책 이미지
책 정보
· 분류 : 외국도서 > 경제경영 > 재무/회계 > 관리
· ISBN : 9781119849414
· 쪽수 : 416쪽
· 출판일 : 2021-11-16
목차
About the Instructors ix
About the Exam xi
Introduction xv
Section A: Financial Statement Analysis 1
Topic 1. Basic Financial Statement Analysis 2
Common-Size Financial Statement Analysis (Vertical Analysis) 2
Horizontal Financial Statement Analysis 9
Topic 2. Financial Ratios 13
Liquidity Ratios 13
Solvency Ratios 17
Operating Leverage and Financial Leverage 21
Efficiency Ratios 25
Topic 3. Profitability Analysis 29
Profitability—Use of Assets 29
Profitability—Vertical Analysis Revisited and Return Ratios 31
Profitability—Market Value Ratios 33
Profitability—EPS, Yields, and Shareholder Return 35
Limitations of Ratio Analysis 41
Sources of Financial Information and Their Use in Evaluating a Company’s Financial Strength 43
ROA and ROE—A Closer Look 47
Revenues and Its Relationship to Current Assets 51
Cost of Sales and the Different Profit Margins 53
Considerations when Measuring Income 55
Topic 4. Special Issues 57
Sales and Revenues—Important Considerations 57
Foreign Exchange Fluctuations 59
Inflation and the Financial Ratios 63
Changes in Accounting Treatment 65
Book vs. Market Value and Accounting vs. Economic Profit 67
Quality of Earnings 69
Section A Review Questions 71
Section B: Corporate Finance 75
Topic 1. Risk and Return 76
Calculating Return 76
Types of Risk 79
Capital Asset Pricing Model 81
Topic 2. Long-Term Financial Management 83
Term Structure of Interest Rates 83
Types of Financial Instruments: Bonds 85
Types of Financial Instruments: Stock 89
Other Financial Instruments 91
Taxes and Capital Structure 97
Cost of Capital 99
Valuation of Financial Instruments: Valuing Debt and Equity 103
Valuation of Financial Instruments: Valuing Options 107
Topic 3. Raising Capital 109
Financial Markets and Regulation 109
Market Efficiency 111
Financial Institutions 113
Initial and Secondary Public Offerings 115
Dividend Policy and Share Repurchases 117
Topic 4. Working Capital Management 119
Working Capital Terminology 119
Cash Management 121
Marketable Securities Management 125
Accounts Receivable Management 129
Inventory Management 131
Types of Short-Term Credit 135
Short-Term Credit Management 137
Topic 5. Corporate Restructuring 141
Mergers and Acquisitions 141
Restructuring and Combining 143
Evaluating Business Combinations 145
Topic 6. International Finance 147
Fixed, Flexible, and Floating Exchange Rates 147
Managing Transaction Exposure 149
Financing International Trade 151
Section B Review Questions 153
Section C: Decision Analysis 157
Topic 1. CVP Analysis 158
Cost Behavior 158
Contribution Margin 161
Targeted Profit and Taxes 167
Multiple Products C-V-P 171
Risk and Uncertainty 175
Topic 2. Marginal Analysis 179
Defining Relevant Costs 179
Sunk Costs, Opportunity Costs, and Capacity 181
Marginal Analysis and Product Line Decisions 185
Practice Problems 191
Comprehensive Problems with Opportunity Costs 193
Topic 3. Pricing 195
Pricing Methods 195
Cost-Based Pricing 197
Competition-Based Pricing 201
Customer-Based Pricing 209
Pricing Strategy and the Product Life Cycle 213
Section C Review Questions 217
Section D: Risk Management 221
Enterprise Risk 222
Types of Enterprise Risk 222
Risk Identification and Assessment: Enterprise Risk Management 225
Risk Identification and Assessment: Risk Assessment Tools 229
Use of Probabilities 231
Risk Mitigation Strategies 233
Managing Risk 235
Section D Review Questions 237
Section E: Investment Decisions 241
Topic 1. Capital Budgeting Process 242
Introducing the Capital Budgeting Process 242
Cash Flows and Profits in the Capital Budgeting Process 247
Risk Analysis and Qualitative Issues in Capital Budgeting 251
Topic 2. Discounted Cash Flow Analysis 257
NPV and IRR Computations 257
Comparing NPV and IRR Methods with Uneven Cash Flows 263
The Payback Method 269
Section E Review Questions 275
Section F: Professional Ethics 279
Topic 1. Business Ethics 280
Moral Philosophies and Ethical Decision Making 280
Topic 2. Ethical Considerations for Management Accounting, Financial Management Professionals 285
Principles and Standards of Professional Ethics 285
Controlling Fraud and Resolving Ethical Issues 291
Topic 3. Ethical Considerations for the Organization 295
Ethics in an International Environment 295
Ethics and the Organization 301
Ethics and HR Management 305
Section F Review Questions 311
Review Questions and Answers 315
Appendixes 351
ICMA Content Specification Outlines 351
ICMA Learning Outcome Statements 359
Time-Value of Money Tables 373
Essay Tips 379
CMA Exam Ratio Definitions 381
Index 385
