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 | Techniques of Financial Analysis with Financial Genome Passcode Card, 11th Edition
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 | | Erich A. Helfert, Helfert & Associates
| | Softcover with access card | | ©2003, ISBN-13 9780072826326 | |
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| | | Description |
The unique, central concept of Techniques of Financial Analysis is the “business system,” an effective and intuitive way of visualizing the key areas of the typical business organization, and the related investment, operating, and financing decisions that drive its performance and value. This cash flow model (see Chapter 1) serves as the basic structure to which all analytical concepts and tools are related, so that the student is always aware of the larger operational and strategic context in which these techniques should be applied to properly understand the process of successful value creation in a business. Such contextual insight is critical in a specialized subject like financial analysis, which is generally taught in a dry, accounting-oriented fashion.
The presentation has always been kept up to date and is carefully designed to help the reader visualize the linkage between management decisions and financial performance and value. Very importantly, the book demonstrates the modern requirement to distinguish between cash flow (economic) and accounting-based analysis. It helps the reader to interpret financial reports, develop integrated financial projections, understand basic financial modeling, evaluate business investment decisions, develop the implications of financing choices, derive the value of a business or a security, and understand the support role of economic analysis in achieving shareholder value creation. Every technique and measure is described and demonstrated in the context of the underlying key financial and economic concepts, but without delving into theoretical abstraction.
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| Table of Contents |
1. A Systems Context for Financial Management
2. Managing Operating Funds
3. Assessment of Business Performance
4. Projection of Financial Requirements
5. Dynamics and Growth of the Business System
6. Cash Flows and the Time Value of Money
7. Analysis of Investment Decisions
8. Cost of Capital and Business Decisions
9. Analysis of Financial Choices
10. Valuation and Business Performance
11. Managing for Shareholder Value
Appendix I: Financial Analysis with Financial Genome
Appendix II: Glossary of Key Terms and Concepts
Appendix III: Financial Information and Online Sources
Appendix: IV: Basic Inflation Concepts
Appendix V: Some International Issues in Financial Analysis
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| About the Authors |
Erich A. Helfert (San Mateo, CA) is an internationally recognized management consultant in corporate finance, strategic planning, and executive education in financial/economic decision making and shareholder value creation. Dr. Helfert is chairman and co-founder of Modernsoft, Inc., San Mateo, CA, developers of Financial Genome, advanced interactive financial analysis and business modeling software, which is complementary to Techniques of Financial Analysis.
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| New Features |
Techniques of Financial Analysis Templates, the set of interactive templates that contain the key diagrams and models shown throughout Techniques of Financial Analysis 11/e have been updated. This important learning tool allows the student to examine live the implications of changing assumptions on diagrams like the business system (Chapter 1), sustainable growth (Chapter 3), and models like the integrated financial plan (Chapter 5), present value analysis (Chapters 6 and 7), and business valuation (Chapter 10), and many others. Accompanied by supporting financial statements and schedules, the templates provide fully integrated lecture and study support, reflecting the systems approach that is one of the book’s core advantages. It is located on the book's website via a free download.
Students and Instructors now have FREE access to a time-limited educational version of Financial Genome, an Excel add-in created by ModernSoft Inc. An advanced knowledge-based analysis and planning application, Financial Genome enables students to create a wide range of financial statements, fully integrated pro-forma projections, as well as to perform free-form analyses on data bases, data loaded from spreadsheets, or entered manually as desired. The product’s particular value lies in the ease with which students can not only perform their analyses, but also reinforce their learning through the transparent knowledge structure that instantly displays the meaning and connection of terms, ratios, and relationships. A unique password is found in every book that provides access to download software on the book's website.
New material was added to Chapter 1 on the role of the economic manager. This is an outgrowth of the author’s experience with seminars for many hundreds of senior managers. The new economy makes it even more essential that managers act with economic judgments in value creation― a return to sound analysis that makes understanding the tools and techniques in the book a critical requirement for students as future professionals.
More insight has been added about value creating companies in Chapter 11, an outgrowth of the dotcom fiasco and the recent speculative boom and bust. The contrast is being drawn sharply.
3M Corporation has been chosen as the key corporate example in the first three chapters, and an historical database has been included in Financial Genome to allow projection exercises.
The introductory cash flow example in Chapter 2, while still simple, has been expanded to include more aspects of a total business, and the progression from this to the full-fledged analysis of 3M Corporation is more integrated.
All exhibit graphics have been revisited and upgraded to provide a more comparable look, and to better support the systems concept and the three decision areas visually. Reviewer suggestions have been integrated.
In addition to the interactive templates of key diagrams and models, (see above) a regular PowerPoint presentation of all exhibits has been created for the Eleventh Edition to aid in classroom discussion and lectures The PowerPoint file is available on the book’s website only.
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| Components included in this package |
 | |  | | Techniques of Financial Analysis: A Guide to Value Creation, 11th Edition
Erich A. Helfert, Helfert & Associates | | Softcover, 624 pages | | ©2003, ISBN-13 9780072487299 | |
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| |  | | Passcode card to accompany Techniques of Financial Analysis, 11th Edition
Erich A. Helfert, Helfert & Associates | | | ©2003, ISBN-13 9780072825657 | |
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