The essential CFO: a corporate finance playbook
"Discover the power of the CFO's role in delivering shareholder value. During the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, The Essential CFO describes how today's...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Hoboken, NJ
Wiley
2012
|
| Schriftenreihe: | Wiley corporate F&A
|
| Schlagworte: | |
| Online-Zugang: | Cover Inhaltsverzeichnis |
| Zusammenfassung: | "Discover the power of the CFO's role in delivering shareholder value. During the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, The Essential CFO describes how today's CFOs are responding to their expanded roles within both public and private companies. With straightforward and pragmatic guidance, author Bruce Nolop shows how CFOs are partnering with CEOs to deliver shareholder value by articulating a strategic plan, determining capital allocations, managing the capital structure, driving financial performance, and implementing strategic transactions. Covers how CFOs are establishing robust accounting and risk management processes and effectively communicating with both external and internal constituencies Looks at the role of the CFO in transforming financial organizations to drive effectiveness and efficiencies Examines how CFOs can develop talent with the experience, expertise, and leadership skills to meet the challenges of the future Written from a balanced, top-down perspective of the modern CFO, The Essential CFO provides you with practical prescriptions for executing impactful corporate finance strategies"-- |
| Beschreibung: | Includes index |
| Beschreibung: | XXVII, 349 S. |
| ISBN: | 9781118173046 9781118226896 9781118240038 9781118264638 |
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| 520 | 1 | |a "Discover the power of the CFO's role in delivering shareholder value. During the past decade, the CFO role has expanded dramatically in its breadth, complexity, and criticality. Filled with proven strategies, best practices, and keen insights, The Essential CFO describes how today's CFOs are responding to their expanded roles within both public and private companies. With straightforward and pragmatic guidance, author Bruce Nolop shows how CFOs are partnering with CEOs to deliver shareholder value by articulating a strategic plan, determining capital allocations, managing the capital structure, driving financial performance, and implementing strategic transactions. Covers how CFOs are establishing robust accounting and risk management processes and effectively communicating with both external and internal constituencies Looks at the role of the CFO in transforming financial organizations to drive effectiveness and efficiencies Examines how CFOs can develop talent with the experience, expertise, and leadership skills to meet the challenges of the future Written from a balanced, top-down perspective of the modern CFO, The Essential CFO provides you with practical prescriptions for executing impactful corporate finance strategies"-- | |
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Datensatz im Suchindex
| _version_ | 1804149059500376064 |
|---|---|
| adam_text | Contents
Introduction
xv
m PART
I: STRATEGY
Chapter
1 :
Articulating a Strategic Plan
3
Business Objectives
4
Strategic Themes
5
Long-Term Financial Model
7
Total Shareholder Return
10
Capital Allocation Strategies
14
Acquisition Strategies
15
Target Shareholders
17
Elevator Pitch
20
Plan Revisions
21
Chapter
2:
Communicating and Achieving Alignment
23
Consistency and Transparency
24
Incentive Compensation Programs
25
Investor Alignment
28
Analyst Relations
29
Investor Presentations
31
Company Website
35
Social Media
36
Media Relations
37
Potential Media Pitfalls
38
Coordinating Communications
39
Interview Formats
39
Media Training
40
Note
42
VII
viii
■ Contents
Chapter
3:
Assessing Enterprise Risks
43
Enterprise Risk Management
43
Implementation of ERM
44
Risk Identification 45
Risk Quantification 46
Major Exposures 4
Mitigation Strategies
50
Rewarded versus Unrewarded Risks
51
Governance of ERM ->z
CFO s Role in ERM 54
• ■;■
PART II: CAPITAL ALLOCATIONS
Chapter
4:
Estimating the Cost of Capital
59
WACC Formula
59
Hurdle Rates 63
Risk Premiums
63
Acquisition Cost of Capital
65
Chapter
5:
Prioritizing Capital Investments
67
Cash Flow Projections
67
Investment Budget
68
Evaluating Projects
71
Categorizing Projects
74
Monitoring Projects
75
Pension Fund Contributions
77
Chapter
6:
Considering Dividends and Repurchases
79
Dividend Policy Alternatives
80
Dividend Policy Considerations
82
Special Dividends
85
Dividend Declarations
85
Repurchase Considerations
86
Open Market Programs
90
Tender Offers
92
Retaining Strategic Cash
92
Cash Investment Policies
95
Contents ■ ix
PART III: MERGERS AND ACQUISITIONS
Chapter
7:
Identifying Acquisition Candidates
99
Rationale for Acquisitions
99
Adjacent Spaces
100
Portfolio Approach
101
Business Sponsor
101
Patience and Flexibility
102
Strategic Purpose
102
Types of Acquisitions
103
Note
107
Chapter
8:
Evaluating Acquisition Candidates
109
Valuation Methodologies
109
Standalone and Synergy Values
112
Pro Forma Analyses
113
Acquirer s Stock Valuation
116
Risk Considerations
116
Chapter
9:
Executing a Merger or Acquisition
119
Due Diligence
119
BusinessPlan
123
Financial Projections
124
Financing Plan
126
Price Negotiations
128
Contract Terms
129
Acquisition Integration
132
Note
134
Chapter
10:
Executing Divestitures and
Spinoffs 135
Divestiture Evaluations
135
Hiring Investment Bankers
136
Auction or Negotiated
137
Stock or Assets
139
Financing Conditions
139
Management Participation
140
Tax-Free
Spinoffs 141
Spüt-Ups 142
Equity Carve-Outs
143
Contents
Chapter
11 :
Responding to Takeover Offers
145
Governance Policies
145
Reviewing an Offer
146
Conducting a Sale Process
148
Activist Shareholders
149
Going Private Transactions
149
Щ
PART IV: FUNDING
Chapter
12:
Establishing Capital Structure Objectives
153
Leverage Targets
153
Leverage Criteria
155
Rating Agencies
157
Ratings Categories
158
Rating Agency Dialogues
160
Ratings Criteria
161
Informing Investors
162
Note
163
Chapter
13:
Developing Financing Strategies
165
Financing Principles
165
Debt Financing
167
Equity Financing
171
Off Balance Sheet Financing
174
Debt Covenants
177
Debt Refinancings
179
Debt for Equity Swaps
180
Bankruptcy
182
Chapter
14:
Ensuring Short-Term Liquidity
185
Bank Lines
185
Cash Planning
187
Contingency Planning
187
Liquidity Ratios
189
Working Capital Strategies
189
Trapped Cash
191
Contents ■ xi
Chapter
15:
Obtaining Long-Term Financing
193
Venture Capital
193
Private Equity
194
Initial Public Offering
195
Subsequent Equity Offerings
198
Term Loans
200
Syndicated Bank Loans
200
Investment Grade Securities
200
High Yield Securities
201
Strategic Alliances
202
Note
203
PART V: PERFORMANCE
Chapter
16:
Driving Business Performance
207
Organic Revenue Growth
207
Cost Reduction Strategies
211
Fixed versus Variable Costs
219
Note
219
Chapter
17:
Providing Planning and Analysis
221
Budgets
221
Forecasts
225
Cash Flows
226
Performance Metrics
228
Business Unit Metrics
231
Performance Reports
232
Business Analysis
233
Chapter
18:
Managing Financial Risks and Taxes
235
Insurance
235
Interest Rates
238
Currencies
239
Commodities
241
Inflation
242
Pension Fund
243
Tax Planning
244
xii ■ Contents
PART VI: ACCOUNTING AND CONTROLS
Chapter
19:
Establishing Accounting Processes
251
Financial Reporting
SEC Filings 255
External Auditors 259
Audit Committee 259
Note 260
Chapter
20:
Communicating Financial Results
261
Earnings Call 261
Non-GAAP Measures 266
Earnings Guidance 2°
Note 271
Chapter
21:
Implementing Sarbanes-Oxley
273
Overview of Provisions ^
Auditor Independence 2 ^
Certification of
Financiais
¿/D
Assessment of Internal Controls
276
Chapter
22:
Reinforcing Compliance and Controls
281
Control Environment
282
Auditor and Board Support
283
Foreign Corrupt Practices Act
285
Fraud Prevention 2^
Whistleblowers 287
Cost of Compliance
288
Note
289
PART
VII:
LEADERSHIP
Chapter
23:
Achieving Finance Transformation
293
Organizational Structure
293
Technology Systems
298
Process
Reengineering
301
Outsourcing Advantages
ЗСЙ
Outsourcing Implementation
305
Analysis versus Data
308
Contents ■ xiii
Chapter
24:
Developing Financial Talent
311
Recruitment Strategies
312
Development Objectives
316
Development Tools
320
Diversity
325
Future Requirements
325
Note
326
About the Author
327
Acknowledgments
329
Index
331
|
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T00:17:00Z |
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| isbn | 9781118173046 9781118226896 9781118240038 9781118264638 |
| language | English |
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| title | The essential CFO a corporate finance playbook |
| title_auth | The essential CFO a corporate finance playbook |
| title_exact_search | The essential CFO a corporate finance playbook |
| title_full | The essential CFO a corporate finance playbook Bruce Nolop |
| title_fullStr | The essential CFO a corporate finance playbook Bruce Nolop |
| title_full_unstemmed | The essential CFO a corporate finance playbook Bruce Nolop |
| title_short | The essential CFO |
| title_sort | the essential cfo a corporate finance playbook |
| title_sub | a corporate finance playbook |
| topic | Finanzmanagement (DE-588)4139075-1 gnd Finanzleiter (DE-588)4568154-5 gnd |
| topic_facet | Finanzmanagement Finanzleiter |
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