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This proceedings volume offers a diverse compilation of scholarly papers that explores financial markets and corporate reporting in times of geopolitical crises. Featuring a selection of papers presented at the 2022 and 2023 Annual Conference on Finance and Accounting (ACFA) held in Prague, Czech Republic, this book provides empirical research, insightful analyses and practical implications on the challenges and opportunities in today's global financial landscape. It covers a wide spectrum of research methodologies including modeling, empirical testing, cases studies, and qualitative analysis. From investigating the economics of crypoassets to examining sustainable finance development issues, this book is valuable to academics, scholars, researchers, and policymakers in finance and accounting, including auditing and tax theory.

A complicated accounting model, FASB ASC 740 has been around for a while. But the rules are becoming more challenging as businesses become more complex. This book incorporates the new tax rates and other impacts of the Tax Cuts and Jobs Act and will assist you in understanding FASB ASC 740, Income Taxes, and how it establishes guidelines for accounting for income taxes, including income tax expense, classification of deferred tax accounts, and related disclosures.Key topics include: Principles of FASB ASC 740 Income tax expense and deferred tax liabilities and assets Valuation allowances Proper documentation of deferred income taxes in the work papers Required disclosures within the financial statements

This volume of Eurasian Studies in Business and Economics presents selected theoretical and empirical papers from the 25th Eurasia Business and Economics Society (EBES) Conference, held in Berlin, Germany, in May 2018. Covering diverse areas of business and management from different geographic regions, the book focuses on current topics such as consumer engagement, consumer loyalty, travel blogging, and AirBnB's marketing communication strategy, as well as healthcare project evaluation and Industry 4.0. It also includes related studies that analyze accounting and finance aspects like bank reliability and the bankruptcy risks of equity crowdfunding start-ups.

The latest scholarly developments in research on banking, financial markets, and the recent financial crisis. This selection of papers were presented at the Wolpertinger Conference held in Valletta, Malta, 2012 and provide insights into bank performance, banking risk, securitisation, bank stability, sovereign debt and derivatives.

Dieses Buch bietet Einblicke in aktuelle Fragen der Corporate Governance, indem es zwölf Fälle aus den 2010er und 2020er Jahren untersucht, in denen die Corporate Governance als problematisch angesehen wurde. Die Fälle sollen den Leser mit Episoden aus dem'wirklichen Leben'vertraut machen, die Auswirkungen auf die Corporate Governance haben. Sie beleuchten, warum es immer wieder zu Unternehmensskandalen kommt, inwieweit diese auf ein Versagen der Corporate Governance zurückzuführen sind und auf welche Weise die Corporate Governance - und das Verhalten derjenigen, die für eine gute Governance und eine ethische Kultur in ihrem Unternehmen sorgen - in Zukunft verbessert werden kann. Dieses Buch ist für Unternehmer, Studenten der Wirtschaftswissenschaften und Juristen von Interesse und regt zur Diskussion über die Gründe an, warum die Corporate Governance versagt hat oder als unzureichend angesehen wurde.Dieses Buch stellt die Übersetzung einer englischsprachigen Originalausgabe dar. Die Übersetzung wurde mit Hilfe von künstlicher Intelligenz erstellt (maschinelle Übersetzung mit DeepL.com). Eine anschließende manuelle Überarbeitung erfolgte vor allem nach inhaltlichen Gesichtspunkten, so dass das Buch stilistisch von einer herkömmlichen Übersetzung abweicht.

This book continues the discussion on recent developments relating to ethical and sustainable issues in accounting and finance from Volumes I to III, looking into topics such as the importance of good governance in accounting, tax, auditing and fraud examination, ethics, sustainability, environmental issues, and new technologies and their effects on accounting and finance, focusing in particular on environmental and sustainability reporting in the oil and gas and banking sectors.

'Comptabilité et analyse financière est un ouvrage d'introduction à la comptabilité financière et à l'analyse financière. Une approche internationale adopte le point de vue de l'utilisateur des documents comptables publiés par les entreprises. Plutôt que d'imposer une solution réglementaire à chacune des difficultés d'évaluation et de communication, l'ouvrage analyse la logique économique du problème et en identifie les solutions théoriquement possibles. Il explique les répercussions de chacune de ces solutions sur les entreprises et sur les décideurs. Il constitue une base universelle de connaissances pour tous les étudiants qui veulent s'intégrer dans une économie mondialisée. Que leur carrière les conduise aux responsabilités de dirigeants ou de gestionnaires de sociétés ou que leur position soit celle d'observateurs extérieurs (investisseurs, gestionnaires de portefeuille, analystes de crédit, etc.), les étudiants devront savoir se repérer dans la comptabilité et l'information financière et en interpréter les données. Ils devront exercer leurs aptitudes, non seulement sur les entreprises de leur pays, mais sur les comptes publiés par les groupes internationaux cotés sur les principales places mondiales. C'est pourquoi l'ouvrage ne se confine pas dans une approche « nationale » des questions comptables. Il offre un point de vue mondialisé, en s'appuyant prioritairement sur les normes internationales IAS/IFRS. Il ne néglige pas pour autant les principales normes nationales, tant les US GAAP que les normes ou usages français, belges et suisses ou d'autres normes nationales dans la mesure où elles apportent un éclairage intéressant et utile. Il est destiné aux étudiants d'écoles de commerce et d'universités (sciences de gestion, mastères) et aux professionnels (directeurs financiers, managers, analystes, investisseurs) en formation continue. Il facilite aux lecteurs francophones l'accès à une approche internationale de la comptabilité.'

Mit dem näher rückenden Ende der ersten EEG-Vergütungsphase stellt sich für eine Vielzahl der Betreibenden von landwirtschaftlichen Bestandsbiogasanlagen die Frage nach geeigneten Konzepten für einen wirtschaftlichen Weiterbetrieb. In dem Band werden die relevantesten Folgekonzepte ermittelt und in Zahlungsstrommodellen dargestellt. Um einen möglichst hohen Erkenntnisgewinn über die Folgekonzepte für die Fortführung der Stromerzeugung und Biogasaufbereitung und die damit zusammenhängende Investitionsentscheidung zu erlangen, werden verschiedene Verfahren der Investitionsrechnung angewandt.

This volume examines how innovation and digital transformation impact the financial and accounting sectors. Featuring selected contributions from the third ‘Finance, Accounting and Law in the Digital Age conference 2024'held at the University of Salamanca, Spain, the contributions of this book explore the development of digital finance and the complicated equation between financial stability, the security of investors and financial consumers, sustainable finance, and support for innovation. Climate change and the exponential growth of technology have built an explosion of financial innovation. The digital revolution has recently reached the financial sector, protected by a specific regulatory environment. The volume describes how all areas of finance are now invested by new players who are transforming the banking and financial landscape to create a novel digital ecosystem.

This book explores the multifaceted relationship between sustainability and corporate performance in health care by providing a review of the relevant policy and academic literature, together with novel quantitative evidence to support strategic and managerial decision-making. The book uniquely investigates whether and how improvements in sustainability-related activities and reporting, and respective ESG scores assigned by international rating agencies, are related to corporations'economic and market performance. The potential development and expansion in private health care services and products, accelerated by the COVID-19 pandemic, calls for a new paradigm in the health care industry. After introducing the reader to the social and policy context for sustainable development and to various normative and market instruments used to assess sustainability and corporate performance, the book presents the results of statistical analyses conducted on a representative sample of top health care companies listed in European capital markets and draws conclusions about the profitability and effectiveness of sustainability- and ESG-related investments. There's a current debate about whether investing in sustainability not only fulfills ethical obligations but also drives long-term value. The empirical literature often presents conflicting findings, particularly when it comes to scholars'relatively limited evaluation of the health care industry. The book sheds new light on this proposition and offers guidance on sustainable decision-making in health care, making it relevant for researchers and professionals.

This book provides a clear and concise explanation of withholding tax and how to leverage best practice to generate improved investment performance. It gives practical guidance to financial service firms and investors to help them understand the issues involved, trends and practicalities of maximizing returns on investment.Most of the $200 billion of withholding tax lost by investors annually is due to lack of awareness and not asking the right questions of their brokers and custodian banks. Financial institutions are also increasingly being held to a higher standard by investors for provision of withholding tax services because of the impact it can have on portfolio performance. This book seeks to raise awareness of the issues and provide more detail about how the system works and what challenges and changes readers should expect in the future.

Taxation is becoming more and more relevant for firms and managers decisions, mainly due to the impacts of taxation on firms and projects performance, profitability and value. This book provides an introductory overview of taxation in the fields of finance and accounting. It covers several fundamental topics of taxation, such as income, corporate and value add tax, and tax planning and management, international taxation, EU tax harmonization and transfer prices. This book intends to provide the readers with an understanding of the main concepts and principles of these topics, regardless of specific country contexts in law. With this book, readers will be able to understand the fundamentals of taxation at a conceptual and practical level. By using theory and practical examples, readers will understand taxation at a broader level, without being concerned about country-specific issues.

In diesem Buch wird die Bewertung von ganzen Unternehmen, Unternehmensanteilen und anderen Vermögensgegenständen aus verschiedenen Blickwinkeln betrachtet. Dabei werden sowohl praktische als auch theoretische Aspekte eingeschlossen. Die Unternehmensbewertung erfordert ein breites betriebswirtschaftliches Wissen, welches durch Expertise aus anderen Bereichen komplementiert wird. Dies bedingt eine interdisziplinäre Herangehensweise, die in diesem Buch durchgehend angewandt wird. Die Beiträge vereinen Blicke aus Betriebswirtschaftslehre, Volkswirtschaftslehre, Soziologie, Rechtswissenschaften und Geschichtswissenschaft. So entsteht ein ganzheitlicher Blick auf das Unternehmen und seine Vermögenspositionen, der sowohl für Praktiker der Unternehmensbewertung als auch für Wissenschaftler vielfache Einblicke bietet und die Diskussion weiter vorantreibt.Der InhaltDenkschulen der UnternehmensbewertungHistorische Entwicklung der UnternehmensbewertungNeoklassische Finanzierungstheorie und UnternehmensbewertungFunktionale UnternehmensbewertungstheorieÖkonomische Analyse rechtlicher BewertungsanlässeUnternehmensbewertung und NachhaltigkeitESG Kriterien und UnternehmensbewertungenDie HerausgeberProf. Dr. Stefan Behringer leitet den Kompetenzbereich Controlling am IFZ Institut für Finanzdienstleistungen Zug an der Hochschule Luzern.Prof. Dr. Florian Follert ist Inhaber der Professur für Betriebswirtschaftslehre, insbesondere betriebswirtschaftliche Entscheidungslehre, an der Privatuniversität Schloss Seeburg.

Um international im Accounting fachspezifisch und frei von Missverständnissen zu kommunizieren, benötigt man das entsprechende bilinguale Fachvokabular. Wie etwa bezeichnet man auf Englisch die Abschlusszahlung? Und was sind receivables?Das Fachwörterbuch International Accounting umfasst alle relevanten Begriffe aus Theorie und Praxis der internationalen Rechnungslegung sowie aus den Bereichen Controlling, Finance und Management und liefert für jede Situation die richtige Übersetzung.Der deutsche Teil enthält mehr als 31.000 Fachbegriffe mit über 47.000 englischen Übersetzungsvarianten, der englische Teil beinhaltet knapp 28.000 Einträge mit circa 40.000 Übersetzungen. Auf britische und US-amerikanische Besonderheiten wird hingewiesen. Gebräuchliche englische Abkürzungen werden erwähnt und am Ende des Buches nochmals gesondert aufgelistet.

The book is considered a guideline for systemic personnel development in controlling of nationally and internationally active companies on the basis of a targeted development of competencies. In particular, the challenges posed by digitalization and globalization are considered and substantiated with the help of empirical studies. Employees and managers in controlling as well as HR managers in companies gain a deeper understanding of the necessity and the components of systematic personnel development. The goals are the formation of high-performance teams in controlling as well as the identification of personal career paths on the way to top management tasks as CFO. The focus of the personnel development model is on the transfer of the competence-oriented development approach, which, in addition to the traditionally considered technical and methodological competencies, also takes into account social and personal competencies as well as additional digital and intercultural competencies. The book is rounded off by a survey of the current situation, the definition of a target situation to be aimed at, the discussion of suitable further training measures and the monitoring of the level of competency achieved, and illustrates concrete career concepts.

Sustainability Accounting, Management Control and Reporting: A European Perspective traces a picture of innovative performance measurement tools and approaches to drive organizations to implement their shared value and sustainability strategy, considering different perspectives around accounting, managerial control and reporting. In recent years, organizations managing their responsible approach with relevance and pressure from stakeholders and regulations has proven to be a major challenge. During the first two decades of the 21st century, many companies have reached a real maturity in this area and have deployed coherent responsible approaches that are integrated into their overall strategy. It is now a matter of steering these responsible approaches from an accounting and managerial standpoint, but also of reporting on them. It requires the simultaneous use of comprehensive accounting, controlling and reporting tools. This book provides an innovative perspective on sustainable management control, comprehensive accounting and integrated reporting, presenting the most recent proposals and the main critical issues. Aimed at researchers, academics, managers, business leaders and advanced students, the book will be especially valuable to those in the fields of corporate social responsibility, strategic management, and accounting.

Der vorliegende Leitfaden wurde im Rahmen eines wissenschaftlichen Forschungsprojekts entwickelt und in einer realen Praxisanwendung validiert. Das beschriebene Konzept unterstützt die Verantwortlichen, Schritt für Schritt ein ganzheitliches Risk Management in der Praxis umzusetzen. Der systematische Umgang mit Risiken wird an konkreten Spitalbeispielen erläutert, sodass der erprobte Risk Management Ansatz adaptiert und in pragmatischer Weise in Spitälern und Krankenhäusern umgesetzt werden kann.

The book describes the historical evolution and development of accounting theories and principles. Value and valuation have been reviewed extensively. The author provides a detailed comparison between historic and fair value accounting. A comprehensive review of the literature and researchers'opinions about measurement, fair value, and historical cost value will enable the readers to understand the concepts in detail. Additionally, the book includes case studies evaluating the accounting practices in Turkey and Romania to illustrate how these concepts are implemented in practice. The reader will obtain a good understanding of the local nationalized accounting systems, and up to what extent countries have adapted to IFRS. The books discusses the usage of IT tools in accounting and analyses the impact of information technology such as big data, artificial intelligence, and data analytics in the field of accounting.

Rückstellungen sind für das bilanzierende Unternehmen und die Jahresabschlussadressaten regelmäßig von großer Bedeutung und gehören gleichermaßen zu den umstrittensten Bilanzpositionen. Marcel Rost erarbeitet normativ belastbare Grundsätze zur Abbildung in der Handels- und Steuerbilanz. Ausgehend von den Interdependenzen zwischen wirtschaftlicher Betrachtungsweise und Objektivierungserfordernis werden konkretisierende Prinzipien sowohl für den Ansatz als auch für die Zugangs- und Folgebewertung von Verbindlichkeitsrückstellungen herausgearbeitet. Das Kriterium der wirtschaftlichen Vermögensbelastung wird dabei als zentrales Element für Verbindlichkeitsbegriff und Passivierungszeitpunkt identifiziert. Darüber hinaus erfolgt eine bilanzsystematische Einordnung von Rückstellungen für drohende Verluste aus schwebenden Geschäften sowie die Untersuchung des Kompensationsbereichs in diesem Kontext.

Luftfahrtunternehmen befinden sich in einem Markt mit hohen Wachstumsraten, doch immer wieder erschüttern Krisen die Luftfahrt. Doch nicht nur krisenbedingte Nachfrageeinbrüche stellen Luftfahrtunternehmen vor Schwierigkeiten, auch die fortwährende Globalisierung und der zunehmende Marktwettbewerb - vor allem durch Low Cost Airlines - führen selbst in Wachstumszeiten immer wieder zu Insolvenzen von Luftfahrtunternehmen. Letztlich müssen sie im hart umkämpften Markt Strategien finden, um dauerhaft bestehen zu können. Als Lösungsansatz bildet das Controlling gerade auch für mittelständische Luftfahrtunternehmen eine notwendige Methodik, um die Effizienz der Unternehmung zu sichern.Dieses Buch zeigt Ihnen typische Controllinginstrumente, die sich gerade für den Mittelstand eignen. Neben der Deckungsbeitragsrechnung sind die Anwendung des Revenue Managements und der Einsatz von Kennzahlen diskutiert.

Dieses Buch führt systematisch in die Anwendung und Auswertung von Erfolgsrechnungssystemen ein. Es wird vermittelt, wie durch die wertorientierte Verbindung von Kosten- und Leistungsrechnung, Prozesskostenrechnung und anderen Erfolgsrechnungssystemen eine führungsorientierte Konzeption einer Erfolgsrechnung im Unternehmen aufgebaut sein kann. Dieses umfassende und anwendungsorientierte Werk vereinfacht Fachkräften den Transfer auf konkrete betriebliche Szenarien und begleitet Studierende durch das gesamte Studium der Betriebswirtschaftslehre. Die klare Struktur, zahlreiche Abbildungen und Tabellen sowie nachvollziehbare Berechnungen erleichtern das Verständnis.

Intangible assets are becoming increasingly important as value drivers for multinational companies. It is a strategic question how to allocate intangibles within the multinational corporation. It needs to be defined by whom and under which conditions they can be utilized. Typical IP migration models such as licensing, joint development and transferring are becoming a focal point within tax audits across the globe. Hence,defining an intangibles system that fulfils the tax requirements is of utmost strategic importance for multinational corporations. A central question is how to value intangibles in line with the arm's length principle as is required internationally for transfer pricing purposes.Edited by leading transfer pricing and valuation experts in Europe, this comprehensive book offers practitioners an effective road map for identifying, valuing and implementing intangibles for transfer pricing purposes under consideration of both the OECD and local perspectives. It is therefore a must-have book for transfer pricing and valuation practitioners on all levels of experience.The book starts with an introduction to the role of intangibles in the world of transfer pricing including typical intangibles migration models. It describes common intangible assets across all types of industries, including e.g. automotive, consumer goods and software.Using several numerical examples, the book then covers state-of-the-art valuation methods including how to apply these methods in practice in a way consistent with the OECD Transfer Pricing Guidelines. The different country chapters written by local experts provide country-specific guidance on the legal framework concerning intangible assets from a transfer pricing and valuation perspective. Finally, the book covers practical advice on the implementation of an intangible assets system. This book offers invaluable guidance to practitioners seeking tools to apply the arm's length principle in theworld of intangibles.

Das Buch gilt als Leitfaden einer systemischen Personalentwicklung im Controlling national und international tätiger Unternehmen auf Basis einer gezielten Entwicklung von Kompetenzen. Dabei werden speziell die Herausforderungen durch die Digitalisierung und Globalisierung betrachtet und mit Hilfe von empirischen Untersuchungen konkretisiert. Mitarbeitende und Führungskräfte im Controlling sowie HR-Verantwortliche in Unternehmen erhalten ein vertieftes Verständnis für die Notwendigkeit und die Bestandteile einer systematischen Personalentwicklung. Ziele sind dabei die Bildung leistungsfähiger Teams im Controlling sowie das Aufzeigen persönlicher Karrierepfade auf dem Weg bis zu obersten Führungsaufgaben als CFO. Der Schwerpunkt des Personalentwicklungsmodells liegt dabei auf der Übertragung des kompetenzorientierten Entwicklungsansatzes, der neben den traditionell betrachteten Fach- und Methodenkompetenzen auch Sozial- und Selbstkompetenzen sowie zusätzlich digitale und interkulturelleKompetenzen berücksichtigt. Die Erhebung des Ist-Zustands, der Festlegung eines anzustrebenden Soll-Zustands über die Erörterung von geeigneten Weiterbildungsmaßnahmen bis hin zur Kontrolle des erreichten Kompetenzniveaus komplettieren das Buch und bilden konkrete Laufbahnkonzepte ab.

This book continues the discussion on recent developments relating to ethical and sustainable issues in accounting & finance from Ethics and Sustainability in Accounting and Finance, Volume I. Accounting is often seen as a technical discipline that records, classifies and reports financial transactions. However, since the financial information produced concerns all interest groups both within and outside the enterprise, accounting also has social characteristics and involves multi-faceted duties and responsibilities. As such, in addition to basic principles and accepted rules and standards in the field, this book focuses on the ethical aspects and fundamentals of this profession that accountants should also take into consideration, as this is the only way to build and preserve society's confidence in accounting and increase its social credibility.

Das Jahrbuch der return bündelt alle Ausgaben der Zeitschrift aus 2020 – darunter eine zusätzliche Sonderausgabe – in einem Band.Der Anspruch lautet: Aufklärung statt Aussichtslosigkeit. Denn das Magazin für Transformation und Turnaround widmet sich vorbildlicher Unternehmensführung in erfolgreichen Anpassungsprozessen bis hin zu bewältigten Krisen.Dafür berichtet return praxisnah, wie Unternehmenslenker den Wandel rechtzeitig vollziehen oder die Wende frühzeitig einleiten. Unternehmer, Berater, Forscher und Journalisten berichten anhand von konkreten Beispielen über Best Practice. Leser mit Management-Aufgaben erhalten zudem Wissen zu wichtigen betriebswirtschaftlichen, juristischen und steuerlichen Themen.Nutzwert, Orientierung und Inspiration vereinen die Inhalte zur Stärkung von Unternehmern und eröffnen damit neue Blickwinkel auf Chancen und Risiken. Das Management-Magazin richtet sich vor allem an Inhaber, Vorstände, Geschäftsführer, Berater, Prüfer, Wirtschaftsjuristen, Insolvenzverwalter und Finanzdienstleister.

Stefan Rech entwickelt eine umfassende Konzeption für das Dienstleistungscontrolling. Mit der Konzeption trägt der Autor zur theoretischen, konzeptionellen und empirischen Fundierung des Dienstleistungscontrollings in der Betriebswirtschaftslehre bei. Der theoretisch-konzeptionelle Bezugsrahmen integriert bisherige Ansätze, berücksichtigt Verhaltensaspekte und ist geprägt von der Service-dominant Logic. Die empirische Studie gewährt Einblicke in den Entwicklungsstand dienstleistungsspezifischer Controllingsysteme. Dienstleistungsbetriebe und produzierende Unternehmen, die zum Dienstleister transformieren, erhalten einen Orientierungsrahmen für die praktische Gestaltung des Dienstleistungscontrollings.Stefan Rech promovierte als externer Doktorand bei Univ.-Prof. Dr. Dr. habil. Wolfgang Becker am Lehrstuhl für Betriebswirtschaftslehre, insbesondere Unternehmensführung und Controlling an der Otto-Friedrich-Universität Bamberg. Hauptberuflich ist er im Bereich Global Cloud Services bei einem Softwareunternehmen tätig.

Mergers and acquisitions (M&As) reshape the corporate landscape helping companies expand market share and gain a strategic advantage. The ability to understand and analyze these transactions is a crucial skill. The first step in acquiring that skill is being able to gather and analyse information on M&As from public sources, such as financial statements. This textbook helps its readers better analyze M&A transactions using information provided in financial statements. Covering accounting and reporting of consolidations, goodwill, non-controlling interests, step acquisitions, spin-offs, equity carve-outs, joint ventures, leveraged buyouts, disposal of subsidiaries, special purpose entities, and taxes, it focuses on the link between underlying economic events and the information in financial statements and how this link affects the assessment of corporate performance. The first part of the book provides description of the accounting rules governing M&A transactions, whilethe second part includes cases of M&A transactions. Each case focuses on a different element of an M&A transaction, and it is followed by a detailed solution with a complete analysis. Unlike other books in this field, this textbook focuses exclusively on accounting and financial analysis for graduate and upper undergraduate level courses in financial analysis, corporate finance, and financial accounting.

Dieses Buch vermittelt prägnant und eingängig Konzepte und Handlungsempfehlungen für erfolgreiches Beteiligungscontrolling und -management, insbesondere mit Blick auf den bilanziellen Einfluss von möglichen Optimierungen. Dabei stehen die klassischen Fragen der Investitionsrechnung, Bilanzerstellung aus Sicht von Unternehmern, Banken oder Aktionären, Portfoliomanagement, Cash- und Liquiditäts- bzw. Working Capital Management im Fokus. Anhand von Excel-basierten mehrperiodischen Beispielen wird Praxiswissen zu Bewertungsproblemen, Bewertungsverfahren und den gesetzlichen Rahmenbedingungen strukturiert aufbereitet.Das Management von Beteiligungen, die Bewertung dieser und des gesamten Unternehmens bekommt auch im Mittelstand durch die zunehmende Internationalisierung, anstehende Generationenwechsel und Nachfolgeprobleme größere Bedeutung. Dieses Buch gibt Praktikern das passende Werkzeug an die Hand, um den Wert der Gesellschaft optimal darzustellen.

This book provides a digestible step-by-step guide to reading corporate financial reports, drawing upon real-life case studies and examples of corporate collapses and accounting scandals, and applying practical tools to financial statement analysis. Appealing to a range of practitioners within corporate finance including investors, managers, and business analysts, this book is the first to specifically address the challenges facing those who are not professional accountants and auditors when examining corporate financial reports.Corporate financial reports are used widely by managers, investors, creditors, and government agencies to examine company performance and evaluate potential risks. However, although seemingly an invaluable source of information for managerial decision-making, financial reports are often based on rough simplifications of a very complex reality. With no way of avoiding deliberate manipulations and fraudulent activity, these statements cannot be relied on completely when selecting stocks or evaluating credit risk, and therefore poor analysis can lead to potentially disastrous investment decisions.The author suggests that in order to effectively interpret corporate financial reports, we must'read between the lines'to accurately assess a company's economic performance and predict its long-term viability.

In recent decades, the dissemination and the adoption of new public management (NPM) have been significant within the new public sector. One key innovation is the adoption of accrual accounting from business enterprise. The unresolved question is, what does accrual accounting mean in practice for government? This book analyzes the initial stage of development of an accrual accounting system in the context of regional government in Italy. It presents the accrual accounting system as a new technology and contributes to understanding of neutral tools involved in a public sector reform.

NewsProfessor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University).Advances in Quantitative Analysis of Finance and Accounting is an annual publication to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.The papers in this volume cover a wide range of topics including earnings management, management compensation, option theory and application, debt management and interest rate theory, and portfolio diversification.

Now in its fifth edition, Derivatives and Internal Models provides a comprehensive and thorough introduction to derivative pricing, risk management and portfolio optimization, covering all relevant topics with enough hands-on, depth of detail to enable readers to develop their own pricing and risk tools. The book provides insight into modern market risk quantification methods such as variance-covariance, historical simulation, Monte Carlo, hedge ratios, etc., including time series analysis and statistical concepts such as GARCH Models or Chi-Square-distributions. It shows how optimal trading decisions can be deduced once risk has been quantified by introducing risk-adjusted performance measures and a complete presentation of modern quantitative portfolio optimization. Furthermore, all the important modern derivatives and their pricing methods are presented; from basic discounted cash flow methods to Black-Scholes, binomial trees, differential equations, finite difference schemes, Monte Carlo methods, Martingales and Numeraires, terms structure models, etc. The fifth edition of this classic finance book has been comprehensively reviewed. New chapters/content cover multicurve bootstrapping, the valuation and hedging of credit default risk that is inherently incorporated in every derivative—both of which are direct and permanent consequences of the financial crises with a large impact on our understanding of modern derivative valuation. The book will be accompanied by downloadable Excel spread sheets, which demonstrate how the theoretical concepts explained in the book can be turned into valuable algorithms and applications and will serve as an excellent starting point for the reader's own bespoke solutions for valuation and risk management systems.

Das Jahrbuch der return bündelt alle sechs Ausgaben der Zeitschrift aus 2018 in einem Band.Der Anspruch lautet: Aufklärung statt Aussichtslosigkeit. Denn das Magazin für Transformation und Turnaround widmet sich vorbildlicher Unternehmensführung in erfolgreichen Anpassungsprozessen bis hin zu bewältigten Krisen.Dafür berichtet return praxisnah, wie Unternehmenslenker den Wandel rechtzeitig erkennen und die Wende frühzeitig einleiten. Unternehmer, Berater, Forscher und Journalisten berichten anhand von konkreten Beispielen über Best Practice. Leser mit Management-Aufgaben erhalten zudem Hintergrund und Wissen zu wichtigen betriebswirtschaftlichen, juristischen und steuerlichen Themen.Nutzwert, Orientierung und Inspiration vereinen die Inhalte zur Stärkung von Unternehmern und eröffnen damit neue Blickwinkel auf Chancen und Risiken. Die Management-Zeitschrift richtet sich vor allem an Inhaber, Vorstände, Geschäftsführer, Berater, Prüfer, Wirtschaftsjuristen, Insolvenzverwalter und Finanzdienstleister. Profis ziehen Profit aus der Lektüre, weil return als Medientitel mit starkem Schutzfaktor wirkt.

Jürgen Weber is known for his behavioral perspective on controlling and has made a lasting impact in German speaking countries during the past three decades. This anniversary volume compiles some of his outstanding publications from that period and presents them for the first time in English. In addition, it contains a current publication index of Jürgen Weber's entire body of work.

This book analyzes the impacts that family control of firms has on capital structure choices, leverage and the risk of financial distress, earnings management practices, and the relation between accounting choices and firm market value. For these purposes, longitudinal data on Italian family and non-family non-financial firms are closely analyzed. The Italian setting is of special interest in this context because family businesses account for 94% of GDP, families are particularly committed to maintaining control of firms, and the economy is bank based rather than market based. The analyses draw on the socioemotional wealth approach, which emphasizes the importance of the stock of emotional value in family firms, in combination with financial theories such as Pecking Order Theory, Trade-off Theory, and Agency Theory. The findings cast significant new light on differences between family and non-family firms and the effects of different forms of family influence. The book will have broadappeal for academics, managers, practitioners, and policymakers.

Marius Wittke stellt fest, dass kognitive Verzerrungen fehlerhafte Projektentscheidungen verursachen können. Dadurch ergeben sich Realoptionswertminderungen, die eine Überbewertung von Handlungsflexibilitäten nach der klassischen Realoptionsbewertung zur Folge haben. Es gelingt dem Autor, den Einfluss der Informationsgüte sowie kognitive Verzerrungen in die Bewertung von Investitionsprojekten zu integrieren. Seine Analyse zeigt, dass kognitive Verzerrungen wie der Confirmation Bias oder der Sunk Cost Bias einen Erklärungsbeitrag zu Projektanomalien wie dem Escalation of Commitment liefern, woraus sich Anknüpfungspunkte für mögliche Gegensteuerungsmaßnahmen ergeben.

This book presents the most current trends in the field of finance and accounting from an international perspective. Featuring contributions presented at the 17th Annual Conference on Finance and Accounting at the University of Economics in Prague, this title provides a mix of research methods used to uncover the hidden consequences of accounting convergence in the private (IFRS) and public sectors (IPSAS). Topics covered include international taxation (from both the micro- and macroeconomic level), international investment, monetary economics, risk management, management accounting, auditing, investment capital, corporate finance and banking, among others.The global business environment shapes the international financial flows of finance and the demand for international harmonization of accounting. As such, the field of global finance and accounting has encountered some new challenges. For example, policy-makers and regulators are forced to restructure their tools to tackle with new features of trading at global capital markets and international investment. This book complements this global view of development with country-specific studies, focusing on emerging and transitioning economies, which are affected indirectly and in unforeseen ways. The combination of global perspective and local specifics makes this volume attractive and useful to academics, researchers, regulators and policy-makers in the field of finance and accounting.

This book is a timely addition to the fast-growing international debate on Integrated Reporting, which offers a holistic view of the evolution and practice of Integrated Reporting. The book covers the determinants and consequences of Integrated Reporting, as well as examining some of the most relevant issues (particularly in the context of the United States) in the debate about Integrated Reporting.

Tax Havens for International Business is a special management report that shows how the establishment of a tax haven operation, in any of many locations worldwide, can save more money than any internal tax-shelter programme. This volume provides a comprehensive, step-by-step plan that simplifies the myriad complexities surrounding the formation and incorporation of branch offices and subsidiary companies within such tax havens as the Bahamas, Bermuda, the Cayman Islands, Greece, Hong Kong, Luxembourg, Malta, The Netherlands, Panama, Puerto Rico, and Switzerland. In addition, it presents detailed information on each tax haven's economic, legal, political, cultural and geographical aspects, which must be considered if such an enterprise is to operate successfully.

This book draws readers'attention to the financial aspects of daily life at a corporation by combining a robust mathematical setting and the explanation and derivation of the most popular models of the firm. Intended for third-year undergraduate students of business finance, quantitative finance, and financial mathematics, as well as first-year postgraduate students, it is based on the twin pillars of theory and analytics, which merge in a way that makes it easy for students to understand the exact meaning of the concepts and their representation and applicability in real-world contexts. Examples are given throughout the chapters in order to clarify the most intricate aspects; where needed, there are appendices at the end of chapters, offering additional mathematical insights into specific topics. Due to the recent growth in knowledge demand in the private sector, practitioners can also profit from the book as a bridge-builder between university and industry. Lastly, the book provides useful information for managers who want to deepen their understanding of risk management and come to recognize what may have been lacking in their own systems.

The energy sector has more trading volume than any other commodity. Broken into four sections, Investing in Energy is an essential primer on this lucrative market. It guides the reader through the basics of getting started in energy trading, before outlining specific trading and investing strategies.

Philip Brown is one of the most admired and respected accounting academics alive today. He was a pioneer in capital markets research in accounting, and his 1968 article, co-authored with Ray Ball,'An Empirical Evaluation of Accounting Income Numbers,'arguably had a greater impact on the course of accounting research, directly and indirectly, than any other article during the second half of the twentieth century. Since that time, his innovative research has focused on issues that bridge accounting and finance, including the relationships between net profit reports and the stock market, the long-run performance of acquiring firms, statutory sanctions and voluntary corporate disclosure, and the politics and future of national accounting standards to name a few. This volume brings together the greatest hits of Brown's career, including several articles that were published in out-of-the-way places, for easier use by students and researchers in the field. With a foreword written by Stephen A. Zeff, and an introduction that discusses the evolution of Brown's research interests and explains the context for each of the essays included in the volume, this book offers the reader a unique look inside this remarkable 50-year career.

Monetary Policy, central banking, and international norms and regulations; a discussion far from new, nor applying exclusively to the world's most advanced economies. A sound monetary policy and a well-enforced regulatory regime is provided, in explanation of developing nations to channel financial resources more efficiently into investments.

This book offers a comprehensive view on bancassurance from its origin to future challenges and opportunities, considering the relevant changes currently interesting the financial services industry. It also provides a detailed review of theoretical and empirical literature dealing with financial conglomeration.

This is the first single-volume desktop reference on mergers, acquisitions, and divestitures to cover all important aspects at once, including business, legal, finance, accounting, tax, and process issues. The author writes in an engaging, accessible style that will appeal to professionals and students alike.

This is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version. Profits You Can Trust gives managers, directors, lenders, audit partners and analysts a clear framework to demystify global financial reporting in a market fraught with danger. Filled with provocative and enlightening examples, it offers a fresh perspective and clear guidance for everyone involved with financial reporting strategy and communication, as well as specific and easily understood questions that must be asked to avoid accounting landmines that can destroy even the most successful business. The authors begin with an overview of the challenges of financial literacy for business decision-makers operating in both U.S. and global environments, the reasons decision-makers tacitly'conspire'to inflate stated revenues and reduce stated costs, and how'small'lies inevitably lead to bigger ones. Next, using easy-to-understand examples, they discuss six key accounting minefields in detail. These include revenue recognition; provision for uncertain future costs; asset values; risk management and the use of derivatives; related party transactions; and performance benchmarking. Finally, they turn to the key questions and lessons arising from recent financial scandals, including accounting firm conflict of interest; why Generally Accepted Accounting Practices aren't always sufficient; assessing mergers, acquisitions, and restructuring reserves; and the appropriate role of non-financial measurements such as balanced scorecards.

By understanding what accounting and finance departments do -- and why -- managers are better equipped to achieve corporate goals.

This dynamic study of the business of football considers its income and cost drivers, its capital structure and its accounting policies through UK examples and international comparison. Also addressed are the conflicts arising out of the incorporation of football and the dichotomy between sport and business, leading to a suggested contemporary framework for accountability and business behaviour.

Includes index.