Financial Management
USGAAP and IFRS Standards, Volume 6
1st Edition
Published on 16. April 2018
408 pages
978-1-119-52239-3 (ISBN)
Description
This book combines the fundamentals of finance with relevance and effectiveness. It allows for the practice of this subject and covers all the programs of business schools, universities' finance courses, and engineering schools. This book is a relevant tool to acquire all the knowledge required for examination success and the achievement of proven practical competences.
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Aldo Levy | Faten Ben Bouheni | Chantal Ammi
Financial Management
USGAAP and IFRS Standards, Volume 6
Book
03/2018
1st Edition
Wiley-ISTE
€206.77
Shipment within 3-4 weeks
Content
- Cover
- Half-Title Page
- Title Page
- Copyright Page
- Contents
- Introduction
- 1. Value: IFRS vs. US GAAP
- 1.1. Value and the time
- 1.1.1. Cost of money, interest rate (nominal and real)
- 1.2. The time value of money: US GAAP
- 1.3. Future value and present value: capitalization and discounting in discrete time
- 1.3.1. Simple interest
- 1.3.2. Compound interest
- 1.4. US GAAP: future value and present value of rules of time travel
- 1.4.1. US GAAP: Effective annual rate and annual percentage rate
- 1.4.2. US GAAP: the determinants of interest rates
- 1.5. Annuities and unearned income: IFRS
- 1.5.1. Value of a sum of constant annuities
- 1.5.2. Current value of a sum of constant annuities
- 1.5.3. The updating of constant sums over an infinite period: the return
- 1.6. Calculating net present value and future value: US GAAP
- 1.6.1. Constant annuities of cash flows
- 1.6.2. Perpetuity
- 1.6.3. Growing cash flows
- 1.7. Market value
- 1.7.1. Relation required rate: value
- 1.7.2. Valuation of fixed rate debt
- 1.8. Actuarial rate of return
- 1.9. Value and risk
- 1.9.1. Probabilities and expected returns
- 1.9.2. Uncertain expected rate of return
- 1.9.3. Couple profitability, a risk: representation of expectation/standard deviation
- 1.9.4. Introduction to diversification: the case of two assets
- 1.9.5. Notions of diversification and non-diversifiable risk
- 1.9.6. Modeling randomized profitability with a two-factor model
- 1.10. Value and information
- 1.10.1. Information and uncertainty
- 1.10.2. Information efficiency
- 1.10.3. Exercises Exercise
- 2. Diagnosis of Financial Statements: IFRS
- 2.1. Economic and financial analysis of business data
- 2.1.1. Principles and levels of study
- 2.1.2. Typology of financial analysis
- 2.1.3. Destination of the financial statement analysis
- 2.2. Financial reading of the balance sheet
- 2.2.1. Principles of financial statement preparation
- 2.2.2. Mechanism
- 2.2.3. Functions: financing, investment, exploitation and distribution
- 2.2.4. Investment study
- 2.2.5. Random analysis
- 2.2.6. Undetermined analysis
- 3. Analysis of the Financial Structure: IFRS vs. US GAAP
- 3.1. Major functions of the French Accounting Plan
- 3.1.1. Assets
- 3.1.2. Current liabilities
- 3.1.3. Sustainable resources
- 3.1.4. Fixed assets
- 3.1.5. Calculation of global net revolving fund
- 3.2. The need for working capital requirement (WCR)
- 3.2.1. WCRE (or WCE)
- 3.2.2. WCREE
- 3.2.3. Recommendations on the need for working capital
- 3.2.4. WCR in days of HVAC
- 3.3. Net cash
- 3.3.1. Cash flow and the result are linked without being correlated
- 3.3.2. Analysis and recommendations
- 3.3.3. Financial analysis in market value
- 3.3.4. Presentation of the balance sheet in net asset values
- 3.3.5. Structural risks
- 3.3.6. The risk of imminent failure
- 3.3.7. Recommendations
- 3.4 Balance sheet analysis: US GAAP
- 3.4.1. Balance sheet features
- 3.4.2. Balance Sheet Diagnosis
- 4. Analysis of Activity: Analysis of Profit and Loss Account: IFRS vs. US GAAP
- 4.1. Profitability and management performance
- 4.1.1. Intermediate Management Balances
- 4.1.2. Current exploitation
- 4.1.3. Non-operating current
- 4.2. Management indicators of the Banque de France
- 4.2.1. Partial or current indicators
- 4.2.2. Global indicators
- 4.3. Correspondences of FCA indicators - Banque de France
- 4.4. CAF cash flow
- 4.4.1. Principles
- 4.4.2. FCA approach
- 4.4.3. Analysis of the Order of Chartered Accountants
- 4.5. Renewed indicators (IFRS) of management
- 4.5.1. EBITDA
- 4.5.2. ROA
- 4.5.3. ROE
- 4.5.4. NOPAT
- 4.5.5. ROCE
- 4.5.6. COFROI
- 4.5.7. Free cash flow
- 4.5.8. EVA MVA
- 4.6. Income statement analysis: US GAAP
- 4.6.1. Case study 1: Mydeco Corporation
- 4.6.2. Case study 2: Atlas
- 5. Analysis of Operational Profitability and Risk: IFRS
- 5.1. Profitability according to the chosen full cost model
- 5.1.1. Results Achieved in Full Cost by Analysis Centers and Unit Cost of Indirect Costs
- 5.1.2. Study
- 5.1.3. Results obtained in full cost by activity (Activity by Costing)
- 5.2. Budget based on normal activity
- 5.2.1. Activity
- 5.2.2. Budget for which indirect costs are unbundled in terms of being variable and fixed
- 5.2.3. Cost-effectiveness
- 5.2.4. Profitability
- 5.3. The breakeven point
- 5.3.1. Representation
- 5.3.2. Indicators of profitability
- 5.3.3. Decision-making
- 5.4. Operating leverage
- 5.5. Return on equity
- 5.5.1. Economic profitability
- 5.5.2. Leverage
- 5.5.3. Financial Leverage
- 6. Analysis by Ratios: IFRS
- 6.1. Composition and evolution ratios
- 6.1.1. Flow/Level
- 6.1.2. Level/Level
- 6.1.3. Levels/Flows
- 6.1.4. Flux/Flux
- 6.1.5. Flow/Level
- 6.1.6. Combination
- 6.2. Database
- 6.2.1. Activity ratios, profitability, balance, investment, debt, profitability of the Banque de France
- 6.2.2. Expeditious method of credit managers
- 7. Analysis by Flux Tables: IFRS vs. US GAAP
- 7.1. Functional chart of the French Accounting Plan
- 7.1.1. Table of changes in total net working capital WC
- 7.1.2. Table of changes in working capital requirement
- 7.1.3. Synoptic diagram of the links between two-year financial statements
- 7.2. Financing table of the Banque de France
- 7.2.1. Functional balance
- 7.2.2. Cash flow statement
- 7.3. Cash flow statement of the French Association of Chartered Accountants
- 7.3.1. Net cash flows from operations
- 7.3.2. Net cash flows from investments
- 7.3.3. Net cash flows related to financing
- 7.3.4. Change in balance sheet cash position
- 7.3.5. Diagnosis of the financing table of the French Association of Chartered Accountants
- 7.4. Free cash flow table spanning several years
- 7.4.1. The method
- 7.5. Summary of the restatements of financing and flow tables
- 7.5.1. Table
- 7.5.2. Risk diagnosis
- 7.6. Statement of cash flow analysis: US GAAP
- 7.6.1. Features of cash flow statement
- 7.6.2. Cash flow statement diagnosis
- 7.7. Statement of stockholders' equity
- Conclusion
- Glossary
- Bibliography
- Index
- Other titles from iSTE in Innovation, Entrepreneurship and Management
- EULA
