The Complete CFO Handbook -- Contents -- Preface -- About the Authors -- Chapter 1: The Changing Role of the CFO: From Accounting to Accountable -- SOX Act of 2002 and the CFO -- Expanded Responsibilities of the CFO -- Our Agenda -- Part One: Funding -- Chapter 2: Capital Structure Decisions -- Agenda -- Debt versus Equity -- Concept of Leverage -- Capital Structure and Financial Leverage -- Financial Leverage and Risk -- Capital Structure and Taxes -- Capital Structure and Financial Distress -- Cost of Capital -- Agency Relationship -- Optimal Capital Structure: Theory and Practice -- A Capital Structure Prescription -- Bottom Line -- Appendix: Capital Structure Theory-The Modigliani-Miller Theory and Beyond -- Chapter 3: Types of Debt Financing -- Agenda -- General Featuers of Debt Obligations -- Term Loans -- Syndicated Bank Loans -- Notes and Bonds -- Short-Term Financing -- Off-Balance-Sheet Financing -- Bottom Line -- Chapter 4: Equity Funding -- Agenda -- Common Stock -- Preferred Stock -- Bottom Line -- Chapter 5: Structured Financing: Asset Securitization and Structured Notes -- Agenda -- Asset Securitization -- Structured Notes -- Bottom Line -- Part Two: Strategy, Taxes, and Risk Management -- Chapter 6: Strategy and Financial Planning -- Agenda -- Strategy and Value -- Financial Planning and Budgeting -- Importance of Financial Planning -- Budgeting Process -- Sales Forecasting -- Seasonal Consideration -- Budgeting -- Pro Forma Financial Statements -- Long-Term Financial Planning -- Financial Modeling -- Performance Evaluation -- Strategy and Value Creation -- Bottom Line -- Chapter 7: Basics of Corporate Taxes and Tax Risk Management -- Agenda -- Tax Management -- Tax Risk -- U.S. Tax Law and Taxation of Corporations -- State and Local Taxes -- Non-U.S. Taxes -- Bottom Line -- Chapter 8: Corporate Risk Management -- Agenda.

Risk Defined -- Enterprise Risk Management -- Managing Risks -- Risk Transfer -- Bottom Line -- Part Three: Performance Evaluation -- Chapter 9: Financial Ratio Analysis -- Agenda -- Ratios and their Classification -- Return-On-Investment Ratios -- Liquidity -- Profitability Ratios -- Activity Ratios -- Financial Leverage Ratios -- Common-Size Analysis -- Using Financial Ratio Analysis -- Illustration: Pfizer, Inc., 1990-2005 -- Bottom Line -- Chapter 10: Cash Flow Analysis -- Agenda Items -- Difficulties with Measuring Cash Flow -- Cash Flows and the Statement of Cash Flows -- Free Cash Flow -- Calculating Free Cash Flow -- Net Free Cash Flow -- Usefulness of Cash Flows in Financial Analysis -- Bottom Line -- Chapter 11: Decentralized Operations and Responsibility Accounting -- Agenda -- Organization Structures and Concepts -- Examples of Types of Organization Structure and Responsibility Reporting -- Decentralization Problems -- Responsibility Accounting -- Controllable Costs -- Costs of Service Departments -- Executive Incentive Compensation Plans and Dysfunctional Decision Making -- Bottom Line -- Chapter 12: Responsibility Center Performance Evaluation -- Agenda -- Basis for Comparison -- Cost Center Performance Evaluation -- Profit Center Performance Evaluation -- Profit Center Decision Making -- Investment Center Performance Evaluation -- Bottom line -- Appendix: Gross Profit Analysis -- Chapter 13: Transfer Pricing -- Agenda -- Transfer Pricing Methods -- Dual Transfer Pricing System -- International Transfer Pricing -- Bottom Line -- Part Four: Asset Management -- Chapter 14: Capital Budgeting and Cash Flow Analysis -- Agenda -- The Investment Problem -- Capital Budgeting -- Cash Flow From Investments -- Bottom Line -- Appendix 14.A: Expected Cash Flows From the Disposition of an Asset -- Appendix 14.B: Expansion of the Williams 5 & 10.

Chapter 15: Capital Budgeting Techniques -- Agenda -- Evaluation Techniques -- Net Present Value -- Profitability Index -- Internal Rate of Return -- Modified Internal Rate of Return -- Payback Period -- Discounted Payback Period -- Issues in Capital Budgeting -- Comparing Techniques -- Capital Budgeting Techniques in Practice -- Conflicts with Responsibility Center Performance Evaluation Measures -- Capital Budgeting and the Justification of New Technology -- Bottom Line -- Chapter 16: Capital Budgeting and Risk -- Agenda -- Project Risk -- Measurement of Project Risk -- Measuring a Project's Market Risk -- Incorporating Risk in the Capital Budgeting Decision -- Real Options -- Certainty Equivalents -- Assessment of Project risk in Practice -- Bottom Line -- Chapter 17: Leasing -- Agenda -- How Leasing Works -- Types of Equipment Leases -- Full-Payout Leases Versus Operating Leases -- Reasons for Leasing -- Types of Lessors -- Lease Brokers and Financial Advisers -- Lease Programs -- Financial Reporting of Lease Transactions by Lessees -- Leveraged Lease Fundamentals -- Federal Income Tax Requirements for True Lease Transactions -- Synthetic Leases -- Valuing a Lease: The Lease or Borrow-to-Buy Decision -- Bottom Line -- Chapter 18: Managing Short-term Assets -- Agenda -- Cash Management -- Marketable Securities -- Receiveables Management -- Inventory Management -- Bottom Line -- Part Five: Cost and Managerial Accounting -- Chapter 19: Classifying Costs -- Agenda -- Elements of a Product -- Relationship to Prodcution -- Relationship to Volume -- Ability to Trace -- Department Where Incurred -- Functional Areas -- Period Charge in Income -- Relationship to Planning, Controlling, and Decision Making -- Techniques for New Product Cost Estimation -- Bottom Line -- Chapter 20: Costing and Control of Materials, Labor, and Factory Overhead -- Agenda.

MaterIals (Stores) -- Labor -- Factory Overhead Costs -- Activity-Based Costs -- Bottom Line -- Chapter 21: Job Order and Process Costing -- Agenda -- Comparison of Job Order and Process Cost Accumulation Systems -- Job Order Costing -- OperatIon Costing -- Project Costing -- Process Costing -- Backflush Costing -- Bottom Line -- Appendix: Spoiled Units, Defective Units, Srap Material, and Waste Material in Job Order and Process Costing Systems -- Chapter 22: Joint Product and By-Product Costing -- Agenda -- Joint Products -- By-Products -- Effects of Joint Cost Allocation Upon Decision Making -- Bottom Line -- Chapter 23: Master Budget -- Agenda -- Conventional Master Budget System -- Budgeted Schedules -- Budgeted Summaries -- Bottom Line -- Chapter 24: Standard Costing -- Agenda -- Actual, Normal, and Standard Costing -- Uses of Standard Costs -- Types of Standards -- Establishment of Standards -- Just-in-Time Philosophy and Cost Accounting -- Variance Analysis -- Disposition of All Variances -- Bottom Line -- Chapter 25: Direct and Absorption Costing -- Agenda -- MeanIng of Direct Costing -- Direct Costing Versus Absorption Costing -- Advantages of Direct Costing -- Disadvantages of Direct Costing -- Adjusting Financial Statements for External Reports -- Bottom Line -- Index.