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Materi Kuliah Analisis laporan keuangan. Semoga bisa berkembang menjadi ALK syariah di masa depan

Materi Kuliah Analisis laporan keuangan. Semoga bisa berkembang menjadi ALK syariah di masa depan

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  • 1. Dipersiapkan untuk mata kuliah STIE Husnayain
  • 2. “Evaluation of a firms financialApa itu statements in order to assess the firms worth and its ability to meetAnalisis its financial obligations”LaporanKeuangan? “an assessment of the viability, stability and profitability of a business, sub- business or project”
  • 3. Business AnalysisEvaluate Evaluate RisksProspects Business Decision Makers Equity investors Creditors Managers Merger and Acquisition Analysts External Auditors Directors Regulators Employees & Unions Lawyers
  • 4. Information Sources Quantitative QualitativeFinancial Statements Management discussion & Analysis Industry Statistics Chairperson’s Letter Press ReleasesEconomic Indicators Financial press Regulatory filings Vision/Mission Statement Trade reports Web sites
  • 5. Kapan 1 • Pemilik Danadigunakan? • Intermediaries 2 • Pihak yang membutuhkan 3
  • 6. Credit Analysis Equity AnalysisManagement & Control Labor Negotiations Types of Business Director OversightRegulation Analysis Financial External Auditing Management Mergers, Acquisitions & Divestitures
  • 7. Credit Analysis Trade Non-trade Creditors Creditors Provide Provide Bear risk of Bear risk of goods or major default default services financing Usually UsuallyMost short- Most long- implicit explicit term term interest interest
  • 8. Credit AnalysisCredit worthiness: Ability to honor credit obligations (downside risk) Liquidity Solvency Ability to meet short- Ability to meet long- term obligations term obligations Focus: Focus: Current cash flows Long-term Make up of current assets and liabilities profitability Liquidity of assets Capital structure
  • 9. Equity AnalysisAssessment of downside risk and upside potential Technical analysis / Fundamental Analysis Charting Determine Intrinsic value Patterns in price or without reference to volume history of a price stock Analyze and interpret key factors Predict future price movements Economy Industry Company
  • 10. Business Environment & Strategy Analysis Industry Strategy Analysis Analysis Financial Analysis AnalysisAccounting of cash Prospective Analysis flows Risk Analysis Profitability Analysis Analysis Cost of Capital Estimate Intrinsic Value
  • 11. Accounting Analysis Process to evaluate and adjust financial statements to better reflect economic realityComparability problems — across firms and across time Manager estimation errorDistortion problems Earnings management Accounting Risk Accounting Standards
  • 12. Financial Analysis Process to evaluate financial position and performance using financial statementsProfitability analysis — Evaluate return on investments Common toolsRisk analysis ——— Evaluate riskiness & creditworthiness Cash Ratio flow analysis analysisAnalysis of — Evaluate source &cash flows deployment of funds
  • 13. Prospective AnalysisProcess to forecast future payoffs Business Environment & Strategy Analysis Accounting Analysis Financial Analysis Intrinsic Value
  • 14. Dynamics of Business Activities Business Activities Time Beginning of period Investing Financing Planning Operating PlanningInvesting Financing End of period
  • 15. Business Activities Competition Pricing Market demands Tactics Planning Activities: Distribution Goals Promotion & Objectives ProjectionsManagerial performance Opportunities Obstacles
  • 16. Business Activities PlanningInvesting Activities FinancialActivities Activities Operating Activities Revenues and expenses from providing goods and services
  • 17. Financial Statements Reflect Business Activities Planning Investing FinancingCurrent: Operating Current:• Cash • Notes Payable • Sales • Accounts Payable• Accounts Receivable • Cost of Goods Sold• Inventories • Salaries Payable • Selling Expense• Marketable Securities • Income Tax Payable • Administrative ExpenseNoncurrent: Noncurrent: • Interest Expense• Land, Buildings, & • Income Tax Expense • Bonds Payable Equipment • Common Stock• Patents • Retained Earnings Net Income• Investments Liabilities & Equity Income statement Assets Cash Flow Balance Sheet Balance Sheet Statement of Statement of Cash Flows Shareholders’ Equity
  • 18. Apa Bedanyadengan ALKKonvensional?
  • 19. Tipe RasioLeverage Liquidity Operating Profitability
  • 20. Laporan Laba Neraca; Rugi; LaporanLaporan Arus Perubahan Kas; Ekuitas; Laporan LaporanSumber dan Sumber danPenggunaan PenggunaanDana Zakat; Dana Kebajikan;