"The Portable MBA in Finance and Accounting" by Theodore Grossman, John Leslie Livingstone

The Portable MBA in Finance and Accounting covers all the core methods and techniques you would learn in business school, using real-life examples to deliver clear, practical guidance on finance and accounting. The new edition also includes free downloadable spreadsheets and web resources.

For years, the Portable MBA series has tracked the core curricula of leading business schools to teach you the fundamentals you need to know about business-without the extreme costs of earning an MBA degree.
If you’re in charge of making decisions at your own or someone else’s business, you need the best information and insight on modern finance and accounting practice. This reliable, information-packed resource shows you how to understand the numbers, plan and forecast for the future, and make key strategic decisions. Plus, this new edition covers the effects of Sarbanes-Oxley, applying ethical accounting standards, and offers career advice.

• Completely updated with new examples, new topics, and full coverage of topical issues in finance and accounting—fifty percent new material
• The most comprehensive and authoritative book in its category
• Teaches you virtually everything you'd learn about finance and accounting in today's best business schools

Whether you’re thinking of starting your own business or you already have and just need to brush up on finance and accounting basics, this is the only guide you need.

TOC
Part I 
Financial Accounting
Part II Financial Management
Part III Business Entities
Part IV Management Accounting
Part V Planning and Strategy
Part VI Advanced Topics
Glossary
Index

Contents detail
List of Downloadable Materials
Syllabus
Preface
Acknowledgements
About the Contributors
Part I - Financial Accounting
Chapter 1 - Understanding Financial Statements
What Are Financial Statements? A Case Study
Points to Remember about Financial Statements
Financial Statements: Who Uses Them and Why
Financial Statement Format
Guide to SEC Filings
The Notes to the Financial Statements
Financial Accounting Standards
From GAAP to IFRS
Summary and Conclusions
Internet Links
For Further Reading
Chapter 2 - Analyzing Financial Statements
How to Analyze Financial Statements
Using Financial Ratios
Combining Financial Ratios
The Z-Score
Summary and Conclusions
Internet Links
Notes
For Further Reading
Chapter 3 - Analyzing Business Earnings
The Nature of Nonrecurring Items
The Process of Identifying Nonrecurring Items
Nonrecurring Items in the Income Statement
Nonrecurring Items in the Statement of Cash Flows
Interpreting Information in the Operating Activities Section
Nonrecurring Items in the Inventory Disclosures of LIFO Firms
Nonrecurring Items in the Income Tax Note
Nonrecurring Items in the Other Income and Expense Note
Nonrecurring Items in Management’s Discussion and Analysis (MD&A)
Nonrecurring Items in Other Selected Notes
Earnings Analysis and Other Comprehensive Income
Summarizing Nonrecurring Items and Determining Sustainable Earnings
Role of the Sustainable Earnings Base
Application of the Sustainable Earnings Base Worksheet: Pfizer, Inc.
The Pfizer Worksheet Analysis: Downloadable Tool 3.38
Summary
Internet Links
Annual Reports Referenced in the Chapter
Notes
For Further Reading
Part II - Financial Management
Chapter 4 - Discounted Cash Flow
Time Value of Money
Future Value
Present Value
Annuities
Amortized Loans
Summary
For Further Reading
Chapter 5 - Capital Structure
Risk and Return
Portfolio Risk
Capital Asset Pricing Model
Cost of Capital
Cost of Debt and Equity Capital
Weight of Debt and Equity Capital
Capital Structure Theory
Capital Structure in Practice
Bond Valuation
Equity Valuation
Conclusion
Online Content
Chapter 6 - Planning Capital Expenditure
The Objective: Maximize Wealth
Computing NPV: Projecting Cash Flows
Initial Cash Outflow
Cash Flows in Later Years
Treatment of Net Working Capital
Depreciation
Windfall Profit and Windfall Tax
Taxable Income and Income Tax
Interest Expense
Putting the Pieces Together to Forecast Cash Flow
Guiding Principles for Forecasting Cash Flows
Computing NPV: The Time Value of Money
Discounting Cash Flows
Summing the Discounted Cash Flows to Arrive at NPV
Outsourcing and the Build/Buy Decision
The Discount Rate
Weighted Average Cost of Capital
The Effects of Leverage
Divisional versus Firm Cost of Capital
Other Decision Rules
Internal Rate of Return
Innovations in Capital Budgeting
Summary and Conclusions
For Further Reading
Chapter 7 - Global Finance
Currency Exchange Rates: A Case of Individual Investing
Currency Exchange Rates: A Case in China with Country Risk
Local Partner: Robinson Investment Case
Unknown Rental Cars Borrowing Case: January 1, 1985
Theory: Interest Rate Parity
Theory: Purchasing Power Parity
Futures and Options
Summary
For Further Reading
Part III - Business Entities
Chapter 8 - Choosing a Business Form
The Consulting Firm
The Software Entrepreneur
The Hotel Venture
The Purpose of This Chapter
Business Forms
Comparison Factors
Formation of Sole Proprietorships
Formation of Partnerships
Formation of Corporations
Formation of Limited Partnerships
Formation of Limited Liability Companies
Out-of-State Operation of Sole Proprietorships and Partnerships
Out-of-State Operation of Corporations, Limited Partnerships, and Limited …
Recognition of Sole Proprietorships as Legal Entities
Recognition of Partnerships as Legal Entities
Recognition of Corporations and Limited Liability Companies as Legal Entities
Recognition of Limited Partnerships as Legal Entities
Continuity of Life
Transferability of Interest
Control
Liability
Taxation
Choice of Entity
Conclusion
Problems
For Further Reading
Chapter 9 - Taxes and Business Decisions
The Business
Unreasonable Compensation
Making the Subchapter S Election
Acquisition
Executive Compensation
Sharing the Equity
Vacation Home
Like-Kind Exchanges
Dividends
Estate Planning
Spin-Offs and Split-Ups
Sale of the Corporation
Conclusion
Problems
For Further Reading
Chapter 10 - The Integrity of Financial Reporting
Introduction
Restatements of Previously Published Financial Statements
Asleep at the Switch
The Remedies
It’s Not Just the Private Sector
Summary and Conclusions
For Further Reading
Part IV - Management Accounting
Chapter 11 - Forecasts and Budgeting
The Concept of Budgeting
Functions of Budgeting
Reasons for Budgeting
Effective Budgeting
Developing a Budget
Forecasting
Fixed Budgets versus Flexible Budgets
The Profit Plan
The Budget Review Process
Recent Trends
Internet Link
For Further Reading
Chapter 12 - Cost Structure Analysis, Profit Planning, and Value Creation
Estimating Cost Structure from Publicly Available Information
Pitfalls
Profit Planning from an Internal Perspective
Pricing in CVP Analysis
Predatory Pricing
Dumping
Chapter 13 - Activity-Based Costing
Basics of Activity-Based Systems
Reflections
What an ABC Systems Is and Is Not
Lessons from Japan
Summary
Part V - Planning and Strategy
Chapter 14 - Business Planning
How This Chapter Fits in a Typical MBA Curriculum
Who Uses This Material in the Real World
The Story of Your Business
Types of Plans
From Glimmer to Action: The Process
The Story Model
The Business Plan
Conclusion
Other Resources
Internet Links
For Further Reading
Chapter 15 - Financial Management of Risks
What Went Wrong: Case Studies of Derivatives Debacles
Size of the Derivatives Market and Widespread Use
The Instruments
How to Choose the Appropriate Hedge
Summary and Final Recommendations
For Further Reading
Chapter 16 - Business Valuation
Three Approaches to Value
Different Types of Buyers
An Overview of the Business Valuation Process
The Fundamental Position of the Firm
Financial Statement Analysis
Ratio Analysis
Comparison to Industry Averages
Valuation Methods
Debt-Free Analysis
Cost of Capital
Adjustments to Earnings for Valuation Purposes
Income Approach: Discounted Cash Flow Method
Discount Rate for the Valuation Model
Market Approach: Publicly Traded Guideline Companies Method
Reconciliation of Valuation Methods
Adjustment for Illiquidity
Valuation Conclusion for Acme
Valuing Minority Interests
Business Valuation Standards
Value Engineering
Summary
For Further Reading
Chapter 17 - Profitable Growth by Acquisition
Definitions and Background
Recent Trends and the Performance Record of Mergers and Acquisitions
Anatomy of a Successful Acquirer: The Case of Cisco Systems Inc.
Creating Value in Mergers and Acquisitions
Some Practical Considerations
Successful Postmerger Implementation
Summary and Conclusions
References
Chapter 18 - Outsourcing
Motivation to Outsource
Domestic versus Offshore Outsourcing
Issues with Using Offshore Providers
Risks and Challenges of Outsourcing
Determining Success
Outsourcing a Process or a Project
Summary
Internet Links
Notes
For Further Reading
Part VI - Advanced Topics
Chapter 19 - Information Technology and You
Introduction
Hardware
Software
Networking
Data
The Future—Today, Tomorrow, and Next Week
For Further Reading
Chapter 20 - Information Technology and the Firm
Historical Perspective
Information Systems
Organizational Productivity
Managing IT Resources
Information Technology Strategy
Conclusion
Internet Links
For Further Reading
Chapter 21 - Careers in Finance
Overview: What Is the Marketplace for MBAs?
Career Opportunities in Finance
Your Career Plan/Your End Game
Aiming for Your Goals
Implementing Your Strategy
Networking
Assessing Opportunities
Closing Thoughts: Coping with the Challenges
Notes
Glossary
Index

nitroflare
www.depositfiles.com/files/1zow5cha9