

Rien Brouwers was docent bedrijfseconomie aan Avans Hogeschool en bekleedt op dit moment een managementfunctie op deze school.
Meer over de auteursThe basics of financial management
Paperback Engels 2021 9789001738334Samenvatting
- Comprehensive method, including a workbook and an answer book;
- well suited for self-study due to the structural framework of the book and the additional online study materials;
- written from an international perspective.
For over 25 years now, The Basics of Financial Management has been an authoritative book on the fundamentals of financial management. With the first few chapters form an introduction to the key economic concepts. The remaining chapters delve deeper into the fields of financing, management accounting and financial accounting.
The subject matter is placed in an international perspective. Together with the additional workbook and answer book The Basics of Financial Management constitutes a comprehensive method. Students can work with the books independently.
In this renewed fifth edition of The Basics of Financial Management each chapters begins with an overview of the required foreknowledge. The paragraph structure of the book has also been improved so each paragraph now targets one specific topic, which then resurfaces in the assignments. The theory, the assignments and the additional online study materials are now fully integrated, which enables students to work even more independently than before.
For many years now, The Basics of Financial Management has been the authoritative book on business economics for undergraduates. It is a comprehensive and successful elementary text book, which is also suitable for students without any prior knowledge of business economics.
This book is used in many different programs within higher education, like Finance & Control, Commercial Economics, Business Administration, Business Studies, Accountancy and Facility Management.
On the additional website, students can find many extra study materials, like the answers to assignments, explanatory videos, practice exams per chapter, summaries per chapter, feedback and study advice. For lecturers the website includes assignment answers and PowerPoints.
Teachers can make use of www.toetsopmaat.nl (URL TOEVOEGEN: https://toetsopmaat.nl/).
With this convenient tool, teachers can create their own tests. This test bank contains all the test questions from the practice exams for students. The tests can be exported in different formats.
Specificaties
Lezersrecensies
Over Wim Koetzier
Over Olaf Leppink
Inhoudsopgave
PART 1 Business Economics and Companies 13
1 Businesses and their Role in the Economy 15
1.1 Economics and Business Economics 16
1.2 Characteristics of Companies 17
1.3 Characteristics of Non-Profit Organizations 20
1.4 Business Activities 22
1.5 Supply Chain and Industry 27
1.6 Types of Cooperation between Companies 28
2 Companies 37
2.1 Legal Forms of Businesses 38
2.2 Sole Proprietorship 39
2.3 Partnerships 40
2.4 Joint-stock Companies 41
2.5 Cooperative 43
2.6 Association and Foundation 44
2.7 Income Tax for Entrepreneurs 47
2.8 Profit Tax in Legal Entity Companies 50
2.9 Value Added Tax 55
3 Business Economics: Disciplines and Positions 69
3.1 Business Economics: Disciplines 70
3.2 Relationships to Other Disciplines 74
3.3 Positions in Financial Management 75
4 Financial Statements 83
4.1 Investment and Financing 84
4.2 Balance Sheet and Income Statement 85
4.3 Profit versus Cash Flow 89
4.4 Depreciation Methods 92
5 Business Plan 101
5.1 Functions of a Business Plan 102
5.2 Key Parts of the Business Plan 104
5.3 Financial Substantiation of the Business Plan 109
PART 2 Finance 117
6 Capital Budgeting 119
6.1 Capital Budgeting 120
6.2 Free Cash Flow 121
6.3 Time Value of Money 125
6.4 Assessment based on Period Profit 128
6.5 Assessment based on Free Cash Flows 131
6.6 Assessment based on Free Cash Flows, considering Time Value of Money 133
6.7 Uncertainty 137
6.8 Leasing 139
7 Working Capital Management 153
7.1 Cash Flow Cycle 154
7.2 Inventory Management: Minimizing Inventory Costs 157
7.3 Inventory Management: Practice 160
7.4 Credit Management 163
7.5 Cash Management 167
8 Equity 177
8.1 Equity in Companies with a Non-legal Entity Status 178
8.2 Equity in Companies with a Legal Entity Status 179
8.3 Share Value 182
8.4 Reserves 184
8.5 Issue of Shares 186
9 Liabilities 197
9.1 Liability Costs 198
9.2 Bank Loans 200
9.3 Bonds 202
9.4 New Forms of Long-Term Liabilities 206
9.5 Current Liabilities 210
9.6 Provisions 213
10 Assessment of the Financial Structure 223
10.1 Ratio Analyses 224
10.2 Profitability Ratios 225
10.3 Financial Leverage 228
10.4 Dupont Chart 230
10.5 Solvency Ratios 232
10.6 Liquidity Ratios 235
11 Financial Markets 245
11.1 Investments in Securities 246
11.2 Options 249
11.3 Investment Ratios 255
PART 3 Management Accounting 263
12 Cost Structure 265
12.1 Costs in Relation to Production Volume 266
12.2 Variable Costs 267
12.3 Fixed Costs 269
12.4 Estimating Cost Functions 271
12.5 Break-even Analysis 273
12.6 Assumptions in Break-even Analysis 277
12.7 Operating Leverage 280
13 Cost Calculations 293
13.1 Total Costs and Unit Cost 294
13.2 Absorption Costing 296
13.3 Direct Costing 298
13.4 Profit Differences between Absorption Costing and Direct Costing 300
13.5 Absorption Costing and Direct Costing as Instruments for Decision-making 305
13.6 Economic Life and the Replacement of Fixed Assets 309
14 Indirect Costs 323
14.1 Cost Allocation 324
14.2 Process Costing Method 325
14.3 Equivalent Units Method 326
14.4 Single Rate Markup 327
14.5 Multiple Rate Markup 331
14.6 Cost Center Method 333
14.7 Activity-based Costing 339
14.8 Costs and Customer Profitability Analysis 342
15 Budgeting 351
15.1 Budgeting as a Management Tool 352
15.2 Master Budget 354
15.3 Balanced Scorecard 357
16 Variance Analysis 365
16.1 Flexible Budget 366
16.2 Sales Variance 367
16.3 Cost Variances 369
PART 4 Financial Accounting 383
17 Annual Reporting 385
17.1 Stakeholders and Disclosure Requirements 386
17.2 Financial Statements 387
17.3 Report by the Managing Board 393
17.4 Auditor’s Report 394
18 Balance Sheet 405
18.1 Assets, Equity and Liabilities 406
18.2 Intangible Fixed Assets 408
18.3 Tangible Fixed Assets 410
18.4 Inventory 414
18.5 Current Projects 417
18.6 Financial Assets 420
18.7 Equity 421
18.8 Liabilities 422
19 Income Statement 433
19.1 Nature of Expenses Income Statement and Function of Expenses Income Statement 434
19.2 Added Value 438
20 Cash Flow Statement 445
20.1 Function and Status 446
20.2 Deriving the Cash Flow Statement from the Financial Statements 447
21 Associates and Consolidations 461
21.1 Associates 462
21.2 Consolidation of 100% Associates 464
21.3 Consolidation of Non-100% Associates 468
Answers to the test questions 476
Answers to the multiple-choice questions 487
Credits 490
Index 491
About the authors 495
Rubrieken
- Advisering
- Algemeen management
- Coaching en trainen
- Communicatie en media
- Economie
- Financieel management
- Inkoop en logistiek
- Internet en social media
- IT-management / ICT
- Juridisch
- Leiderschap
- Marketing
- Mens en maatschappij
- Non-profit
- Ondernemen
- Organisatiekunde
- Personal finance
- Personeelsmanagement
- Persoonlijke effectiviteit
- Projectmanagement
- Psychologie
- Reclame en verkoop
- Strategisch management
- Verandermanagement
- Werk en loopbaan