Strategic financial management for small and medium sized companies / by Hande Karadag.

Format:

Book

Author/Creator:

Karadag, Hande, author.

Language:

English

Subjects (All):

Small business--Finance.

Small business.

Physical Description:

1 online resource (270 pages)

Edition:

First edition.

Place of Publication:

Bingley, England : Emerald, 2015.

Summary:

Research shows a majority of small businesses fail in their early years due to poor financial management, turning the dreams of many business owner and novice entrepreneur into nightmares. This book serves as a guide to prevent small business owners and novice entrepreneurs from experiencing financial disasters.

Contents:

Front Cover

Strategic Financial Management for Small and Medium Sized Companies

Copyright page

Preface

Acknowledgments

About the Author

1 Introduction

References

2 An Outlook of Small and Medium Sized Enterprise (SME) Sector

Small and Medium Sized Company Categorizations

The Role of SMEs in the Economy

SME Sector after the Global Financial Crisis

Structural and Financial Challenges of Small and Medium Sized Enterprises

3 A Strategic Management Approach to Financial Management Practices in Small and Medium Sized Businesses

Strategic Management in New and Existing Small and Medium Sized Companies

Financial Management in Small and Medium Sized Enterprises

Empirical Studies Investigating Financial Management Practices - SME Performance Relationship

Empirical Studies Investigating Financial Management Practices - SME Growth Relationship

Empirical Studies Investigating Financial Management Practices - SME Competitiveness Relationship

Empirical Studies Investigating Financial Management Practices - SME Profitability Relationship

The Model of Strategic Financial Management in Small and Medium Sized Businesses

4 Strategic Financial Planning and Forecasting in Small and Medium Sized Businesses

Choosing the Appropriate Legal Form for the Organization

Partnership

Corporation

Preparing a Business Plan

Executive Summary

Company Information

Industry Analysis

Top Management, Organizational Framework, and Company Culture

Marketing and Sales

Promotion

Price

Financial Forecasts

Capital Budgeting (Fixed-asset Investment Analysis)

Net Present Value (NPV) Analysis

Tips for Budgeting Strategically

Critical Factors/Risks

Funding Request

Academic Studies on Financial Planning and Forecasting in SMEs

References.

5 Strategic Working Capital Management in Small and Medium Sized Businesses

Strategic Cash Management

Strategic Accounts Receivables Management

Strategic Accounts Payable Management

Strategic Inventory Management

Academic Studies on Working Capital Management in SMEs

6 Strategic Capital Structure Management in Small and Medium Sized Businesses

Capital Structuring Decisions

Equity Capital

Debt Capital

Determining an Optimal Capital Structure

The Decision to go Public

Common Stocks

Preferred Stocks

Choosing between Bank Loans

Short and Long Term Bank Loans

Secured or Unsecured Loans

Revolving Lines of Credit

Small Business Credit Cards

Short-term Commercial Loans

Long-term Commercial Loans

Applying for a Bank Loan

Character

Capacity

Conditions

Capital

Collateral

Academic Studies on Capital Structuring in SMEs

Websites

7 Strategic Fixed-Asset Management (Capital Budgeting) in Small and Medium Sized Businesses

What Is Capital Budgeting?

Net Present Value Analysis (NPV)

Internal Rate of Return (IRR) Analysis

Payback Period Analysis

Averaging Method

Subtraction Method

Profitability Index

Throughput Analysis

Academic Studies on Capital Budgeting in SMEs

8 Strategic International Trade Financing in Small and Medium Sized Businesses

Risks in International Trade

Political (Sovereign) Risk

Legal Risk

Exchange Rate Risk

Trading Partner and Fraud Risks

Non-Payment Risk

Basic Documents in International Trade

Commercial Invoice

Packing List

Transportation Documents

Certificates

Financial Documents

Incoterms® 2010 Rules

Rules for All Modes of Transport

Rules for Sea and Inland Waterway Transport

Basic Payment Methods in International Trade.

Advance Payment

Open Account (Payment against Goods)

Open Account Process

International Trade Financing Tools for Minimizing the Risks in Open Account Trading

Key features of export factoring

Export factoring process

Main features of export credit insurance

Consignment

Key Features of Consignment Sales

Main features of export working capital financing

Documentary Collections

Main Features of Documentary Collections

Documentary Collection Process

Letters of Credit

Letter of Credit Process

Main Features of Letters of Credit

Types of Letters of Credit

Forfaiting

Main Features of Forfaiting

Process of Forfaiting

Managing Currency Risk

Hedging Techniques for Currency Fluctuations

Currency Forwards

Currency Futures

Currency Options

Academic Studies on Internationalization of SMEs

9 Strategic Financial Reporting and Control in Small and Medium Sized Businesses

Measures for SME Performance

Using a Balanced Scorecard

Financial Reporting and Control in SMEs

Understanding the Basics of Financial Statements

Balance Sheet

Assets

Cash and Cash Equivalents

Accounts Receivable

Inventories

Other Current Assets

Fixed Assets

Liabilities

Accounts Payable

Short Term Bank Loans

Long-term Liabilities

Shareholders' Equity

Income (Profit and Loss) statement

Total Revenue (Total Sales)

Cost of Goods Sold (COGS)

Gross Profit

Operating Expenses

Operating Profit

Interest Income or Expense

Accumulated Depreciation

Net Profits

Cash Flow Statement

Cash Flows from Operating Activities

Cash Flows from Investing Activities

Cash Flows from Financing Activities

Evaluating Financial Performance

Profitability Analysis

Vertical and Horizontal Analyses

Vertical Analysis.

Horizontal Analysis

Financial Control

Building an Accounting Information System

Cash-based Accounting System

Accrual-based Accounting System

Selecting an Accountant

Academic Studies on Financial Reporting and Control in SMEs

Further Reading

10 Conclusion

Index.

Notes:

Includes bibliographical references at the end of each chapters and index.

Description based on online resource; title from PDF title page (ebrary, viewed March 8, 2017).

Description based on publisher supplied metadata and other sources.

OCLC:

973932395