbout the Authors. Acknowledgments. Introduction. Understanding Cash Management. Managing Cash Flow—Receipts and Disbursements. Planning and Budgeting. Analyzing the Sales Function. Cost Reduction Analysis Procedures. Analyzing Non-Value-Added Functions. Investing, Financing, and Borrowing. Planning Cash Flow. Controlling and Analyzing Cash Flow. Afterword. Appendix A—Case Study: Managing Cash Flow. Appendix B—Cash Conservation Checklist. Index.

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Book SynopsisThe only comprehensive reference work of its kind, this book provides complete coverage of everything that a fund raiser must know when preparing for an international fund-raising campaign. Offers an overview of a country''s tax and regulatory system, an examination of its not-for-profit sector, what sources of funding are available, and what fund-raising methods are considered acceptable by the culture and the government.Table of ContentsArgentina (D. Yoffe). Australia (B. Phillips). Brazil (C. Canham). Canada (A. Arlett). Estonia (L. Wagner). France (A. Vaccaro). Germany (K. Neuhoff & M. Haibach). India (V. Sardana). Ireland (F. Donoghue). Japan (Y. Frost & G. Frost). Mexico (M. Noriega). The Netherlands (B. Piloo, et al.). Singapore (T. Durai). South Africa (K. Naidoo). Spain (R. Valls). Switzerland (B. Crole). United Kingdom (S. Lee). United States (L. Wagner & J. Ryan) Index.

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Book SynopsisThe most complete guide to business valuation written by industry-leading valuation specialists! Handbook of Business Valuation Second Edition In this thoroughly revised and updated edition of the number-one guide to business valuation, nearly 50 experts provide expert advice and guidance on all facets of the subject. This is a single-source guide to valuation approaches and methods, in addition to all of the procedures necessary to accurately value a business. The Second Edition of the Handbook of Business Valuation enables you to find precisely the information you need; just go directly to the chapter concerning the topic you are interested in. There is no need to read the entire volume-it''s quick and easy. This is the only valuation book you need. It provides chapters on valuing specific businesses, such as: software companies, radio and cable stations, medical practices, home-based businesses, and many more, plus a special chapter on researching business valuation information on tTable of ContentsTHE PURPOSE, MARKET, AND RESOURCES FOR VALUING BUSINESSES. Reasons for Value a Business and Who Should Do It. Valuation Issues from a Seller's Perspective. Valuation Issues from a Buyer's Perspective. Valuation Issues from an Intermediary's Perspective. The Investment Banker's Perspective on Due Diligence for Mergers, Acquisitions, and Securities Offerings. Valuation Issues from the Legal Perspective. Valuation From the Lender's Perspective. Notable Differences Between Middle Market and Small Businesses. Where to Find Industry Information and Guideline Market Data. VALUATION APPROACHES AND METHODS. Recasting Financial Statements. To Infinity and Beyond: Statistical Techniques Appraising the Closely Held Business. Machinery and Equipment Valuation Approaches and Methods Used in Conjunction with a Going Concern Business. Rules of Thumb: What They Are and How to Use Them. The Direct Market Data Method of Valuing Midsize and Smaller Closely Held Businesses. The Market Approach Using Public Company Data. The Excess Earnings Method. Multiple of Discretionary Earnings Method. Capitalization of Earnings: An Income Approach. Discounted Future Benefits Method: An Income Approach. VALUATION ISSUES BY INDUSTRY. Valuing Retail Businesses. Valuing Manufacturing Businesses. Valuing Automobile Dealerships. Valuing Restaurants. Valuing Medical Practices. Valuing Accounting Firms. Valuing Radio and Cable TV Businesses. Valuation of Hotels and Motels. Valuing a Software Company. Valuing Publishing Companies. Valuing Home Healthcare Businesses. Valuing Lumberyards and Home Centers. Valuing Printing Businesses. Valuing Home-Based Businesses. Valuing Country Businesses. SPECIAL ISSUES. Perspectives on Valuing a Minority Interest in a Private Company. Valuation for ESOP Purposes. Valuing Family Limited Partnerships and Limited Liability Company Interests for Estate Planning Purposes. Valuing Intellectual Property. Corporate Taxes and Valuation. The Use and Abuse of Experts. Index.

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Book SynopsisShared services is quickly becoming an important component of many corporation's strategic plans. By using shared services corporations can hope to reduce costs by as much as 25 to 50% and provide better value to their customers.Table of ContentsMOBILIZE. What Is Shared Services All About? What Is the Compelling Business Reason for Pursuing Shared Services? Is Shared Services Right for You? International Challenges. ASSESS. Shared Services and Its Relationship with Process Reengineering and Redesign. Shared Services and Its Relationship with Information Technology. Considering Outsourcing. DESIGN. Getting Started. Planning and Approach. Selecting the Location. Setting Up the Infrastructure. Service-Level Agreements and Pricing Issues. Final Business Case. IMPLEMENT. Defining and Setting Up the Project. Partnering for Success: Proceed With Care When Choosing a Consultant. Program and Project Management. Barriers to Implementation and Change Management Solutions. Performance Measures and Continuous Improvement. The Global Potential and the Virtual Potential. Appendices. Index.

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Book SynopsisRISK MANAGEMENT APPROACHES FOR FIXED INCOME MARKETS "Golub-Tilman will, I believe, become an absolutely essential reference text for fixed income portfolio managers, traders, issuers, and scholars. It is comprehensive and clearly written. While rigorous, it is easy to understand because of its many practical examples.Table of ContentsThe Art and Science of Risk Management. Parametric Approaches to Risk Management. Modeling Yield Curve Dynamics. Measuring Interest Rate, Basis, and Currency Risks. Value-At-Risk Methodological Trade-Offs. Using Portfolio Optimization Techniques to Manage Risk. Appendix. Bibliography. Index. About the Authors.

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