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Finance for Managers (Harvard Business Essentials Series): Your Guide and Mentor to Doing Business Effectively
     

Finance for Managers (Harvard Business Essentials Series): Your Guide and Mentor to Doing Business Effectively

by Harvard Business School Press, Richard Luecke
 

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ISBN-10: 1578518768

ISBN-13: 9781578518760

Pub. Date: 01/28/2003

Publisher: Harvard Business Review Press


Harvard Business Essentials are comprehensive, solution-oriented paperbacks for business readers of all levels of experience. Calculating and assessing the overall financial health of the business is an important part of any managerial position. From reading and deciphering financial statements, to understanding net present value, to calculating return on

Overview


Harvard Business Essentials are comprehensive, solution-oriented paperbacks for business readers of all levels of experience. Calculating and assessing the overall financial health of the business is an important part of any managerial position. From reading and deciphering financial statements, to understanding net present value, to calculating return on investment, Finance for Managers provides the fundamentals of financial literacy. Easy to use and nontechnical, this helpful guide gives managers the smart advice they need to increase their impact on financial planning, budgeting, and forecasting.

Product Details

ISBN-13:
9781578518760
Publisher:
Harvard Business Review Press
Publication date:
01/28/2003
Series:
Harvard Business Essentials
Pages:
224
Sales rank:
367,768
Product dimensions:
6.20(w) x 9.30(h) x (d)

Table of Contents

Introductionix
1Financial Statements: The Elements of Managerial Finance1
Why Financial Statements?2
The Balance Sheet3
The Income Statement11
The Cash Flow Statement14
Where to Find It18
Summing Up19
2Finding Meaning in Financial Statements: A Look behind the Numbers21
Ratio Analysis22
Percentage-Format Financial Statements30
From Financial Measures to a Balanced Scorecard31
Summing Up34
3Important Accounting Concepts: The Rules That Shape Financial Statements37
Generally Accepted Accounting Principles38
Accrual versus Cash Accounting39
Accounting for Inventory40
Depreciation46
Accounting for Leases51
Historic Cost and Its Implications54
Cost Accounting55
Summing Up59
4Taxes: Important Details You Should Know61
Taxes and the Legal Form of the Business63
Progressive Tax Rates69
Marginal Tax Rate71
Credits versus Deductions72
Tax Loss Carryback and Carryforward73
Summing Up73
5Financing Operations and Growth: Funding the Different Stages of Growth75
Start-Up Financing76
Financing Growth80
Other Forms of External Financing85
The Matching of Assets and Financing86
A Life-Cycle View of Financing88
Summing Up93
6Money and Capital Markets: Another Option for Funding Growth95
Money Markets97
Capital Markets98
Capital Market Securities103
Summing Up107
7Budgeting: Forecasting Your Company's Financial Future109
What Is Budgeting?111
Budget Functions111
Types of Budgets115
The Master Budget118
The Human Side of Budgeting128
Summing Up135
8Practical Tools for Management Decisions: Making the Numbers Work for You137
Cost/Benefit Analysis138
Accounting Return on Investment140
Payback Period141
Breakeven Analysis142
Estimating Nonquantifiable Benefits and Costs146
Tracking Performance146
Summing Up147
9The Time Value of Money: Calculating the Real Value of Your Investment149
What Is Time Value?150
Net Present Value153
Internal Rate of Return162
Sensitivity Analysis165
Economic Value Added167
Summing Up169
10Valuation Concepts: Evaluating Opportunity171
Asset-Based Valuations174
Earnings-Based Valuation177
Discounted Cash Flow Method181
Summing Up184
AppendixActivity-Based Budgeting185
Notes189
Glossary191
For Further Reading200
Index203
About the Subject Adviser209
About the Writer210

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