Financial management

Englische Übersetzung des Buches Strategische Finanzpolitik, Versus Verlag, Zürich. A healthy financial basis is the foremost responsibility of financial management. This requires sound financial competence at all levels of management. This book provides valuable guidance in fulfilling this duty. Efficiently-managed accounting is the basis for using the full creative potential and for the implementation of strategic financial planning within a company, and avoids the single minded pursuit of figures. Shareholder value is obviously important, but must not be allowed to overshadow ethical and environmental concerns. A corporate culture run on these guidelines will be able to compete successfully in the global markets of tomorrow. Table of Contents Financial Policy as a Value Driver The Two Dimensions of Financial Management Cash is King - Discounted Cash Flow as Key Concept of Value Creation Financial Controlling and Risk Management Value-Based Management, Return on Capital and Shareholder Value Investments, Acquisitions and Group Policy Capital Structure, Dividend Policy and Investor Relations Conclusions for the Board of Directors and the Executive Committee Quality Checklist The Author Rudolf Volkart is well-known for his activities in the field of finance, banking and tax management and for his work in both university as well as executive and professional education. He is professor of Corporate Finance at the University of Zurich and Director of the Swiss Banking Institute. The Artist The cartoonist Nico is a familiar name to all regular newspaper readers and lovers of subtle and satirical humour. His cartoons appear regularly in the Zurich daily Tages-Anzeiger.