Finance for Non-Finance Managers 1st Edition  (English, Paperback, Hawawini Gabriel)

Finance for Non-Finance Managers is ideal for the future manager or experienced executive who recognizes the importance of using financial information to maximize firm value. Respected authors Gabriel Hawawini and Claude Viallet have translated their wealth of experience into a concise, analytically sound introduction to financial management that is neither too simplistic nor too theoretical.

Based on modern finance principles, the book presents the most recent financial data and latest references with a level of practicality and rigorous analysis appropriate for today's experienced executive - without complicated formulas that have no direct application to decision making. Each chapter is self-contained - providing ultimate flexibility for teaching and making the book an excellent source for reference or self-learning beyond the traditional classroom.

This book is perfect for executive education, executive MBA courses, or any course where you want to translate theory into practice or use a case approach. A strong problem-scenario approach presents concepts within the context of financial management problems that executives commonly face. In addition, consistent case studies analyze the same set of companies throughout the text to provide a common thread that reinforces learning.

Key Feature

• Text is organized around the principle that the firm should be managed to create value for its owners.
• Real World Analysis: An in-depth analysis of the financial condition of the Polo Ralph Lauren Corporation has been added to illustrate concepts in practice.
• Value Creation Theme: The text is organized around the underlying principle that firms should be managed to create value for their owners. Chapter 1 introduces the concept of value creation, overviews the text, and explains how each topic relates to the value creation theme.
• Problem-Scenerio Topic Presentation: Each topic is presented using a "problem-scenario" approach - topics are presented in the context of a financial management problem that might be faced by an executive on a day-to-day basis. This makes topics more meaningful to the reader.
• Consistent Case Studies: Examples from the same set of companies run throughout the text to provide a common thread that reinforces understanding.
• Intuitive Presentation of Math: The text presents quantitative material in an accessible manner. Whenever a formula is used, the intuition behind it is explained and detailed applications are provided. Mathematical derivations of formulas are confined to chapter appendices.

Table of Contents

1. Financial Management and Value Creation: An Overview.
2. Understanding Balance Sheets and Income Statements.
3. Assessing Liquidity and Operational Efficiency.
4. Measuring Cash Flows.
5. Diagnosing Profitability, Risk, and Growth.
6. Using the Net Present Value Rule to Make Value-Creating Investment Decisions.
7. Alternatives to the Net Present Value Rule.
8. Identifying and Estimating a Project's Cash Flows.
9. Raising Capital and Valuing Securities.
10. Estimating the Cost of Capital.
11. Designing a Capital Structure.
12. Valuing and Acquiring a Business.
13. Making Value-Creating Decisions in an International Environment.
14. Managing for Value Creation.