...In retrospect, one of the most critical factors that inspired me to seek a career is the quote by Andrew Carnegie, “Anything in life worth having is worth working for.” I incorporated this principle into my individual value system, vowing that I will work with vigor to accomplish life endeavors. My contact with pharmaceutics commenced early, which is because my family owns a non-profit pharmacy where I have worked and volunteered. However, growing up in Bangladesh, a pharmacist was a civilian without any formalized training who owned a pharmacy and sold medication. Hearing about a different concept to pharmacy in 2010, science fair at my university sparked my interest. After that I did a lot of research on this new career and attended open houses for pharmacy school and information seminars. I was completely blown out of my mind regarding the different career options available with a pharmacy degree. Finally I had chance to volunteer at UCI medical center pharmacy and after the first day of volunteering at the pharmacy, I knew this was the career for me. Above all, Pharmacy’s contribution to the society is noble, which I believe should be furthered by young and ambitious individuals. Coming into a new culture characterized by the fast-pace of life in 2005, I struggled to fit in. Through group discussion, hard work, and building on my presentation skills, I was able to attain top marks in Bachelors of Science in Biology at California State University, Long Beach, in 2013. Despite...
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...In my current years of high school, my family was suddenly despaired with debts and credits. As of now, I live with my mother who barely makes a little bit more than minimum wage, tending to my every need. While manifesting in this time of stress, I had taken it upon myself to help my mom financially, even if it meant just paying for the electric or gas bill. Instead of grabbing a drink or watching a movie with my friends, one would find me working in a tutoring center or serving as a barista behind a tea house.While balancing school work, extracurriculars and part time jobs I developed a more conscious and focused mission: to pursue a career where I am able to utilize my abilities in a professional environment. My dedication to all my commitments...
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...The road narrow and crooked is not an easy path as one would expect. The decision to follow through is that of a dribbling ball, bouncing between a hand and the solid ground until choosing a course forward. However, it is not without obstacles and step backs. Thus describes my educational endeavors thus far. My education is a list of many beginnings that merge together developing who I am as person academically and professionally. From career contemplations to taking a nontraditional route, I found a path forwards toward my future. Career contemplations is a persistent reminder since elementary school. Such plans are rarely set in stone. Graduating from middle school laid the first stepping stone towards my future. Scrapping the idea of childhood fantasies of teaching, I became lost and directionless of what field I would most likely succeed in, let alone enjoy. Especially with my grades for certain subjects. Then options outside of regular public school were presented to me. It was only the matter of making the choice to apply, and the lottery system. To go to the local public high school or explore career options at a Career and Technical Academy. This meant leaving behind friends who I had been with for years and the support system that has supported me till that point. It was first major decision that would lead me to the career path I wish to continue with. Many of the Career and Technical Academies near my home had several interesting programs that showed promise of advancing...
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...My father always mentioned to me that man does not live to work. Rather, they work so that they may have the resources to live. In my case, I decided during the summer of my junior year that I would search for any job opportunities so as to gain the resources and experience to live in the world beyond education and schooling. To my disbelief, I found that that world was much more difficult to enter than I had once imagined it to be. I discovered that the hiring process was affected only minimally by school performance and because of that, I found myself without a job, waiting for responses that always ended in a professional denial. In fact, I myself was in denial since I realized that most jobs- even those paying minimum wage- required prior experience that only employment could provide. The logic seemed unbreakable and for a time, I did not know what to do to progress, especially because at the time, I found myself wanting to emulate my parents who worked to support their family at ages quite younger than mine at the time. Fueled by this determination, I soon found myself visiting a small ice cream shop named Marble Slab Creamery asking for employment information and updates at least twice a week until I was called in for an interview. During the interview, the manager and I discussed job specifics rather than job opportunities- in retrospect, I must have visited often enough to fixate myself in his memory. Soon, I found myself with instructions to begin working on Wednesdays...
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...2 Graduate Thesis By Teia R. Merring Copenhagen Business School Strategic and financial analysis and valuation of B&O 0 1 Executive Summary................................................................................2 Introduction............................................................................................6 1.1Motivation.................................................................................................................. 6 1.2Problem Specification................................................................................................ 8 1.3Problem Identification................................................................................................ 8 1.4Problem Handling .................................................................................................... 10 1.5Structure and Methodology...................................................................................... 12 1.5.1Introduction and Presentation........................................................................... 12 1.5.2Strategic Analysis............................................................................................. 12 1.5.3Financial Statement Analysis ........................................................................... 13 1.5.4Prognoses and Budgets..................................................................................... 14 1.5.5Valuation.......................................
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...Australian West Newspaper in order to expand and use their resources efficiently. Secondly, SWM accounting policies and procedures have been analyzed where they showed that the company is following the accounting standards and using their flexibility that was given by the standard in order to measure some accounts in the financial statement. This flexibility was compared to the industry where it has noted that the company is valuing these accounts in a proper way. Thirdly, a financial analysis was also undertaken. It has been understood that the company, though there was a merger, is managing their resources well that resulted to positive book and cash returns. Lastly, the forecasts of the said company, where the analyst has determined the company’s value and the full set of financial statement for 2012, were estimated and calculated intelligently. With the help of the four steps of business analysis, the group has recommended that it is safe to invest to seven west media even if merger has occurred twice in the last three financial year. I. INTRODUCTION In order for a business to stay competitive in the industry, an effective business analysis must be undertaken. This involves gathering variety of data from different sources to be able to make forecasts, trends, strategic and operating improvements, and make wise business decisions to get a better company. This will also...
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...Assignment On Financial Analysis & Control Submitted To: Umme Hanna Airin Ara Acting Head of Finance Department of Business Administration Stamford University Bangladesh Submitted By: Md.Nazmul Hasan ID: BBA 031 11119 BATCH: 31(P) Program: BBA Course Title: Financial Analysis & Control Course Code: FIN- 434 Stamford University Bangladesh Date of submission: 17th November, 2011 The Demand for financial Statement Information: * Introduction Financial statement is the product of a diverse set of demand and supply forces. Financial statement information is needed to facilitate decision making to facilitate the monitoring of management or to interpret contracts or agreement that includes provisions based on such information. Parties demanding financial statement information A. Shareholders, Investors and Security Analysts: Shareholders and other investors of corporation these parties range from individuals with relatively limited resources to large, well endowed institutions such as insurance companies and mutual funds. These decision made by the parties include not only which shares to day retain, or sell, but also the timing of the purchases or sales of those shares. In an investment focus, the emphasis is on choosing a portfolio of securities that is consistent with the preferences of the investor for risk, return, dividend yield, liquidity and so on. In that...
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...Financial analysis Accountancy Financial analysis (also referred to as financial statement analysis or accounting analysis) refers to an assessment of the viability, stability and profitability of a business, sub-business or project. It is performed by professionals who prepare reports using ratios that make use of information taken from financial statements and other reports. These reports are usually presented to top management as one of their bases in making business decisions. Continue or discontinue its main operation or part of its business; Make or purchase certain materials in the manufacture of its product; Acquire or rent/lease certain machineries and equipment in the production of its goods; Issue stocks or negotiate for a bank loan to increase its working capital; Make decisions regarding investing or lending capital; Other decisions that allow management to make an informed selection on various alternatives in the conduct of its business. Financial analysts often assess the firm's: 1. Profitability -its ability to earn income and sustain growth in both short-term and long-term. A company's degree of profitability is usually based on the income statement, which reports on the company's results of operations; 2. Solvency - its ability to pay its obligation to creditors and other third parties in the long-term; 3. Liquidity - its ability to maintain positive cash flow, while satisfying immediate obligations; Both 2 and 3 are based on the company's...
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...and the analysis involved in the process. Please let me know if you have questions or need further information. Yours truly, Brian Smith Enclosure Future analytical approach It is my opinion, that when dealing with future acquisitions, financial and accounting analysis is simply not enough. Therefore, it is my recommendation that an aggregate analytical approach include not just fundamental analysis, but also; corporate culture, synergy and customer analysis. Corporate Culture Analysis Future acquisitions need to carefully examine the morale and culture of the company being sought after. An overly dependent employee base that clings to its President and CEO presents a certain risk in production loss should the CEO exit the firm. As with the acquisition of Bainbridge House, morale dropped and attrition skyrocketed after Mr. Bainbridge’s passing. A high attrition rate and low morale has been shown to negatively affect production and overall efficiency. Therefore, a careful analysis needs to identify the independence and competitiveness of company employees. Synergy Analysis It is not enough to purchase a company based on fundamentals alone. If the company cultures of your firm and the firm being acquired are incompatible, valuable time will be lost looking for personnel replacements. Incompatibilities arise when the two companies have completely different goals and visions. As such, I recommend analyzing the takeover target’s mission statement, managerial...
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... : Monday 2:30 pm to 6:30 pm Role and Purpose This subject aims to introduce an analytical framework for carrying out business analysis and valuation by using financial statements for valuing different kind of businesses. It contributes to the achievement of the BBA Programme Outcomes by enabling students to identify and resolve ethical issues contained in the financial statements (Outcome 4), apply basic accounting and financial theories to analyze financial reports and to identify potential problems and risks (Outcome 7). By the end of this subject, students will become a professional user of financial statements to advance further into the field of business valuation as investment analysis. It requires students to present and communicate effectively in English for general business communication (Outcome 1). Learning Outcomes Upon completion of the subject, students will be able to: a. Develop the ability to critically assess a firm’s financial condition through analyzing financial statements; b. Apply analytical tools to make forecasts and value firms and projects using different valuation techniques; in certain business context such as credit analysis and equity valuation. c. Evaluate and compare corporate valuation decision in specific contexts such as securities analysis, credit assessment...
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...Introduction: Financial Statement Analysis is used by interested parties such as inventors, creditors, and management to evaluate the past, current and projected condition and performance of the firm. Its analysis helps user make better desiccations. Ration analysis is the most common form of financial analysis. It provides relative measures of the firm’s conditions and performance. Horizontal analysis and Vertical analysis are also popular forms. Horizontal analysis is used to evaluate the trend in the accounts over the years, while vertical analysis, also called a common size Financial Statement discloses the internal structure of the firm. It indicates the existing relationship between sales and each income statement account. It shows the mix of assets debt that produces income and the mix of the sources of capital, where by current or long-term debt of by equity funding. Financial Statement Analysis prepared for the internal auditors, Many different financial measures are used to analyze financial statements and rank the performance of competing investment opportunities, including growth in sales, return to stockholders, profit margin, and return on equity. These are just four possible measures considered and evaluated by investors and creditors. Financial statements presented in various formats to help facilitate analysis. A classified set of financial statements groups items with similar characteristics together. Groupings include categories such as current assets; property...
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...Business Analysis and Valuation Report Prepared By: Version # Updated on ------------------------------------------------- Acknowledgments ------------------------------------------------- If applicable, include acknowledgement to contributing individuals: ------------------------------------------------- ------------------------------------------------- Analyst’s Name | Number | E-Mail Address | | | | Document Name | | Date Created | | Milestone 1 date submitted | | Milestone 2 date submitted | | Milestone 3 date submitted | | Finalization date | | | | | | | | REPORT VERSION RECORD The Business Analysis and Valuation Report is a managed document with tracking of versions, changes, and release dates for each of the three milestones. Version Name | Version Number | Date | Author(s) Name(s) | Change Description | | | | | Document created | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Milestone versions of the report are issued including the complete document with the sections completed to date to reflect the work to date by the analyst team. The milestone versions of the document are authorized for release only after the analyst’s signature has been obtained. Milestone 1 PREPARED: DATE:___/___/___ (for acceptance) (, signature) POSITION: ___ Milestone 2 PREPARED: DATE:___/___/___ ...
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...Spring 2014 T TH Financial Analysis and Management Dr. Kamal M. Haddad COURSE OBJECTIVES Fin 423 is designed to develop critical thinking at the individual level, and problem solving competencies at both the individual and group levels. Teamwork and group problem solving are stressed. The course provides a thorough overview of financial analysis, including relevant modern theory and practical applications. Topics include financial statement analysis, financial planning, principles of valuation, capital budgeting, capital structure, and issues in financial policy. The course gives students opportunities to apply financial theory to analyze real life situations in an uncertain environment with an incomplete data set. It is integrative in nature, with special attention to the integration of theory and managerial judgment in the process of making financial decisions. BSBA Goals BSBA students will graduate being Effective Communicators, Critical Thinkers, Able to Analyze Ethical Problems, Global in their perspective, and Knowledgeable about the essentials of business. This class contributes to those goals through its student learning outcomes. LEARNING OBJECTIVES * Use Financial Statements to evaluate firm performance. * Project Financial Statements (B/S, I/S, budgets, etc.). * Use Financial Statements to obtain Cash Flows for the firm and...
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... Merck’s Business Environment There are many factors a business, such as Merck, must have in order to be successful, for example strong financial statements, leading technology, and globalization. With the help of income statements, balance sheets, and cash flow statements, a financial analysis can be applied in a wide variety of situations to give business managers the information they need to make critical decisions (Financial Analysis, 2010). They also provide information in regards to the financial health of a company. Pharmaceutical companies are using technology to conduct clinical trials, which has proven to be beneficial to research, development, and the introduction of new products. Globalization is also important for Merck when it comes to product distribution. Outsourcing was been adopted by Merck in order to produce equal quality vaccines and medications at a cheaper cost. Review of Finances Analyzing a company’s income statement, balance sheet, and cash flow is a prime way in determining their success. A comparison can be made between the competition in the industry and a leader can be established. An analysis can also show which company is spending more on research and development and in turn, producing better products. After review of the income statements, Merck’s worldwide sales were $12 billion for the third quarter this year, an increase of 8 percent compared with the third quarter of 2010 (Newsroom, 2010). This revenue...
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...Project: Part V Instructions Common Sized Statements and Trend Analysis on WALMART Stores Inc. The tenth tab in your Financial Statement Analysis Template must be labeled Common Sized Balance SheetsThe eleventh tab in your Financial Statement Analysis Template must be labeled Common Sized Income StatementsThe twelfth tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Balance SheetsThe thirteenth tab in your Financial Statement Analysis Template must be labeled Horizontal Analysis of Income StatementsInclude the latest three years for the common sized (vertical analysis) and horizontal analysis in Tabs 10–13. *PLEASE WORK OFF OF ATTACHED EXCEL SPREADSHEET. When you open the document, you will see that there are already 9 tabs. Follow the instructions above. You will need to add 4 more tabs labeled appropriately with the above titles (see instructions). Please save the work and send it back to me. PART 2: - Use WORD to complete this part COMPARITIVE ANALYSIS REPORT. - WALMART Examine common sized financial statements and ratios for the company you selected for the Excel project and two of its competitors. Write a 1000-word report in current APA format. Include the following in your report: Compare and contrast the selected company, its competitors, and industry averages Identify the selected company’s strengths and weaknesses and examine the implications for financial statement analysis and future projections. Compute ROA and ROCE...
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