Finance and accounting Books

Book SynopsisAn insider''s view of the investment banking world from someone who is actually shaping it Powerful, controversial and determined, Thomas Weisel is known for his unwavering focus on winning the race, whether he is competing in a national cycling championship, sponsoring Tour de France winner Lance Armstrong or negotiating with business competitors. For twenty-seven years he ran one of the major investment banks on the West Coast, bringing public companies such as Applied Materials, Siebel Systems and Yahoo! and was instrumental in establishing San Francisco as an alternative financial center to Wall Street. In 1997 he sold his company to NationsBank, which later merged with Bank of America. Unhappy with his treatment after the merger, Weisel trumped Bank of America by negotiating a separation package that included $500 million in stock options and the ability to hire away crucial Bank of America management. Within two years, the investment bank he started, Thomas Weisel PartTrade ReviewSan Francisco investment boutique Thomas Weisel Partners just offloaded another 100 employees (spurring more rumors the firm will be sold), but its 62-year-old founder is busy charging up other hills. Weisel, a renowned cyclist, has been promoting his new autobiography, Capital Instincts: Life as an Entrepreneur, Financier, and Athlete, and doling out the tome to clients. The book isn't exactly flying off the shelves (Amazon rank: 9,136), but it's packed with testosterone-charged tales of Weisel's athletic, business, and art-collecting exploits--including his recent $40 million sale of abstract impressionist art. Chapter 1: "Never Underestimate Thom Weisel." (Fortune Magazine, March 31,2003)Table of ContentsForeword. Acknowledgments. Introduction. Never Underestimate Thom Weisel. Life on the Edge of a Precipice. Of Midget Boys and Men. Breaking Away. A Goof Place to Be. Passion Is Good. Skiing, Cycling, Selling Stocks. Postal Services. The Buildup. Politics and Art. The Big Sale. The Big Boom. Conflicted. The New Age and Old Age. Endnotes. Timeline. Index.

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Book SynopsisAdd value to services and increase revenue while giving your clients more of what they need Operational Profitability, Second Edition explains in complete detail how to conduct a management audit that will give clients the essential information they need in today's fiercely competitive marketplace.Table of ContentsPreface. The Basic Approach. A History of American Business and the Impact on Profitability. The Effectiveness of Systems and the Efficiency of Business Operations. Case in Point Using the Business Assessment. Profitability in Today's Market. Types of Financial Statements. Performance Measures. Pricing Policies. Operations. Operations Efficiency Measures. Reducing Operating Costs. Inventory Controls. Production Planning and Control. Appendix A: Process Improvement Flow Diagrams. Appendix B: Business Analysis. Index.

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Book SynopsisChange your spending habits to achieve your personal andfinancial goals The hardest part of personal finance for most people is livingwithin their means. Spreadsheets, budgets, and tables make moneymanagement seem like hard work. In The MsSpent MoneyGuide, readers are introduced to an innovative approachthat focuses spending habits to allow for everyday costs and futureexpenses while finding money for things you really enjoy. MsSpent''s bottom line is to help people have a more fulfillinglife by helping them clarify their financial goals as well asdevelop systems and habits that manage their spending. We are allunique and there is no single way to manage money. TheMsSpent Money Guide helps each individual discover a waythat will work for them. Readers of all ages will benefit fromMsSpent''s message-if you are clear about your values, you will getmore of the life you want with the money you have.Table of ContentsIntroduction. PART ONE: READY TO CHANGE: IS YOUR HIP POCKET OFF BALANCE? Where Did It All Go?: The Unconscious Spending Trap. Conscious Spending: Honoring Your Values. Becoming Conscious: Getting More of What You Want. The Excuse File: Why Unconscious Spending Tempts. PART TWO: SET TO SPEND: THE SEVEN CONSCIOUS SPENDING CATEGORIES. Security: Your Financial Foundation. Shelter: Your Home, Sweet Home. Sustenance: Feeding Your Body. Self and Family: Everyday Expenses. Social: Connecting with Others. Society: Giving Back. Soul: Expressing Your Higher Purpose. PART THREE: GO: BECOMING A CONSCIOUS SPENDER. Starting Out: Creating a Conscious Spending Plan. Keeping Conscious: Designing a New Hip-Pocket Habit. Iceberg Ahead: When You're Weighed Down by Debt. The Big Squeeze: When Your Means Are Not Enough. Bibliography. Conscious Spending: Next Steps. Index.

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Book SynopsisTrends come and go, but the shortest path to capital growth is through the fundamental tenets of value. This book applies research and discoveries in finance to time-tested techniques for estimating return based on economic profit and more.Table of ContentsAbout the Authors. Preface. Reenergizing Economic Profit. The Tribes of Economic Profit. Basic Economic Profit Link to Valuation. Economic Profit View of Indexing and Equity Styles. Debunking Equity Style Fundamentals. Economic Profit Approach to Enterprise Valuation. Estimating the Return on Invested Capital. Economic Profit and the Cost of Capital. External Influence on Economic Profit. Strategic Role of Invested Capital Growth. Reconciling Market Implied Growth Expectations. 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 SynopsisEmployee Stock Ownership Plans (ESOPs) have been legislatively feasible since 1974 and have been upgraded legally numerous times. ESOPs are for both private and public companies. This workbook serves as a roadmap to enable the owners of private corporations to establish an ESOP (Employee Stock Ownership Plan).Table of Contents1. How to Use this Workbook. 2. What Is an ESOP? 3. What Are Your Objectives? 4. Methods I Want to Use for Selling Stock. 5. Stockholder Sale of Stock Under IRC Section 1042. 6. Creating Capital. 7. Selecting the Implementer. 8. ESOP Team. 9. Questions the Trustee Should Ask in Hiring an Appraiser. 10. Selecting a Trustee. 11. Naming the ESOP Committee. 12. Selecting the Administrator. 13. How to Communicate the ESOP to the Employees. 14. Feasibility Study Questionnaire. 15. Valuation of the Company for ESOP Purposes. 16. Financing. 17. Determining the Type of ESOP Transaction. 18. Estimating the Amount of Financing Needed. 19. Actions to Take Once You Have Decided to Install an ESOP. 20. Allocation. 21. Vesting. 22. Control. 23. Designing the ESOP Plan Provisions with the Attorney. 24. How to Communicate the ESOP to the Employees. 25. How to Coordinate the ESOP with Other Qualified Plans. 26. CHESOP. 27. Type of Qualified Replacement Property Selling ShareholderMight Contemplate. 28. Repurchase Liability. 29. Repurchase Liability Study Questionnaire. 30. Estate Planning. 31. What Has the Major Stockholder Done in Connection with EstatePlanning? 32. Management Buyout. 33. Are You Selling Part or All of the Company to an Outsiderat this Time? Why? 34. Eligible Employees. 35. Contribution Limits. 36. Census to Compute. 37. Formula to Determine Contribution Limits. 38. Whether to Be a C- or an S-Corporation ESOP. 39. The Decision-Making Process. 40. Items You Should Consider in Converting from a C-Corporationto a Subchapter-S Corporation. 41. Provisions That You Should Tell Your Advisor. 42. Letting Your Employees in on Certain Aspects of Your Company. 43. Diversification. 44. How We Would Distribute ESOP Benefits. 45. Equity Benefit Other Than ESOPs. 46. Accounting for the ESOP. 47. Anti-Abuse S-Corporation Rules. 48. The Free ESOP Information Hotline.

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Book Synopsis* Provides practical easy-to-implement advice on how to comply with the latest rules and regulations. * Shows how to recoup money spent on duty drawbacks. * Shows how to get around trade barriers in foreign countries. * Shows how to use the internet and other technologies to reduce the cost of exporting.Table of ContentsPreface. Acknowledgments. The Whole Export. Export Control. The Product. Export Channels. Export Marketing. Export Pricing. Terms of Sale. Insurance. Sales Contracts, Proforma Invoices, and Purchase Orders. Transportation. Documentation. Export Credit. Keeping Current. Index.

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Book SynopsisFind The Home Mortgage That''s Right For You Finding the right mortgage can be complex, confusing, and frustrating. But that doesn''t mean you have to settle for anything other than the terms you want. This indispensable and newly updated second edition of How to Save Thousands of Dollars on Your Home Mortgage spells out everything mortgage hunters need to know in clear and accessible terms. It covers more loan alternatives than any other book and examines the importance of discount points. It offers complete details on virtually every mortgage option currently available, what advantages each option offers, how to choose the right one for your needs, and how to save money in the process. New information in this edition will help you use the Internet to find a home and get a mortgage, examine automated underwriting models and conforming loan limits, and weigh new shopping strategies. Easy-to-read charts and graphs, helpful sample forms, and numerous examples will help you uTable of ContentsForeword. Introduction. PART 1: BACKGROUND. The Structure of the Mortgage Industry. How Lenders Influence Borrowers' Choices. How Lenders Market Loans. How to Choose the Right Loan. KEY POINTS. For First-Time Home Buyers. PART 2: CHOOSING A LENDER AND GETTING APPROVED. Qualifying 101. Credit. Bank, S&L, or Broker? Shopping for a Loan and Negotiating with a Lender. APR, Buy-Downs, and Discount Points. What to Do When You Run into a Problem. QUALIFYING PROBLEMS. PART 3: LOCKING AND CLOSING. How Lenders Can Cheat Their Customers. Closing Costs, Lender Fees, and Other Fees. PART IV: ADVANCED TOPICS. Qualifying 201. Refinancing. Fifteen-Year Loans and Accelerated Payoffs. Equity Lines, Seconds, and Reverse Mortgages. No-Cost and Zero-Cost Loans. Technology: The Internet and Software. THE MORTGAGE INDUSTRY ON-LINE. Epilogue: On the Need for Reform and Other Thoughts. Appendix. Glossary. Index.

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Book Synopsis* Includes trading examples that illustrate points about risk management and leverage. * Presents all the practical knowledge necessary to run a leveraged investment company. * Non-technical explanations brings an element of transparency to a part of the investment world often thought of as difficult to understand. .Table of ContentsPreface. Disclaimer. CHAPTER 1: Introduction to Hedge Funds. CHAPTER 2: Building a Valuable Business. CHAPTER 3: Types of Hedge Funds. CHAPTER 4: Types of Hedge Fund Investors. CHAPTER 5: Hedge Fund Investment Techniques. CHAPTER 6: Hedge Fund Business Models. CHAPTER 7: Creating Leverage. CHAPTER 8: Hedge Fund Business Plans. CHAPTER 9: Performance Measurement for Hedge Funds. CHAPTER 10: Legislation and Regulations Affecting Hedge Funds. CHAPTER 11: Accounting for Hedge Funds. CHAPTER 12: Tax Reporting for Hedge Funds. CHAPTER 13: Risk Management for Hedge Funds. CHAPTER 14: Marketing Hedge Funds. CHAPTER 15: Derivatives and Hedge Funds. CHAPTER 16: Lessons Learned from the Hedge Fund Industry. Glossary. Bibliography. Index.

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Book SynopsisDivorce and Domestic Relations Litigation represents the accountant''s body of knowledge on divorce and domestic relations and how it relates to the divorce process, alimony, child support, and property. At once a reference tool and a training guide for firms entering this specialization, this book provides the financial professional with a single source of information regarding the financial impact, the practical course, and the underlying theories that impact domestic relations.Table of ContentsPreface. 1. THE FINANCIAL ADVISER'S IMPACT ON DIVORCE LITIGATION. Nature and Administration of the Practice. State of Law. Initial Meetings with Counsel or the Client. Child Support. Property Issues. Tracing of Assets. Division of Property. Other Issues. 2. THE FINANCIAL ADVISER'S ROLE IN DIVORCE LITIGATION. The Financial Adviser's Role. The Divorce Process. Trials. Neutral Roles. 3. THE DETERMINATION AND TAXATION OF DIVORCE PROPERTY DIVISIONS. Property Theory and Issues. Family-Limited Partnerships. Taxation of Property Transfers. Redemption of Stock in a Closely Held Corporation. 4. THE VALUATION OF BUSINESSES IN DIVORCE LITIGATION. Business Valuation. Standards. Valuation Methodologies. Analysis of the Business. Control versus Minority Interests and Other Discounts and Premiums. Determination of Value. 5. THE VALUATION AND DIVISION OF RETIREMENT PLANS IN DIVORCE LITIGATION. Retirement Plans. Types of Qualified Plans. Governmental Plans. Individual Retirement Accounts, Simplified Employee Pensions, and SIMPLE Plans. Transfer of Retirement Assets. Nonqualified Plans. 6. THE TAXATION AND DETERMINATION OF SUPPORT IN DIVORCE LITIGATION. Child Support. Spousal Support. Types of Spousal Support. Tax Treatment of Spousal Support. Recapture of Spousal Support. Spousal Support Treated as Child Support. Spousal Support Substituted for Property Awards. Allocation between Child Support and Spousal Support. 7. THE DIFFERENCES OF PROPERTY AND INCOME IN DIVORCE LITIGATION AND ISSUES OF THE MARITAL RESIDENCES. Property or Income. Marital Residence. 8. TAX ISSUES IN DIVORCE LITIGATION. Income Tax. Innocent Spouse Relief. Expanded Innocent Spouse Relief. Separate Liability Election. Equitable Relief. Miscellaneous Tax Issues. Tax Attributes in Divorce. 9. THE FINANCIAL ADVISER'S TESTIMONY. Testimony. Preparation for Trial. Direct Examination. Cross-Examination. Redirect Examination. Recross Examination. The Decision. 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 SynopsisMark Kritzman takes on and simplifies six of the most perplexing and persistently challenging financial riddles. Through clever examples and plain logic, this book should help readers to arrive at a deeper understanding of finance and the daily management of money.Table of ContentsSiegel's Paradox. Likelihood of Loss. Time Diversification. Why the Expected Return Is Not To Be Expected. Half Stocks All the Time or All Stocks Half the Time? The Irrelevance of Expected Return on Option Valuation. Primer: Financial Concepts and Quantitative Methods. Glossary. Index.

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Book SynopsisThe hype and benefits of Activity-Based Costing have been difficult and expensive for small and medium-sized businesses to realize. This practical, do-it-yourself guide shows how both manufacturing and service companies can implement ABC without the expense of an outside consultant and without dismantling their current cost information systems.Table of ContentsActivity-Based Costing: The First Decade. Strange Case of Ace Manufacturing. What Is Activity-Based Costing. Deadly Virus of Generally Accepted Accounting Principles: Determining True Economic Costs. Logic of Activity-Based Costing. Case Study: ACME Distributors. Decision Costing: The Real Reason for Activity-Based Costs. Activity-Based Costing Model Toolbox. Developing Cost Flow-Down Structures: Case Studies. Building a Cost Accumulation and Distribution Model. Small-Time manufacturing: Developing the Conceptual Model. Small-Time Manufacturing: Building the Cost Accumulation and Distribution Model, Part 1-Cost Accumulation. Small- Time Manufacturing: Building the Cost Accumulation and Distribution Model, Part 2--Cost Distribution. Small-Time Manufacturing: Product Costing. Small-Time Manufacturing: Discrete Event Simulation or "What If?" Analysis. Small-Time Manufacturing: Multiyear Costing and Pricing. Impediments to Adopting Activity-Based Costing at the Small and Mid-Sized Organization. Making Activity-Based Costing Work at the Small and Mid-Sized Business. Index.

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Book Synopsis"A fascinating account of one of today's great paradoxes: The irreducible uncertainty that lies at the heart of social and economic order. A perfectly efficient market could not possibly work. Uncertainty reduces risk. Ed Peters takes our most cherished beliefs, tuns them upside down, and convinces us that they're much better that way.Trade ReviewEdgar E. Peters's latest book, Patterns in the Dark: Understanding Risk and Financial Crisis with Complexity Theory is not merely an autobiographical indulgence. The bulk of the book is Peters's lucent analysis expounding on the need for uncertainty. Whether he uses the example of genetic algorithms to show how randomness can lead a process to a goal even when the ultimate path is unknown, or if he simply shows how David Bowie's creation of Ziggie Stardust illustrates the integration of two seemingly contrary elements in the creative process (with a nod toward uncertainty as a requirement for stability), Peters's always seems to provide compelling insight into how global structure and local randomness interact. Edgar E. Peters's latest book, Patterns in the Dark: Understanding Risk and Financial Crisis with Complexity Theory is not merely an autobiographical indulgence. The bulk of the book is Peters's lucent analysis expounding on the need for uncertainty. Whether he uses the example of genetic algorithms to show how randomness can lead a process to a goal even when the ultimate path is unknown, or if he simply shows how David Bowie's creation of Ziggie Stardust illustrates the integration of two seemingly contrary elements in the creative process (with a nod toward uncertainty as a requirement for stability), Peters's always seems to provide compelling insight into how global structure and local randomness interact. Ultimately, the book's implications for "global structure" policymakers are more clear than any prescriptions that might be handed down to individual investors acting in an environment of local randomness. However, the discussions regarding various process models and their implications for economic activity are worth the price of admission alone. Interested investors ought to check it out.--("Fool On The Hill - An Investment Opinion" by Alex Schay - June 1999)Table of ContentsIntroduction: Life, Risk, and Uncertainty. UNCERTAINTY, COMPLEXITY, AND SPONTANEOUS ORGANIZATION. Imposing Order: Conspiracies and the Mathematics of Ignorance. Uncertainty, Vagueness, and Ambiguity: The Need for Information. Complexity and Time: The Dynamics of Uncertainty. FREE MARKETS AND THE NEED FOR UNCERTAINTY. Subjectivism: "The Economics of Time and Ignorance." Diversity and Knowledge. Crisis and Competition: Creative Destruction in Free Markets. Economic Evolution: Change in Real Time. Creativity: Uncertainty, Innovation, and Entrepreneurs. Rules and Law: Limits in Complexity. Degrees of Order: Balancing Rules, Freedom, and Uncertainty. The Need for Uncertainty. References. Index.

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Book SynopsisMany of today''s introductory courses are geared for business students in general, and they are becoming increasingly user-oriented. As a result, some instructors are finding that their financial accounting courses are not properly preparing accounting students for intermediate courses. Fortunately, J. Edward Ketz has developed an innovative solution that bridges the gap. His new text guides students through the mechanics of accounting, providing a firm foundation for courses that follow as well as professional practice. Clearly written and filled with helpful pedagogy, the text covers financial statements, bookkeeping, accounting information systems, technology, auditing, and more.Table of ContentsAn Overview of Financial Accounting and Auditing. The Balance Sheet, Income Statement, and Statement of Changes in Stockholders' Equity. The Accounting Cycle. Further Aspects of the Accounting Cycle. The Cash Flow Statement. Fundamentals of Accounting Information Systems. Fundamentals of Internal Control Systems. The General Ledger Cycle. The Revenue Cycle. The Expenditure Cycle. Payroll, Facilities, Investments, Financing, and Production Cycles. Recognition, Measurement, and Disclosure Issues. Index.

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Book SynopsisMust reading for business sellers, buyers, and the professionalswho serve them The secret of success in any business venture is in thedetails. In Buying and Selling Businesses, a remarkably successful businessconsultant supplies you with all the details you''ll need to expandyour professional practice into this booming market. Bill Bumsteadcovers everything from business valuation to closing the deal andgives you lots of tips on marketing your services, dealing withbuyers and sellers, and avoiding the industry''s many pitfalls. Thisindispensable guide: * Provides practical strategies for marketing intermediary servicesto buyers and sellers of businesses * Shows you how to combine the business of buying with the businessof selling * Supplies numerous sample checklists and forms * Helps you work effectively with buyers and sellers * Includes an extensive glossary and an industry resourcelist. M&A mania is back! U.S. business sales are boominTable of ContentsValuing Businesses. Marketing Business Valuations. Don't Wrestle with Porcupines. Finding Buyers and Sellers of Businesses. Initial Contact with Prospective Sellers and Buyers. Working with Sellers of Businesses. Packaging Businesses for the Marketing Process. Working with Buyers of Businesses. Maintaining Confidentiality. Offers to Purchase that Result in Closings. The Professional Team Approach to Effective Closings. Traits that Create Focused Intermediaries. Potential Certifications and Licensing for Intermediaries. Glossary. Industry Resources. Bibliography. Index.

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Book Synopsis"The sillier the market's behavior, the greater the opportunity for the business-like investor. Follow Graham and you will profit from folly rather than participate in it. "-Warren E. Buffett. "[Graham] is the genius who literally created the framework for investment analysis that leads to successful investing.Trade Review"Graham's thoughts are as relevant as they ever were. Go forth and seek value." (Investor's Week, 2nd November 2000)Table of ContentsBenjamin Graham and Security Analysis: A Reminiscence. THE BUSINESS AND ETHICS OF FINANCE. Is American Business Worth More Dead Than Alive? The Ethics of American Capitalism. ABOUT STOCKS AND THE STOCK MARKET. The New Speculation in Common Stocks. Stock Market Warning: Danger Ahead! Renaissance of Value. The Future of Common Stocks. ABOUT THE PROFESSION OF INVESTING. Toward a Science of Security Analysis. Testimony Before the Committee on Banking and Currency, United States Senate. INVESTMENT STRATEGIES. Current Problems in Security Analysis. THE COMMODITY RESERVE PLAN. Proposals for an International Commodity-Reserve Currency. Summarization of the Multiple Commodity Reserve Plan. INTERVIEWS WITH BENJAMIN GRAHAM. Benjamin Graham: The Grandfather of Investment Value Is Still Concerned. The Simplest Way to Select Bargain Stocks. An Hour with Mr. Graham. Index.

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Book SynopsisOne of the most striking applications of chaos theory in recent years, non-linear pricing uses genetic algorithms, fuzzy logic, fractal imaging and other cutting-edge technologies to identify and exploit patterns hidden within the seemingly helter-skelter rise and fall of daily stock prices.Trade Review"A lively and intriguing book from a writer who can range from Zen to mathematics."-Adam Smith, author of The Money Game and Paper Money "Nonlinear Pricing is an eminently readable book which I found satisfied both the theorist and the practitioner in me. For the theorist, there are new insights into the relationship between complexity and the markets. For the practitioner, there are practical ideas on how to fashion investment strategies. I highly recommend Nonlinear Pricing to all students of the markets."-Edgar E. Peters, Chief Investment Strategist, PanAgora Asset Management; author, Chaos and Order in the Capital Markets "Nonlinear Pricing goes further than any book I am aware of in drawing a connection between the real world of economics and the new ideas about economics coming from the science of self-organized systems. Written in a lively, informal style, this is a wonderful read for those of us who have been wondering whether anyone understands anything at all about how markets work."-Lee Smolin, PhD, Department of Physics, Pennsylvania State University "Required reading for the enlightened financial professional. Enjoyable for the intelligent investor. A dash of physics, bite-sized pieces of nonlinear concepts, and a broth of hands-on experience make this a cookbook for the modern trader."-Richard E. Morley, Potts Medal recipient and founder of the Breakfast Club "A real eye-opener-Nonlinear Pricing explains a complex subject in easy terms and makes the reader aware of the many opportunities offered by this new technology." -Richard Olsen, founder, Olsen and Associates, Zurich "I, of course, think highly of this book as it credits Dance of the Money Bees with inventing 'swarm theory', now a discipline in computer science. There are many other splendid insights." -John Train, author and President of the Montrose Fund "An extraordinary tour d'horizon, this book challenges conventional thinking about finance, investing, and much else besides. Brimming with ideas and eye-opening connections, it makes a powerful case for our need to understand the extent to which nonlinearity shapes our lives." -Andrew Freeman, Managing Editor, Financial Services, The Economist Intelligence Unit; co-author, Seeing Tomorrow: Rewriting the Rules of Risk "Nonlinear Pricing: Theory & Application by Christopher T. May makes nice reading even for people like me who are not economists. This is an ambitious book as it presents economics starting from fundamental physics. It deserves a large readership." -Ilya Prigogine, 1977 Nobel Laureate, Chemistry; author, The End of Certainty; and the world's foremost non-equilibrium scientistTable of ContentsA Toy Story for Wall Street. Nonlinearity: A Retrospective. Nonlinearity: A Prospective. Fractal Analysis. Results of the Hurst Exponent. Nonlinear Technology. Biology and the S&P. Father Time. Nonlinear Pricing-Advanced Concepts. The Last Word-Resonance. Appendix. Glossary. Bibliography. Index.

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Book SynopsisThe most trusted names in workouts and turnarounds share their valuable strategies Compiling insights and methods from industry experts, this authoritative and practical guide cuts through the maze of corporate restructuring jargon to give corporate leaders and professionals the proven techniques and clear advice needed to understand today''s corporate turnarounds and workouts. Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives detailed coverage of the key issues involved in this process-from both the creditor and company positions. You''ll learn how to identify a troubled company and determine the chances of turnaround, and what management should focus on before it''s too late. One of the leading authorities in financial and operational restructuring services, Dominic DiNapoli has assembled experts from around the country who have provided their insights and years of experience in the various topics covered in this book. From business regeneration taTable of ContentsPreface xxix 1 Trouble Spotting: Assessing the Likelihood of a Turnaround 1Dominic DiNapoli and Elliot FuhrPricewaterhouseCoopers LLP 2 Looming Financial or Business Failure: Fix or File – A Legal Perspective 21Harvey R. MillerWeil, Gotshal & Manges LLP 3 Preparing for Bankruptcy: Building the War Chest 45Joel NitzbergPricewaterhouseCoopers LLP 4 Business Regeneration: Early Detection – Early Intervention 54R. Carter PatePricewaterhouseCoppers LLP 5 Spin Control: Managing Internal and External Communications 74Michael S. SitrickSitrick & Company 6 The Lawyer’s Role in Representing the Distressed Company 85Lewis Kruger and Robin E. KellerStroock & Stroock & Laven LLP 7 At the Front of the Line: The Secured Creditor 108Chaim J. Fortgang, Seth Gardner, and David R. CaroWachtell, Lipton, Rosen, & Katz 8 Representing the Unsecured Creditors’ Committee in Insolvency Restructurings 156David S. Kurtz, Jeffrey W. Linstrom, and Timothy R. PohlSkadden, Arps, Slate, Meagher & Flom LLP 9 Lender Services: Let the Lender Beware! 191Robert S. Paul and Kris CoghlanPricewaterhouseCoopers LLP 10 Financing Alternatives for Troubled Companies 215William C. RepkoThe Chase Manhattan Bank, N.A. 11 Valuation of Companies within Workout and Turnaround Situations 225Thomas J. Milton, Jr. and Shannon P. PrattWillamette Management Associates 12 Market Dynamic and Investments Performance of Distressed and Defaulted Debt Securities 238Edward I. AltmanNew York University 13 International Restructuring: Overcoming Cross-Border Hurdles in South America 253Deborah M. Smith, PricewaterhouseCoopers LLP and Jeffrey A. SellThe Chase Manhattan Bank, N.A. 14 Asian Markets 279M. Freddie ReissPricewaterhouseCoopers LLP 15 The Accountant’s Role in the Workout Environment Beyond “Bean Counting” 303DeLain E. GrayPricewaterhouseCoopers LLP 16 Dealing with Employee Issues in a Bankruptcy Situation 328Robert J. Rosenberg and David S. HellerLatham & Watkins 17 Financial Aspects of Bankruptcy Disputes 349Harvey R. Kelly and Daniel V. DooleyPricewaterhouseCoopers LLP 18 Tax Planning in Corporate Reorganizations 378Mitchel R. AederPricewaterhouseCoopers LLP 19 The Retail Industry – Trends in the Next Century 399Kevin ReganPricewaterhouseCoopers LLP 20 A New Paradigm Emerges 416Jack Barthell, Pat Leardo, and Mitch M. RoschellePricewaterhouseCoopers LLP

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Book SynopsisInternationally recognized experts in the field introduce their business excellence paradigm. In this book, two leading pension fund experts lay out a comprehensive plan for effective fund management. With the help of domestic and global case studies they critically assess current approaches to pension fund management and isolate what works and what doesn''t using their unique critically acclaimed run-it-like-a-business model. Keith P. Ambachtsheer (Toronto, Canada) is principle at KPA Advisory Service, Inc., a pension fund management consulting firm. He runs The Ambachtsheer Letter and cofounded Cost Effective Measurement, Inc., which monitors the performance of 300 of the world''s largest asset funds. D. Don Ezra (Toronto, Canada) is Director of European Consulting at Frank Russell Co. His previous books include The Struggle for Pension Fund Wealth.Trade Review"This is a landmark book on pension fund management. All those with a stake in building pension wealth will profit from this common-sense, and clearly readable, guide to improved pension fund performance."--Burton G. Malkiel, author of A Random Walk Down Wall Street, and Chemical Bank Chairman's Professor of Economics, Princeton University "This is not just another book of theory about how pension funds should be managed, or about how one expert thinks an appropriate asset allocation should be determined . . . There is keen analysis by Messrs. Ambachtsheer and Ezra, both of whom are veteran pension consultants noted for thinking outside the box."--Michael J. Clowes, Editorial Director, Pensions & Investments "Keith Ambachtsheer and Don Ezra, two leading consultants, have written the most comprehensive handbook ever published on pension fund management. It's must reading for all those in a fiduciary role."--W. Allen Reed, President, General Motors Investment Management Corp. "Don Ezra and Keith Ambachtsheer are two of the best thinkers in the world of pension fund management. All who care about retirement assets will learn valuable lessons from their new book."--Charles D. Ellis, Managing Partner, Greenwich Associates ". . . powerful, authoritative, and provocative critique of a subject that concerns all of us . . ."--Peter L. Bernstein, President, Peter L. Bernstein, Inc., author Against the Gods: The Remarkable Story of RiskTable of ContentsPENSION FUNDS AS FINANCIAL BUSINESSES: THE NEW "EXCELLENCE" PARADIGM. The Coming Era of Pension Fund Capitalism. How Good Is Pension Fund Management? Mapping the Road to Excellence. WHAT EVERY PENSION FUND FIDUCIARY SHOULD KNOW ... OR HAVE A VIEW ON. What Fiduciaries Should Know about Pension Law and Pension Economics. What Fiduciaries Should Know about Capital Markets. What Fiduciaries Should Know about the Investment Management Services Market. MANAGING THE PENSION FUND BUSINESS. Effective Pension Fund Governance. The Right Funding Policy. The Right Asset Allocation Policy. Creating Value through Policy Implementation. From Data to Information to Knowledge. Managing Small Pension Funds. EXCELLENCE IN ACTION: FROM CASE STUDIES. Excellence in Action: The Teachers' Pension Fund. Excellence in Action: HiTechCo, Mid-West Resources Pension Fund, and the Yale University Investments Office. PENSION FUNDS IN THE TWENTY-FIRST CENTURY: THREE CRITICAL ISSUES. Defined Contribution Plans Are Different, But Are They Better? Fixing "Broke" National Pension Schemes. Pension Funds, Politics, and Power. Index.

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Book SynopsisCrucial Help for Getting the Most from Today''s Information Systems Technology Deciding what type of information systems your company will need to stay competitive into the twenty-first century is a highly complex and risky exercise. SAP: An Executive''s Comprehensive Guide provides the information you need to assess your options realistically and make the most informed decisions possible. Written by a team of business, financial, and information systems professionals who have extensive experience with SAP system implementations at Fortune 500 companies, this book: * Explores the strategic role of client/server enterprise computing now and in the next century * Helps you to evaluate your company''s long-term IS requirements * Offers an impartial look at SAP R/3 strengths and weaknesses * Outlines the costs and benefits involved in implementing SAP R/3 * Helps you decide whether SAP R/3 is right for your organization * Shows you how to make SAP R/3 anTable of ContentsPartial table of contents: THE EXECUTIVE VIEW. Who Is SAP, and What Is R/3? What Is the Business Case for Implementing SAP Software? Are We Ready to Implement SAP/R3? What Do I Need to Know About SAP R/3 Functionality? Competitors to SAP. THE IMPLEMENTOR'S VIEW: TOOLS AND ISSUES. Methodologies. Tools. Process Redesign. Risk Management. Change Management. THE IMPLEMENTOR'S VIEW: TOOLS AND ISSUES. Methodologies. Tools. Process Redesign. Risk Management. Change Management. THE IMPLEMENTOR'S VIEW: THE IMPLEMENTATION PROCESS. Initiation and Planning. Getting SAP in Place. Deployment Options. SAP Tools. Third-Party Tools. Glossary. Index.

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Book SynopsisA one-stop resource for setting up or improving an existing payroll system! The most comprehensive resource available on the subject, Accounting for Payroll: A Comprehensive Guide provides up-to-date information to enable users to handle payroll accounting in the most cost-effective manner. From creating a system from scratch to setting up a payroll department to record-keeping and journal entries, Accounting for Payroll provides the most authoritative information on the entire payroll process. Ideal for anyone new to the payroll system or as a skill-honing tool for those already immersed in the field, this hands-on reference provides step-by-step instructions for setting up a well-organized payroll system or improving an existing one.Table of ContentsPreface xiii About the Author xvii Chapter 1 Creating a Payroll System 1 Chapter 2 Accumulating Time Worked 19 Chapter 3 Payroll Procedures and Controls 33 Chapter 4 Payroll Best Practices 49 Chapter 5 Payroll Measurements and Internal Reports 73 Chapter 6 Compensation 89 Chapter 7 Payroll Deductions 111 Chapter 8 Payroll Taxes and Remittances 125 Chapter 9 Benefits 149 Chapter 10 Payments to Employees 171 Chapter 11 Unemployment Insurance 181 Chapter 12 Payroll Recordkeeping 197 Chapter 13 Payroll Journal Entries 203 Chapter 14 Payroll-Related Laws 215 Chapter 15 Outsourcing Payroll 227 Chapter 16 International Payroll Issues 237 Chapter 17 Setting Up the Payroll Department 251 Chapter 18 Government Payroll Publications and Forms 263 Appendix A Sources of Payroll Information 269 Appendix B Dictionary of Payroll Terms 271 Index 279

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Book SynopsisPraise for Throughput Accounting: A Guide to Constraint Management Throughput Accounting provides managers with a fresh set of eyes to identify and control bottlenecks. The drum, buffer, and rope will become part of the cost accounting lexicon in the future. Geoffrey Garland, Controller, StacoSwitch, Inc. This is good stuff! Steven Bragg has introduced us to an accounting structure that will enhance our bottom line utilizing throughput accounting methodology. Finally! We have a presentable means to transform a company''s financial functions to support the cultural change to throughput accounting. Rick J. Stevens, President, LeanThinkingbyAccountants, LLC A thought-provoking, insightful, and useful book that explains how older conventions of accounting can lead to poor management decisions. Instead of focusing on typical cost-cutting methods only, Mr. Bragg provides CFOs with a systemic approach on how to instead focus on maximizing proTable of ContentsAbout The Author. Preface. 1 Overview of the Theory of Constraints. Definitions for the Operational Aspects of the Theory of Constraints. The Operational Aspects of the Theory of Constraints. Nature of the Constraint. Definitions for the Financial Aspects of the Theory of Constraints. The Financial Aspects of the Theory of Constraints. The Opportunity Cost of Operations. Summary. 2 Constraint Management in the Factory. Locating the Constraint. Management of the Constrained Resource. Types of Policy Constraints. The Constraint Buffer. The Assembly Area Buffer. Production Scheduling. Batch Sizes. Machine Setups—Sales Perspective. Machine Setups—Reduction Efforts. Summary. 3 Throughput and Traditional Cost Accounting Concepts. The Emphasis on Cost versus Throughput. The Emphasis on Product Cost versus System Profitability. Variations in the Treatment of Low-Margin Products. The Emphasis on Burdened versus Throughput Pricing. Variations in Scrap Reporting. Variations in Variance Analysis. The Treatment of Direct Labor. Inventory Valuation. Activity-Based Costing versus Throughput Accounting. Direct Costing versus Throughput Accounting. Summary. 4 Throughput and Financial Analysis Scenarios. The Basic Throughput Analysis Model. The Low Price, High Volume Decision. The Low Price for Export Market Decision. The Outsourced Production Decision. The Increased Downstream Capacity Decision. The Increased Upstream Product Processing Decision. The Increased Sprint Capacity Decision. The Additional Quality Workstation Decision. The Increased Constraint Staffing Decision. The New Product Addition Decision. The Product Cancellation Decision. The Altered Product Priority Decision. The Raw Material Constraint Decision. The Constraint in the Marketplace Decision. The Plant Closing Decision. Underlying Concepts of the Throughput Analysis Model. Summary. 5 Throughput in the Budgeting and Capital Budgeting Process. Capital Budgeting with Throughput Accounting. Budgeting for Revenue with Throughput Accounting. Budgeting for New Products with Throughput Accounting. Budgeting for Operating Expenses with Throughput Accounting. Budgeting for Production Labor Expenses with Throughput Accounting. Budgeting for Sales Department Expenses with Throughput Accounting. Summary. 6 Throughput and Generally Accepted Accounting Principles. The Nature of Generally Accepted Accounting Principles. Differences Between Throughput and GAAP Accounting. Income Statements for Throughput Accounting and GAAP. Modifying the Chart of Accounts for Throughput Accounting. Reconciling Throughput Accounting to GAAP. Throughput Accounting and Cost-Plus Contracting. Summary. 7 Throughput and Control Systems. Constrained Resource Controls. Buffer Controls. Production Scheduling Controls. Summary. 8 Throughput and Performance Measurement and Reporting Systems. Ratio of Throughput to Constraint Time Consumption. Total Throughput Dollars Quoted in the Period. Ratio of Throughput Dollars Quoted to Throughput Firm Orders Received. Sales Productivity. Ratio of Throughput Booked to Shipped. Trend Line of Sales Backlog Dollars. Ratio of Maintenance Downtime to Operating Time on Constrained Resource. Throughput of Post-Constraint Scrap. Constraint Utilization. Constraint Schedule Attainment. Manufacturing Productivity. Manufacturing Effectiveness. Order Cycle Time. Throughput Shipping Delay. Inventory Turnover. Return on Investment. Throughput Contribution Report. Buffer Management Report. Buffer Hole Percentage Trend Report. Misleading Measurements and Reports. Summary. 9 Throughput and Accounting Management. Throughput Analysis Priorities. The Subordination Concept. The Duration of Capacity Constraints. The Inventory Build Concept. The Capacity–Buffer Interrelationship. Investment Analysis. Price Formulation. Transfer Pricing. Cost Reporting. Staffing Decisions. The Problem with Using Throughput Accounting for Tactical Changes. Throughput Software and Makeshift Systems. Summary. 10 Throughput Case Studies. Summary. Index.

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Book SynopsisThere is one thing that can be said about A Fool and His Moneythat cannot be said about any other colume of investment advice:You will never make a penny from the information in this book. Nowork on the subject of personal finance has even tried to make thisclaim before. That is because works on the subject of personalfinance are all lying. John Rothchild is the only fully honestauthor in the genre.--from the Foreword by P. J. O''Rourke. A veritable gold mine of comic insight into the predicament of anaverage investor''s avid pursuit of wealth, A Fool and His Money isJohn Rothchild''s critically acclaimed personal account of a yeardevoted to investing his money in the markets. The entireinvestment world--its characters, institutions, customs, andmyths-passes under Rothchild''s sharp and profoundly humorousscrutiny. Acclaim for A Fool and His Money What makes this book so good is that Rothchild can explain thingslike naked puts . . . and leave the reader both Table of ContentsMy Expert Credentials. Wanting to Be Rich. Money in the Bank. The Financial Checkup. The Lessons of History. Some Practical Advice. Shopping for the Broker. Buyer's Remorse and Other Side Effects. How the Experts Pick Their Stocks. A Fool at the Stock Exchange. On the Floor. My Second Investment. What the Fed Was Going to Do. Going Over-the-Counter. Seeing the Analyst. A Walk on the Buy Side. Among the Billion-Dollar Brains. On Becoming a Stockbroker. Selling Myself Short. Reflections on My Progress to Date. On to Chicago. Opening a Commodities Account. My Killing in Commodities. My Doubts About Futures. My Ethical Dilemma. A Bout with Loews. A Household Correction. In Search of a Forecast. My Inside Information. A Street Gone Mad. Postscript. A Fool's Glossary.

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Book SynopsisFor Finance and Treasury professionals to effectively pitch, sell,and comprehend the true appeal and relevance of a particularsecurity, there is nothing more important than knowing how thevalue of said security has been determined. While punching numbersinto a computer may provide the information needed, it isnevertheless essential to have a firm grasp of the valuationconcepts in order to make the best, most informed decisions.Offering a straightforward, accessible approach not found anywhereelse, this comprehensive new book provides a clear-cut road mapthrough the mathematical concepts associated with the investmentssector of Treasury management. Written by an expert in the field, Investment Mathematics forFinance and Treasury Professionals explains the principles andformulae used in the fixedincome cash markets. It presents anin-depth, yet practical look at the applications associated withthese money and capital markets instruments. The book also coverscalculations and appliTable of ContentsInstruments in the Band. The Concept of Yield. Yield Spread Analysis. Price/Yield Sensitivity. Term Structure of Interest Rates. Securities with Contingent Cash Flows. Interest Rate Futures Contracts. Foreign Exchange. Options. Exotic Options, Interest Rate Swaps, and Other Interest RateDerivatives. Risk/Return. Information Location. Appendices. Glossary. Index.

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Book SynopsisPresenting the most advanced thinking on the topic, this book covers the latest valuation models and techniques. It addresses essential topics such as the subtleties of fixed-income mathematics, new approaches to modeling term structures, and the applications of fixed-income valuation on credit risk, mortgages, munis, and indexed bonds.Table of ContentsADVANCED FIXED-INCOME MATHEMATICS. Fixed-Income Subtleties and the Pricing of Long Bonds (N. Pearson). Convexity Bias and the Yield Curve (A. Ilmanen). Futures vs. Forward Prices: Implications for Swap Pricing and Derivatives Valuation (M. Grinblatt & N. Jegadeesh). TERM STRUCTURE MODELING. Discrete-Time Models of Bond Pricing (D. Backus, et al.). Stochastic Mean Models of the Term Structure of Interest Rates (P. Balduzzi, et al.). Interest Rate Modeling with Jump-Diffusion Processes (S. Das). OTHER RISK FACTORS. Some Elements of Rating-Based Credit Risk Modeling (D. Lando). Anatomy of Prepayments: The Salomon Brothers Prepayment Model (L. Hayre & A. Rajan). The Pricing and Hedging of Mortgage-Backed Securities: A Multivariate Density Estimation Approach (J. Boudoukh, et al.). The Muni Puzzle: Explanations and Implications for Investors (J. Chalmers). Models of Currency Option Pricing (G. Bakshi & Z. Chen). NUMERICAL VALUATION TECHNIQUES. Exploring the Relation between Discrete-Time Jump Processes and the Finite Difference Method (S. Heston & G. Zhou). Monte Carlo Methods for the Valuation of Interest Rate Securities (L. Andersen & P. Boyle). Index.

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Book SynopsisA comprehensive collection of effective litigation reports on a variety of subjects Accounting, financial, appraisal, and economic experts called upon to provide expert testimony in legal proceedings need reliable models for the critical documents they will submit to the court. Litigation Support Report Writing collects eighteen exemplary reports from a variety of financial topics, providing professionals a comprehensive resource on this vital function. Order your copy today.Table of ContentsPreface. About the Editors. About the Contributors. Part I. Business Appraisal. 1. Valuation of a Manufacturing Facility (Mike Hill and Gerald A. Keller). 2. Valuation of Stock in a Corporation (David N. Fuller). Part II. Employment Litigation. 3. Employment Discrimination (Ali Saad). 4. Wrongful Discharge (Roman L.Weil). Part III. Family Law. 5. Child and Spousal Support (John D. Zante). 6. Valuation and Apportionment of Community and Separate Business Interests (Donald Gursey and Tracy Farryl Katz). 7. Apportionment of Community and Separate Business Interests (Donald Gursey and Tracy Farryl Katz). Part IV. Intellectual Property. 8. Intellectual Property/Equipment (Bruce McFarlane and Lilian Quah). 9. Intellectual Property/Software (Robert L. Vigil). 10. Trademark Misuse/Rebuttal (Jeffrey H. Kinrich). Part V. Personal Injury. 11. Personal Injury (Holly Sharp). 12. Personal Injury/Rebuttal (Jack P. Friedman). Part VI. Real Estate. 13. Real Estate Condemnation (Barry A. Diskin and Liz W. Citron). 14. Land Use/Zoning (Neil G. Carn). 15. Construction Claims (D. Paul Regan and Colin A. Johns). 16. Environmental Damages (Rudy R. Robinson, III). Part VII. Securities Litigation. 17. Shareholders’ Suit against Corporation (David Tabak). 18. Shareholders’ Suit against Corporation/Rebuttal (K. Ramesh, Susan Hoag, Gaurav Jetley). Index.

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Book SynopsisDiscover how Web services can improve cost-savings and make your organization more competitive. You'll get summaries of developing standards, current vendor positions (Microsoft, Novell, IBM, Oracle, Sun), and industry examples of Web services solutions and benefits. Order your copy today!.Table of ContentsPreface. CHAPTER 1: A Day in the Life of a CIO. A Brief Recap: The Past 10 Years. Business Value from Web Services. Web Services Adoption Model. Summary. CHAPTER 2: Standards, Concepts, and Terminology. Real-Life Web Services. Web Services Defined. Adoption of Standards. Standards Framework. Web Services Stack. Standards Governance and Interoperability. Summary. Endnotes. CHAPTER 3: Web Services Adoption. Adoption Model. Phase One: Integration. Phase Two: Collaboration. Phase Three: Innovation. Phase Four: Domination. Obstacles to Adoption. Summary. Endnotes. CHAPTER 4: Strategic Implications of Web Services. A Business Perspective. Value Chain Analysis. Summary. Endnotes. CHAPTER 5: Vertical Market Implications of Web Services. Vertical Market Adoption and Deployment. Manufacturing Verticals. Financial Services Verticals. Additional Business Scenarios. Summary. Endnotes. CHAPTER 6: Where to Begin? Reality versus Hype. Three Steps to Successful Web Services. Where-to-Begin Checklist. Summary. Endnotes. CHAPTER 7: Architecting for Competitive Advantage. Evolution of Computer Systems. The Enterprise Architecture. The Service-Oriented Architecture. The Future of Enterprise Architectures. Platform Implementation Considerations. Summary. Endnotes. CHAPTER 8: The Web Services Vendor Landscape. Vendor Categories. Summary. Endnote. CHAPTER 9: The End Is Only the Beginning. Epilogue (One Year Later). Index.

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Book SynopsisMany investment books include a chapter or two on investment performance measurement or focus on a single aspect, but only one book addresses the breadth of the field. Investment Performance Measurement is a comprehensive guide that covers the subjects of performance and risk calculation, attribution, presentation, and interpretation.Table of ContentsPreface. Acknowledgments. CHAPTER 1: Investment Performance Measurement. PART ONE: RETURN MEASUREMENT. CHAPTER 2: Single Period Return. CHAPTER 3: Money-Weighted Return. CHAPTER 4: Time-Weighted Return. CHAPTER 5: Multiperiod Return. CHAPTER 6: Adjusting Returns for Impact of Fees, Taxes, and Currency. CHAPTER 7: Measuring Relative Return. PART TWO: RISK MEASUREMENT. CHAPTER 8: Risk. CHAPTER 9: Absolute Risk. CHAPTER 10: Downside Risk. CHAPTER 11: Relative Risk. PART THREE: MEASURING RISK-ADJUSTED PERFORMANCE. CHAPTER 12: Absolute Risk-Adjusted Return. CHAPTER 13: Downside and Relative Risk-Adjusted Return. CHAPTER 14: Assessing Skill. PART FOUR: PERFORMANCE ATTRIBUTION. CHAPTER 15: Security and Segment Returns. CHAPTER 16: Effective Exposure Basis Returns. CHAPTER 17: Contribution Analysis. CHAPTER 18: Attributing Value Added to Management Decisions. CHAPTER 19: Strategy-Specific Return Decomposition. PART FIVE: PERFORMANCE PRESENTATION. CHAPTER 20: AIMR- and GIPS-Compliant Performance Presentations. Appendix: The AIMR Performance Presentation Standards. Index.

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Book SynopsisMarket neutral strategies have gained attention for their potential to deliver positive returns regardless of the direction of underlying markets. As these strategies have built a record of good performance in recent years, they have attracted growing interest from both private and institutional investors.Table of ContentsForeword (Mark Anson). Acknowledgments. About the Editors. Contributing Authors. Chapter 1: Introduction (Bruce I. Jacobs and Kenneth N. Levy). Chapter 2: Questions and Answers About Market Neutral Investing (Jane Buchan, Bruce I. Jacobs, and Kenneth N. Levy). Chapter 3: Market Neutral Equity Investing (Bruce I. Jacobs and Kenneth N. Levy). Chapter 4: Convertible Bond Hedging (Jane Buchan). Chapter 5: Sovereign Fixed-Income Arbitrage (John Maltby). Chapter 6: Market Neutral Strategies with Mortgage-Backed Securities (George E. Hall and Seth C. Fischoff). Chapter 7: Merger Arbitrage (Daniel S. Och and Todd C. Pulvino). Chapter 8: Transporting Alpha (Bruce I. Jacobs and Kenneth N. Levy). Chapter 9: A Tale of Two Hedge Funds (Bruce I. Jacobs and Kenneth N. Levy). Chapter 10: Significant Tax Considerations for Taxable Investors in Market Neutral Strategies (Peter E. Pront and John E. Tavss). Chapter 11: Tax-Exempt Organizations and Other Special Categories of Investors: Tax and ERISA Concerns (Peter E. Pront and S. John Ryan). Chapter 12: Afterword (Bruce I. Jacobs and Kenneth N. Levy). GLOSSARY. INDEX.

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Book SynopsisCurrent, comprehensive guidelines to ethical regulations for accounting professionals A handful of high-profile accounting misdeeds at Enron, WorldCom, Adelphia, and the like have left the entire accounting profession scrambling to assert its validity and negotiate a flurry of new regulations. Ethics for CPAs provides a valuable road map to this new landscape, instructing accounting professionals on how to abide by the new pronouncements and, if necessary, how to professionally respond to an investigation. Employing an information-mapping format, Ethics for CPAs separates information into small units based on purpose or function for the reader, rather than by topic, creating an accessible desk reference. This authoritative guide covers the most recent and extensively revised ethics requirements of the: * AICPA''s Code of Professional Conduct * SEC * Department of Labor * GAO''s Yellow Book * State societies and state boards Table of ContentsPART A. INTRODUCTION TO ETHICS. Chapter 1. Introduction. Chapter 2. Organizations Involved in the Development, Regulation, and Enforcement of Ethics Requirements. Chapter 3. Ethics Enforcement–What a Member Needs to Know. PART B. OVERVIEW OF INDEPENDENCE, INTEGRITY, AND OBJECTIVITY. Chapter 4. The Fall of Enron and the Ethics Aftermath. Chapter 5. Importance of Independence. Chapter 6. Basic Concepts of Rule 101, Independence, and Rule 102, Integrity and Objectivity. Chapter 7. Requirements for Integrity and Objectivity (Including Freedom from Conflicts of Interest). PART C. INDEPENDENCE REQUIREMENTS FOR MEMBERS IN PUBLIC PRACTICE. Chapter 8. Engagements That Require Independence. Chapter 9. Definition of Covered Member/Person, Immediate Family Members, and CPA Firms for Purposes of Independence Requirements. Chapter 10. Direct and Indirect Financial Interests in Clients. Chapter 11. Financial Interests in Nonclients That Have Investor or Investee Relationships with Clients. Chapter 12. Former Practitioners. Chapter 13. Unpaid Fees. Chapter 14. Performance of Other Services for Clients. Chapter 15. Business Relationships; Cooperative Arrangements; Joint Closely Held Investments; Lease Arrangements; and Investments by Clients in Auditors. Chapter 16. Loans to and from Clients. Chapter 17. Employment by and Connections with Clients. Chapter 18. Employment of a Spouse, Dependent, or Close Relative by a Client. Chapter 19. Gifts and Privileges. Chapter 20. Actual or Threatened Litigation. Chapter 21. Indemnification Agreements. Chapter 22. Outsourcing of the Internal Audit Function and Other Extended Audit Services. Chapter 23. Independence Requirements for Governmental Audits and Nonprofit Organizations Subject to Yellow Book Requirements. Chapter 24. Independence Requirements for Audits of Employee Benefit Plans. Chapter 25. Independence Requirements for Agreed-Upon Procedures Engagements. Chapter 26. Alternative Practice Structures. Chapter 27. Quality Control Systems for Independence. PART D. AICPA RULES OTHER THAN INDEPENDENCE, INTEGRITY, AND OBJECTIVITY. Chapter 28. Rules 201, 202, and 203–General Standards, Compliance with Standards and Accounting Principles. Chapter 29. Rule 301—Confidential Client Information. Chapter 30. Rule 302—Contingent Fees. Chapter 31. Rule 501—Acts Discreditable. Chapter 32. Rule 502—Advertising and Other Forms of Solicitation. Chapter 33. Rule 503—Commissions and Referral Fees. Chapter 34. Rule 505—Form of Organization and Name. PART E. OTHER ETHICS GUIDANCE. Chapter 35. Statements on Standards for Tax Services and Interpretations. Chapter 36. Statements on Standards for Consulting Services. Chapter 37. An Interpretative Outline of IFAC's Code of Ethics for Professional Accountants. Chapter 38. Where to Go for More Information. Appendix A. Glossary. Appendix B. How to Contact the State Boards and State Societies. 2003 Self-Study CPE Program. Index.

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Book SynopsisCorporations face a high turnover among financial managers, rapid changes in technology, lack of time and process redesign skills, and ongoing ambiguity about primary objectives behind the budgeting and financial reporting processes. A large number of companies have ineffective and low-value budgeting and reporting processes.Table of ContentsPreface. Part One: Introduction to Business Process Improvement. 1. About Business Process Improvement. Introduction. Why Focus on Budgeting and Reporting Processes? Positive Effects of BPI. Implementing Change. Phases of a BPI Project. Core Budgeting and Reporting Processes. Closing Remarks. 2. When BPI Is Valuable. Preconditions for BPI. What BPI Can Do for a Company. BPI Overview. 3. Small and Large Projects and Associated Resources. 4. Return on Investment of BPI Projects. 5. Best Practices, Trends, and Technology. Technology Trends. Analytics and Balanced Scorecard. Impact of the Internet. 6. Selling Change to Your Organization. How to Sell a BPI Project. Part Two: Business Process Improvement Project. 7. Getting Started. Budgeting and Reporting Overview: So You Want Perfect Analytics Processes? Preparing for the BPI Project. Summary of Current Issues: Simplified Example. Using Diagrams to Visualize Processes. 8. Due Diligence. Company Values. Risks. Strengths and Weaknesses. 9. Improving the Budgeting Process. Establish a Timeline. Improve Data Entry. Do Forecasting. Report on Budgets. Complete Analysis. Enforce Accountability. Support Enablers. 10. Revenue Budgeting. Objectives. Customer Needs. Dimensions and Chart of Account Considerations. Drivers. Top-Down or Bottom-Up Budgeting Approach. Assumptions. Special Considerations. Users. Best Practices. 11. Employee Budgeting. Objectives. Customer Needs. Dimensions and Chart of Account Considerations. Top-Down or Bottom-Up Approach. Drivers. Assumptions. Special Considerations. Users. Best Practices. 12. Cost of Sales and Operating Expenses. Objectives. Customer Needs. Dimensions and Chart of Account Considerations. Top-Down or Bottom-Up Approach. Drivers. Assumptions. Special Considerations. Users. Best Practices. 13. Capital Expenses. Objectives. Customer Needs. Dimensions and Chart of Account Considerations. Top-Down or Bottom-Up Approach. Drivers. Assumptions. Special Considerations. Users. Best Practices. 14. Balance Sheet and Cash Flow Statements. Objectives. Customer Needs. Dimensions and Chart of Account Considerations. Top-Down or Bottom-Up Approach. Drivers. Assumptions. Special Considerations. Users. Best Practices. 15. Alternative Budgeting Approaches. Zero-Based Budgeting. Activity-Based Budgeting. Balanced Scorecard. Beyond Budgeting Round Table. 16. Improving Financial Reporting Processes. Ethical Concerns. Financial Reporting as a Business Process. What’s Wrong with This Picture? Looking for Improvement Opportunities. Evaluating Reporting Process Enablers. 17. Human Resources, Training, Strategy, and Workflow. Human Resources. Training. Strategy. Workflow. 18. Best Practices. Closing. Reporting. 19. Technology. Analytics Applications and the Financial Data Warehouse. Extract, Transform, and Load: Combining Data from Diverse Systems. Using XBRL for External Reporting. Intranets, Extranets, and Browsers: Using the Web to Distribute Operating and Financial Data. 20. BPI Makeover. Summary. Part Three: Designing the Ultimate Chart of Accounts. 21. Chart of Accounts Redesign. Purpose. When to Redesign. 22. Creating a New COA. General Design Considerations. Segment and Value Considerations. Design Factors. Other Considerations. Features of a Basic Chart of Accounts. Ideal Number and Use of Segments. Ideal Length of Segments. 23. COA Development Plan. Development Process. International Considerations. Sample COA Project Plan. Recommendations and Other Considerations. Summary. Part Four: Interviews. 24. Robert Blake, Microsoft Corporation. 25. Dean Sorensen, Bywater Management Consulting. 26. Bill Ellenback, Software User. Part Five: Software Tools and Resources. 27. Selecting Analytics Software. Devise a Plan. Using a Software Selection Company. 28. Software Evaluation: Factors to Consider. Current and Future Use Requirements. Winning Company Buy-in. Cost/Benefit Analysis. Return on Investment Analysis for New Software. Features and Flexibility. Compatibility with Existing Software. Ease of Use. Software Stability. Vendor-Related Items. Working with an Implementation Partner. How to Select: Summary. 29. Software Buyer’s Guide. Query and Reporting Systems. Decision Support Systems. Budgeting and Planning Solutions. Enterprise Information Portals. Data Warehouse Software. ETL Software Vendors. e-Learning Software Vendors. Appendix A: Sample Confidentiality and Nondisclosure Agreement (Sales/Demo Process). Appendix B: Sample Consulting Agreement. Appendix C: Software Vendor Listing. Appendix D: Sample Chart of Accounts. Glossary. Index.

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Book SynopsisManaging Foreign Exchange Risk explains how treasurers can better manage their foreign exchange risk through the use of financial derivative instruments and how to manage their various exposures.Table of ContentsPreface xv Chapter 1 Global Markets: Transactions and Risks 1 Savings and Loans Problems 2 Agency Problems 3 Types of Markets 5 Types of Transactions 7 Types of Risks 10 Chapter 2 Balance of Payments Exposure Management 15 Balance of Payments as a Source and Use of Funds 17 Components of Balance of Payments 17 Current Account and Economic Fundamentals 19 Capital Account, Expectation, and Interest Rate 21 U.S. Balance of Payments: Recent Evidence 21 Exposure Related to Capital Account 23 Exchange Rate Arrangements, Dollarization, and Peg 28 Managing Balance of Payment Exposure in the Emerging Market Economies 32 Case Study: Kairos Capital 33 Chapter 3 Foreign Exchange Rate Dynamics: Managing Exposure 39 Foreign Exchange Markets 39 Foreign Exchange Transactions 39 Foreign Exchange Market Functions 45 Foreign Exchange Quotations 45 Cross-Exchange Rate 46 Bid and Offer Quotations in the Interbank Market 47 Arbitrage in the Foreign Exchange Market 47 Major Players in the Foreign Exchange Market 47 Speculative Transactions 50 Foreign Exchange Loss 50 Settlement Risk 51 Spot Rate and the Law of One Price 51 Big Mac Index 52 Central Bank Intervention 54 Relative Version of Purchasing Power Parity 56 Exchange Rate Pass-Through 59 Spot Exchange Rate and Nominal Interest Rate 61 Forward Exchange Rate and Covered Interest Parity 62 Forward Premium or Discount for Selected Currencies 65 International Parity Relationship 66 Real Exchange Rate 66 Real Exchange Rate and East Asian Currency Crisis 68 Case Study: Real-World Furniture, Inc. 69 Chapter 4 Application of Options and Futures for Managing Exposure 75 Determinants of the Option Price (Premium) 75 Options Traded in Organized Exchanges 77 Sensitivity of Put and Call Price to Underlying Factors 79 Functions of Options and Futures 82 Hedging Receivables Denominated in Foreign Currency 86 Speculation on the Futures Premium or Discount 91 Hedge Ratio 93 Price Discovery of Options and Futures 95 Regulatory Arbitrage 96 Binomial Option Pricing 96 Hedged Portfolio 99 Derivatives Application in Practice 100 Synthetic Forward Contract 101 Case Study: Applications of Futures Contracts in Portfolio Hedging 102 Chapter 5 Principles of Futures: Pricing and Applications 107 Cost of Carry 107 Stock Index Futures 108 Index Arbitrage 109 Portfolio Insurance 113 Hedging with Stock Index Futures Options 115 Basis Risk 119 Changing the Beta of the Portfolio with Futures 120 Anticipatory Hedge with Stock Index Futures 122 Case Study: Competition for Safeway, PLC 123 Managing Exposure of an Individual Stock 124 Currency Futures 124 Hedging with Currency Futures 126 Anticipatory Hedging of Weakening Currency 128 Rolling Over the Futures Hedge 129 Marking to Market and Margin 131 Commodity Futures 132 Spread Position 133 Hedging with Commodities Futures 134 Empirical Evidence: Forward and Future Prices 138 Case Study: Chockletto International Hedging 140 Chapter 6 Interest Rate Futures: Pricing and Applications 143 Treasury Bills Futures 144 Spot Rate 144 Forward Rate 146 Determinants of the Shape of the Term Structure of Interest Rates 148 Approximate Duration 154 Pricing Treasury Bill Futures 155 Eurodollar Futures 156 Treasury Notes Futures 158 Treasury Bond Futures 160 Conversion Factor 162 Arbitrage in the Interest Rates Futures Market 165 Pricing Synthetic Futures or Forward 165 Hedging with Futures: Duration-Based Approach 168 Chapter 7 Swaps 177 Interest Rate Swaps 178 Forward Rate Agreement 178 Interest Rate Conventions 181 Stripes of Forward Rate Agreements 181 Motivations for Swaps 183 Swaps Due to Comparative Advantage 185 Swap Valuation 188 Interest Rate Caps, Floors, Collars, and Corridors 190 Volatility of Interest Rates 198 Swaptions 200 Callable Swap 201 Putable Swap 202 Warehousing Swap 203 Swaps Risks 203 Exotic Swaps 206 Currency Swaps 207 Break-Even Analysis of Swap and Refinancing 211 Options Embedded in Currency Swaps 212 Three-Way Swaps 213 Chapter 8 Translation, Transaction, and Operating Exposure 217 Translation Exposure 217 Case Study: Accounting Exposure 220 Functional Currency 222 Managing Translation Exposure 223 Balance Sheet Hedging 223 Transaction Exposure 224 Operating Exposure 224 Hedging in Practice: Nike and DuPont 225 Exposure Netting 226 Forward Hedging: Example 226 Money Market Hedge 228 Hedging with Futures 231 Option Hedging 233 Value at Risk 235 Two Assets Portfolio 237 Lufthansa Buys Aircraft from Boeing 238 Managing Operating Exposure 243 Fixed for Fixed Currency and Interest Rate Swaps 249 Chapter 9 Debt, Equity, and Other Synthetic Structures 253 Inverse Floater 253 Creating a Synthetic Fixed Rate 256 Synthetic Structures 258 Mortgage- and Asset-backed Derivatives 259 Prepayment Risks 259 Sequential-Pay Collateralized Mortgage Obligations 261 Interest Only and Principal Only 261 Equity-Linked Debt 263 Zero Coupon Bond Linked to Goldman Sachs Commodity Index 264 Global Diversification with Swaps 265 Catastrophe Bonds 266 Liability Management with Derivatives 266 Spread on Treasury Yield Curve 275 Chapter 10 Options on Futures 279 Spreads 281 Bull Spreads 281 Bear Spreads 283 Butterfly Spreads 284 Box Spreads 285 Long Straddle 288 Short Straddle 289 Calendar Spread 290 Strips 292 Straps 294 Price and Yield Volatility 296 Spread Trades on Treasury Curves 297 Exotic Options 301 Chapter 11 Credit Derivatives: Pricing and Applications 307 Credit Derivatives Products 308 Credit Event/Default Swap 309 Pricing Credit Default Swap 312 Unwinding and Assignability of Credit Default Swaps 315 Default Probability 318 Break-Even High-Yield Bonds 320 Default Risk/Return 321 Creating Synthetic Assets 321 Synthetic Credit Default Swaps 323 Credit Default Swap Applications 323 Restructuring 324 Credit-Linked Notes 326 Synthetic Collateralized Loan Obligations 327 Objectives of Structuring Collateralized Loan Obligations 329 Synthetic Collateralized Loan Obligations 329 Synthetic Arbitrage Collateralized Loan Obligations 331 Synthetic Balance Sheet Collateralized Loan Obligations 332 Capital Adequacy Requirements 333 Credit Exposure Method 334 Total Return Swaps 335 Chapter 12 Credit and Other Exotic Derivatives 341 Credit Spread Forward 342 Credit Spread Option 342 Asset Swap Switch 344 Callable Step-ups 347 Transfer and Convertibility Protection 348 Pricing Transfer and Convertibility Protection 353 Speculative Capital 354 Emerging Market Debts and Brady Bonds 354 International Swaps and Derivatives Association Master Agreement 356 Weather Derivatives 357 Weather Derivatives Market 358 Exchange-Traded Weather Derivatives 359 CME Futures 360 CME Options 362 Swaps 363 References 365 Index 373

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Book SynopsisHave you been asked to perform an information systems audit and don't know where to start? Examine a company's hardware, software, and data organization and processing methods to ensure quality control and security with this easy, practical guide to auditing computer systems--the tools necessary to implement an effective IS audit.Table of ContentsPreface. Acknowledgments. PART ONE: CORE CONCEPTS. Chapter 1. Basics of Computing Systems. Chapter 2. Identifying Computer Systems. PART TWO: STANDARD INFORMATION SYSTEMS AUDIT APPROACH. Chapter 3. Information Systems Audit Program. Chapter 4. Information Systems Security Policies, Standards, and/or Guidelines. Chapter 5. Auditing Service Organization Applications. Chapter 6. Assessing the Financial Stability of Vendor Organizations, Examining Vendor Organization Contracts, and Examining Accounting Treatment of Computer Equipment and Software. Chapter 7. Physical Security. Chapter 8. Logical Security. Chapter 9. Information Systems Operations. PART THREE: CONTEMPORARY INFORMATION SYSTEMS AUDITING CONCEPTS. Chapter 10. Control Self-Assessment and an Application in an Information Systems Environment. Chapter 11. Encryption and Cryptography. Chapter 12. Computer Forensics. Chapter 13. Other Contemporary Information Systems Auditing Challenges. Chapter 14. Humanistic Aspects of Information Systems Auditing. Chapter 15. Information Systems Project Management Audits. Chapter 16. Conclusion. Appendix A: Professional Auditing Associations and Other Organizations Related to Information Systems Auditing and Computer Security. Appendix B: Common Criteria for Information Technology Security Evaluation. Appendix C: The International Organization for Standardization: Seven-Layer Open Systems Interconnection Reference Model. Selected References. Glossary. Index.

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Book SynopsisLearn where the markets are headed--and how to ride them to success. Global changes point toward a dramatically different next decade in the realm of finance. As the bull markets of the last twenty years fade away, new investment tools and strategies are necessary.Table of ContentsGOOD-BYE TO THE SUPER BULL. Back to Butler Creek: Investing in the Coming Era of 6 Percent. Row, Row, Row Your Boat: Long-Term Thinking for the Smart Investor. THE ECONOMIC SETTING. The Eyes Have It: Economic Cycles Good and Bad. Easter Parade: Market Vigilantes and the Hunt for Investment Profits. The Plankton Theory: Boomers, Busters, and the Future of Growth. Einsteinian Economics: The Secular Trend Toward Lower Wages. HOW TO INVEST IN A 6 PERCENT WORLD. The Ppa and I: Resetting Your Investment Alarm Clock. How Not to Get Scalped: Diversification and Fee Management. Selling the Noise: Understanding and Coping with Volatility. Echoes from Africa: Derivatives and the Nature of Risk. WHAT TO BUY IN A 6 PERCENT WORLD. Rolling Around Heaven All Day: Basic Investment Strategies for the Era of 6 Percent. Men Behaving Badly: How to Ride the Yield Curve in the Era of 6 Percent. That Old-Time Religion: Sleep Tight with Inflation-Indexed Bonds. Fifteen Minutes of Fame: Mortgage-Backed Securities for a Great Deal on Yield. The King of Salamasond: Investing in the Emerging Markets. Mickey in Wonderland: The Butler Creek Care for Bonds. Mr. Nietzsche, Meet Mr. Darwin: The Investment Choices You Face. Bibliography. Index.

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Book SynopsisPraise for Stock Index Futures & Options Everything you wanted to know about global stock indexes in one place. -Tom Basso CEO, Trendstat Capital Management With twenty years of professional experience behind her, Susan Abbott Gidel is the perfect person to present this intricate overview of today''s futures and options markets. Included is everything a beginner needs to know to understand the world of derivatives. -Robert R. Prechter Jr. President, Elliott Wave InternationalTrade Review"With 20 years of professional experience behind her, Susan Abbott Gidel is the perfect person to present this intricate overview of today's futures and options markets. Included is everything a beginner needs to know to understand the world of derivatives."--(Robert R. Prechter, Jr., President, Elliot Wave International) "Everything you wanted to know about global stock indexes in one place."--(Tom Basso CEO, Trendstat Capital Management) "With 20 years of professional experience behind her, Susan Abbott Gidel is the perfect person to present this intricate overview of today's futures and options markets. Included is everything a beginner needs to know to understand the world of derivatives."--(Robert R. Prechter, Jr., President, Elliot Wave International) "Everything you wanted to know about global stock indexes in one place."--(Tom Basso CEO, Trendstat Capital Management)Table of ContentsUnderstanding Stock Indexes. What Makes Stock Index Futures Tick? Stock Index "Player" Sheet. Ways to Use Stocks Index Futures. Know Your Stock Index: North America. Know Your Stock Index: Asia/Pacific. Know Your Stock Index: Europe. Trading from the Beach. Appendices. Glossary. Order Types. Endnotes.

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Book SynopsisA powerful new way to navigate today's unprecedented market conditions "Bill Williams' pioneering application of chaos theory to the financial markets is leading technical analysis into the twenty-first century and beyond.Table of ContentsBlasting Off. From Chaos to Cosmos to Cash. The Alligator. The Fractal-The Breakaway Trade. The Awesome Oscillator. The Market Accelerator. Trading in the Zones. The Balance Line Trades. Techniques for Taking Profits. Tying It All Together. How to Become a Master Trader. Bibliography. About the Author. 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 SynopsisCalled "today's hottest financial idea and getting hotter" by fortune magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa.Table of ContentsThe EVA Revolution. Revving the Engine at Briggs & Stratton. The Right Way to Keep Score. How EVA Reshaped Armstrong World Industries and Boise Cascade. Earnings Per Share Don't Count-EVA Does. Serving the Service Industries. Making Managers into Owners. Banking on EVA. The EVA Financial Management System. Breaking the Regulatory Mould. Closing the GAAP between Earnings and EVA. SPX: Using EVA and Stretch Goals to Turn a Sputtering Jalopy into a Formula One Winner. Afterword: Becoming an EVA Company by G. Bennett Stewart III. Index.

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Book SynopsisA complete, compact guide to business valuation in divorce litigation The Handbook for Divorce Valuations is a comprehensive, practical handbook that covers every aspect of the CPA's role in divorce proceedings.Table of ContentsValuation Approaches and Applicability to Divorce Practice. Engagement Acceptance and Administration. The Engagement Process. Data Collection and Analysis. Industry Information--Where to Find It and How to UseIt. Are There Really Comparable Companies? Discounts and Premiums. Goodwill in a Divorce Context. Arriving at a Conclusion of Value. The Deposition. Preparing for the Trial. Direct Examination. Surviving Cross-Examination. Business Valuation Credentials, Organizations, and ProfessionalStandards. Marketing the Divorce Practice. Appendices. Index.

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Book SynopsisA detailed examination of swaps - customized contracts for an exchange of interest or principal payments as a means of transferring risk. The text demonstrates how complex financial structures can be built by utilizing a number of swaps and related instruments.Table of ContentsAn Overview and Brief History of the Swaps Markets. The Generic Swap Structure. Interest Rate Swaps. Currency Swaps. Commodity Swaps and Equity Swaps. Swaps, Structured Solutions, and Financial Engineering. The Pricing of Interest Rate Swaps. Managing a Swap Portfolio. Hedging Business Cycle Risk: The Next Major Wave inDerivatives?. Glosssary. Answers to Review Questions. Index.

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Book SynopsisExperts from the world''s major financial institutions contributed to this work and have already used the newest technologies. Gives proven strategies for using neural networks, algorithms, fuzzy logic and nonlinear data analysis techniques to enhance profitability. The latest analytical breakthroughs, the impact on modern finance theory and practice, including the best ways for profitably applying them to any trading and portfolio management system, are all covered.Table of ContentsPartial table of contents: TRADING WITH NEURAL NETWORKS. Neural Network Techniques (C. Klimasauskas). Adaptive Selection of U.S. Stocks with Neural Nets (J. Hall). Intelligent Trading of an Emerging Market (G.-S. Jang & F. Lai). Neural Nets for Foreign Exchange Trading (H. Green & M.Pearson). STRATEGY OPTIMIZATION WITH GENETIC ALGORITHMS. Genetic Algorithms for Financial Modeling (A. Colin). PORTFOLIO MANAGEMENT USING FUZZY LOGIC. Why Use Fuzzy Modeling? (G. Deboeck). Smart Trading with FRET (D. Benachenhou). NONLINEAR DYNAMICS AND CHAOS. Nonlinear Data Analysis Techniques (T. Frison). RISK MANAGEMENT AND THE IMPACT OF TECHNOLOGY. The Cutting Edge of Trading Technology (G. Deboeck). Glossary. Bibliography. Index.

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Book SynopsisUnlike other investment books that dole out one brand of advice to a potentially diverse readership, this unique book guides the reader to their own best personal strategy by showing them what types of stocks fit their individual style.Trade Review"How-to-invest books normally put me to sleep, but DerrickNiederman comes at the subject with such freshness and wit that Igot hooked--and stayed that way right straight through." --Carol J.Loomis, Board of Editors, Fortune Magazine "Put down the Wall Street Journal and look in the mirror, saysNiederman. The key to successful investing isn't knowing the p/eratio of General Motors. It's knowing yourself. This is fascinatingstuff."--John Rothchild, author of The Bear Book and A Fool and HisMoneyTable of ContentsIntroduction. The Bargain Hunter. The Visionary. The Contrarian. The Sentimentalist. The Skeptic. The Trader. The Adventurist. The Psychology of Analyzing Stocks. Dealing with Others. Investing in Real Life. Index.

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Book SynopsisControllers recognize that modern cost management helps their companies make better operational and strategic decisions.Table of ContentsSTRATEGIC COST MANAGEMENT. Superior Customer Service (M. Wing & J. O'Leary). Value-Chain Analysis and Management for Competitive Advantage (L. Carr). Target Costing (N. Fessler & J. Fisher). New Product Development (M. Ray). Time-Based Costing (K. Preiss). Shareholder Value and Economic Profit (W. Hubbell). Management of Capacity Costs (D. Dhavale). Change Management (D. Carr & R. Smith). Logistics (F. Kuglin & B. Rosenbaum). Supply Chain Management (T. Albright & S. Davis). PERFORMANCE MEASUREMENT. Performance Measurement Overview (N. Stuart, et al.). Counting Change: Performance Measurement Systems in the Information Age (S. Mavrinac, et al.). The Balanced Scorecard (S. Davis & T. Albright). Benchmarking (S. Beretta, et al.). Best Practices in Performance Measurement (A. Demery). Managing Research and Development Portfolio Risk (C. Curtis). QUALITY Quality (R. Fink). Cost of Quality (Z. Khan). Measures of Quality Product and Quality Process: Emerging Cost-of-Quality Model (L. Carr). Statistical Process Control (H. Roth). Process Capability (R. Fink). ACTIVITY-BASED MANAGEMENT. Activity-Based Costing and Activity-Based Management: An Introduction (J. MacArthur). Implementing Activity-Based Management (J. Miller). Activity-Based Measurement in Service Organizations (J. Antos & J. Brimson). Activity-Based Budgeting (J. Brimson & J. Antos). Activity-Based Costing Software Selection (D. Hansen & D. Murphy). MANAGEMENT TRENDS AND TECHNIQUES. Reengineering (D. Carr & A. Hopkins). Theory of Constraints (R. Campbell). Goal Setting Through Value Analysis (F. Sunderland & J. Wilmot). Continuous Improvement (W. Maguire & M. Putterill). Lean Manufacturing (S. Kalagnanam & G. Vaidyanathan). Strategic Business Opportunities and Effective Environmental Management Systems (S. Pedersen & C. Stinson). Knowledge Management (W. Bukowitz). Glossary. Index.

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Book SynopsisForbes is a registered trademark of forbes Inc. Its use is pursuant to a license agreement with forbes Inc. WGBH/Boston and Unapix Entertainment, Inc. produced the public television series on which the book is based. The series is sponsored by Travelers Group.Table of ContentsAndrew Grove: Chairman, CEO and Co-Founder, Intel Corporation. Fred Smith: Founder and CEO, Federal Express Corporation. Peter Lynch: Former Manager of Fidelity Magellan Fund. Pleasant Rowland: Founder and President, Pleasant Company. Paul Volcker: Former Chairman Federal Reserve Board. Historical Timelines. Index.

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Book SynopsisOver the past ten years, conservative investors have had only one source of information on how to use options to further their investment goals. LeRoy Gross's classic book has been that source, and now it is revised and updated, including a new introduction by Larry McMillan.Table of ContentsOPTION STRATEGIES FOR CONSERVATIVE INVESTORS. Reading and Understanding Option Tables. What You Should Know About Entering Option Orders. Commission Discounts Increase Your Return on Investment. The Buy Stock-Write Call Strategy. The Sell Stock-Buy Call Strategy. Buying Puts on Owned Stock to Preserve Profit and Limit Risk. Straddle Writing for the Conservative Investor. Selling Puts Backed by 100% Cash Reserves. Hire the Experts if You Are a Financial "Wreckspert!" Guide Rules for Buy Stock-Write Call Strategy. Leverage Profit Potential by Writing Calls Secured by Deep-in-the-Money Calls. Defensive Strategies for Short Call Option Positions Secured by Stock. Buying Calls Can Make Sense Even for Conservative Investors. Strategies for Investors with Long Profitable Option Positions. How to Figure Your Profits or Losses and the Tax Consequences. STRATEGIES CONSERVATIVE INVESTORS SHOULD AVOID. The Strategy of Writing Radio Calls. The Strategy of Writing Radio Puts. The Naked Call Writing Strategy. The Calendar Spread Strategy. The Call Option Butterfly Spread Strategy. Married Puts: An Expensive Wedding between Stock and Option. Speculative Purchases of Put and Call Options. The Diagonal Call Option Spread. The Bullish Perpendicular Call Option Spread. Five Questionable Strategies that Could Increase Your Blood Pressure and Your Losses. Glossary. Index.

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