The Wall Street MBA: Your Personal Crash

To get a competitive edge in the workplace, you need to understand how financial evaluation, financial analysis, and corporate accounting are used. The Wall Street MBA explains all the basic concepts taught in a standard MBA finance and accounting program, and it gives you the knowledge and confidence to detect what's really going on beneath the surface of each financial report. Book jacket.

Reuben Advani is president of TeleStrat Consulting, Inc., a financial advisory boutique that specializes in corporate valuation, and is the founder of www.onedaymba.org.

Acknowledgments

xi

Introduction

xiii

PART I Accounting

CHAPTER 1 Accounting Basics

3

(16)

Double Entry Accounting

4

(1)

Cash versus Accrual Accounting

5

(2)

Creative Accounting

7

(2)

GAAP

9

(2)

Tax versus Book Accounting

11

(1)

Introduction to Financial Statements

12

(7)

CHAPTER 2 Balance Sheet 18 Assets

19

(16)

Liabilities

24

(1)

Owners' Equity

25

(2)

Sample Balance Sheet

27

(3)

Balance Sheet Games

30

(5)

CHAPTER 3 Income Statement

35

(17)

Income Statement Components

37

(4)

EBITDA, EBIT, EBT

41

(2)

Revenue Recognition

43

(3)

Inventory and Cost of Goods Sold

46

(3)

Depreciation

49

(1)

Earnings Release

50

(2)

CHAPTER 4 Cash Flow Statement

52

(16)

Cash Flow

54

(2)

Sample Cash Flow Statement

56

(6)

Why Cash Flows?

62

(3)

Managing Cash Flows

65

(3)

CHAPTER 5 Fraud and Manipulation

68

(17)

Types of Fraud

69

(3)

Enron

72

(3)

Profit Smoothing

75

(2)

Detecting Fraud

77

(1)

Pro Forma Financials

78

(7)

CHAPTER 6 Financial Analysis

85

(24)

Financial Statement Analysis

86

(1)

Trend Analysis

87

(1)

Ratio Analysis

88

(16)

EVA

104

(5)

PART II Finance

CHAPTER 7 Cost of Capital

109

(16)

Cost of Equity

112

(7)

Weighted-Average Cost of Capital

119

(6)

CHAPTER 8 Valuation

125

(20)

Valuation Basics

126

(3)

Methods of Valuation

129

(12)

Net Present Value

141

(4)

CHAPTER 9 Wall Street Basics: Stocks and Bonds

145

(12)

Bonds

148

(6)

Stocks

154

(3)

CHAPTER 10 Wall Street Part Deux: Arbitrage, Derivatives, and Hedge Funds

157

(17)

Arbitrage

158

(4)

Derivatives

162

(6)

Forwards

168

(1)

Futures

169

(2)

Orange County

171

(1)

Hedge Funds

172

(2)

CHAPTER 11 Mergers and Acquisitions

174

(19)

History of M&A

175

(1)

Types of Mergers

176

(1)

Why Merge?

177

(4)

Valuation

181

(1)

Defenses

182

(3)

Merger Obstacles

185

(1)

Mergers Gone Wild

186

(1)

Leveraged Buyouts

187

(6)

Conclusion

193

(2)

APPENDIX A Case Study—Car-E-Oki Inc.

195

(14)

APPENDIX B Sample Problems

209

(6)

APPENDIX C Summary Formulas

215

(6)

Glossary

221

(8)

FREE SHIPPING

Amazon no longer offers textbook rentals. We do!

The Wall Street MBA: Your Personal Crash Course in Corporate Finance

Summary

Author Biography

Table of Contents

Supplemental Materials