Finance for IT Decision Makers: A Practical Handbook for by Michael Blackstaff FCA, MBCS (auth.)

By Michael Blackstaff FCA, MBCS (auth.)

Purpose the aim of this publication is to give an explanation for to details know-how (IT) selection makers these facets of finance that the majority impact their paintings. such a lot IT selection makers belong in a single of 2 different types. a few understand much approximately IT, yet much less approximately finance; the others recognize much approximately finance, yet much less approximately IT. In my event, these within the first classification usually need to make monetary judgements. these within the moment additionally, after all, need to make monetary judgements, yet approximately issues whose features stretch the conventional monetary and accounting principles as much as, and infrequently past, their elastic restrict. one of the features of IT that supply attention-grabbing demanding situations for monetary individuals are the next: • The accelerating price of swap • the fast and unpredictable worthwhile lifetime of IT resources • the aggregate of undefined, software program and companies • Upgradability • Networks that go kingdom barriers • IT jargon requested what features of finance offer fascinating demanding situations for IT humans, a lot of them may solution - "Everything". despite the fact that, goods within the following choice are usually specific motives of ask yourself: • Leasing • Why monetary versions regularly slash merits yet by no means charges • Being informed corporation with a mountain of revenue is set to fail via loss of money • getting to know that their price range has been charged with £113 485.

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Extra info for Finance for IT Decision Makers: A Practical Handbook for Buyers, Sellers and Managers

Sample text

That, ultimately, means cash wealth, and if it means cash wealth for the proprietors it had better mean cash wealth for the business too. That is the main reason why investment opportunities are most often evaluated primarily in terms of their effect on the cashflow of a business, even if other methods are used as well. If cashflow is so important, what then of profit? Are business results not reported primarily in terms of profit and loss? Indeed they are, although companies now have to produce a cashflow statement as well as a profit and loss account as part of their annual accounts.

In practice, a "receiving" manager will know where a past cross-charge has come from. It may therefore be possible, by enquiry, to determine the amount of any real cashflows which gave rise to it. Similarly, it may be possible, by enquiry, to determine the estimated amount of future change to a cross-charge if an investment being evaluated goes ahead. If so, it may be possible to discover the amount of the estimated real incremental cashflows, if any, that lie behind the change. In this case, the evaluator may be justified in including the change in cross-charge as a reasonable approximation for a change in real cashflows.

Therefore the value 38 Finance for IT Decision Makers of the capital invested in them is also used up. When the old car finally goes to the breakers, it is not just the car that has been used up but the money that you spent on it. Both these things are represented in accounting terms by charging depreciation as an expense. Doing so reduces the "book value" of the asset; it also reduces the profit, because the higher the expenses the lower the profit. Profit is simply the amount by which the capital of a business is increased by trading, so reducing the profit also reduces the capital.

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