...American InterContinental University FINA310-1301A-02: Professor Michael James March 14, 2013 Answers to questions 1. Will the company need any outside financing? Based on the calculations from the Excel spreadsheet, there is a need for external financing since the cash inflows are less than the cash outflows in March, April, May, June, and August. 2. What is the minimum line of credit that CBM will need? The minimum line of credit should cover the maximum requirements for the period which occurs in June and is equal to $541,250. 3. What do you think CBM’s cash position during the budget period? Do you see any concerns for the company in this regard? The cash position for CBM seems to be okay, except for March through June, and again in August, where we see a cash deficit. A deficit like this is a short-term deficit in the fact that in July and again in September through November would begin to have a surplus in cash, and they could use this cash money to pay back money that they had to borrow. With that being said, I don’t feel that CBM would have any issues in this regard. 4. If you were a bank manager, would you want CBM as your client? Why or why not? If I were a bank manager, I think I would take interest in the short-term liquidity of CBM because CBM’s needs to borrow are all on a short-term basis. The reason that they had a shortage in cash from March through June was primarily because of the lump sums of income taxes and the investments...
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...Cyrus Brown Manufacturing (CBM) Sales Budget March April May June July August September October November $100,000 $275,000 $320,000 $450,000 $700,000 $700,000 $825,000 $500,000 $115,000 Cyrus Brown Manufacturing (CBM) Schedule of Cash Collections March April May June July August September October November Month of Sale (25%) $25,000 $68,750 $80,000 $112,500 $175,000 $175,000 $206,250 $125,000 $28,750 Following Month (55%) $55,000 $151,250 $176,000 $247,500 $385,000 $385,000 $453,750 $275,000 Second Month (20%) $20,000 $55,000 $64,000 $90,000 $140,000 $140,000 $165,000 Total Collections $25,000 $123,750 $251,250 $343,500 $486,500 $650,000 $731,250 $718,750 $468,750 Cyrus Brown Manufacturing (CBM) Schedule of Cash Disbursements March April May June July August September October November Direct Manufacturing Costs $187,500 $206,250 $375,000 $337,500 $431,250 $640,000 $395,000 $425,000 Administrative Salaries $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 $35,000 Lease Payments $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 Depreciation Charges $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 New Plant Investment $95,000 Income Tax $55,000 $55,000 Miscellaneous Costs $10,000 $10,000 $10,000 $10,000 $10,000 $10,000...
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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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...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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...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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...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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...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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...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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...Study: Coca-Cola HBC Treasury Takes Control of Commodity Risk Management Dimitris Papathanasiou, Coca-Cola HBC - 11 Sep 2013 Coca-ColaHellenic Bottling Company standardised its approach to risk management by transferring commodity risk management into treasury, so this central and vital business process could be managed by experts on an integrated basis with other financial risks and overseen by the financial risk management committee. This case study explains how organisational changes, combined with the introduction of risk management technology, enabled the organisation to plan and execute a consistent, cost-effective hedging strategy, with reduced counterparty risk exposure levels, improved transparency and stronger levels of control. Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) is the world’s second largest bottler of the Coca-Cola Company’s products and the largest in Europe. Net sales revenue for fiscal 2012 was €6.8bn. Coca-Cola HBC is headquartered in Zug, Switzerland, and has a premium listing on the London Stock Exchange and a secondary listing on the Athens Exchange. It serves approximately 581m people in 28 countries. The company decided to concentrate its commodity market risk management within the treasury department, in response to high levels of profit and loss (P/L) volatility and the relatively high credit risk with its suppliers. The ensuing project involved change management for transfer of the company’s commodity risk hedging to treasury...
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...A risky business Dodie: We are all here now. As you know that Zelal Sulen is our new boss now. After she took up the official post, she found that Hi-Style is out of touch with its target consumers and is losing direction. As the member of manager consultants, for this point, today we need to think out at least two options to advise her to improve the situation. Am I understood? And think a while... Okay, let's make a start. Who want to speak first? Lily: Well, in my opinion, Hi-Style could allocate £10m to new investment in the business. For example, it could improve distribution and sales through an exclusive agreement with a major retailer, which could provide a steady marketing channel. Second, to launch new product ranges with major advertising campaigns. Thus, new products will be known to customers. Hi-Style could definitely reach wide publicity. Thirdly, to employ brand development consultants so as to improve its image. Brand development consultants are more professional so that better brand image will be built, leading to its properous future. Fourthly, to hire a top retailing executive to run the business. Therefore, the business will be more smooth and sales will be increased. The last one is to commission City Associates to do a thorough review of all Hi-Style's activities, from which Hi-Style could catch a better understanding of the whole business to control its operation. Dodie: Good.Thanks. Lily. And what's your opinion, Serena? Serena: Well, I prefer the...
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...S Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y F F F F F F F F F F F F Introduction to Financial Accounting Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Management Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Introduction to Financial Accounting Section L5101 L0101 L0201 L5101 T0101 T0201 T0301 T0401 T0501 T0601 T0701 T0801 T0901 T1001 T1101 T1201 T1301 T1401 T1501 T1601 T5101 T5201 T5301 T5401 L0101 L0201 L0301 L0401 L0501 L0601 L0701 L0801 L0901 L5101 L5201 T0101 Time T 5-7 W 9-11 W 2-4 W 6-8 M 2-4 M 10-12 W 4-6 M 12-2 F 2-4 F 4-6 T 10-12 T 12-2 T 2-4 T 4-6 R...
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...| | | |Equivalent Modules Master List |Equivalent courses offered at Aalto University, School Of Economics. | | | | | |Courses offered are subject to changes. | | |Updated information on the courses will be sent to successful candidates by Aalto | | |University, School Of Economics. | | | | | |*The same course can be transferred only as 1 course. | |First Level Modules | | |ACC1006 Accounting Information Systems |International...
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...FINANCIAL MANAGEMENT 1. Explain the Indian Financial Systems. 2. Explain debentures as instruments for raising long-term debt capital. 3. What is Working Capital Cycle? Discuss. 4. What are the characteristics and uses of ratio analysis? Explain with examples. 5. Explain how will you estimate cash flows. 6. Explain Performance Budgeting. 1. What is the importance of cost of capital in Financial Decisions? Explain. 2. Explain the factors determining Capital Structure. 3. What is financial Forecasting? Explain. 4. What is a fund flow statement? Explain its uses. 5. Explain financial statement analysis and tools of financial analysis. 6. Explain the steps to improve efficiency of Cash Management. 7. 1. Business Finance is one of the major factors in all kinds of economic activity. Explain. 8. 2. The main function of financial management is to mobilize funds for investments as and when they are required, at the lowest possible cost and to ensure a fair return to the investors. Explain the various sources of such finances. 9. 3. Examine the details the sources of short term finance. 10. 4. Explain the objectives of inventory management W.R.T its benefits, risks of holding and cost of holding inventory. 11. 5. Explain financial statements and its limitations. What are the tools used for financial analysis? 12. 6. Explain the Indian Financial System Elective: Financial Management...
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...1. 3.2. 3.3. 3.4. 3.5. 4. Research Topic ...................................................................................................................................... 3 Problem in Context ................................................................................................................................ 3 Problem Review ..................................................................................................................................... 5 Poor Strategic Management/ Leadership ......................................................................................... 5 Poor Financial Management ............................................................................................................. 5 Poor Organisational Performance Management............................................................................... 5 Human Resource Management ........................................................................................................ 6 Operations Management ................................................................................................................... 6 Research Statement .............................................................................................................................. 7 Objectives...
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