Finance and Accounting for NonFinancial Managers and Intellectual Property in New Technological Age

Finance and Accounting for NonFinancial Managers

Author: Steven A Finkler

For all entrepreneurs and nonfinancial professionals with budget and/or P&L responsibilities, this indispensable guide provides the basics necessary to make a solid contribution to the financial goals and success of their companies. This comprehensive and easy-to-read primer gives all entrepreneurs and managers in nonfinancial areas -- sales, marketing, production, and more -- a complete understanding of financial terms, statements, and ratios and how they affect the operations of a business or corporation.

Table of Contents:

< TD WIDTH="20%">

	Preface	xiii
	List of Excel Templates	xvii
Part 1	Introduction
1	An Introduction to Financial Management	3
	What Is Financial Management?	3
	The Goals of Financial Management	4
	Key Concepts	10
2	A Primer on Taxes	13
	How Much Do You Need to Know?	13
	Personal vs. Corporate Taxes	14
	The Tax Rate and the Tax Base	17
	Progressive, Proportional, and Regressive Tax Rates	18
	Marginal, Average, and Effective Tax Rates	19
	Calculating Federal Income Tax	23
	Other Concerns for Corporations	24
	Conclusion	25
	Key Concepts	26
Part 2	The Framework of Accounting
3	Accounting Concepts	29
	Basics	29
	Assets	31
	Liabilities	32
	Owners' Equity	32
	The Accounting Equation	33
	Key Concepts	33
4	An Introduction to the Key Financial Statements	35
	The Balance Sheet	35
	The Income Statement	38
	The Statement of Cash Flows	40
	Notes to Financial Statements	40
	Key Concepts	41
5	The Role of the Outside Auditor	43
	Generally Accepted Accounting Principles (GAAP)	44
	The Audit	50
	Audit Failures	56
	Key Concepts	57
6	Valuation of Assets and Equities	59
	Asset Valuation	59
	Valuation of Liabilities	65
	Valuation of Stockholders' Equity	67
	Key Concepts	68
7	Recording Financial Information	71
	Double Entry and the Accounting Equation	71
	Debits and Credits: The Accountant's Secret	73
	Recording the Financial Events	76
	T-Accounts	86
	Chart of Accounts	88
	Key Concepts	89
8	Reporting Financial Information	91
	Ledgers	91
	Executive Corporation's Financial Statements	93
	Looking Ahead	104
	Key Concepts	105
Part 3	Financial Decisions
9	Business Plans	109
	Why Develop a Business Plan?	109
	Questions that Drive a Business Plan	110
	The Planning Process	111
	The Elements of a Business Plan	111
	Implementation/Operating Plan	121
	Key Concepts	124
10	Capital Structure--Long-Term Debt and Equity Financing	125
	Common Stock	125
	Debt	126
	Preferred Stock< /TD>	127
	Cost of Capital	127
	Other Elements of Capital Structure	128
	Dividends	129
	Getting Capital	131
	Key Concepts	134
11	Leverage	135
	Financial Leverage	136
	Operating Leverage	138
	Key Concepts	142
12	Stra tegic Planning and Budgeting	145
	Strategic Plan	145
	Long-Range Plan	146
	Definition and Role of Budgets	147
	The Master Budget	148
	Budget Preparation	150
	The Cash Budget	156
	Zero-Based Budgeting	158
	Variance Analysis: Using Budgets for Control	159
	Key Concepts	165
13	Investment Analysis	167
	Investment Opportunities	168
	Data Generation	168
	The Payback Method	169
	The Time Value of Money	171
	The Net Present Value (NPV) Method	175
	The Internal Rate of Return Method (IRR)	178
	Project Ranking	180
	Summary	180
	Key Concepts	181
14	Lease or Buy? a Taxing Question	183
	Accounting Issues	183
	Management Considerations for Leasing	185
	Tax Considerations for Leasing	186
	Key Concepts	187
15	Depreciation: Having Your Cake and Eating it Too!	189
	Amortization	190
	Asset Valuation for Depreciation	190
	Straight-Line vs. Accelerated Depreciation	193
	Comparison of the Depreciation Methods	194
	Modified Accelerated Cost Recovery System (MACRS)	197
	Depreciation and Deferred Taxes: Accounting Magic	201
	Key Concepts	202
16	Working Capital Management and Banking Relationships	203
	Working Capital Management	203
	Short-Term Resources	204
	Short-Term Obligations	214
	Banking Relationships	220
	Key Concepts	223
17	Inventory Costing: The Accountant's World of Make-Believe	225
	The Inventory Equation	225
	Periodic vs. Perpetual Inventory Methods	226
	The Problem of Inflation	228
	Cost-Flow Assumptions	229
	Comparison of the LIFO and FIFO Cost-Flow Assumptions	231< /TD>
	Key Concepts	235
18	Cost Accounting	237
	Cost vs. Expense: The Inventory Process	237
	Period Costs vs. Product Costs	241
	Cost Systems: Process, Job-Order, and Standard Costs	242
	Activity-Based Costing (ABC)	244
	Average vs. Marginal Costs	246
	Key Concepts	248
19	Accountability and Internal Control	251
	Management Control Systems	251
	Measures of Performance	254
	Safeguarding Resources	254
	Legal Considerations	260
	Key Concepts	260
Part 4	Financial Statement Analysis
20	A Closer Look at Financial Statements	263
	The Balance Sheet	264
	The Income Statement	269
	The Statement of Cash Flows	272
	The Notes to the Financial Statements	276
	Key Concepts	277
21	Notes to the Financial Statements	279
	Significant Accounting Policies	279
	Other Notes	281
	Summary	284
	Key Concepts	285
22	Ratio Analysis	287
	Ben chmarks for Comparison	290
	Common Size Ratios	292
	Liquidity Ratios	296
	Efficiency Ratios	298
	Solvency Ratios	301
	Profitability Ratios	303
	Key Concepts	308
Part 5	Getting Your Own Finances in Order
23	Personal Finance	313
	The Basics	313
Emergency Reserves	314
	The Primary Reasons for Accumulating Wealth	314
	Controlling Your Debts	315
	Controlling Your Taxes	317
	Retirement Plans	319
	Investing	324
	Tax Shelters	334
	Insurance	335
	Estate Planning	341
	Key Concepts	341
24	Summary and Conclusion	343
	Glossary	345
	Annotated List of Web Sites Related to Finance and Accounting	361
	Index	371

Interesting book: Why Popcorn Costs so Much at the Movies and Business and Society

Intellectual Property in New Technological Age

Author: Robert P Merges

In its first edition, this casebook brought a new level of cohesion to the teaching of intellectual property by uniting the often fragmented coverage of the field in one carefully structured book. Now, after years of successful course use, the expert authors refine their presentation to make INTELLECTUAL PROPERTY IN THE NEW TECHNOLOGICAL AGE, Second Edition, exceptionally teachable as well as totally up—to—date.

The casebook covers the full range of legal protections for intellectual property including:

—trade secret protection

—patent law

—copyright law

—trademarks/trade dress

—state and federal IP protections

—protections for computer software

—a valuable overview of antitrust law that is not usually available in most IP casebooks

—a distinct examination of biotechnology and computer science

Distinctive features that help the authors successfully convey so much inf ormation include:

—a unique introduction to the philosophical and theoretical framework of intellectual property that sets the stage for the rest of the book

—historical background and a contemporary overview in every chapter

—practice problems that give students experience working with today's hottest issues

—cases and materials illustrate each subject

—a Teacher's Manual helps you adapt the book's modular structure to suit your course needs and provides solutions to all the problems in the book

—a Statutory and Case Supplement that includes an introduction to biotechnology, as well as the latest legal developments

\x09

When you examine INTELLECTUALPROPERTY IN THE NEW TECHNOLOGICAL AGE, Second Edition, you'll find much that is new or improved:

—exceptionally clear coverage of biotechnology throughout the book

—the chapter on protection of computer software integrates the various fiel ds of IP law into one cohesive examination

—new Supreme Court cases, including Warner Jenkinson v. Hilton Davis

—significant lower court cases and major new statutes, such as the Economic Espionage Act, the Digital Millennium Copyright Act, and the Sonny Bono Copyright Term Extension Act

—extensively revised chapter on copyright now offers stronger cases, such as Steinberg v. Columbia Pictures and Quality King v. L'Anza Research

—reorganized chapter on trademark responds to user feedback

—supporting web site for updates and useful links is now in development

If you want your students to be prepared for IP practice in the new millennium, you'll need the casebook that zeroes in on current issues and arms future lawyers for upcoming challenges, INTELLECTUAL PROPERTY IN THE NEW TECHNOLOGICAL AGE, Second Edition.

Table of Contents:

Table of Contents

Preface

Acknowledgments

1: Introduction

A. Philosophical Perspectives

B. Overview of Intellectual Property

2: Trade Secret Protection

A. Introduction

B. Subject Matter

C. Misappropriation of Trade Secrets

D. Agreements to Keep Secrets

E. Remedies

3: Patent Law

A. Introduction

B. The Elements of Patentability

C. Infringement

D. Defenses

E. International Patent Law

F. Remedies

G. Design and Plant Patents

4: Copyright Law

A. Introduction

B. Requirements

C. Copyrightable Subject Matter

D. Ownership and Duration

E. Rights of Copyright Owners

F. Defenses

G. International Issues in Copyright

H. Remedies

5: Trademarks and Trade Dress

A. Introduction

B. What Can Be Protected as a Trademark?

C. Establishment and Extension of Trademark Rights

D. Infringement

E. Defenses

F. Remedies

6: State Intellectual Property Law a nd Federal Preemption

A. State Intellectual Property Law

B. Federal Preemption

7: Protection of Computer Software

A. The Economics of Computer Markets

B. Trade Secret Protection

C. Copyright Law

D. Patent Protection

E. Trademark and Trade Dress

F. Sui Generis Protection of Computer Technology

8: Intellectual Property and Competition Policy

A. Principles of Antitrust Law

B. Monopolization

C. Agreements to Restrain Trade

D. Mergers and Acquisitions

Table of Cases

Table of Statutes and Regulations