7 Financial Models for Analysts, Investors and Finance Professionals
Financial models in Excel allow investment analysts and other finance professionals to take the laborious number crunching out of financial analysis and forecasting. Models help them to gain meaningful insights into the way that a business is working and focus attention on areas to improve bottom-line results. They can also be used as powerful tools to test the potential impact of various risks on business performance. In this brand new guide, financial modelling expert Paul Lower presents step-by-step instructions for seven spreadsheet models that will help the user to gain a better understanding of the financial data coming out of a business. These seven models can be used to: 1. Assess how a business is performing on key financial indicators. 2. Produce sales and cost forecasts. 3. Create a cash flow forecast. 4. Understand the impact of product price changes on profitability. 5. Assess potential investment decisions. 6. Check the sensitivity of key financial measures to risk events. 7. Produce a business valuation. The book also includes downloadable spreadsheets of the author's original Excel models and introductory chapters about best practice when modelling in Excel. With this suite of seven tools, a financial analyst will be equipped to use Excel to achieve a deep understanding of a business and its financial data.
Rethinking the Rules of Financial Accounting
Why yesterday's accounting model doesn't work anymore, and how it can be fixed As Congress and the nation debate the state of accounting today, Rethinking the Rules of Financial Accounting examines the governing set of laws and proposes needed upgrades and improvements. Prolific writer Robert Anthony examines and discusses how and why specific rules of accounting contain inconsistencies, resulting in conflicting reports, and ways to correct the defects for reliable financial information. Robert Anthony continues to help generations of students and professionals learn and apply the rules of accounting. Now he turns his sights to practitioners as he discusses: How today's rules and standards were first developed Ways to improve each of the four key financial statements Implementation of changes in the rules for governing the financial reporting model
Book-Keeping by Single and Double-Entry
Book-Keeping by Single and Double-Entry - with an appendix containing explanations of mercantile terms and transactions, questions in book-keeping, etc. is an unchanged, high-quality reprint of the original edition of 1878. Hansebooks is editor of the literature on different topic areas such as research and science, travel and expeditions, cooking and nutrition, medicine, and other genres. As a publisher we focus on the preservation of historical literature. Many works of historical writers and scientists are available today as antiques only. Hansebooks newly publishes these books and contributes to the preservation of literature which has become rare and historical knowledge for the future.
Forensic Accounting and Financial Statement Fraud, Volume II
Forensic accounting is gaining considerable attention as a rewarding and exciting field of accounting. Forensic accountants perform both fraud and non-fraud services. The American Institute of Certified Public Accountants (AICPA) released its proposed new standards for its members who perform investigation and litigation forensic accounting services in December 2018. This second volume addresses fraud and non-fraud forensic accounting practice and performance. The author discusses forensic accounting roles and processes; forensic accounting techniques roles and responsibilities of corporate gatekeepers, including forensic accountants in creating a corporate culture of integrity and competency in preventing and discovering financial statement fraud. Also presented are challenges and opportunities in forensic accounting, and emerging issues in fraud investigation.
Forensic Accounting and Financial Statement Fraud, Volume I
The existence and persistence of high profile alleged financial statement fraud (FSF) have negatively affected the safety and soundness of financial markets and investors confident in public financial information. Forensic accounting has advanced as an important and rewarding field of accounting to prevent, detect and correct FSF. There has been significant demand for and intertest in forensic accounting as well substantial growth in both investigation and litigation services.The first volume addresses the relevance and importance of forensic accounting and fraud examination as well as the framework and structure of forensic accounting practices. The author presents an introduction to forensic accounting and financial statement fraud examination and their relevance and importance to businesses, financial markets, economies and society. Also discussed is forensic accounting opportunities, skills, and services; forensic accounting profession; and professional responsibilities and codes of conduct for forensic accountants. Finally, forensic accounting best practices, education, and research are touched on.
The Handy Accounting Answer Book
An informative, easy-to-use guide to accounting fundamentals and concepts Everyone needs to budget money and manage costs, whether for groceries and everyday purchases, rent or mortgage, education, retirement, or even a business. Like it or not, accounting infuses most everything in life. From credits, debits, and basic bookkeeping to getting the most out of tax deductions and from reading or creating a business' financial statement to better understanding accounting lingo, The Handy Accounting Answer Book can help anyone acquire the skills to start or run a business, plan for retirement, set money aside for a big purchase, establish everyday budgets, and improve their money management. Find out about the concepts and assumptions behind the Generally Accepted Accounting Principles. Understand tax returns and maximize write-off. Manage retirement account statements and find ways to improve their results. Learn how to create a business plan. Learn about a business' financial ratios, cost of goods, depreciation, tax planning, recognizing revenue and expenses, financial audits, year-end closing the books, and other terms and rules. Maximize profits and improve personal or business bottom lines. Covering accounting fundamentals, concepts, and jargon, The Handy Accounting Answer Book is for everyone who wants to understand the language of money and business. It uses basic terms and simple examples to illustrate complex accounting topics and can help you make better decisions about your business or personal finances. This handy primer answers nearly 800 questions and offers fun facts covering the basics of accounting, including ... What is the earliest known form of accounting? What are the elements of financial statements? When is revenue recognized? What is accrual basis accounting? How does an accountant determine which asset account titles to use? What is goodwill? How many different types of financial statements are there? What is the basic accounting equation? How is operating income different from net income? How do you know if a company is doing well? What is the quick ratio? How is earnings per share evaluated? What is a journal entry? What is a purchase order? What is the fraud triangle? How is depreciation expense calculated and recorded? What is a franchise? What are the employer payroll taxes? What is indirect labor? How is a budget prepared? What is a revenue variance? What is contribution margin? What is the time value of money? What is one of the first things that must be done when starting a small business? What are some of the key components of a business plan? Can a business be successful if it doesn't make a profit? What is a CPA? What happened at Enron? For anyone planning for a business, retirement, college, or life in general, this informative book also includes a glossary of commonly used terms to cut through the jargon, a helpful bibliography, appendices providing examples of accountancy practices, and an extensive index, adding to its usefulness. It will help anyone's financial intelligence!
Welcoming the New Revenue Recognition Standard
The New Revenue Recognition Standard is a joint bold move initiated by both the FASB and the IASB to give top-lines of companies, across industries, a common denominator. It is a move from the fair value measure of measuring revenue, to one which takes into account what consideration the entity really expects to be entitled to receive from a contract with a 'customer'. The new standard broadens the definition of revenue to include newer concepts like costs to obtain and fulfil a contract, material rights and gain and loss from the sale of non-financial assets. There is specific guidance around contract combinations and contract modifications. Collaborative arrangements have come under the scanner as the collaborator may be acting as a 'customer'. The standard interacts with the new leases standard and lease and non-lease components of a contract would need to be separated. 'Transfer of control to a customer' is the axis of the new revenue recognition standard. As control usually transfers before risks and rewards usually do, entities may witness an acceleration in revenue recognition. Distinct goods/ services are now determined based on whether they are both individually distinct and are distinct within the context of the contract. This may lead an increase or decrease in performance obligations leading to difference in timing of revenue recognition. Provision for loss on contracts of the non-onerous kind for construction contracts have been done away with. Increased judgement is needed for demarcating between a sale/ lease/ financing, estimating variable consideration after applying constraints and in the capitalization and amortization of contract costs-especially in case of a principal versus agent situation. More disclosures are required. This book brings you the impacts from an exotic mix of industries as varied as aerospace and defense, engineering, media and entertainment, airlines, pharmaceuticals, health care, early-stage life sciences, software, construction and real estate, retail and e-commerce, hospitality, telecommunications, shipping, automotive, outsourcing and investment companies and promises deep learning. The new revenue recognition standard affects more than just revenue and impacts the business processes and results in dual SOX testing during the transition phase. With sufficient discussions and training, all managements will be able to do the 'heavy lifting'.
How Finance Works
Based on a popular class taught by a Harvard Business School professor.If you're not a numbers person, then finance can be intimidating and easy to ignore. But if you want to advance in your career, you'll need to make smart financial decisions and develop the confidence to clearly communicate those decisions to others.In How Finance Works, Mihir Desai--a professor at Harvard Business School and author of The Wisdom of Finance--guides you into the complex but endlessly fascinating world of finance, demystifying it in the process.Through entertaining case studies, interactive exercises, full-color visuals, and a conversational style that belies the topic, Professor Desai tackles a broad range of topics that will give you the knowledge and skills you need to finally understand how finance works. These include: How different financial levers can affect a company's performanceThe different ways in which companies fund their operations and investmentsWhy finance is more concerned with cash flow than profitsHow value is created, measured, and maximizedThe importance of capital markets in helping companies growWhether you're a student or a manager, an aspiring CFO or an entrepreneur, How Finance Works is the colorful and interactive guide you need to help you start thinking more deeply about the numbers.
The Free Mama
Learn what the "Have It All" lifestyle is REALLY all aboutIn The Free Mama, Lauren Golden, founder of The Free Mama Movement, teaches women how to have a life many have only dreamed about: one where they can make good money AND be there for their families -- without sacrificing one for the other and without guilt.Learn what balance REALLY is and how to work from home with little ones while still honoring your grown-up self and her dreams and goals. Life is not filled with either-or choices, but rather, is full of this AND that.Learn how to become a quitter, and why that can be the best thing you've ever done for yourself and for your family. You'll learn to have more by doing less.Find out why working moms rock, and why self-employment is the absolute best way for mamas to pursue their passion. Learn how the skills you already have are in great demand, and how to turn them into a successful business that produces a steady, predictable source of income.Lauren, a master at focus and time management, shows you how to set up systems and use the time you have in the best possible way. She shares her "Daily 5" approach to rocking each day's tasks, and teaches you how to set boundaries in your work and personal lives so that each gets your full attention.If you've had this nagging feeling that you were meant for more, this book will show you how right you are, and how within reach it is.
The Free Mama
Learn what the "Have It All" lifestyle is REALLY all aboutIn The Free Mama, Lauren Golden, founder of The Free Mama Movement, teaches women how to have a life many have only dreamed about: one where they can make good money AND be there for their families -- without sacrificing one for the other and without guilt.Learn what balance REALLY is and how to work from home with little ones while still honoring your grown-up self and her dreams and goals. Life is not filled with either-or choices, but rather, is full of this AND that.Learn how to become a quitter, and why that can be the best thing you've ever done for yourself and for your family. You'll learn to have more by doing less.Find out why working moms rock, and why self-employment is the absolute best way for mamas to pursue their passion. Learn how the skills you already have are in great demand, and how to turn them into a successful business that produces a steady, predictable source of income.Lauren, a master at focus and time management, shows you how to set up systems and use the time you have in the best possible way. She shares her "Daily 5" approach to rocking each day's tasks and teaches you how to set boundaries in your work and personal lives so that each gets your full attention.If you've had this nagging feeling that you were meant for more, this book will show you how right you are, and how within reach it is.
Cannabis Entrepreneur's Guide to Accounting, Taxation & Financial Compliance
Whether you are a pioneer in the marijuana industry and doing battle within corporate America for the first time, or a seasoned entrepreneur capitalizing on the "Green Rush", you cannot ignore the unique tax, legal and accounting challenges that are exclusive to cannabis businesses. Many cannabis company founders pour their blood, sweat and tears into their craft - safe and accessible marijuana products; however, expertise in the cultivation, extraction, branding and delivery to the customer must be complemented with world-class finance & accounting functions. Not only is this necessary for survival, but it's a requirement if you are looking to entice investors, secure lenders, and to maximize the value of your canna-business if you choose to sell it.This book aims to keep you out of trouble with regulators and is a guide to the rules and tools you need to be aware of to establish a competitive advantage through your finance & accounting functions. Your profitability can hinge on how you navigate the punitive tax law 禮 280E by properly applying the tax laws for inventories. A vast majority of those in the industry are screwing this up royally, even some with "cannabis accountants". IRS and state compliance audits can lead to fines, penalties and back taxes. Worse, your business may be shut down by regulators or fail due to poor record keeping and misinterpretation of applicable laws. This guide prepares you for the struggles of minimizing taxation and maintaining an audit ready cannabis business. The Courts have provided their insights in recent cases that give us some guidance in how to proceed, and we touch on them in this book. We tell you why 禮280E exists, when it applies, and what you can do about it. Industry best practices in bookkeeping, record keeping, and cost accounting are discussed. The need for financial statements in accordance with Generally Accepted Accounting Principles (GAAP) to pay the least tax possible and provide transparency to investors is explained.You will walk away with a keen sense of which services you will need to not only properly count the beans, but to grow your profits.
Success As a Financial Advisor for Dummies
A must-have reference for financial advisors In step-by-step detail, Success as a Financial Advisor For Dummies covers how a current or would-be financial advisor can maximize their professional success through a series of behaviors, activities, and specific client-centric value propositions. In a time when federal regulators are changing the landscape on the standard of care that financial services clients should expect from their advisors, this book affords professionals insight on how they can be evolving their practices to align with the regulatory and technological trends currently underway. Inside, you'll find out how a financial advisor can be a true fiduciary, how to compete against the growing field of robo-advisors, and how the passive investing trend is actually all about being an active investor. Additionally, you'll discover time-tested advice on building and focusing on client relationships, having a top advisor mindset, and much more. Master the seven core competencies Attract and win new business Pick the right clients Benchmark your performance Start your own firm Brimming with practical expert advice, Success as a Financial Advisor For Dummies is a priceless success tool for any wannabe or experienced financial advisor.
The Millionaire Choice
The Millionaire Choice inspires and equips anyone with hopes for a better financial future.
Become the Millionaire Next Door
Over the past 40 years, Tom Stanley and his daughter Sarah Stanley Fallaw have been involved in research examining how self-made, economically successful Americans became that way. Despite the publication of The Millionaire Next Door, The Millionaire Mind, and others, myths about wealth in American still abound. Government officials, journalists, and many American still tend to confuse income with wealth. A new generation of household financial managers are hearing from so-called experts in personal financial management due to the proliferation of the cottage industry of financial blogs, podcasts, and the like. In many cases, these outlets are simply experiences shared without science, case studies without data based on broader populations. Therefore, the authors decided to take another look at millionaires in the United States to examine what changes could be seen 20 years after the original publication of The Millionaire Next Door. In this book the authors highlight how specific decisions, behaviors, and characteristics align with the discipline of wealth building, covering areas such as consumption, budgeting, careers, investing, and financial management in general. They include results from quantitative studies of wealth as well as case studies of individuals who have been successful in building wealth. They discuss general paths to building wealth on your own, focusing specifically on careers and lifestyles associated with each path, and what it takes to be successful in each.
Accounting Quickstart Guide
The Ultimate Beginner's Guide to Accounting for Students and Business Owners! UPDATED AND EXPANDED 3RD EDITION Meet Josh Bauerle, reluctant accounting student turned super CPA and author of the Accounting QuickStart Guide, 3rd Edition. This revolutionary book expertly simplifies accounting fundamentals and is an invaluable resource for accounting students, business owners, bookkeepers, and other finance and record keeping professionals everywhere! Whether you are a business owner looking to boost your bottom line or an accounting student looking to boost your grade, this book will prove indispensable on your journey. Why do accounting students, business owners, and finance professionals love this book so much? The Accounting QuickStart Guide smashes the myth that says accounting must be dry, dense, and difficult to learn. Josh Bauerle simplifies the core principles of accounting with entertaining stories and examples as well as clarifying illustrations and practice problems--all of which combine to provide learners a path to fast and effective mastery of the material. *FOR BUSINESS OWNERS* Learn how to control your cash flow, audit-proof your business, and increase your profits. The Accounting QuickStart Guide will teach you the key insights to boost your bottom line in an easy-to-read, informative format. *FOR ACCOUNTING STUDENTS* Learn the fundamental principles of both financial and managerial accounting in an engaging and educating format that you simply will not find in any textbook. Understand core accounting concepts such as the fundamental accounting equation, financial statements, managerial accounting and more through practical, real-world examples. Utilize the Accounting QuickStart Guide to supplement existing material for high school, undergraduate, or graduate courses. You'll Learn: The Logic and Methods of Classic Double-Entry Accounting! Business Entity Types; Their Pros, Cons and Their Financial Statements! The Principles of Financial Accounting, Managerial Accounting and Tax Accounting! GAAP Standards and Why They Matter to Accountants! How to Fraud-Proof Your Business Using Simple Accounting Tactics! *FREE INVESTING DIGITAL RESOURCES: Each purchase includes access to the ClydeBank Media Small Business Digital Asset Vault which contains tons of online resources including workbooks, cheat sheets, calculators reference guides, chapter summaries and more! Follow the instructions in the book to receive your free digital resources.
From Zero to Zen
For readers feeling overwhelmed by the financial management required to run an outstanding coaching or creative business, this book will set them on the road to success.
Pick a Number, Second Edition
The first edition of this book explained the efforts of the International Accounting Standards Board (IASB) to develop accounting regulations to be used worldwide. In 2002, progress was accelerated by the decision of Financial Accounting Standards Board (FASB) in the United States to converge their regulations with international standards. This second edition describes the successes and failures of the convergence project. The U.S. involvement brought about many changes in corporate financial reporting, but there were differences in opinions on specific issues. This resulted in the FASB, US focusing on its own regulations. We explain the main convergence achievements and also the differences leading to the end of the project. Our analysis reviews new developments in corporate reporting, including the issues of sustainability, governance, and integrated reporting.
The Ultimate Business Growth Formula
The Ultimate Business Growth Formula teaches business owners how to adapt the formula to any kind of Business and market. The formula presents a strategized, step-by- step transformative approach that works seamlessly for any business. Discover in this book the 5 key components which are the foundational cornerstone of your business yet missing from almost every Business - whether new or established, large or small, online or offline or a traditional brick and mortar - independent of what product of service you sell. The book also highlights the 9 core elements, termed as the DNA of marketing. When you discover these core elements, you will realize why your marketing isn't working as expected and when you use them, you get great results. This breakthrough formula yields quick results with "little or no cost". Jayant Hudar has put his expertise into this new book that not only discusses the business growth formula, but a plethora of strategies and tactics for immense business growth in a short time frame (as short as the same day) to see dramatic results
Using Accounting & Financial Information
Accounting is often referred to as the language of business. Unfortunately, many business professionals lack the required fluency in this unique language to perform basic financial analysis, prepare budgetary forecasts, or to compare competing capital investment alternatives. This book targets individuals with limited exposure to-or formal training in-accounting and related finance disciplines. These individuals include-but certainly are not limited to-engineers, information technology specialists, retail managers, entrepreneurs, marketing directors, construction contractors, attorneys, and bankers who are making career transitions from consumer lending positions to become commercial loan officers. The primary purpose of this book is to help managers and business owners from diverse professional and educational backgrounds to (1) converse more effectively with their accounting and finance colleagues; (2) understand the structure and the elements of general purpose financial statements; (3) identify both the usefulness and the limitations of accounting information; (4) prepare budgets and financial forecasts; and (5) make sense of commonly used decision-making models.
Strategic Cost Analysis, Second Edition
Increasing business competition is compelling managers not only to develop realistic and achievable strategies but also to analyze goals in financial terms and to evaluate performance. But where do you, as a manager, learn about the key methods and techniques of strategic cost analysis? This text explains in simple language the methods and techniques of cost analysis that can be applied strategically at any level in an organization-be it manufacturing, service, or the nonprofit sector. Since the interaction of the organization's activities, the influences of the external world, and your responsibilities as a manager need to be captured in financial terms to help plan, control, and make decisions, this book is what you'll require in today's world.
The Italian and Iberian Influence in Accounting History
The Italian and Iberian Influence in Accounting History provides compelling evidence of how accounting, when conceived of as a technology rather than simply as a tool to increase efficiency, can work as a means to sustain power relations in different sites, such as the Church, the State or the factory.
Inflation Policy and Unemployment Theory
A major advance toward understanding the forces that lead to inflation and unemployment, this study takes a cost-benefit approach to monetary planning. Professor Phelps views a reduction of inflation by monetary means as a social investment and argues that such an investment must be subjected to cost-benefit tests. By extending his analysis into questions of efficiency and resource allocation, he integrates the modern microeconomic theory of unemployment with the theory of optimal inflation. Another element of the analysis, the doctrine of optimum liquidity, is reassessed and found to require important revisions.
Cash, Corruption and Economic Development
This book examines the causes of corruption and crime and highlights the cause of comfort to all those who accept bribes and kickbacks. The comfort is paper currency because it does not leave a signature of its movement from one entity to the other. Today, with the technology available, we can make the transition to a paper currency free economy, which will help stop corruption and crime and will give a boost to economic development.This book analyses the cause of corruption and presents a model to replace the present model, a model to be implemented by the central bank of the country which is making the transition and followed by the banks operating within that jurisdiction.
Prosper Up!
This is an entirely unique educational prosperity-building program unlike any other available today and was created for the benefit of the participants for the common good and future prosperity for each of them. It has become my personal and passionate pursuit and one that has created a Christian-based formula for prosperity success for each of our participants.
Prosper Up!
This is an entirely unique educational prosperity-building program unlike any other available today and was created for the benefit of the participants for the common good and future prosperity for each of them. It has become my personal and passionate pursuit and one that has created a Christian-based formula for prosperity success for each of our participants.
Accounting 101
A quick and easy guide to help you learn the basics of accounting. The ability to negotiate a deal. Confidence to oversee staff. Complete and accurate monitoring of expenses. In today's business climate, these are must-have skills. But all too often, comprehensive business books turn the important details of best practices into tedious reading that would put even a CEO to sleep. This bestselling series is packed with hundreds of entertaining tidbits and concepts that can't be found anywhere else. From hiring and firing to strategizing and calculating revenues, these guides can help you learn core business and career concepts--no MBA required! So whether you're a new business owner, a manager, or entry-level employee, this series has the answers you need to conduct business more efficiently.
Accounting for Small Business Owners
All the financial accounting a small business will ever need Owning and running a small business can be complicated. On top of developing, marketing and selling your product or service, you've got to be prepared to handle the money thats coming in, pay your employees, track expenditures, consider your stock options, and much more. Accounting for Small Business Owners covers the entire process of establishing solid accounting for your business and common financial scenarios, and will show you how to: Set up and run your business Manage and sell your product or service Perform a month-end balancing of accounts Packed with definitions of basic accounting terms, sample accounting statements, and a wealth of tips and tricks to simplify the accounting process, Accounting for Small Business Owners has everything you need to get the job done!
Productivity Accounting
This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Chief Value Officer
This book firmly places the accountant in the position of changemaker. It encapsulates the essential reasons for adopting integrated reporting, explains its application and proposes the next steps of developing the role of Chief Finance Officer to Chief Value Officer.
The Simple Side of Financial Management
The Simple Side of Financial ManagementManaging Finance Should Not Be Difficult, Boring or Scary Learn to understand some of the more complex aspects of financial management in a simpler context. If you are interested in understanding financial management in greater detail, but you are just not in the mood for those stale academic written, hard to understand, boring textbooks, then this book is just for you.If you are simply looking for additional information and wish to supplement your existing knowledge on financial management, well then this book is for you.For the sake of covering both angles, this book includes the academic writing, as well as simpler written interpretations of the same information. The non-academic people amongst us, or simply those who will benefit from a simpler side of things can benefit none the less.With a pinch of salt, a dash of garnish, this book will help you understand some of the in-depth parts of the financial management paradigm.You may at some parts feel that you have completely lost your way, but fear not. As I have, and many before us, you will survive the journeys into the paradigms of the business management empire.You will learn about Financial Management Principles and ConceptsTopics in this section deal with: Financial Management versus. AccountingFive Users of Financial StatementsProjected Income StatementsTime value of MoneyOrganizational Budget TypesTypes of VarianceRatio AnalysisCost AnalysisFailure FactorsYou will learn about Financial Management Formulations, Valuations, CalculationsTopics in this section deal with: Share ValuationsBondsCost Comparison AnalysisOrganization valuationYou will learn about Financial Management in practiceTopics in this section deal with: Ratio AnalysisCost-Volume-ProfitMergers and acquisitionsForward MarketAbout The AuthorI am the founder of http: //nextceo.co.za, a member of Mensa, a serial entrepreneur, specialist software engineer and the author of various business and information technology related articles and books. Additionally, I have authored and co-authored various other articles under pen names.I have no doubt you will find this book of significant value. Scroll up and grab a copy now.
Digital Transformation
Digitalization is here to stay. Digitalization is placing unprecedented pressure on organisations and government institutions to evolve. At the present rate, 75% of the S&P 500 incumbents would be gone by 2027. That means managing our collective transition to a digitally-driven business model is vital and crucial to our quest for a prosperous nation. And since digital touches so many parts of our lives, society and development, any significant reform program requires coordination of people, processes, and technologies. This transition toward a successful value delivery needs new skills, a holistic vision on growth trends and challenges, and a seamless collaboration between technology and governance. This book therefore defines, justifies and outlines the urgent steps needed for digital transformation in the Nigerian public service. At the heart of this clarion call is the on-going civil service reform, a process which has yet to formulate and implement a comprehensive as well as an integrated strategy to digitise public infrastructure and services - a matter which should be of national urgency. The Nigerian public wants quality services to be delivered faster, better, greener, cheaper, more integrated and more ecologically friendly. Nigeria's dependence on ever-fluctuating oil prices, which are today near their lowest in recent national economic history, entails that these improvements must be delivered at a lower cost than ever before. This means that the drive for greater efficiency must be relentless, and productivity must continue to improve. Public sector productivity has often been static (and sometimes regressive) whilst the private sector has grown year after year. The need for efficiency and economic sustainability implies that government work, wherever possible, must become digitally enabled and integrated within its numerous Ministries, Departments and Agencies (MDAs). Around the world, governments are embracing digital transformation through digital service enablement. Government digital service is becoming the norm and is central to technology adoption in the public service globally. It is also true that wealthy nations are exploring the possibility of using blockchain technology that underpins the bitcoin crypto-currency to increase efficiency in the delivery of high quality and trust-based services. According to the Greeks, "A society grows great when old men plant trees whose shade they know they shall never sit in." Nigerian government leaders are therefore invited to consider seriously digitising their public services as detailed in this book.
Accounting and Money for Ministerial Leadership
About the Contributor(s): Nimi Wariboko, a former investment banker, is the Katherine B. Stuart Professor of Christian Ethics at Andover Newton Theological School. He is author of God and Money: A Theology of Money in a Globalizing World (2008) and The Depth and Destiny of Work: An African Theological Interpretation (2008).
The Guide to Understanding Financial Statements
This guide to understanding financial statements assumes no prior knowledge of accounting or mathematics, or even business sophistication. It contains numerous worked-out examples and sample balance sheets which clarify explanations, while end-of-chapter questions make the book useful for self-study and training programmes. Now in its second edition, it features new and expanded coverage of cash flow analysis, Subchapter S corporations, LIFO/FIFO accounting and profit margin analysis.
Introductory Accounting
Accurate accounting is the key to a successful business. But when you're dealing with assets and liabilities, profit and loss, and debits and credits, juggling all the numbers can quickly get confusing. Introductory Accounting gives you everything you need to know about basic financial accounting to manage your dollars and cents and keep your accounts in order. Ideal for small businesses, as well as any large company bookkeeper, this book covers: - Structuring your business and choosing an accounting method.- Setting up an accounting system and basic operating procedures (tracking sales, determining costs, managing cash, etc.).- Creating employee records, maintaining a payroll system, and accounting for benefits.- Keeping tax and benefit records.- Reporting costs.- Closing out cash journals and employee accounts at month-end and balancing ledgers.- Preparing month-end and year-end statements and reports. - Producing a balance sheet and monthly profit-and-loss (P&L) statements.- Using accounting software.
Financial Fine Print: Uncovering a Company’s True Value
FINANCIAL FINE PRINT "A must-read for any investor serious about knowing what they own. With the help of some of the best financial detectives, Michelle Leder provides a roadmap for delving beneath the surface -- where most investors dare not tread." --Herb Greenberg, Columnist, TheStreet.com and Fortune magazine "Obfuscators beware! Michelle Leder has cracked the code. In this invaluable guide to combing the footnotes of financial statements for indicators of accounting tricks and attempts to hide the bad news needles in a haystack of numbers. This is a clear, sensible, and, above all, practical guide that will be indispensable for anyone who invests in, does business with, or works for a corporation." --Nell Minow, Editor, The Corporate Library "Too many companies would prefer that you not read the footnotes," observes former SEC chairman Arthur Levitt. "That should be incentive enough to delve into them." In fact, not only do companies prefer you ignore the details they are required to report--the pesky particulars on exactly how they account for those whopping earnings--they take calculated steps to make this information as hard as possible to understand. But for those who know how to look, the facts that predict a company's true prospects are usually hidden in plain sight. Financial Fine Print gives you the tools you need to break down annual reports and SEC filings, make sense of the deliberately cryptic language of footnotes, and get the real goods on a potential investment. To make money in today's tough market, investors have to make eliberate, well-researched choices. To do this requires not only having the right information, but also knowing how to decode it. With their obscuring tactics, companies won't help you any. So be advised: those who would help themselves--and expect to profit--should get down to the nitty-gritty of Financial Fine Print.
Six Dollar Family
Is Your Family a Six Dollar Family? What if you had the tips you need to go from six dollars to six figures? It's quite possible! Even if you don't make six figures a year!Are you tired of years of struggling financially, overspending and under budgeting? Tired of dreaming of when "someday" will come and suddenly everything will be okay? Someday is here! Six Dollar Family: From Six Dollars to Six Figures is your toolbox of frugal living ideas, budget saving advice, financial crisis management and more to arm yourself with the info that you need to go from six dollars...to six figures! You've read the blog now get the book that started it all! Are you really frugal? See the characters of a truly frugal person versus simply thrifty and figure out which one you fall under. Is your budget too tight or even non-existent? Learn the 3 most common budget types and how to find one that works for you. Are your expenses keeping you broke? Learn how to get past the small savings and cut right to saving big bucks. Are your finances currently in crisis mode? Find a step by step walk through for how to handle a budget crisis so that your family comes out shining on the other side. How to give awesome gifts for cheap...or even free! Why your dryer is costing you thousands and what to do about it How to teach your kids to manage money and why you should start early Simple ideas for boosting your income and more! Six Dollar Family gives you the tips and tricks that you will need to take your family's budget to the next level. Tried and true, these tips are what you've been waiting for to help kick your savings up a notch, knock your budget back into place and really take hold of your money!
1,001 Accounting Practice Problems for Dummies
Get up to speed quickly--review and practice major concepts in accounting! Whether you're looking to improve your classroom experience, or simply become more familiar with accounting concepts, 1,001 Accounting Practice Problems For Dummies is the hands-on tool you need to get a step ahead. The book's practice questions and review content go hand-in-hand with the content offered in Accounting For Dummies, ensuring that you have a working knowledge of the most important concepts and skills in accounting. This practical resource gives you access to tons of helpful online content, including practice problems in multiple-choice format, and customizable practice sets for self-directed study, all available on the go through your smartphone, laptop, or tablet. Practice problems are categorized as easy, medium, or hard, so you can build your knowledge at your own pace. A perfect companion for anyone looking to increase their accounting skills, this book has the added benefit of offering review and practice useful for individuals looking to pass their accounting courses and lay the groundwork for an accounting career. Filled with practice questions, review content, tips, and explanations for anyone interested in accounting principles Includes tons of online practice content, such as multiple choice questions and customizable practice sets, all available with purchase of the book Ideal for individuals looking to pass an accounting class or start a career in accounting Serves as an excellent companion resource to Accounting For Dummies Packed with endless practice opportunities, 1,001 Accounting Practice Problems For Dummies has everything you need to jumpstart your journey into accounting and financial documentation.
Accounting for Small Business Owners
All the financial accounting a small business will ever need Owning and running a small business can be complicated. On top of developing, marketing and selling your product or service, you've got to be prepared to handle the money thats coming in, pay your employees, track expenditures, consider your stock options, and much more. Accounting for Small Business Owners covers the entire process of establishing solid accounting for your business and common financial scenarios, and will show you how to: Set up and run your business Manage and sell your product or service Perform a month-end balancing of accounts Packed with definitions of basic accounting terms, sample accounting statements, and a wealth of tips and tricks to simplify the accounting process, Accounting for Small Business Owners has everything you need to get the job done!
Lean Auditing
"How can you argue with the core principles of Lean, that you focus on what provides value to your customer and eliminate work that is not necessary (muda)? Internal auditors need to understand not only who their primary customers are, but what is valuable to them - which in most cases is assurance that the risks that matter to the achievement of objectives are properly managed. We need to communicate what they need to know and not what we want to say. This incessant focus on the customer and the efficient production of a valued product should extend to every internal audit team. How else can we ensure that we optimize the use of our limited resources to address the dynamic business and risk environment within which our organizations operate?" Norman Marks, GRC Thought Leader Using lean techniques to enhance value add and reduce waste in internal auditing Lean Auditing is a practical guide to maximising value and efficiency in internal audit through the application of lean techniques. It is an ideal book for anyone interested in understanding what progressive, value adding audit can be like. It is also ideal for anyone wondering whether audit activities can be streamlined or better co-ordinated with other activities. The book contains practical advise from the author's experience as CAE of AstraZeneca PLC; from his work as a consultant specializing in this field; as well as insights from leading CAEs in the UK, US and elsewhere. In addition, there are important insights from thought leaders such as Richard Chambers (IIA US) and Norman Marks (GRC thought leader) and Chris Baker (Technical Manager of the IIA UK). Increasing pressure on resources is driving a need for greater efficiency in all areas of business, and Internal Audit is no exception. Lean techniques can help streamline the workflow, but having only recently been applied to IA, lack the guidance available for other techniques. Lean Auditing fills this need by combining expert instruction and actionable advice that helps Internal Auditors: Benchmark their efficiency against lean ways of working Understand warning signs of waste and lower added value Understanding practical ways of working that improve added value and reduce waste Gain confidence about progressive ways of working in internal audit Understand how improved ways of working in audit can positively impact the culture of the wider organization One of the keys to the lean audit is finding out exactly what the stakeholder wants, and eliminating everything else. Scaling back certain operations can delineate audit from advisory, and in the process, dramatically improve crucial outcomes. To this end, Lean Auditing is the key to IA efficiency.
The Future of Strategy
Own the Future of Your Industry with a Transformational Strategy Designed for Today's Business WorldLeaders today are inundated with strategic opportunities, besieged by business disruptions, andpressured to innovate--to do things better, faster, or differently. The CEO of a Fortune 500 firm explains it best: "I am looking at 23 different strategic initiatives. Trying to develop and implement so many strategies is like trying to change the driver, tires, the oil, and the bumpers; paint the body; and tune the engine. And doing all of this on a car that's running at full speed."The answer used to be found in strategy. But in thepast decade, the commonly deployed large-scale strategic exercises were largely discredited. They were slow and elaborate and did not deliver the expected returns, let alone help make sense of a glut of initiatives or cope with an increasingly unpredictable future.The Future of Strategy brings strategy back fromthose big top-down plans. It answers the questions of executives facing tumultuous business conditions and rapidly shifting markets: Is strategy still possible? Yes. Aren't strategies outdated before they can be implemented? Not if they are done right. Rather than developing strategy, aren't we better off being agile and able to capitalize on emerging trends faster than our peers? Agility complements strategy; it cannot replace it.This book is about reversing course and repositioningstrategy in its rightful place as the overarchingmanagement system. The authors introduce their core methodology, designed to future proof companies against the friction and "fog of war" that inexorably accompany changing times. They synthesize three fundamental principles that, when combined, provide the means to reclaim strategy: Take direct cues from fundamental trends affecting the company going forwardEngage people across the company to translate these cues into strategy and effectively eliminate the handover hurdle between formulation and execution, a major reason for strategy failureCapture the output as competitive opportunities and manage their life cycles--when some have run their course, others are ready to take overStrategy today requires stepping over the shadows of one's own ingrained beliefs to capture new opportunities.This book reveals the inner workings of transformational strategies developed by leaders who gradually become more successful by advancing winning combinations of attitudes, values, habits, and practices.
Pricing Financial Instruments
St瓣ndig werden neue und immer komplexere Finanzprodukte entwickelt, f羹r deren Analyse neue und immer komplexere mathematischen Modelle und Algorithmen n繹tig sind. Die Computational Finance l繹st dieses Problem. Sie integriert mathematische Analyse, finanzwirtschaftliche Theorien und Computertechnologie und stellt damit einen quantitativen Ansatz f羹r das Risikomanagement dar. Computational Finance umfa?t computergest羹tzte Methoden und basiert auf algorithmischen und numerischen Verfahren moderner Finanzmathematik; mit ihrer Hilfe werden auch neue Finanzprodukte geschaffen. "Finite Differences in Pricing Financial Instruments" ist das erste Buch auf dem Markt, das in die Grundlagen der Computational Finance einf羹hrt und dabei sowohl die Theorie als auch die Anwendung in der Praxis abdeckt.
World-class Internal Audit: Tales from My Journey
Recognized as one of the premier thought leaders in internal auditing, Norman Marks served as the chief audit executive at global companies for more than twenty years. He now spends his time speaking and presenting at conferences around the world on internal audit, risk management, governance, and better-run business.This book is about the professional experiences that shaped Norman and led him to be acknowledged by audit committees, company executives, and his peers as the leader of world-class internal audit teams.Read what led people to say about Norman and his team: -"Internal audit provides us with a competitive advantage"-"You have yet to perform an audit I wouldn't gladly pay for"-"You help the audit committee sleep through the night"-"You are not a typical internal auditor"A current chief audit executive who worked with Norman at two different companies had this to say: "Norman had a unique leadership philosophy where he adapted to the demands of the situation, the abilities of the staff and the needs of the organization. He was able to move between leadership styles utilizing the one needed for the challenges that the company was facing. He was at times visionary along with a coaching emphasis while not micromanaging. Norman set high standards, was democratic but occasionally would utilize a classic authoritarian style when needed with certain employees and situations. Norman moved easily between leadership styles which resulted in developing World Class departments. As the Chief Audit Executive for a semiconductor company I still consult Norman on various audit topics and practice leadership techniques I learned under his tutelage."
World Class Speaking in Action
Let 50 World Class Speaking Coaches Show You How to Keep Your Audience on the Edge of Their Seats and Turn Your Presentations Into Profits. The World Class Speaking In Action 6-Part System provides you with real life examples and case studies on how to... * Craft an unforgettable message that hits home with your audience * Deliver your speech in a way that keeps your audience on the edge of their seats * Sell your message so your audience members take the exact next step you want them to take * Master leading-edge technologies and speak to thousands without even leaving home World Class Speaking In Action is a definitive guide for the professional speaking and coaching industry. Until now, public speaking books have covered either the art of public speaking or the business of public speaking. World Class Speaking In Action shows you how to master both. World Class Speaking is the one-stop-shop for building breakthrough presentations and turning them into bundles of profits!
Advanced Excel Reporting for Management Accountants
The advanced tools accountants need to build automated, reliable, and scalable reports using Excel Learn about the functions that work together to automate many of the processes involved in Management Reporting. See how to take advantage of the many new features of Excel 2007 and 2010. Find out how to build validation structures into your spreadsheet reports. Discover how to identify missing or new codes, either in the creation process or in the day-to-day running of the reports. Do it all with Advanced Excel Reporting for Management Accountants. Explore the structures that simplify the report creation process and make the reports more maintainable Learn techniques to "cleanse" data so that it is ready for use in Pivot Tables and formula-based reports Find out the tips and tricks that can make the creation process quicker and easier Discover all you need to know about Excel's summing functions and how versatile they can be Written in a hands-on style that works towards the completion of two reporting case studies, Advanced Excel Reporting for Management Accountants explains and demonstrates techniques so that Management Accountants can learn how to automate many aspects of the reporting process.
The Causes and Consequences of Income Tax Noncompliance
The Role of Audits and Enforcement in Taxpayer Noncompliance: Theory.- Evidence Concerning Taxpayer Noncompliance: The Tax Gap.- Evidence Concerning Taxpayer Noncompliance: Enforcement.- Empirical Analysis of Federal Income Tax Audits and Compliance.- The Effect of Audits on Federal Income Tax 1977-1986.- The Effect of Audits and Criminal Investigations on Federal Income Tax 1987-2004.- The Effect of IRS Service Activities on Taxpayer Compliance.- The Role of Tax Preparers on Taxpayer Compliance.- State Income Tax Compliance.- Extensions.- Conclusions.
Technical Analysis from A to Z, 2nd Edition
Millions of traders participating in today's financial markets have shot interest and involvement in technical analysis to an all-time high. This updated edition of Technical Analysis from A to Z combines a detailed explanation of what technical analysis is and how it works with overviews, interpretations, calculations, and examples of over 135 technical indicators--and how they perform under actual market conditions. Enhanced with more details to make it easier to use and understand, this book reflects the latest research findings and advances. A complete summary of major indicators that can be used in any market, it covers: - Every trading tool from the Absolute Breadth Index to the Zig Zag- Indicators include Arms Index, Dow Theory, and Elliott Wave Theory - Over 35 new indicators
Technology Valuation Solutions
A better way to value the profitability and risk of R&D projects New technology and R&D initiatives affect companies in both the service and manufacturing sector. It's estimated that half a trillion dollars is spent worldwide each year on such efforts. Technology Valuation Solutions + website offers a methodology along with illustrative cases for valuing the profitability and risk of R&D projects. A companion to Boer's earlier work, The Valuation of Technology (978-0-471-31638-1), this book provides additional material that will help readers assess a wide variety of projects and business scenarios. In addition to the in-depth case studies, this book includes a website featuring valuation templates that readers can customize for their own individual needs.
Fraud Analytics
Proven guidance for expertly using analytics in fraud examinations, financial analysis, auditing and fraud prevention Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations. This valuable resource reviews the types of analysis that should be considered prior to beginning an investigation and explains how to optimally use data mining techniques to detect fraud. Packed with examples and sample cases illustrating pertinent concepts in practice, this book also explores the two major data analytics providers: ACL and IDEA. Looks at elements of analysis used in today's fraud examinations Reveals how to use data mining (fraud analytic) techniques to detect fraud Examines ACL and IDEA as indispensable tools for fraud detection Includes an abundance of sample cases and examples Written by Delena D Spann, Board of Regent (Emeritus) for the Association of Certified Fraud Examiners (ACFE), who currently serves as Advisory Board Member of the Association of Certified Fraud Examiners, Board Member of the Education Task Force of the Association of Certified Anti-Money Laundering Specialists ASIS International (Economic Crime Council) and Advisory Board Member of the Robert Morris University (School of Business), Fraud Analytics equips you with authoritative fraud analysis techniques you can put to use right away.
