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Finance for IT Decision Makers 2nd Edition
Many 'IT' people don't like 'finance' very much. At best it leaves them indifferent; at worst they just wish it would go away. 'Finance' is the thing that has incomprehensible jargon, charges budgets with costs that were never incurred. Finance for IT Decision Makers throws light on to the twilight zone where these two disciplines meet. Assuming
no prior knowledge of finance, it takes the reader step by step through each IT-relevant financial topic. Written in plain language, and with many practical examples, it explains how to construct a financial case for IT projects ensuring that relevant benefits and costs are included, and how financial cases are evaluated. The methods explained include: net present value (NPV), internal rate of return (IRR), return on investment (ROI), payback and others; IT outsourcing - how to cost-justify and account for it; IT leasing - its benefits and financial effects; IT-relevant aspects of depreciation and taxation; Budgeting and costing - an introduction; A glossary of financial terms; IT-relevant accounting standards, in particular those relating to leasing, software and long-term contracts; and, the fundamentals of finance and accounting, including: balance sheets; profit and loss accounts; cash flow statements; and some commonly-used financial ratios. Finance is fundamental to the IT world, as it is to most other aspects of life, both business and non-commercial. However, many employees lack knowledge of the particular financial principles on which decisions about IT should be based - decisions that often have serious financial implications for their organizations. Finance for IT Decision Makers brings together all the aspects of finance that IT people are likely to face, in a simple, yet practical way. Finance for IT Decision Makers covers those aspects of finance relevant to IT professionals in both business and non-commercial organizations - managers; practitioners; buyers; sellers; consultants; and project managers - those people who make or influence decisions about IT.
Contents:
Part 1 Finance for IT Decision Makers
- 1 Decisions, decisions
- 2 Financial and business cases
- 3 When is a benefit not a benefit?
- 4 How financial cases are evaluated - Part 1
- 5 How financial cases are evaluated - Part 2
- 6 The effects of taxation
- 7 IT aspects of depreciation
- 8 IT financing and leasing
- 9 Outsourcing - financial aspects (with Hugh Pike)
- 10 Tasters - budgeting, costing and pricing
- Part 2 Finance fundamentals in a nutshell
- 11
Finance fundamentals - bringing it together
- 12
Different kinds of business and their financial characteristics
- 13
Finance fundamentals - pulling it apart.
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