A true crash course in accounting--finally available outside of corporate training programs

Seamlessly bridging academic accounting with real-life applications, Crash Course in Accounting and Financial Statement Analysis, Second Edition is the perfect guide to a complete understanding of accounting and financial statement analysis for those with no prior accounting background and those who seek a refresher.

Written by accomplished investment bankers in a clear and easy-to-follow style, the Second Edition is filled with case studies, exercises, practical applications, and real-world examples that test and reinforce concepts.

With new examples, an expansion of IFRS/GAAP discussion, and more exercises, the Second Edition equips novices with the necessary tools to put basic accounting and financial statement analysis skills to immediate use in their careers.

This book presents an economic analysis of the causes and consequences of institutional change in ancient Athens. Focusing on the period 800-300 BCE, it looks in particular at the development of political institutions and taxation, including a new look at the activities of individuals like Solon, Kleisthenes and Perikles and on the changes in political rules and taxation after the Peloponnesian War.

Delve into ETFs for smarter investing and a weatherproof portfolio Beyond Smart Beta is the investor's complete guide to index investing, with deep analysis, expert clarification and smart strategies for active portfolio management. From the general to the obscure, this book digs into every aspect of Exchange Traded Funds (ETFs) including ETCs and ETNs to break down the jargon and provide accessible guidance on utilising the indices as part of a more productive investment strategy. Succinct explanations of terms and concepts help you better grasp ETP anatomy, mechanics and practices, while examples, charts and graphs provide quick visual reference for total understanding. The expert author team examines the risks and benefits associated with various indexing approaches, sharing critical review of next-generation methods to help you make well-informed investment decisions. ETFs provide a solid foundation within mature and well-researched markets, allowing investors to focus on areas where active management has the potential to reap higher returns. This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term. * Assess the current landscape and the anatomy of ETFs/ETPs * Understand ETP handling, costs, trading, and investment * Evaluate the pros and cons of next-generation indexing approaches * Avoid risk while incorporating indices into an active portfolio management strategy Index concepts have evolved from basic, passive investments through Smart Beta, and are evolving into a third generation of products that will quickly become an important element of investor portfolios. Key benefits have propelled ETFs to surpass hedge funds in global capital, and the growth shows no sign of slowing. Beyond Smart Beta provides a primer for investors seeking to understand and take advantage of these lucrative new products.

"Applied C# in Financial Markets" covers all the aspects of C# relevant to practitioners working in financial sector. It contains a practical workshop which builds on the material in the book, guiding you through all the stages of building a multiple model options calculator. An accompanying website features examples, illustrations and solutions to the workshops and a downloadable application to complement the book."Features examples and illustrations taken from a sample trading application, making the book relevant to those working in the financial markets.""Provides a quick start to C# for financial professionals to hit the ground running in building financial applications.""Workshops illustrate building an options calculator, exploring the various elements in C# as they progress."

The easy money that flowed through the banking system prior to 2008 fuelled a boom in buy-outs. Now it is gone, how will the private equity industry reinvent itself? This book features a series of interviews with some of the most respected and innovative firms and gives rare insights to the strategies that will drive this secretive sector over the next economic cycle.

This book is focused on the recent developments on problems of probability model uncertainty by using the notion of nonlinear expectations and, in particular, sublinear expectations. It provides a gentle coverage of the theory of nonlinear expectations and related stochastic analysis. Many notions and results, for example, G-normal distribution, G-Brownian motion, G-Martingale representation theorem, and related stochastic calculus are first introduced or obtained by the author. This book is based on Shige Peng's lecture notes for a series of lectures given at summer schools and universities worldwide. It starts with basic definitions of nonlinear expectations and their relation to coherent measures of risk, law of large numbers and central limit theorems under nonlinear expectations, and develops into stochastic integral and stochastic calculus under G-expectations. It ends with recent research topic on G-Martingale representation theorem and G-stochastic integral for locally integrable processes. With exercises to practice at the end of each chapter, this book can be used as a graduate textbook for students in probability theory and mathematical finance. Each chapter also concludes with a section Notes and Comments, which gives history and further references on the material covered in that chapter. Researchers and graduate students interested in probability theory and mathematical finance will find this book very useful.

Simply put, most entrepreneurial start-ups fail. Those fortunate enough to succeed then face a second, major challenge: how to grow. This book focuses on the key questions an entrepreneur must answer in order to grow a business. Based on extensive research of more than fifty successful growth companies, "Grow to Greatness" discusses the top ten growth challenges and how to overcome them.
Author Edward D. Hess dispels the myth that businesses must grow or die. Growth can create value. But, too much growth too fast outstrips effective processes, controls, or management capacity. Viewing growth as "recurring change," "Grow to Greatness" lays out a framework for how to approach business development--and how to manage its risks and pace.
The book then takes readers through chapters that explore whether the time is right to grow, how to do it, and how to manage the vital reality that growth requires the right leadership, culture, and people. Uniquely, this book aims to prepare readers for the day-to-day reality of growth, offering up the lived experiences of eleven entrepreneurs. Six workshops to assess where readers stand now and a suite of templates that will prove to be useful over time help bring the book's teachings to life. After reading this book, entrepreneurs will have a real understanding of their readiness to grow and place in the growth cycle, as well as a concrete action plan for where to take their businesses next.
Many books address how to start a business, but this is a unique, go-to resource for readers who want to learn how to thrive beyond the start-up phase.

A growing body of evidence suggests that financial literacy plays an important role in financial well-being, and that differences in financial knowledge acquired early in life can explain a significant part of financial and more general well-being in adult life. Financial technology (FinTech) is revolutionizing the financial services industry at an unrivalled pace. Views differ regarding the impact that FinTech is likely to have on personal financial planning, well-being and societal welfare. In an era of mounting student debt, increased (digital) financial inclusion and threats arising from instances of (online) financial fraud, financial education and enlightened financial advising are appropriate policy interventions that enhance financial and overall well-being. Financial Literacy and Responsible Finance in the FinTech Era: Capabilities and Challenges engages in this important academic and policy agenda by presenting a set of seven chapters emanating from four parallel streams of literature related to financial literacy and responsible finance. The chapters in this book were originally published as a special issue of The European Journal of Finance.

Due to the many changes over the past two decades, the bilingual courses I now teach at Cornell University and NYU Shanghai differ greatly from the Business Chinese courses I taught at the beginning of my teaching career. Although language instruction is still important, the business component - often informed by knowledge of history and culture - has become central to the course. This book is the culmination of my collection, selection, and editing of video materials over a decade. It reflects a combination of my teaching experiences at three universities and continual deliberation and revision. Forty years have passed since China started down the road of reform and opening-up. Although many of the trials and tribulations that China has experienced in the past four decades are far beyond the scope of this small book, all of the cases introduced here touch upon important historical aspects and demonstrate different perspectives when "China met the world." My hope is that readers of this book will appreciate the exciting and critical moments when China changed the world and the world changed China, so as to be intellectually more ready to envision the larger challenges that China will inevitably face when it continuously "meets the world." I also hope that the readers all over the world will gain a deeper understanding of Chinese language, history, and business culture through the bilingual resources that follow.

A lively history of one of America's oldest publishing houses, published in conjunction with Wiley's bicentennial

Founded in New York City when Thomas Jefferson was president, Wiley has been a significant player in the publishing industry for two centuries. Now, on the occasion of Wiley's bicentennial, a distinguished team of authors brings Wiley's rich history to life, showing how the company has reacted to trends within the publishing industry as well as to larger economic, social, and cultural forces. "Knowledge for Generations" sheds light on the long-term strengths and weaknesses of Wiley's business, illuminates the continuities and changes over time, and shows how family ownership has influenced the company's strategies, values, and corporate culture. Drawing on unrestricted access to company archives and interviews with key executives, the authors capture a story of sustained business success, intriguing personalities, and dramatic changes in the industry. Illustrated throughout with illuminating photographs and graphics, "Knowledge for Generations" is a must-read for anyone interested in the history of publishing.

WAhrungsanlagen hatten lange Zeit in weiten Teilen der BevAlkerung keinen besonders guten Ruf. Dies hat sich erst in den letzten Jahren, dafA1/4r aber schlagartig geAndert. Die Staatsschuldenkrise in Europa hat massive Sorgen vor einem Zusammenbruch der europAischen GemeinschaftswAhrung geschA1/4rt. Dies macht fremde WAhrungen als Geldanlage attraktiv. Und auch das niedrige Zinsniveau lAsst viele fremde WAhrungen mit ihren deutlich hAheren Zinsen lukrativ erscheinen. DarA1/4ber hinaus setzt sich zunehmend die Erkenntnis durch, dass WAhrungen per se kein Risiko sein mA1/4ssen, sondern wohldosiert die eigene Geldanlage bereichern kAnnen. WAhrungsanlagen sind auch fA1/4r "Normalsparer" geeignet, da - anders als von vielen angenommen - dafA1/4r nicht zwingend ein separates FremdwAhrungskonto erforderlich ist. "Einfach richtig Geld verdienen mit WAhrungen" ist ein Einsteigerbuch fA1/4r Anleger, die nachhaltig erfolgreich mit FremdwAhrungen Geld verdienen wollen. Nach einer EinfA1/4hrung mit einer kurzen Geschichte der WAhrungen stellt Chris-Oliver Schickentanz die verschiedenen Instrumente der WAhrungsanlage dar. Es folgt eine EinfA1/4hrung in die Prognose von WAhrungsentwicklungen und eine Auseinandersetzung mit den Risiken einer derartigen Anlage. Im Anschluss werden praktische Hinweise zur Anzahl der sinnvollen FremdwAhrungspositionen und ein A berblick A1/4ber die gAngigsten FremdwAhrungen gegeben. Konkrete Tipps zum Investieren in FremdwAhrungen und ein Glossar runden das Buch ab. Der Leser profitiert von den Erkenntnisssen, die Chris-Oliver Schickentanz in der Praxis gewinnen konnte. Dieses Praxiswissen macht das Buch zu einer unentbehrlichen Referenz fA1/4r alle, die mit WAhrungen richtig Geld verdienen wollen.

Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong.
They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible.
They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role.
In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--areexamined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years.
These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.

Developed over 20 years of teaching academic courses, the Handbook of Financial Risk Management can be divided into two main parts: risk management in the financial sector; and a discussion of the mathematical and statistical tools used in risk management. This comprehensive text offers readers the chance to develop a sound understanding of financial products and the mathematical models that drive them, exploring in detail where the risks are and how to manage them. Key Features: Written by an author with both theoretical and applied experience Ideal resource for students pursuing a master's degree in finance who want to learn risk management Comprehensive coverage of the key topics in financial risk management Contains 114 exercises, with solutions provided online at www.crcpress.com/9781138501874

Given the rapid pace of development in economics and finance, a concise and up-to-date introduction to mathematical methods has become a prerequisite for all graduate students, even those not specializing in quantitative finance. This book offers an introductory text on mathematical methods for graduate students of economics and finance-and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided - in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance. In turn, section five addresses quantum mathematics. The mathematical topics covered in the first four sections are sufficient for the study of quantum mathematics; Black-Scholes option theory and Merton's theory of corporate debt are among topics analyzed using quantum mathematics.

The possibilities and limits of digitalization in general and artificial intelligence in particular are demonstrated in a practice-oriented manner. Ways to generate and secure competitive advantages are presented. The topic is examined from the perspective of the company, the function of controlling and the personal position in controlling. The aim is rather to accompany the reader in the concrete implementation than to present a uniform guide.

The 2nd edition of this successful book has several new features. The calibration discussion of the basic LIBOR market model has been enriched considerably, with an analysis of the impact of the swaptions interpolation technique and of the exogenous instantaneous correlation on the calibration outputs. A discussion of historical estimation of the instantaneous correlation matrix and of rank reduction has been added, and a LIBOR-model consistent swaption-volatility interpolation technique has been introduced. The old sections devoted to the smile issue in the LIBOR market model have been enlarged into a new chapter. New sections on local-volatility dynamics, and on stochastic volatility models have been added, with a thorough treatment of the recently developed uncertain-volatility approach. Examples of calibrations to real market data are now considered. The fast-growing interest for hybrid products has led to a new chapter. A special focus here is devoted to the pricing of inflation-linked derivatives. The three final new chapters of this second edition are devoted to credit. Since Credit Derivatives are increasingly fundamental, and since in the reduced-form modeling framework much of the technique involved is analogous to interest-rate modeling, Credit Derivatives -- mostly Credit Default Swaps (CDS), CDS Options and Constant Maturity CDS - are discussed, building on the basic short rate-models and market models introduced earlier for the default-free market. Counterparty risk in interest rate payoff valuation is also considered, motivated by the recent Basel II framework developments.

This book examines the linkages between exchange rates and India's merchandise trade since the 1990s. It looks at India's trade in the post-liberalisation period through its two main components: commodities and trading partners, and provides a bird's eye view through aggregate analyses accompanied by a historical narrative of the evolution of trade and exchange rate dynamics. Presenting a comprehensive analysis of bilateral and product-specific trade, the book explores the impact of exchange rate on labour intensive sectors and charts out major development. It also offers compelling evidence to suggest that if some commodities are identified as integral to India's export plans, then the impact of exchange rate must be weighed by the Reserve Bank of India (RBI) prior to a market intervention. This timely volume will be of interest to scholars and researchers of economics, business and finance, development studies, trade, business, and industry as well as practitioners, think-tanks, and policy makers.

When your kids develop a healthy relationship with money at an early age, it will help every aspect of their lives to flourish.

Kids have an invaluable asset: They have time. And the multiplying impact of wise money-management lessons learned early will be staggering. Cultivating within them a heart for generosity and wise habits around earning, saving, investing, and spending will impact every aspect of their lives—their relationship with Jesus, their future marriage, their ability to make a difference with their lives, and much more.

In Trusted, Matt Bell provides the stories, motivation, and guidance you need to help your kids develop powerfully effective biblical money-management attitudes and behaviors. Drawing from his family’s experiences and those of other parents, Matt will equip you to teach your kids the purpose of money and how to pursue biblical financial priorities—everything they need to get on the right path for a lifetime of effective, joyful, God-glorifying money management. Includes plenty of examples, suggested conversation topics, and activities to do together with your children.

The purpose of the edited collection Families in Economically Hard Times: Experiences and Coping Strategies in Europe is to provide readers with unique sociological knowledge on European families' experiences and behavioural strategies a decade after economic crisis of the 21st century. The particular importance of the topic is conditioned by the reality the last economic crisis created. This new reality has diverted from the previous; and as new phenomena emerge new coping strategies must also be created, as the old may not necessarily work. Hardships, functional solidarity, and issues of vital human needs - including practices of co-residence, sharing of money, food acquisition - have been explored in Families in Economically Hard Times: Experiences and Coping Strategies in Europe. Prominent scholars from Europe have joined efforts and, based on their latest researches, seek to answer the question: how challenges emerged during recent economically hard times influenced way of life of European families? The scholars of this book have used quantitative and qualitative research methodologies to create a varied and all rounded approach to answering this very question.

Throughout the industry, financial institutions seek to eliminate cumbersome authentication methods, such as PINs, passwords, and security questions, as these antiquated tactics prove increasingly weak. Thus, many organizations now aim to implement emerging technologies in an effort to validate identities with greater certainty. The near instantaneous nature of online banking, purchases, transactions, and payments puts tremendous pressure on banks to secure their operations and procedures. In order to reduce the risk of human error in financial domains, expert systems are seen to offer a great advantage in big data environments. Besides their efficiency in quantitative analysis such as profitability, banking management, and strategic financial planning, expert systems have successfully treated qualitative issues including financial analysis, investment advisories, and knowledge-based decision support systems. Due to the increase in financial applications' size, complexity, and number of components, it is no longer practical to anticipate and model all possible interactions and data processing in these applications using the traditional data processing model. The emergence of new research areas is clear evidence of the rise of new demands and requirements of modern real-life applications to be more intelligent. This book provides an exhaustive review of the roles of expert systems within the financial sector, with particular reference to big data environments. In addition, it offers a collection of high-quality research that addresses broad challenges in both theoretical and application aspects of intelligent and expert systems in finance. The book serves to aid the continued efforts of the application of intelligent systems that respond to the problem of big data processing in a smart banking and financial environment.

Die Inhalte dieses Werkes reichen von bilanztheoretischen Grundlagen uber die Elemente des Jahresabschlusses bis hin zur Jahresabschlusspolitik und den Analysemoglichkeiten in bezug auf den Jahresabschluss aus der Sicht eines externen Beobachters. Viele Ubersichten und Schaubilder sowie zahlreiche Ubungsaufgaben und Fallstudien pragen das Werk in seiner didaktischen Ausrichtung. Aus dem Inhalt: Begriffe, Aufgaben, Bestandteile und Arten von Rechnungsabschlussen. Rechtliche Grundlagen zur Erstellung von Handelsbilanzen. Gliederung und Inhalte der Jahresabschlussrechnungen. Bewertung im Jahresabschluss. Grundzuge der Jahresbschlusspolitik. Analyse des Jahresabschlusses."

Sharing Lives explores the most important human relationships which last for the longest period of our lives: those between adult children and their parents. Offering a new reference point for studies on the sociology of family, the book focuses on the reasons and results of lifelong intergenerational solidarity by looking at individuals, families and societies. This monograph combines theoretical reasoning with empirical research, based on the Survey of Health, Ageing and Retirement in Europe (SHARE). The book focuses on the following areas: Adult family generations, from young adulthood to the end of life, and beyond Contact, conflict, coresidence, money, time, inheritance Consequences of lifelong solidarity Family generations and the relationship of family and the welfare state Connections between family cohesion and social inequality. Sharing Lives offers reliable findings on the basis of state-of-the-art methods and the best available data, and presents these findings in an accessible manner. This book will appeal to researchers, policymakers and graduate students in the areas of sociology, political science, psychology and economics. The Open Access version of this book, available at http://www.taylorfrancis.com/books/e/9781315647319, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Hands-on practice with alternative investments based on real-world scenarios Alternative Investments Workbook provides the key component of effective learning--practice. Designed for both students and investment professionals, this companion workbook conveniently aligns with the Alternative Investments text chapter-by-chapter, offers brief chapter summaries to refresh your memory on key points before you begin working, and explicitly lays out the learning objectives so you understand the "why" of each problem. This workbook helps you: Synthesize essential material from the Alternative Investments text using real-world applications Understand the key characteristics of non-traditional investments Work toward specific chapter objectives to internalize important information CFA Institute is the world's premier association for investment professionals, and the governing body for the CFA(R) Program, CIPM(R) Program, CFA Institute ESG Investing Certificate, and Investment Foundations(R) Program. Those seeking a deeper understanding of the markets, mechanisms, and use of alternatives will value the level of expertise CFA Institute brings to the discussion as well as the extra practice delivered in Alternative Investments Workbook based on real scenarios investors face every day.

Bali, Engle, and Murray have produced a highly accessible introduction to the techniques and evidence of modern empirical asset pricing. This book should be read and absorbed by every serious student of the field, academic and professional. Eugene Fama, Robert R. McCormick Distinguished Service Professor of Finance, University of Chicago and 2013 Nobel Laureate in Economic Sciences The empirical analysis of the cross-section of stock returns is a monumental achievement of half a century of finance research. Both the established facts and the methods used to discover them have subtle complexities that can mislead casual observers and novice researchers. Bali, Engle, and Murray s clear and careful guide to these issues provides a firm foundation for future discoveries. John Campbell, Morton L. and Carole S. Olshan Professor of Economics, Harvard University Bali, Engle, and Murray provide clear and accessible descriptions of many of the most important empirical techniques and results in asset pricing. Kenneth R. French, Roth Family Distinguished Professor of Finance, Tuck School of Business, Dartmouth College This exciting new book presents a thorough review of what we know about the cross-section of stock returns. Given its comprehensive nature, systematic approach, and easy-to-understand language, the book is a valuable resource for any introductory PhD class in empirical asset pricing. Lubos Pastor, Charles P. McQuaid Professor of Finance, University of Chicago Empirical Asset Pricing: The Cross Section of Stock Returns is a comprehensive overview of the most important findings of empirical asset pricing research. The book begins with thorough expositions of the most prevalent econometric techniques with in-depth discussions of the implementation and interpretation of results illustrated through detailed examples. The second half of the book applies these techniques to demonstrate the most salient patterns observed in stock returns. The phenomena documented form the basis for a range of investment strategies as well as the foundations of contemporary empirical asset pricing research. Empirical Asset Pricing: The Cross Section of Stock Returns also includes: * Discussions on the driving forces behind the patterns observed in the stock market * An extensive set of results that serve as a reference for practitioners and academics alike * Numerous references to both contemporary and foundational research articles Empirical Asset Pricing: The Cross Section of Stock Returns is an ideal textbook for graduate-level courses in asset pricing and portfolio management. The book is also an indispensable reference for researchers and practitioners in finance and economics. Turan G. Bali, PhD, is the Robert Parker Chair Professor of Finance in the McDonough School of Business at Georgetown University. The recipient of the 2014 Jack Treynor prize, he is the coauthor of Mathematical Methods for Finance: Tools for Asset and Risk Management, also published by Wiley. Robert F. Engle, PhD, is the Michael Armellino Professor of Finance in the Stern School of Business at New York University. He is the 2003 Nobel Laureate in Economic Sciences, Director of the New York University Stern Volatility Institute, and co-founding President of the Society for Financial Econometrics. Scott Murray, PhD, is an Assistant Professor in the Department of Finance in the J. Mack Robinson College of Business at Georgia State University. He is the recipient of the 2014 Jack Treynor prize.