{"product_id":"the-essential-cfo-9781118173046","title":"The Essential CFO","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eDiscover the power of the CFO''s role in delivering shareholder value\u003c\/b\u003e  \u003cp\u003eDuring the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, \u003ci\u003eThe Essential CFO\u003c\/i\u003e describes how today''s CFOs are responding to their expanded roles within both public and private companies. With straightforward and pragmatic guidance, author Bruce Nolop shows how CFOs are partnering with CEOs to deliver shareholder value by articulating a strategic plan, determining capital allocations, managing the capital structure, driving financial performance, and implementing strategic transactions.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers how CFOs are establishing robust accounting and risk management processes and effectively communicating with both external and internal constituencies\u003c\/li\u003e \u003cli\u003eLooks at the role of the CFO in transforming financial organizations to drive effectiveness and efficiencies\u003c\/li\u003e \u003cli\u003eExamines \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIntroduction xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: Strategy\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Articulating a Strategic Plan 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness Objectives 4\u003c\/p\u003e \u003cp\u003eStrategic Themes 5\u003c\/p\u003e \u003cp\u003eLong-Term Financial Model 7\u003c\/p\u003e \u003cp\u003eTotal Shareholder Return 10\u003c\/p\u003e \u003cp\u003eCapital Allocation Strategies 14\u003c\/p\u003e \u003cp\u003eAcquisition Strategies 15\u003c\/p\u003e \u003cp\u003eTarget Shareholders 17\u003c\/p\u003e \u003cp\u003eElevator Pitch 20\u003c\/p\u003e \u003cp\u003ePlan Revisions 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Communicating and Achieving Alignment 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConsistency and Transparency 24\u003c\/p\u003e \u003cp\u003eIncentive Compensation Programs 25\u003c\/p\u003e \u003cp\u003eInvestor Alignment 28\u003c\/p\u003e \u003cp\u003eAnalyst Relations 29\u003c\/p\u003e \u003cp\u003eInvestor Presentations 31\u003c\/p\u003e \u003cp\u003eCompany Website 35\u003c\/p\u003e \u003cp\u003eSocial Media 36\u003c\/p\u003e \u003cp\u003eMedia Relations 37\u003c\/p\u003e \u003cp\u003ePotential Media Pitfalls 38\u003c\/p\u003e \u003cp\u003eCoordinating Communications 39\u003c\/p\u003e \u003cp\u003eInterview Formats 39\u003c\/p\u003e \u003cp\u003eMedia Training 40\u003c\/p\u003e \u003cp\u003eNote 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Assessing Enterprise Risks 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEnterprise Risk Management 43\u003c\/p\u003e \u003cp\u003eImplementation of ERM 44\u003c\/p\u003e \u003cp\u003eRisk Identification 45\u003c\/p\u003e \u003cp\u003eRisk Quantification 46\u003c\/p\u003e \u003cp\u003eMajor Exposures 47\u003c\/p\u003e \u003cp\u003eMitigation Strategies 50\u003c\/p\u003e \u003cp\u003eRewarded versus Unrewarded Risks 51\u003c\/p\u003e \u003cp\u003eGovernance of ERM 52\u003c\/p\u003e \u003cp\u003eCFO’s Role in ERM 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Capital Allocations\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Estimating the Cost of Capital 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWACC Formula 59\u003c\/p\u003e \u003cp\u003eHurdle Rates 63\u003c\/p\u003e \u003cp\u003eRisk Premiums 63\u003c\/p\u003e \u003cp\u003eAcquisition Cost of Capital 65\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Prioritizing Capital Investments 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCash Flow Projections 67\u003c\/p\u003e \u003cp\u003eInvestment Budget 68\u003c\/p\u003e \u003cp\u003eEvaluating Projects 71\u003c\/p\u003e \u003cp\u003eCategorizing Projects 74\u003c\/p\u003e \u003cp\u003eMonitoring Projects 75\u003c\/p\u003e \u003cp\u003ePension Fund Contributions 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Considering Dividends and Repurchases 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDividend Policy Alternatives 80\u003c\/p\u003e \u003cp\u003eDividend Policy Considerations 82\u003c\/p\u003e \u003cp\u003eSpecial Dividends 85\u003c\/p\u003e \u003cp\u003eDividend Declarations 85\u003c\/p\u003e \u003cp\u003eRepurchase Considerations 86\u003c\/p\u003e \u003cp\u003eOpen Market Programs 90\u003c\/p\u003e \u003cp\u003eTender Offers 92\u003c\/p\u003e \u003cp\u003eRetaining Strategic Cash 92\u003c\/p\u003e \u003cp\u003eCash Investment Policies 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Mergers and Acquisitions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Identifying Acquisition Candidates 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRationale for Acquisitions 99\u003c\/p\u003e \u003cp\u003eAdjacent Spaces 100\u003c\/p\u003e \u003cp\u003ePortfolio Approach 101\u003c\/p\u003e \u003cp\u003eBusiness Sponsor 101\u003c\/p\u003e \u003cp\u003ePatience and Flexibility 102\u003c\/p\u003e \u003cp\u003eStrategic Purpose 102\u003c\/p\u003e \u003cp\u003eTypes of Acquisitions 103\u003c\/p\u003e \u003cp\u003eNote 107\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Evaluating Acquisition Candidates 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValuation Methodologies 109\u003c\/p\u003e \u003cp\u003eStandalone and Synergy Values 112\u003c\/p\u003e \u003cp\u003ePro Forma Analyses 113\u003c\/p\u003e \u003cp\u003eAcquirer’s Stock Valuation 116\u003c\/p\u003e \u003cp\u003eRisk Considerations 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Executing a Merger or Acquisition 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDue Diligence 119\u003c\/p\u003e \u003cp\u003eBusiness Plan 123\u003c\/p\u003e \u003cp\u003eFinancial Projections 124\u003c\/p\u003e \u003cp\u003eFinancing Plan 126\u003c\/p\u003e \u003cp\u003ePrice Negotiations 128\u003c\/p\u003e \u003cp\u003eContract Terms 129\u003c\/p\u003e \u003cp\u003eAcquisition Integration 132\u003c\/p\u003e \u003cp\u003eNote 134\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Executing Divestitures and Spinoffs 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDivestiture Evaluations 135\u003c\/p\u003e \u003cp\u003eHiring Investment Bankers 136\u003c\/p\u003e \u003cp\u003eAuction or Negotiated 137\u003c\/p\u003e \u003cp\u003eStock or Assets 139\u003c\/p\u003e \u003cp\u003eFinancing Conditions 139\u003c\/p\u003e \u003cp\u003eManagement Participation 140\u003c\/p\u003e \u003cp\u003eTax-Free Spinoffs 141\u003c\/p\u003e \u003cp\u003eSplit-Ups 142\u003c\/p\u003e \u003cp\u003eEquity Carve-Outs 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Responding to Takeover Offers 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGovernance Policies 145\u003c\/p\u003e \u003cp\u003eReviewing an Offer 146\u003c\/p\u003e \u003cp\u003eConducting a Sale Process 148\u003c\/p\u003e \u003cp\u003eActivist Shareholders 149\u003c\/p\u003e \u003cp\u003eGoing Private Transactions 149\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV: Funding\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Establishing Capital Structure Objectives 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLeverage Targets 153\u003c\/p\u003e \u003cp\u003eLeverage Criteria 155\u003c\/p\u003e \u003cp\u003eRating Agencies 157\u003c\/p\u003e \u003cp\u003eRatings Categories 158\u003c\/p\u003e \u003cp\u003eRating Agency Dialogues 160\u003c\/p\u003e \u003cp\u003eRatings Criteria 161\u003c\/p\u003e \u003cp\u003eInforming Investors 162\u003c\/p\u003e \u003cp\u003eNote 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Developing Financing Strategies 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancing Principles 165\u003c\/p\u003e \u003cp\u003eDebt Financing 167\u003c\/p\u003e \u003cp\u003eEquity Financing 171\u003c\/p\u003e \u003cp\u003eOff Balance Sheet Financing 174\u003c\/p\u003e \u003cp\u003eDebt Covenants 177\u003c\/p\u003e \u003cp\u003eDebt Refinancings 179\u003c\/p\u003e \u003cp\u003eDebt for Equity Swaps 180\u003c\/p\u003e \u003cp\u003eBankruptcy 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Ensuring Short-Term Liquidity 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBank Lines 185\u003c\/p\u003e \u003cp\u003eCash Planning 187\u003c\/p\u003e \u003cp\u003eContingency Planning 187\u003c\/p\u003e \u003cp\u003eLiquidity Ratios 189\u003c\/p\u003e \u003cp\u003eWorking Capital Strategies 189\u003c\/p\u003e \u003cp\u003eTrapped Cash 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Obtaining Long-Term Financing 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVenture Capital 193\u003c\/p\u003e \u003cp\u003ePrivate Equity 194\u003c\/p\u003e \u003cp\u003eInitial Public Offering 195\u003c\/p\u003e \u003cp\u003eSubsequent Equity Offerings 198\u003c\/p\u003e \u003cp\u003eTerm Loans 200\u003c\/p\u003e \u003cp\u003eSyndicated Bank Loans 200\u003c\/p\u003e \u003cp\u003eInvestment Grade Securities 200\u003c\/p\u003e \u003cp\u003eHigh Yield Securities 201\u003c\/p\u003e \u003cp\u003eStrategic Alliances 202\u003c\/p\u003e \u003cp\u003eNote 203\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V: Performance\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Driving Business Performance 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrganic Revenue Growth 207\u003c\/p\u003e \u003cp\u003eCost Reduction Strategies 211\u003c\/p\u003e \u003cp\u003eFixed versus Variable Costs 219\u003c\/p\u003e \u003cp\u003eNote 219\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Providing Planning and Analysis 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBudgets 221\u003c\/p\u003e \u003cp\u003eForecasts 225\u003c\/p\u003e \u003cp\u003eCash Flows 226\u003c\/p\u003e \u003cp\u003ePerformance Metrics 228\u003c\/p\u003e \u003cp\u003eBusiness Unit Metrics 231\u003c\/p\u003e \u003cp\u003ePerformance Reports 232\u003c\/p\u003e \u003cp\u003eBusiness Analysis 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Managing Financial Risks and Taxes 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsurance 235\u003c\/p\u003e \u003cp\u003eInterest Rates 238\u003c\/p\u003e \u003cp\u003eCurrencies 239\u003c\/p\u003e \u003cp\u003eCommodities 241\u003c\/p\u003e \u003cp\u003eInflation 242\u003c\/p\u003e \u003cp\u003ePension Fund 243\u003c\/p\u003e \u003cp\u003eTax Planning 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VI: Accounting and Controls\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Establishing Accounting Processes 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Reporting 251\u003c\/p\u003e \u003cp\u003eSEC Filings 255\u003c\/p\u003e \u003cp\u003eExternal Auditors 259\u003c\/p\u003e \u003cp\u003eAudit Committee 259\u003c\/p\u003e \u003cp\u003eNote 260\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Communicating Financial Results 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarnings Call 261\u003c\/p\u003e \u003cp\u003eNon-GAAP Measures 266\u003c\/p\u003e \u003cp\u003eEarnings Guidance 267\u003c\/p\u003e \u003cp\u003eNote 271\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Implementing Sarbanes-Oxley 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of Provisions 273\u003c\/p\u003e \u003cp\u003eAuditor Independence 274\u003c\/p\u003e \u003cp\u003eCertification of Financials 275\u003c\/p\u003e \u003cp\u003eAssessment of Internal Controls 276\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Reinforcing Compliance and Controls 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControl Environment 282\u003c\/p\u003e \u003cp\u003eAuditor and Board Support 283\u003c\/p\u003e \u003cp\u003eForeign Corrupt Practices Act 285\u003c\/p\u003e \u003cp\u003eFraud Prevention 287\u003c\/p\u003e \u003cp\u003eWhistleblowers 287\u003c\/p\u003e \u003cp\u003eCost of Compliance 288\u003c\/p\u003e \u003cp\u003eNote 289\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart VII: Leadership\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Achieving Finance Transformation 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOrganizational Structure 293\u003c\/p\u003e \u003cp\u003eTechnology Systems 298\u003c\/p\u003e \u003cp\u003eProcess Reengineering 301\u003c\/p\u003e \u003cp\u003eOutsourcing Advantages 303\u003c\/p\u003e \u003cp\u003eOutsourcing Implementation 305\u003c\/p\u003e \u003cp\u003eAnalysis versus Data 308\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Developing Financial Talent 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecruitment Strategies 312\u003c\/p\u003e \u003cp\u003eDevelopment Objectives 316\u003c\/p\u003e \u003cp\u003eDevelopment Tools 320\u003c\/p\u003e \u003cp\u003eDiversity 325\u003c\/p\u003e \u003cp\u003eFuture Requirements 325\u003c\/p\u003e \u003cp\u003eNote 326\u003c\/p\u003e \u003cp\u003eAbout the Author 327\u003c\/p\u003e \u003cp\u003eAcknowledgments 329\u003c\/p\u003e \u003cp\u003eIndex 331\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default 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