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| List of Figures | |
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| List of Tables | |
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| Acknowledgments | |
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| Introduction | |
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| The Evolution of Financial Analysis | |
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| Bookkeeping | |
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| Modern finance | |
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| Departments, silos and analysis | |
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| The IT system landscape | |
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| New approach | |
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| Hazards of a single solution | |
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| Finding the Elements | |
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| The notion of elements | |
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| Elements of financial analysis | |
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| Input elements | |
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| Financial events and expected cash flows | |
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| Risk factors and risk categories | |
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| The time dimension | |
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| Classification of analysis | |
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| Nonfinancial cash flows | |
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| The methodology as a reflection | |
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| Input Elements | |
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| Financial Contracts | |
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| Modeling of financial contracts | |
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| Standard contract types | |
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| Rules and mechanisms of standard contracts | |
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| Examples | |
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| Nonstandard contract types | |
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| A.1 Mapping process | |
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| A.2 Data quality | |
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| Market Risk Factors | |
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| Expectations | |
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| Static modelling | |
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| Stochastic market models: the arbitrage-free world | |
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| Stochastic market models: the real world | |
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| Alternative valuation techniques | |
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| Further reading | |
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| Counterparty | |
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| Exposure, rating and probabilities of default | |
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| Data determining gross exposure | |
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| Credit enhancements | |
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| Credit line and limits | |
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| Credit ratings | |
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| Further reading 134 | |
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| Behavior | |
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| Risk sources and behavior | |
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| Market-related behavior | |
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| Insurance-related behavior | |
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| Credit risk-related behavior | |
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| Sequence of behavioral effects | |
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| Further reading | |
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| Costs | |
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| Introduction to cost accounting | |
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| Allocating costs to financial contracts | |
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| Integration of costs into the general framework | |
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| Summary and conclusions | |
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| Further reading | |
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| Analysis - Liquidation View | |
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| Financial Events and Liquidity | |
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| Financial event processing | |
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| Examples | |
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| Behavioral events | |
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| Liquidity reports | |
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| Further reading | |
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| Value, Income and FTP | |
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| Valuation principles | |
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| The big four | |
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| Other valuation principles | |
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| Special cases | |
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| IFRS 32, 39 | |
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| Funds transfer pricing | |
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| Further reading 220 | |
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| Sensitivity | |
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| Challenges of sensitivity calculation | |
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| Interest rate sensitivities from events | |
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| Other market sensitivities | |
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| Behavioral sensitivities | |
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| Sensitivity reports | |
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| Risk | |
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| Risk and VaR | |
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| Analytical VaR methods | |
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| Numerical VaR methods | |
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| Expected shortfall | |
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| Stress and shock scenarios | |
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| Regulatory risk measures | |
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| Backtesting | |
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| Further reading | |
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| Operational Risk | |
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| Basic indicator and standardized approach | |
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| Statistical basis of the advanced measurement approach | |
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| Operational value at risk | |
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| Further reading 290 | |
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| Analysis - Going-Concern View | |
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| General Mechanisms | |
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| Market conditions and general risk factors | |
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| New financial production | |
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| Behavior and counterparty | |
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| Cost | |
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| Balancing | |
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| Appendix: aggregation | |
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| Single contract level and performance | |
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| Contract aggregation | |
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| Banks | |
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| Chart of accounts and portfolio structures | |
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| Forecasting volume and characteristics | |
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| Adding market forecast, counterparty information and behavior | |
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| Analysis elements | |
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| Life Insurance | |
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| Chart of account | |
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| The life contract | |
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| Forecasting new production | |
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| Analysis elements | |
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| Non-life Insurance | |
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| Chart of account | |
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| The non-life contract | |
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| The reinsurance contract | |
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| Forecasting new volume and characteristics | |
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| Analysis elements | |
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| Nonfinancials | |
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| Financial and nonfinancial corporates | |
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| The nonfinancial model | |
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| Analysis elements | |
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| Corporate valuation | |
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| Outlook And Conclusions | |
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| The Financial Laboratory | |
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| Risk and performance measurements | |
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| Example of an economic risk report | |
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| Optimization | |
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| Consistency | |
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| Further reading | |
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| Towards a Unified Financial Language | |
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| The need for a unified financial language | |
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| Structure of a unified financial language | |
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| New finance, new regulation | |
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| Index | |