Financial Risk is mainly Operation Risk

1. Financial Risk Management for Manufacturing By Cheung Hon Wan & Dick Lam 20 th December 2008, Hong Kong

2. Financial Crisis

5. Gordon Brown, 23 November 2008 I'll give help when you need it CUT VAT by 2.5 per cent to encourage consumer spending. INCREASE the state pension by between £4 and £5 a week. INTRODUCE temporary tax cuts for low-income families, who are more likely to spend and give the economy a boost. CANCEL planned tax rises on cars and small businesses and cuts in tax allowances. INCREASE spending on schools, hospitals and transport projects. The rescue will increase national debt to record levels, with Britain set to borrow up to £120 billion a year by 2011. Taxpayers already spend over £300 a year EACH just on the interest on national debt.

9. Business takes risks, Need to master the risks

15. What “finance 財務” means ？

16. Relationship between Financial System and Financial Reports

17. NOW Know the Present, Know what you “really” have

18. Balance Sheet 負債 資產 固定 流動 流動 長期 資本 股本 At a particular time 盈餘 營業額 銷售成本 毛利 銷售費用 管理費用 營業利潤 財務費用 稅前利潤 所得稅 稅後利潤 股息 本年保留利潤

19. Balance Sheet 負債 資產 固定 流動 流動 長期 資本 股本 盈餘 平衡點

20. Balance Sheet 固定 流動 設備 廠房 商譽 銀行結餘 應收帳款 存貨 投資 Assets

21. Balance Sheet 固定 流動 設備 廠房 商譽 銀行結餘 應收帳款 存貨 投資 Assets 自我控制 資產隨時可以 增值或縮水

23. Balance Sheet 固定 流動 設備 廠房 商譽 銀行結餘 應收帳款 存貨 投資 資產 自我控制

26. PAST

27. Profit & Loss A/C For a period of times 營業額 銷售成本 毛利 銷售費用 管理費用 營業利潤 財務費用 稅前利潤 所得稅 稅後利潤 股息 本年保留利潤

28. Profit & Loss A/C 公司整體表現 Overall company performance 營業額 銷售成本 毛利 銷售費用

32. The third report 現金流量表 Cash Flow Statement 现金 CASH 利润 PROFIT =====

33. The Future Cash Flow Statement 現金流量表 晚點再討論 賒銷 信貸 credit 估算 Forecast

35. People we face 供應商 supplier 員工 staff 客戶 Customer

36. 弗洛依德 (Sigmund Freud 1856-1939) 〔奧地利精神病學家〕 本我 超我 自我 意識 潛意識 前意識

37. Decision & Behavior Model 他人經歷 Others experience 本身經歷 Self experience 自身體驗 Self feeling 預估結果 Expected result 實際結果 Actual result 行為 behavior What made me earn money in the past?

38. Risk Nature How much risk are you willing to take?

40. Pause for Discussion

59. New Project Evaluation …..

64. Pause for Discussion

66. Cash Cycle

67. Cashflow template Sweet lemon; Sour grape!?

68. Weekly cashflow forecast

70. Pause for Discussion

73. Control Make your people happy so that they can make your customer happier

84. Pause for Discussion

92. Business takes risks, But measurement risks