IT Financial Management - Jan van Bon, Maxime Sottini - ebook

In 2005 all publicly-listed European firms will be obliged to present their financial results using the 'fair value method'. Traditional accounting practices will be replaced by a new methodology in which market values play a prominent role. It is expected that the importance of market values will continue to increase even further in the more distant future. Firms, investors, analysts and other interested parties think much more in terms of (expected) cash flows and risks now. Traditional profit-based thinking is slowly but gradually replaced by this new approach in which the combined analysis of expected cash flows and risk translates into the 'value' of the firm (or an individual investment project). The increased uncertainty levels in the financial world have led to a substantial change in financial management practice. Financial managers take decisions that have a direct impact on the firm's expected future cash flows and/or the risk levels associated with these cash flows.

• Comprehensive method, including a workbook and an answer book; • well suited for self-study due to the structural framework of the book and the additional online study materials; • written from an international perspective. For over 27 years now, The Basics of Financial Management has been an authoritative book on the fundamentals of financial management. The first few chapters form an introduction to the key economic concepts. The remaining chapters delve deeper into the fields of financing, management accounting and financial accounting. Together with the additional workbook and answer book The Basics of Financial Management constitutes a comprehensive method. Students can work with the books independently. There is also a Dutch edition of this book . In this renewed sixth edition of The Basics of Financial Management the subject matter is placed in an international perspective. To increase user friendliness, the authors have streamlined the language in this sixth edition and have