Title: Unified financial analysis : the missing links of finance
Editors: Brammertz, Willi
Akkizidis, Ioannis
Breymann, Wolfgang
Entin, Rami
Rüstmann, Marco Rainer Johann
Extent : 433
Publisher / Ed. Institution : Wiley
Issue Date: 2009
License (according to publishing contract) : Licence according to publishing contract
Series : Wiley finance series
Type of review: Not specified
Language : English
Subject (DDC) : 332: Financial economics
Abstract: Unified Financial Analysis arrives at the right time, in the midst of the current financial crisis where the call for better and more efficient financial control cannot be overstated. The book argues that from a technical perspective, there is no need for more, but for better and more efficiently organized information. The title demonstrates that it is possible with a single but well organized set of information and algorithms to derive all types of financial analysis. This reaches far beyond classical risk and return or profitability management, spanning all risk categories, all valuation techniques (local GAAP, IFRS, full mark-to-market and so on) and static, historic and dynamic analysis, just to name the most important dimensions. The dedication of a complete section to dynamic analysis, which is based on a going concern view, is unique, contrasting with the static, liquidation-based view prevalent today in banks. The commonly applied arbitrage-free paradigm, which is too narrow, is expanded to real world market models. The title starts with a brief history of the evolution of financial analysis to create the current industry structure, with the organisation of many banks following a strict silo structure, and finishes with suggestions for the way forward from the current financial turmoil. Throughout the book, the authors advocate the adoption of a 'unified financial language' that could also be the basis for a new regulatory approach. They argue that such a language is indispensable, if the next regulatory wave – which is surely to come – should not end in an expensive regulatory chaos. Unified Financial Analysis will be of value to CEOs and CFOs in banking and insurance, risk and asset and liability managers, regulators and compliance officers, students of Finance or Economics, or anyone with a stake in the finance industry.
Departement: School of Engineering
Organisational Unit: Institute of Data Analysis and Process Design (IDP)
Institute of Wealth and Asset Management (IWA)
Publication type: Book
DOI : 10.1002/9781119206071
ISBN: 978-0-470-69715-3
URI: https://digitalcollection.zhaw.ch/handle/11475/4662
Appears in Collections:Publikationen School of Engineering

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