Financial Management - (Wiley Finance) by Jack Alexander (Hardcover) (2024)

About the Book

"Financial managers are under intense pressure to "step up their game." The last several years have presented or accelerated many new challenges to business and finance. The level of uncertainty and pace of change have obsoleted many traditional practices. In addition to core material on FP&A, EPM, valuation and value drivers, capital investment decisions and developing projections, there are nine chapters of new content under the heading: Financial Leadership for the 21st century, enabling managers to survive and thrive in the post covid-19 world"--

Book Synopsis

A comprehensive and insightful approach enabling finance mangers to contribute to business performance and valuation

In Financial Management: Partner in Driving Performance and Value, experienced financial executive and consultant Jack Alexander delivers a fresh, new take on improving performance and creating shareholder value for CFOs, controllers, C-suite executives, and FP&A professionals. In the book, you'll learn about best practices in operational and strategic planning, forecasting, enterprise performance management, business valuation, capital investment, mergers and acquisitions, developing finance talent, supporting growth, and more. Frameworks for dealing with the pace of change and level of uncertainty in today's environment are also provided, including scenario planning, business agility and monitoring external forces. The book provides actionable insights and practical tools for finance professionals to contribute as trusted advisors and business partners.

The author offers free access to financial models in Microsoft Excel and PowerPoint templates on the accompanying website, as well as:

  • Expanded and enhanced content from the author's widely read previous works
  • Models, illustrations, examples, and dashboards
  • Anecdotes and stories drawn from the author's 45-year-long career in financial leadership

Perfect for CFOs, controllers, financial executives, financial planning and analysis professionals, and accounting managers, Financial Management is also the ideal desk reference for treasurers, strategic planners, Certified Public Accountants, and equity research analysts. It's an essential and timely resource for financial leaders everywhere.

From the Back Cover

PRAISE FOR
FINANCIAL MANAGEMENT

"The finance profession is at a crossroads and Jack Alexander is standing at the signposts, pointing toward a path where they can transform themselves to a value-adding partner. With the right support, technology, and mindset--the humble finance team can emerge as a powerful catalyst for performance improvements and value creation. A book that is worth its weight in gold."
--DANIELE TEDESCO, CEO, Apliqo

"I have witnessed firsthand Alexander's partnership-driven approach and framework-driven concepts enhance firm profitability, and ultimately value. This comprehensive book is a must-read, and reference for finance executives and FP&A teams."
-- WILLIAM W. BENTON, CFA, Investment Analyst, Partner, William Blair Investment Management, LLC

"An excellent resource for the finance professional aiming to add value to the business as a trusted advisor. In addition to providing the right level of depth on both core fundamentals and advanced topics, the book's emphasis on the intangibles required to effectively serve the business in the ever-changing environment of the 21st century makes this a timely and worthwhile read."
--MICHAEL ROSSI, MBA, CFO, Healthcare/Life Science

"Jack Alexander's latest insight leads us beyond the traditional drivers of business performance to an evolving 21st century environment, requiring new approaches to succeed as an effective business partner. This book delineates the potential partnership with business leaders to help achieve organizational goals, drive performance and maximize shareholder value. A must-read for financial and business leaders."
--JOE HARTNETT, CEO, Single Digits Inc.

"Financial Management is a go-to guide for CFOs to drive performance and create shareholder value. These techniques can elevate a CFO from gatekeeper to strategic partner to the CEO. The tools are based on decades of experience and sound financial principles."
-- JENNIFER BETHEL, PHD, Professor Emeritus, Past Chair of the Finance Department, Babson College

"Financial Management is an exceptional reference for all finance professionals, providing a comprehensive guide and invaluable insights from a successful career CFO and executive advisor. The companion website really sets this text apart, offering practical tools to drive growth, profitability and value and elevates finance professionals to the level of trusted business partners."
--LAURA J. GOEDKEN, CFO, SaaS and Services

About the Author

JACK ALEXANDER is a veteran Chief Financial Officer, financial management consultant, author, and lecturer. He advises businesses on strategic planning, value creation, mergers and acquisitions, financial planning and analysis, and more. He is a frequent keynote speaker on business performance management and financial leadership.

Financial Management - (Wiley Finance) by  Jack Alexander (Hardcover) (2024)

FAQs

What are the 4 types of financial management explain? ›

Most financial management plans will break them down into four elements commonly recognised in financial management. These four elements are planning, controlling, organising & directing, and decision making. With a structure and plan that follows this, a business may find that it isn't as overwhelming as it seems.

How long does it take to become a financial manager? ›

How to Become a Financial Manager. Financial managers typically need a bachelor's degree and 5 years or more of experience in another business or financial occupation, such as accountant, securities sales agent, or financial analyst.

What does financial management include? ›

Financial management is all about monitoring, controlling, protecting, and reporting on a company's financial resources. Companies have accountants or finance teams responsible for managing their finances, including all bank transactions, loans, debts, investments, and other sources of funding.

What is the job outlook for financial managers? ›

The Bureau of Labor Statistics projects 16.0% employment growth for financial managers between 2022 and 2032. In that period, an estimated 126,600 jobs should open up. Financial managers oversee the finances of major companies, agencies and other organizations.

What are the 4 C's of financial management? ›

As owners of FP&A processes, today's accounting teams must be well-versed in the four C's of financial planning: context, collaboration, continuity, and communication. Today, financial planning and budgeting are more important than ever.

What are the five A's of financial management? ›

What are the five A's of financial management? The five A's of financial management are assessment, analysis, allocation, adjustment, and accountability.

Do financial managers make a lot of money? ›

Financial managers enjoy an excellent income. According to the Bureau of Labor Statistics (BLS), financial managers earn a median annual salary of $134,180. But that's not the complete story. Top-earning financial managers make more than $200,000 per year.

How long does it take to become a finance? ›

A bachelor's degree in finance is usually the most common requirement to pursue a career in finance. This degree takes four years to complete and prepares you with the basic fundamentals you will need as a finance professional.

How does a financial manager make money? ›

Client Fees

A management fee for investment management services is frequently a percentage of the assets they're managing on your behalf. So if a financial advisor is managing $1 million worth of investments for you, and they charge a 1.5% management fee, you'd pay $15,000 on the year.

What is the main goal of financial management? ›

Typically, the primary goal of financial management is profit maximization. Profit maximization is the process of assessing and utilizing available resources to their fullest potential to maximize profits. This has the greatest benefit for company shareholders hoping for the highest possible return on their investment.

What is the main purpose of financial management? ›

Objectives of Financial Management

Maximizing profits: Provide insights on, for example, rising costs of raw materials that might trigger an increase in the cost of goods sold. Tracking liquidity and cash flow: Ensure the company has enough money on hand to meet its obligations.

What is the difference between finance and financial management? ›

Finance involves managing the firm's money. The financial manager must decide how much money is needed and when, how best to use the available funds, and how to get the required financing. The financial manager's responsibilities include financial planning, investing (spending money), and financing (raising money).

What is the lowest salary for a financial manager? ›

While ZipRecruiter is seeing salaries as high as $166,788 and as low as $41,450, the majority of Financial Manager salaries currently range between $93,300 (25th percentile) to $165,800 (75th percentile) with top earners (90th percentile) making $165,800 annually in California.

Is there a shortage of financial managers? ›

An Industry in Crisis

According to a recent article from GoingConcern, a resource for accountants, 95% of hiring managers in finance and accounting face difficulty locating skilled talent available for hire.

How many hours does a financial manager work a day? ›

Nature of the Work for Financial Managers

Because they are working close to the top managers and other departments to develop the financial data, they will often have access to state of the art computers and software programs. Many work in comfortable offices for long hours, between 50 or 60 per week.

What are the 4 main functions of finance? ›

Finance functions cover Investment (allocating funds to assets for growth), Dividend (deciding on profit distribution to shareholders), Financing (raising capital through equity or debt), and Liquidity (ensuring sufficient cash flow for operations).

What are the 4 main categories of financial institutions and their main purpose? ›

The most common types of financial institutions include banks, credit unions, insurance companies, and investment companies. These entities offer various products and services for individual and commercial clients, such as deposits, loans, investments, and currency exchange.

What are the four 4 functions of the financial system? ›

The five key functions of a financial system are: (i) producing information ex ante about possible investments and allocate capital; (ii) monitoring investments and exerting corporate governance after providing finance; (iii) facilitating the trading, diversification, and management of risk; (iv) mobilizing and pooling ...

What are the big 4 financial analysis? ›

The Big Four are the four largest global accounting firms—Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG), as measured by revenue.

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