Financial management

This book offers essential guidance for achieving a robust financial foundation, emphasizing the need for financial competence at all management levels. It highlights the importance of efficient accounting as a means to unlock creative potential and implement strategic financial planning, steering clear of a narrow focus on figures. While shareholder value is crucial, it should not eclipse ethical and environmental considerations. A corporate culture that adheres to these principles can thrive in future global markets. Key topics include financial policy as a value driver, the dual dimensions of financial management, the significance of discounted cash flow for value creation, and the roles of financial controlling and risk management. The book also addresses value-based management, return on capital, investments, acquisitions, capital structure, dividend policy, and investor relations, concluding with insights for boards and executive committees. Rudolf Volkart, a recognized expert in finance, banking, and tax management, serves as a professor of Corporate Finance at the University of Zurich and directs the Swiss Banking Institute. The accompanying illustrations by cartoonist Nico, known for his subtle humor, enhance the text's appeal.