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Finance and Accounting for Nonfinancial Managers

by: Droms, William G.

Finance and Accounting for Nonfinancial Managers

by: Droms, William G.

ISBN 13:
9780465018499
ISBN 10:
0465018491
Edition: 6th
Format: Paperback
Copyright: 06/22/2010
Publisher: Basic Books

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Summary

Packed with step-by-step examples and illustrative case studies and updated to reflect the latest changes in policy and the financial crisis of 2008-2009, Finance and Accounting for Nonfinancial Managers is a nuts-and-bolts guide for managers, entrepreneurs, seasoned executives, teachers, and students alike. Featuring new chapters on corporate governance, mergers and acquisitions, and international finance, as well as updated interactive templates, Power Point slides to accompany each chapter, and an instructor's guide on the Web, Finance and Accounting for Nonfinancial Managers covers all major aspects of financial management, including:

Preface	p. xiii
Introduction
Contemporary Financial Management	p. 3
(R)evolution of the Finance Function	p. 3
Goals of Financial Management	p. 6
Organization and Structure of the Book	p. 7
Conclusion	p. 9
Summary	p. 9
The Tax Environment	p. 12
Organizational Form and Taxes	p. 12
Corporate Income Taxes	p. 14
Personal Income Taxes	p. 19
Subchapter S Corporations	p. 21
Summary	p. 22
Financial Accounting Fundamentals
Introduction to Financial Statements	p. 27
Objectives of Financial Accounting	p. 27
The Auditor's Opinion	p. 30
The Balance Sheet	p. 33
Book Value of Securities	p. 39
The Income Statement	p. 41
Supplemental "Pro Forma" or "Operating" Earnings	p. 44
Accumulated and Retained Earnings	p. 44
Statement of Cash Flows	p. 45
Sarbanes-Oxley and Financial Statements	p. 47
Summary	p. 47
Accounting-A Financial Information System	p. 50
The Accounting Process	p. 50
The Accrual Concept	p. 50
Double-Entry Accounting	p. 53
The Accounting Cycle	p. 60
Summary	p. 66
Special Topics in Accounting	p. 67
Changes in the Equity Account	p. 67
Depreciation Accounting	p. 69
Inventory Accounting	p. 74
Accounting for Leases	p. 79
Intercorporate Investments	p. 80
Summary	p. 81
Financial Analysis and Control
Financial Statement Analysis	p. 87
Objectives of Financial Statement Analysis	p. 87
Ratio Analysis	p. 88
Common-Size Statements	p. 95
Sequence of Analysis	p. 96
Case Study: Technosystems, Inc.	p. 97
Financial Analysis, Financial Fraud, and Financial Stress	p. 103
Summary	p. 104
Financial Forecasting and Cash Budgeting	p. 107
Objectives of Financial Forecasting	p. 107
Short-Term Forecasts and Cash Budgeting	p. 107
Financial Forecast for the Cutler Toy Company	p. 108
Long-Term Financial Planning	p. 121
Summary	p. 124
Breakeven Analysis for Profit Planning	p. 126
Assumptions of Breakeven Analysis	p. 126
Breakeven Applications	p. 127
The Breakeven Technique	p. 128
Breakeven Charts	p. 131
Nonlinear Breakeven Analysis	p. 135
Summary	p. 136
Working Capital Decisions
Working Capital Policy	p. 141
Importance of Working Capital Policy	p. 141
Short-Term Versus Long-Term Financing	p. 142
Relative Magnitude of Working Capital Investment	p. 147
Inventory Control Policy	p. 149
Credit Policy	p. 150
Accounts Payable Payment Policy	p. 151
Summary	p. 152
Working Capital Management	p. 154
Management of Cash and Marketable Securities	p. 154
Accounts Receivable Management	p. 158
Inventory Management	p. 161
Sources of Short-Term Financing	p. 164
Summary	p. 169
Mathematical Derivation of Economic Order Quantity	p. 170
Long-Term Investment Decisions
Mathematics of Compound Interest	p. 175
Compound Interest	p. 175
Present Value	p. 180
Present Value of an Annuity	p. 181
Compound Value of an Annuity	p. 183
Application to Personal Decision Making	p. 186
Summary	p. 189
Capital Budgeting	p. 191
Payback	p. 191
Net Present Value	p. 192
Internal Rate of Return	p. 194
Profitability Index	p. 197
Selection of Method	p. 198
Dealing with Uncertainty	p. 200
Case Study: Droppitt Parcel Company	p. 201
Summary	p. 203
Cost of Capital	p. 205
Cost of Capital Defined	p. 205
Marginal Cost and Capital Budgeting	p. 207
Calculating the Average Cost of Capital	p. 208
The Capital Asset Pricing Model	p. 212
Capital Structure Management	p. 213
Summary	p. 215
Long-Term Financing Decisions
Valuation of Financial Assets	p. 221
Capitalization-of-Income Method	p. 221
Selecting Appropriate Capitalization Rates	p. 222
Bond Valuation	p. 224
Preferred Stock Valuation	p. 227
Common Stock Valuation	p. 229
Summary	p. 234
Valuing Closely Held Businesses	p. 236
Valuation Principles	p. 236
Revenue Ruling 59-60	p. 236
Case Analysis: Valuing Home Medical Care, Inc.	p. 239
Summary	p. 247
Sources and Forms of Long-Term Financing	p. 250
The Money and Capital Markets	p. 250
Intermediate- and Long-Term Debt	p. 251
Lease Financing	p. 254
Preferred Stock	p. 257
Common Stock	p. 258
Dividend Policy	p. 260
Summary	p. 264
Special Topics in Finance
Governance and Risk Management	p. 269
Basics of Corporate Governance	p. 269
Directors' Fiduciary Duties	p. 270
Daily Governance of the Corporation	p. 271
Risk Management	p. 272
Summary	p. 274
International Finance	p. 276
Currencies	p. 276
Futures, Options, and Swaps	p. 279
Money Markets	p. 281
Capital Markets	p. 282
Summary	p. 283
Mergers and Acquisitions	p. 284
A Brief History of Mergers and Acquisitions	p. 284
How Companies Can Work Together	p. 285
How and Why to Do an Acquisition	p. 287
The Politics and Economics of Acquisitions	p. 289
LBOs, Hostile Takeovers, and Reverse M & A	p. 290
Summary	p. 293
Index	p. 295
Table of Contents provided by Ingram. All Rights Reserved.

Amazon no longer offers textbook rentals. We do!

Finance and Accounting for Nonfinancial Managers

Finance and Accounting for Nonfinancial Managers

9780465018499

0465018491

Summary

Author Biography

Table of Contents

Supplemental Materials

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