equivalent of scorecards that break down a business’s financial wins and losses during the specified period.” Although there are numerous types of statements that would have financial information reported, there are, there are four standard types of records that are used. The purpose for this paper is to differentiate between the four financial statements and determine which statements would be beneficial to investors, creditors, and the organization. Balance Sheet A balance sheet consists
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GLOSSARY OF FINANCIAL TERMS Absorption costing A costing approach in which all manufacturing costs are charged to the product. | Absorption-cost pricing An approach to pricing that defines the cost base as the manufacturing cost; it excludes both variable and fixed selling and administrative costs. | Accelerated-depreciation method Depreciation method that produces higher depreciation expense in the early years than in the later years. | | Account A record of increases and decreases in
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CAPITAL 12 4.1 Why should Intellectual Capital be measured? 12 4.2 Why is intellectual capitalso hard to measure? 12 4.3 Methods for measuring intellectual capital 13 5. INTELLECTUAL CAPITAL REPORTING FRAMEWORKS 14 5.1 Balanced Scorecard 14 5.2 Intangible Assets Monitor (IAM) 14 5.3 Skandia Value Scheme (SVS) 15 5.4 Challenges in reporting intellectual capital 15 5.5 Challenges in disclosure of intellectual capital 16 6. VALUATION OF INTELLECTUAL CAPITAL 17 6
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the accounting period. Managers are also widely concerned with the financial ratios. First the ratios provide indicators of how well the company and its business units are performing. Some of these ratios would ordinarily be used in a balanced scorecard approach. The specific ratios selected depend on the company's strategy. For example a company that wants to emphasize responsiveness to customers may closely monitor the inventory turnover ratio. Since managers must report to shareholders and may
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Abstract Financial assessment provides management with the ability to make critical business decisions for their organization; this involves examining existing data to gain insight on the current and future condition of their organization through the balance sheet, income statement. In the book, What Every Manager Should Know about Financial Analysis, Alan Donahue states “The inability to understand and deal with financial data is a severe handicap in the corporate world”, which seems fitting to mention
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Q.1 How is RI (EVA) analysis carried out? Explain advantages and disadvantages. Ans. The EVA method is based on the past performance of the corporate enterprise. The underlying economic principle in this method is to determine whether the firm is earning a higher rate of return on the entire invested funds than the cost of such funds (measured in terms of weighted average cost of capital, WACC). If the answer is positive, the firm’s management is adding to the shareholders value by earning extra
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Differentiation: undertake to set its products, services and brands apart from those of its competitors. Focus: concentrates its resources on entering or expanding in a narrow market or industry segment. 3.4) Q: What are the 3 key components of a balance sheet? A: assets, liabilities and owner’s equity 3.6) Q: Discuss how logistics decisions affect net profit margin in an organization. A: They are affected by sales, costs of goods sold, and total expenses. 3.8) Q: Discuss some of the
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Supply Chain Final cumulative balanced scorecard ending with Quarter 4 is below. Cumulative industry results for last four quarters ending in quarter: 4 | | Minimum | Maximum | Average | House Personal Computer | Total Overall | 0.00 | 749.39 | 17.00 | 0.00 | Financial Performance | -73.50 | 211.50 | 13.68 | -22.62 | Market Performance | 0.00 | 0.65 | 0.16 | 0.32 | Marketing Effectiveness | 0.00 | 0.82 | 0.33 | 0.62 | Investment in Future | 0.00 | 468.30 | 1.44 | 1.46 | Wealth
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Management, Control & Accountability for Financial Resources INTRODUCTION The purpose of this paper is to identify the information needs of the internal and external stakeholders in a manufacturing concern and how they can be met. All stakeholders of a firm require different types of information to help them in the decision making process. The top management which comprises of the Chief executive officer and the board of director require information pertaining to the finances of the firm, the
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Personal Budget, Balance Sheet, and Cash Flow Statement ACC/547 Memorandum To: Mr. From: Mr. Subject: Personal Budget, Balance Sheet, and Cash Flow Date: Thank you for providing the details required to assist you in developing a comprehensive budget for successfully managing your personal finances and planning in advance for the future. As you have seen, our process of developing this plan for effective day to day management of financial activities required an in depth review of your
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