|EVA||G. Bennett Stewart
III, Al Ehrbar
Hardcover - 254 pages (November 1998)
John Wiley and Sons; ISBN: 0471298603
EVA - "economic value added" - is a measure of the true financial performance of a company, and a strategy for creating corporate and shareholder wealth. It is also a method of changing corporate priorities throughout a company, so that the focus is on the creation of wealth, to the benefit of everyone. This book features real case histories of companies such as Coca-Cola which have used EVA to produce successful financial results.
From the Inside Flap
Called "today's hottest financial idea and getting hotter" by FORTUNE magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa. A revolutionary strategy for creating corporate and shareholder wealth that measures a company's real profitability, it has been adopted by such prominent corporations as Coca-Cola, Eli Lilly, and Siemens AG - with spectacular financial results. Yet, despite its increasing visibility, most executives still only have a vague notion of what EVA is and what it can do for their company. This groundbreaking book explains and clarifies all. Written by Al Ehrbar, a leading business journalist and senior vice president at EVA inventor Stern Stewart & Co., EVA: The Real Key to Creating Wealth provides a complete accessible overview that examines how EVA works, how it is measures, that it can do to structure incentives for employees, and why it is as potent as it is. At its most basic, Economic Value Added is a measure of corporate performance that differs from most others by charging profit for the cost of all capital a company employs, including equity. However, as Ehrbar explains, EVA is much more: "It is the framework for a complete financial management and incentive compensation system that can guide every decision a company makes...that can transform corporate culture that can improve the working lives of everyone in an organization by making them more successful, and that can help them produce greater wealth for shareholders, customers, and themselves."
To help translate principle into real-world practice, Ehrbar presents reveling case histories of EVA success stories, including those of Briggs & Stratton, the U.S. Postal Service, and Coca-Cola, which was catapulted from mediocrity to the number one wealth creator in the world with the addition of EVA. An in-depth look at a breakthrough idea whose impact is being felt from corporate boardrooms to Wall Street, this indispensable book is must reading for business leaders looking to fully grasp - profit from - "the key to creating wealth."
From the Back Cover
"Today's hottest financial idea and getting hotter."
"For corporate directors who still believe that they are doing the best for shareholders by focusing on earnings per share (or any of a hundred other popular but easily manipulated accounting targets), this book is must reading."
- Merton H. Miller, Nobel Laureate in Economics
"EVA: The Real Key to Creating Wealth is right on the mark, blending sound economic theory and real-world application. This book shows in a clear and compelling way how EVA can be a competitiveadvantage in the race to create shareholder value."
- William T. Esrey, Chairman and Chief Executive Officer, Sprint Corporation
"EVA: The Real Key to Creating Wealth does a masterful job of blending the theoretical and the practical. It demonstrates conclusively - and once and for all - how EVA actually changes the behavior of employees."
- Alfred J. Jackson, Director of Global Equity Research, Credit Suisse First Boston
"The blindingly simple insight that business is primarily about economics, not about accounting, is one of the most important achievements in modern business thought. It's an insight with many implications, and it offers everyone who works in business a set of useful tools to make better decisions and thereby create more value for shareholders."
- Bob Shapiro, Chairman and CEO, Monsanto Company
"EVA is the 'invisible hand' which can lead managers and workers to create wealth for themselves, and in doing so enrich owners."
- Bob L. Boldt, Senior Investment Officer, California Public Employees' Retirement System (CalPERS)
"Al Ehrbar has clearly articulated what drives stock prices over the long run. His message is useful to both investors and business managers, and the case histories in his book demonstrate what can be accomplished to the basic principles of EVA."
- Eugene B. Vesell, Managing Director, Oppenheimer Capital
About the Author
|Financial Modeling||Simon Benninga
Paperback - 640 pages 2nd Ed edition (30 November, 2000)
The MIT Press; ISBN: 0262024829
Too often, finance courses stop short of making a connection between textbook finance and the problems of real-world business. "Financial Modelling" bridges this gap between theory and practice by providing a nuts-and-bolts guide to solving common financial models with spreadsheets. Simon Benninga takes the reader step by step through each model, showing how it can be solved using Microsoft Excel (TM). In this sense, this is a finance "cookbook", providing recipes with lists of ingredients and instructions. Areas covered include computation of corporate finance problems, standard portfolio problems, option pricing and applications, and duration and immunization. The second edition contains six new chapters covering financial calculations, cost of capital, value at risk (VaR), real options, early exercise boundaries, and term structure modelling. A new technical chapter contains a potpourri of tips for using Excel (TM). Although the reader should know enough about Excel (TM) to set up a simple spreadsheet, the author explains advanced Excel (TM) techniques used in the book. The book includes chapters dealing with random number generation, data tables, matrix manipulation, and VBA programming, It also comes with a CD-ROM containing Excel (TM) worksheets and solutions to end-of-chapter exercises.
|How to Read the Financial Pages||Michael Brett
Paperback - 407 pages (17 August, 1995)
Business (Century/Arrow); ISBN: 0712675604
This revised guide is designed to show how the world of investment and finance works and to clarify the associated jargon. It explains the operation of stock-markets, currency markets and commodity-markets and also defines the roles of bankers, brokers and underwriters.
|Accounting for Growth||Terry Smith
Paperback - 222 pages (18 July, 1996)
Business (Century/Arrow); ISBN: 0712675949
Since the first edition of this study, the Accounting Standards Body has curtailed some methods of "creative accounting". However, more have developed, and this book aims to provide an up-to-date guide - with several additional chapters - to advanced survival techniques for investors.
|10 Minute Guide to Accounting for Non-accountants||Wayne A. Label
Paperback - 144 pages (6 April, 1998)
Simon & Schuster; ISBN: 0028614070
Teaches the reader what a business accounting process is and how to use it in everyday work. This concise guide explains how to read, understand and interpret financial statements, and how to rely upon audits to prevent fraud, analyze balance sheets and cash-flow statements.
|The Complete Idiot's Guide to Finance and Accounting (Complete Idiot's Guide)||Michael Muckian
Paperback - 298 pages (September 1997)
Alpha Books; ISBN: 0028617525
|I am writing this
review as the person who developed this book for Macmillan General Reference.
I am a book packager, and my company was contracted to develop this title,
and I worked with the author, Michael Muckian in getting it written. The
May 1998 Inc. magazine included reviews of seven finance and accounting books.
Muckian's book was the only one to receive 5 stars. Here's what the review
said: ....Muckian, a financial manager who is clearly no idiot, has written
a guide that is well constructed and facilitates easy scanning of any topic
that is currently driving you to distraction. Chapters 7, 8, and 9 (on accounts
receivable, accounts payable, and general cash-flow issues, respectively)
are particularly worth a careful read. Pay special attention to the shortcuts
and red flags that are highlighted in small boxes; in many instances, they
can save your company big headaches....***** (five stars) If you're looking
for a basic book on how to understand and set up an accounting system for
your business, this book will help you do it, and it's fun to read.
|Frank Wood, Alan
Paperback - 666 pages (28 February, 1999)
Financial Times Management; ISBN: 0273637428
This text provides information on accounting in clear language, with examples and a number of questions and answers. It includes coverage of special accounting procedures and partnerships, and chapters on partnership dissolution, joint venture accounts, bills of exchange, and consignment accounts.
|Frank Wood, Alan
Paperback - 781 pages (28 February, 1999)
Financial Times Management; ISBN: 0273637436
This volume completes the financial accounting coverage of syllabii of the various examining bodies. It includes basic cost and management accounting.
|Frank Wood's Bookkeeping and Accounts (4th ed)||Frank Wood, Sheila
Paperback - 448 pages (July 1997)
Financial Times Management; ISBN: 0273626957
This text was specifically written to cover the requirements of first- level vocational courses in bookkeeping and accounting examinations set by the RSA, the LCCI, the PEI and BTEC. Each chapter has a number of worked examples and questions, many taken from past examinations. The answers to some of the questions are given in the back of the book and the rest are given in the accompanying teacher's manual. There are four sets of multiple choice questions at intervals throughout the book which can be used to test knowledge.
Teach Yourself Book-
keeping and Accounting
for Your Small Business
Paperback - 168 pages (23 July, 1997)
Teach Yourself; ISBN: 0340697210
This practical guide teaches small business owners how to keep the books and prepare accounts. The accounts included follow the layout of the new Inland Revenue self-assessment tax return (effective April 1997) and are based on examples from real business owners.
|SAP||G. Norris, I. Wright,
J. Dunleavy, J.R. Hurley, A. Gibson
Hardcover - 304 pages (June 1998)
John Wiley and Sons; ISBN: 0471249920
Systems Applications and Products is a comprehensive set of programs, used through client-server networks, for accounting, manufacturing and sales. Corporations are increasingly turning to client-server systems to help them streamline their financial reports and gain a competitive edge. This text should guide financial managers in their decision- making process.
|John A. Tracy
Paperback - 356 pages 1st edition (15 January, 1997)
Hungry Minds; ISBN: 0764550144
|The author, John
A. Tracy , 10 June, 1998
This book works for business people, students, and everyday people such as: managers, owners, lenders, investors, bookkeepers, accounting employees, and entrepreneurs. Accounting For Dummies will help improve your grip on financial reports, profit behavior, and cash flow. You'll no longer be intimidated by accountants! It explains accounting information to everyone - from professionals to lay persons serving on their church finance committees. Accounting For Dummies is very user-friendly and avoids financial jargon. It empowers the reader to make sense of financial statements and provides an easy reference format for specific questions. I am a Professor of Accounting at the College of Business and Administration at the University of Colorado at Boulder and have written two other books on finance. I have had many years experience explaining accounting and financial statements to managers and investors.
Dictionary of Accounting
Terms (Barron's Business
|Joel G. Siegel,
Jae K. Shim
Paperback - 454 pages (February 1995)
Barron's; ISBN: 0812019180
Defines terms related to management, bookkeeping, auditing, financial statement analysis, taxes, and financial, managerial, and cost accounting.
|Accounting with Sage for Windows||David Royall
Paperback (May 1996)
Financial Times Prentice Hall; ISBN: 0273623079
This text offers a working guide to the "Sage Bookkeeper", "Accountant", "Accountant Plus" and "Financial Controller" software for Windows. It also acts as a basic textbook on the principles of computerized accounting and helps to develop bookkeeping and financial analysis skills.
Reports and Accounts
Paperback - 320 pages (31 July, 1999)
Prentice Hall; ISBN: 027364615X
Published accounts are often not easy to understand and are sometimes downright misleading but, to those who know how to read them, they provide the most readily available source of information on a company's activities, its profitability and its prospects. This book guides the reader through the conventions and complexities of reports and accounts, explaining how to assess the financial and trading position of a company from year to year, how to spot undue risk-taking, where and how to look for clues on the quality of management and how to detect where window-dressing has been used to disguise poor results.
In 1990 the authors wrote: `Company accounting is currently in a state of flux, confusion and controversy'. It is now in much better shape. In ten years, 15 Financial Reporting Standards (FRSs), countless Financial Reporting Exposure Drafts (FREDs), a host of other documents, and, for the first time in the UK, an exposure draft Statement of Principles of Financial Reporting have been produced by the Accounting Standards Board (ASB). Many earlier abuses have been prevented, and much more information now has to be disclosed, the use and purpose of which the authors seek to explain. But work still needs to be done. The final chapter of this edition examines the problems that remain, and the steps the ASB is taking to resolve them.
The seventh edition has been fully updated to take account of the latest amendments in accounting rules. Reports and accounts have improved immeasurably over the last 20 years, and especially over the last ten. There is now so much information that it has become difficult to find one's way through the maze. To demonstrate the art or skill of picking one's way through a mass of data, Chapter 31: `Putting it all together' takes readers step by step through the report and accounts of a well-known group (THE BODY SHOP).
Features and Benefits
Highly practical text End-of Chapter discussion questions and practical exercises Chapter 31 "Putting it all together" takes readers step by step through the report and accounts of a well know group (The Body Shop) Thorough updating to reflect new standards. Examples on current practice will be updated to reflect accounts dated 1998 or 1999. The authors' own examples will be dated 2000. 70% of the examples will be reset. Improved coverage of International Accounting Standards, including a one or two page table of international differences. Include a new chapter (short) to conclude, on using accounts and other information to choose the right portfolio. This would round off the text and give a more practical feel to the book. Revise the section on information available on the Internet and include URLs.
This text shows readers how to analyze company reports and accounts in a qualitative and quantitative fashion. This updated edition contains examples on practice, revised to reflect accounts dated 1998 or 1999, as well as improved coverage of international accounting standards.
|How to Sell Your Business and Live Happily Ever After||Gary Morley
Paperback - 192 pages (March 1999)
Management Books 2000; ISBN: 1852522739
A practical guide, written by the head of corporate finance at top accountancy firm, Blackstone Franks
The selling of a business is, for the unwary, full of potential pitfalls. Selling your business should alsobe structured to maximise the receipts to you - not the taxman! It is imperative to have the best advice. Anyone considering selling their business will find this easy to understand guide invaluable. It provides information on:
-how to market your business -how to increase its perceived value-factors which increase (and decrease) the price -how to choose the best purchaser
-how to deal with purchasers
-how to eliminate any tax
-potential pitfalls for sellers
-how to manage the money you receive
Gary Morley is a chartered accountant and head of corporate finance at top accounting firm, Blackstone Franks. He has extensive experience advising the owners of small and medium-sized enterprises on achieving the maximum sale price. He has also been the Financial Director of two quoted companies.
Providing information on marketing your business, increasing its perceived value, price fluctuations and how to choose and deal with the best purchasers, this guide aims to give the best available advice to anyone considering selling their business.
|Accounting for Non-accountants||Graham Mott
Paperback - 286 pages ( 1 May, 1999)
Kogan Page; ISBN: 0749428597
This guide provides an introduction to the basics of business finance, applicable to any organization. It covers financial statements and their interpretation, the methods for costing and budgetary control, and the techniques of financial management, with a focus on efficient use of capital.
|Cost of Capital : Estimation and Applications||Shannon P. Pratt
Hardcover - 249 pages (11 June, 1998)
John Wiley and Sons; ISBN: 0471197513
This text on the cost of capital includes: analysis and implementation of the procedures for valuing a business; an explanation of intricate issues; the necessary data for borrowing money; the rates and discount rates needed to value a company; and coverage of discount and capitalization.
|Accounting and Business Textbooks: Refresher in Basic Mathematics||R.N. Rowe
Paperback - 120 pages new edition of 2nd revised edition edition (October 2000)
Continuum International Publishing Group - Academic and Professional; ISBN: 0826453856
This self-help text aims to address gaps in basic mathematical skills. It is aimed at those students who need to refresh their mathematics, and those who have difficulty with mathematics. It should be useful to teacher training students who have to demonstrate mathematical understanding.
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