Morris: Investing with the Trend: A Rules-based Approach to Money Management

Investing with the Trend provides an abundance of evidence for adapting a rules-based approach to investing by offering something most avoid, and that is to answer the “why” one would do it this way. It explains the need to try to participate in the good markets and avoid the bad markets, with cash being considered an asset class. The book is in three primary sections and tries to leave no stone unturned in offering almost 40 years of experience in the markets.

Key Features

• Part I – The focus is on much of the misinformation in modern finance, the inappropriate use of Gaussian statistics, the faulty assumptions with Modern Portfolio Theory, and a host of other examples. The author attempts to explain each and offer justification for his often strong opinions.
• Part II – After a lead chapter on the merits of technical analysis, the author offers detailed research into trend analysis, showing how to identify if a market is trending or not and how to measure it. Further research involves the concept of Drawdown, which the author adamantly states is a better measure of investor risk than the oft used and terribly wrong use of volatility as determined by standard deviation.
• Part III – This is where he puts it all together and shows the reader all of the steps and details on how to create a rules-based trend following investment strategy. A solid disciplined strategy consists of three parts, a measure of what the market is actually doing, a set of rules and guidelines to tell you how to invest based upon that measurement, and the discipline to follow the strategy.

Contents

• Chapter 1 Introduction

Part I: Market Fiction, Flaws, and Facts

• Chapter 2 Fictions Told to Investors
• Chapter 3 Flaws in Modern Financial Theory
• Chapter 4 Misuse of Statistics and Other Controversial Practices
• Chapter 5 The Illusion of Forecasting
• Chapter 6 The Enemy in the Mirror
• Chapter 7 Market Facts: Bull and Bear Markets
• Chapter 8 Market Facts: Valuations, Returns, and Distributions 

Part II: Market Research

• Chapter 9 Why Technical Analysis? 
• Chapter 10 Market Trend Analysis 
• Chapter 11 Drawdown Analysis 

Part III: Rules-Based Money Management 

• Chapter 12 Popular Indicators and Their Uses 
• Chapter 13 Measuring the Market 
• Chapter 14 Security Ranking, Selection, Rules, and Guidelines 
• Chapter 15 Putting It All Together: The “Dancing with the Trend” Model 
• Chapter 16 Putting Trend-Following to Work 
• Chapter 17 Conclusions 
• Appendix A: Passive versus Active Management 
• Appendix B: Trend Analysis Tables 
• Appendix C: Market Breadth 
• Appendix D: Recommended Reading 
• Bibliography 
• About the Online Resources 
• Index

About the Authors

• Gregory L. Morris is Chairman of the Investment Committee for Stadion Money Management, LLC, which manages approximately $5.4 billion, and their Chief Technical Analyst. Prior to this role, Morris served as a trustee and advisor to the MurphyMorris ETF Fund and as treasurer and chief executive officer of MurphyMorris Money Management Co. and MurphyMorris.com. He has been a technical market analyst for over forty years, ranging from analysis software development and website analysis and education to money management. Morris is the author of two books, Candlestick Charting Explained and The Complete Guide to Market Breadth Indicators. He has appeared frequently on financial news shows, has lectured on technical analysis worldwide, and has been featured in major magazines. Morris was a U.S. Navy fighter pilot, is a graduate of the Navy Fighter Weapons "Top Gun" School, and holds a degree in aerospace engineering from the University of Texas.

Book Details

• Hardcover: 496 pages
• Publisher: Wiley; 1 edition (December 31, 2013)
• Language: English
• ISBN-10: 1118508378
• ISBN-13: 978-1118508374
• Product Dimensions: 10.1 x 6.9 x 1.7 inches
• List Price: $80.00

Berk: Corporate Finance 3rd Edition

Using the unifying valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo set the new standard for corporate finance textbooks. Corporate Finance blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager. With this ideal melding of the core with modern topics, innovation with proven pedagogy, Berk and DeMarzo establish the new canon in finance.

For programs and professors who would like a streamlined book that is specifically tailored to the topics covered in the first one-semester course, Corporate Finance: The Core is also available by Jonathan Berk and Peter DeMarzo.

Key Features

• The Law of One Price: A Unifying Principle of Valuation.
• Teaching Students to Think Finance.
• Simplified Presentation of Mathematics.
• Practice Finance to Learn Finance.
• Modern Research.
• Modern Practice.
• NEW! Focus on the 2007—2009 Financial Crisis and Sovereign Debt Crisis.
• Study Aids with a Practical Focus : Common Mistakes boxes.
• Applications that Reflect Real Practice.
• Interviews with notable practitioners.
• General Interest boxes.
• Options for Teaching Risk and Return.
• Emphasis of Capital Budgeting and Valuation.

New to This Edition

• New ‘Global Financial Crisis’ boxes
• Seven new practitioner interviews.
• Reorganized ratios coverage in Chapter 2.
• New examples with non-annual interest rates in Chapter 4.
• Chapter 6, “Valuing Bonds,” now appears after Chapter 5, “Interest Rates”.
• New ‘Using Excel’ boxes
• Updated text discussions, figures, and tables throughout.

Contents

PART I. INTRODUCTION

• 1. The Corporation
• 2. Introduction to Financial Statement Analysis
• 3. The Law of One Price and Financial Decision Making

PART II. TIME, MONEY, AND INTEREST RATES

• 4. The Time Value of Money
• 5. Interest Rates
• 6. Valuing Bonds

PART III. VALUING PROJECTS AND FIRMS

• 7. Investment Decision Rules
• 8. Fundamentals of Capital Budgeting
• 9. Valuing Stocks

PART IV. RISK AND RETURN

• 10. Capital Markets and the Pricing of Risk
• 11. Optimal Portfolio Choice and the Capital Asset Pricing Model
• 12. Estimating the Cost of Capital
• 13. Investor Behavior and Capital Market Efficiency

PART V. CAPITAL STRUCTURE

• 14. Capital Structure in a Perfect Market
• 15. Debt and Taxes
• 16. Financial Distress, Managerial Incentives, and Information
• 17. Payout Policy

PART VI. ADVANCED VALUATION

• 18. Capital Budgeting and Valuation with Leverage
• 19. Valuation and Financial Modeling: A Case Study

PART VII. OPTIONS

• 20. Financial Operations
• 21. Option Valuation
• 22. Real Options

PART VIII. LONG-TERM FINANCING

• 23. Raising Equity Capital
• 24. Debt Financing
• 25. Leasing

PART IX. SHORT-TERM FINANCING

• 26. Working Capital Management
• 27. Short-Term Financial Planning

PART X. SPECIAL TOPICS

• 28. Mergers and Acquisitions
• 29. Corporate Governance
• 30. Risk Management
• 31. International Corporate Finance

About the Authors

• Jonathan Berk is the A.P. Giannini Professor of Finance at the Graduate School of Business, Stanford University and is a Research Associate at the National Bureau of Economic Research. Before coming to Stanford, he was the Sylvan Coleman Professor of Finance at Haas School of Business at the University of California, Berkeley. Prior to earning his Ph.D., he worked as an Associate at Goldman Sachs (where his education in finance really began).
• Peter DeMarzo is the Mizuho Financial Group Professor of Finance and Senior Associate Dean for Academic Affairs at the Stanford Graduate School of Business. He is also a Research Associate at the National Bureau of Economic Research. He currently teaches MBA and Ph.D. courses in Corporate Finance and Financial Modeling. In addition to his experience at the Stanford Graduate School of Business, Professor DeMarzo has taught at the Haas School of Business and the Kellogg Graduate School of Management, and he was a National Fellow at the Hoover Institution.

Book Details

• Hardcover: 1136 pages
• Publisher: Prentice Hall; 3 edition (c2014)
• Language: English
• ISBN-10: 0132992477
• ISBN-13: 978-0132992473
• Product Dimensions: 10.1 x 8.2 x 1.7 inches
• List Price: $289.80

Clayman: Corporate Finance 2nd Edition: A Practical Approach

The book that fills the practitioner need for a distillation of the most important tools and concepts of corporate finance.

In today's competitive business environment, companies must find innovative ways to enable rapid and sustainable growth not just to survive, but to thrive. Corporate Finance: A Practical Approach is designed to help financial analysts, executives, and investors achieve this goal with a practice-oriented distillation of the most important tools and concepts of corporate finance.

Updated for a post-financial crisis environment, the Second Edition provides coverage of the most important issues surrounding modern corporate finance for the new global economy:

• Preserves the hallmark conciseness of the first edition while offering expanded coverage of key topics including dividend policy, share repurchases, and capital structure.
• Current, real-world examples are integrated throughout the book to provide the reader with a concrete understanding of critical business growth concepts.
• Explanations and examples are rigorous and global, but make minimal use of mathematics.
• Each chapter presents learning objectives which highlight key material, helping the reader glean the most effective business advice possible.
• Written by the experts at CFA Institute, the world's largest association of professional investment managers.

Created for current and aspiring financial professionals and investors alike, Corporate Finance focuses on the knowledge, skills, and abilities necessary to succeed in today's global corporate world.

Contents

CHAPTER 1 Corporate Governance

• Learning Outcomes
• 1. Introduction
• 2. Corporate Governance: Objectives and Guiding Principles
• 3. Forms of Business and Conflicts of Interest
• 4. Specific Sources of Conflict: Agency Relationships
• 5. Corporate Governance Evaluation
• 6. Environmental, Social, and Governance Factors
• 7. Valuation Implications of Corporate Governance
• 8. Summary
• Problems

CHAPTER 2 Capital Budgeting

• Learning Outcomes
• 1. Introduction
• 2. The Capital Budgeting Process
• 3. Basic Principles of Capital Budgeting
• 4. Investment Decision Criteria
• 5. Cash Flow Projections
• 6. More on Cash Flow Projections
• 7. Project Analysis and Evaluation
• 8. Other Income Measures and Valuation Models
• 9. Summary
• Problems

CHAPTER 3 Cost of Capital

• Learning Outcomes
• 1. Introduction
• 2. Cost of Capital
• 3. Costs of the Different Sources of Capital
• 4. Topics in Cost of Capital Estimation
• 5. Summary
• Problems

CHAPTER 4 Measures of Leverage

• Learning Outcomes
• 1. Introduction
• 2. Leverage
• 3. Business Risk and Financial Risk
• 4. Summary
• Problems

CHAPTER 5 Capital Structure

• Learning Outcomes
• 1. Introduction
• 2. The Capital Structure Decision
• 3. Practical Issues in Capital Structure Policy
• 4. Summary
• Problems

CHAPTER 6 Dividends and Share Repurchases: Basics

• Learning Outcomes
• 1. Introduction
• 2. Dividends: Forms
• 3. Dividends: Payment Chronology
• 4. Share Repurchases
• 5. Concluding Remarks
• 6. Summary
• Problems

CHAPTER 7 Dividends and Share Repurchases: Analysis

• Learning Outcomes
• 1. Introduction
• 2. Dividend Policy and Company Value: Theory
• 3. Factors Affecting Dividend Policy
• 4. Payout Policies
• 5. Analysis of Dividend Safety
• 6. Summary
• Problems

CHAPTER 8 Working Capital Management

• Learning Outcomes
• 1. Introduction
• 2. Managing and Measuring Liquidity
• 3. Managing the Cash Position
• 4. Investing Short-Term Funds
• 5. Managing Accounts Receivable
• 6. Managing Inventory
• 7. Managing Accounts Payable
• 8. Managing Short-Term Financing
• 9. Summary
• Problems

CHAPTER 9 Financial Statement Analysis

• Learning Outcomes
• 1. Introduction
• 2. Common-Size Analysis
• 3. Financial Ratio Analysis
• 4. Pro Forma Analysis
• 5. Summary
• Problems

CHAPTER 10 Mergers and Acquisitions

• Learning Outcomes 
• 1. Introduction 
• 2. Mergers and Acquisitions: Definitions and Classifications 
• 3. Motives for Merger
• 4. Transaction Characteristics
• 5. Takeovers
• 6. Regulation
• 7. Merger Analysis
• 8. Who Benefits from Mergers? 
• 9. Corporate Restructuring 
• 10. Summary 
• Problems 
• Glossary 
• References 
• About the CFA Program 
• Index

About the Authors

• MICHELLE R. CLAYMAN, CFA, is Founder, Managing Partner, and Chief Investment Officer of New Amsterdam Partners LLC, an institutional money management firm in New York City. She has been published in the Financial Analysts Journal and the Journal of Investing, and is a frequent commentator for CNBC, Bloomberg, and other financial media outlets.
• MARTIN S. FRIDSON, CFA, is CEO of FridsonVision LLC in New York City and is known for his innovative work in credit analysis and investment strategy. He is the author of several highly acclaimed books on financial statement analysis, high-yield debt, and financial history and is the youngest person ever inducted into the Fixed Income Analysts Society Hall of Fame.
• GEORGE H. TROUGHTON, CFA, is Professor Emeritus of Finance at California State University, Chico. He is a recipient of the C. Stewart Sheppard Award for the advancement of education in the investment profession as well as the Donald L. Tuttle Award for CFA Grading Excellence.

Book Details

• Hardcover: 528 pages
• Publisher: Wiley; 2 edition (c2012)
• Language: English
• ISBN-10: 1118105370
• ISBN-13: 978-1118105375
• Product Dimensions: 10.1 x 7.2 x 1.6 inches
• List Price: $100.00

Henderson: The One Page Financial Plan: Everything You Need to Successfully Manage Your Money & Invest for Wealth Creation

Managing your money and creating wealth has never been so easy with this simple, effective financial planning guide.

In The One Page Financial Plan, CEO and financial advisor Sam Henderson gives you a straightforward process for tailoring a financial plan that meets all your goals and needs. In fact, everything you need to comprehensively manage your money and create wealth can fit on one page.

A comprehensive, step-by-step handbook for getting the most out of your money, The One Page Financial Plan is the perfect tool for managing your assets effectively, whether you're a young person just starting out, or an experienced professional preparing for retirement. You'll learn to manage your money, navigate tax laws, plan for the future, and much more—all in the easiest manner you can imagine.

Whether you're 26 or 62, you shouldn’t wait to take care of your money and plan for the future. The One Page Financial Plan makes taking control of finances as easy as one, two, three.

Key Features

• Offers simple, straightforward financial planning advice appropriate for anyone at any age.
• Written by Sam Henderson, CEO and Senior Financial Adviser at Henderson Maxwell.
• Includes the latest advice on money management and wealth creation.

Contents

• Introduction: your personal financial revolution
• 1 Taking the first steps
• 2 Increase your income and make the most of your salary
• 3 Legally reduce your tax
• 4 Asset classes and portfolio construction
• 5 Property investment is easy
• 6 Shares for intelligent investors
• 7 Boost your super and reduce your tax
• 8 Self managed super funds (SMSFs)
• 9 Borrowing money to make money
• 10 Risk management and insurance
• 11 Centrelink and social security
• 12 Aged care
• 13 Estate planning
• 14 Twelve strategies to instantly boost your wealth
• 15 Completing your one-page financial plan
• 16 Your next steps: advice or DIY?
• Index

About the Authors

• Sam Henderson is CEO and Senior Financial Advisor at Henderson Maxwell, a multi-award winning, independently owned financial advisory firm with clients across Australia. Sam is the financial expert on Network Ten’s The Project, and can be seen as the host of Foxtel’s Sky News Business program Your Money, Your Call every Friday. Sam contributes to print media including Money magazine and The Australian Financial Review, and is a regular keynote speaker for the Australian Securities Exchange (ASX) and at retirement expos around Australia.

Book Details

• Paperback: 344 pages
• Publisher: Wrightbooks; 1 edition (August 5, 2013)
• Language: English
• ISBN-10: 1118588495
• ISBN-13: 978-1118588499
• Product Dimensions: 9 x 6 x 0.8 inches
• List Price: $29.95

Zelman: Financial Management of Health Care Organizations 4th Edition: An Introduction to Fundamental Tools, Concepts & Applications

This new Fourth Edition of Financial Management of Health Care Organizations, offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.

New to this edition: 

• The Perspectives sections and the glossary have been updated. 
• The book features a cutting-edge view of the health care landscape in 2013 and beyond after passage and pending implementation of the Affordable Care Act. 
• Areas of expanded content include revised examples of financial statements for both private non-profit hospitals and investor-owned hospital management companies, changes in bad debt and charity care, the role of financial statements, the discount rate or cost of capital, lease financing section, use of cost information, budgeting, cost centers, and current forms of reimbursement 
• Content new to this edition includes valuation of accounts receivable and the "waterfall" effect of cash collections, differences between Posting-Date and Service-Date reporting methodologies, calculation of effective annual interest rate, application of time value of money in perspectives, and Activity-Based Costing from the perspective of labor, supplies, and equipment.

Contents

• Chapter 1 The Context of Health Care Financial Management
• Chapter 2 Health Care Financial Statements
• Appendix A: Financial Statements for Sample Not-for-Profit and For-Profit Hospitals, and Notes to Financial Statements 
• Chapter 3 Principles and Practices of Health Care Accounting
• Chapter 4 Financial Statement Analysis
• Chapter 5 Working Capital Management
• Chapter 6 The Time Value of Money
• Appendix B: Future and Present Value Tables 
• Chapter 7 The Investment Decision
• Appendix C: Technical Concerns in Calculating Net Present Value 
• Appendix D: Adjustments for Net Working Capital 3 42
• Appendix E: Tax Implications for For-Profit Entities in a Capital Budgeting Decision and the Adjustment for Interest Expense 
• Appendix F: Comprehensive Capital Budgeting Replacement Cost Example 
• Chapter 8 Capital Financing for Health Care Providers
• Appendix G: Bond Valuation, Loan Amortization, and Debt (Borrowing) Capacity 
• Chapter 9 Using Cost Information to Make Special Decisions
• Appendix H: Break-even Analysis for Practice Acquisition 
• Chapter 10 Budgeting
• Appendix I: An Extended Example of How to Develop a Budget 
• Chapter 11 Responsibility Accounting
• Chapter 12 Provider Cost-Finding Methods
• Chapter 13 Provider Payment Systems  
• Appendix J: Cost-Based Payment Systems 
• Glossary 
• Useful Websites and Apps 
• Index

About the Authors

• William N. Zelman is a professor in the Department of Health Policy and Administration in the University of North Carolina at Chapel Hill.
• Michael J. McCue is a professor in the Department of Health Administration at Virginia Commonwealth University.
• Noah D. Glick is a senior healthcare consultant for FTI in its Health Solutions division.
• Marci S. Thomas is a clinical associate professor in the Department of Health Policy and Administration in the School of Public Health at the University of North Carolina, Chapel Hill.

Book Details

• Hardcover: 704 pages
• Publisher: Jossey-Bass; 4 edition (c2014)
• Language: English
• ISBN-10: 111846656X
• ISBN-13: 978-1118466568
• Product Dimensions: 9.6 x 7.1 x 1.6 inches
• List Price: $130.00

Kirkpatrick's Investment & Trading Strategies: Tools & Techniques for Profitable Trend Following

At its foundation, technical analysis involves recognizing and analyzing trends, and identifying the best investment strategy to take advantage of them. Most traders and investors who look for trends do so by analyzing a long list of charts on a continuing basis. In Trend Analysis and Confirmation, world-renowned technical analysis researcher Charles D. Kirkpatrick III presents a tested, pinpoint approach to stock investing that is far more effective and efficient.

Drawing on statistical testing of markets from 1970 to the present, Kirkpatrick identifies combinations of technical tests that have consistently delivered the best performance. Using these tests, he shows how to identify the stocks that are now demonstrating the strongest relative and absolute strength. Next, he identifies specific trend following indicators most likely to identify the first signs of trend reversals – and, thus, the right time to sell.

Throughout, Kirkpatrick offers detailed, practical, and example-rich guidance for using each indicator, providing all the detail you need to implement an investment strategy that is both profitable and risk-averse.

Key Features

• Choosing stocks, timing buy and sell decisions: trend-based, evidence-driven explanations of what to do, how to do it, and why.
• Specific advice from one of the world’s leading technical analysts, backed with modern statistical tests that identify the best combination of indicators to use.
• Identifying early signs of weakness: indispensable market timing techniques for maximizing gain and protecting capital from loss.
• Reflects Charles D. Kirkpatrick III’s 45 years of experience as an investor, trader, advisor, and world-renowned technical analysis researcher/instructor.

Praise for Kirkpatrick's Investment & Trading Strategies

“This book should be in the library of every serious trader, investor or portfolio manager. It brings out clearly the essential elements needed to construct and test systems for investing and trading successfully in stocks. The author vigorously backtests algorithmic, rule based systems. Writing in plain, understandable language, the author clarifies the advantages of the ‘walk forward’ method for testing and optimizing strategies and the importance of well-defined exit rules for risk control and profitability. Indeed, everything from portfolio stock selection to short-term trading systems are well defined and thoroughly tested.”

--Hank Pruden, Ph.D., Professor of Golden Gate University and Chairman of Technical Securities Analysts Association of San Francisco.

“Charles Kirkpatrick does an excellent job of laying out a complete investment strategy, from stock selection through money management. Even seasoned pros will learn something new about relative strength, ADX, and optimization.”

--Lawrence G. McMillan, President of McMillan Analysis Corp. and author of Options as a Strategic Investment.

“The wisdom of a true master! My highest recommendation! Kirkpatrick, a highly respected professional at the peak of his long and varied investment career, distills all of his 47 years of intensive study and experience into this concise book that spells out in detail his best strategies--so that you can profit from his deep, hard-won knowledge.”

--Robert W. Colby, CMT, author of The Encyclopedia of Technical Market Indicators.

“Charles Kirkpatrick has been producing top-notch work for years, as evidenced by his multiple Dow Awards and top-rated books. And his work keeps getting better. He doesn’t just hypothesize about market movements. He backs up his ideas with real, quantified data. This book is another very impressive addition to the Charles Kirkpatrick library of work. Well done!”

--Rob Hanna, founder of QuantifiableEdges.com and OvernightEdges.com.

Contents

• Chapter 1: Introduction
• Chapter 2: Investment Strategies: Backtesting
• Chapter 3: Initial Standard Optimizations
• Chapter 4: Market Timing and Walk-Forward Optimizing
• Chapter 5: Stock Selection Using Relative Strength
• Chapter 6: Trading Strategies
• Chapter 7: Directional Movement Index (DMI) and the ADX
• Chapter 8: Cycles and the Forward Line
• Chapter 9: Trading Models and Tests
• Index

About the Author

• Charles D. Kirkpatrick II has spent 45+ years in investing as a security analyst, portfolio manager, block desk trader, options trader, and institutional broker. He continues to publish his Market Strategist letter, calculate award-winning stock-selection lists, write books on trading and investing, and teach technical analysis at universities. He has appeared on CNBC and Wall Street Week and has been quoted in Barrons, Money, and BusinessWeek. Twice the winner of the Market Technicians Association’s prestigious Charles H. Dow Award, he is the coauthor of Technical Analysis: The Complete Resource for Financial Market Technicians and author of Beat the Market and Time the Market.

Book Details

• Hardcover: 160 pages
• Publisher: FT Press; 1 edition (c2014)
• Language: English
• ISBN-10: 013259661X
• ISBN-13: 978-0132596619
• Product Dimensions: 9.1 x 6 x 0.7 inches
• List Price: $49.99

IOMA: Cost Reduction & Control Best Practices 2nd Edition: The Best Ways for a Financial Manager to Save Money

The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting, Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields.

This book is a totally updated, authoritative compilation of the best strategies and techniques being used to control costs in various industries and across virtually all business functions. Each chapter focuses on a different department or function and includes the latest best practices and dozens of practical tips and tactics from managers around the country. In-depth case studies and examples show how diverse cost reduction and control measures work in the real world.

Based on vast research by the Institute of Management and Administration, the premier resource for management professionals, this guide is ideal for managers and financial officers who need to implement cost reduction measures promptly, small business owners who need fresh ideas for cutting costs, and all executives who realize that ongoing cost control is vital for resiliency and competitiveness in fluctuating economic environments. Today, cost control must be integrated into corporate culture in order to preserve that corporate culture.

Key Features

• Provides best practices and techniques for controlling costs within a company.
• New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs.
• Provides the latest strategies companies re using to control costs.

Contents

• 1. Corporate Cost-Control Strategies.
• 2. Human Resource Department Costs.
• 3. Benefits Costs.
• 4. Compensation Costs.
• 5. 401(k) Plan Costs.
• 6. Training and Development Costs.
• 7. Accounting Department Costs.
• 8. Accounts Payable Costs.
• 9. Credit and Collections Costs.
• 10. Purchasing Costs.
• 11. Inventory Costs.
• 12. Export Costs.
• 13. Outsourcing.
• 14. Downsizing.
• 15. Consultants’ Costs.
• 16. Business Tax Costs.
• Index.

About the Authors

• IOMA (Institute of Management and Administration) publishes a broad range of high-quality information products for business professionals. Their products serve two purposes: to improve the efficiency of their subscribers and to enhance the financial performance of the firm or organization. Over 180,000 top business professionals rely on IOMA publications, special reports, and electronic services every month.

Book Details

• Hardcover: 544 pages
• Publisher: Wiley; 2 edition (c2013)
• Language: English
• ISBN-10: 0471739189
• ISBN-13: 978-0471739180
• Product Dimensions: 9.6 x 6.5 x 1.4 inches
• List Price: $94.95

Madura: Personal Finance 5th Edition

The main feature of Personal Finance is its hands-on approach keyed to the concepts students need to build their own financial plans. The text’s seven parts are all pieces of a financial plan; Chapter 21 is the capstone. A running example throughout the book and a variety of end-of-chapter cases reinforce the practical aspects of planning.

Key Features

• The Building Your Own Financial Plan chapter-ending case studies are presented as an integrated series of exercises and worksheets that represent a portion of a financial plan.
• A Certified Financial Planner Exercise is contained in the last chapter (Chapter 21). This exercise challenges students to offer advice on how financial planning should be adjusted in response to a change in economic conditions.
• An Interactive Approach. Personal Finance’s interactive approach incorporates Internet-based resources along with many examples, problems, and ongoing case studies, all of which focus on providing students with hands-on practice applying financial concepts.
• Real-Life Scenarios. The text uses ongoing scenarios woven throughout all the chapters to illustrate the interdependence of personal finance decisions.
• Learning Tools
• Chapter Introductions.
• Learning Objectives.
• Explanation by Example.
• Marginal Glossary.
• NEW! Psychology of Personal Finance Boxed Feature and Questions.
• Economic Impact.
• Summary.
• Review Questions.
• Ethical Dilemmas.
• Video Exercises. .
• Financial Literacy Tests.
• Projects.

New to This Edition

• Attention is given to the financial crisis and economic recession where appropriate.
• A new boxed feature called Psychology of Personal Finance explains how financial planning decisions are affected by psychology. There is also an exercise at the end of each chapter that asks students to evaluate if their personal finance decisions regarding a specific behavior discussed in the chapter is influenced by psychology.
• A new boxed feature called Free Apps for Personal Finance identifies free apps that can be applied to help you make informed personal finance decisions.
• Chapter 1 has been substantially revised to thoroughly explain how the various financial planning components introduced there are integrated. Thus, students quickly see how they begin with budgeting as the foundation (in Chapter 2) and then additional components are covered in each chapter to develop a complete financial plan.
• Chapter 6 on Managing Your Money has been revised to reinforce the need to be conservative when investing money that will be needed to pay bills in the near future.
• Chapter 7 on Assessing and Securing Credit now gives more attention to how credit is commonly misused and can lead to credit problems.
• Chapter 8 on Managing Your credit has been revised to ensure a clear flow of concepts, and emphasis is now given to The Credit Card Accountability, Responsibility, and Disclosure Act (also called Credit CARD Act) of 2009. This act was passed in an effort to ensure that consumers who pursued credit card services are treated fairly and have access to complete information about the fees and other provisions of the credit agreement. Chapter 8 describes many provisions of the act that can provide you with more protection.
• Chapter 9 on Personal Loans devotes more attention to how excessive borrowing to buy an expensive car can complicate all other personal finance decisions.
• Chapter 10 on Purchasing and Financing a Home devotes more attention to how excessive borrowing to buy an expensive home can complicate all other personal finance decisions.In addition, more emphasis is given to determining how much you can afford when buying a home, the impact of economic conditions on home values, and how the financial crisis affected the home values.
• Chapter 14 on Investing Fundamentals devotes more attention to how some types of investments that could generate high returns are also subject to much risk (potential for large losses).
• Chapter 15 on Investing in Stocks now more thoroughly explains why stock prices change, and also explains the impact of the international environment on stock prices. It also elaborates on the limitations when analyzing stocks, as even the most thorough stock analysis can lead to investment decisions that result in major losses.
• Chapter 18 on Asset Allocation now places more emphasis on the need to properly assess risk when investing among various types of assets.
• Chapter 19 on Retirement Planning now gives more attention to the importance of planning retirement at a young age, and illustrates how individuals who save for retirement at an early age can possibly retire much earlier or will have much more to spend during their retirement years.
• Career Planning (in Appendix A) has been expanded substantially to explain how to select a college, how to select a major, and whether to pursue graduate school.

Contents

• 1. Overview of a Financial Plan

PART I. TOOLS FOR FINANCIAL PLANNING

• 2. Planning with Personal Financial Statements
• 3. Applying Time Value Concepts
• 4. Using Tax Concepts for Planning

PART II. MANAGING YOUR LIQUIDITY

• 5. Banking and Interest Rates
• 6. Managing Your Money
• 7. Assessing and Securing Your Credit
• 8. Managing Your Credit

PART III. PERSONAL FINANCING

• 9. Personal Loans
• 10. Purchasing and Financing a Home

PART IV. PROTECTING YOUR WEALTH

• 11. Auto and Homeowner’s Insurance
• 12. Health and Disability Insurance
• 13. Life Insurance

PART V. PERSONAL INVESTING

• 14. Investing Fundamentals
• 15. Investing in Stocks
• 16. Investing in Bonds
• 17. Investing in Mutual Funds
• 18. Asset Allocation

PART VI. RETIREMENT AND ESTATE PLANNING

• 19. Retirement Planning
• 20. Estate Planning

PART VII. SYNTHESIS OF FINANCIAL PLANNING

• 21. Integrating the Components of a Financial Plan
• Financial Literacy Post-Test
• Appendix A. Your Career
• Appendix B. Projects
• Appendix C. Financial Tables

Book Details

• Paperback: 696 pages
• Publisher: Prentice Hall; 5 edition (©2014)
• Language: English
• ISBN-10: 0132994348
• ISBN-13: 978-0132994347
• Product Dimensions: 10.9 x 8.4 x 1 inches
• List Price: $171.80

Berk: Corporate Finance 3rd Edition: The Core

For MBA/graduate students taking a course in corporate finance. Berk and DeMarzo's Corporate Finance uses a unifying valuation framework, the Law Of One Price, to present the core content instructors expect, the new ideas they want, and the pedagogy their students need to succeed.

Corporate Finance: The Core fits programs and individual professors who desire a streamlined book that is specifically tailored to the topics covered in the first one-semester course. For programs and professors who would like to use a text in a two semester, or more, sequence, please see Corporate Finance, the 31 chapter book also by Jonathan Berk and Peter DeMarzo.

Key Features

• The Law of One Price: A Unifying Principle of Valuation.
• Teaching Students to Think Finance.
• Simplified Presentation of Mathematics.
• Notation Boxes.
• Timelines.
• Numbered and Labeled Equations.
• NEW! Using Excel Boxes.
• Spreadsheet Tables.
• Practice Finance to Learn Finance.
• Concept Check questions.
• End-of-chapter problems written personally by Jonathan Berk and Peter DeMarzo.
• Data Cases.
• Modern Research.
• Modern Practice.
• NEW! Focus on the 2007–2009 Financial Crisis and Sovereign Debt Crisis.
• Study Aids with a Practical Focus.
• Common Mistakes boxes.
• Applications that Reflect Real Practice.
• Interviews with notable practitioners.
• General Interest boxes.
• Options for Teaching Risk and Return.
• Emphasis of Capital Budgeting and Valuation.

New to This Edition

• The 2007—2009 financial crisis and European sovereign debt crisis provide a valuable pedagogical illustration of what can go wrong when practitioners ignore the core concepts that underlie financial decision making. We integrate this important lesson into the book in a series of contextual Global Financial Crisis boxes. These boxes bring the relevance of the crises home to students by illustrating and analyzing key details about the financial crisis and sovereign debt dynamics.
• New centralized coverage of ratios in Chapter 2 in a specific section provides students with the tools to analyze financial statements.
• The reorganized flow of topics in Chapters 5 and 6–Chapter 6, “Valuing Bonds,” now appears after Chapter 5, “Interest Rates”–provides an immediate application of time value of money concepts to fixed debt and continuity in the interest rate determination coverage across the two chapters.
• Seven new practitioner interviews incorporate timely perspectives from leaders in the field related to the recent financial crisis and ongoing European sovereign debt crisis.
• New Using Excel boxes provide hands-on instruction of Excel techniques and include screenshots to serve as a guide for students.
• 45 new problems are included and many others are refined; the authors have once again personally wrote and solved each one. In addition, every single problem is available in MyFinanceLab, the groundbreaking homework and tutorial system that accompanies the book.

Contents

PART I. INTRODUCTION

• 1. The Corporation
• 2. Introduction to Financial Statement Analysis
• 3. The Law of One Price and Financial Decision Making

PART II. TIME, MONEY, AND INTEREST RATES

• 4. The Time Value of Money
• 5. Interest Rates
• 6. Valuing Bonds

PART III. VALUING PROJECTS AND FIRMS

• 7. Investment Decision Rules
• 8. Fundamentals of Capital Budgeting
• 9. Valuing Stocks

PART IV. RISK AND RETURN

• 10. Capital Markets and the Pricing of Risk
• 11. Optimal Portfolio Choice and the Capital Asset Pricing Model
• 12. Estimating the Cost of Capital
• 13. Investor Behavior and Capital Market Efficiency

PART V. CAPITAL STRUCTURE

• 14. Capital Structure in a Perfect Market
• 15. Debt and Taxes
• 16. Financial Distress, Managerial Incentives, and Information
• 17. Payout Policy

PART VI. ADVANCED VALUATION

• 18. Capital Budgeting and Valuation with Leverage
• 19. Valuation and Financial Modeling: A Case Study

About the Authors

• Jonathan Berk is the A.P. Giannini Professor of Finance at the Graduate School of Business, Stanford University and is a Research Associate at the National Bureau of Economic Research. Before coming to Stanford, he was the Sylvan Coleman Professor of Finance at Haas School of Business at the University of California, Berkeley. Prior to earning his Ph.D., he worked as an Associate at Goldman Sachs (where his education in finance really began).
• Peter DeMarzo is the Mizuho Financial Group Professor of Finance and Senior Associate Dean for Academic Affairs at the Stanford Graduate School of Business. He is also a Research Associate at the National Bureau of Economic Research. He currently teaches MBA and Ph.D. courses in Corporate Finance and Financial Modeling. In addition to his experience at the Stanford Graduate School of Business, Professor DeMarzo has taught at the Haas School of Business and the Kellogg Graduate School of Management, and he was a National Fellow at the Hoover Institution.

Book Details

• Hardcover: 768 pages
• Publisher: Prentice Hall; 3 edition (c2014)
• Language: English
• ISBN-10: 0133097897
• ISBN-13: 978-0133097894
• Product Dimensions: 10 x 8 x 1 inches
• List Price: $223.00

Smart: Fundamentals of Investing 12th Edition

The core concepts and tools students need to make informed investment decisions. Fundamentals of Investing helps students make informed investment decisions in their personal and professional lives by providing a solid foundation of core concepts and tools. Smart/Gitman/Joehnk use practical, hands-on applications to introduce the topics and techniques used by both personal investors and money managers. The authors integrate a consistent framework based on learning goals to keep students focused on what is most important in each chapter. Students leave the course with the necessary information for developing, implementing, and monitoring a successful investment program.

Key Features

• Provide an accessible layout: The Learning Goal System frames each chapter, giving students a clear roadmap through a tightly woven structure that links each header, end-of-chapter summary, discussion questions, problems, and cases.
• Get students invested in the material: The friendly and engaging writing style helps students learn the material the first time and review the material before exams.
• Tailor the material to fit your course: A flexible chapter structure allows professors to easily integrate the text into their syllabi. 

New to This Edition

• Provide the most recent material: To stay current in the field of investments and to continue to craft a book that will truly meet the needs of students and professors, new learning tools andtopic coverage are included:
• New Lead Author: Scott Smart, Scott received his Ph.D. from Stanford University in 1991, and he has been a member of the finance faculty at Indiana University since then. He is currently Associate Chair of the MBA Program at Indiana University's Kelley School of Business. His scholarly articles have appeared in the Journal of Financial Economics, the Journal of Finance, Financial Management, the Financial Review, the Journal of Accounting and Economics, and other scholarly journals. He has been recognized as an outstanding teacher by Business Week, and he has won more than a dozen teaching awards. Readers will see Scott’s imprint on every page.
• Updated real-world data through 2012, including text, tables, and figures.
• A new, tablet-like design and many new digital features that students can use on their own to enhance their learning.
• A new feature called An Advisor's Perspective. Available in MyFinanceLab, this feature consists of short video clips of professional investment advisors, including some of national prominence (such as Jim Grant of Grant's Interest Rate Observer), talking about the investments topics covered in each chapter.
• New QR codes in the margins of each chapter. Students can scan these codes with their smart phones to gain access to videos and other web content that enhance the topical coverage of each chapter.
• A new feature called Investor Mistakes. These boxes appear in the margins of most chapters and highlight investment lessons gleaned from the behavioral finance literature.
• New and updated Investor Facts boxes–brief sidebar items that give an interesting statistic or cite an unusual investment experience.
• Updated Markets in Crisis feature highlighting various aspects of the recent financial crisis and recession.
• Step-by-step video tutorials featuring author Scott Smart, found in MyFinanceLab, act as a learning aid for select end-of-chapter questions.
• Expanded and updated coverage of behavioral finance, particularly but not exclusively in Chapter 9.
• New and updated chapter openers with, in many chapters, an end-of-chapter problem that ties back to the chapter opener.
• Expanded coverage of exchange-traded funds in Chapter 12.

Contents

Part I. PREPARING TO INVEST

• Chapter 1. The Investment Environment
• Chapter 2. Securities Markets and Transactions
• Chapter 3. Investment Information and Securities Transactions

Part II. IMPORTANT CONCEPTUAL TOOLS

• Chapter 4. Return and Risk
• Chapter 4A. The Time Value of Money
• Chapter 5. Modern Portfolio Concepts

Part III. INVESTING IN COMMON STOCKS

• Chapter 6. Common Stocks
• Chapter 7. Analyzing Common Stocks
• Chapter 8. Stock Valuation
• Chapter 9. Market Efficiency and Behavioral Finance

Part IV. INVESTING IN FIXED-INCOME SECURITIES

• Chapter 10. Fixed-Income Securities
• Chapter 11. Bond Valuation

Part V. PORTFOLIO MANAGEMENT

• Chapter 12. Mutual Funds and Exchange-Traded Funds
• Chapter 13. Managing Your Own Portfolio

Part VI. DERIVATIVE SECURITIES

• Chapter 14. Options: Puts and Calls
• Chapter 15. Commodities and Financial Futures
• Glossary
• Index
• Credits

WEB CHAPTERS

• 16. Investing in Preferred Stocks
• 17. Tax-Advantaged Investments
• 18. Real Estate and Other Tangible Investments

Book Details

• Hardcover: 672 pages
• Publisher: Prentice Hall; 12 edition (c2014)
• Language: English
• ISBN-10: 0133075354
• ISBN-13: 978-0133075359
• Product Dimensions: 8 x 10 inches
• List Price: $260.00

Horngren: Introduction to Financial Accounting 11th Edition

For Introductory Financial Accounting courses at the MBA level, and for rigorous undergraduate courses.

A unique blend of theory, practice, and robust financial statement analysis.

Introduction to Financial Accounting describes the most widely accepted accounting theory and practice with an emphasis on using and analyzing the information in financial statements. This text also compares U.S. GAAP to IFRS where relevant.

Key Features

• Coverage of IFRS
• We cover critical differences between U.S. generally accepted accounting principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) without unnecessary details.
• We include problem materials from companies reporting under IFRS as well as U.S. GAAP.
• Emphasis on Understanding and Analyzing Financial Statements.
• Financial Statement Portfolio, inserted in Chapter 2 and identified by a blue vertical bar on the page edges, provides a visual roadmap to financial statement analysis by highlighting key financial ratios and how to derive them from the financial statements. The Financial Statement Portfolio also refers students to appropriate chapters in the book for in-depth coverage of these ratios. It is included in Chapter 2 to focus students on the usesof accounting information early in the course.
• Interpreting Financial Statements sections within each chapter permit students to pause and ponder how to use the information they are learning to better understand the financial position and prospects of a company.
• Analyzing and Interpreting Financial Statements problems at the end of each chapter include financial statement research, analyses of Starbucks financial statements, and analysis of other companies’ financial statements using the Internet.
• Focus on Starbucks' Annual Report is used to illustrate various methods for analyzing financial statements. There is a problem based on Starbucks in each chapter, allowing students to get a more complete picture of many financial reporting issues relating to one particular company.
• Other Features:
• Extensive treatment of ethics, with both text coverage and end-of-chapter problems focusing on this important topic in nearly every chapter.
• Critical Thinking Exercises in the assignment material of each chapter that ask students to consider conceptual issues that may have no right answer.
• Business First Boxes in each chapter, many new or completely revised. These boxes provide insights into operations at well-known domestic and international companies, accenting today’s real-world issues.

New to This Edition

• Totally updated text to include current examples from real companies.
• Extensive revisions for clarity.
• Revision of problem material to include examples from corporate outcomes in the last two years.
• Coverage of the current status of FASB and IASB regulatory action.
• Highlights of likely upcoming changes in accounting standards, including revenue recognition and leases.
• Updated Business First Boxes.

Contents

• 1. Accounting: The Language of Business
• 2. Measuring Income to Assess Performance
• The Portfolio
• 3. Recording Transactions
• 4. Accrual Accounting and Financial Statements
• 5. Statement of Cash Flows
• 6. Accounting for Sales
• 7. Inventories and Cost of Goods Sold
• 8. Long-Lived Assets
• 9. Liabilities and Interest
• 10. Stockholders’ Equity
• 11. Intercorporate Investments and Consolidations
• 12. Financial Statement Analysis
• Glossary
• Index

Book Details

• Hardcover: 648 pages
• Publisher: Prentice Hall; 11 edition (c2014)
• Language: English
• ISBN-10: 0133251039
• ISBN-13: 978-0133251036
• Product Dimensions: 8.7 x 11.3 inches
• List Price: $281.20

Eiteman: Multinational Business Finance 13th Edition

Authoritative, comprehensive coverage of contemporary international finance.

Renowned for its authoritative, comprehensive coverage of contemporary international finance, this market-leading text trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face.

The thirteenth edition attempts to capture the rapid evolution of our global marketplace through a number of principles, practices, and features.

Key Features

• The unique managerial emphasis employs numerous embedded mini-cases to push students beyond a superficial understanding of abstract concepts. Students learn that a successful manager in a multinational enterprise not only needs to be able to recognize imperfections in national markets for products, factors of production and financial assets, but also to be able to make decisions about how to benefit from those imperfections.
• Exceptional currency of coverage keeps students abreast of contemporary issues and events, including financial management issues in emerging markets.
• An entire chapter is devoted to the political risk challenges faced by multinational enterprises across three corridors of exposure: firm-specific risk, country-specific risk, and global-specific risk.
• Spreadsheet examples, along with online templates, give students hands on practice with a key tool of the financial manager. Multinational Business Finance also offers the most end-of-chapter problems of any text on the market. Spreadsheet solutions are available for instructors.
• A complete supplements package, including PowerPoint® lecture notes, instructor’s manual and a comprehensive test bank is available.

New to This Edition

• NEW. Emerging market content is integrated throughout, highlighting both the promises and challenges of financial management in a global marketplace.
• EXPANDED coverage of the global financial crises from the credit crisis of 2007-2009 to the current sovereign debt and financial crisis raging across Europe.
• NEW. Twelve of the 20 mini-cases in the book are new. The majority are inclusive of emerging market business.
• REVISED. In order to create a shorter, tighter text for today's more complex courses, the authors have merged and integrated a number of concepts and chapters:
• Chapters on currency derivatives - futures, options, and swaps - have been combined.
• Chapters on translation exposure and operating (economic) exposure have been revised to capture the industry’s growing interest and concern over these currency-based company exposures.
• Chapters on the financial structures and capital sourcing strategies employed by multinational firms have been restructured and reorganized for a tighter presentation.

Contents

Part I Global Financial Environment

• Chapter 1 Current Multinational Challenges and the Global Economy
• Chapter 2 Corporate Ownership, Goals, and Governance
• Chapter 3 The International Monetary System
• Chapter 4 The Balance of Payments
• Chapter 5 The Continuing Global Financial Crisis

Part II Foreign Exchange Theory and Markets

• Chapter 6 The Foreign Exchange Market
• Chapter 7 International Parity Conditions
• Chapter 8 Foreign Currency Derivatives and Swaps

Part III Foreign Exchange Exposure

• Chapter 9 Foreign Exchange Rate Determination and Forecasting
• Chapter 10 Transaction Exposure
• Chapter 11 Translation Exposure
• Chapter 12 Operating Exposure

Part IV Financing the Global Firm

• Chapter 13 The Global Cost and Availability of Capital
• Chapter 14 Raising Equity and Debt Globally
• Chapter 15 Multinational Tax Management

Part V Foreign Investment Decisions

• Chapter 16 International Portfolio Theory and Diversification
• Chapter 17 Foreign Direct Investment and Political Risk
• Chapter 18 Multinational Capital Budgeting and Cross-Border Acquisitions 

Part VI Managing Multinational Operations

• Chapter 19 Working Capital Management
• Chapter 20 International Trade Finance

About the Authors

• Arthur I. Stonehill is a Professor of Finance and International Business, Emeritus, at Oregon State University, where he taught for 24 years (1966–1990).
• David K. Eiteman is Professor Emeritus of Finance at the John E. Anderson Graduate School of Management at UCLA.
• Michael H. Moffett is Continental Grain Professor in Finance at the Thunderbird School of Global Management.

Book Details

• Hardcover: 648 pages
• Publisher: Prentice Hall; 13 edition (c2013)
• Language: English
• ISBN-10: 0132743469
• ISBN-13: 978-0132743464
• Product Dimensions: 10.2 x 7.9 x 0.7 inches
• List Price: $260.00

Flood: Wealth Exposed: Insurance Planning for High Net Worth Individuals & Their Advisors

An indispensable survival guide for high-net-worth individuals and their advisors. If you're like most high-net-worth individuals nowadays, you are underinsured, over-targeted in litigation, and dangerously exposed to risks that can profoundly jeopardize your lifestyle and rob you and your family of what they’ve worked so hard to achieve. Don't risk it all for lack of basic knowledge. Read Wealth Exposed and get the practical guidance and real-world solutions you need to protect your hard-earned assets.

Written by a leading national risk management expert with extensive experience advising high-net-worth individuals, Wealth Exposed alerts you to the full range of risks to which high-net-worth individuals are exposed, while schooling you in your risk management ABCs. Designed for high-net-worth individuals, their CPAs, attorneys, family office managers, and others, Wealth Exposed arms you with the knowledge and tools you need to protect yourself, or your clients, from mayhem.

Read Wealth Exposed and find out what you need to know to protect your assets from risk and secure your peace of mind.

Key Features

• Provides a framework for creating a comprehensive personal risk management strategy.
• Contains numerous real-life anecdotes and case studies drawn from the author's case files.
• Discusses insurance solutions for property, cars, jewelry, aircraft, watercraft, wine, cars, and more.

Praise for Wealth Exposed

"Brian's book is an excellent review of the types of personal risk management issues people face today. His refreshingly readable approach demystifies the world of insurance. Families and their advisors, including financial planners, lawyers, and accountants, stand to gain from reading Brian's book."

—Jerry Hourihan, Executive Vice President/CMO, AIG

"High net worth families have unique risk management needs. Brian has effectively illustrated those needs through his use of real-life stories and highlights the role of specialized insurance products and service solutions to provide these families the protection they need."

—Bob Courtemanche, Chairman, ACE Private Risk Services

Contents

• Introduction
• The Challenges of Wealth and the Next Level
• Why Wealth Exposed Needed to Be Written
• How to Use This Book

Chapter 1 Welcome! You Are at the Next Level

• A Real-World Success Story
• What Risks Are You Facing?

Chapter 2 My-Oh-My, How Far You Have Come!

• Remember Your First Apartment?

Chapter 3 Life Is Too Short to Drink Cheap Wine

• A Look at Managing Valuables and Collectibles Schedules
• Now to the Wine Cellar for a Vertical Tasting of Lafite
• Then There’s the Antiques, Rugs, China, and Other Treasures

Chapter 4 The Hired Help—Who’s Watching Whom?

• The Real Risk of “Nanny Revenge”
• What Can Go Wrong? Everything
• Managing the Risks of Household Staff
• Four Things All Domestic Employers Need to Know about Employee Law
• Workers Compensation, Employee Benefits, and the Employment Practices Issues Domestic Staff Present

Chapter 5 Which Car Will I Drive Today, the Ferrari or the Bentley?

• It’s Not Your Oldsmobile’s Insurance Coverage
• Insuring for the Underinsured and Uninsured
• High-End Cars Need High-End Insurance Coverage

Chapter 6 How Big Is Your Umbrella?

• Standard Umbrella Policies versus Specialized Umbrella Policies
• How Much Is Enough?
• Filling the Gaps
• Not-for-Profit Board Members—Are You at Risk?
• Summary

Chapter 7 Toys, Toys, and More Toys

• Case-in-Point
• Managing Your Risks at Sea . . . . . . and in the Air
• You’d Better Sweat the Small Stuff

Chapter 8 Personal and Family Security Risks

• Whom Are We Really Dealing with Here?
• We’re All an Open Book
• Understanding the Threats
• The World Is Your Liability
• Preemptive Security Planning

Chapter 9 The Dangers of Wealth

• High Profile Equals High Risk
• What Exactly Is Defamation?
• Professional Liability
• The Higher the Profile, the Bigger the Lawsuits
• The Wealthy Need to Prepare for the Worst
• You Are Your Brand, So You’d Better Protect It
• Protecting Your Intellectual Capital

Chapter 10 Personal Risk Management Planning at the Next Level

• It’s All Downhill from Here
• The Personal Risk Management Process
• Generic Solutions Just Don’t Cut It at the Next Level

Chapter 11 Would You See an MD Generalist for a Heart Transplant?

• It Takes Three to Tango
• What Your Property-Casualty Agent Doesn’t Know Can Hurt You
• It’s Not Just about Insurance
• Advantages of Consolidating Your Personal Risk Program
• Service Fit for Kings and Queens
• It Takes a Village

Chapter 12 Getting Started with Next-Level Planning

• It’s Not Going to Get Any Easier
• How Do You Eat an Elephant?
• Go Ahead and Rip Off that Band-Aid!

Chapter 13 Making the Move Abroad

• It’s All in the Planning
• What Every Expatriate Should Know About International Insurance Coverage
• International Property Coverage
• Valuable Articles versus Regular Property
• Scheduling Your Valuables
• Storing Your Property
• Transit Insurance
• International Personal Umbrella Liability Coverage
• Key Takeaway—Don’t Leave Home without It

Chapter 14 Weaving It all Together

• Francesca’s Fabulous Life—A Case Study
• Francesca’s Directorship
• Final Strategies for Francesca and John
• Summary
• Conclusion
• It’s Easier than You Think 

Appendices 

• Appendix A Sample Personal Lines Checklist
• Appendix B Coverage and Service Comparison
• Appendix C Specialized Flood Insurance versus Standard Flood Insurance
• Appendix D Ten Items to Include in Family Disaster Plan
• Appendix E Breakdown of Audio and Video Recording Laws
• Notes
• Insurance Glossary
• Useful Websites for Personal Risk Management and Insurance Information
• Index

About the Authors

• Brian G. Flood, CPCU, ARM, is highly regarded for developing creative risk management solutions and concepts unique to each individual or organization. As Vice President of the Flood Group, Brian leads a team of both personal and commercial specialists to provide a complete suite of risk management services and products to a clientele that spans the country. As they have found that effective personal risk management begins with knowledge, education is a major thrust of the Flood Group's client outreach. Brian earned a BBA in management from Hofstra University.

Book Details

• Hardcover: 208 pages
• Publisher: Wiley; 1 edition (c2014)
• Language: English
• ISBN-10: 1118810694
• ISBN-13: 978-1118810699
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• List Price: $60.00

Cornett: Finance: Applications & Theory 3rd Edition

Finance: Applications and Theory 3e, by Cornett/Adair/Nofsinger incorporates the newest technology to facilitate the learning process, saving valuable time for you and your students. The Third Edition continues to provide the core topics for the course, highlighting personal examples to help students relate to the material. And now, McGraw-Hill’s adaptive learning component, LearnSmart, provides assignable modules that help students master chapter core concepts and come to class more prepared. In addition, resources within Connect Plus help students solve financial problems and apply what they’ve learned. Cornett’s superior pedagogy, extensive end-of-chapter problems, emphasis on the personal perspective, and focus on the core concepts combine with a complete digital solution to help students achieve higher outcomes in the course.

Contents

Part I: Introduction 

• Chapter 1: Introduction to Financial Management

Part II: Financial Statements

• Chapter 2: Reviewing Financial Statements 
• Appendix 2A: Various Formats for Financial Statements
• Chapter 3: Analyzing Financial Statements 

Part III: Valuing of Future Cash Flows

• Chapter 4: Time Value of Money 1: Analyzing Single Cash Flows 
• Chapter 5: Time Value of Money 2: Analyzing Annuity Cash Flows 

Part IV: Valuing of Bonds and Stocks 

• Chapter 6 Understanding Financial Markets and Institutions 
• Appendix 6A: The Financial Crisis: The Failure of Financial Institution Specialness 
• Chapter 7 Valuing Bonds 
• Chapter 8 Valuing Stocks

Part V: Risk and Return

• Chapter 9: Characterizing Risk and Return
• Chapter 10: Estimating Risk and Return

Part VI: Capital Budgeting

• Chapter 11: Calculating the Cost of Capital
• Chapter 12: Estimating Cash Flows on Capital Budgeting Projects
• Chapter 13: Weighing Net Present Value and Other Capital Budgeting Criteria

Part VII: Working Capital Management and Financial Planning

• Chapter 14: Working Capital and Policies
• Apppendix 14A: The Cash Budget
• Chapter 15: Financial Planning and Forecasting 

Part VIII: Capital Structure Issues

• Chapter 16: Assessing Long-term Debt, Equity, and Capital Structure
• Chapter 17: Sharing Firm Wealth: Dividends, Share Repurchases and Other Payouts
• Chapter 18: Issuing Capital and the Investment Banking Process

Part IX: Other Topics in Finance

• Chapter 19: International Corporate Finance
• Chapter 20: Mergers and Acquisitions and Financial Distress

Book Details

• Hardcover: 736 pages
• Publisher: McGraw-Hill/Irwin; 3 edition (c2014)
• Language: English
• ISBN-10: 007786168X
• ISBN-13: 978-0077861681
• Product Dimensions: 11.2 x 8.5 x 1.5 inches
• List Price: $260.33