The 37th annual edition of the leading guide to taxation in Britain. This practical and user-friendly guide is a bestseller with students, professionals, accountants and private individuals, explaining in simple terms how the UK tax system works and how best to minimise tax liabilities

This book provides the only introduction to accounting according to German GAAP in English. This is helpful for students attending courses taught in English as well as for professionals in foreign subsidiaries of German companies. The 2nd edition provides a new translation of relevant parts of the German Commercial Code, updates the legal references and extends the exercises and case studies offered.

Finance for non-financial managers - succeed with just four numbers. Finance doesn't have to be complicated. This book shows you how to make better, faster, financially sound business decisions using just four numbers. Effective financial management is at the heart of every successful business but it can seem impenetrable to the non-financial manager; littered with spreadsheets, inexplicable charts and intricate formulae, all washed down with swathes of unintelligible jargon. In reality, successful financial management is all about the management of just these four figures. Knowing what these four figures are, how they relate to each other and most importantly, how they can be managed, is the key to financial success. This is what David Meckin calls 'the 4 figure trick'. Almost every major business failure can be pinned down to the ineffective management of at least one of these critical figures. Focusing on just four figures not only makes the world of financial management more accessible to the non-financial manager, it also greatly simplifies the decision-making process. Full of step-by-step guides, examples and illustrations, The 4 Figure Trick reveals a variety of practical managerial strategies that can significantly enhance the financial performance of any business.

Current debates about taxes are dominated by references to foreign models. The contributors to this book explore how ideas about taxation were transferred between and within countries from the mid-eighteenth century to the present. They send out a word of caution to current policymakers looking for straightforward solutions from abroad.

The reputation of corporate reporting has been in crisis. Trust in the process of financial accounting and auditing has been undermined by a series of high profile scandals involving major corporations, including Enron, Parmalat, Ahold, and Worldcom. In response, regulators and practitioners world-wide have put forward a series of initiatives to repair the damage and restore faith in corporate governance.

In this important book, the European Auditing Research Network analyzes how that response has developed in Europe, with particular emphasis on the field of auditing. Leading international academics review how regulation has been revised in specific European countries to help restore confidence in the contribution of auditing to corporate governance. Various themes are explored, including the growing trend of internationalization in regulation, ethics and auditing, professional liability, and professional education.

Auditing, Trust and Governance is an invaluable volume for students, researchers and professionals working in the fields of auditing, accountancy and corporate governance, and provides a useful basis for further research on the effects of the increased regulation.

The book is aimed at teachers and students as well as practising experts in the financial area, in particular at actuaries in the field of property-casualty insurance, life insurance, reinsurance and insurance supervision. Persons working in the wider world of finance will also find many relevant ideas and examples even though credibility methods have not yet been widely applied here.
The book covers the subject of Credibility Theory extensively and includes most aspects of this topic from the simplest case to the most general dynamic model. Credibility is a lifeless topic if it is not linked closely to practical applications. The book therefore treats explicitly the tasks which the actuary encounters in his daily work such as estimation of loss ratios, claim frequencies and claim sizes.

This book deserves a place on the bookshelf of every actuary and mathematician who works, teaches or does research in the area of insurance and finance.

Kennzahlen werden benotigt, um aus der Flut der Informationen das Wesentliche herauszufiltern, Massstabe aufzustellen, die Situation des Unternehmens objektiv darzustellen und funktionsubergreifende Gesamtzusammenhange herzustellen. Dieses Buch gibt einen umfassenden und praxisorientierten Uberblick uber die Kennzahlen zur Unternehmenssteuerung. Sie erfahren, wie Sie mit diesen Kennzahlen arbeiten und welche Aussagen und Zielsetzungen mit den einzelnen Kennzahlen verbunden sind. Sie erhalten mit diesem Buch einen detaillierten Leitfaden fur die Praxis zum Aufbau und zur Verwendung von aussagefahigen Kennzahlen und Kennzahlensystemen. Mit Hilfe dieses Buches werden Sie in der Lage sein, nicht nur das Unternehmen mit Ist-Werten zu durchleuchten, sondern auch mit Soll-Werten neue Massstabe zu setzen."

Dies ist fur Ratinganalysten das erste Lehr- und Lernbuch in deutscher Sprache. Auch international durfte es kaum einen vergleichbaren Titel geben. Die Aufgaben des "Ratinganalysten" haben zwar in den Finanzsystemen in Amerika, Asien, Europa und auch in Afrika ihren festen Platz, spiegeln sich aber kaum in der Literatur. Auf uber 500 Seiten gibt dieses Rating-Buch eine kompakte Ubersicht mit Lernzielen, Merksatzen, Zusammenfassungen und Ubungsfragen. Mit 35 Autoren folgt es nicht einer einzelnen Lehrmeinung, sondern bildet die Pluralitat ab, die auch fur CRA-Ausbildungsgange kennzeichnend ist."

Ideal for graduate, MBA, and rigorous undergraduate programs, FINANCIAL ACCOUNTING: AN INTRODUCTION TO CONCEPTS, METHODS, AND USES 14e presents both the basic concepts underlying financial statements and the terminology and methods that allows the reader to interpret, analyze, and evaluate corporate financial statements. Fully integrating the latest International Financial Reporting Standards, inclusive of the latest developments on Fair Value Accounting, and now more streamlined for busy students, this text provides the highest return on your financial accounting course investment. With great clarity, this widely respected financial accounting text paces students appropriately as they learn both the skills and applications of basic accounting in earlier chapters as well as the impart the concepts and analysis skills they will use as future business leaders.

Winner of a Shingo Research and Professional Publication Award! At the heart of Lean and Six Sigma is the same, unique business operating system: hoshin kanri. It is a method of strategic planning and a tool for managing complex projects, a quality operating system geared to ensuring that organizations faithfully translate the voice of the customer into new products, and a business operating system that ensures reliable profit growth. The true power of hoshin kanri, however, is two-fold -- it is a superior organizational learning method as well as a competitive resource development system. Hoshin Kanri for the Lean Enterprise, by Tom Jackson, explains how you can implement, identify and manage the critical relationships among your markets, design characteristics, production systems, and personnel to satisfy your customers and beat your competition. This practical workbook provides- A new understanding of hoshin kanri as a grand experimental design implemented through a system of team agreements. Clear explanations of the steps of hoshin kanri. A measure of overall business effectiveness used to determine the focus of corporate strategy. A new, improved X-matrix that incorporates a lean "balanced scorecard" for identifying improvement opportunities and converting them readily into bottom line results as a value stream P&L in terms that financial managers and accountants can understand and support. Downloadable resources containing forms, meeting agendas, and examples of X-matrices that serve marketing and design engineering as well as manufacturing. This workbook will show you the mechanics of implementing hoshin kanri, so that you can systematically improve your brand equity, implement Lean manufacturing and Six Sigma, and integrate your suppliers into a Lean and Six Sigma organization.

European Financial Reporting analyses the revolution that is currently taking place in the financial reporting of the major European companies, following the European Union's decision that from they must present their accounts according to the IASB's standards. The book covers both the theory of financial reporting and its practice at both national and international level. It covers the very latest developments in the EU and the IASB with a detailed analysis of the impact of the Enron scandal.

Since the publication of the second edition of The Credit Risk of Complex Derivatives in 1997, the world of derivatives has gone through a period of dramatic change - in the external operating environment, product and market characteristic and risk management techniques. In the light of these changes, the text has been substantially reorganized, updated and expanded. Several new chapters have been added including: * Derivative losses * Risk governance and risk management efforts * Regulatory initiatives and advances * Credit risk portfolio models Aimed at clients, intermediaries and regulators, this edition will be focused clearly on risk education, risk management and risk disclosure in order to make participation in derivatives more secure, transparent, efficient and beneficial.

Since the publication of the 2nd edition of The Credit Risk of Complex Derivatives in 1997, the world of derivatives has gone through a period of dramatic change in the external operating environment, product and market characteristic and risk management techniques. In the light of these changes, the text has been substantially reorganized, updated and expanded. Several new chapters have been added including: derivative losses risk governance and risk management efforts regulatory initiatives and advances credit risk portfolio models Aimed at clients, intermediaries and regulators, this new edition will be focussed clearly on risk education, risk management and risk disclosure in order to make participation in derivatives more secure, transparent, efficient and beneficial. MARKET 1: Senior Managers; Risk Managers; Compliance Managers; Consultants; Trading and Sales Staff; Quantitative Analysts; Credit Analysts; Regulators MARKET 2: MBA courses

The taxation of equity derivatives and structured products is analyzed in detail by Tony Rumble and his contributors, Mohammed Amin and Ed Kleinbard. The book covers the financial and tax technical analysis of issues relating to equity derivatives and structured products. Part 1 examines the derivatives building blocks and financial market/corporate finance drivers of the equity derivatives and financial products market, and includes case studies of typical and landmark transactions. Part 2 looks at the tax technical rules in each of the target countries - the US, UK and Australia - and examines the specific products highlighted in the first part of the book. Case studies of significant transactions are included where necessary.

This book examines present management accounting issues in the light of Japanese experiences. This is particularly important in the study of management accounting since Japanese management not only learnt from the West but also grew out of it. The book describes the importance and meaning of feed forward management accounting, compares Asian and Japanese management accounting with the Western approach and examines the philosophy behind them. It ends by looking into the future of management accounting science.

The rapid advancement of technology and of Internet commerce in a globalized market has brought change at an unprecedented rate. Credit institutions, manufacturing, merchandising and service companies are finding that their traditional methods and tools for accounting and logistics no longer suffice. They must develop more efficient processes, able to assure management control in real-time, promote transparency in accounts, and make immediate corrective action possible. The earlier they prepare to take advantage of the Internet supply chain, the greater the benefits will be. This book focuses on the most significant developments taking place in the market, their impact on the accounting and finance function, the new efficient logistics solutions, and how new technology effects commerce. Based on an extensive research project in the US, Britain, Germany, France, Austria, Switzerland and Sweden, The Internet Supply Chain explains what can be expected in business opportunities and in cost savings from selling and purchasing through the internet. The author goes on to suggest how accounting and logistics will need to be restructured to cope with, and make the most of the challenges and benefits presented by the Internet supply chain.

This is the first detailed view of the managerial accountant's role and responsibilities in organization setting. Its aim is to foster role development: the opportunity to work at an advanced level of practice. Accounting studies develop technical skills associated with topics, and, responding to defined scenarios but provide very little guidance on what to recognizing and approaching the broad problems or challenges under conditions of uncertainty. It is a double first because it provides the managerial accountant's compass as a general purpose analytical framework for managerial accounting independent of any selected theory and method. The metaphor of a compass creates a mental schema for its four points named (1) goals and principles, (2) boundaries and constraints, (3) methods and models, and, (4) collegial relationships. Dynastic Chinese and some other Central Asian cultures, view the center as a fifth principal direction, giving a total of five points. The center represents a high standard ethical conduct and self-care, or moral compass. Managerial Accountant's Compass offers an integrated and systematic guide to approaching situations that are constantly changing. It gives a protective starting pattern which produces new meanings and awareness of the ambiguity and uncertainty for each situation. Ultimately the managerial accountant's compass can help you make more effective sense of yourself, your expertise and your practice in the organization where you work, which should open career opportunities.

A fundamental objective of Artificial Intelligence (AI) is the creation of in telligent computer programs. In more modest terms AI is simply con cerned with expanding the repertoire of computer applications into new domains and to new levels of efficiency. The motivation for this effort comes from many sources. At a practical level there is always a demand for achieving things in more efficient ways. Equally, there is the technical challenge of building programs that allow a machine to do something a machine has never done before. Both of these desires are contained within AI and both provide the inspirational force behind its development. In terms of satisfying both of these desires there can be no better example than machine learning. Machines that can learn have an in-built effi ciency. The same software can be applied in many applications and in many circumstances. The machine can adapt its behaviour so as to meet the demands of new, or changing, environments without the need for costly re-programming. In addition, a machine that can learn can be ap plied in new domains with the genuine potential for innovation. In this sense a machine that can learn can be applied in areas where little is known about possible causal relationships, and even in circumstances where causal relationships are judged not to exist. This last aspect is of major significance when considering machine learning as applied to fi nancial forecasting."

Dieses Lehrbuch zeigt mit Hilfe - eines systematischen, mit zahlreichen Beispielen aufbereiteten Lehrtextes, - mehrerer, teilweise vertiefender Ubungsaufgaben und detaillierter Losungshinweise, - von Formularen zur manuellen und EDV-unterstutzten Nutzung des auf EXEL aufbauenden Standardsystems "STRELAPLAN" Hintergrunde und Rechentechnik einer in den vergangenen Jahren im Dialog von Forschung, Lehre und Praxis entwickelten Prazisierung und Systematisierung der Plan- und Prozesskostenrechnung. Dementsprechend richtet wendet sich das Buch an Studierende und Vertreter/innen aus Unternehmen. Aus dem Inhalt: Einfuhrung in die Plan- und Prozesskostenrechnung. Plan- und Prozesskostenrechnung als System. Entwicklung der Rechenschemata in praktischer Anwendung. Zur Begrundung und Methodik einer praxisgerechten Plankostenrechnung. Ausblick: Entwicklungslinien einer praxisgerechten Plankostenrechnung. Plankostenrechnung als Instrument einer prazisierten Prozesskostenrechnung. Aufgaben und Losungen. Definitionen. Spezialanwendungen. Formulare mit Formelanzeigen."

The audit profession is at a tipping point. Without significant innovation in its business model, staff recruitment strategies and audit execution processes, the audit profession may not remain relevant in the 21st century. The number of claims against auditors has significantly increased over the past twenty years due to the spate of corporate and audit failures early in the 21st century (Enron, Worldcom, Parmalat, etc.). Regulation to monitor professional and ethical standards has increased, leading audit firms to feel under even more financial pressure. In addition, the investor community is calling for greater insight and foresight from auditors. These challenges, coupled with the unlimited liability regime of auditors still applicable in many jurisdictions, are making audit firms and regulators nervous as to the systemic risk of another one of the Big 4 failing. And yet, the audit profession is in place to protect businesses, their wider stakeholder groups, including clients and investors, and society at large. Therefore, this book asks the important question about the profession's future and engages a broad readership in the discussion of audit failure and reform. Intended to help readers to get up to speed with the issues and possible solutions quickly, this book assists directors, investors, business people and regulators, especially those with a non-financial background, to gain a greater understanding of the challenges and threats being faced by the audit profession, which in turn could disrupt the capital market and affect businesses across the globe. The book outlines the critical success factors needed for a sustainable audit profession.

The Nine Years' War with France was a period of great institutional innovation in public finance and of severe monetary turmoil for England. It saw the creation of the Bank of England; a sudden sharp fall in the external value of the pound; a massive undertaking to melt down and recoin most of the nation's silver currency; a failed attempt to create a National Land Bank as a competitor to the Bank of England; and the ensuing outbreak of a sharp monetary and financial crisis. Histories of this period usually divide these events into two main topics, treated in isolation from one another: the recoinage debate and ensuing monetary crisis and a 'battle of the banks'. The first is often interpreted as the pyrrhic victory of a creditor-dominated parliament over the nation's debtors, one that led very predictably to the ensuing monetary crisis. The second has been construed as a contest between whig-merchant and tory-gentry visions of the proper place of banking in England's future. This book binds the two strands into a single narrative, resulting in a very different interpretation of both. Parliamentary debate over the recoinage was superficial and misleading; beneath the surface, it was just another front for the battle of the banks. And the latter had little to do with competing philosophies of economic development; it was rather a pragmatic struggle for profit and power, involving interlocking contests between two groups of financiers and two sets of politicians within the royal administration. The monetary crisis of summer 1696 was not the result of poor planning by the Treasury; rather it was a continuation of the battle of the banks, fought on new ground but with the same ultimate intent - to establish dominance in the lucrative business of private lending to the crown.

Die Grundungs- und Wachstumsfinanzierung umfasst eine Vielzahl von Massnahmen, die den Unternehmensaufbau- und fruhen Expansionsprozess vor allem junger, innovativer Unternehmen begleitet. Der erste Hauptteil des Werkes enthalt die Darstellung der Beteiligungsfinanzierung, der zweite Hauptteil bringt eine umfassende empirische Analyse des tatsachlichen Entwicklungsprozesses der am Neuen Markt gelisteten Unternehmen unter finanzierungsrelivanten Gesichtspunkten."

Tax Havens for International Business is a special management report that shows how the establishment of a tax haven operation, in any of many locations worldwide, can save more money than any internal tax-shelter programme. This volume provides a comprehensive, step-by-step plan that simplifies the myriad complexities surrounding the formation and incorporation of branch offices and subsidiary companies within such tax havens as the Bahamas, Bermuda, the Cayman Islands, Greece, Hong Kong, Luxembourg, Malta, The Netherlands, Panama, Puerto Rico, and Switzerland. In addition, it presents detailed information on each tax haven's economic, legal, political, cultural and geographical aspects, which must be considered if such an enterprise is to operate successfully.