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2010 | Book

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Financial Strategies for the Manager

Editors: Charles Priester, Jincheng Wang

Publisher: Springer Berlin Heidelberg

Book Series : Tsinghua University Texts

Part of: Springer Professional "Wirtschaft+Technik" , Springer Professional "Technik" , Springer Professional "Wirtschaft"

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About this book

Part of Tsinghua University Texts, Financial Strategies for the Manager includes a range of financial management issues such as financial statement analysis, a systematic approach to financial performance appraisal, liquidity management and sales growth, working capital management, budgeting, foreign exchange and interest rate risk management, and a most useful tool not normally understood – EVA. The book is written in a concise and accessible style, minimizing the use of the technical jargon and complicated mathematical formulae. Included exercises enhance student learning and examples bolster ability to understand and use concepts in day-to-day situations. The material was originally developed for a large corporate client in the telecommunications business to assist non-financial managers in understanding financial theories in a practical way. It was expanded and revised into a text for a post-graduate course of the Asia/Pacific Management Co-operative Program, Capilano University, BC, Canada. Charles Priester is a professor at Capilano University of Canada; Jincheng Wang is a professor at the International Business School of Tianjin Foreign Studies University of China.

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Table of Contents

Frontmatter

1. Goals of Financial Management

Abstract

To understand why a grasp of fundamental financial strategies is important to your employer as well as to yourself. To learn the twin goals of financial management.

Charles Priester, Jincheng Wang

2. Financial Statements Analysis

Abstract

To be able to evaluate a company’s performance in terms of its liquidity, asset productivity, profitability, use of leverage, and its ability to satisfy investors.

Charles Priester, Jincheng Wang

3. A Systematic Approach to Financial Performance Appraisal of a Company Based on Trend Analysis

Abstract

To understand how to use a comprehensive and systematic method to perform a financial statement analysis of a company.

Charles Priester, Jincheng Wang

4. Risk & Defensive Strategies

Abstract

To understand the effects that fixed and variable costs have on a company’s performance and how such costs affect a company’s flexibility to cope with adversity and change.

Charles Priester, Jincheng Wang

5. Liquidity Management and Sales Growth

Abstract

To understand how Asset growth affects Liquidity and the need for external financing.

Charles Priester, Jincheng Wang

6. Working Capital Management

Abstract

Working capital is the difference between a company’s current assets (mainly cash, receivables, inventories) and its short-term debt (accounts payable makes up a major part).

Charles Priester, Jincheng Wang

7. Fixed Assets

Abstract

To help you decide whether a company’s investment in a fixed asset is an attractive proposition from a financial point of view.

Charles Priester, Jincheng Wang

8. Budgeting

Abstract

To develop sharp budgeting skills that promotes realism and planning and minimizes waste and inefficiency.

Charles Priester, Jincheng Wang

9. Economic Value Added

Abstract

To learn a new and powerful measure of financial performance and use it as a tool to improve the corporation’s profitability.

Charles Priester, Jincheng Wang

10. Foreign Exchange and Interest Rate Risk Management

Abstract

There are several techniques available by which a company involved in international trade can reduce, or even eliminate, the risk inherent in such trade. We shall focus here on two kinds of risk: foreign exchange risks caused by dealings in a foreign currency and interest rate risk caused by the fact that payments or receipts will occur at some future date rather than today.

Charles Priester, Jincheng Wang

11. Mergers, Acquisitions and Private Equity

Abstract

An article in the Wall Street Journal in May 2007 noted that private equity transactions (which are a particular type of acquisition) during the past twelve months totaled $2 trillion—that is a “2” followed by 12 zeros, an amount that boggles the mind.

Charles Priester, Jincheng Wang

Backmatter

Title: Financial Strategies for the Manager
Editors: Charles Priester
Jincheng Wang
Copyright Year: 2010
Publisher: Springer Berlin Heidelberg
Electronic ISBN: 978-3-540-70966-4
Print ISBN: 978-3-540-70963-3
DOI: https://doi.org/10.1007/978-3-540-70966-4

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