CFO Fundamentals

The thorough reference that goes wherever you go

The Complete CFO Reference is the perfect up-to-date
reference tool for today's busy CFO, controller, treasurer, and
other finance professionals. Written in an easy format and packed
with checklists, samples, and worked-out solutions for a wide
variety of accounting and finance problems, readers can take this
handy reference wherever they go-on a business trip, visiting a
client, conducting a conference call, or attending a meeting.

• Covers all major developments in finance and accounting every
  CFO needs to know about including IFRS, Web-based planning, and
  ranging from financial reporting and internal control to financial
  decision making for shareholder value maximization

• Includes tables, forms, checklists, questionnaires, practical
  tips, and sample reports

• Incorporates Accounting Standards Codification (ASC) throughout
  the book, as well as coverage of International Financial Reporting
  Standards (IFRS) and its impact on financial reporting, XBRL
  reporting, risk management and disaster recovery, Web-based
  planning and budgeting, Web 2.0, cloud computing, and environmental
  costing

Simplifying day-to-day work in dozens of critical areas, The
Complete CFO Reference is the perfect up-to-date reference tool
for today's busy chief financial officer (CFO), controller,
treasurer, financial director, budgeting director, and other
financial professionals in public practice and private
industry.

Autorentext

JAE K. SHIM, PHD, has authored or coauthored more than fifty professional and college accounting books. He is CEO of Delta Consulting Co., a financial consulting and training firm, and has been a consultant to commercial and nonprofit organizations for over thirty years. JOEL G. SIEGEL, PHD, CPA, is the author of over fifty books and has written hundreds of articles for accounting and financial journals. Dr. Siegel has acted as consultant in accounting issues to many organizations, including IT&T, Citicorp, and Person-Wolinsky CPA Review. ALLISON I. SHIM, MS, is CFO of Delta Consulting Co. She is a finance expert and a PhD candidate at the University of California, Irvine.

Zusammenfassung
The thorough reference that goes wherever you go The Complete CFO Reference is the perfect up-to-date reference tool for today's busy CFO, controller, treasurer, and other finance professionals. Written in an easy format and packed with checklists, samples, and worked-out solutions for a wide variety of accounting and finance problems, readers can take this handy reference wherever they go-on a business trip, visiting a client, conducting a conference call, or attending a meeting.

• Covers all major developments in finance and accounting every CFO needs to know about including IFRS, Web-based planning, and ranging from financial reporting and internal control to financial decision making for shareholder value maximization
• Includes tables, forms, checklists, questionnaires, practical tips, and sample reports
• Incorporates Accounting Standards Codification (ASC) throughout the book, as well as coverage of International Financial Reporting Standards (IFRS) and its impact on financial reporting, XBRL reporting, risk management and disaster recovery, Web-based planning and budgeting, Web 2.0, cloud computing, and environmental costing
  Simplifying day-to-day work in dozens of critical areas, The Complete CFO Reference is the perfect up-to-date reference tool for today's busy chief financial officer (CFO), controller, treasurer, financial director, budgeting director, and other financial professionals in public practice and private industry.

Inhalt

What This Book Will Do for You xv

PART ONE: REPORTS AND FILINGS

1: Chief Financial Offi cer's Role and Reports 3

Role of the Chief Financial Offi cer 3

Governmental Reporting 12

Reporting under the Sarbanes-Oxley Act 12

XBRL Reporting 13

Other Reporting 14

2: Securities and Exchange Commission Filings 15

SEC Rules 15

S Forms 16

SEC Regulations 17

SOX Reporting Requirements 19

PART TWO: FINANCIAL REPORTING

3: Financial Statement Reporting: The Income Statement 27

How Is the Income Statement Presented? 27

Revenue Recognition 30

Construction Contracts 31

Expense Recognition 37

4: Financial Statement Reporting: The Balance Sheet 45

Assets 45

Accounts Receivable 46

Inventory 49

Fixed Assets 54

Disclosure 62

Liabilities 65

Accounting for Compensated Absences 72

Environmental Obligations 74

Exit or Disposal Activities 75Fair Value Measurements 76

Fair Value Option for Financial Assets and Financial Liabilities 78

Statement of Cash Flows 80

Available-for-Sale and Held-to-Maturity Securities 82

5: Statement of Cash Flows 95

Classifi cations of Cash Flow 95

Analysis of the Statement of Cash Flows 100

6: Accounting and Disclosures 107

Accounting Changes 107

Futures Contracts 119

Various Disclosures 122

7: Key Financial Accounting Areas 125

Consolidation 125

Investments in Stocks and Bonds 127

Leases 138

Pension Plans 147

Postretirement Benefi ts Excluding Pensions 158

Income Tax Allocation 161

Deferred Tax Liability versus Deferred Tax Asset 164

Tax Rates 167

Foreign Currency Accounting 169

Translation of Foreign Currency Statements When the Foreign Currency Is the Functional Currency 172

International Financial Reporting Standards 177

8: Interim and Segmental Reporting 185

Interim Reporting 185

Segmental Reporting 188

PART THREE: COST MANAGEMENT AND IT SYSTEMS

9: Cost Management and Analysis 197

What Is Cost Management and Analysis? 197

Strategic Cost Management 198

Overhead Costing 199

Activity-Based Costing 205

Activity-Based Management 210

Target Costing and Pricing 214

10: Cost-Volume-Profi t Analysis and Leverage 219

Cost-Volume-Profi t Analysis 219

What-If Analysis 223Sales-Mix Analysis 225

CVP Analysis for Nonprofit Organizations 227

Leverage 228

11: Short-Term Decisions 233

Relevant Costs 233

Best Use of Scarce Resources 241

Theory of Constraints 242

12: Financial Forecasting, Planning, and Budgeting 245

Financial Forecasting: The Percent-of-Sales Method 245

Budgeting 247

Some Financial Calculations 257

Budgeting Software 257

Using an Electronic Spreadsheet to Develop a Budget Plan 257

Latest Generation of Budgeting and Planning Software and E-Budgeting 259

13: Risk Management 261

Enterprise Risk Management 261

An Approach to Risk Management 263

A Close Look at Risk Management 264

How to Reduce Investment Risk: Diversify 267

BetaThe Capital Asset Pricing Model 271

Arbitrage Pricing Model 272

14: Capital Budgeting and Real Options 275

Time Value Fundamentals 276

Popular Evaluation Techniques 280

Limited Funds for Capital Spending 286 Real Op...