Corporate Asset Management

While covering many traditional areas of finance and accounting, this innovative, comprehensive treatment of asset management brings together for the first time in one volume vital information on profitability, risk, working capital and cash management, portfolio management, accounts receivable and inventory management, and capital budgeting. In addition, comprehensive treatment of mergers and acquisitions is provided, including an examination of the strategies underlying mergers and acquisitions, financial implications, federal taxation, and accounting standards.

"This work is a clearly written exposition of material available in introductory corporate finance textbooks.... This volume will appeal to managers or accounting professionals who are seeking the basics of corporate finance but who do not wish to work through the illustrative problems presented in textbooks. The first two thirds include the management of working capital (i.e., cash, management, accounts receivable, inventory), capital budgeting techniques (net present value, internal rate of return), and cost of capital. The last third presents an extended discussion of mergers and acquisitions that includes planning and acquisition strategies, tax considerations from the perspective of the buyer and the seller, and accounting for mergers. The book also includes excellent discussions of depreciation under the revised tax code and divestitures. [The] last third provides excellent supplementary material on mergers, depreciation, and divestitures.... For comprehensive business and professional collections."-Choice, ?This work is a clearly written exposition of material available in introductory corporate finance textbooks.... This volume will appeal to managers or accounting professionals who are seeking the basics of corporate finance but who do not wish to work through the illustrative problems presented in textbooks. The first two thirds include the management of working capital (i.e., cash, management, accounts receivable, inventory), capital budgeting techniques (net present value, internal rate of return), and cost of capital. The last third presents an extended discussion of mergers and acquisitions that includes planning and acquisition strategies, tax considerations from the perspective of the buyer and the seller, and accounting for mergers. The book also includes excellent discussions of depreciation under the revised tax code and divestitures. [The] last third provides excellent supplementary material on mergers, depreciation, and divestitures.... For comprehensive business and professional collections.?-Choice

CLARK E. CHASTAIN is Professor of Accounting at the University of Michigan-Flint.