Financial Analysis Tools and Techniques: A Guide for Managers
Proven Techniques for All Managers and Financial Professionals to Generate, Understand, and Act Upon Key Financial InformationThe syntax and "code" of financial analysis, along with the avenues for arriving at appropriate and useful answers, have long seemed like a foreign language to nonfinancial managers.Financial Analysis Tools and Techniquessimplifies the process, and provides busy managers and professionals with the guidelines they need for conducting effective analyses and making sound economic trade-offs and business decisions.In a business systems context, this essential book explains how to:Interpret financial statementsDevelop financial projectionsEvaluate business investment decisionsAssess the implications of financing choicesDerive the value of a business or securityUnderstand the role of analysis in creating shareholder valueFinancial Genome by Modernsoft, Inc.This advanced knowledge-based business analysis and planning software is fully integrated with this book,allowing users to:Access data from databases, spreadsheets, user inputDevelop free-form or structured analyses with consistencyProduce a wide variety of customizable financial statementsCreate integrated financial pro-forma projectionsDownloadFinancial Genomefor a free 30-day trial from www.modernsoft.com (See Appendix I for details)Since the first of its ten editions appeared in 1963, Erich Helfert's seminalTechniques of Financial Analysis has provided business students as well as financial practitioners with a concise and practical overview of financial analysis tools and concepts.  What sets this classic text apart then, and continues to distinguish it today, has been its focus on the continuous interrelationship between management decisions and the economic value of a business, explained in a unique systems context.Financial Analysis: Tools and Techniquesadapts this seminal reference to today's fast-changing professional market and establishes a new benchmark for direct, concise, and practical financial analysis information and interpretation.  Specifically addressing key analytical needs in the tumultuous twenty-first-century business environment, it comments on valuable business applications of the tools and concepts with insights from Erich Helfert and his consulting clients.Providing focused analyses of the economics of business investments and valuation, presenting discussions of cash-flow trade-offs and time-value analysis against the strategic backdrop of the business system, and emphasizing enhancement of shareholder value through value-based management (VBM),Financial Analysis: Tools and Techniqueswill help all nonfinancial managers to make sound investment, operating, and financing decisions.  Concise yet sufficiently detailed, it covers the full range of financial analysis issues, including:Managing the business as a systemFinancial statementsFunds cycles for manufacturing, sales, and serviceCash managementRatio analysis and performancePro-forma financial statementsFinancial modelingLeverageFinancial growth plansTime value of moneyAnalysis of investment decisionsUsing return standardsCost of capitalFinancing choicesDefinitions of valueShareholder value and value-based methodologiesFinancial Analysis: Tools and Techniquesis a quick and easy read for the nonfinancial manager and an excellent refresher and reference for the financial professional.  In conjunction with its companion softwareFinancial Genome,it represents the next step in financial analysis­­one that gives financial analysis and economic decisions their proper importance and context in the successful operation of a business.