...University of Sunderland | Financial Management Assignment | Assessment Class Work 09/10 | Abdulla Aljenaibi 084974776 | Abstract This class work takes the form of a report to the Crisp PLC management. Due to word limitations and assuming that the reader has some knowledge of financial aspects, I have not discussed market forms with regard to market efficiency. Also, for the same reason, I don’t talk about the internal finance sources or bank loans including short loans. However, I focus on bonds and stocks. With regard to cost capital, I briefly discuss the weighted cost of capital. The word total is 3204. If we exclude the front page, the abstract, contents page and the references, the total is 2988 words. Contents Introduction | 3 | Financial Markets Efficiency | 3 | Sources of Finance | 5 | The cost of capital | 9 | Dividend policy | 9 | Conclusion | 11 | References | 12 | Introduction This report aims to provide the necessary information for the Board of Directors of Crisp PLC about funding sources. This is necessary since Crisp PLC has found that it is need to raise large amounts of funds in order to ensure success in different projects. The report includes details with regard to market efficiency, finance sources, cost of capital, and dividend policy. Financial Markets Efficiency يعتبر مفهوم الكفاءة لسوق رأس المال من أهم الجوانب الرئيسية لدراسة تطور أسواق رأس المال .ويتباين مفهوم الكفاءة فى سوق رأس المال عن المفهوم التقليدي...
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...Assignment is done by sajid ahmad, mehtab khan ,Abdullah khan and waheed rehman Submitting to madam lalarukh by mean of Email : lalarukhuos@gmail.com Assignment is related to financial management. Saving and loan association: Despite the proliferation of commercial and nonmutual credit sources, savings, and loan associations continue to remain important credit institutions for its members in industrialized and industrializing countries, in particular. The origins and principles of savings and loans associations are not that dissimilar in both industrialized and industrializing countries, namely, small membership based thrift societies (similar to mutual savings banks and credit unions) where members saved and then borrowed on predetermined...
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...UNIT 101 – FINANCIAL MANAGEMENT LECTURER NAME TOPIC NAME Financial Analysis SUBMISSION DATE: STUDENT NAME: STUDENT ID: I EXECUTIVE SUMMARY With steady sales in 2012, Orica's performance for the 2012 financial year looked promising. Analysing the Orica Financial Report 2012 shows that although sales were high, the expenses increased for the year, and their net profit dropped considerably. This report analyses Orica's overall performance for 2012. Utilising the data provided by their Income Statement, Balance Sheet and Cash Flow Statement, the financial analysis ratios: Liquidity, Efficiency, Profitability, Financing and Investment ratios, are all calculated and analysed to present their financial standing at the end of the year. Comparing the relationships of these ratios reveals that Orica decreased their liquidity, but suffered lower profitability with heavy influences from Minova’s impairment of goodwill. With high asset utilisation and stable efficiency, Orica should focus on improving their maintenance and reliability by addressing the Kooragang plant shutdown. Furthermore, Orica is financing more with debt than equity which introduces some risk to the company given their higher expenses for 2012. Finally, the investment ratios indicate that Orica could be poised for high growth with a stable return, but should first focus on maximising their plants and equipment. Sample Assignment: Part of the content removed II TABLE OF...
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...International Financial Management Assignment: Exchange Rate Risk Management As the world of business becomes increasingly global, multinational corporations (MNCs) are establishing the production and marketing operations in foreign countries. These MNCs face a variety of challenges. One of challenge faced by MNCs in foreign markets is fluctuations in currency exchange rates. Movements in exchange rates can cause instability in profit margins and significant losses to an MNC’s bottom line. Thus, exchange rate risk management is an integral part in MNC’s decisions about foreign currency exposure. Measuring and managing exchange rate risk exposure are important functions in reducing a MNC’s vulnerabilities from major exchange rate movements. In order to manage currency exchange rate risks, MNC often use financial instruments or currency derivatives. Required: 1. What are the types of exchange rate risks faced by the MNCs? 2. Understand the attempt for the use of foreign exchange derivatives (exchange rate risk management approaches) that can benefits the MNCs. Assignment required student to demonstrate professional skills in research, presentation and communication with full references and an appropriate bibliography. * Assignment should be completed using a word processor and should be no more than 10 pages, using Arial 12, single spaced. * Submission should be a single word document. * This is an independent assessment, and it is unlikely that students...
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...CHAPTER I 1.1 BACKGROUND Doing an analysis of the financial statements of a company is essential before we invest in a certain company. We must know the level of profitability (profit) and the level of risk or the soundness of the company beforehand. Ratio analysis is a useful management tool that will improve our understanding of financial results and trends over time, and provide key indicators of organizational performance. The financial statements are prepared properly and accurately to provide a picture of the real situation regarding the outcome or accomplishment that has been achieved by a company for a certain period, this is the state that is used to asses financial performance. Moreover, information on the financial performance of a company is very useful for various stakeholders, such as investors, creditors, government, bankers, management itself and other parties concerned. The module Assignment is made to complete the course assessment requirements set by the teaching team (Mrs. Catur and Mrs. Maria Carmelia) for financial management subjects in the Excellent class. It required us to make the task of module analyzes the company's financial statements as listed in the task module requirements listed in the book module. We used the data from Metrodata Electronics company for the years 2008 - 2012 as the target of our analysis for the Analysis of Financial Statements. Primary data in the analysis of financial statements is a secondary data consisting of balance...
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...Assignment 1 MBA – 622 Financial Management Muhieddine Itani U121N0314 Part A: Morello Landscapes Limited Cash Budget | For the period: January 1st 2012 to June 31st 2012 | Worksheet | | | | | | | | January | February | March | April | May | June | | € | € | € | € | € | € | Sales (Price of the contract) | 400,000 | | | | | | Collections: | 5% | 15% | 10% | 10% | 10% | 50% | Cash | 20,000 | 60,000 | 40,000 | 40,000 | 40,000 | 200,000 | Accounts Receivable | 2,400 | | | | | | Total Collections | 22,400 | 60,000 | 40,000 | 40,000 | 40,000 | 200,000 | | | | | | | | Purchases | | | | | | | Payments: | | | | | | | Accounts Payable | | | | | | | Materials | 6,600 | | | | | | Miscellaneous | 2,570 | | | | | | Materials | | | | | | | Soil | 12,600 | | | | | | Sand | | | 2,200 | | | | Cement | | | | 3,100 | | | Bricks/stones | | | | | | 76,500 | Turf (10%) | | | | | | 43,200 | Shrubs(10%) | | | | | | 16,700 | Other materials | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | Total payments | 23,770 | 2,000 | 4,200 | 5,100 | 2,000 | 138,400 | | | | | | | | | | | | | | | Inflows & Outflows | | | | | | | Collections | 22,400 | 60,000 | 40,000 | 40,000 | 40,000 | 200,000 | Returned Deposit for diggers | | 2,500 | | | | | ...
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...WSJ Assignment Financial Management FIFA Rocked as U.S. charges 14 in Corruption Investigation Before the commencement of this year’s FIFA World Cup, over 14 members of the FIFA board as well as other FIFA executives were charged in a corruption scandal dating back at least 24 years. FIFA stands for International Federation of Association Football. It is a multi-billion dollar organization that is also a nonprofit. According to the article, “Attorney General Loretta Lynch said the individuals indicted had ‘corrupted the business of world-wide soccer to serve their interests and to enrich themselves’”. She also claimed that the schemes that took place had been “rampant, systemic, and deep-rooted” within the United States in addition to other nations all over the world. Per the indictments, as soccer became increasingly popular and profitable around both South America and the United States, FIFA officials became increasingly greedy and began acting unethically. In addition to taking money to pad their own pockets, those indicted were accused of “working with sports marketing executives to shut out competitors and keep lucrative contracts for themselves. Prosecutors allege U.S. and South American sports marketing executives paid more than $150 million in bribes and kickbacks to FIFA officials to obtain media and marketing rights to international soccer tournaments”. Some more specific examples of the corruption include Jack Warner (who voted on FIFA’s executive committee to pick...
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...1) What does the term “risk” mean in the context of capital budgeting; to what extent can risk be quantified; and, when risk is quantified, is the quantification based primarily on statistical analysis of historical data or on subjective, judgmental estimates? The term “risk”, in the context of capital budgeting, means the uncertainty about the future profitability of the plan. We should understand if the taking on the project will rise both firm and stockholders’ risk. About the quantification, we should mainly use statistical analysis, but also historical data can be used and risk analysis in capital budgeting is usually focused on subjective judgments. 2) What are the three types of risk that are relevant in capital budgeting? How is each of these risk types measured, and how do they relate to one another? How is each type of risk used in the capital budgeting process? Three main kind of risk are present in capital budgeting: - Stand-alone risk - Corporate risk - Market risk. The first one (Stand-Alone Risk) concerns the project’s risk if it is the only asset in the firm and no shareholders are there. It passes over both firm and shareholders’ diversification and it is computed by Sigma or CV of NPV, IRR or MIRR. The second risk (that is Corporate Risk) concerns the project’s effect on corporate earnings stability. It also considers other activities of the firm (better knows as diversification within firm) and it depends on project’s sigma and the correlation (ρ) with...
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...BUS 508 Week 5 Assignment Financial Management (Pepsi and Coca Cola) To Buy This material Click below link http://www.uoptutors.com/BUS-508/BUS-508-Assignment-5-Financial-Management-Pepsi-and-Coca-Cola BUS 508 Week 5 Assignment Financial Management (Pepsi and Coca Cola) Long time competitors in the soft drink industry, PepsiCo and Coca-Cola continue efforts to gain additional market share. Which do you prefer, Coke or Pepsi? Let’s take a look at these two companies from a financial perspective rather than our drink preference. To learn more about PepsiCo and Coca-Cola Enterprises, download the PepsiCo 2009 Annual Report at: http://www.pepsico.com/annual09/ and the Coca-Cola 2009 Annual Report at:http://www.cce2009annualreport.com/. Review the annual reports for general information. Required: 1. Read Understanding the Income Statement at:http://www.investopedia.com/articles/04/022504.asp 2. Read Reading the Balance Sheet at:http://www.investopedia.com/articles/04/031004.asp 3. Compute the following financial ratios for both companies and provide as an appendix to the required paper. If you need help understanding the meaning of the ratios or how to they are computed, go to:http://www.investopedia.com/university/ratios/ Liquidity measurement ratio: • Current ratio Profitability indicator ratios: • Return on assets • Return on equity Debt ratio: • Debt ratio Operating performance ratio: • Fixed asset turnover ratio Cash flow indicator...
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...The role of writing in financial field Abstract As far as we are known, writing plays an important role in our daily life and is essential to all people from all walks of lives. Writing can prompt the fast development of the individual progress as well as their professional capacity as well. I am willing to come true this aim in the way of writing, so I do my best to interview a person, her name is Doris. We have the opportunity to pick up some techniques and significant skills in the way of giving question-- how to write in an appropriate way in some degree. Now, Doris is working in financial field. There is no doubt that we can learn some key points of how to write something in this field from her useful and important experiences. This assignment which is an informational report aims to give a brief introduction about the different genres of writings, then provide some useful instructions to her expected audience, what’s more, making those audience known that writing can convey unexpected reflection of our daily life in reality. The importance of writing in financial I have acquire that writing could promote her to achieve a lot of things during the process of her career such as data analysis, strategy decision making, and more about the international business. Moreover, Doris has spent 3 more years working in this field. And everyday, she takes one and a half to write. Meanwhile, she will try her best to finish her tasks, no matter how difficult the tasks are, she...
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...CPA Program The practical experience guide and logbook If you require further information about the practical experience requirement, or would like to notify us of a change, please contact CPA Australia: practicalexperience@cpaaustralia.com.au or contact your local office – details can be found on the inside back page of this guide. Disclaimer The material used in this booklet has been designed and prepared for CPA Australia’s practical experience requirement. It provides tailored guidance for mentors who are registered in CPA Australia’s practical experience requirement. The booklet and contents should not be used for any other purpose. CPA Australia, the publisher and the author of this booklet take no responsibility for any loss incurred by any person who relies on guidance offered in this booklet. Legal notice Copyright CPA Australia Ltd (ABN 64 008 392 452) (“CPA Australia”), 2010. All rights reserved. Save and except for third party content, all content in these materials is owned by or licensed to CPA Australia. All trade marks, service marks and trade names are proprietory to CPA Australia. For permission to reproduce any material, a request in writing is to be made to the Legal Business Unit, CPA Australia Ltd, 385 Bourke Street, Melbourne, Victoria 3000. CPA Australia has used reasonable care and skill in compiling the content of this material. However, CPA Australia and the editors make no warranty as to the accuracy or completeness of any information in these...
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...Class of: 2013 Course Title: Financial Risk Management (FRM) Semester: III Credits: 3 Course Objective & Learning Outcome: This course gives students a working knowledge of derivative instruments and their applications in managing various types of financial risks. While doing so, students would understand the organizational aspects of those risk functions and their roles & responsibilities. The emphasis is on mechanics, properties and valuation of forwards, futures, options and swap instruments. In covering these instruments, cases, examples and notes would be sought from markets so as to provide a holistic view of the financial market structure i.e., currency, fixed income, equity and money markets. Cases discussed in the class would be contemporary in nature drawn from international experience. Pre-requisites: Students are advised to be through with Financial Management I, Financial Management II and Quantitative Methods. Students are expected to go through all the reading prescribed before every class and make a meaningful contribution through active class participation. The course is delivered through a combination of case discussions, problem solving, real life risk reports and simulation. The course would have an analytical and numerical flavor and hence students are required to bring their calculators/laptops to every class. Text Book: 1. Hull, John C. & Basu, S., Options, Futures, and Other Derivatives, 7th Edison, Prentice-Hall...
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...CPA Program The Practical Experience Guide EVE CHENG CPA SENIOR ANALYST BHP BILLITON Contents Practical experience requirement How to identify if your role is relevant Where do you fit? What skills areas do you need to demonstrate? Your mentoring relationship How to record your experience in the logbook The skills guide Personal effectiveness skills Leadership skills Business skills Technical skills 3 4 6 7 8 10 11 12 13 14 15 MICHELLE ROACH CPA 2 Practical experience requirement Did you know? Our studies show that members consistently perform better in their segments when they are enrolled in the practical experience requirement The practical experience requirement of the CPA Program gives you the opportunity to use the knowledge and skills gained in your education and apply them in your workplace. Combining your education with mentored practical experience will give you the opportunity to develop and demonstrate highly sought after technical and soft-skills that will benefit your entire career. Starting your practical experience requirement means that you are one step closer to your goal of becoming a CPA. CPA Australia recommends that you start the practical experience requirement and the professional level segments at the same time, if you are employed in a relevant role. What are the requirements? • complete a minimum of three years of relevant full-time or equivalent part-time work experience • demonstrate competence in 16 personal effectiveness...
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...analytical and educational background Management experience Diverse work and life experience Experience 02/2010 – present Raiffeisen Bank International AG, Austria Credit management corporate, Director Counterparty credit risk and underwriting management in European emerging markets with special focus on Russia and Ukraine. 12/2008 – 01/2010 Structuring complex corporate credit transactions such as LBOs and investment loans. Developing an advanced internal tool for calculating Risk weighted assets under both standardised and IRB approaches. Developing and implementing industry concept in credit risk management. Reporting large and complex transactions to the bank’s Credit committee and Management board. Exercising my own approval competences for approval of credit transactions. Mentoring junior professionals and trainees in the department. Raiffeisenbank AD, Bulgaria Corporate credit risk, Head of department Managed a credit risk department of 10 risk professionals responsible for the largest corporate credit risk exposures. Was a voting member of the bank’s credit committee with own approval authorities. Steering the credit committee meetings. Participated in risk related projects originated in head office improvement, Data Quality management, Regular risk reporting). Met National Supervisory in terms of IRB application status of the bank. (Rating model 06/2008 – 11/2008 EFG Eurobank AD, Bulgaria Credit risk management, Head of department Managed...
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...Behavioural Finance Financial Risk Management Table of Contents Table of Contents 1 Risk Management Paper ........................................................................................................ 2 1.1 Introduction and interpretation .................................................................................................... 2 1.2 Implementation ............................................................................................................................ 4 1.2.1 Aspects to consider ....................................................................................................................... 4 1.2.2 Implementation Process ............................................................................................................... 8 2 Appendix I – References ....................................................................................................... 10 Date: 24 of May 2012 th i Risk Management Paper 1 1.1 Risk Management Paper Introduction and interpretation If at the beginning of 2011, a highly respected person advised me that I was going to live through three major earthquakes within a year I would have struggled to believe them and justify arguing with the historical and scientific data, which clearly states the converse...
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