Marija Nikolic - Finance basics for enterprisers

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Finance basics for enterprisers

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Marija Nikolic - Finance basics for enterprisers

  1. 1. Day I Finance basics for enterprisers In which methods can I finance my future businesses ? Marija Nikolić, cert . ecc
  2. 2. Targets <ul><li>Meeting with methods of financing start up business at Serbia and at world </li></ul>
  3. 3. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request
  4. 4. Finance sources and capital price <ul><li>Owners and borrows finance sources </li></ul><ul><li>Long-term and short-term finance sources </li></ul>
  5. 5. Owners finance sources <ul><li>To find owners finance sources </li></ul><ul><li>One dinar which is invest now - How rate in future- net present value </li></ul><ul><li>At choice of finance methods is important to rank profit from owners c apital and profit from altogether capital </li></ul>
  6. 6. Alternative owners sources <ul><li>To secure resources for acquirement main target we can go gradually </li></ul><ul><li>Example I – If our target is project for production of movables, but we have weak chances for receiving credits, how to get resources ? </li></ul><ul><li>Example II – Market of white ware and others house articles </li></ul>
  7. 7. Long-term finance sources <ul><li>Expire date longer than year . </li></ul><ul><li>That are : </li></ul><ul><ul><li>Ob a veznice </li></ul></ul><ul><ul><li>Stocks </li></ul></ul><ul><ul><li>Credit </li></ul></ul><ul><ul><li>Leasing </li></ul></ul>
  8. 8. Shares <ul><li>Main form of long-term due </li></ul><ul><li>Share is cert . - usually portable </li></ul><ul><li>It contains number of borrow sum, time of reimbursement in future and number agreed interest at agreed time intervals . </li></ul><ul><li>Main attributes : </li></ul><ul><ul><li>Conversion ability ( exchange for agreed number of usually stocks ) </li></ul></ul><ul><ul><li>Cancellation capability ( capability of enterpriser: To buy up and before their finally expire date ). </li></ul></ul><ul><ul><li>Warehouse receipts ( full power for buying usually stocks of company which has carry obveznice). </li></ul></ul>
  9. 9. Share marketing <ul><li>At two methods : </li></ul><ul><ul><li>Directly </li></ul></ul><ul><ul><li>Public </li></ul></ul><ul><li>Directly marketing - immediately sale to one buyer or group of buyers . </li></ul><ul><li>Buyers are big finance institutions - insurance companies and pension funds . </li></ul><ul><li>Public marketing - over investment banks . </li></ul>
  10. 10. STOCKS <ul><li>Can be : </li></ul><ul><ul><li>Preferential stocks </li></ul></ul><ul><ul><li>Usually stocks </li></ul></ul>
  11. 11. Preferential stocks <ul><li>Are making external source of long-term capital . </li></ul><ul><li>They have abilities of shares and usually stocks . </li></ul><ul><li>Preferencijalna dividend is expending from earning after taxation . </li></ul><ul><li>Basic abilities are : </li></ul><ul><ul><li>Case law on yield and tools ( at case of bankruptcy ) </li></ul></ul><ul><ul><li>Nominal value </li></ul></ul><ul><ul><li>Cumulative dividend ( percent or nomina l value ). Right on dividend is not superannuate </li></ul></ul><ul><ul><li>Convertibility ( conversion right in usually stocks ) </li></ul></ul><ul><ul><li>vote </li></ul></ul><ul><ul><li>Participation ( rarely ability ) </li></ul></ul><ul><ul><li>Payment of dividend can be delayed contrary to shares </li></ul></ul><ul><ul><li>Dearly finance source nego share </li></ul></ul><ul><ul><li>Interest at share is paying before taxation , dividend is paying later </li></ul></ul>
  12. 12. Usually stocks <ul><li>Oftenest is working across agent . </li></ul><ul><li>Investments bankers: </li></ul><ul><ul><li>Deployment sale </li></ul></ul><ul><ul><li>Advising clients </li></ul></ul><ul><ul><li>Taking risk to self </li></ul></ul>
  13. 13. 3. CREDIT <ul><li>Business banks </li></ul><ul><li>Fo u nd for deployment </li></ul>
  14. 14. 4. Leasing <ul><li>Specific method for getting basic tools Company is renter for tools </li></ul><ul><li>He is paying in advance agreed number of rent ( charge ) </li></ul><ul><li>Usually there is two leasing types : </li></ul><ul><ul><li>Business leasing </li></ul></ul><ul><ul><li>Finance l easing </li></ul></ul>
  15. 15. Business leasing <ul><li>Arrangement with time line ( usually 4 years ) </li></ul><ul><li>Time line is shorter than anticipated economic tools . </li></ul><ul><li>Clause about cancellation . </li></ul><ul><li>After end of time line of rent , pact can be renewed and tools buy </li></ul>
  16. 16. Finance leasing or capital leasing <ul><li>He is long-term ability . </li></ul><ul><li>It’s not provided cancellation . </li></ul><ul><li>. Renter guarantee and paid upkeep of tools </li></ul><ul><li>Company can same tools sale to l easing company and than take him in rent . </li></ul>
  17. 17. SHORT-TERM FINANCE SOURCES <ul><li>Basic aspects are : </li></ul><ul><ul><li>Providers ( without interest ) </li></ul></ul><ul><ul><li>Credits </li></ul></ul><ul><li>others ( commercial papers , received advance payment , private advances ) </li></ul>
  18. 18. CAPITAL PRICES <ul><li>On offers and requests side of finance tools there are same subjects: </li></ul><ul><ul><li>People </li></ul></ul><ul><ul><li>Economic companies </li></ul></ul><ul><ul><li>State </li></ul></ul>
  19. 19. Finance agents <ul><li>They are connecting offer and request for finance tools .T hat are : </li></ul><ul><ul><li>Commercial banks </li></ul></ul><ul><ul><li>Savings banks </li></ul></ul><ul><ul><li>Savings and credits associations </li></ul></ul><ul><ul><li>Credits unions </li></ul></ul><ul><ul><li>Insurance companies </li></ul></ul><ul><ul><li>Pension funds </li></ul></ul>
  20. 20. Money marketing <ul><li>Is bringing c onta c t offer and request with short-term finance tools . </li></ul>
  21. 21. Capital marketing <ul><li>Capital marketing is created many institutions which enable translations . T hat translations is related on buy and sale long-term negotiable instruments . </li></ul><ul><li>Emission of negotiable instruments is doing by : </li></ul><ul><ul><li>Big companies </li></ul></ul><ul><ul><li>Finance institutions </li></ul></ul><ul><ul><li>State </li></ul></ul><ul><li>Long-term negotiable instruments are obveznice i stocks . </li></ul><ul><li>Capital marketing can b e organized and un organized . </li></ul><ul><li>Organized capital marketing makes change of negotiable instruments . </li></ul>
  22. 22. Finance sources <ul><li>Business banks </li></ul><ul><li>Republic found for deployment </li></ul><ul><li>Regional guaranty found </li></ul><ul><li>Investment found </li></ul>
  23. 23. Day II Finance basics for enterprisers What do I need to know about finance planning for my future business ? Marija Nikolić, cert . ecc
  24. 24. Targets <ul><li>Distinction finance plan and business plan </li></ul><ul><li>How to make investment plan ? </li></ul><ul><li>How to divide charges on fixed and variable ? </li></ul><ul><li>How to count repayment ? </li></ul>
  25. 25. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request
  26. 26. From vision to enterpriser FINANCE PLANNING With finance planning company we can look answers on next questions: How much ’ll be profit, cost and yield? How’ll look situation of property and finance? How to guarantee capability payment of tax ? To we answer on this questions, on access there are tools of planning. Transfer of tools plan Balance plan Liquidity plan
  27. 27. What is finance planning ? <ul><li>Defined targets from business plan is transforming into number . </li></ul><ul><li>He is making us to we occupy about future business idea . </li></ul><ul><li>He is giving possibility of comparing real – planning . </li></ul><ul><li>We can see problems at time – We can instantly taking all countermeasures . </li></ul>
  28. 28. Instruments of finance planning <ul><li>Transfer of tools plan – budget ( profit and loss account ) </li></ul><ul><li>Balance plan ( balance sheet ) </li></ul><ul><li>Liquidity plan </li></ul><ul><li>At planning there are principle – How much is possible to be real and in detail . </li></ul><ul><li>Detail rea l plan of transfer is working for one year . Next 2 - 5 are roughly planning . </li></ul>
  29. 29. Similarity and difference between finance plan and business plan <ul><li>Similarity </li></ul><ul><li>Difference </li></ul>
  30. 30. Charges <ul><li>Yield = Profit – Charges </li></ul><ul><li>How to minimize charges ? </li></ul><ul><li>Charges division on fixed and variable </li></ul>
  31. 31. Fixed charges Their size is not changing subject to volume of work Charges like that in economy of companies are : Charges for amortisation (machine, equipment and work space) Charges for bonus for work of unproduction workers Charges for dues in forums, subscription for magazines Charges warming, illumination and others. Charges kancelarijskog materijala Tariffs , working papers and others. At long-term – all charges are variable.
  32. 32. Variable charges Charges for working material Energy charges ( electric, fuel…) Charges for production workers Charges for article transports Charges for package Tax on products And others .
  33. 33. Assessing of profitability step <ul><li>Profitability chart : </li></ul>
  34. 34. Down profitability barrier
  35. 35. ANALYSIS OF PROFITABILITY STEP <ul><li>Target: </li></ul><ul><li>Analysis of profitability step is instrument for constate level of production / sale with it project will cover fixed and variable charges. It ensign to the small number of profit which project must to earn how will he cover altogether charges, so there is no losses… </li></ul><ul><li>altogether charges from market are same as altogether charges </li></ul><ul><li>Equivalency point from altogether profit and altogether charges is point zero profit and zero charges . In assessing industrial projects , analysis profitability step primarily contaste conserving project . That is helpful contaste instrument which is giving answers on next questions : </li></ul><ul><li>At which productions level project can cover altogether charges ? </li></ul><ul><li>Which is minimal price necessary for product , how will him be tenable on different productions levels ? </li></ul><ul><li>What is going on if finance hypothesis of charges or price is changing? </li></ul><ul><li>Which is the best, the worst and the most probably project scenario? </li></ul><ul><li>Analysis of profitability step is not limited on simple countes at given forms, but analysis become more imaortant if there is complete interpretacion of calculation result. </li></ul>
  36. 36. Example <ul><ul><li>Investment plan for business ide a which I have </li></ul></ul>
  37. 37. FINANCE SOURCES <ul><li>Owners participation : </li></ul><ul><li>Credit </li></ul><ul><li>Altogether </li></ul><ul><li>Market </li></ul><ul><li>acquisitions - domestics , outsiders </li></ul><ul><li>sales – domestics , outsiders </li></ul>
  38. 38. Investment effects : <ul><li>1 Altogether profit </li></ul><ul><li>2 Altogether losses </li></ul><ul><li>3 Yield </li></ul><ul><li>4 Profitability step </li></ul><ul><li>5 Time of backing investments </li></ul><ul><li>6 Number of new workers and structures </li></ul><ul><li>CONCLUISON </li></ul>
  39. 39. Day III Finance basics for enterprisers Which finance reports I must learn to read ? – Part I Marija Nikolić, cert . ecc
  40. 40. Targets <ul><li>How to connect data about my buyers with finance data </li></ul><ul><li>How to make account of production and charges volume </li></ul><ul><li>Understanding three the most important demonstrators of efficacy : earnings , cash i profit s </li></ul><ul><li>4. How to execute cash wais ? </li></ul><ul><li>5. What are effects of deficiency cash ? </li></ul><ul><li>Methods of finding cash </li></ul>
  41. 41. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request
  42. 42. FINANCE REPORTS <ul><li>Balance sheet </li></ul><ul><li>Profit and loss account </li></ul><ul><li>Analysis of money wais </li></ul>
  43. 43. Balance sheet <ul><li>Is finance report which show company business success in some time , and realizations earnings , charges and yield and loss which company have . </li></ul>
  44. 44. profit and loss account
  45. 45. profit and loss account
  46. 46. Why is profit and loss account important ? <ul><li>Analysis of possibility for charges reduction </li></ul><ul><li>Analysis of possibility for increasing earnings </li></ul><ul><li>When we planning earnings i losses we must compare them with other company data from that region . Calculation different raids and coefficients have no effects without comparing with other data . </li></ul><ul><li>Data sources </li></ul>
  47. 47. How to plan profit and loss account ? <ul><li>1 . Market </li></ul><ul><li>Planning article doses for sale toward to market size and competition </li></ul><ul><li>Prospective price rise </li></ul><ul><li>Changing in assortment </li></ul><ul><li>2. Charges for material, tools and third persons jobs </li></ul><ul><li>Proportionally to article numbers </li></ul><ul><li>Deployment of prices at material buying </li></ul><ul><li>Changing in product assortment </li></ul>
  48. 48. <ul><li>3. Rashod za osoblje </li></ul><ul><li>Planning receptions / displacements </li></ul><ul><li>Adaptation earnings </li></ul><ul><li>Enterpriser salary at individuality companies </li></ul><ul><li>Social donation ( mostly there are proportionate with salaries ) </li></ul><ul><li>Charges , education charges , persons looking posters </li></ul><ul><li>4. Rashod za prostorije </li></ul><ul><li>Altogether charges at rent agreement </li></ul><ul><li>Ukoliko it is firm property , cite rent at actuality prices and consider as inflow tools at outsiders inflow </li></ul>
  49. 49. <ul><li>5. Upkeep , fixes , changes, l easing </li></ul><ul><li>Upkeep charges , fixes , changes , leasing for things , machines , AOP tools and others . </li></ul><ul><li>6. Disbursals for cars and transport </li></ul><ul><li>Subscription charges , gas , guaranty , upkeep </li></ul><ul><li>7. Guaranty from damage on things , duties , t ax , approvals </li></ul><ul><li>Guaranty from damage on things , surety , duties , tax and others . </li></ul><ul><li>Can we expect new laws , which can affect on increase duties and taxes ? </li></ul>
  50. 50. <ul><li>8. Disbursals for energ y and removing dregs </li></ul><ul><li>Charges for current , water , removing deperdition , special depertidion </li></ul><ul><li>9. Disbursals za admisnistration and informatics </li></ul><ul><li>Softv a r e , licence, AOP </li></ul><ul><li>Office material , printed things , phone , postage , net taxes </li></ul><ul><li>Booking adjunct , control and advices </li></ul><ul><li>10. Disbursals for propaganda </li></ul><ul><li>Propaganda charges , charges for representation , gifts for clients </li></ul><ul><li>Anniversary shows , bringing in new products </li></ul>
  51. 51. <ul><li>11. Other business Disbursals </li></ul><ul><li>All business disbursals which haven’t mentioned yet </li></ul><ul><li>12. Disbursals for interests / earnings from interests </li></ul><ul><li>Interest on planning claim cretides against balance plan </li></ul><ul><li>Prospective interest rise </li></ul>
  52. 52. <ul><li>13. Amortisation </li></ul><ul><li>Decrement of values elementary resources </li></ul><ul><li>If you in your plan taken in consideration amorti sation for planning investments ? ( compare b alance plan: &quot; Elementary resources &quot;) </li></ul><ul><li>14. Success / outside business profit </li></ul><ul><li>Earnings and profits which haven’t in connection with company performance , example: places ( encumbrance , profits for places , profits for rents ), negotiable instruments ( earnings from interests , realized courset yield ) or profit for tax. </li></ul>
  53. 53. Money wais balance <ul><li>Money wais balance shows cash money wais development at company at accounting period . </li></ul>
  54. 54. Structure of money wais balance <ul><li>1. Cash flow – cash wais from business activity </li></ul><ul><li>Cash inflow at all business activity basics of company: sale of articles and accommodations , inflows at interest basics, dividends,… He isn’t include demand value: sell but don’t paid articles and accommodations </li></ul><ul><li>Cash outflow from paying providers basics, workers for payments, rents, communal services and others. </li></ul>
  55. 55. Structure of money wais balance <ul><li>2. Cash flow – cash wais from capital activity </li></ul><ul><li>Cash inflow from basic from sell of business activity – basic tools, place, or terrain </li></ul><ul><li>Cash outflow from basic of buying fixed activity – basic tools, place, tools, terrain </li></ul>
  56. 56. STRUCTURS BALANCE MONEY FLOWS <ul><li>3. Cash flow – Cash flow from finance activity Incomes from sails or emision long-term financial instruments which one company have: ex. emision of stocks, sale stocks from company, emision Obveznice, debit </li></ul><ul><li>Outcomes from buying long-term financial instruments </li></ul>
  57. 57. <ul><li>Addition of all three cash flows give us net increasing ( decrasing ) of cash during counting period (mostly one year). When that net increasing ( decrasing ) of cash add at cash balance which company had on the end of the last year, there is balance at cash count at the end of latest counting period. </li></ul>
  58. 58. <ul><li>Constantly control and menagment cash is necessary for : </li></ul><ul><li>- liquidity security </li></ul><ul><li>- povećanja rentabilnosti. </li></ul>
  59. 59. What is the point of assembling reports about cash flows ? <ul><li>That gives informations to customers about cash and cash equivalent in p ast so they can to ability of company to make cash and cash equivalent and needs of companies for cash in future . </li></ul>
  60. 60. <ul><li>Which conclusions from reports enterpriser can bring ? </li></ul><ul><li>1. Is it about business activity which gives or request cash outcome </li></ul><ul><li>2. Is it cash spent in business or no-business a ctivities </li></ul><ul><li>3. How to finance defect or to use cash equities </li></ul>
  61. 61. Examle <ul><li>Wash service : AS </li></ul><ul><li>Earnings : 400 din x 3 x 8 = 9.600 dnevno x 30 =288.000 </li></ul><ul><li>Varlance : </li></ul><ul><li>Object rent =24.000 Representation =5.000 </li></ul><ul><li>Water =10.000 Flat tax =5.000 </li></ul><ul><li>Electricity , detergent =30.000 Advertisement =10.000 </li></ul><ul><li>Worker ( gross ) =30.000 </li></ul><ul><li>Taxes =10.000 </li></ul><ul><li>Credit for equipment =24.000 </li></ul><ul><li>Amortisation =5.000 </li></ul>
  62. 62. Altogether sale 288.000 Buying price of sold products 0 Material charges 40.000 Charges ( gross ) 30.000 Rapairs and upkeep, renewal, whiten and others . 10.000 Charges for all marketing types 10.000 Charges connected with drive-park 0 All traveling and representation charges 5.000 Accounting, laws, menagment 0 Rent, ; phone, fax and net ; electricity, water, gas charges 24.000 Property and workers safeguarding 0 Unmovable property taxes 0 Interest charges 4.000 Basic tools amortisation 5.000 Others charges 0 Altogether charges 128.000 Finance charges 0 PDV 5.000 Net incomes 155.000
  63. 63. I V dan Finance basics for enterprisers Which finance report I must learn to read – Part II ? Marija Nikolić, cert . ecc
  64. 64. Targets <ul><li>Structure balance meeting attention </li></ul><ul><li>Count of current assets : recourses , costumers demand and cash </li></ul><ul><li>Operative cycle administer </li></ul>
  65. 65. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request
  66. 66. Finance Report <ul><li>B alance sheet </li></ul>
  67. 67. Balance Sheet <ul><li>Balance sheet is finance report which shows us finance company position in the order moment. It gives us imagination about property and e ngagements of one company, in fact gives us view at company assets and finance sources of those assets. </li></ul><ul><li>Basic accounting equation about balance sheet is: </li></ul><ul><li>Altogether assets = Altogether engagements + Proprietor capital (owners, partners, stockers) </li></ul>
  68. 68. balance sheet
  69. 69. balance sheet
  70. 70. Balance example ASSET Balance day 1.1.2005 LABILITY Business place 200.000 Owners capital 150.000 Cash 50.000 Credits 100.000 250.000 250.000
  71. 71. <ul><li>Assets – Liabilities ? </li></ul><ul><li>ASSET = LIABILITY </li></ul><ul><li>Assets = Duty + Own Capital </li></ul>
  72. 72. Balance Sheet Importance 1 Balance sheet analysis 2 Connecting with profit and loss account
  73. 73. Current assets <ul><li>Necessary current assets count </li></ul><ul><li>Denpedance rentability and risk </li></ul><ul><li>Current assets in altogether business assets </li></ul>
  74. 74. Example Wash service AS Takeover data from yesterday example . Equipment was bought at credit in value of 864.000 din for three years . For security liqudity enterpriser has pay in 50.000 rent for liqudity .
  75. 75. ASSETS 1.0 Current assets (1.1.+…+1.7. ) 50.000 1.1. Assets and equivalents Counter , drawing accaunt , negotiable instruments 50.000 1.2. receivables Number which costumer owns by basic sale 1.3. Resources: raw materials Bought materials 1.4. Resources : work in progress Material charges 1.5. Resources: finished products Finished products which are ready for sale 1.6. Prepayments Rent , security 1.7. Others current assets 2. Basic assets ( 2.1.+ 2.2.+2.3 ) 864.000 2.1. Property Buying property value 2.2. business object Buying object value 2.3. Machines and equipments Buying machines and equipments value 864.000 3. Amortisation Current Assets Amortisation 0 4. Net Value t O.S. (2-3 ) 864.000 5. Altogether Assets ( 1+4 ) 914.000
  76. 76. LIABILITY 6. Short term engagements (6.1.+..+6.5.) 50.000 6.1. Engagements with suppliers Number which owe with suppliers 6.2. Engagements with taxes Taxes on long term payments, Unmovable property, yield 6.3. Engagements by interest Interest which are not paid 6.4. Engagements by short term Capital credit 6.5. Others short term engagements 7. Long term engagements 864.000 7.1. Long term credits Capital credit 864..000 8. Altogether Engagements (6+7 ) 9. Owners capital (9.1.+9.2.+9.3) 0 9.1. Owners capital/ shareholder Owner capital initial 0 9.2. Investment capital New owners capital 9.3. Reinvestment yield Reinvestment yield from past period Altogether LIABILITY (8+9 ) 914.000
  77. 77. V day Finance Basic for enterprisers How can I know should I invest in this business idea ? Marija Nikolić, cert . ecc
  78. 78. Targets <ul><li>worthwhile idea counting </li></ul><ul><li>budgeting </li></ul>
  79. 79. Working plan Day I Day II Day III Day IV Day V In which methods I can finance my future businesses ? What do I need to know about planning finances for my future business ? Which finance reports I must learn to read? – Part I Which finance reports I must learn to read? – Part II How can i know if I pay off to invest in this busieness idea ? 09:00 – 11:00 16:00 – 18:00 Finance help, , subventions , funds, credits, tax loads… Contrast between finance planning and business and why is finance planning important ? Understanding balance sheet and connecting him with course of cash Reading of balance sheet and connect him with profits and loss accounts Counting of adequacy investing in business idea 11:00 – 11:20 18:00 – 18:20 Pause Pause Pause Pause Pause 11:20 – 13:00 18:20 – 20:00 Guest from bank, credit lime Practice: Investments plan for business idea which I have Practice: Analysis of costs ( fixed and variable costs ) Practice: Profit and loss account – prognosis of profit and loss account Course of cash – internal and external motives for defect of cash, effects, methods of finding cash Account of necessary circulating tools Practice: Account of circulating tools Pratcice: Time of ROI , internal rate of profitability , discounting of ROI and net present value Budgeting 13:00 – 13:30 20:00 – 20:30 Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request Automatically advice on request
  80. 80. Conclusion I – IV day Connecting of learned and using of it : Practice method with making tasks by leading way
  81. 81. Practice Time of backing investments , internal rentability step , discouting of time backing investemnts and net now value
  82. 82. Anal ysis Fixed company finance plan
  83. 83. Budžetiranje Vežba: Budžetiranja – provera isplativosti moje ideje : dve vežbe, preduzeće i radnja (grupni rad)

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