Called "today's hottest financial idea and getting hotter" by fortune magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa. A revolutionary strategy for creating corporate and shareholder wealth that measures a company's real profitability, it has been adopted by such prominent corporations as Coca-Cola, Eli Lilly, and Siemens AG—with spectacular financial results. Yet, despite its increasing visibility, most executives still only have a vague notion of what EVA is and what it can do for their company. This groundbreaking book explains and clarifies all. Written by Al Ehrbar, a leading business journalist and senior vice president at EVA inventor Stern Stewart & Co., EVA: The Real Key to Creating Wealth provides a complete, accessible overview that examines how exactly EVA works, how it is measured, what it can do to structure incentives for employees, and why it is as potent as it is.

At its most basic, Economic Value Added is a measure of corporate performance that differs from most others by charging profit for the cost of all the capital a company employs, including equity. To help translate principle into real-world practice, Ehrbar presents revealing case histories of EVA success stories, including those of Briggs & Stratton, the U.S. Postal Service, and Coca-Cola, which was catapulted from mediocrity to the number one wealth creator in the world with the addition of EVA.

An in-depth look at a breakthrough idea whose impact is being felt from corporate boardrooms to Wall Street, this indispensable book is must reading for business leaders looking to fully grasp—and profit from—"the real key to creating wealth."

This cash management and investment handbook for nonprofit managers helps managers from diverse backgrounds learn to manage their organization's money. It examines traditional treasury functions including banking and cash flow and explores investment management and strategies for managing excess cash, endowment, and long-term (planned) gifts. It also examines financial management strategies that impact cash flow, including borrowing, risk management, benchmarking, and long-term planning. Addresses the needs of all types and sizes of organizations, from small religious groups and community social service agencies to major cultural institutions and colleges and universities. Includes a diskette with spreadsheet solutions to common financial management problems, such as interest rate calculations, basic yield calculations, financial rations and more.

An accessible and thorough guide to nonprofit investment policy for nonfinancial managers —essential information for maintaining fiscal health and the public trust

The first book to discuss the development of investment policies specifically for nonprofit organizations, Nonprofit Investment Policies helps directors, trustees, and development officers at nonprofits create sound, comprehensive policies for their financial advisors. Covering every element of investment strategy for nonprofits, the book explains investing legal concerns, the investment environment, the internal organization of an efficient charity, how to get started in investment, how to use investment successes as a fund-raising tool, and much more.

Written in language that both financial and nonfinancial managers can understand, Nonprofit Investment Policies includes:

• An exploration of the unique characteristics of nonprofit resources, including endowment management, planned gifts, and socially responsible investing
• A full examination of the legal issues involved in nonprofit investment — the tools officers and directors of charities need to protect themselves from investment liability in an increasingly litigious world
• Case studies from the real world of nonprofit investment showing successful policies in action —and failures that display policy pitfalls to avoid
• Advice on finding and hiring outside advisors, plus an explanation of the essentials of investment accounting and performance reporting
• Tables and checklists to guide nonprofit managers in fiscal decisionmaking.

If a nonprofit organization has any money in the bank, the organization already has an investment policy, however informal. For many nonprofits, managing extra money is such a novel concept that they don't take full advantage of their on-hand resources. But as organizations grow and their financial conditions improve, decision-makers must consider how best to manage and invest these additional funds. The nonprofit organizations Robert P. Fry, Jr. works with understand investing and how to spot and avoid shady investments, as well as how to safeguard assets. Written in language that both financial and non-financial managers can understand, Nonprofit Investment Policies explains the basics of investing, how investing for nonprofits is unique, and how to work with an investment manager.

This is not another get-rich-quick book about picking stocks and bonds. Rather, it is a book on how nonprofits can make good decisions. In the world of investments, good decisions are ultimately more important than the occasional wizardry of an outstanding portfolio manager, for unlike such wizardry, good decisions can be replicated in good times and bad by any organization that is committed to doing so —now, months from now, and years from now.

Clearly written investment policies codify these good decisions, increasing returns on investments and protecting boards and executive directors from possible litigation over the handling of the nonprofit's assets. Fry's principal goal is to provide sufficient information on the overall investment environment so that any organization can comfortably implement investment policies. Nonprofit Investment Policies includes sample investment policies plus analysis and guidance on these policies to help organizations develop the policies that most closely fit their goals and objectives, resources, time constraints, risk tolerance, and limitations.

Risk management and measurement are now, without doubt, the hottest topics in the finance world. Today, quantifying risk management is not only a management tool — but is also used by regulators for banks and finance houses. Beyond Value at Risk provides a comprehensive guide to recent developments and existing approaches to VaR and risk management, going beyond traditional approaches to the subject and offering a new, far-reaching perspective on investment, hedging and portfolio decision-making. The key to this distinctive approach is a new decision rule — the ‘Generalised Sharpe Rule’, and its practical applications. Beyond Value at Risk provides the answers to key questions, including:

• How to implement VaR and related systems in the real world
• How to make vital investment decisions and estimate their effect
• How to make hedging decisions
• How to manage a portfolio

It offers financial professionals, academics and students comprehensive coverage of VaR both in theory and practice.

Finance for the Nonfinancial Manager, Fourth Edition.

If you're a manager, odds are you're playing a larger and more important role in the financial matters of your company. As today's marketplace becomes increasingly competitive, it's essential that all managers have a basic understanding of the tools, objectives, and functions of finance if they are to stay ahead of the competition. Covering the gamut of the "numbers" end of management, Finance for the Nonfinancial Manager helps you develop a sound basis for carrying out strategic financial planning and decision-making responsibilities.

This comprehensive reference has served as an indispensable guide for executives, managers, and small business owners for almost two decades. Now in its fourth edition, this classic has been updated to reflect the latest federal tax and regulatory legislation, and it is filled with new charts, tables, and examples suitable for the needs of today's manager. From basic economic concepts to accounting conventions, the broad range of topics examined in Finance for the Nonfinancial Manager include: cash flow management, banking relationships, security markets, credit policies, and capital acquisition. You'll also find practical guidelines for such important skills as how to:

• Interpret balance sheets.
• Design budgets and P & Ls.
• Apply break-even analyses.
• Decipher financial statements.

  Now more than ever, being a manager in the competitive marketplace requires a solid understanding of key aspects of finance. This revised and expanded edition of Finance for the Nonfinancial Manager shows you how to get a handle on the basic concepts and principles you need to run and maintain a successful business.

Every investment professional involved with the management of pension funds will embrace this wide-ranging handbook. Consisting of articles by an esteemed panel of contributors, it covers the basics as well as the latest on pension fund governance, operations, and value creation.

This book offers 58 cases that combine both the qualitative and quantitative aspects of financial management. The cases are based on real firms, real products, real individuals, and most importantly, real issues and offer a complete picture of the financial management process.

Benefiting from the authors' many years of teaching undergraduate and graduate students and practitioners, here is a clear, comprehensive, practice-oriented text for public budgeting courses. Rather than presenting each budgeting concern in mind-numbing detail, the book offers a commonsensical view of public budgeting and its importance to current and future public managers. The text is designed to show readers how managers relate to budgeting and how their actions make a difference in the operation and performance of public organizations. The book covers the historical development of public budgeting, sources of public revenues, revenue management, budgeting processes and formats, operating techniques, politics within public budgeting, and more. "Budgeting for Public Managers" is concise, clearly written, well illustrated, and grounded in the real-world concerns of public managers. Each chapter concludes with a helpful list of additional reading and resources for readers who want to dig deeper into budgeting practice and application.

The book is based on the research concerning China's National Balance Sheet (NBS) which is conducted by NIFD, the unique research groups in China focusing on NBS. The relative data have been quoted by the IMF, Chinese government sectors, influential investment banks at home and abroad. This book offers readers a unique edited work that systematically presents solutions to manage financial risk in the context of the current situation in China.

Managers need auditors. There are more risks in running an organization than ever before whether it be in the public, private or non--profit sector. With the break--up of the state sector, the ambiguous intermediary role of not for profit organizations, and turbulence in the marketplace through mergers, acquisitions and divestments, the seeds are sown for chaos and a culture in which fraud can flourish. Notorious corporate collapses such as BCCI, Maxwell Communications Corporation and Barings are cases in point. An updated and revised version of the auditing classic The Manager and The Modern Internal Auditor, first published in 1979, this new book highlights the necessity of establishing internal control in organizations and illustrates how internal audit can be a highly effective means to avoid corporate disaster. The authors present a proven formula for organizational success through the joint workings of managers and internal auditors as partners for profit, growth and sustainability. They examine the latest insights into the needs and nature of managerial activity and explain the complementary contribution that internal audit can make. Whether the manager is planning and budgeting, organizing, directing, controlling or formulating strategic policy, the internal auditor s assistance is shown to be invaluable.

Understand Regulation A+ and other alternative funding methods Regulation A+ and Other Alternatives to a Traditional IPO delves into the details of the new SEC rules under the JOBS Act of 2012 to examine the benefits and pitfalls for entrepreneurs and investors. Written by the 'Godfather of Reg A+, ' this book breaks down the complex details of Regulation A+ and other alternative funding methods to help small businesses determine how best to go public and raise capital. A traditional IPO comes with barriers that can be insurmountable for a small company seeking to enter the public markets; thus far, reverse mergers have provided a challenging 'back door' to the market, but Regulation A+ re-opens the front door to allow small cap companies to raise capital while keeping offering and compliance costs manageable in a way not possible with a traditional IPO. More complex than simple crowdfunding, yet just as accessible by all investors, Regulation A+ is a step up for entrepreneurs at any stage wanting to go public where Wall Street meets Main Street. Straightforward explanations, smart strategy, and illustrative examples make this book an invaluable guide for those seeking to truly understand the nuances of Regulation A+ in order to work more effectively within its bounds. Understand how Regulation A+ differs from a traditional IPO and the early experience with this exciting new approach Examine the JOBS Act and the SEC's rules under Title IV Explore the past, present, and future of reverse mergers, special purpose acquisition companies (SPACs) and self-filings Discover new alternatives including new rules under Rule 504 and Regulation S The new rules provide a faster, more streamlined, more cost-effective route to up to $50 million in capital, and offer companies more flexibility than ever. Every entrepreneur needs to know all available funding options, and Regulation A+ and Other Alternatives to a Traditional IPO provides essential guidance from the expert in the field.

Packed with current examples from companies you know, CONTEMPORARY FINANCIAL MANAGEMENT, 14e, equips you with the knowledge and skills to enhance enterprise value, manage risk, and effectively manage cash flow. Completely up to date with the latest developments from the field, the text explores the international aspects of financial management, the ethical behavior of managers, the unique finance-related concerns of entrepreneurs, and the effects of the 2008-2009 recession. Chapter-opening "Financial Challenges," integrative cases, and other learning features highlight critical concepts and enable you to apply what you learn to real-world practice. Excel (R) templates allow you to use technology to achieve financial management objectives.

Focuses on how to be competitive through pricing services based upon value to the client. Contains excellent advice on managing cost, contract types, pricing change orders, cost accounting techniques, negotiating methods, liability considerations, bidding approaches and much more.

The sixth edition of Short-Term Financial Management covers material pertinent to courses covering the management of firm liquidity, working capital, and the treasury function. The textbook provides a comprehensive overview of these vital topics and also introduces many of the topics that must be mastered to earn the Certified Treasury Professional (CTP) certification. Unit I examines the relationship between firm value and short-term financial management and provides in-depth coverage of the tools used to assess and benchmark firm liquidity. Throughout this unit, the cash conversion cycle is used as a pedagogical tool to connect liquidity management to overall firm value. Unit II reviews the costs and benefits of carrying inventory, accounts receivable, and accounts payable on the balance sheet. Unit III covers the essentials of corporate cash management, including payment systems, bank relationship management, and optimizing liquidity flows (e.g., disbursements, collections, and concentration cash flows). Lastly, Unit IV reviews cash flow forecasting, short-term investing, short-term borrowing, and financial risk management. The Test Your Understanding activities in each chapter reinforce critical topics, and end-of-chapter review questions and problems encourage critical thinking. Introducing students to practical applications of short-term financial management, the text is ideal for courses in financial management and corporate finance.

Stay liquid, think global, and better manage resources with this authoritative guide Working Capital Management is a comprehensive primer on keeping your business financially competitive in the face of limited access to short-term funds. With detailed insight applicable to each phase in the business cycle, this authoritative guide helps managers revamp current practices for more efficient use of assets and liabilities, including more stringent monitoring and planning of collections, disbursements, and balances. Readers will learn how to minimize investments in idle resources, and how to maximize the use of forecast data to better identify risk and the optimal use of available funds. Case studies illustrate the practical applications of the ideas presented, with particular attention given to cash budgeting, forecasting, banking relationships and other common scenarios with specific requirements. Managing a company s short-term resources is both an art and a science. Effectively maintaining funds for ongoing activities and keeping those funds liquid, mobile, and available is a masterful skillset lacking in business. Working Capital Management offers practical advice for managers in this challenging position, providing guidance that helps them: * Learn the specific metrics at work in capital management, and the problems that they can cause * Improve cash management with robust fraud protection and better use of short-term instruments * Manage the issues that arise from accounts receivable, inventory, payables, information management, and international sources * Develop an effective management system for key points in the working capital cycle The recent liquidity crisis in the U.S. has thrown the spotlight onto those companies that have adjusted well to credit contraction and the weakened economy, and these success stories some of which are noted in the book demonstrate that a positive business outcome can be accomplished. Working Capital Management provides a clear look at a complex issue, with practical, actionable, sustainable advice.

In the aftermath of the financial crisis, the spotlight is even more on the role and activities of the CFO. Specifically, CFOs need to accelerate three aspects of their role: develop dynamic and distinctive risk management capabilities, motivate and align increasingly diverse work providers, and design and operate effective financial processes for internal and external customers. The winning CFOs in the next decade will be the ones who get the basics right, who prioritise their efforts, and who invest in the leadership development that creates the institutional capacity to achieve and sustain leading industry performance. CFOs need to embrace the new challenges and opportunities created by the financial crisis. The New CFOs provides the fundamental road map to success in this new environment for finance officers, their teams, and the organizations who employ them.

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the table Emphasises a step-by-step approach within a comprehensive, cross-referenced format Includes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or required Provides detailed reference points for more experienced practitioners Draws from the authors' experience and practice in PPP markets worldwide to provide a perspective on practical application of the key underlying principles Includes an extensive glossary of technical and financial terms used in the PPP sector

Written in highly readable layman's language, Fundamentals of Venture Capital is a concise introduction to the key issues facing both investors and entrepreneurs as they embark on the journey of turning a good idea into a profitable reality.

Hardbound. The 10th volume in the Best of Long Range Planning Series focuses on the role of shareholder value as a key tool to evaluating strategic options. Within limits the concept has an essential part to play in strategic management. However, the authors argue that it should not be the only approach used as customer focus and employee development are also crucial. By learning the lessons propounded in this volume, companies can avoid inappropriate predation, generate attractive returns for shareholders and provide a sound platform from which to launch and sustain successful customer driven strategies and lasting competitive advantage.

Now in its fifth edition, this acclaimed text explains how to prepare, analyse, and interpret information from financial statements.New and distinctive features of this editionBanks: an entirely new chapter explains the financial statements of banks, and covers the effect of legal and regulatory requirements on the financial performance of banks.Spotlight on earnings quality analysis and earnings management: issues in understanding earnings quality and earnings management are explained with real-world examples. Chapter vignettes: a tone-setting vignette at the start of every chapter helps students to relate to the key issues covered in the chapter.Emphasis on thinking: accounting involves making significant decisions at every level of management. This text provides many opportunities for students to think about the considerations that go into making accounting judgements.New cases studies: new case studies on Tata Consultancy Services, Biocon, UBS, Reebok India, Nobles Crus, Essar Oil, HDFC, Kingfisher Airlines, Reliance Communications, and ICICI Bank have been added.Student-friendly approach: ideas are explained in a simple style using everyday language. No prior knowledge of business is assumed. Common doubts in understanding accounting are addressed.New material and updates: new material has been added to many chapters, including revenue recognition, pro forma financial measures, whistle-blowing, fraudster profile, cloud computing, statement of changes in equity, and management communications. The content has also been updated to include the effect of the Companies Act 2013 and changes in Indian accounting standards and international financial reporting standards.

"A Guide to SME Finance" is a brief guide to designing and implementing an SME finance program within a commercial bank or other financial institution, such as an NGO. This work covers the rationale behind SME finance - why it makes sense for a bank to enter this market sector, followed by a step-by-step approach to designing and implementing the program. Munro highlights the need to automate the lending process, and offers a lengthy description of how this can be accomplished. Examples of loan application, analysis, and approval forms and templates are included along with instructions for use. Additional formats are provided for loan officer goals and periodic reviews, portfolio and relationship profitability management, as well as a model credit score card to use as a 'sift' for loan applicants.

An in-depth, enlightening look at the integrated reporting movement The Integrated Reporting Movement explores the meaning of the concept, explains the forces that provide momentum to the associated movement, and examines the motives of the actors involved. The book posits integrated reporting as a key mechanism by which companies can ensure their own long-term sustainability by contributing to a sustainable society. Although integrated reporting has seen substantial development due to the support of companies, investors, and the initiatives of a number of NGOs, widespread regulatory intervention has yet to materialize. Outside of South Africa, adoption remains voluntary, accomplished via social movement abetted, to varying degrees, by market forces. In considering integrated reporting s current state of play, the authors provide guidance to ensure wider adoption of the practice and success of the movement, starting with how companies can improve their own reporting processes. But the support of investors, regulators, and NGOs is also important. All will benefit, as will society as a whole. Readers will learn how integrated reporting has evolved over the years, where frameworks and standards are today, and the practices that help ensure effective implementation including, but not limited to an extensive discussion of information technology s role in reporting and the importance of corporate reporting websites. The authors introduce the concepts of an annual board of directors Statement of Significant Audiences and Materiality and a Sustainable Value Matrix tool that translates the statement into management decisions. The book argues that the appropriate combination of market and regulatory forces to speed adoption will vary by country, concluding with four specific recommendations about what must be done to accelerate high quality adoption of integrated reporting around the world.

BPP Learning Media's unique Passcards make the best use of your revision time. They summarise key topics to jog your memory and are packed with exam and assessment targeted guidance. Their innovative card format helps you revise at a glance. They are part of a market leading suite of materials BPP Learning Media has produced to help support students.