...Essential of Finance – Glossary Accounts payable (A/P). Money owed by the firm to agencies and suppliers. Accounts receivable (A/R). Money owed to a company for goods or services sold. The figure is important in determining a business's ability to meet its financial obligations. Accrual accounting. An accounting method whereby income and expenses are booked when they are incurred, regardless of when they are actually received or paid. Revenues are recognized during the period in which the sales activity occurred; expenses are recognized in the same period as their associated revenues. Accruals. An amount incurred as an expense in a given accounting period—but not paid by the end of that period. An example would be the electricity bill for a given quarter. Acid-test ratio. See quick ratio. Activity-based costing (ABC). An approach to cost accounting that focuses on the activities or cost drivers required to produce each product or provide each service. ABC assumes that most overhead costs are related to activities within the firm and that they vary with respect to the drivers of those activities. Allocation. The process of spreading costs from one expense category to several others, typically based on usage. For example, such corporate overhead expenses as rent and utilities may be charged to departmental units based on square feet. Amortized expenses. The costs for assets, particularly intangible assets such as intellectual property, which are depreciated (expensed)...
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...Financial Terms 1. Finance: Finance is the science of the management of money and other assets. This is essential for businesses with importance to capital and holdings. (Titman, Keown, & Martin, 2011) 2. Efficient Market: Efficient market is defined as a price where the holdings show both current as well as relevant figures; the assets fundamentally have their actual prices. The affiliation to finance is that the statement of information efficiency is operating in asset management with respect to their assessments. 3. Primary Market: Primary market is defined as a market relating to new securities where the securities are sold first (Titman, Keown, & Martin, 2011) . The securities are directly purchased from the issuer. This is important in finance ability as an importance of the fact that the growth of long-term capital through the issuance of securities is a necessary issue in finance. 4. Secondary Market: Secondary market is defined as where securities are traded that has earlier been issued within the primary market (Titman, Keown, & Martin, 2011). Usually, the securities are issued in either public offering or private. This is necessary within finance because these markets provide liquidity to stake holders. 5. Risk: Risk is defined as a possibility when the investment might potentially be unsuccessful to receive the expected returns, which may result in the loss of the original investment. It is very important within finance to assess risk so that...
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...Determining Financial Viability Accounting and finance are closely related to a certain extent in which both deal with the financial aspects of a company. Accounting and finance work together in creating “a company’s budget or working capital analysis” (Wise-Geek, 2012, p. 1). Accounting involves recording of an organizations operations of a business as well as showing the information in the outline profit and loss accounts, which demonstrates the gain or loss of the organizations throughout the year. In addition, accounting includes provisions of a balance sheet replicating the monetary positions of a business at a specific time period. It should provide clear and precise figures about the proprietary and financial condition in a specific entity. Finance is a wider view and uses information, which is obtainable in the accounting area such as “profit and loss, balance sheet, and cash flow statement” (Parikh, 2011, p. 1) to decide upon financially linked judgments, for instance how to increase funds for upcoming plans of a business. These statements provide a valuable amount of information for a company. The statistics retained in these statements assists financial directors with analyzing past performance as well as future inclinations of a business. Both accounting and finance must be used together to make effective decisions for a company therefore, finance uses past statistics from the accounting aspect to formulate future decisions. In order to determine financial viability...
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...Systems Business Information Systems Suppliers Competitors Business Problems and Opportunities Business Planning Customers Business Problems and Opportunities Organizational Individual Group Enterprise Business Planning Business Objectives (What)) Business Strategy (How) Business Processes Effective Integration Increased Performance Business Objectives (What) Information Systems Essentials, Sixth Edition Business Strategies (How) Information System Architecture Business Information Systems Technology Infrastructure Information Systems Essentials, Sixth Edition Business Information Systems • Various types of information systems that support the business functions in an organization • Types - TPS,MIS,EIS, GSS,GDSS, AI, ES,… • Business Functions - Accounting, Finance, Marketing, Production, Human Resource Management Business Information Systems Marketing Accounting BUSINESS INFORMATION SYSTEM Human R Resource Management Information Systems Essentials, Sixth Edition Finance Operation . Information Systems Essentials, Sixth Edition 1 1/25/2014 Business Information Systems • Functional Areas and Information Systems - Financial Information Systems - Accounting Information Systems - Manufacturing Information Systems - Marketing Information Systems - Human Resource Management Information Systems - Legal...
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...P1: Assignment 1 In this assignment I will draw up a number of key documents required for the recruitment of a Finance Manager position in order to establish the correct documentation required in the recruitment process, which will then be adopted for all employment opportunities in Elite Management. I will also include the description of the recruitment documentation used in Elite Management. The position I have chosen to look into is that of the Finance Manager for Elite Management. In order to recruit the right people for the organisation, management needs to pay attention to the various stages of the recruitment process. Here I will discuss the four important documents used in the recruitment process. These are the Job Advert, the Application Form, Job description and the Person Specification. 1. Job vacancy advertisements A job advertisement is an announcement about a job vacancy. The advertisement is part of the recruitment process designed to attract suitable qualified candidates for a job. Traditionally job adverts have been placed on newspapers and other printed media, however nowadays a large number of Job advertisement are placed on internet on job websites as well as on the company’s own internet or intranet websites. Adverts include a summary of the job description, the person’s specification and remuneration for the job. Elite Management will advertise in its website and other job websites. We shall also place the adverts in national and local newspapers...
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... Franco Modigliani Professor of Finance and Economics, Sloan School of Management, Massachusetts Institute of Technology, Consulting Editor Financial Management Adair Excel Applications for Corporate Finance First Edition Block and Hirt Foundations of Financial Management Thirteenth Edition Brealey, Myers, and Allen Principles of Corporate Finance Ninth Edition Brealey, Myers, and Allen Principles of Corporate Finance, Concise Edition First Edition Brealey, Myers, and Marcus Fundamentals of Corporate Finance Sixth Edition Brooks FinGame Online 5.0 Bruner Case Studies in Finance: Managing for Corporate Value Creation Fifth Edition Chew The New Corporate Finance: Where Theory Meets Practice Third Edition DeMello Cases in Finance Second Edition Grinblatt (editor) Stephen A. Ross, Mentor: Influence through Generations Grinblatt and Titman Financial Markets and Corporate Strategy Second Edition Helfert Techniques of Financial Analysis: A Guide to Value Creation Eleventh Edition Higgins Analysis for Financial Management Ninth Edition Kester, Ruback, and Tufano Case Problems in Finance Twelfth Edition Ross, Westerfield, and Jaffe Corporate Finance Eighth Edition Ross, Westerfield, Jaffe, and Jordan Corporate Finance: Core Principles and Applications Second Edition Ross, Westerfield, and Jordan Essentials of Corporate Finance Sixth Edition Ross, Westerfield and Jordan Fundamentals of Corporate Finance Eighth Edition Shefrin Behavioral Corporate Finance: Decisions that Create Value First...
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...Advanced Accounting Beams Anthony 11th Edition Solutions Manual Click here to download immediately!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/advanced-accountingbeams-anthony-11th.html ----------------------------------------------------------------------Advanced Advanced Advanced Advanced Accounting Accounting Accounting Accounting Beams Beams Beams Beams Anthony Anthony Anthony Anthony 11th 11th 11th 11th Edition Edition Edition Edition Solutions Solutions Solutions Solutions Manual Manual Manual Manual -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Advanced Accounting Author: Beams Anthony Edition: 11th ISBN-10: 0132568969 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your helper. Delivery is in the next moment. Solution Manual is accurate. Buy now below and the DOWNLOAD LINK WILL APPEAR IMMEDIATELY once payment is...
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...leadership talent pipeline. It is aimed at high calibre graduates and provides a comprehensive, consistent and integrated programme which will support the development of a broad group mindset and rounded skill set in all graduates. Participants are given a combined opportunity to develop both specialist skills and personal development. These skills will equip graduates to develop their careers and challenge for significant roles in the future. Vacancies available in: Retail Division Ireland & UK Group Supports (HR, Finance, Credit & Market Risk, Audit) Corporate & Treasury Division Vacancy Locations: Ireland & UK Minimum Requirements: Relevant Primary Degree at 2:1 Level or Masters Degree (Expected or Achieved) Desirable Degree Specialism: Finance, Mathematics, Engineering, Actuarial, Quantitative Studies, Arts (e.g. Business, Economics or Finance), Science, Computer Science Essential Requirements: Strong Customer Focus Demonstrate Initiative and Flexibility Intellectual agility and a willingness to challenge the status quo High achiever and excellent team player Strong Interpersonal and Communication Skills Motivated with a high level of drive and ambition Applicants must be eligible to work in the jurisdiction of the Programme they are applying for. Training & Development: The Futurus Programme offers a two year structured training calendar to all graduates...
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...Sample Essay on FINANCE: How to calculate the return on an investment (ROI) Research Paper Example of Research Paper, Sample essay Without calculating the return on an investment (ROI) is not possible to realize any marketing activity and be sure not to loose capital investments. It is essential for making one’s marketing activity more effective and uniquely productive. ROI can be expressed for different time periods: one year, one month, one week, one day. This makes it a necessary objective analyst of the marketing activity even for a long period. It also includes possible fees and expenses of the future financial project. When a person realizes an investment there is always a potential to increase the capital in several ways. There are a lot of formulas made to calculate ROI. Some of them are more detailed, some are less. It is obvious that the formula required depends on the type of investment and that ROI does not yield to formalization and cannot be entirely universal. Nevertheless, a general formula can be given: The Return on an Investment (ROI) Calculation ROI= Profit/ Total investment Total investment - total investment, including all the possible fees and expenses connected with the investment. For example, if you bought $8700 worth of stock and your fees were $1300, then your total investment is $10,000 ($8700 + $1300). Profit - profit or loss associated with the investment. For example if the $10,000 investment in stocks is worth $50,000 one year later, then...
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...Determining Financial Viability What’s the difference – Finance and accounting, accounting and finance? Accounting is a necessary input and subfunction to finance (World Academy, n.d.). The treatment of funds and decision making, relate to the primary distinction between accounting and finance. Finance and accounting are not the same, but accounting is concerned with financial records, while finance relies on accounting reports and data base. The future depends on past events as pointers. The principles of accounting organize and prepare financial statements for an organization (Cleverly, 2011). The success to any business is critical from both accounting and finance. Accounting is knowledge and finance is the know what to do with that knowledge. Viability is about being able to generate sufficient income to meet the commitments, debts, payments, and where applicable, to all or growth while maintaining service levels in a health Care organization. Both accounting and finance are different; however, they have a close relationship to each other. Accounting involves the preparation of a balance sheet, which at a certain date will reflect on the financial position of an organization (Let’s learn finance, n.d.). Accounting shows the profit or loss of an organization during the year with concerns of recording of business transactions of a company, then presenting it in a profit and loss account. On the broader end of this concept, finance makes use of all the data which is presented in the...
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...Defining Financial Terms 1. Finance: Finance means the dealing of providing funds and capital for earnings. In addition it includes getting money for a particular reason. This is a vital act because of the fact that it involves the administration of both capital as well as holdings. 2. Efficient Market: This is a place where the price of holdings proves both current as well as relevant figures; the assets fundamentally have their actual prices. The relationship to finance is that the statement of information effectiveness is utilized in asset management with respect to their valuation. 3. Primary Market: This is the market relating to new securities where the securities are sold first. The securities are directly purchased from the issuer. This is significant in a finance capacity as a consequence of the fact that the growth of long-term capital through the issuance of securities is an essential issue in finance. 4. Secondary Market: This is a place where refuges are traded that has earlier been issued within the primary market. Usually, the securities are issued in either public offering or private. This is essential within finance because these markets provide liquidity to stake holders. 5. Risk: Prospect is there that the investment might possibly be unsuccessful to receive the projected returns, that may subsequently result in the loss of the original investment. It is fundamental within finance to assess risk so that the possibility of not receiving...
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...Most organizations base their company structure on several functional areas. The functional areas typically seen in business include finance, marketing, information technology, human resources and, operations (Coulter & Robbins, 2012). The functional areas of business must work together to insure the success of the organization. This paper will discuss the role of management in these functional areas of business. Management Management’s primary function is to guide an organization to meet the company’s vision, goals and objectives successfully. Productive managers understand that effectively planning, organizing, directing and, controlling are essential business functions in order for an organization to run smoothly (Coulter & Robbins, 2012). A functional manager is an individual who has controlling authority over a specific department within a business. Functional managers generally communicate within that specific department and with each other. The departments typically found in most business structures include finance, marketing, information technology, human resources and, operations. Finance The finance department is responsible for managing the organization’s budget, figuring out financial projections for the company, monitoring the company’s cash flow, future financial obligations and investments. It is imperative that the finance manager collaborate across business functions to determine how to best distribute and manage the business’ assets (Coulter & Robbins...
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...Table of Contents Introduction Microsoft Dynamics Courseware Overview…………………………………………………….....0-3 Student Objectives…………………………………………………………………………………………….0-4 Module 1: FINANCIAL MANAGEMENT SETUP Lesson 1: General Ledger Setup ...............................................................................................................1-2 Lesson 2: Accounting Periods ................................................................................................................. 1-10 Lab 1.1: Accounting Periods .................................................................................................................... 1-14 Module 2: CHART OF ACCOUNTS Lesson 1: Chart of Accounts Overview ...................................................................................................2-2 Lesson 2: G/L Account Card .......................................................................................................................2-2 Lesson 3: G/L Account Card Ribbon .......................................................................................................2-8 Lab 2.1: Create a Revenue Account ...................................................................................................... 2-11 Lesson 4: Chart of Accounts .................................................................................................................... 2-13 Lab 2.2: Assign a Dimension to Multiple Accounts ................................................................
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...notes, Passports, non-judicial stamp papers, postage stamps and Minting of the Coins. SPMCIL is under the administrative control of Department of Economic Affairs, Ministry of Finance having its registered and Corporate Office at Jwahar Vyapar Bhawan, Janpath, New Delhi – 110001. The Operational units of the Company are strategically located across the Country having its four Mints at Mumbai, Kolkata, Hyderabad and Noida, four Currency / Security presses at Nashik, Dewas and Hyderabad, besides a high quality Paper manufacturing mill at Hoshangabad. With the above background, the Company is looking forward to recruit high caliber and talented professionals having potential to strengthen the Technical/Finance/Marketing/Materials/HR in the Organisation and accordingly invites applications for the following posts having all India transfer/posting liability: |Name of the Post |Level |Scale of Pay |Total No. of |Likely Place of posting|Age (As on 29.02.2012) | | | | |Post(s) | | | |Dy. General Manager | |Rs.37400-67000/- with grade |1-OBC |Corporate Office |45 | |(Finance &...
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...sitting in a chair at a well-known company can turn into thoughts of regret written all over job advertisements in the Tuesday newspaper in a basement. Job hunting can only be as difficult as it seems when recent graduation takes role in the lack of experience, credit points become a daily issue due to the lack of finance management and unemployment becomes a main fear of a job searcher. Changes are made every year, new graduates should be taught to deal with these changes to be fully prepared for what the future awaits. Degrees are meaningless as years of practice and experience become one of the top requirements for an interview of a certain field. Nowadays, many companies’ top priority is success. One of the reasons behind failure in a business is not the idea of repeated mistakes, but the lack of experience. This is the reason behind marking degrees as a meaningless tool and instead accepting skills and years of experience as predators of success. New graduates have the knowledge and skills that make them appear highly recommended but they don’t have the years of experience in their field. Experience and knowing common facts about a job can be essential Awad 2 when preparing for an interview...
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