Product Description
by G. Eddy Birrer (Author), Jean L. Carrica (With)
Designed as a practical handbook for accountants and financial planners, this book is a clear, readily understood guide to the use of present value analysis in business and individual financial decision making. Through the use of numerous case examples, the authors describe the application of present value analysis to a wide variety of situations ranging from retirement fund accumulations and the evaluation of stock investments to long term debt management, automobile purchases, and plant and equipment acquisitions. Throughout, information is presented in terms readily understandable to the reader with no prior knowledge of the subject matter.
Following an overview of present value concepts and techniques, the authors devote separate chapters to valuation, investment decision rules, capital budgeting, use and analysis of debt, leases, real estate, business funds, personal funds, and other uses of present value analysis. Unique in the breadth of applications covered, the book offers a single reference source for material previously available only in a number of different books and other publications. The use of a consistent mathematical notation throughout and the uniform presentation of concepts enhances its usefulness to accounting practitioners, financial planning professionals, and entrepreneurs.Author Biography
G. EDDY BIRRER is Professor of Accounting and Assistant Dean of the School of Business Administration, Gonzaga University. He is the author of several publications on the subjects of accounting for bonds, leases, and pensions. In addition, Birrer has presented continuing professional education workshops to CPA firms and organizations on the use of present value applications, with special emphasis on lease accounting. Before entering the teaching profession, he worked on the audit staff of a Big Eight CPA firm.
JEAN L. CARRICA is Professor of Finance at Gonzaga University. His primary teaching fields are financial management and entrepreneurial planning. His prior publications cover topics such as entrepreneurship and business valuation. In addition to past experience as a business school dean, Carrica has served as an expert witness in wrongful death and injury lawsuits and as a board member of major corporations. His work history includes several years of successful small business ownership and management in the real estate industry.
