BUSF_A01.qxd

Index

assets

definition and valuation of 46 –7

tendency towards overstatement

of 52

Associated British Foods (ABF) plc

129, 354 –5, 360, 368, 373, 425

Atrill, P.F. 116

audit 9 –10

see alsopost audits

Automobile Association (AA) 17,

401

bad debts 369, 371

Baker, H. 335

balance sheets 43 –5, 64, 79, 500

values in 49

Balbirer, S.D. 415 –16, 427

Balfour Beatty plc 354

Bank of England 121, 412 –13, 436,

442

bankruptcy and associated costs 15,

304, 310, 312, 315, 440, 500

Barclay, M. 309, 314, 337

Barclays Bank plc 244

Barney, L. 339

Bauger Group 402

bearpositions 254

Beattie, V. 315

Beaver, W.H. 257

Benito, A. 334

Benkato, O. 309–10

Bernardo, A. 336

beta (β) analysis 174, 199–204, 500

Blake, D. 267

Boardman, C.M. 101

boards of companies 9

see alsodirectors

bonus shares 224 –5, 265, 500

bonuses

for directors 26

for managers 142

Boots the Chemist 17, 367

borrowing by businesses 14, 29 –30,

294–6

Bradford and Bingley plc 339

brand names 141

Braund, S. 121, 243

break-even analysis 158

Brealey, R. 263

British Airports Authority (BAA)

395, 400

British Airways plc (BA) 158, 235,

239, 243, 245, 338, 400

British Energy plc 235

British Land Company 229

British Petroleum plc (BP) 129, 283,

338 –9

British Sky Broadcasting Group plc

395

British Telecom Group plc (BT) 25,

337– 8

Bruner, R. 399

budgets, use of 356, 365

buffer stocks 364 –5

bullpositions 254

Bunn, P. 314

business finance

in relation to accounting 6

and risk 5

role of 4

business risk 297, 302, 500

Busse, J. 266

buy-and-hold policy 269

buy-ins 402, 500

buying back of shares 334 – 4, 338,

504

Cadbury Schweppes plc 64, 309,

403, 408 –9

call options 422

capital allowances 117–19, 243, 500

capital asset pricing model (CAPM)

185, 198 –205, 208 –9, 264, 280,

500

assumptions of 202

and derivation of discount rates

204 –5

practical use of 205

tests of 200 –1

weaknesses of 185, 203 – 4

abandonment of investment

projects 133 – 4

abnormal returns 259, 264, 267

accountability of directors 10

accounting methods

changes in 265, 338

deficiencies of 46 –50, 64 –5

accounting rate of return (ARR)

97– 9, 102, 440, 500

accounts receivable seetrade

receivables

accruals 48

acid test ratio 58

‘active’ trading 269

activity ratios 55 –7, 67

Adnams plc 443

agency costs 27, 32, 207, 307– 8, 333,

336 –9, 390, 429, 437, 500

aggressivesecurities 199

Aharony, J. 335

Akbar, S. 335

Al-Ali, J. 121, 204 –5, 280, 285

Alcan Inc. 395

Alexander, S. 263

Alkaraan, F. 100, 137, 143, 174,

205

Allen, F. 336

Alternative Investment Market

(AIM) 232, 442–3

American football 257– 8

Amstrad plc 395

Andrade, G. 311

‘angels’ 442, 500

annual general meetings 222

annual reports of companies 9, 25

annuities and annuity tables 85 – 6,

132, 460, 500

arbitrage pricing model (APM)

205 – 6, 500

Arkwright, T. 121, 204 –5, 280, 285

Arnold, G.C. 99–100, 126, 134,

439–40

Arriva plc 338

Articles of Association 8

asset-backed finance 241–2, 248

Note: Page references in boldtype relate to the Glossary

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