The Real World of Finance: 12 Lessons for the 21st Century (Wiley Finance)

A manager's guide to the radical changes in corporate finance The Real World of Finance focuses on twelve traditional finance concepts that have been turned upside-down in the last ten years and guides the reader through new finance models so they can implement change in their own organizations. Interspersed throughout the text are examples of what Fortune 500 companies are doing to adapt their financial systems to the 21st century. James Sagner (White Plains, NY) is a Principal of Sagner/Marks and has managed over 250 large-scale studies for companies and non-profit organizations worldwide. He is a faculty member at the Kenan-Flagler Business School, University of North Carolina, and author of over forty papers and articles that have appeared in a wide range of industry publications. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise. Pt. I. Managing Financial Activities. Lesson 1. Profitability. Lesson 2. Working Capital. Lesson 3. Financial Responsibilities Outside Of Finance. Lesson 4. Outsourcing -- Pt. 2. Financing The Corporation. Lesson 5. Access To Credit. Lesson 6. Noncredit Banking Services. Lesson 7. Strategic Planning And Capital Budgeting. Lesson 8. Rating Agencies. Lesson 9. Investment Banking -- Pt. 3. Facing Twenty-first Century Challenges. Lesson 10. Audit And Control. Lesson 11. Risk Management -- App. 11a. Guide To The Preparation Of Policies And Procedures. Lesson 12. The Chief Financial Officer's Focus. James Sagner. Series Statement From Jacket. Includes Bibliographical References And Index. Machine generated contents note: PART 1 Managing Financial Activities 15 Lesson 1 Profitability 17 Lesson 2 Working Capital 33 Lesson 3 Financial Responsibilities Outside of Finance 47 Lesson 4 Outsourcing 63 PART 2 Financing the Corporation 79 Lesson 5 Access to Credit 81 Lesson 6 Noncredit Banking Services 99 Lesson 7 Strategic Planning and Capital Budgeting 114 Lesson 8 Rating Agencies 127 Lesson 9 Investment Banking 141 PART 3 Facing Twenty-first Century Challenges 157 Lesson 10 Audit and Control 159 Lesson 11 Risk Management 176 Appendix 11A Guide to the Preparation of Policies and Procedures 187 Lesson 12 The Chief Financial Officer's Focus 192. In the old, industry-based economy, financial managers concerned themselves with little more than minimizing capital costs and maximizing returns. Today's CFO, however, not only must act as a financial ambassador between the company, its board of directors, and the investment community, but also must confront radically new takes on bedrock concepts like profitability, working capital, and risk management. With his twelve simple lessons, insider James Sagner turns traditional financial thought on its head and cracks the code to the new economy in The Real World of Finance: 12 Lessons for the 2 "The spectacular corporate triumphs and tragedies of the past ten years point to one indisputable fact: the rules have changed. Financial managers who want to succeed in a complex, global economy must reconsider conventional wisdom and adopt an entirely new set of guiding principles. Challenging twelve traditional finance concepts, James Sagner delivers a compelling vision of the future of financial management in The Real World of Finance: 12 Lessons for the 21st Century."--BOOK JACKET.