Finance and accounting Books
Kaplan Publishing ADVANCED AUDIT AND ASSURANCE POCKET NOTES
Book Synopsis
£11.40
Kaplan Publishing ADVANCED FINANCIAL MANAGEMENT POCKET NOTES
Book Synopsis
£11.40
Kaplan Publishing BUSINESS TAX FA24 POCKET NOTES
Book Synopsis
£10.00
Osborne Books Ltd MANAGEMENT ACCOUNTING TECHNIQUES TUTORIAL
Book Synopsis
£22.80
John Wiley and Sons Ltd The Science of Getting Rich
Book SynopsisThe original guide to creating wealth! With this seminal book, Wallace Wattles popularized the Law of Attraction, the powerful concept that inspired The Secret. The Science of Getting Rich explains how to attract wealth, overcome emotional barriers, and apply foolproof methods to bring financial success into your life.Table of ContentsForeword by Catherine Ponder vii An Introduction by Tom Butler-Bowdon ix Letter from Florence Wattles xxxi Sources xxxv About Tom Butler-Bowdon xxxvii The Science of Getting Rich 1 The Science of Being Great 111
£10.79
McGraw-Hill Education Fundamentals of Corporate Finance 2024 Release
Book SynopsisFundamentals of Corporate Finance was designed and developed for a first course in business or corporate finance, for both finance majors and non-majors alike. The text is nearly self-contained in terms of background or prerequisites, assuming some familiarity with basic algebra and accounting concepts, while still reviewing important accounting principles very early on. The organization of this text has been developed to give instructors the flexibility they need. The best-selling text has three basic themes that are the central focus of the book:? 1) An emphasis on intuition: the authors separate and explain the principles at work on a common sense, intuitive level before launching into any specifics.? 2) A unified valuation approach: net present value (NPV) is treated as the basic concept underlying corporate finance.?? 3) A managerial focus: the authors emphasize the role of the financial manager as a decision maker, and the
£55.79
John Wiley & Sons Inc Financial Accounting with International Financial
Book SynopsisTable of Contents1 Accounting in Action 1-1 Knowing the Numbers 1-1 1.1 Accounting Activities and Users 1-3 Who Uses Accounting Data 1-4 Data Analytics 1-5 1.2 The Building Blocks of Accounting 1-7 Ethics in Financial Reporting 1-7 Accounting Standards 1-8 Measurement Principles 1-9 Assumptions 1-9 1.3 The Accounting Equation 1-12 Assets 1-12 Liabilities 1-13 Equity 1-13 1.4 Analyzing Business Transactions 1-14 Accounting Transactions 1-15 Transaction Analysis 1-16 Summary of Transactions 1-21 1.5 Financial Statements 1-22 Income Statement 1-24 Retained Earnings Statement 1-24 Statement of Financial Position 1-24 Statement of Cash Flows 1-25 Comprehensive Income Statement 1-25 Appendix 1A: Career Opportunities in Accounting 1-27 Public Accounting 1-27 Private Accounting 1-28 Governmental Accounting 1-28 Forensic Accounting 1-28 A Look at U.S. GAAP 1-48 2 The Recording Process 2-1 Accidents Happen: Bank of Taiwan 2-1 2.1 Accounts, Debits, and Credits 2-2 The Account 2-2 Debits and Credits 2-3 Equity Relationships 2-7 Summary of Debit/Credit Rules 2-7 2.2 The Journal 2-8 The Recording Process 2-8 The Journal 2-9 2.3 The Ledger and Posting 2-11 The Ledger 2-11 Posting 2-13 Chart of Accounts 2-14 The Recording Process Illustrated 2-14 Summary Illustration of Journalizing and Posting 2-20 2.4 The Trial Balance 2-22 Limitations of a Trial Balance 2-23 Locating Errors 2-23 Currency Signs and Underlining 2-23 A Look at U.S. GAAP 2-47 3 Adjusting the Accounts 3-1 What Was Your Profit? 3-1 3.1 Accrual-Basis Accounting and Adjusting Entries 3-2 Fiscal and Calendar Years 3-3 Accrual- versus Cash-Basis Accounting 3-3 Recognizing Revenues and Expenses 3-3 The Need for Adjusting Entries 3-6 Types of Adjusting Entries 3-6 3.2 Adjusting Entries for Deferrals 3-7 Prepaid Expenses 3-7 Unearned Revenues 3-11 3.3 Adjusting Entries for Accruals 3-14 Accrued Revenues 3-14 Accrued Expenses 3-16 Summary of Basic Relationships 3-19 3.4 Adjusted Trial Balance and Financial Statements 3-22 Preparing the Adjusted Trial Balance 3-23 Preparing Financial Statements 3-23 Appendix 3A: Alternative Treatment of Deferrals 3-26 Prepaid Expenses 3-27 Unearned Revenues 3-28 Summary of Additional Adjustment Relationships 3-29 Appendix 3B: Financial Reporting Concepts 3-30 Qualities of Useful Information 3-30 Assumptions in Financial Reporting 3-31 Principles in Financial Reporting 3-31 Cost Constraint 3-32 A Look at U.S. GAAP 3-58 4 Completing the Accounting Cycle 4-1 Speaking the Same Language: IASB 4-1 4.1 The Worksheet 4-3 Steps in Preparing a Worksheet 4-3 Preparing Financial Statements from a Worksheet 4-11 Preparing Adjusting Entries from a Worksheet 4-12 4.2 Closing the Books 4-13 Preparing Closing Entries 4-13 Posting Closing Entries 4-15 Preparing a Post-Closing Trial Balance 4-17 4.3 The Accounting Cycle and Correcting Entries 4-20 Summary of the Accounting Cycle 4-20 Reversing Entries—An Optional Step 4-20 Correcting Entries—An Avoidable Step 4-20 4.4 Classified Statement of Financial Position 4-24 Intangible Assets 4-25 Property, Plant, and Equipment 4-26 Long-Term Investments 4-26 Current Assets 4-26 Equity 4-27 Non-Current Liabilities 4-27 Current Liabilities 4-28 Appendix 4A: Reversing Entries 4-30 Reversing Entries Example 4-30 A Look at U.S. GAAP 4-59 5 Accounting for Merchandise Operations 5-1 Who Doesn’t Shop?: Carrefour 5-1 5.1 Merchandising Operations and Inventory Systems 5-3 Operating Cycles 5-3 Flow of Costs 5-4 5.2 Recording Purchases Under a Perpetual System 5-7 Freight Costs 5-8 Purchase Returns and Allowances 5-9 Purchase Discounts 5-10 Summary of Purchasing Transactions 5-11 5.3 Recording Sales Under a Perpetual System 5-11 Sales Returns and Allowances 5-13 Sales Discounts 5-14 Data Analytics and Credit Sales 5-15 5.4 The Accounting Cycle for a Merchandising Company 5-16 Adjusting Entries 5-16 Closing Entries 5-17 Summary of Merchandising Entries 5-17 5.5 Financial Statements for a Merchandiser 5-19 Income Statement 5-19 Classified Statement of Financial Position 5-23 Appendix 5A: Worksheet for a Merchandising Company 5-25 Using a Worksheet 5-25 Appendix 5B: Periodic Inventory System 5-26 Determining Cost of Goods Sold Under a Periodic System 5-27 Recording Merchandise Transactions 5-28 Recording Purchases of Merchandise 5-28 Recording Sales of Merchandise 5-29 Journalizing and Posting Closing Entries 5-29 Using a Worksheet 5-31 Appendix 5C: Adjusting Entries for Credit Sales with Returns and Allowances 5-33 Data Analytics in Action 5-54 A Look at U.S. GAAP 5-58 6 Inventories 6-1 “Where Is That Spare Bulldozer Blade?”: Komatsu 6-1 6.1 Classifying and Determining Inventory 6-2 Classifying Inventory 6-2 Determining Inventory Quantities 6-4 6.2 Inventory Methods and Financial Effects 6-7 Specific Identification 6-7 Cost Flow Assumptions 6-8 Financial Statement and Tax Effects of Cost Flow Methods 6-11 Using Inventory Cost Flow Methods Consistently 6-13 6.3 Effects of Inventory Errors 6-14 Income Statement Effects 6-14 Statement of Financial Position Effects 6-15 6.4 Inventory Statement Presentation and Analysis 6-16 Presentation 6-16 Lower of Cost or Net Realizable Value 6-16 Financial Analysis and Data Analytics 6-17 Appendix 6A: Inventory Cost Flow Methods in Perpetual Inventory Systems 6-21 First-In, First-Out (FIFO) 6-21 Average-Cost 6-22 Appendix 6B: Estimating Inventories 6-23 Gross Profit Method 6-23 Retail Inventory Method 6-24 Appendix 6C: LIFO Inventory Method 6-25 Data Analytics in Action 6-47 A Look at U.S. GAAP 6-50 7 Fraud, Internal Control, and Cash 7-1 Minding the Money at Nick’s: Nick’s Steakhouse and Pizza 7-1 7.1 Fraud and Internal Control 7-2 Fraud 7-3 Internal Control 7-3 Principles of Internal Control Activities 7-4 Data Analytics and Internal Controls 7-10 Limitations of Internal Control 7-10 7.2 Cash Controls 7-11 Cash Receipts Controls 7-11 Cash Disbursements Controls 7-14 Petty Cash Fund 7-16 7.3 Control Features of a Bank Account 7-19 Making Bank Deposits 7-19 Writing Checks 7-20 Electronic Banking 7-21 Bank Statements 7-21 Reconciling the Bank Account 7-22 7.4 Reporting Cash 7-27 Cash Equivalents 7-27 Restricted Cash 7-28 Data Analytics in Action 7-46 A Look at U.S. GAAP 7-49 Appendix 9A: Exchange of Plant Assets 9-26 Loss Treatment 9-27 Gain Treatment 9-27 Data Analytics in Action 9-47 A Look at U.S. GAAP 9-50 8 Accounting for Receivables 8-1 Are You Going to Pay Me—or Not?: BNP Paribas 8-1 8.1 Recognition of Accounts Receivable 8-2 Types of Receivables 8-3 Recognizing Accounts Receivable 8-3 8.2 Valuation and Disposition of Accounts Receivable 8-5 Valuing Accounts Receivable 8-5 Disposing of Accounts Receivable 8-12 8.3 Notes Receivable 8-15 Determining the Maturity Date 8-16 Computing Interest 8-16 Recognizing Notes Receivable 8-17 Valuing Notes Receivable 8-17 Disposing of Notes Receivable 8-17 8.4 Presentation and Analysis 8-20 Presentation 8-20 Analysis 8-20 Data Analytics and Receivables Management 8-21 Data Analytics in Action 8-38 A Look at U.S. GAAP 8-41 9 Plant Assets, Natural Resources, and Intangible Assets 9-1 How Much for a Ride to the Beach?: Rent-A-Wreck 9-1 9.1 Plant Asset Expenditures 9-2 Determining the Cost of Plant Assets 9-3 Expenditures During Useful Life 9-6 9.2 Depreciation Methods 9-7 Factors in Computing Depreciation 9-8 Depreciation Methods 9-9 Component Depreciation 9-13 Depreciation and Income Taxes 9-14 Revaluation of Plant Assets 9-14 Revising Periodic Depreciation 9-15 9.3 Plant Asset Disposals 9-16 Retirement of Plant Assets 9-17 Sale of Plant Assets 9-18 9.4 Natural Resources and Intangible Assets 9-19 Natural Resources and Depletion 9-20 Intangible Assets 9-21 9.5 Statement Presentation and Analysis 9-25 Presentation 9-25 Analysis 9-26 10 Current Liabilities 10-1 Financing His Dreams: Wilbert Murdock 10-1 10.1 Accounting for Current Liabilities 10-2 What Is a Current Liability? 10-2 Notes Payable 10-3 Value-Added and Sales Taxes Payable 10-4 Unearned Revenues 10-5 Salaries and Wages 10-6 Current Maturities of Long-Term Debt 10-8 10.2 Reporting and Analyzing Current Liabilities 10-8 Reporting Uncertainty 10-8 Reporting of Current Liabilities 10-10 Analysis of Current Liabilities 10-11 A Look at U.S. GAAP 10-27 11 Non-Current Liabilities 11-1 Are We Living on Borrowed Time? 11-1 11.1 Overview of Bonds 11-2 Types of Bonds 11-3 Issuing Procedures 11-3 Bond Trading 11-4 Determining the Market Price of a Bond 11-5 11.2 Accounting for Bond Transactions 11-7 Issuing Bonds at Face Value 11-7 Discount or Premium on Bonds 11-8 Issuing Bonds at a Discount 11-9 Issuing Bonds at a Premium 11-10 Redeeming Bonds 11-12 11.3 Accounting for Non-Current Liabilities 11-13 Long-Term Notes Payable 11-13 Lease Liabilities 11-15 11.4 Reporting and Analyzing Non-Current Liabilities 11-16 Presentation 11-16 Analysis 11-16 Debt and Equity Financing 11-17 Appendix 11A: Effective-Interest Method of Bond Amortization 11-19 Amortizing Bond Discount 11-19 Amortizing Bond Premium 11-21 Appendix 11B: Straight-Line Amortization 11-22 Amortizing Bond Discount 11-22 Amortizing Bond Premium 11-23 A Look at U.S. GAAP 11-40 12 Corporations: Organization, Share Transactions, and Equity 12-1 To the Victor Go the Spoils: adidas 12-1 12.1 The Corporate Form of Organization 12-2 Characteristics of a Corporation 12-3 Forming a Corporation 12-6 Shareholder Rights 12-6 Share Issue Considerations 12-8 Corporate Capital 12-10 12.2 Accounting for Share Transactions 12-12 Accounting for Ordinary Shares 12-12 Accounting for Preference Shares 12-14 Accounting for Treasury Shares 12-15 12.3 Accounting for Dividends and Splits 12-19 Accounting for Cash Dividends 12-19 Dividend Preferences 12-21 Accounting for Share Dividends 12-24 Accounting for Share Splits 12-26 12.4 Reporting and Analyzing Equity 12-28 Retained Earnings 12-28 Presentation of Statement of Financial Position 12-29 Analysis 12-31 Appendix 12A: Statement of Changes in Equity 12-32 Appendix 12B: Book Value—Another per Share Amount 12-33 Book Value per Share 12-33 Book Value versus Market Price 12-34 Data Analytics in Action 12-58 A Look at U.S. GAAP 12-61 13 Investments 13-1 Playing for Fun and Profit: Sony 13-1 13.1 Debt Investments 13-2 Why Companies Invest 13-3 Classification and Measurement of Investments 13-4 Accounting for Debt Investments 13-4 13.2 Share Investments 13-7 Holdings of Less than 20% 13-7 Holdings Between 20% and 50% 13-9 Holdings of More than 50% 13-10 13.3 Valuing and Reporting Investments 13-12 Categories of Securities 13-12 Statement of Financial Position Presentation 13-18 Presentation of Realized and Unrealized Gain or Loss 13-19 Classified Statement of Financial Position 13-20 Appendix 13A: Preparing Consolidated Financial Statements 13-22 Consolidated Statement of Financial Position 13-22 Consolidated Income Statement 13-26 A Look at U.S. GAAP 13-43 14 Statement of Cash Flows 14-1 What Should We Do with This Cash?: Keyence 14-1 14.1 Statement of Cash Flows: Usefulness and Format 14-3 Usefulness of the Statement of Cash Flows 14-3 Classification of Cash Flows 14-3 Significant Non-Cash Activities 14-5 Format of the Statement of Cash Flows 14-5 14.2 Preparing the Statement of Cash Flows—Indirect Method 14-7 Indirect and Direct Methods 14-7 Indirect Method—Computer Services International 14-8 Step 1: Operating Activities 14-9 Summary of Conversion to Net Cash Provided by Operating Activities—Indirect Method 14-12 Step 2: Investing and Financing Activities 14-13 Step 3: Net Change in Cash 14-14 14.3 Using Cash Flows to Evaluate a Company 14-17 Free Cash Flow 14-17 Appendix 14A: Statement of Cash Flows—Direct Method 14-19 Step 1: Operating Activities 14-21 Step 2: Investing and Financing Activities 14-25 Step 3: Net Change in Cash 14-26 Appendix 14B: Statement of Cash Flows—T-Account Approach 14-26 Data Analytics in Action 14-48 A Look at U.S. GAAP 14-51 15 Financial Analysis: The Big Picture 15-1 Making Money the Old-Fashioned Way: Li Ka-shing 15-1 15.1 Basics of Financial Statement Analysis 15-2 Need for Comparative Analysis 15-3 Tools of Analysis 15-3 Horizontal Analysis 15-3 Vertical Analysis 15-6 15.2 Ratio Analysis 15-9 Liquidity Ratios 15-9 Profitability Ratios 15-13 Solvency Ratios 15-16 Summary of Ratios 15-18 15.3 Sustainable Income 15-20 Discontinued Operations 15-21 Changes in Accounting Principle 15-22 Comprehensive Income 15-22 A Look at U.S. GAAP 15-48 Appendix A Specimen Financial Statements: Taiwan Semiconductor Manufacturing Company, Limited A-1 Appendix B Specimen Financial Statements: Nestlé SA B-1 Appendix C Specimen Financial Statements: Delfi Limited C-1 Appendix D Specimen Financial Statements: Apple Inc. D-1 Appendix E Time Value of Money E-1 E.1 Interest and Future Values E-1 Nature of Interest E-1 Future Value of a Single Amount E-3 Future Value of an Annuity E-5 E.2 Present Value Concepts E-7 Present Value Variables E-7 Present Value of a Single Amount E-8 Present Value of an Annuity E-10 Time Periods and Discounting E-12 Present Value of a Long-Term Note or Bond E-12 E.3 Using Financial Calculators E-15 Present Value of a Single Sum E-15 Present Value of an Annuity E-16 Useful Applications of the Financial Calculator E-17 Appendix F Accounting for Partnerships F-1 F.1 Forming a Partnership F-1 Characteristics of Partnerships F-2 Organizations with Partnership Characteristics F-3 Advantages and Disadvantages of Partnerships F-4 The Partnership Agreement F-5 Accounting for a Partnership Formation F-5 F.2 Accounting for Net Income or Net Loss F-6 Dividing Net Income or Net Loss F-6 Partnership Financial Statements F-9 F.3 Liquidation of a Partnership F-10 No Capital Deficiency F-11 Capital Deficiency F-12 F.4 Admissions and Withdrawals of Partners F-14 Admission of a Partner F-15 Withdrawal of a Partner F-18 Appendix G Subsidiary Ledgers and Special Journals G-1 G.1 Subsidiary Ledgers G-1 Subsidiary Ledger Example G-2 Advantages of Subsidiary Ledgers G-3 G.2 Special Journals G-4 Sales Journal G-5 Cash Receipts Journal G-7 Purchases Journal G-11 Cash Payments Journal G-13 Effects of Special Journals on the General Journal G-16 Cybersecurity: A Final Comment G-17 Subject Index I-1 Company Index I-13
£60.75
McGraw-Hill Education Accounting What the Numbers Mean ISE
Book SynopsisDesigned for non-majors, Accounting: What the Numbers Mean, guides students through the basics: what accounting information is, how it is developed, how it is used, and what it means. Financial statements are examined to learn what they do and do not communicate, enhancing the student's decision-making and problem-solving abilities from a user perspective. This approach benefits a variety of non-accounting majors, including students focusing on other areas of business or nonbusiness programs such as engineering, behavioral sciences, public administration, or prelaw.Table of ContentsChapter 1: Accounting—Present and Past 2Part 1: Financial AccountingChapter 2: Financial Statements and Accounting Concepts/Principles Chapter 3: Fundamental Interpretations Made from Financial Statement Data Chapter 4: The Bookkeeping Process and Transaction Analysis Chapter 5: Accounting for and Presentation of Current Assets Chapter 6: Accounting for and Presentation of Property, Plant, and Equipment, and Other Noncurrent Assets Chapter 7: Accounting for and Presentation of Liabilities Chapter 8: Accounting for and Presentation of Stockholders’ Equity Chapter 9: The Income Statement and the Statement of Cash Flows Chapter 10: Corporate Governance, Notes to the Financial Statements, and Other Disclosures Chapter 11: Financial Statement Analysis Part 2: Managerial AccountingChapter 12: Managerial Accounting and Cost–Volume–Profit Relationships Chapter 13: Cost Accounting and Reporting Chapter 14: Cost Planning Chapter 15: Cost Control Chapter 16: Costs for Decision Making Epilogue: Accounting—The Future Appendix: Campbell Soup Company 2020
£50.34
McGraw-Hill Education Managerial Accounting ISE
Book SynopsisAs the #1 best-sellerin Managerial Accounting, the 18th edition of Garrison/Noreen/Brewer''s ManagerialAccounting continues to innovate in the ways it sets up students for theirfuture career paths. Known for its clear and concise narrative, Garrison's 18thedition continues to be cutting edge through the incorporation of DataAnalytics Exercises, Integrated Excel, and a robust assessment package allincorporated and auto-gradable within Connect. New to this edition, follow anengaging continuing case featuring a real, mission driven company, HowdyHomemade Ice Cream. New franchise co-author, Norma Montague's contributionssharpened the diversity, inclusion, and ESG topic coverage throughout the textthrough the In Business boxes, Entrepreneur Spotlights, and language choicesfocused on eliminating generalizations and stereotypes around gender,abilities/disabilities, race/ethnicity, sexual orientation, diversity of names,and age.Table of ContentsPrologue:Managerial Accounting: An OverviewChapterOne: Managerial Accounting and Cost ConceptsChapterTwo: Job-Order Costing: Calculating Unit Product CostsChapterThree: Job-Order Costing: Cost Flows and External ReportingChapterFour: Process CostingChapterFive: Cost-Volume-Profit RelationshipsChapterSix: Variable Costing and Segment Reporting: Tools for ManagementChapterSeven: Activity-Based Costing: A Tool to Aid Decision MakingChapterEight: Master BudgetingChapterNine: Flexible Budgets and Performance AnalysisChapterTen: Standard Costs and VariancesChapterEleven: Responsibility Accounting SystemsChapterTwelve: Strategic Performance MeasurementChapterThirteen: Differential Analysis: The Key to Decision MakingChapterFourteen: Capital Budgeting DecisionsChapterFifteen: Statement of Cash FlowsChapterSixteen: Financial Statement AnalysisIntegration Exercises: An Overview
£999.99
John Wiley & Sons Inc Come Into My Trading Room
Book SynopsisThe trading bible for the new millennium In Come Into My Trading Room, noted trader and author Dr. Alexander Elder returns to expand far beyond the three M's (Mind, Method, and Money) of his bestselling Trading for a Living. Shifting focus from technical analysis to the overall management of a trader's money, time, and strategy, Dr.Table of ContentsDedication iv Introduction 1 How This Book Is Organized 2 Male Or Female? 4 Part One Financial Trading for Babes in the Woods 5 1 Invest? Trade? Gamble? 7 An Intelligent Investor 7 An Intelligent Trader 8 An Intelligent Gambler? 12 2 What Markets to Trade? 15 Stocks 16 Futures 18 Options 20 3 The First Steps 25 The External Barriers to Success 25 Getting Your Gear 32 Analysis and Trading 39 Part Two The Three M’S of Successful Trading 45 4 Mind—The Disciplined Trader 47 Sleepwalking Through the Market 49 A Remedy for Self-destructiveness 54 The Mature Trader 61 5 Method—Technical Analysis 67 Basic Charting 68 Indicators—Five Bullets to a Clip 84 6 Trading 123 System Testing 125 Triple Screen Update 128 Day-trading 138 The Impulse System 157 Market Thermometer 162 Exiting Trades 165 Choosing What to Trade 183 7 Money Management Formulas 215 No Math Illiterates 217 Businessman’s Risk vs. Loss. 218 The 2% Solution—Protection From Sharks 220 The 6% Rule—Protection From Piranhas 223 Position Sizing 227 Money Management Steps 230 Part Three Come Into My Trading Room 233 8 The Organized Trader 235 Trader’s Spreadsheet 236 The Equity Curve 238 Trading Diary 240 Action Plan 242 9 Trading for a Living 245 Discipline and Humility 247 Have You Got the Time? 251 The Decision-making Tree 257 Beginner, Semipro, Pro 264 Going Pro 267 10 Come Into My Trading Room 271 Excerpts From the Diary 273 Your Next Trade 298 Acknowledgments 301 Sources 303 Index 307 About the Author 313
£33.60
John Wiley & Sons Inc Quantitative Portfolio Management
Book SynopsisTable of ContentsPreface 1 Introduction 3 1 Market Data 9 1.1 Tick and bar data 9 1.2 Corporate actions and adjustment factor 10 1.3 Linear vs log returns 11 2 Forecasting 13 2.1 Data for forecasts 14 2.1.1 Point-in-time and lookahead 15 2.1.2 Security master and survival bias 16 2.1.3 Fundamental and accounting data 16 2.1.4 Analyst estimates 17 2.1.5 Supply chain and competition 18 2.1.6 M&A and risk arbitrage 18 2.1.7 Event-based predictors 18 2.1.8 Holdings and flows 19 2.1.9 News and social media 20 2.1.10 Macroeconomic data 21 2.1.11 Alternative data 21 2.1.12 Alpha capture 21 2.2 Technical forecasts 22 2.2.1 Mean reversion 22 2.2.2 Momentum 24 2.2.3 Trading volume 24 2.2.4 Statistical predictors 25 2.2.5 Data from other asset classes 25 2.3 Basic concepts of statistical learning 27 2.3.1 Mutual information and Shannon entropy 28 2.3.2 Likelihood and Bayesian inference 32 2.3.3 Mean square error and correlation 33 2.3.4 Bias-variance tradeoff 35 2.3.5 PAC learnability, VC dimension, and generalization error bounds 36 2.4 Machine learning 40 2.4.1 Types of machine learning 41 2.4.2 Overfitting 43 2.4.3 Ordinary and generalized least squares 44 2.4.4 Deep learning 46 2.4.5 Types of neural networks 48 2.4.6 Nonparametric methods 51 2.4.7 Cross-validation 54 2.4.8 Curse of dimensionality, eigenvalue cleaning, and shrinkage 56 2.4.9 Smoothing and regularization 61 2.4.9.1 Smoothing spline 62 2.4.9.2 Total variation denoising 62 2.4.9.3 Nadaraya-Watson kernel smoother 63 2.4.9.4 Local linear regression 64 2.4.9.5 Gaussian process 64 2.4.9.6 Ridge and kernel ridge regression 67 2.4.9.7 Bandwidth and hypertuning of kernel smoothers 68 2.4.9.8 Lasso regression 69 2.4.10 Generalization puzzle of deep and overparameterized learning 69 2.4.11 Online machine learning 74 2.4.12 Boosting 75 2.4.13 Randomized learning 79 2.4.14 Latent structure 80 2.4.15 No free lunch and AutoML 81 2.4.16 Computer power and machine learning 83 2.5 Dynamical modeling 87 2.6 Alternative reality 89 2.7 Timeliness-significance tradeoff 90 2.8 Grouping 91 2.9 Conditioning 92 2.10 Pairwise predictors 92 2.11 Forecast for securities from their linear combinations 93 2.12 Forecast research vs simulation 95 3 Forecast Combining 97 3.1 Correlation and diversification 98 3.2 Portfolio combining 99 3.3 Mean-variance combination of forecasts 102 3.4 Combining features vs combining forecasts 103 3.5 Dimensionality reduction 104 3.5.1 PCA, PCR, CCA, ICA, LCA, and PLS 105 3.5.2 Clustering 107 3.5.3 Hierarchical combining 108 3.6 Synthetic security view 108 3.7 Collaborative filtering 109 3.8 Alpha pool management 110 3.8.1 Forecast development guidelines 111 3.8.1.1 Point-in-time data 111 3.8.1.2 Horizon and scaling 111 3.8.1.3 Type of target return 112 3.8.1.4 Performance metrics 112 3.8.1.5 Measure of forecast uncertainty 112 3.8.1.6 Correlation with existing forecasts 112 3.8.1.7 Raw feature library 113 3.8.1.8 Overfit handling 113 3.8.2 Pnl attribution 114 3.8.2.1 Marginal attribution 114 3.8.2.2 Regression-based attribution 114 4 Risk 117 4.1 Value at risk and expected shortfall 117 4.2 Factor models 119 4.3 Types of risk factors 120 4.4 Return and risk decomposition 121 4.5 Weighted PCA 122 4.6 PCA transformation 123 4.7 Crowding and liquidation 124 4.8 Liquidity risk and short squeeze 126 4.9 Forecast uncertainty and alpha risk 127 5 Trading Costs 129 5.1 Slippage 130 5.2 Impact 130 5.2.1 Empirical observations 132 5.2.2 Linear impact model 133 5.2.3 Impact arbitrage 135 5.3 Cost of carry 135 6 Portfolio Construction 137 6.1 Hedged allocation 137 6.2 Single-period vs multi-period mean-variance utility 139 6.3 Single-name multi-period optimization 140 6.3.1 Optimization with fast impact decay 141 6.3.2 Optimization with exponentially decaying impact 142 6.3.3 Optimization conditional on a future position 143 6.3.4 Position value and utility leak 145 6.3.5 Optimization with slippage 146 6.4 Multi-period portfolio optimization 148 6.4.1 Unconstrained portfolio optimization with linear impact costs 149 6.4.2 Iterative handling of factor risk 150 6.4.3 Optimizing future EMA positions 151 6.4.4 Portfolio optimization using utility leak rate 151 6.4.5 Notes on portfolio optimization with slippage 152 6.5 Portfolio capacity 152 6.6 Portfolio optimization with forecast revision 153 6.7 Portfolio optimization with forecast uncertainty 156 6.8 Kelly criterion and optimal leverage 157 6.9 Intraday optimization and execution 160 6.9.1 Trade curve 160 6.9.2 Forecast-timed execution 161 6.9.3 Algorithmic trading and HFT 162 6.9.4 HFT controversy 166 7 Simulation 169 7.1 Simulation vs production 170 7.2 Simulation and overfitting 171 7.3 Research and simulation efficiency 172 7.4 Paper trading 173 7.5 Bugs 173 Afterword: Economic and Social Aspects of Quant Trading 179 Appendix 183 A1 Secmaster mappings 183 A2 Woodbury matrix identities 184 A3 Toeplitz matrix 185 Index 187 Questions index 195 Quotes index 197 Stories index 199
£33.60
John Wiley & Sons The New Nature of Business
Book SynopsisLearn how pioneering business leaders are resetting their companies'' relationship to nature, society, and our common future In The New Nature of Business: The Path to Prosperity and Sustainability, businessman Andre Hoffmann and journalist Peter Vanham describe how companies should change their ways to have continued success, and why the current modus operandi is not working. They present a template for creating sustainable prosperity, and case-studies of companies that survived and thrived by opting for change. In doing so, they provide a way out of long-standing dilemmas, such as how to balance business needs with impact on nature, shareholders with stakeholders, and short-term vs. long-term profits. You''ll find: A first-hand account of global healthcare company Roche''s sustainability practice, as told by André (Roche''s vice-chairman), chairman Severin Schwan, and several other senior management members Case-studies and lessons of organiza
£17.99
McGraw-Hill Education Financial Managerial Accounting ISE
Book SynopsisFinancial and Managerial Accounting: The Basis for Business Decisions continues to offer a solid foundation for students?who are learning basic accounting concepts. Known for giving equal weight to financial and managerial topics, the authors?emphasize the need for a strong foundation in both aspects of accounting. The authors made data driven revisions focusing?on where students were struggling and updated content accordingly. Updates have also been made to the high-quality end?of chapter problems and new Guided Example hint videos in Connect. Table of ContentsChapter 1: Accounting: Information for Decision Making Chapter 2: Basic Financial Statements Chapter 3: The Accounting Cycle: Capturing Economic Events Chapter 4: The Accounting Cycle: Accruals and Deferrals Chapter 5: The Accounting Cycle: Reporting Financial Results COMPREHENSIVE PROBLEM 1: French Broad Equipment Rentals Chapter 6: Merchandising Activities Chapter 7: Financial Assets Chapter 8: Inventories and the Cost of Goods Sold COMPREHENSIVE PROBLEM 2: Music-Is-Us, Inc. Chapter 9: Plant and Intangible Assets Chapter 10: Liabilities Chapter 11: Stockholder’s Equity: Paid-in Capital COMPREHENSIVE PROBLEM 3: Mountain Sports, Inc. Chapter 12: Revenue Recognition and Reporting Results of Operations Chapter 13: Statement of Cash Flows Chapter 14: Financial Statement Analysis COMPREHENSIVE PROBLEMS 4: Home Depot, Inc. Chapter 15: Global Business and Accounting Chapter 16: Management Accounting: A Business Partner Chapter 17: Job Order Cost Systems and Overhead Allocations Chapter 18: Process Costing Chapter 19: Costing and the Value Chain Chapter 20: Cost-Volume-Profit Analysis Chapter 21: Incremental Analysis COMPREHENSIVE PROBLEM 5: Jasper Company Chapter 22: Responsibility Accounting and Transfer Pricing Chapter 23: Operational Budgeting Chapter 24: Standard Cost Systems Chapter 25: Rewarding Business Performance COMPREHENSIVE PROBLEM 6: Utease Corporation Chapter 26: Capital Budgeting APPENDIX A: Home Depot 2018 Financial Statements APPENDIX B: The Time Value of Money APPENDIX C: Forms of Business Organization
£58.89
McGraw-Hill Education - Europe Auditing and Assurance Services Third
Book SynopsisAuditing & Assurance Services, Third International Edition, takes a truly international approach to auditing and reflects the most current auditing approaches by the major international audit firms and the most recent International Financial Reporting Standards (IFRSs), International Standards on Auditing (ISAs), other IAASB standards and the IESBA Code of Ethics for Professional Accountants.Table of ContentsPart I: Introduction to Assurance and Financial Statement AuditingChapter 1: An Introduction to Assurance and Financial Statement AuditingChapter 2: The Financial Statement Auditing EnvironmentPart II: Audit Planning and Basic Auditing ConceptsChapter 3: Audit Planning, Types of Audit Tests and MaterialityChapter 4: Risk AssessmentChapter 5: Evidence and DocumentationPart III: Internal ControlChapter 6: Internal Control in a Financial Statement AuditChapter 7: Auditing Internal Control over Financial ReportingPart IV: Statistical and Non-statistical Sampling Tools for AuditingChapter 8: Audit Sampling: An Overview and Application to Tests of ControlsChapter 9: Audit Sampling: An Application to Substantive Tests of Account BalancesPart V: Auditing Business ProcessesChapter 10: Auditing the Revenue ProcessChapter 11: Auditing the Purchasing ProcessChapter 12: Auditing the Human Resource Management ProcessChapter 13: Auditing the Inventory Management ProcessChapter 14: Auditing the Financing/Investing Process: Prepaid Expenses; Intangible Assets and Goodwill; and Property, Plant and EquipmentChapter 15: Auditing the Financing/Investing Process: Long-term Liabilities, Stockholders' Equity and Income Statement AccountsChapter 16: Auditing the Financing/Investing Process: Cash and InvestmentsPart VI: Completing the Audit and Reporting ResponsibilitiesChapter 17: Completing the Audit EngagementChapter 18: Reports on Audited Financial StatementsPart VII: Professional ResponsibilitiesChapter 19: Professional Ethics, Independence and Quality ControlPart VIII: Assurance, Related Services and Internal AuditingChapter 20: Assurance, Related Services and Internal Auditing
£58.89
John Wiley & Sons Inc The Accidental Investment Banker
Book Synopsis"Entertainingly indiscreet... Knee's talent for wicked pen portraits is put to good use. "--Financial Times Investment bankers used to be known as respectful of their clients, loyal to their firms, and chary of the financial system that allowed them to prosper.Trade Review"…"warts and all" account of the boom and bust of the late 1990s up until the start of this century." (The Wharf, Thursday 16th August 2007) "...a Wall Street soap opera in the vein of Michael Lewis's Liar's Poker about Knee's time at Morgan Stanley and Goldman Sachs." (Financial Times, Saturday 25th August 2007) “an unusually candid view” (Reuters, Wednesday 5th September 2007) "…this is a compelling read for both navel-gazing corporate financiers and voyeurs of the City and Wall Street." (CPO Agenda, Autumn 2007) "really a great read...will go down as one of the great books on investment banking, just like Liar's Poker" (City AM Podcast, Wednesday 19th December 2007) "Easy enough to understand for even someone outside the industry" (Gulf Business, March 2008) “…candid view of some of the big Wall Street firms, especially Goldman Sachs and Morgan Stanley.” (Breakingviews.com , Wednesday 16th April 2008)Table of Contents1 A Chicken in Every Pot 2 The Accidental Investment Banker 3 An Empire on It's Own 4 "Let's Ask Sidney Weinberg" 5 What Investment Bankers Really Do 6 The Culture of M&A 7 The Rise of John Thornton 8 The House of Morgan 9 Cracks in the Façade 10 Drama of the Gifted Banker 11 Take a Walk on the Buy-Side 12 "Save the Red Carpet for the talent" 13 View from the Top 14 The Myth of Meritocracy 15 King of the SLC's 16 The Long Goodbye
£12.35
John Wiley & Sons Inc Learn to Earn A Beginners Guide to the Basics of
Book Synopsis"Public companies are everywhere, and they surround you from morning to night... Nearly everything you eat, wear, read, listen to, ride in, lie on, or gargle with is made by one. Perfume to penknives, hot tubs to hot dogs, nuts to nail polish are made by businesses that you can own. " --from the Introduction.Table of ContentsPreface 9 Introduction The Companies Around Us 13 1 A Short History of Capitalism 21 2 The Basics of Investing 92 3 The Lives of a Company 170 4 The Invisible Hands 201 Appendices Index 265
£31.20
John Wiley & Sons Inc Currency Trading For Dummies
Book SynopsisTable of ContentsIntroduction 1 Part 1: Getting Started with Currency Trading 7 Chapter 1: Currency Trading 101 9 Chapter 2: What Is the Forex Market? 19 Chapter 3: Who Trades Currencies? Meet the Players 37 Chapter 4: The Mechanics of Currency Trading 53 Part 2: Data and Details You Can Use to Trade Currencies 79 Chapter 5: Looking at the Big Picture 81 Chapter 6: Cutting the Fog with Technical Analysis 109 Chapter 7: Getting Down and Dirty with Fundamental Data 139 Chapter 8: Getting to Know the Major Currency Pairs 165 Chapter 9: Minor Currency Pairs and Cross-Currency Trading 189 Part 3: Executing a Trading Plan 207 Chapter 10: Pulling the Trigger 209 Chapter 11: Managing the Trade 225 Chapter 12: Tax Considerations 237 Part 4: Forex Alternatives 253 Chapter 13: Currency Exchange-Traded Funds 255 Chapter 14: Currency Futures 269 Chapter 15: Currency Options 283 Chapter 16: Trading Cryptocurrencies 307 Part 5: The Part of Tens 323 Chapter 17: Ten Habits of Successful Currency Traders 325 Chapter 18: Ten Rules of Risk Management 331 Chapter 19: Ten Great Resources for Currency Trading 337 Chapter 20: Ten (Or So) Golden Rules for Currency Trading Beginners 343 Chapter 21: Ten Alternatives to Currencies 349 Appendix: Trading Strategies 355 Index 379
£20.89
McGraw-Hill Education Financial Institutions Management ISE
Book SynopsisSaunders and Cornett''s Financial Institutions Management: A Risk Management Approach provides an innovative approach that focuses on managing return and risk in modern financial institutions. The central theme is that the risks faced by financial institutions managers and the methods and markets through which these risks are managed are becoming increasingly similar whether an institution is chartered as a commercial bank, a savings bank, an investment bank, or an insurance company. Although the traditional nature of each sector''s product activity is analyzed, a greater emphasis is placed on new areas of activities such as asset securitization, off-balance-sheet banking, and international banking.Table of ContentsPART ONE: INTRODUCTIONChapter 1: Why Are Financial Institutions Special? Chapter 2: Financial Services: Depository Institutions Chapter 3: Financial Services: Finance Companies Chapter 4: Financial Services: Securities Firms and Investment Banks Chapter 5: Financial Services: Mutual Fund and Hedge Fund CompaniesChapter 6: Financial Services: Insurance Companies Chapter 7: Risks of Financial Institutions PART TWO: MEASURING RISKChapter 8: Interest Rate Risk I Chapter 9: Interest Rate Risk II Chapter 10: Credit Risk: Individual Loan Risk Chapter 11: Credit Risk: Loan Portfolio and Concentration Risk Chapter 12: Liquidity Risk Chapter 13: Foreign Exchange RiskChapter 14: Sovereign Risk Chapter 15: Market RiskChapter 16: Off-Balance-Sheet Risk Chapter 17: Technology and Other Operational Risks Chapter 18: Risk of Digital Disruption and Fintech PART THREE: MANAGING RISKChapter 19: Liability and Liquidity Management Chapter 20: Deposit Insurance and Other Liability Guarantees Chapter 21: Capital Adequacy Chapter 22: Product and Geographic Expansion Chapter 23: Futures and Forwards Chapter 24: Options, Caps, Floors, and CollarsChapter 25: Swaps Chapter 26: Loan Sales Chapter 27: Securitization
£58.89
John Wiley & Sons How to Read a Financial Report
Book Synopsis
£21.24
John Wiley & Sons Creating Value
£24.80
Wiley The Strategic Millionaire Expanded Edition
a huge range and FREE tracked UK delivery on ALL orders.
£22.46
Wiley Money Simplified
a huge range and FREE tracked UK delivery on ALL orders.
£20.70
Taylor & Francis Inc The Future of American Banking
Book SynopsisThe future of American banking is in doubt and the industry and the federal insurance fund that helps support it are in turmoil. The ingredients of the turmoil have been simmering in public view since at least the early 1980s when commercial bank loans to lesser developed countries (LDCs) began to default. The difficulties began to boil at the end of the decade when the prospect first arose that the banks' deposit insurer, the Bank Insurance Fund (BIF) that is administered by the Federal Deposit Insurance Corporation (FDIC), might require dollars to resolve bank failure as occurred in the savings and loan debacle. This book frames the major economic and policy issues raised by the banking crisis whose resolution largely determines the future of American banking. It focuses on the current reported condition of the banking industry, concentrating on large banks in particular. A longer-run economic prognosis for the banking industry is presented and the implications of future bank failures for the financial services sector and federal regulatory policy are discussed. Most importantly the book contains suggestions for changes in the nation's deposit-insurance system and accompanying banking laws. These changes would reduce the federal government's deposit insurance liability and would provide banks with potentially profitable opportunities. The study includes a wealth of data on the financial condition of American banks and the system as a whole, some of it not easily obtainable from any other source. The authors are internationally recognized as knowledgeable experts on the state of the American banking system and the options and prospects for US banking reform.Table of ContentschapterOne Framing the Issues; chapterTwo The Banking Industry in Decline; chapterThree Banking In A Long Downward Spiral; chapterFour Déjà Vu All Over Again? The Condition of the Bank Insurance Fund; chapterFive Recapitalizing the Bank Insurance Fund; chapterSix Reducing the Taxpayer's Risk From Deposit Insurance; Chapter 7 Postscript;
£37.99
Taylor & Francis Inc Reforming Money and Finance: Institutions and Markets in Flux
Book SynopsisThis work provides a guide to money and finance. The second edition highlights the changes that have taken place in the period since 1988, including the banking crises of the early 1990s.Table of ContentsPART I : CURRENT ISSUES IN MONEY AND BANKING: AN OVERVIEW 1 Managing Credit-Money 2 Regulating Financial Institutions 3 The International Monetary System PART II: MONETARY POLICY: DEBATES AND VIEWPOINTS 4 Recent Policy Dilemmas of the Federal Reserve 5 The “Soft Landing ” Strategy of Greenspan’s Federal Reserve PART III: FINANCIAL INSTABILITY AND BANKING REGULATION 6 The Financial Underpinnings of Slow Growth 7 Banking Crises and Lender-of-Last-Resort Interventions 8 The Debate Over Reforming Banking Regulations PART IV: THE INTERNATIONAL MONETARY SYSTEM AND THE GLOBALIZATION OF FINANCE 9 Global Finance in a Tripolar World Economy 10 Managing the Global Debt Crisis PART V: THE EMERGING MONETARY REGIME 11 Transition to a New Monetary Regime
£27.99
Emerald Publishing Limited Angel Financing in Asia Pacific: A Guidebook for
Book SynopsisAngel investment and finance have been spreading from Silicon Valley to other parts of the world, including Asia, at an accelerating pace. Yet there have been few attempts to document this phenomenon and examine the hows and whys of startup financing in the region. Angel Financing in Asia Pacific addresses this knowledge gap by approaching the subject matter from two angles. First, from a journalistic angle, it aims to capture the current status and recent developments in a number of countries or territories in Asia. In each country report, the respective author(s) trace the background, trends, and future outlook of technology and innovation driven developments and related angel investment activities. The second part of the book takes a more analytical and prescriptive angle to the subject; making recommendations, providing analysis, and suggesting new approaches to startup financing in the Asia Pacific region.Trade ReviewEditors Lo, Mooney, and Wu present readers with a collection of academic essays and scholarly articles investigating the contemporary status of angel investing in startups throughout the Asia Pacific region. The editors have organized the contributions that make up the main body of the text in four parts devoted to the angel investment scene across the Asia Pacific region, an angel financing guide for investors and entrepreneurs, the rationale and future for angel investing in Asia Pacific. John Y. Lo is a lawyer and independent scholar in Hong Kong. Patrick Mooney is with Accelerating Commercialization and Impact Tech Ventures, Australia. Po Chi Wu is a faculty member of the Hong Kong University of Science and Technology. -- Annotation ©2016 * (protoview.com) *Table of ContentsPART A: INTRODUCTION A1. Introduction - John Y. Lo PART B: THE ANGEL INVESTMENT SCENE ACROSS THE ASIA PACIFIC REGION B1. Hong Kong - John Y. Lo B2. China - John Y. Lo B3. Korea - Benjamin J. Butler and Hahn Ryu B4. Japan - Evan Burkosky B5. Taiwan - Christopher Fisher and Marvin Lai B6. India - Anil Joshi and Padmaja Ruparel B7. Thailand - William Scheela, Kris Nalamlieng and Chanisa Rueangkirianya B8. Malaysia - Raiyomand Nariman B9. Singapore - Poh Kam Wong and Douglas Abrams B10. Indonesia - Budiman Goh B11. Australia - Patrick Mooney and John Mactaggart B12. New Zealand - Suse Reynolds PART C: ANGEL FINANCING - A GUIDE FOR INVESTORS AND ENTREPRENEURS C1. Angel Investment - John Y. Lo C2. Why Become an Angel? - John Y. Lo C3. What Does It Take to Be an Angel? - John Y. Lo C4. Finding Angel Investment Opportunities - John Y. Lo C5. Winning Investment Strategies - John Y. Lo C6. Approaches to Valuing a Venture - Wilton Chau and John Y. Lo C7. the Path of Growth Companies - John Y. Lo C8. Structuring Founder Interests and Relationship - John Y. Lo C9. Protecting and Managing Intellectual Property - Kenneth Y. Choy, Jacqueline Lui and John Y. Lo C10. Attracting Angel Capital - John Y. Lo C11. Structuring the Terms of Investment - John Y. Lo C12. Documentation, Due Diligence and Completion - John Y. Lo C13. Post-Investment: How Angels and Startups Dance Down the Yellow Brick Road - John Y. Lo C14. Follow-On Financing and Exit - John Y. Lo PART D: THE RATIONALE AND FUTURE FOR ANGEL INVESTING IN ASIA PACIFIC D1. Angel Investment in Asia Pacific: Policies Looking Forward - Yuk Fai Kevin Au, Marta K. Dowejko, Ka Wai Boby Shiu and Zhujun Ding D2. Why Choose to Be an Angel Investor in the Asia Pacific? - Po Chi Wu
£27.54
Kaplan Publishing MANAGEMENT INFORMATION - EXAM KIT
Book Synopsis
£999.99
Kaplan Publishing FINANCIAL ACCOUNTING - EXAM KIT
Book Synopsis
£999.99
Kaplan Publishing RECORDING FINANCIAL TRANSACTIONS - POCKET NOTES
Book Synopsis
£999.99
Kaplan Publishing FOUNDATION IN AUDIT - POCKET NOTES
Book Synopsis
£999.99
HLT Publications MANAGEMENT ACCOUNTING - POCKET NOTES
Book Synopsis
£999.99
Kaplan Publishing CREDIT MANAGEMENT - EXAM KIT
Book Synopsis
£999.99
Kaplan Publishing FINAL ACCOUNTS PREPARATION - POCKET NOTES
Book Synopsis
£999.99
Kaplan Publishing MANAGEMENT ACCOUNTING:DECISION AND CONTROL -
Book Synopsis
£999.99
Kaplan Publishing BA1 FUNADMENTALS OF BUSINESS ECONOMICS - STUDY
Book Synopsis
£999.99
Kaplan Publishing MANAGEMENT ACCOUNTING FMA STUDY TEXT
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£35.10
Kaplan Publishing F1 FINANCIAL REPORTING STUDY TEXT
Book Synopsis
£999.99
Kaplan Publishing P3 RISK MANAGEMENT STUDY TEXT
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£40.50
Kaplan Publishing F1 FINANCIAL REPORTING REVISION CARDS
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£999.99
Osborne Books Ltd Accounting for AQA A-level Part 2 - Question Bank
Book Synopsis
£13.11
Osborne Books Ltd FINANCIAL ACCOUNTING:PREPARING FINANCIAL
Book Synopsis
£16.15
McGraw-Hill Introduction to Financial Accounting 10e
Book SynopsisThe 10th edition of Introduction to Financial Accounting provides comprehensive coverage of all the fundamental accounting techniques and practices required by the IFRS, IAS and the Conceptual Framework for Financial Reporting. The authors bring the subject to life with stimulating discussions that encourage strategic thinking about the influence that accounting has on economic decision-making and its impact on society. This new edition embraces a contemporary approach whilst retaining its renowned concise and student-friendly chapters. Packed with real-world examples, practical content, worked examples and exercises, this essential resource keeps students engaged while enhancing their understanding of complex accounting theory. Key features include: oCoverage of the latest developments in International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and the Conceptual
£58.89
John Wiley & Sons Inc Value
Book SynopsisAn accessible guide to the essential issues of corporate finance While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.Trade Reviewmarches the reader through the very practical issues that affect value. (Financial Times, November 2010).Table of ContentsAbout the Authors ix Preface xi Acknowledgments xv Part One The Four Cornerstones 1 Why Value Value? 3Many companies make decisions that compromise value in the name of creating value. But with courage and independence, executives can apply the four cornerstones of finance to make sound decisions that lead to lasting value creation. 2 The Core of Value 15Return on capital and growth are the twin drivers of value creation, but they rarely matter equally. Sometimes raising returns matters more, whereas other times accelerating growth matters more. 3 The Conservation of Value 29You can create the illusion of value or you can create real value. Sometimes acquisitions and financial engineering schemes create value, and sometimes they don’t. No matter how you slice the financial pie, only improving cash flow creates value. 4 The Expectations Treadmill 41No company can perpetually outperform the stock market’s expectations. When a company outperforms, expectations rise, forcing it to do better just to keep up. The treadmill explains why the share prices of high performing companies sometimes falter, and vice versa. 5 The Best Owner 51No company has an objective, inherent value. A target business is worth one amount to one owner and other amounts to other potential owners—depending on their relative abilities to generate cash flow from the business. Part Two The Stock Market 6 Who Is the Stock Market? 63Conventional wisdom segments investors into pigeonholes like growth and value, but these distinctions are erroneous. There’s a more insightful way to classify investors, and doing so culls out those who matter most to the value-minded executive. 7 The Stock Market and the Real Economy 73The performance of stock markets and real economies are typically aligned, hardly ever perfectly aligned, and rarely very misaligned. Executives and investors who understand this are better able to make value-creating decisions. 8 Stock Market Bubbles 89Stock market bubbles are rare and usually confined to specific industry sectors and companies. Knowing why and when bubbles occur can keep management focused on making sound strategic decisions based on a company’s intrinsic value. 9 Earnings Management 103Trying to smooth earnings is a fool’s game that can backfire and, in some cases, destroy value. Creating value in the longer run sometimes necessitates decisions that reduce earnings in the shorter run. Part Three Managing Value Creation 10 Return on Capital 119A company can’t sustain a high return on capital in the absence of an attractive industry structure and a clear competitive advantage. Yet it’s surprising how few executives can pinpoint the competitive advantages that drive their companies’ returns. 11 Growth 139It’s difficult to create value without growing, but growth alone doesn’t necessarily create value. It all depends on what type of growth a company achieves and what the returns on that growth are. 12 The Business Portfolio 153A company’s destiny is largely synonymous with the businesses it owns, and actively managed portfolios outperform passively managed portfolios. Sometimes companies can create value by selling even high-performing businesses. 13 Mergers and Acquisitions 169Most acquisitions create value, but typically the acquirer’s shareholders only get a small portion of that value, while the lion’s share goes to the target’s shareholders. But there are archetypal ways that acquirers can create value. 14 Risk 183Nothing in business is more clear yet complex than the imperative to manage risk. Clear because risk matters greatly to the company, its board, its investors, and its decision makers. Complex because each of these groups has a different perspective. 15 Capital Structure 197Getting capital structure right is important but doesn’t necessarily create value—while getting capital structure wrong can destroy tremendous value. When it comes to financial structures, companies are best to keep them as simple as possible. 16 Investor Communications 209Good investor communications can ensure that a company’s share price doesn’t become misaligned with its intrinsic value. And communication isn’t just one way: executives should listen selectively to the right investors as much as they tell investors about the company. 17 Managing for Value 223It’s not easy to strike the right balance between shorter-term financial results and longer-term value creation—especially in large, complex corporations. The trick is to cut through the clutter by making your management processes more granular and transparent. Appendix A The Math of Value 237 Appendix B The Use of Earnings Multiples 241 Index 245
£20.40
John Wiley & Sons Inc Option Trading Pricing and Volatility Strategies
Book Synopsis* Option Trading, is the first comprehensive guide to trading options covering historical background, to contract types and market structure, to volatility measurement and forecasting, options strategies, and hedging techniques.Table of ContentsPreface xi Professional Trading xii The Role of Mathematics xiv The Structure of this Book xvi Acknowledgments xix CHAPTER 1 History 1 Summary 6 CHAPTER 2 Introduction to Options 7 Options 9 Specifications for an Option Contract 9 Uses of Options 11 Market Structure 14 Summary 20 CHAPTER 3 Arbitrage Bounds for Option Prices 21 American Options Compared to European Options 25 Absolute Maximum and Minimum Values 25 Summary 39 CHAPTER 4 Pricing Models 41 General Modeling Principles 42 Choice of Dependent Variables 45 The Binomial Model 48 The Black-Scholes-Merton (BSM) Model 55 Summary 61 CHAPTER 5 The Solution of theBlack-Scholes-Merton (BSM) Equation 63 Delta 67 Gamma 72 Theta 76 Vega 80 Summary 88 CHAPTER 6 Option Strategies 89 Forecasting and Strategy Selection 89 The Strategies 93 Summary 116 CHAPTER 7 Volatility Estimation 117 Defining and Measuring Volatility 119 Forecasting Volatility 129 Volatility in Context 132 Summary 136 CHAPTER 8 Implied Volatility 137 The Implied Volatility Curve 138 Parameterizing and Measuring the Implied Volatility Curve 142 The Implied Volatility Curve as a Function of Expiration 145 Implied Volatility Dynamics 146 Summary 151 CHAPTER 9 General Principles of Trading and Hedging 153 Edge 154 Hedging 156 Trade Sizing and Leverage 158 Scalability and Breadth 163 Summary 164 CHAPTER 10 Market Making Techniques 165 Market Structure 166 Market Making 169 Trading Based on Order-Book Information 181 Summary 189 CHAPTER 11 Volatility Trading 191 Hedging 192 Hedging in Practice 193 The P/L Distribution of Hedged Option Positions 203 Summary 213 CHAPTER 12 Expiration Trading 215 Pinning 215 Pin Risk 219 Forward Risk 221 Exercising the Wrong Options 221 Irrelevance of the Greeks 223 Expiring at a Short Strike 224 Summary 225 CHAPTER 13 Risk Management 227 Example of Position Repair 228 Inventory 232 Delta 234 Gamma 234 Vega 238 Correlation 240 Rho 242 Stock Risk: Dividends and Buy-in Risk 242 The Early Exercise of Options 243 Summary 248 Conclusion 249 APPENDIX A Distributions 253 Example 253 Moments and the “Shape” of Distributions 254 APPENDIX B Correlation 263 Glossary 271 Index 285
£46.40
Dorling Kindersley Ltd How Money Works
Book Synopsis
£17.09
John Wiley & Sons Inc Millionaire Teacher
Book SynopsisAdopt the investment strategy that turned a school teacher into a millionaire Millionaire Teacher shows you how to achieve financial independence through smart investing without being a financial wizard. Author Andrew Hallam was a high school English teacher.Table of ContentsAcknowledgments xiii Introduction 1 Rule 1 Spend Like You Want to Grow Rich 5 The Hippocratic Rule of Wealth 6 Can You See the Road When You’re Driving? 10 One of the Savviest Guys I Ever Met—And His View on Buying Cars 13 Careful Home Purchases 19 Millionaire Handouts 20 How Did I Become a Millionaire? 21 Looking to the Future 24 Rule 2 Use the Greatest Investment Ally You Have 27 Compound Interest—The World’s Most Powerful Financial Concept 29 The Bohemian Millionaire—The Best of Historical-Based Fiction 31 Gifting Money to Yourself 34 When You Definitely Shouldn’t Invest 36 How and Why Stocks Rise in Value 36 Rule 3 Small Fees Pack Big Punches 43 With Training, the Average Fifth Grader Can Take on Wall Street 44 Financial Experts Backing the Irrefutable 45 What Causes Experts to Shake Their Heads 49 When the Best Funds Turn Malignant 51 Reality Check 58 When Best Mutual Fund Lists Can Strip You Naked 61 What’s Under the Hood of an Index Fund? 69 Captain America Calls for Government Action 70 Who’s Arguing against Indexes? 72 Rule 4 Conquer the Enemy in the Mirror 81 When a 10 Percent Gain Isn’t a 10 Percent Gain 81 Are Index Fund Investors Smarter? 86 It’s Not Timing the Market That Matters; It’s Time in the Market 88 On Stocks . . . What You Really Should Have Learned in School 90 Internet Madness and the Damage It Caused 96 Taking Advantage of Fear and Greed 99 Young People Should Salivate When Stocks Sputter 101 Opportunities after Chaos 103 Rule 5 Build Mountains of Money with a Responsible Portfolio 111 What Are Bonds? 112 Profiting from Panic—Stock Market Crash, 2008–2009 116 Having a Foreign Affair 118 Introducing the Couch Potato Portfolio 120 Combinations of Stocks and Bonds Can Have Powerful Returns 123 Rule 6 Sample a “Round-the-World” Ticket to Indexing 129 What’s the Difference between an Index Fund and an ETF? 129 Indexing in the United States—An American Father of Triplets 135 Indexing in Canada 142 A Canadian Couch Potato Strips Down Costs 145 Indexing in Great Britain 148 Indexing in Australia—Winning with an American Weapon 151 Indexing in Singapore 153 The Next Step 157 Rule 7 No, You Don’t Have to Invest on Your Own 161 Are You Wired Like a Buddha? 162 How Does the Average Index Investor Underperform the Index? 163 Intelligent Investing for Americans 165 Intelligent Investing Firms for Canadians 172 Intelligent Investing Firms for British Investors 179 Intelligent Investing Firms for Australians 183 Intelligent Investment Firms in Singapore 185 Don’t Ask about Another Lover 186 Rule 8 Peek inside a Pilferer’s Playbook 189 How Will Most Financial Advisers Fight You? 189 The Totem Pole View 197 Is Government Action Required? 200 Rule 9 Avoid Seduction 205 Confession Time 205 Investment Newsletters and Their Track Records 210 High-Yielding Bonds Called “Junk” 213 Fast-Growing Markets Can Make Bad Investments 214 Gold Isn’t an Investment 216 What You Need to Know about Investment Magazines 216 Hedge Funds—The Rich Stealing from the Rich 219 Don’t Buy a Currency-Hedged Stock Market ETF 223 Beware of the Smart Beta Promise 225 Don’t Jump Heavily into Small-Cap Stocks 226 Conclusion 231 About the Author 233 Index 235
£16.96
John Wiley & Sons Inc On the Hunt for Great Companies
Book Synopsis
£29.59
John Wiley & Sons Inc Intermediate Accounting IFRS International
Book Synopsis
£62.69
McGraw-Hill Education International Financial Management ISE
Book SynopsisInternational Financial Management provides students with a foundation for analysis through a text that is well-organized, comprehensive, and provides up-to-date coverage of the topics. Like the first nine editions, it is written based on two tenets: emphasis on the basics and emphasis on a managerial perspective.The scope and content of international finance has been fast evolving due to cycles of deregulations and regulations of financial markets, product innovations, and technological advancements. As capital markets of the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making. Reflecting the growing importance of international finance as a discipline, we have seen a sharp increase in the demand for experts in the area in both the corporate and academic worlds.International Financial Management discussion is written so that a self-contained treatment of each subject Table of ContentsPART ONE:Foundations of International Financial ManagementChapter 1:Globalization and the Multinational FirmChapter 2:International Monetary SystemChapter 3:Balance of PaymentsChapter 4:Corporate Governance Around the World PART TWO:The Foreign Exchange Market, Exchange Rate Determination, and CurrencyDerivativesChapter 5:The Market for Foreign ExchangeChapter 6:International Parity Relationships and Forecasting Foreign Exchange RatesChapter 7:Futures and Options on Foreign Exchange PART THREE:Foreign Exchange Exposure and ManagementChapter 8:Management of Transaction ExposureChapter 9:Management of Economic ExposureChapter 10:Management of Translation Exposure PART FOUR:World Financial Markets and InstitutionsChapter 11:International Banking and Money MarketChapter 12:International Bond MarketChapter 13:International Equity MarketsChapter 14:Interest Rate and Currency SwapsChapter 15:International Portfolio Investment PART FIVE:Financial Management of the Multinational FirmChapter 16:Foreign Direct Investment and Cross-Border AcquisitionsChapter 17:International Capital Structure and the Cost of CapitalChapter 18:International Capital BudgetingChapter 19:Multinational Cash ManagementChapter 20:International Trade FinanceChapter 21: International Tax Environment and Transfer Pricing
£58.89
