The treasurer's handbook of financial management: applying the theories, concepts and quantitative methods of corporte finance
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Chicago u.a.
Irwin
1995
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 447 S.: graph. Darst. |
| ISBN: | 1557388849 |
Staff View
MARC
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| 245 | 1 | 0 | |a The treasurer's handbook of financial management |b applying the theories, concepts and quantitative methods of corporte finance |
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| 300 | |a XII, 447 S.: graph. Darst. | ||
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| 650 | 4 | |a Cash management |v Handbooks, manuals, etc | |
| 650 | 4 | |a Controllership |v Handbooks, manuals, etc | |
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Record in the Search Index
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| adam_text | Table of Contents
Preface and Acknowledgments xi
1 Introduction and Overview 1
I. General Introduction 1
II. How to Use This Book 1
III. General Overview of Topics 2
A What Is Treasury Management? 2
B. Corporate Finance 2
C. Working Capital Management 3
D. Other Treasury Management Areas 3
IV. Prerequisites 4
V. Role of the Treasurer in the Firm 5
VI. Endnotes 6
2 Overview of Capital Markets 7
I. Outline of the Chapter 7
II. Introduction 9
III. Coverage of the Chapter Material 9
A. Role of the Treasurer in Determining and
Managing Costs of Capital 9
B. Debt Capital Markets 11
C. Equity (Stock) Markets 23
D. Hybrid, Synthetic and Derivative Security Markets 27
E. Other Issues and Markets 37
IV. Chapter Checklists 40
A. Characteristics and Rights of Stakeholders in a Corporation 40
B. Listing of Required SEC Reports 41
C. Listing of Typical Restrictive Covenants 42
D. Listing of Foreign Security Market Regulations 43
E. Listing Futures and Options Markets (Global) 45
iii
iv Table of Contents
V. Calculations and Examples 49
A. Calculations in Sinking Fund Arrangements 49
B. Calculations Involved in Bond Refunding Operations 49
C. Calculations and Mechanics Involved in Forwards and Futures 52
D. Calculations Involved in Swaps 53
E. Calculations Involved in Options (Single and Multi Period) 54
VI. Endnotes 57
3 Capital Market Relations 59
I. Outline of the Chapter 59
II. Introduction 61
III. Coverage of Chapter Material 62
A. Initial Public Offering (IPO) 62
B. The Decision to list the Firm s Securities 68
C. The Decision to go Private (LBOs and MBOs) 69
D. Procedures for Selling Additional Common Stock 70
E. Investment Banking Process 72
F. Responsibilities of the Board of Directors 11
G. Bankruptcy 79
IV. Chapter Checklists 83
A. Requirements for Listing on Major U.S. Exchanges 83
B. Timechart on IPO and Parties Involved 86
C. Due Diligence Requirements 86
D. Primary Elements of SEC Regulation 89
E. SEC Guideline for Registration of Securities in an IPO 90
F. Key Points in Underwriting Comfort Letter 91
V. Endnotes 92
4 Capital Structure 93
I. Outline of the Chapter 93
II. Introduction 95
III. Coverage of the Chapter Material 95
A. Valuation of the Firm s Securities 95
B. Risk and Rates of Return 104
C. Cost of Capital 111
D. Capital Structure of the Firm 116
IV. Chapter Checklists 123
A. Standard and Poor s Bond (Debt) Ratings 123
B. Duff Phelps Bond (Debt) Ratings: 123
C. PVIF and PVIFA Tables 124
Table of Contents v
V. Examples of Calculations 126
A. Basic Valuation Model 126
B. Bond Valuation Using PVIFA (Annuity) Tables 126
C. Impact of Change in Interest Rates on Bond Prices 126
D. Yield to Maturity (YTM) and Yield to First Call Calculations 127
E. Valuation of Preferred Stock 128
F. Stock Valuation Example 128
G. Cost of Debt 129
H. Cost of Preferred Stock 129
I. Cost of Retained Earnings 130
J. Cost of New Equity 130
K. Determination of Marginal Cost of Capital and Breakpoints 130
VI. Endnotes 131
5 Dividend Policy 133
I. Outline of the Chapter 133
II. Introduction 134
III. Coverage of the Chapter Material 135
A. Theories of Dividend Policy 135
B. Other Dividend Policy Issues 136
C. Dividend Policy in Practice 137
D. Factors That Influence Dividend Policy 140
E. Stock Repurchases 142
F. Other Types of Dividends 145
G. Dividend Policy in Multinational Companies (MNCs) 146
IV. Endnotes 147
O Mergers, Acquisitions, and Divestitures 149
I. Outline of the Chapter 149
II. Introduction 151
III. Coverage of the Chapter Material 152
A. Rationale for Mergers 152
B. Types of Mergers 154
C. Issues in Mergers 155
D. Merger Analysis 156
E. Role of Investment Bankers 162
F. Leveraged Buyouts (LBO) 163
G. Divestitures 163
IV. Chapter Checklists 165
A. Anti Trust Regulations in Mergers 165
vi Table of Contents
B. Required Steps in Merger Approval 166
C. Important Elements of the Williams Act 167
D. Pooling versus Purchase Accounting for Mergers 168
E. Listing of Terms Used in Mergers and Acquisitions 169
V. Calculations and Examples 171
A. Purchase versus Pooling Merger Calculation 171
B. Merger Valuation Example 171
VI. Endnotes 172
/ Working Capital Management Strategies 173
I. Outline of the Chapter 173
II. Introduction 174
III. Coverage of the Chapter Material 175
A. Overview of Working Capital Management 175
B. Impact of Differing Levels of Current Asset Investment
and Financing Policies 180
C. Financing Current Assets 184
D. Costs and Risks of Alternative Debt Maturities 187
IV. Calculations and Examples 188
A. Cash Conversion Cycle 188
B. NPV Cost of Cash Conversion Cycle 189
C. Cost of Not Taking Cash Discount 189
D. Benefit of Cash Discount to Seller 190
8 Short Term Financial Management 191
I. Outline of the Chapter 191
II. Introduction 193
III. Coverage of Chapter Material 194
A. Short Term Investment Management 194
B. Management of Short Term Borrowing 205
C. Receivables and Payables Management 219
IV. Chapter Checklists 227
A. Listing of Federal Treasury and Agency Obligations 227
B. Sample Listing of Typical Investment Guidelines 229
C. Accounting Principles for Swaps 230
D. Sample Loan Term Sheet 231
V. Calculation Examples 233
A. T Bill Pricing and Yield Calculations 233
B. Tax Exempt versus Taxable Yield Calculation 234
C. Yield Curve Example 234
Table of Contents vii
D. Average Effective Cost Calculation on line of Credit 235
E. Effective Interest Cost for Commercial Paper Calculation 235
F. Credit Policy Evaluation Calculation 236
G. DSO (Days Sales Outstanding) Calculation 236
H. Forecasting Accounts Receivable Calculation 237
VI. Endnotes 238
9 Managing and Financing Inventories 239
I. Outline of the Chapter 239
II. Introduction 240
III. Coverage of the Chapter Material 240
A. Elements of Basic Inventory Policy 240
B. Economic Order Quantity (EOQ) Models 243
C. Just in Time (JIT) Method 244
D. Inventory Financing 246
IV. Calculations and Examples 248
A. Example of EOQ Calculations 248
V. Endnotes 249
10 Financial Analysis 251
I. Outline of the Chapter 251
II. Introduction 252
III. Coverage of the Chapter Material 253
A. Role of the Treasurer in Financial Planning and Analysis 253
B. Financial Statement Analysis 254
IV. Chapter Checklists 273
A. Accounting Adjustments (Window Dressing) 273
B. Checklist of Financial Ratios 275
V. Calculations and Examples 277
A. Financial Analysis Case Example 277
B. Example of Inventory Accounting 284
VI. Endnotes 285
1 1 Financial Planning and Control 287
I. Outline of the Chapter 287
II. Introduction 288
III. Coverage of Chapter Material 288
A. Strategic Plans 288
B. Operating Plans 290
viii Table of contents
C. The Financial Plan 291
D. Revenue (Sales) Forecast 293
E. Forecasting Financial Requirements: Percentage of Sales Method: 294
F. Forecasting with Changing Balance Sheet Ratios 296
G. Other Forecasting Approaches 297
H. Financial Controls 298
I. Computerized Financial Planning Models 299
IV. Chapter Checklist 299
A. Methods of Forecasting and Planning 299
V. Calculations and Example 300
A. Financial Planning Case Example 300
VI. Endnotes 304
12i Capital Budgeting and Leasing 305
I. Outline of the Chapter 305
II. Introduction 307
III. Coverage of the Chapter Material 307
A. Basics of Capital Budgeting 307
B. Estimation of Cash Flows 317
C. Considering Risk in Capital Budgeting 324
D. Leasing Decisions 330
IV. Chapter Checklists 336
A. listing of Lease Components 336
V. Calculations and Examples 337
A. Example #1—Capital Budgeting 337
B. Example #2—Leasing 339
VI. Endnotes 342
13 Electronic Commerce 343
I. Outline of the Chapter 343
II. Introduction 345
III. Coverage of the Chapter Material 346
A. Basics of Electronic Commerce (ECOM) 346
B. Benefits and Costs of ECOM and EDI 351
C. EDI Standards and Software 353
D. Value Added Networks (VANs) 356
E. Credit Terms and EDI Transactions 358
F. Redesign of the Treasury Function 360
G. The Future of Electronic Commerce 361
Table of contents ix
IV. Chapter Checklists 362
A. Checklist of EDI Costs and Benefits 362
V. Calculations and Examples 363
A. Example of Negotiating Credit Terms Calculation 363
VI. Endnotes 364
14 Insurance and Risk Mangement 365
I. Outline of the Chapter 365
II. Introduction 367
III. Coverage of the Chapter Material 367
A. Overview of Insurance and Risk Management 367
B. Steps in Risk Management 371
C. Risk Control Techniques 375
D. Risk Financing Techniques 376
E. Negotiating Insurance Programs 379
F. Captives and Other Alternative Financing Techniques 381
G. Risk Management Services 382
IV. Chapter Checklists 383
A. Source Documents for Risk Identification 383
B. Types of Liability Losses 384
C. Listing of Disclosure Information for Insurance Negotiation 384
D. Areas of Broker Services and Evaluation Criteria 385
V. Endnotes 386
15 Employee Pension fund and Benefit Management 387
I. Outline of the Chapter 387
II. Introduction 389
III. Coverage of the Chapter Material 389
A. Employee Retirement Income Security Act (ERISA) 389
B. Types of Pension Plans 391
C. Determining Funding of the Pension Plan 397
D. Setting Investment Objectives and Asset Allocations 398
E. Managing the Plan s Funds 400
F. Insured Pension Plans 402
G. Deferred Compensation and Non Qualified Plans 403
H. Emerging Trends in Pension Plans 404
I. Group Health Plans and Benefits 405
IV. Chapter Checklists 407
A. ERISA Guidelines 407
x Table of Contents
B. Factors to Consider in Selecting Defined Contribution
versus Defined Benefit Pension Plans 411
C. Sample Guidelines for Asset Allocations in Investment Portfolios 413
D. Comparison of Non Qualified and Qualified Deferred
Compensation Plans 414
V. Endnotes 415
16 Tax, Legal, Audit, and Ethical Issues 417
I. Outline of the Chapter 417
II. Introduction 420
III. Coverage of the Chapter Material 421
A. Tax Issues Related to Treasury Management 421
B. Legal Issues Related to Treasury Management 429
C. Audit, Control and Security Principles 435
D. Ethical Issues in Treasury Management 439
IV. Chapter Checklist 442
A. Summary of International Tax Codes 442
B. Checklist of Laws/Dates in Treasury Management 442
C. TMA Code of Conduct 446
V. Suggestions for References and Additional Reading 446
VI. Endnotes 447
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| spelling | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance Chicago u.a. Irwin 1995 XII, 447 S.: graph. Darst. txt rdacontent n rdamedia nc rdacarrier Cash management Handbooks, manuals, etc Controllership Handbooks, manuals, etc Corporations Finance Handbooks, manuals, etc Portfolio management Handbooks, manuals, etc Masson, Dubos J. Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008897918&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance Cash management Handbooks, manuals, etc Controllership Handbooks, manuals, etc Corporations Finance Handbooks, manuals, etc Portfolio management Handbooks, manuals, etc |
| title | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_auth | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_exact_search | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_full | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_fullStr | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_full_unstemmed | The treasurer's handbook of financial management applying the theories, concepts and quantitative methods of corporte finance |
| title_short | The treasurer's handbook of financial management |
| title_sort | the treasurer s handbook of financial management applying the theories concepts and quantitative methods of corporte finance |
| title_sub | applying the theories, concepts and quantitative methods of corporte finance |
| topic | Cash management Handbooks, manuals, etc Controllership Handbooks, manuals, etc Corporations Finance Handbooks, manuals, etc Portfolio management Handbooks, manuals, etc |
| topic_facet | Cash management Handbooks, manuals, etc Controllership Handbooks, manuals, etc Corporations Finance Handbooks, manuals, etc Portfolio management Handbooks, manuals, etc |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008897918&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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