Financial Steering : Valuation, KPI Management and the Interaction with IFRS / by Martin Schwarzbichler, Christian Steiner, Daniel Turnheim.
2018
HG4001-HG4285
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Details
Title
Financial Steering : Valuation, KPI Management and the Interaction with IFRS / by Martin Schwarzbichler, Christian Steiner, Daniel Turnheim.
ISBN
9783319757629
3319757628
9783319757612
3319757628
9783319757612
Published
Cham : Springer International Publishing : Imprint: Springer, 2018.
Language
English
Description
1 online resource (xxvii, 480 pages) : illustrations.
Item Number
10.1007/978-3-319-75762-9 doi
Call Number
HG4001-HG4285
Dewey Decimal Classification
657.30218
Summary
This book is a guide to how financial steering is designed, measured and implemented with a special focus on the energy industry. The authors offer an overview of and practical insights into the links between financial steering and accounting, and the temporary cycles of investment, divestment, return and loss, market highs and lows that form the framework of the entire energy industry across all value chain stages. The faster and the larger the cash cycles of investments and their returns, the greater not only the value created, but also the potential loss if the financial steering is not properly designed and managed. Value and value generation require an understanding of how value is both defined and measured in both and how the business/project economics model of a company works – financial steering provides this. Further, the book also discusses accounting topics such as impairments, new IFRS standards and the impact of accounting on key performance indicators of financial steering, which are associated with these investment decision valuations. The combination of accounting with the cash flow perspective provides a complete understanding of selected practical topics of financial steering which are explained in detail in a large number of examples and case studies. The book is intended for a wide range of finance/controlling/treasury/accounting professionals and students. It is written in practical and simple terms to outline the financial steering concept and to bring it to life in daily work and in the decision making process for financial steering. All illustrated concepts are in the same manner relevant and applicable to all other asset-intense industry sectors and their financial steering processes.
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Access limited to authorized users.
Digital File Characteristics
text file PDF
Added Author
Steiner, Christian. author.
Turnheim, Daniel. author.
Turnheim, Daniel. author.
Available in Other Form
Print version: 9783319757612
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Table of Contents
1. Introduction
2. Value Management for the Energy Industry: Financial KPI’s & Ambition Level
3. WACCs & Hurdle Rate
4. Single Investment Decision
5. Valuation
6. Economic Portfolio Decisions
7. Acquisitions – Impact on Consolidated Financial Statement
8. Impairment of Assets (Fixed Assets and Goodwill)
9. Divestments
10. New IFRS Standards
11. Fair Value Measurement
Appendices
Index.
2. Value Management for the Energy Industry: Financial KPI’s & Ambition Level
3. WACCs & Hurdle Rate
4. Single Investment Decision
5. Valuation
6. Economic Portfolio Decisions
7. Acquisitions – Impact on Consolidated Financial Statement
8. Impairment of Assets (Fixed Assets and Goodwill)
9. Divestments
10. New IFRS Standards
11. Fair Value Measurement
Appendices
Index.