Book description
Many IT professionals lack understanding of the financial principles on which decisions about IT should be based. This book is ideal for all IT decision makers who wish to conquer their fear of finance or refresh existing knowledge. The new edition is updated with International Financial Reporting Standards (IFRS) terminology.
Table of contents
- FRONT COVER
- HALF TITLE PAGE
- BCS, THE CHARTERED INSTITUTE FOR IT
- TITLE PAGE
- COPYRIGHT PAGE
- CONTENTS
- FIGURES AND TABLES
- AUTHORS
- FOREWORD
- ACKNOWLEDGEMENTS
- ABBREVIATIONS
- PREFACE
-
1 FINANCE AND ACCOUNTS: THE BASICS
- Objectives
- The purpose of business
- Companies or corporations
- How a business works
- Example 1.1 Part 1: How transactions affect the statement of financial position
- Example 1.1 Part 2: Typical adjustments
- Example 1.1 Part 3: The income statement
- Example 1.1 Part 4: The statement of cash flows
- Relating cash flow to profit
- Published accounts
- Planning and management accounting
- Cash flow forecasting
- Non-business organisations
- Summary
- 2 DECISIONS, DECISIONS…
- 3 FINANCIAL CASES AND BUSINESS CASES
- 4 WHEN IS A BENEFIT NOT A BENEFIT?
- 5 HOW FINANCIAL CASES ARE EVALUATED: PART 1
- 6 HOW FINANCIAL CASES ARE EVALUATED: PART 2
- 7 THE EFFECTS OF TAXATION
- 8 DEPRECIATION OF IT ASSETS
-
9 IT FINANCING AND LEASING
- Objectives
- Introduction
- What is a lease?
- Lease definitions
- Finance leases
- How are finance leases accounted for?
- Sale and lease-back
- Leasing and financial cases
- Operating leases
- Residual value (RV)
- How are operating leases accounted for?
- Risk and reward
- Variations on the leasing theme
- Exchange leases
- Rental
- International financing
- ‘Small ticket’ leasing
- The leasing contract
- The future
- Summary
-
10 OUTSOURCING: FINANCIAL ASPECTS
- Objectives
- What is outsourcing?
- Outsourcing in personal life
- Outsourcing in business
- Financial characteristics of outsourcing
- Risk and service levels
- Financial evaluation methods
- Service enhancements
- Inflation
- How to build an outsourcing financial case
- A worked example
- Example 10.1: Description
- Step by step to the solution
- The tables
- Example 10.1: Explanations
- Example 10.1: Summary
- Outsourcing decision criteria
- Managing the process
- Summary
-
11 BUDGETING, COSTING AND PRICING: THE BASICS
- Objectives
- Budgeting
- Departmentalised businesses
- Cost centres and profit centres
- Charge-out
- Responsibility accounting
- The importance of operating profit
- Capital expenditure
- Revenue expenditure or ‘expense’
- Budgets and leasing
- Costing and pricing
- Variable costs
- Fixed costs
- Contribution
- Price/volume calculations
- Costing in manufacturing
- Art versus science
- Summary
- 12 FINANCIAL ANALYSIS: THE BASICS
- APPENDICES
- GLOSSARY
- FURTHER READING
- BACK COVER
Product information
- Title: Finance for IT Decision Makers, 3rd Edition
- Author(s):
- Release date: September 2012
- Publisher(s): BCS, The Chartered Institute for IT
- ISBN: 9781780171241
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