Book Description

Now translated into 11 languages! This reader-friendly, icon-rich series is must reading for all managers at every level

All managers, whether brand new to their positions or well established in the corporate heirarchy, can use a little "brushing up" now and then. The skills-based Briefcase Books series is filled with ideas and strategies to help managers become more capable, efficient, effective, and valuable to their corporations.

Managers in all types of organizations and environments must be able to prepare, or at least understand, a realistic and results-oriented budget. Budgeting for Managers­­rich in practical techniques and examples­­walks the reader through the entire budgeting process, from basic financial concepts and their use in creating a budget to methods for tracking actual spending.

Book Description

Outside of the accounting and finance departments, not many business people are interested in the finer points of financial reports. Butevery manager must have a thorough understanding of what their finance and accounting staffs do, why they do it, and what these reports really mean.

This indispensable book demystifies the role that accounting and finance play in a corporation and demonstrates how financial decisions aremanifestations of company goals. The author's crystal-clear examples show how managers can connect corporate financial information directly to theirown strategies and actions. To demonstrate these connections, the author covers such essential topics as:

* Balance sheets and income/cash flow statements * Reading and understanding annual reports * Fixed-cost and variable-cost issues * Financial analysis, budgeting and forecasting. ... Read more

Reviews (1)

How to understand the basics of a balance sheet
Edward Fields' Essentials Of Finance And Accounting For Nonfinancial Managers tells how to understand the basics of a balance sheet, income statement, cash flow statement and annual reports. Newcomers to reading company financials will appreciate the clear explanations on investment returns, analysis ratios, and other methods of understanding business reports. ... Read more

Book Description

This casebook supplies approximately six full-sized cases based on real world applications, appropriate for all professionals who work with financial statement analysis.The text thoroughly discusses a series of analysis techniques, such as business strategy analysis, accounting analysis, financial analysis, and prospective analysis. ... Read more

Book Description

Book Description

What generates shareholder value? How can it be evaluated? How can it influence investment decisions and corporate strategy? Cash Flow Return On Investment answers all these questions by detailing the pioneering financial research carried out by HOLT Value Associates, the leading consultancy in the field.

Read this book if you want to find out what really drives the wealth generation in any business, allowing you to pick which equities will succeed and which strategic initiatives are destined for high returns.

The CFROI model is an essential tool for professionals working in finance and corporate strategy. It clarifies how economic value is created in a firm and acts as a reliable guide to:

* making investment decisions
* taking key strategic decisions
* understanding economic value

Shows how to judge and compare individual equities across markets and company sectors
Cutting edge theory and practice
The leading book about shareholder value authored by one of the world's leading consultancies in the field ... Read more

Reviews (2)

CFROI explains stock prices better than P/E ratios
Best finance book I have read in years!

The book is a quick read and does a terrific job of explaining the investment framework employed by institutional portfolio managers world-wide. CFROI brings the concept of return on invested capital to a more robust level by providing the investor with a greater understanding of stock price movement and valuation.

This book is a must read if you expect to outperform the market. The increased complexity of accounting rules over the last decade has forced investors to apply an analysis process focused on a company's future cash flows. The accuracy of the CFROI valuation framework places traditional analysis and EVA at the bottom of the investor's toolbox. CFROI can help you avoid value trap stocks and step up to high PE stocks who are expected to create wealth for their shareholders.

The millenium stock selection model
Madden's text substitutes empirical fact for academic claptrap, clearing away the underbrush of neat-though-erroneous theories like CAPM and EVA, giving the conscientious professional and serious amateur a meticulous roadmap to superior understanding and investment returns. Or in Madden's words, "The employment of CAPM/beta and related procedures has become a ritual due not to empirical usefulness, but to its mathematical elegance - the touchstone of mainstream academic corporate finance." The justification for CFROIs demanding discipline is demonstrated early in the text in an example, wherein the past real record of a hypothetical firm with a stable 6.5 % ROI is converted into GAAP accounting numbers from which an ROI series is calculated. In re the accounting-based return history, Madden asks, "Who referring to (the chart) would not be misled about a firm's performance relying on the (ROI gyrating between + 24% and -10%) while the economic performance did not vary?" In short, if you don't know the facts, you can't solve the mystery. The predictive and interpretive powers of the system's valuation metric is the result of plain hard work, not the magical properties of some lazy man's statistical dowsing rod like Earnings Momentum. Last widely employed during the Tulip Craze of an earlier century, Earnings Momentum is based on the dubious concept that as long as accounting earnings, surreal and manipulable though they be, go up, the stock should go up as fast as it does go up, unless earnings don't go up as fast as expected, in which case we've been disappointed, so it's not worth anything until the bookies can reestablish the odds. Had we all expended the necessary effort on CFROI, we might have anticipated or at least understood to our financial benefit and peace of mind: IBM problems in the mid-80s to mid-90s that led to a restructuring; Wal-Mart's staggering gait beginning in the late 80's that produced unsatisfactory price action in the early 90's; Hewlett Packard's defiance of gravity in maintaining an exceptional internal rate of return; ditto Abbot Labs, Hershey and Wrigley's outperforming the market; the rebound of Analog Devices and the volatility of Advanced Micro Devices; and so on and on. The CFROI knowledge system dissects the firm and the value creation process, meticulously separating the past and present from the nebulous future, thereby establishing a mathematical basis for professional investment decision making. The CFROI valuation model applies dividend discount technique to inflation-adjusted cash flow growth projections, using a firm-specific risk premium plus the market-required rate of return to determine the firms warranted value and the equity's warranted price. CFROI resolves two fundamental equity valuation issues: the recognized fallibility of the Capital Asset Pricing Model and the inherent inconstancy of accounting data. The former supplying a counter-intuitive cost of capital or required rate of return; the other concealing the real prospects of the firm's wealth creating efforts. As the lengthy flow charts detailing the process required to turn accounting hash into economic reality attest, CFROI is not a black box of unexplained miracles. It's a sweatshop equipped with empirically-proven, high tech tools which give the driven amateur and dedicated professional the means to outrun the herd. ... Read more

Book Description

Advanced praise for Transfer Pricing Methods

"Feinschreiber and a team of renowned executives have provided the definitive transfer-pricing guide to this challenging area.At a time when many companies are reviewing documents, policies, and procedures, it’s wonderful to have a concise, clearly written reference focused on what may be the most critical corporate tax issue."
–Charles R. Goulding, Managing Director, Tax
Cooper Industries, Inc.

"It is refreshing to find a treatise on transfer pricing that combines practical business considerations, economic theory, and a discussion of technical tax rules in a way that is meaningful not only for large corporate enterprises but also small and medium-sized businesses."
–Vikram A. Gosain, JD, CPA, Director ofTransfer Pricing
General Electric Capital Corporation

"This well-written book will be useful both to attorneys new to the practice area and to older hands. It includes very helpful discussions on valuation issues that will be particularly useful for in-house counsel and accountants."
–Joseph C. Mandarino, Partner
Troutman Sanders, LLP

"Feinschreiber and his contributors have cogently explained hundreds of useful facets in the transfer pricing field that have taken others volumes to articulate.The busy professional should consider this book in his or her quest for knowledge in the scintillating tax specialty."
–Charles L. Crowley, Partner
ITS/Customs and International Trade Practice, Ernst & Young, LLP

"Transfer Pricing Methods . . .should become a standard tool for every owner-managed and mid-cap multinational."
–Enrique MacGregor, Principal-in-Charge,Transfer Pricing Services
Grant Thornton LLP

"Bob’s vast experience in transfer pricing matters has again been captured between the covers of a book.Thank you, Bob, and your contributing colleagues, for producing another valuable helpmate."
–Alan Getz,Vice President and General Manager,Tax
Mitsui & Co., Inc. (U.S.A.)

"Feinschreiber’s current publication is a practical handbook that presents transfer pricing tools that can assist tax professionals of mid-sized companies to optimize profits, manage cash flows, and moderate taxes in a defensible manner."
–Per H. Hasenwinkle, National Practice Leader, Transfer Pricing
BDO Seidman, LLP ... Read more

Book Description

Financial Reporting and Analysis is an innovative, all-new examination of financial reporting practice through the lens of economics. Providing an unprecedented sense of how financial accounting is used in the business environment, it balances its subject's necessary topical rigor with a welcome user-friendly approach. A full chapter explores every angle of the often-ignored yet vital subject of earnings management, while the PowerWeb Card allows for continuous updating and interactive assistance.

Book Description

ESSENTIALS OF PAYROLL

Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in payroll.

"Steven has done it again. Payroll seems and is complicated to the average executive who is the decision-maker. In the past, there has not been a source for understanding the technical and practical applications of payroll. Essentials of Payroll covers each area of payroll from the initial forms in the employee file to details about payment options, deposits, and problems such as termination, manual checks, and integration with general ledger. I think this should be required reading for those executives who supervise personnel and payroll functions."
–Gail W. Sevier, CPA
Marrs, Sevier & Company LLC

"Creating effective procedures, maintaining policies, and streamlining operations are more important now than ever before. This is an excellent reference and useful guide for professionals who manage payroll, compensation, and related benefit issues."
–Clint Davies, Partner (Principal)
Berry, Dunn, McNeil & Parker ... Read more

Reviews (1)

Valuable Payroll Resource
I think this is a good beginner-to-intermediate level book about payroll. While I doubt this book can serve as your only source to setting up a payroll system (a claim never made by the author), it can serve as a valuable guide to implementing or reviewing your current payroll internal controls, best practices and payroll policy manual. It may also help you analyze whether you are paying too much money or spending too much time on your job costing system. If you like examples, the author uses many short case studies to clarify his main points.

He keeps the book up-to-date by discussing topics such as payroll information technology, current payment alternatives and Internet references. He discusses other issues in detail, such as fringe benefits, vacation pay, minimum wage laws, payroll calculations, retirement plans, and stock option plans.

Given the popularity of outsourcing the payroll function, I think the book could have went into more detail about how to select the right payroll outsource vendor and how to ensure that the outsource vendor maintains proper internal controls (e.g. obtaining an annual SAS 70 Type II). Also, I felt I could have skipped the payroll tax portion and read IRS publication 15, 15a and 15b and my state's corresponding payroll tax publication. Finally, to help improve the books longevity, the author could have either left out the current year tax rates and limitations altogether or listed Internet references where the current and future rates and limitations could be referenced.

Nevertheless, overall I think this is a good book that I will use from time to time to brush up on my payroll process knowledge. Therefore, I think the book is worth buying, reading and referencing. ... Read more

Book Description

Strategies AND techniques for getting the most out of A COMPANY’S physical assets

Accounting for Fixed Assets, Second Edition presents comprehensive guidelines for effectively managing property, plant, and equipment in order to get the maximum benefits out of investments in these long-term tangible assets. Enhanced with numerous examples and illustrations, this new edition features essential material on government accounting, not-for-profit accounting, and practical computer programs.

Complete, up-to-date coverage of fixed-asset accounting includes:

• Asset classification
• Base unit
• Asset value
• Asset safeguards
• Inventories of fixed assets
• Extraordinary repairs
• Written policies
• Self-constructed assets

Book Description

Fresh, easy-to-understand insights into maximizing income while lowering risk. Investing for Income demonstrates the convincing reasons that bond funds are the nearly perfect investment. For the millions of investors who dream of earning high returns without subjecting themselves to stock market risks, this is the ideal book.

Using clear, concise language, it demystifies the bond market, from the basics of fixed income investing through more advanced investment strategies, and return and risk analysis. For ease of use, it lists top bond funds by category and covers how to assess a fund's management team and select a fund. It also shows investors how to build a strong bond portfolio that complements stock and stock fund holdings. ... Read more

Reviews (3)

All About Bonds!
I read this book cover to cover and it was an education to say the least. Looking for income strategies, I found a foundation to build off of here.

I also give it a Aaa rating!

A Triple-A Investment!
The best guide to investing in bond funds available anywhere!

Perfect for income investors looking to increase their understanding and income potential.

Strategies are a real eye opener!

Very sound techniques for investing in bonds
Ralph does a terrific job introducing the investor to the sometimes complicated world of bonds and bond mutual funds. For any investor who is looking to round out an equity portfolio with fixed income products, or who wants to invest entirely in bonds, this book is absolutely the best place to start. ... Read more

Book Description

'Accounting for Business' is ideal for undergraduate students on business and accounting courses who need to understand the nuts and bolts of financial accounting. This popular textbook has always enjoyed a deserved reputation for accessibility and thoroughness. Now in its third edition, its contents have been fully updated and restructured to make them even easier to use. Readers will benefit from the coverage of current accounting practices and legislation, in addition to the range of worked examples and self-test activities throughout the book.

'Accounting for Business' clearly explains accounting information's role in making sound business decisions and focuses upon the aspects of accounting practice which are most relevant to the non-specialist manager. It is ideal for first year undergraduates of business studies, higher students and those pursuing professional accountancy qualifications.

This third edition has been restructured, to further enhance its 'student centred' approach. The content has now been broken down into 25 roughly equivalent 'bite-sized' individual study topics. Each of these requires 6 hours of study time, enabling this book to support a full scale semester course with two topics a week, or a full year course at one topic a week.

Includes a wide selection of topical case studies, with a broad spread of international examples.

Designed to support a lecture programme and independent learning
Student centred and student tested
Worked examples and self-test activities throughout ... Read more

Book Description

An excellent introduction to financial accounting, this book informs the reader about its significant role in making sound business decisions. With its concentration on the uses of financial accounting rather than on the preparation of accounting information, the authors present the information in a manner that makes the topic readily available for use in a broad number of ways.This complete and easy to understand financial accounting book covers the following topics briefly, yet comprehensively: economic decision-making and business in the United States; balance sheets; income statements and statements of owners' equity; economic management; the accounting system; long-lived depreciable assets; inventory accounting; cash flow statements; and a close look at financial statement analysis.For readers needing a book that will allow them a basic understanding of financial accounting. ... Read more

Book Description

Real accounting for today's students: Libby/ Libby/ Short wrote this book with the belief that financial accounting is an inherently interesting subject, but traditional textbooks are often not so interesting. In the Second Edition, the authors continue to bring the material to life offering the most real-world driven financial accounting text on the market. By writing the entire book based on real company annual reports, presenting material in a logical manner appropriate for introductory students, including active learning features, and further emphasizing the uses of accounting information, the Second Edition will continue to captivate instructors and students across the country. ... Read more

Reviews (11)

I can't wait to re-sell this book
This book is not for beginners!The exercises in the textbook are difficult to follow because they don't provide much examples in the chapters.Also, important topics are briefly discussed.However, I enjoyed reading the case studies.

Very Useful
I used this study guide and received a 3.9 out of 4.0 in this class. This is a great study guide and I would recommend getting one as it will definitely improve your grades in a very important class.

NOT A GOOD BOOK FOR INTRO TO FINANCIAL ACCT !
The book's preface indicates "We assume the students has had no prior exposure to accounting and financial statements, and has had little exposure to the business world". Hah! As I read through this book, I honestly believe these authors (professional CPAs) had completely forgot who their target audiences were.

If this is a required textbook for your class, I highly suggest looking into a good supplemental book. Good luck.

average
i realize that a review of a textbook is somewhat of a moot point. after all, you have to buy the book that the professor tells you to buy. but, here it is anyway:

the book was average in every sense of the word. the one thing i did not like about it was that it did not highlight every new word or phrase and define it. only about half of the new words or phrases were highlighted in a text box next to the paragraph. this means that if you were searching for a word or phrase, if it was not noted in the margin, then it was very difficult to find it. this is fairly typical of textbooks, so i figured it was average.

The Best
This book is really great. A must have for those interested in Accounting. I own the book and had classes with Professor Libby. He really knows what he's talking about. ... Read more

Book Description

"There are fifteen major breakthroughs in technical analysis! SEVEN of these breakthroughs are new, never-before-revealed material!" - George Lane, Stochastics Originator. As professional traders approach the 21st century, accelerating technological change threatens to make conventional technical studies and indicators ineffective. To compete in this changing environment, these professionals need radical new uses and combinations of indicators and formulas to keep their competitive edge. Not a primer for the novice, TECHNICAL ANALYSIS FOR THE TRADING PROFESSIONAL resets the scales, arming today's professional trader with new, unique, and never-before-seen formulas and uses of key market indicators and techniques. ... Read more

Reviews (36)

A gold mine of new information
I've been a trader for about ten years and have spent thousands of dollars on trading books - most of which have proven to have little or no useful content. That's certainly not the case with this book of Connie Brown's which provides alot of new thinking about indicators/oscillators and how we view and actually use them. More importantly the reader is challenged to think about what their favorite indicator is actually telling them at any point in time. Her discussion of the information a plain vanilla 14 period RSI can actually divulge is, in itself, well worth the price. The work on price projection and targets is extremely useful and has had a major positive impact on my trading. As an added bonus, the author shares some new indicators of her own creation and provides the reader with the "easy language" code for TradeStation.

There's an awful lot of information in this book and it does take some time to digest. I've found something new and worthwhile every time I pick it up. You will definitely not find a re-hash of the same old stuff. Highly recommended!

A Teaser Not a Pleaser
This book promises to take you into the Promised Land of traderdom but leaves you in the desert. It's up to you to find the water. The author may give you some pointers as to where you might find it but you may easily die of thirst trying to get there.

At best, this an introduction to the author's trading methodology. It broadly covers her different techniques: Elliot Wave used in conjunction with oscillators, Fibonacci price projections and retracements, Gann time and price analysis, reverse engineering of indicators to project price. Sounds good doesn't it? Well don't hold your breath. The author keeps the secret of the Holy Grail to herself. If you want the answers, you will have to take her seminars or subscribe to her service.

Just to give you a sense of what I mean: One chapter is entitled "Price Projections by Reverse-Engineering Indicators". You get four pages of excruciating detail on how to export into excel, but when it comes to how she actually reverse engineers the indicator she writes, "Just know that some reverse-engineering projections require you to know the indicator formula and to have Excel generate the results, rather than just plugging in the indicator values from Trade station." How does she do it? She hired professional programmers to do it for her. Yes, that's all very well but then what do we need the book for and why are we paying her? Then there is the infamous Composite Index indicator so essential to her system. It has been repeatedly commented on in the other reviews here. She repeatedly promises to discuss the formula in various parts of the book and a whole chapter is devoted to it. The author writes, "By now you are probably trying to find the formula for the Composite Index". No such luck. Instead, you get, "Forgive my inconveniencing you, but look toward the Aerodynamic Investments Web site... for the outcome of this sticky dilemma." What a tease!

And those aren't the only secret keys she keeps. In the chapter on Gann you find that all the wisdom of Gann is useless for trading indexes unless you possess certain secret conversion factors unknown by the general public, but which were revealed in some letters of Gann possessed by a friend of the Author. These documents were mysteriously destroyed upon his death. "All my attempts to acquire them or to have them preserved failed.," she writes. At any rate she's not revealing the conversion factors.

Later she writes, "While the revelation that a conversion factor is used will understandably discourage some of you from going further and tempt you to skip the remaining chapter..." and then tries to lure you in with "So hang in there as this discussion has only scratched the surface. Besides, aren't you curious about the fourth dimension within the pyramid that I passed over so quickly in the beginning of this chapter? Good. Thought that might work. Onward." But all the reader gets on the pyramid is three scanty sentences in a paragraph in which the author states that there are three dimensions in a Pyramid. But hold your horses, there is also a fourth dimension: time. "It is Gann's Master Calculator or Square of 52," the author states. This fourth dimension can be derived from the Pyramid, but here the author leaves you ruminating once again this time about how to divine the mystical qualities of the Pyramid. You will never know.

Ah, but isn't that why we bought the book in the first place, to find out what we will never know? Don't think to transgress the portals of the Temple of Giseh.

A Treasure for Traders
Hands down, this is my best trading literature VALUE. Just one chapter supported a significant increase in my trading.

Its deep, but so was the first 2 calculus courses in engineering school. If its too advanced for you now, better buy it while its still available. The better trading books seem to go out of print quickly (?).

Constance reveals more of her successful trading than most authors that show how to trade from the middle of the chart. I also appreciate the most robust trading software ever made was used with coding examples, TS2000i.

Thanks Connie!

For the serious trader only
I have been trading for the past 5 years. I am always looking for new ways to look at the market and hone my technical skills. This book is designed to help you think outside the box and look at what the market is telling us in new ways. She disects the RSI & Stochastics like noone else. Shows the reader how to produce fibonacci price projection and retracement clusters and how to use both RSI and Stochastics to do this also. The Elliott Wave Chapter is a real time day-by-day analysis over the summer of '98 using RSI & Stoch oscillators. She introduces the reader to Gann. And talks about cycles. I could go on. Just get the book if you're serious about trading.

It burns well in the Fireplace
A thousand extra words were used for each "concept". I was suckered into trying out her service after being deferred to her website for all the "good stuff". I paid [$$$] for a quarter for what I now see is false advertising and I honestly have never seen someone make so many bad observations and be so wrong over any 3 month time frame. I've seen amateurs make more consistent calls at yahoo.

A total shame that she holds back all the stuff that she claims works best, but clearly can't even analyze the markets in real time. A pitiful fleecing of the public with outrageous claims in the book and at her site. ... Read more

Book Description

"The authors have provided an interesting and helpful resource to understand and manage the nonprofit organization's investments. I believe that this book should be in the library of all nonprofit practitioners that are concerned about prudent stewardship."
-Jim Croft, PhD, Vice President, Finance and Administration The Field Museum (Chicago, Illinois)
"This book is a straightforward, well-written guide to the strategies and administration of investment assets of nonprofit institutions. It relies on the principles of modern portfolio theory in emphasizing asset diversification, performance measurement, and careful manager selection. It debunks much of what passes for 'investment advice' in the popular media. To their credit, the authors describe the challenges, factors, and actors in the investment industry, from the perspective of the individuals and committees charged by nonprofit institutions swith investment oversight responsibility."
-John E. Allerson, Senior Vice President, Finance and Operations and Chief Financial Officer, Roosevelt University (Chicago, Illinois)
"I would consider this book 'Investments 101' for anyone who deals with overseeing investments of a company, whether it is a profit or nonprofit. Yet, at the same time, it would help all investors, small or large, in dealing with their own individual portfolios. DiMeo, Schneider, Benoit, et al. have organized the book in such a way that each chapter deals with the very essence of how to structure an investment portfolio and how to look at the complex environment in an easy way."
-Kevin Higdon, Vice President of Finance Elkhart General Hospital (Elkhart, Indiana)
"From modern portfolio theory to the role of the fiduciary, The Practical Guide to Managing Nonprofit Assets provides trustees of nonprofit funds with a chapter-by-chapter explanation of what they should know to carry out their responsibilities. For the uninitiated, it creates a foundation for understanding investing in a difficult environment. For the experienced, it serves as a checklist of issues to be considered in exercising appropriate investment oversight."
-Thomas H. Hodges, Executive Vice President, Finance, and Treasurer Evanston Northwestern Healthcare (Evanston, Illinois) ... Read more

Book Description

Sample exam questions and updated information on the latest developments in the field for valuation candidates and professionals

• Includes questions and exercises that typically appear on accreditation exams
• Covers the most frequently encountered errors on reports and in examinations
• Reflects the latest business valuation developments, viewpoints, court case references, and data resources
• Contains hundreds of multiple-choice and true/false questions, short problems, and fill-in-the-blank questions
• Includes eight hours of CPE credit through a self-study examination

A companion to Shannon Pratt’s Business Valuation Body of Knowledge, Second Edition or a stand-alone resource, the Business Valuation Body of Knowledge Workbook, Second Edition keeps ABV, ASA, CBA, and CVA candidates and current practitioners up to speed on the latest developments in this constantly changing discipline.

Order your copy today! ... Read more

Book Description

Oriented toward concepts rather than procedures and based on materials which have appeared in previous publications with a major portion taken from the author's experiences. Reflects the author's perspective on the financial reporting environment and based upon two major sources of experience, research and institutional. The third edition of Financial Reporting: An Accounting Revolution has been revised to include the Feltham-Ohlson framework and a discussion of key features of financial reporting. It acknowledges recent research incorporating balance sheet as well as earnings variables. It also reflects recent empirical research that adopts a balance sheet perspective. An essential reference for all financial professionals, including analysts, regulators, and managers.

Book Description

Interactive Financial Accounting Lab, Version 3, by Smith/Birney offers over 40 hours of exercises and feedback to help students learn financial accounting concepts.This software places the student in an office environment as if they were working for a company. After they complete each exercise they will be promoted and will receive salary adjustments based on their performance.The software provides students with immediate feedback, and allows instructor¿s to monitor the progress of their class on an individual basis.With the introduction of new technology, distance learning courses, and new accounting terminology, our authors met with our users to discuss changes needed to improve this market leading software. These changes will allow us to address the needs of students in the new millennium, and provide instructors with a more flexible product.Some of these changes include more evenly paced modules, the ability to communicate and update exercises via the Internet by students, and a more network friendly interface. In addition to new pedagogical changes, instructor¿s will be excited to see that the managerial aspects of this already powerful software got even better with the inclusion of spreadsheet type data to keep track of student performance throughout the year. ... Read more

Book Description

'Shareholder Value' presents a powerful and useful toolkit of market-based perspectives, analytic approaches, valuation techniques, and specific financial metrics for use in everyday business life.

The author helps a broad spectrum of professionals understand the salient points and real world implications of a 'value management' movement which has taken hold in many corporations in the United States and around the world. This movement is being supported by some of the major institutional investors who influence financial markets.

The main goal of 'Shareholder Value' is to help working professionals grasp the concept of value 'creators' and 'destroyers', along with the implications. He also provides tools to measure the success (or failure) of major strategic and operational initiatives and enables corporate managers to understand how shareholder value is created, and then directs behaviour toward 'value-based' planning and action.

Although mainly aimed at the professional market, 'Shareholder Value' will also be of use to students of business and finance as it is intended to provide a comprehensive foundation for important elements of business strategy and acquisition valuation, corporate financial analysis, capital investments, corporate financing and economic value based metrics.

AUTHOR'S REVIEW:

When developing this book, I strived to achieve the following:

* Provide the finance professional and student of finance with a comprehensive template of shareholder value concepts and techniques - geared toward use in a corporate setting.
* Give the non-financial professional an understanding of the underpinnings and behavioural aspects of economic value management.
* Outline and provide details of an effective process for implementing a value-based financial performance system within a corporation.
* ...And, combine learning with enjoyable reading by presenting technical material through a story.

The "story" and "characters" are unique features of Shareholder Value - A Business Experience.The reader can get an appreciation of the environment surrounding value-based management, along with challenges that arise when transitioning from traditional "accounting" performance (where earnings and earnings per share reign supreme) to "economic" performance (where cash flow and return on investment are emphasized).Characters occupying operating and staff roles have been created to represent people that those working inside companies (large, medium and small) may encounter and, also, to invoke some humour.Insights into how to function in different corporate roles can be gained by following the characters through the story.

Presents a combination of analysis and case study in which a strong technical treatment is blended with a fictional case study to offer clarity and explanation
A practical and effective implementation process for a comprehensive financial performance system
Offers a perspective of the role of different corporate and business unit functions in the implementation of value-based financial performance within a company ... Read more