Table of Contents
Preface ix
Corporate Governance and Internal Control 1
Corporate Rights, Responsibilities, and Authority 1
17 Principles of Internal Control 6
The COSO ERM Model 10
Enterprise Risk Management: Limitations 13
Information Technology and Communications 14
Risks and Controls in Computer-Based Accounting Information 14
The COBIT Model of IT Governance and Management 16
System Development and Implementation 19
Introduction to E-Business and E-Commerce 21
Risks of E-Commerce 22
Data Structures, Software, and Databases 23
Information Systems Hardware 25
Size and Power of Computers 26
Storage Devices 27
Transaction Processing 28
Computer Networks and Data Communications 29
The Internet—Structure and Protocols 31
Economic Concepts 34
Demand 34
Supply 38
Market Equilibrium 41
Consumer Demand and Utility Theory 43
Inputs and the Cost of Production 44
Gross Measures—Economic Activity 46
Gross Measures—Employment/Unemployment 47
Aggregate Demand and Supply 48
Business Cycle 49
Price Levels and Inflation/Deflation 51
Money, Banking, and Monetary/Fiscal Policy 54
Reasons for International Activity 56
Introduction to Business Strategy and Market Analysis 60
Financial Management 61
Introduction to Financial Management 61
Time Value of Money Tools 65
Financial Valuation 67
Introduction and the Payback Period Approach 68
Introduction and Financial/Capital Structure 73
Introduction to Working Capital Management 81
Accounts Receivable Management 85
Quality and Inventory Management 86
Quality Control 90
Performance Measures and Management Techniques 97
Manufacturing Costs 97
Costing Methods 99
Cost Behavior Patterns 103
Absorption and Direct Costing 108
Joint and By-Product Costing 114
Budgeting 117
Master and Static Budgets 118
Forecasting Techniques 124
Cost-Volume-Profit Analysis Calculations 127
Transfer Pricing and Benchmarking 129
Measurement Frameworks 130
Project Management and Benchmarking 135
Index 139
