Financial Analysis Tools and Techniques: A Guide for Managers

Praise for Financial Analysis Tools and Techniques:"e;Bona fide treasury for executives, managers, entrepreneurs. Have long used this great work in corporate & university programs. Uniquely makes the arcane clear."e;Allen B. Barnes, Provost, IBM Advanced Business Institute"e;A candidate for every consultant-to-management's bookshelf. Its beauty lies in the dynamic model of the business system and its management decision framework."e;Stanley Press CMC, Book review in C2M Consulting to Management Journal"e;Goes a long way to remove the mystery from business finance. Approach allows managers from all areas to understand how their decisions impact shareholder value."e;Stephen E. Frank, Chairman and Chief Executive Officer, Southern California Edison"e;Helfert has rare ability to make financial concepts understandable to those lacking financial background. His finance seminars exceeded our high expectations."e;L. Pendleton Siegel, Chairman and Chief Executive Officer, Potlatch Corporation"e;Commend the clarity, organization and currency of contents. There is no other book available that does the task in such an understandable and accessible way."e;Dr. Thomas F. Hawk, Frostburg State University"e;Helfert's excellent overviews and simplified models effectively broadened our managers' understanding of their fiscal responsibility to HP and our shareholders."e;Robert P. Wayman, Executive Vice President, Chief Financial Officer, Hewlett-Packard Company"e;The book has become a classic, and Helfert has been of substantial help to my company in teaching our people how to think about the numbers which drive it."e;Robert J. Saldich, President and Chief Executive Officer, Raychem Corporation"e;Helfert has contributed to the development of financial skills of TRW managers through his book, case studies and presentations, and highly rated instruction."e;Peter S. Hellman, President and Chief Operating Officer, TRW Inc."e;Helfert has the ability to make financial concepts understandable, and his credibility and content added significantly to the success of our educational effort."e;Giulio Agostini, Senior Vice President Finance, and Office Administration, 3M Corporation"e;Helfert's writing and teaching have become a mainstay for us, and his business and strategic sense have been recognized as valuable guides to our process."e;William H. Clover, Ph.D., Manager of Training, and AMOCO Learning CenterConcepts and tools for making sound business decisionsFinancial Analysis Tools and Techniques, a business-focused revision of Erich Helfert's perennial college bestseller Techniques of Financial Analysis, is a quick, easy read for nonfinancial managers and an excellent refresher and reference for finance professionals. This practical, hands-on guide provides a new introductory chapter that gives context to today's valuation turmoil and helps professionals understand the economic drivers of a business and the importance of cash flow.The book's overriding theme is that any business should be viewed as a dynamic, integrated system of cash flowsone that can be activated and managed by investment decisions. Topics, discussed in clear, comprehensive, and easy-to-understand detail, include: Increasing shareholder value through value-based management (VBM)Interpreting pro forma financial statements