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Business models are a vital tool for business strategy and decision making. Used well, they enable companies to experiment with different tactics and scenarios in a safe, low-risk environment, to assess aims and opportunities, and to prioritize accordingly. With financial modelling, more abstract business models can be built into evaluation tools, translating ideas and scenarios into numbers ready for analysis. Accompanied by a range of online templates, Business and Financial Models provides a practical and accessible introduction to these essential skills and practices, with guidance on: ? projections and scenarios ? visual thinking techniques ? modelling with Microsoft Excel ? building a business model ? budgets and balance sheets ? cash flow ? investment appraisal models ? business valuation ? modelling projects ? performance indicators ? sustainability Templates to download, adapt and use in your own business are available from: www.koganpage. com/strategicsuccess Contents: Chapter 1: Stages in the development of a business and financial model ? Scope ? The fundamental question ? A step-by-step approach ? Skills required ? Planning the model ? Data quality ? Tools ? Summary Chapter 2: Developing the research question and output definition ? The basic question ? Output definitions, examples, financial outputs ? Summary Chapter 3: Visual thinking to develop fundamental questions ? Contributed by John Caswell and Sarah Gall ? Challenging the traditional business model ? New methods and approaches - a business model reflecting the world as it is today ? Structured Visual Thinking (a trademark of Group Partners): principles for a dynamic world ? An architectural approach to building a future ? 4DTM approach ? Summary Chapter 4: Input definition ? Basics of input definition ? Important variables ? Summary Chapter 5: Scenario identification ? Determining scenarios ? Populating the spreadsheet with input values and formulae ? Running different scenarios ? Using Excel Scenario Manager for what-if analysis ? Scenarios versus projections ? Summary Chapter 6: Building a simple model ? Process ? Example ? Data extraction using Excel pivot tables ? Some reminders of best practice ? Reasons for failure of a model and how to avoid them ? Summary Chapter 7: Using charts ? Excel charts ? Using charts to help concentrate on the most important variables in an organization ? Charts for break-even analysis ? Chart tools ? Presenting data and charts to communicate clearly ? Using Excel pivot charts to show extracted data ? Summary Chapter 8: Modelling budgets ? Planning and budgeting ? Departmental budgets and variance analysis ? Some key departmental budgets ? Capital budgets ? Summary Chapter 9: Sales budgets ? Sales budgets and forecasts are key to other budgets ? Elements of a sales budget ? Volume assumptions ? Summary Chapter 10: Production- material, labour and direct overhead budgets ? Production budget ? Direct materials budget ? Direct labour budget ? Direct overhead budget ? Gross margin and profit budget ? Margin and profit sensitivity ? Departmental budget spreadsheet ? Summary Chapter 11: Fixed assets and depreciation ? Accounting depreciation, straight line and reducing balance ? Additions and disposals of assets ? Tax depreciation (capital allowances in the UK) ? Summary Chapter 12: Managing and modelling cash flow and working capital ? The cash flow cycle ? Working capital ratio ? Optimal stock levels ? Debtors ? Cash models ? Cash budget ? Summary Chapter 13: Investment appraisal models ? Relevant cash flow ? Pay-back period ? Return on capital ? Accounting rate of return (ARR) ? Discounted cash flow and net present value/internal rate of return ? Capital rationing ? Summary Chapter 14: The cost of capital ? The average and the marginal costs of capital ? Balancing Printed Pages: 296. Buchnummer des Verkäufers 74504
Titel: Business and Financial Models
Verlag: Kogan Page Limited/Viva Books
Auflage: First edition.
Buchbeschreibung Kogan Page Apr 2013, 2013. Taschenbuch. Buchzustand: Neu. 216x140x16 mm. Neuware - A good business model should describe how an organization creates and delivers value, meaning that financial modelling is a vital tool for business strategy, allowing hypotheses and scenarios to be translated into numbers. It enables a company to experiment with different ideas and scenarios in a safe, low-risk environment, to consider what it is aiming to achieve, and to prioritize accordingly. Business and Financial Models provides an accessible introduction to these essential strategic practices, with guidance on using Microsoft Excel for projection and analysis. The book takes you through the process of building your model from the initial phase of formulating questions through modelling cash flow, budgets, investment appraisal and 'dashboard' tools for monitoring performance. Ideal for both small and large companies, Business and Financial Models also includes coverage of new visual thinking techniques, like Structured Visual Thinking, and how these can be incorporated into conventional business modelling. Online supporting resources for this book include downloadable figures from the book. 298 pp. Englisch. Artikel-Nr. 9780749468101