Financial Management: USGAAP and IFRS Standards, Volume 6 (Innocation, Entrepreneurship, Management - Innovation and Technology)

This book combines the fundamentals of finance with relevance and effectiveness. It allows for the practice of this subject and covers all the programs of business schools, universities' finance courses, 'and engineering schools. This book is a relevant tool to acquire all the knowledge required for examination success and the achievement of proven practical competences Cover -- Half-Title Page -- Title Page -- Copyright Page -- Contents -- Introduction -- 1. Value: IFRS vs. US GAAP -- 1.1. Value and the time -- 1.1.1. Cost of money, interest rate (nominal and real) -- 1.2. The time value of money: US GAAP -- 1.3. Future value and present value: capitalization and discounting in discrete time -- 1.3.1. Simple interest -- 1.3.2. Compound interest -- 1.4. US GAAP: future value and present value of rules of time travel -- 1.4.1. US GAAP: Effective annual rate and annual percentage rate -- 1.4.2. US GAAP: the determinants of interest rates -- 1.5. Annuities and unearned income: IFRS -- 1.5.1. Value of a sum of constant annuities -- 1.5.2. Current value of a sum of constant annuities -- 1.5.3. The updating of constant sums over an infinite period: the return -- 1.6. Calculating net present value and future value: US GAAP -- 1.6.1. Constant annuities of cash flows -- 1.6.2. Perpetuity -- 1.6.3. Growing cash flows -- 1.7. Market value -- 1.7.1. Relation required rate: value -- 1.7.2. Valuation of fixed rate debt -- 1.8. Actuarial rate of return -- 1.9. Value and risk -- 1.9.1. Probabilities and expected returns -- 1.9.2. Uncertain expected rate of return -- 1.9.3. Couple profitability, a risk: representation of expectation/standard deviation -- 1.9.4. Introduction to diversification: the case of two assets -- 1.9.5. Notions of diversification and non-diversifiable risk -- 1.9.6. Modeling randomized profitability with a two-factor model -- 1.10. Value and information -- 1.10.1. Information and uncertainty -- 1.10.2. Information efficiency -- 1.10.3. Exercises Exercise -- 2. Diagnosis of Financial Statements: IFRS -- 2.1. Economic and financial analysis of business data -- 2.1.1. Principles and levels of study -- 2.1.2. Typology of financial analysis -- 2.1.3. Destination of the financial statement analysis La 4e de couverture indique : "Financial analyses are most often based on data from accounting documents published by businesses at the end of each year. Diagnostics, prognostics and recommendations are therefore usually made according to the information extracted from these documents, themselves presented in terms of different national and international financial accounting standards. However, there is always a certain level of bias in the interpretation of this data which stems from the consideration of an event, the classification of a position, or whether or not an event is integrated within an account or separated from it. Through the standards used in France and referred to in numerous other countries, this book presents different analytical approaches linked to other international standards such as the IFRS and the USGAAP. To complement this, various elements of finance are presented, regardless of the reference model." Content: 1. THE VALUE2. THE FINANCIAL DIAGNOSTIC OF THE FINANCIAL STATEMENTS3. Short-term financial management4. Long-term financial management5. The Methods of valuation of companies