Entrepreneurial Finance 1st Edition

Tài chính doanh nghiệp Trước đây được xuất bản bởi Chicago Business Press, hiện được xuất bản bởi Sage Entrepreneurial Finance cung cấp một cái nhìn tổng quan toàn diện về các khái niệm chính liên quan đến tài chính doanh nghiệp, tập trung vào các ứng dụng thực tế trong môi trường thực tế. Tác giả Denise Lee làm cho các khái niệm tài chính trở nên dễ hiểu đối với sinh viên, trang bị cho họ kiến ​​thức và kỹ năng cần thiết để quản lý tài chính hiệu quả trong hoạt động kinh doanh và thành công với tư cách là doanh nhân.

Preface Chapter 1 Proper Preparation and the Nascent Entrepreneur Timing Preparation Feasibility Analysis The Business Plan Personal Financial Preparation If You Must Rely on Debt Your Credit Score Your Credit Report The Secured Credit Card Separation of the Entrepreneur from the Business How to Properly Sign a Business Document The Personal Guarantee The Top 10 Legal and Financial Mistakes Entrepreneurs Make The Circular Nature of Entrepreneurship Summary Key Terms Review and Discussion Questions Exercises Endnotes Chapter 2 Sources of Funding Common Sources of Funding Angel Investors Venture Capital Community Development Financial Institutions Crowdfunding Debt Grants Sources of Funding for Small Businesses vs. Entrepreneurial Ventures Regulatory Considerations Regulation D Regulation A and Regulation A+ Regulation D vs. Regulation A vs. Initial Public Offering Summary Key Terms Review and Discussion Questions Exercises Endnotes Chapter 3 Legal Forms of Business, Taxation, and Business Owner Compensation Legal Forms of Business Organization Sole Proprietorship Partnership Corporation Limited Liability Company Franchise Nonprofit Types of Business Owner Compensation Federal, State, and Local Corporate Income Taxes Payroll Taxes Federal Inpidual Income Taxes State and Local Inpidual Income Taxes Social Security and Medicare Federal and State Unemployment Workers’ Compensation A Complicating Factor: State and Local Government Tax Incentives for Businesses The Tax Consequences of Business Ownership and Business Owner Compensation The Tax Consequences of Business Owner Compensation via Salary The Tax Consequences of Business Owner Compensation via Dividend The Tax Consequences of Business Owner Compensation via Capital Gain The Tax Consequences of Business Owner Compensation via Distribution Legal Form of Business and Business Owner Compensation—Making the Decision Summary Key Terms Review and Discussion Questions Exercises Endnotes Chapter 4 Financial Statements Financial Statements Accounting Information Systems The Income Statement Cost of Sales, Cost of Revenue, and Cost of Services The Balance Sheet and the Basic Accounting Equation S Corporations—a Truly Hybrid Legal Form Understanding Owner’s Equity and Retained Earnings The Statement of Cash Flows Financial Statements—a Few Words of Caution Summary Key Terms Review and Discussion Questions Exercises Chapter 5 Traditional Financial Statement Analysis and Breakeven Analysis Financial Statement Analysis Vertical and Horizontal Analysis of an Income Statement Vertical and Horizontal Analysis of a Balance Sheet Ratio Analysis Liquidity Ratios Activity Ratios Leverage Ratios Profitability Ratios Vertical, Horizontal, and Ratio Analysis—Resources and Best Practices Breakeven Analysis Summary Key Terms Review and Discussion Questions Exercises Chapter 6 Pro Forma Financial Statements  Pro Forma Financial Statements The Schedule of Start-up Costs and Industry Research The Pro Forma Pre-Revenue Balance Sheet and the Pro Forma Start-up Phase Expense Statement, Including Reconciliations of Cash and Equity The First Pro Forma Income Statement and Market Research The First Pro Forma Post-Revenue Balance Sheet Year 2 and Subsequent Year Pro Forma Income Statements Pro Forma Financial Statements and Potential Investors and Lenders Pro Forma Balance Sheets for Year 2 and Subsequent Years and Pro Forma Statements of Cash Flows Breakeven Analysis—Feasibility of a Proposed New Business Pro Forma Financial Statements for Alternative Types of Entities A Word of Caution Regarding Pro Forma Financial Statements Summary Key Terms Review and Discussion Questions Exercises Appendix 6-A: Example Pro Forma Financial Statements for a Service-Based Business, Including the Treatment of Accounts Receivable, Debt, and New Equity Investment Appendix 6-B: Example Pro Forma Financial Statements for a C Corporation Smartphone Application Business, Including the Treatment of Debt, Initial Net Losses, New Equity Investment, and Dividends Chapter 7 Pro Forma Balance Sheets for Year 2 and Subsequent Years and Pro Forma Statements of Cash Flows The Percentage of Sales Method Creating a Pro Forma Balance Sheet Using the Percentage of Sales Method The Statement of Cash Flows Creating a Pro Forma Statement of Cash Flows from a Pro Forma Reconciliation of Cash Creating Pro Forma Balance Sheets and Pro Forma Statements of Cash Flows for Years 3, 4, and 5 Making Adjustments to Plans Based on a New Venture’s Completed Pro Forma Financial Statements Summary Key Term Review and Discussion Questions Exercises Chapter 8 Working Capital Management, Bootstrapping, and Controls over Assets Working Capital Management Cash Management Start-up Phase Turning the Corner to Positive Cash Flow Everyday Operations Accounts Receivable Management Inventory Management Economic Order Quantity Reorder Point Current Liabilities Management Accounts Payable Management Trade Discount Cash Discount Quantity Discount Cumulative Purchase Discount Accrued Liabilities Management Management of Short-Term Debt Bootstrapping as a Source of Cash Effective Controls over Business Assets Summary Key Terms Review and Discussion Questions Exercises Chapter 9 Time Value of Money Time Value of Money Simple Interest Compound Interest Compound Interest and Future Value Effective Annual Interest Rate Future Value of a Lump Sum Present Value of a Lump Sum Present Value of a Stream of Unequal Payments Future Value of a Stream of Unequal Payments Annuities Future Value of an Ordinary Annuity Present Value of an Ordinary Annuity Combining Lump Sums and Annuities Summary Key Terms Review and Discussion Questions Exercises Appendix 9-A: Present Value and Future Value Tables Chapter 10 Capital Budgeting Taxes, Interest, and Time Capital Budgeting Determination of Capital Budgeting Analysis Data Expected Annual After-Tax Benefit Payback Method Net Present Value Making a Decision Using NPV Internal Rate of Return Income Tax Rate for an Entity Not Taxed as a C Corporation Treatment of an Expected Decrease in Net Income Before Income Taxes Calculating NPV Using Present Value of an Ordinary Annuity Lowest Total Cost Summary Key Terms Review and Discussion Questions Exercises Chapter 11 Cash Harvest, Business Valuation, and Business Exit Non-Business-Exit Cash Harvest Options Business Succession Planning Business-Exit Cash Harvest Options Exiting: Positioning a Company for Sale and Selling a Business Do the Proper Research before Starting a Company Consider Building a Business Designed to Attract Specific Buyers Clarify What’s Being Sold Properly Prepare the Business for Sale Consider What Professional Help May Be Needed to Sell the Business Determine What the Business Is Worth Think Ahead to the Post-Sale Transition Put the Company on the Market at the Right Time and for the Right Reasons Keep the Business in Top Shape during the Business Sale Process Execute the Business Sale Process Deal Negotiation and Deal Structuring The Close The Post-Sale Transition Business Dissolution Business Valuation The Discounted Cash Flow Method of Business Valuation Terminal Value Discount Rate and Cash Flow Determination for Purposes of Business Valuation Using Business Valuation to Determine Asking Price Summary Key Terms Review and Discussion Questions Exercises Endnotes Chapter 12 Personal Finance and Wealth Management Risk Management Asset Management and Investment Vehicles Cash and Cash Equivalents Bonds Equities Real Estate Commodities, Precious Metals, and Collectables Retirement Planning College Planning Estate Planning Summary Key Terms Review and Discussion Questions Exercises Endnotes Glossary Index