...Corporate Finance BWFM 5013 | Discuss the reason why some stocks are considered as a good buy. Give example of such stock. Interested in making investment? however don’t have tips and idea to make this risky decision. As far as you researching, there are many things to look for and everyone will share tips and guide with something different. Listed below, a few checklists that may facilitate and guide you in decision making and identify the obvious loser you do not want to invest in. For my case study, I choose Top Glove (sample) as my preferred stock to buy. The reason why I choose this stock to buy was based on Financial Analysis besides PEST factors. Synopsis of Top Glove activities Top Glove Corporation Berhad and its subsidiaries (“Group”) is well positioned as a manufacturer of gloves with a diversified product base ranging from latex, surgical, nitrile, household, clean room, vinyl to polyethylene gloves, earning itself a reputation as a one stop glove sourcing centre offering an extensive and complete range of high quality, high value added and cost effective rubber gloves. The group has evolved from a glove manufacturer to a comprehensive rubber glove manufacturer complemented by upstream activities such as latex concentrate plants and in the future rubber plantation. With its good and established corporate culture and business direction of producing consistently high quality gloves at efficient low cost, the group has embarked on an impressive expansion...
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...assessing financial techniques used in organizations and public institutions in an effort to determine how they affect both internal and external business processes. In essence, managerial finance mix managerial and elementary corporate financial aspects to better organizations’ operations, minimize loses and implement change. As opposed to the technical financial approach, managerial finance seeks to analyze available financial information or data and then derive their inherent meaning in regard to the long term survival of a business. This paper seeks to explicate the role of managerial finance and their implication to the survival of contemporary business enterprises. Financial statements are instrumental to internal users in that it helps them to make key business decisions. Such users include business owners, employees, managers and other stakeholders with a direct interest in an organization. Performing financial analyses on such statements helps such parties to gain an in depth understanding on their implications to internal decision making processes. On the other hand, external users require financial analysis to make decisions regarding their investments in a given organization. These include the government, banks and other financial partners as well as potential investors. Following the above discussion, governments will always ask for financial statements to evaluate or ascertain how an organization complies with taxation rules and regulations whereas financial institutions...
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...MODULE 1, ASSIGNMENT 3 September 12, 2013 Topics: Performance Management, Financial Management and Financial Reporting Overview In this assignment, candidates get a chance to apply all the steps except for steps 6 and 9 in the Steps for Approaching Business and Corporate Strategy to a small business case. As mentioned previously, these steps provide candidates with a systematic approach for addressing a case involving business-level strategic issues. Applying this approach effectively is one of the important competencies that candidates will learn in the CMA Canada Professional Programs. The starting point for solving a business problem is to analyze the current situation and identify the problems that need to be addressed. A major component of the situational analysis is to take a close look at the environments within which an organization finds itself. One of the methods commonly used in such an environmental analysis is “SWOT” (an acronym for Strengths, Weaknesses, Opportunities and Threats), which considers the strengths and weaknesses in the internal environment as well as the opportunities and threats in the external environment. Candidates can refer to the required reading Situational Analysis Tools mentioned below for more information on how to go about doing a SWOT analysis. The next major step is to identify the issues and analyze various alternatives for addressing the major issues. In this case, a shortage of available cash is a major issue and needs to be addressed...
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... | | |Financial Accounting Concepts and Principles | Copyright © 2010, 2009 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on the enterprise. Financial information is examined from the perspective of effective management decision making with special emphasis on the planning and controlling responsibilities of practicing managers. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial accounting (6th ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website....
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...METHODS OF FINANCIAL ANALYSIS Dorothy E Vincent-Greene ACC 281 Accounting Concepts for Health Care Professionals Professor James Bell 26 MAY 2014 The process of restating and summarizing data by establishing ratios and trends is known as a financial analysis. The financial statement analysis is the process of examining and identifying the relationships among financial statement elements and making comparisons with relevant information. The analysis is a powerful tool used by a variety of people like creditors, investors, and managers, etc. who all have different reasons for learning about the financial circumstances of an organization (Financial Statement Analysis, 2014). There are a variety of tools that can be used to evaluate the financial statements data. The three most commonly used tools are the ratio analysis, horizontal analysis, and vertical analysis. In this paper I plan to evaluate these three methods and discuss how the financial information is used to make certain business decisions, while giving an example that may be seen in the health care arena. The ratio analysis is a method of analyzing data to determine the overall financial strength of a business. The broad method by which the financial data is converted into simple mathematic ratios for comparison makes it easy very user friendly. An advantage to this method is that it can be used by anyone with access to organizations public financial statements since the data is widely available. Calculations...
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...were define as prepare a statement of cash flows using both direct and indirect methods, apply ratio, vertical, and horizontal analyses to financial statements and prepare journal entries associated with the issuance of preferred and common stocks and the declaration and payment of dividends. Cash flows will identify a company's sources and uses of cash. Companies are required to prepare a statement of cash flows in their annual reports because it contains essential data for others, such as lenders and investors, who make economic decisions about the companies. It shows the bases and uses of cash and is a basis for cash flow analysis. Companies produce and consume cash in different ways, so the cash flow statement is divided into three sections: cash flows from operations, financing and investing. Basically, the sections on operations and financing show how the company gets its cash, while the investing section shows how the company spends its cash. Each section can give you a snap shot of a company’s cash management viewpoint. This can also tell you whether dividends have actually been paid out or whether they are accruing. According to Financial accounting “Operating activities include receipts and payments from normal business operations; investing activities include the purchase or sale of long-term asset and investments; and financing activities relate to borrowing money and making payments to creditors and investors” then you have indirect statement of cash flow method does...
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...Module: Unit 2 – Managing Financial Resources & Decisions Module type: Core Module Code: H/601/0548 Module Credit: 15 Teaching Period: (15+6 weeks) Level: 4 (QCF) Contact Hours: (21*3 = 63) Lecturers: 15 weeks Support and guidance: 3 week Assessment and feedback: 3 weeks MODULE LEADER: MR GEORGE MUWONGE Lecturer: Mr Solomon A Odegbesan Start date: 28th January 2014 Day: Tuesday Time: 10:00-13:00 Campus: Park Royal Term: Winter CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS INTRODUCTION This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used. They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Students of this unit will gain an understanding of where and how to access sources of finance...
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...Unit 2 – Managing Financial Resources & Decisions Module type: Core Module Code: H/601/0548 Module Credit: 15 Teaching Period: (15+6 weeks) Level: 4 (QCF) Contact Hours: (21*3 = 63) Lecturers: 15 weeks Support and guidance: 3 week Assessment and feedback: 3 weeks MODULE LEADER: MR GEORGE MUWONGE Lecturer: OLAJUMOKE TAIWO Start date: 30th September, 2014 Day: Mondays Time: 10:00 – 5:00 Hrs Campus: Kilburn Term: Winter CONTENTS 1. INTRODUCTION, AIMS AND OBJECTIVES 2. MODULE OUTLINE AND TEACHING METHODS 3. READING AND COURSE PREPRATION 4. LECTURE WITH DETAILED COURSE PROGRAMME AND OBJECTIVES 5. ASSESSMENT DETAILS INTRODUCTION This unit is designed to give learners a broad understanding of the sources and availability of finance for a business organisation. Learners will learn how to evaluate these different sources and compare how they are used. They will learn how financial information is recorded and how to use this information to make decisions for example in planning and budgeting. Students of this unit will gain an understanding of where and how to access sources...
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...Fairfax Media Limited (FXJ) and News Corporation are two media companies, the former is an Australasia's leading media company while the latter one is an American company, which is on a larger scale than Fairfax Media. Good investors must have their own analysis and their own decision. In order to know which company is worth to invest in, we analyse the finance statements of these two companies throughout the three - year period, from 2007 to 2009 by comparing the financial ratios, evaluating the red flags, identifying non-financial information, analysing Notes to the financial statements. 1. Trend Analyses and Financial Ratio Analyses over Three - year Period, from 2007 to 2009. Company Financial ratio 2009 2008 2007 Profitability Return on investment (ROI) (%) N/A 7.8 5.3 Gross margin (%) 19.3 27.6 23.5 Liquidity Working capital (%) 79.4 127.9 171.5 Quick ratios (%) 73.2 119.2 161.4 Fairfax Leverage Leverage ratio (%) 38.1 50.6 47.3 Media Interest cover (times) N/A 3.8 4.0 Efficiency Asset Turnover (%) 34.2 35.0 26.4 Inventory turnover (times) 49.5 45.0 38.4 Shareholder Dividend per share (cents) 2.0 20.0 20.0 Return Earnings per share (cents) N/A 22.9 22.7 Profitability Return on investment (ROI) (%) N/A 18.8 10.4 Gross margin (%) 35.9 37.8 34.9 Liquidity Working capital (%) 148.8 156.4 212.2 Quick ratios...
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...percentage analysis of the Income statement of ABC Ltd. over a four year period. Year 1 is the base year and equal to 100 Account | Year 1 $ | Year 2 | Year 3 | Year 4 | Sales | 296,700 | 100 | 125 | 150 | Cost of sales | 176,900 | 112 | 130 | 160 | Gross profit | | | | | Selling and distribution profits | 35,600 | 115 | 133 | 162 | Administration and general expenses | 45,900 | 107 | 115 | 123 | Financial expenses | 15,800 | 98 | 96 | 92 | Net profit | | | | | b) Complete the financial figures for all years in the table below. Account | Year 1 $ | Year 2 | Year 3 | Year 4 | Sales | 296,700 | | | | Cost of sales | 176,900 | | | | Gross profit | | | | | Selling and distribution profits | 35,600 | | | | Administration and general expenses | 45,900 | | | | Financial expenses | 15800 | | | | Net profit | | | | | b.) Based on the financial information provided, evaluate the financial performance of ABC Ltd. over the four year period using ratio analysis. Part B of the Assignment: a) The credit manager of ABC Ltd is concerned that the pattern of monthly sales receipts shows credit collection is poor compared to the budget. The sales manager insists the credit manager is to blame. Why might the credit manager be to blame for the deterioration in the credit collection period? b) Explain the different reasons why a manager might submit a budget estimate that is biased. How does a company guard against this...
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...1. E-Trade Vision and Mission Statement. Develop a SWOT analyses. 2.1 Vision Statement E-Trade vision statement is “to empower self-directed investors to make informed investment decisions and take control of their financial future with anytime, anywhere access to the world’s major investment market”. This vision statement presents E-Trade as a company which is oriented to work without any borders-worldwide. Be accessible to all of its clients despite the time zones or working hours. It supports confident, ready to invest investors to take the action by providing them with information and control whenever they want to have it. 2.2 Mission Statement E-TRADE mission statement states that they work “To create long term shareholder value through superior financial performance driven by the delivery of a diversified range of innovative, customer-focused financial products and services and supported by an operating culture based on the highest levels of teamwork, efficiency and integrity” With our words, E-Trade mission statement concentrates on establishing long term relationship with investors and clients by providing them with high level services, using latest technologies to keep up with competitors, coming up with new solutions and new ideas. E-Trade is focusing also to recruit highly educated staff, who are ready to work hard to fulfil client needs, to integrate new ideas into daily actions, to be creative and coming up woth new product and service solutions...
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...Business HNBS 102: Managing Financial Resources and Decisions Student Name Assessor Date issued 29/09/2015 Internal Verifier MUHAMAMD SAJID Task 1 / Task 2 F Khan Task 3 / Task 4 Week 8 Week 14 Assignment title Learning Outcome Corporate finance in decision making Assessment In this assignment you will have the opportunity to Criteria present evidence that shows you are able to: Task no LO1 Understand the sources of finance available to a Business 1.1 identify the sources of finance available to a business 1 1.2 assess the implications of the different sources 1 1.3 1 2.1 evaluate appropriate sources of finance for a business project analyse the costs of different sources of finance 2.2 explain the importance of financial planning 2 2.3 2 2.4 assess the information needs of different decision makers explain the impact of finance on the financial statements 3.1 analyse budgets and make appropriate decisions 3 3.2 explain the calculation of unit costs and make pricing 3 3.3 assess the viability of a project using investment appraisal techniques 3 4.1 discuss the main financial statements 4 4.2 compare appropriate formats of financial statements for different types of business 4 4.3 interpret financial statements using appropriate ratios and comparisons, both internal and external. 4 LO2 Understand the implications of finance as a resource within a business LO3 Be able to make financial decisions based on financial information LO4 Be able...
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...D/502/5409 LEVEL 3 UNIT 30 PURPOSE OF THE UNIT The unit looks at how a range of resources including human, physical, technological and financial resources are used and managed within business. This unit will help the learner to have an understanding of how human resources are managed and of the employability and personal skills required of personnel in an organisation. Learners will gain an understanding of the purpose of managing resources effectively, not only in relation to human resources but also in terms of physical and technological resources. Learners will also gain an understanding of how an organisation can gain access to sources of finance, both internally and externally and be able to interpret financial statements. There are clear links between this unit and many of the other units; it serves as a useful introduction to areas that may be covered in depth in further units. www.ocr.org.uk 2 Business Resources Level 3 Unit 30 ASSESSMENT AND GRADING CRITERIA Learning Outcome (LO) Pass The assessment criteria are the pass requirements for this unit. Merit To achieve a merit the evidence must show that, in addition to the pass criteria, the learner is able to: M1 analyse the recruitment documentation of a selected organisation Distinction To achieve a distinction the evidence must show that, in addition to the pass and merit criteria, the learner is able to: The learner will: 1 Know how human resources are managed The learner can: P1 describe...
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...project is to apply financial statement analysis techniques in a typical (equity) investment decision-making context. You should assume that you are required to make an investment recommendation to a fund manager. The fund manger wishes to add a stock to a diversified portfolio. The investment manager has a strategy of maximizing investor returns over the long term. Consistent with the course objectives, the project is an essential part of the course and aimed at developing your understanding of, and practical skills in financial statement analysis and valuation. It is also designed to enhance teamwork, and analytical and communication skills. To maximize the benefits of the project, you are required to progressively complete the project as the techniques are examined in the course. The project comprises two components: (1) an industry and company analysis, (2) a detailed project report, and Getting Started (Weeks 1-2) By the end of Week 2 you are required to: (1) Form groups of ideally 4 or 5 members. For part-time students who have difficulties in finding common free time for group meetings, groups of 2 or 3 are acceptable. (2) Select a company that is listed on the Australian Securities Exchange (ASX). Your companies must have at least three years of annual reports available – it is your responsibility to pick a company with the required information available); (3) Enroll your group members online through Blackboard. (4) Obtain and commence analysis of the financial reports of your...
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...ATTACHMENT A: GENERIC TRAINING PLAN EY Zimbabwe – 2013 Instructions for completion · This is a generic training plan for ONE hypothetical trainee · All applicants must complete all the sections TRAINING PLAN Elective: Auditing & Assurance Residuals: Taxation Management Decision-Making & Control Financial Management Internal Audit, Risk Management and Governance COMPULSORY SKILLS BUSINESS ETHICS Mode through which competence will be achieved (i.e. practical experience/ simulation Competency to be achieved BE(C) Acts ethically and in accordance with the rules of professional conduct Tasks to be performed BE(C)1 Displays honesty and integrity BE(C)2 BE(C)3 BE(C)4 BE(C)5 BE(C)6 BE(C)7 BE(C)8 Carries out work with a desire to exercise due care Maintains objectivity and independence Avoids conflict of interest Protects the confidentiality of information Maintains and enhances the profession’s reputation Adheres to the rules of professional conduct, including the ICAZ Code of Professional Conduct Identifies and adequately responds to potential ethical dilemmas Examples of activities to be performed by trainees to gain exposure to this competence E&Y Firm values – Our shared values inspire our people worldwide and guide them to do the right thing, and our commitment to quality is embedded in who we are and in everything we do. Our values define who we are · · · People who demonstrate integrity, respect and teaming People with energy, enthusiasm and the courage to lead People who...
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