财务管理策略

图书标准信息

• 作者 王锦程、[加拿大]普莱斯特 著
• 出版社 清华大学出版社
• 出版时间 2009-12
• 版次 1
• ISBN 9787302190929
• 定价 45.00元
• 装帧 精装
• 开本 16开
• 纸张 胶版纸
• 页数 215页
• 字数 313千字

【内容简介】

《财务管理策略》专为非财务经理们学习财务理论而准备：内容包括财务管理中的一系列重要问题。包括财务报表分析、系统的财务评估方法、资产流动性管理与销售增长、流动资本管理、预算、外汇与利率风险管理以及一个非常有用但不易理解的工具——经济增值（EVA）。

【目录】

1GoalsofFinancialManagement
1.1Introduction
1.2GettingMoreMileageOutofaCompanysAssets
1.2.1ImportantObservation
1.3WhatInformationDotheFinancialStatementsConveytotheManager
1.3.1AClose-UpoftheFinancialStatements
1.3.2AnImportantObservationabouttheBalanceSheetandtheIncomeStatement
1.4IncomeStatement
1.5FlowofFundsStatement
1.5.1ExampleofaFlowofFundsStatement

2FinancialStatementsAnalysis
2.1FiveKeyAttributesofPerformance
2.2Liquidity
2.2.1AUsefulAnalogy
2.3TheBroadStrategyofManagingaCompanysOperationalCashFlows
2.4AnalyticalFrameworkfor"SpeedinguptheDollarInflow"
2.5FinancialLeverage
2.6ActivityorProductivityofAssets
2.7TheOperatingCycle
2.8ObservationsabouttheOperatingCycleandPayableCycle
2.8.1AnExample
2.8.2TheEffectofthisStrategy
2.8.3AnotherExample
2.9Profitability
2.10TheDuPontApproachtoPerformanceAnalysis

3ASystematicApproachtoFinancialPerformanceAppraisalofaCompanyBasedonTrendAnalysis
3.1Introduction
3.2ThisSystematicApproachInvolvesFourStagesandIsBestExplainedByUsinganExample
3.2.1StageOne
3.2.2StageTwo
3.2.3StageThree
3.2.4StageFour
3.2.5AnAdditionalAnalysis——Liquidity
3.2.6ValuationRatios
3.3AnExampleofRatioCalculations

4Risk&DefensiveStrategies
4.1TheConceptofLeverageinBusinessFinance
4.2TheSafetyRatioandaCompanysBreak-EvenLevel
4.3DefensiveStrategies
4.3.1ExampleofDefensiveStrategy
4.4AnExampleofaSystematic4-stageAnalysisofCaseStudy#10
4.4.1StageⅠ
4.4.2StageⅡ
4.4.3StageⅢ
4.4.4StageⅣ
4.4.5ValuationRatios
4.5RRDistributorsAnalysisContinued

5LiquidityManagementandSalesGrowth
5.1GoingBrokeWhileSellingMoreThanEver
5.1.1LiquidityandSalesGrowth——IsRapidGrowthinSalesGoodNewsorBadNews

6WorkingCapitalManagement
6.1Introduction
6.2ModemCommunicationTechnologyandtheSmallerCompany
6.3-CurrentAssets
6.4CashandLiquidityManagement
6.4.1FirstCurrentAsset,OperatingCash
6.4.2SecondCurrentAsset——Receivables
6.4.3InventoryManagement
6.5BusinessIntelligence——TheKeyAsset
6.5.1InventoryRichness
6.6TwoApproachesinMeasuringtheCostsofReceivablesandInventories
6.7ReceivablesManagement——Introduction
6.7.1ReceivablesManagement
6.7.2Summary
6.8InventoryManagement
6.8.1Introduction
6.8.2InventoryManagement
6.9OperationalCashManagement
6.9.1Introduction
6.9.2GlobalDistributingExample
6.10FluctuatingShort-TermDebt
6.11CashManagement
6.11.1SomeUsefulQuestionstoAsk
6.11.2AccountsPayableManagement
6.11.3Summary
6.12InvestmentAnalysis
6.12.1Introduction
6.12.2InvestmentAnalysis
6.12.3Summary

7FixedAssets
7.1CapitalBudgeting
7.1.1ExampleofaTypicalCapitalizationofaCanadianCorporation
7.1.2AnExampleofSpreadsheetsUsedforCapitalBudgeting
7.2TheAnalysisof"FinancialLeasing"
7.2.1CashFlowLeaseAnalysis（BestPerformedUsingSpreadsheetsasaTool）
7.2.2GeneralObservation

8Budgeting
8.1Introduction
8.2LessCommonFinancialRatiosforUseinBudgetDesignandPerformanceAppraisal
8.3AParticularTypeofBudgeting:Pro-FormaStatementBuilding
8.4ExampleofPro-FormaStatementBuildingBasedonthe1998FinancialStatementsofElectronicDistributorsCase#4

9EconomicValueAdded
9.1UsingEconomicValueAdded（EVA）asaStrategicEvaluationTool
9.2AFreshLookattheBalanceSheet
9.3WhatAboutEVALevels
9.4ToCalculateEVAWeNeedtoKnowtheWACC%
9.5TheDebt/EquityMixsEffectonWACC%
9.6StrategiestoRaiseEVA
9.7ThreeMeasuresofFinancialPerformance
9.8FinancialGoal-SettingUsingEVA
9.8.1CalculatingEVA
9.8.2Conclusion
9.8.3ApproachOne
9.8.4ApproachTwo
9.8.5ApproachThree
9.8.6ApproachFour
9.9Summary
9.10SomeAdditionalThoughtsaboutEVA-EnhancingStrategies

10ForeignExchangeandInterestRateRiskManagement
10.1Introduction
10.2ForeignExchangeRiskManagementTechniques
10.2.1FXForwardContracts
10.3ForeignCurrencyFutures
10.3.1FXFuturesContracts
10.4ImportantDifferencesandSimilaritiesBetweenFXForwardandFXFutureContracts
10.5FXOptions
10.6InterestRateRiskManagement

11Mergers,AcquisitionsandPrivateEquity
11.1Introduction
11.2Synergy
11.2.1Acquisitionvs.Merger
11.2.2PayingforthePurchase
11.2.3Valuation
11.3WhichCompaniesareDoingMostoftheBuying
11.4PrivateEquityFirmsObtainTheirFundinginPrivateMarkets
11.4.1CategoriesofPrivateEquityInvestmentsInclude
11.5WilltheExplosiveGrowthofMergersandAcquisitionsActivitiesContinue
11.6HowLongCanThisGoOn
AppendixASolutionstoExercises
AppendixBCaseStudies1.15（SolutionstoCaseStudies1,4and14）
AppendixCGlossary