Financial Analysis Tools and Techniques. a Guide for Managers

Аннотация

The book begins by providing a perspective on the recent speculative excesses in the new economy’s “dotcom” revolution, with the argument that basic economics and financial analysis have never changed, but only were ignored at times. Next, the key concept of the business system and all of its relationships to financial analysis and statements is presented in detail, from which the discussion proceeds to explain the various techniques and concepts in a logical flow. Closure is provided by returning to the systems concept in the final chapters on valuation and managing for shareholder value. Within this structure, however, practicality always remains paramount. Any issues and concepts going beyond what is essential are left to the more specialized textbooks and articles identified in the references. The systems approach is also reflected in the commercially available Financial Genome business analysis and planning software and its accompanying interactive templates.