An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. Discover a new, comprehensive system of economic indicators Focus on strategic, value-creating resources in company valuation Learn how traditional financial documents are quickly losing their utility Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.
Managers of an organization need essentials and general understanding of what the management work entails and that knowledge can expand through reading theories, textbooks and literature. This analysis identifies the important management areas prioritize by today’s managers and recognizes the up to date comprehensive contribution of academic scholars and researchers to management accounting literature. Likewise, this undertakes the purpose of explaining, predicting and understanding the importance of management accounting research investigated by scholars and students in the academic discipline for managers and other users.
An indispensable hands-on guide to financial accounting In light of recent accounting scandals, it is critical that all financial practitioners understand and play by the rules of the accounting field. Starting from the assumption that the reader is not familiar with any accounting jargon, Mastering Financial Accounting Essentials presents material in a way that explains the key features of modern accounting step by step and helps you develop an intuitive understanding of accounting. Each chapter presents important accounting concepts, from inventory valuation methods and the timing of erosion of productive assets to how internal managers calculate ratios and trends to evaluate business efficiency. For those who need to understand the language and law of this discipline in order to communicate effectively with accountants and clients, Mastering Financial Accounting Essentials will be an indispensable guide.
The mutual funds in India have registered significant growth and emerged as important financial intermediaries during the past decade or so,manifested by increased mobilization of funds and the increasing number of schemes and investors. To fulfill the expectations of millions of unit holders, the mutual funds are required to function as successful institutional investors. Evaluating performance of mutual fund managers vis-a-vis such a goal, is important for both the investors as well as the fund managers. Fund managers in India,periodically publish various performance reports using standard measures,which may not actually reflect the true investment performance of the funds. The present study evaluated the performance of the equity mutual funds in India during the period from 2000 to 2006,using a new framework.A number of new performance indicators are used for the purpose,and it is hoped that this attempt should highlight the efficiency and true competence of fund managers and augment the existing framework for identifying successful fund managers. It should benefit the investors, regulators, fund managers and other participants in the mutual fund industry in general.
Learn to apply the strategies of top hedge fund managers to your personal investment portfolio The most successful hedge fund managers and superstar investors outperform the markets impressively, while most fund managers—and individual investors as well—usually underperform the market averages. Based on the figures released by the Edgar System each quarter, this book analyzes the performance of hedge fund managers controlling at least $100 million in Assets Under Management to help other investors close the gap between themselves and the industry's top fund managers. With model portfolios that produced solid returns, examination of the tactics of the best fund managers, and a set of effective strategies for sound absolute returns, Profiting from Hedge Funds is the perfect guide for investors who want to improve their game by learning from the best. Includes fascinating insights into the investment styles of the most successful hedge fund managers Features model portfolios based on the holdings and activity of high-performing money managers Offers key lessons for success that work across all portfolios
The world certainly suffers no shortage of accounting texts. The many out there help readers prepare, audit, interpret and explain corporate financial statements. What has been missing is a book offering context and discussion for divisive issues such as taxes, debt, options, and earnings volatility. King addresses the why of accounting instead of the how, providing practitioners and students with a highly readable history of U.S. corporate accounting. More Than a Numbers Game: A Brief History of Accounting was inspired by Arthur Levitt's landmark 1998 speech delivered at New York University. The Securities and Exchange Commission chairman described the too-little challenged custom of earnings management and presaged the breakdown in the US corporate accounting three years later. Somehow, over a one-hundred year period, accounting morphed from a tool used by American railroad managers to communicate with absent British investors into an enabler of corporate fraud. How this happened makes for a good business story. This book is not another description of accounting scandals. Instead it offers a history of ideas. Each chapter covers a controversial topic that emerged over the past century. Historical background and discussion of people involved give relevance to concepts discussed. The author shows how economics, finance, law and business customs contributed to accounting's development. Ideas presented come from a career spent working with accounting information.
Capital market is an essential component for economics beginning with stagnant fund which is considered as a proxy for countries economic growth. Therefore, it is necessary to consider this market and the fundamental decision making. It is obvious managers will focus on the profit maximization being the main purpose. Investors, internal employees and society on a large scale are the beneficiaries of success in creating value of firms. Given that performance evaluation in decision making is considered as a very significant subject in financial economics, it seems necessary to evaluate the financial and economical measures. This book considers the effect of corporate governance, financing decisions, structure and ownership on firm's performance. It is especially useful to professionals in accounting, creditorS, managers, investors and shareholders, or anyone who may be interested to improve the company’s performance.
The Second Edition includes new chapters on financing and investment arrangements, pensions and deferred income taxes, mergers and acquisitions, and consolidated income statements. The author presents a unified approach to accounting theory and discusses advanced procedures not commonly in practice, deeper analysis of present concepts and standards, and the results of empirical research. The first chapter recounts the early history of accounting. The middle chapters analyze current theory along with alternative views. The closing chapter speculates on the future of the profession. At the end of each chapter are questions and suggestions for further reading.
Human Resources Accounting involves accounting for the company's management and employees as human capital that provides future benefits.The main objective of this book is to offer a suitable suggestions to adopt the Human Resources Accounting practices in a desired organizations and this is also covers the different approaches of valuation of human resources,review of Human Resources Accounting practices in different organizations and analyzed the perceptions of respondents on various Human Resources Accounting methods and issues,association of attributes of designation by test with the different variables of Human Resources Accounting. This book consist of wealth of statistical data and useful for planners,administrators,managers,policy makers,academicians and research scholars.The content and subject matter are unique,informative and impressive.
This book provides a firm grounding in management and financial accounting for MBA students and practising managers. It focuses on the 'why' as well as the 'how to', equipping managers with the tools and knowledge necessary for generating and interpreting accounts.
A hands-on guide to the ins and outs of nonprofit accounting Not-for-Profit Accounting Made Easy, Second Edition equips you with the tools you need to run the financial and accounting operations within your nonprofit organization. Even if you do not have a professional understanding of accounting principles and financial reporting, this handy guide makes it all clear with complex accounting rules explained in terms nonaccountants can easily understand in order to help you better fulfill your managerial and fiduciary duties. Always practical and never overtechnical, this helpful guide conforms to FASB and AICPA standards and: * Discusses federal single audit and its impact on nonprofits * Offers examples of various types of split-interest agreements * Shows you how to read and understand a nonprofit financial statement * Explains financial accounting and reporting standards * Helps you become conversant in the rules and principles of accounting * Updates board members, executive directors, and other senior managers on the accounting basics they should know for day-to-day operations * Features tables, exhibits, and charts that illustrate the content in a simple and easy-to-understand manner Suitable for fundraising managers and executives–as well as anyone who needs to read and understand a nonprofit financial statement–this is the ultimate not-an-accountant's guide to nonprofit accounting.
ACCOUNTING FOR MANAGEMENT is concerned with providing information to managers, who live and work inside an organization. Learning of this book enables students know how managers make decisions so as to take their organizations to the path of prosperity. This book is designed as a comprehensive and analytical text book to fill the gaps created by the non- availability of good books on management accounting. The book describes theory and problems in simple and lucid way so that students can understand how to produce information that is useful in day to day decision making. The book is designed as a student-friendly text book. Also, this would prove to be very useful for the students who do not have basic knowledge of management accounting. A set of exercises with guide to answers is given at the end of each chapter so that students may have enough practice in the subject. Definitely, the book would be an invaluable asset for students at under graduate and post graduate levels.
This research seeks to provide comprehensive coverage of forensic accounting skills and techniques in fraud investigation in the Nigerian public sector. It is a work in Accounting with a wide range of topics relevant to many students of accounting and other related fields. The research is also relevant to managers and decision makers alike in both the private and public sector of the economy who desire forensic accounting knowledge especially in the area of fraud investigation and effective control. The research provides an indepth coverage of the skills and techniques forensic accountants used in fraud investigation that will help other accounting professional bodies in performing the same function with specific focus on public sector environment. Moreso,the research widely covers the relevance of forensic accounting skills and techniques in fraud investigation with particular references to Anti-Corruption Agencies in Nigeria.
The aim of this textbook is to provide step-by-step guide to Trust and Executorship Accounting. It contains detailed overview of Executorship Accounting: the provisions of the law relating to the succession Act including wills and probate, validity of wills and testamentary capacity; Determination of the value of the estate, Distribution of the estate; Administration of the estate; Accounts of the executor; The provisions of the law relating to the trusts including creation and distinction between secret, protective and charitable trusts; Duties and responsibilities of trustees; Trustee Investment Act; Investment of trust funds and Accounts of trustees. This book is written as a compendium for undergraduate and graduate students in accounting and finance. A valuable resource and a discerning choice for the student and accounting professional seeking a deeper knowledge of Trust and Executorship Accounting theory and practice.
Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes still need to be made, and managers who actually made money during 2008 make for a logical starting place. This updated and revised edition of The Invisible Hands provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management. Divulges how top financial professionals are looking forward by thinking clearly, managing risk, and seeking a new paradigm of profit making opportunities in the post-crisis world Outlines investments and strategies for the rocky road ahead Gives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction Written by respected industry expert Steven Drobny Page by page, the professionals found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world.