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Articles & Books From Michael Taillard
A complete and easy-to-follow resource covering every critical step of the accounting processLearning to love the language of business is easier than you think! In the newly revised Third Edition of Accounting All-In-One For Dummies with Online Practice, finance expert Michael Taillard walks you through every step of the accounting process, from setting up your accounting system to auditing and detecting financial irregularities.
Get a handle on one of the most powerful forces in the world today with this straightforward, no-jargon guide to corporate finance A firm grasp of the fundamentals of corporate finance can help explain and predict the behavior of businesses and businesspeople. And, with the right help from us, it’s not that hard to learn!
Cheat Sheet / Updated 12-07-2021
Corporate finance is the study of how groups of people work together as a single organization to provide something of value to society. It’s the job of those in corporate finance to manage the organization so that resources are efficiently utilized, the most valuable projects are pursued, the corporation can remain competitive, and everyone gets to keep their job.
Article / Updated 03-26-2016
Capital budgeting is the process by which you evaluate the financial potential for each of one or more possible capital investments. In those cases where several options are available but the corporation has enough resources to pursue only one, each option must be compared against the others in order to determine which one will yield the greatest returns.
Article / Updated 03-26-2016
Businesses don’t typically just advertise that they’re for sale and at what price they’re being sold. These transactions are all handled through very careful financial valuations, usually done separately by both parties who then meet to negotiate price.
For corporations, this transaction almost always includes a shareholder vote as well.
Article / Updated 03-26-2016
Macroeconomics is the study of large-scale, collective economic management. It’s usually related to the national economy or other issues involving an aggregate of smaller economic entities. Macroeconomics is a very complex subject. Following are some of the macroeconomic influences on performance, value, and price:
GDP: Gross domestic product (GDP) is the total value of all production created in a nation.
Article / Updated 03-26-2016
Corporate finance is the study of relationships between groups of people that quantifies the otherwise immeasurable. Take a look at the role of money in the world to understand how this definition makes any sense at all.
According to Adam Smith, an 18th century economist, the use of money was preceded by a barter system.
Article / Updated 03-26-2016
Numerous regulatory bodies oversee corporate finances and financial institutions, and each one warrants its own book (in fact, the role and regulations encompassing each regulatory body span volumes of books of information). Armed with their names and main purposes, you can do a quick online search to find out more about the ones that interest you most.
Article / Updated 03-26-2016
In essence, operating activities cash flows include any increases or decreases in cash that result from the primary functions of the company. Here are some of the most common changes in cash you may see in the operating activities portion of the statement of cash flows:
Cash received from customers: When a customer pays in cash (including via an electronic transfer made between accounts), you count that transaction as a cash increase in the operating activities cash flows.
Article / Updated 03-26-2016
Financing refers to the process of acquiring capital to fund a start-up, an expansion, basic operations, or whatever else the company needs the extra funds for. The financing activities cash flows section of the statement of cash flows covers these types of activities.
Most of the time, changes in liabilities (the debt a company uses to fund asset purchases) and owners’ equity (the ownership purchases whose proceeds are used to fund asset purchases) impact cash, regardless of whether the company is acquiring or repaying the cash.