This document provides an overview of financial management concepts from a business textbook. It discusses the importance of financial management, identifying short- and long-term financial needs, and summarizing the financial planning process. Short-term financing options like trade credit, promissory notes, and bank loans are examined. Long-term financing through stock sales and retained earnings is also summarized. The document aims to teach students key aspects of obtaining and utilizing financing.
Corporate India - Distress Resolution Solutions Sumedha Fiscal
The Indian Banking scenario is going through unprecedented times with stressed loan portfolio. The portfolio of all Banks put together is more than 7 lakh crore which is > 10% of total advances and there is an apprehension that there could be significant additions too.
Realizing the problem RBI has come out with many changes and schemes to tackle such stressed accounts.
Here are come of the distress resolution solutions that you can look into.
SOURCES OF LONG TERM FINANCE & RAISING LONG TERM FINANCEKailash Naghera
This document discusses various long-term sources of finance for businesses including equity shares, internal accruals, preference shares, term loans, debentures, and venture capital. It provides details on each type of financing such as their characteristics, benefits, and risks. The key long-term sources of finance mentioned are equity shares, retained earnings, debentures, and term loans. The document also explains the process of raising finance through initial public offerings, rights issues, and private placements.
This document summarizes the history and regulations around non-banking financial companies (NBFCs) and notified entities in Pakistan. It discusses how NBFCs were divided and regulated in 2002-2007. Key points include:
- NBFCs were divided and regulated by different bodies like SECP and SBP. The NBFC and Notified Entities Regulations of 2007 consolidated regulation of these entities.
- The regulations define NBFCs and notified entities and set rules around their establishment, operations, minimum capital requirements, investment limits, exposure limits, and other operational conditions.
- Additional provisions are outlined for specific types of NBFC business like leasing, investment finance services, housing finance, venture capital investment
The document discusses various sources of finance for new businesses, including owner's funds, friends and family, bank loans, overdrafts, initial public offerings, retained profits, business angels, venture capitalists, government grants and loans, Islamic finance instruments, and how much capital is needed for non-current and current assets. It provides details on the advantages and disadvantages of different sources of finance like bank loans, overdrafts, leasing, hire purchase, and retained profits. It also discusses factors to consider when determining how much capital is required at different stages of a business.
This document provides an overview of non-banking financial companies (NBFCs) in India. It defines NBFCs and distinguishes them from banks. It outlines the registration process for NBFCs and classifications of NBFCs. The document also discusses why NBFCs are important for the Indian financial system, highlights of the NBFC sector, compliance requirements, and recent regulatory changes aimed to bring parity between NBFCs and banks. Suggestions are provided such as opening new avenues of fund raising to reduce NBFCs' reliance on deposits and giving systemically important NBFCs coverage under the SARFAESI Act. In conclusion, the document states that the challenge is for NBFCs to grow pr
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that engages in financial activities like lending, investing, and acquiring financial assets, but does not accept demand deposits. Key points about NBFCs are that they cannot accept demand deposits or offer the deposit insurance available to banks. If an NBFC defaults on deposits, depositors can seek legal recourse through consumer forums or civil suits. Regulations require NBFCs to have a minimum net worth to accept public deposits and prescribe ceiling interest rates and disclosure requirements.
A Non Banking Financial Company (NBFC) is a company registered under the Companies Act that engages in financial activities like lending, but does not have a banking license. NBFCs cannot accept demand deposits or issue cheques. They must register with the Reserve Bank of India and are regulated differently than banks. NBFCs are classified into categories like Asset Finance Companies, Investment Companies, and Loan Companies. NBFCs can accept public deposits if authorized by RBI and if they meet minimum capital requirements. There are also regulations around interest rates, gifts/incentives, and disclosures for deposits accepted by NBFCs.
An Asset finance company which is a financial institution engaged in the principal business of financing of physical asset or movable assets and other economic activity such as Bus, Car , tractors , lathe machines, generator sets & manufacturing machine
An Assets finance company also provides short term working capital loan against against receivables, inventory i.e.
Assets finance company must generate 60% of its revenue from the aggregate of physical assets supporting the economic activity is not less than 60% of its total assets and total income respectively
Assets finance can be either deposit taking NBFC or non deposit taking NBFC
Assets finance can be registered with RBI with minimum net owned fund Rs. 200 Lakh
Corporate India - Distress Resolution Solutions Sumedha Fiscal
The Indian Banking scenario is going through unprecedented times with stressed loan portfolio. The portfolio of all Banks put together is more than 7 lakh crore which is > 10% of total advances and there is an apprehension that there could be significant additions too.
Realizing the problem RBI has come out with many changes and schemes to tackle such stressed accounts.
Here are come of the distress resolution solutions that you can look into.
SOURCES OF LONG TERM FINANCE & RAISING LONG TERM FINANCEKailash Naghera
This document discusses various long-term sources of finance for businesses including equity shares, internal accruals, preference shares, term loans, debentures, and venture capital. It provides details on each type of financing such as their characteristics, benefits, and risks. The key long-term sources of finance mentioned are equity shares, retained earnings, debentures, and term loans. The document also explains the process of raising finance through initial public offerings, rights issues, and private placements.
This document summarizes the history and regulations around non-banking financial companies (NBFCs) and notified entities in Pakistan. It discusses how NBFCs were divided and regulated in 2002-2007. Key points include:
- NBFCs were divided and regulated by different bodies like SECP and SBP. The NBFC and Notified Entities Regulations of 2007 consolidated regulation of these entities.
- The regulations define NBFCs and notified entities and set rules around their establishment, operations, minimum capital requirements, investment limits, exposure limits, and other operational conditions.
- Additional provisions are outlined for specific types of NBFC business like leasing, investment finance services, housing finance, venture capital investment
The document discusses various sources of finance for new businesses, including owner's funds, friends and family, bank loans, overdrafts, initial public offerings, retained profits, business angels, venture capitalists, government grants and loans, Islamic finance instruments, and how much capital is needed for non-current and current assets. It provides details on the advantages and disadvantages of different sources of finance like bank loans, overdrafts, leasing, hire purchase, and retained profits. It also discusses factors to consider when determining how much capital is required at different stages of a business.
This document provides an overview of non-banking financial companies (NBFCs) in India. It defines NBFCs and distinguishes them from banks. It outlines the registration process for NBFCs and classifications of NBFCs. The document also discusses why NBFCs are important for the Indian financial system, highlights of the NBFC sector, compliance requirements, and recent regulatory changes aimed to bring parity between NBFCs and banks. Suggestions are provided such as opening new avenues of fund raising to reduce NBFCs' reliance on deposits and giving systemically important NBFCs coverage under the SARFAESI Act. In conclusion, the document states that the challenge is for NBFCs to grow pr
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that engages in financial activities like lending, investing, and acquiring financial assets, but does not accept demand deposits. Key points about NBFCs are that they cannot accept demand deposits or offer the deposit insurance available to banks. If an NBFC defaults on deposits, depositors can seek legal recourse through consumer forums or civil suits. Regulations require NBFCs to have a minimum net worth to accept public deposits and prescribe ceiling interest rates and disclosure requirements.
A Non Banking Financial Company (NBFC) is a company registered under the Companies Act that engages in financial activities like lending, but does not have a banking license. NBFCs cannot accept demand deposits or issue cheques. They must register with the Reserve Bank of India and are regulated differently than banks. NBFCs are classified into categories like Asset Finance Companies, Investment Companies, and Loan Companies. NBFCs can accept public deposits if authorized by RBI and if they meet minimum capital requirements. There are also regulations around interest rates, gifts/incentives, and disclosures for deposits accepted by NBFCs.
An Asset finance company which is a financial institution engaged in the principal business of financing of physical asset or movable assets and other economic activity such as Bus, Car , tractors , lathe machines, generator sets & manufacturing machine
An Assets finance company also provides short term working capital loan against against receivables, inventory i.e.
Assets finance company must generate 60% of its revenue from the aggregate of physical assets supporting the economic activity is not less than 60% of its total assets and total income respectively
Assets finance can be either deposit taking NBFC or non deposit taking NBFC
Assets finance can be registered with RBI with minimum net owned fund Rs. 200 Lakh
The Reserve Bank of India regulates and supervises Non-Banking Financial Companies. The objectives are to ensure healthy growth, ensure they function as part of the financial system within policy frameworks, and maintain high quality supervision. This document provides clarification on regulatory changes and operational matters for NBFCs, the public, and other stakeholders through a question and answer format. Key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques, and deposit insurance is not available for NBFC depositors. Registration with RBI is mandatory for NBFCs, and there are requirements around minimum net owned funds, application process, and classifications of different types of NBFCs.
This document provides information on non-banking finance companies (NBFCs) in India, including their classification and types. It discusses how NBFCs are classified into different categories based on whether they accept public deposits and their principal business activities. Some key NBFC categories mentioned include asset finance companies, investment companies, loan companies, infrastructure finance companies, and microfinance institutions. The document also briefly outlines the regulations for mutual benefit finance companies and the leasing and hire purchase services that can be provided by NBFCs.
A legal perspective on VC financing in the United States. Article published by Majda Barazzutti, senior counsel of Valla & Associates law firm with offices in the San Francisco Bay Area and New York.
This document outlines an NBFC's new business plans, target markets, loan products, and loan approval process. It discusses several loan products like secured loans, unsecured loans, transport loans, gold loans, loans against property, and consumer durable loans. It identifies target markets like small businesses, government employees, and retail traders. It also describes the loan approval process, criteria for sanctioning loans, recovery procedures, interest rates, and expected business outputs over the next six months. The document provides details on the NBFC's various loan products and services to potential customers.
This document provides a summary of Non-Banking Financial Companies (NBFCs) in India. It defines what an NBFC is, outlines the key types of NBFCs such as asset finance companies, loan companies, investment companies, and microfinance institutions. It also describes important NBFC concepts like capital adequacy requirements, classification of assets, and the regulations applicable to different categories of NBFCs. The document is intended to serve as a quick guide to NBFCs in India.
The document discusses non-banking financial companies (NBFCs) in India. It defines NBFCs as financial institutions that are registered under the Companies Act and engage in financial activities like lending but do not hold banking licenses. NBFCs play important roles like providing credit to sectors that banks may neglect, generating employment, and financing economically weaker sections. The document outlines the regulatory framework for NBFCs, including requirements for registration with the Reserve Bank of India, rules around accepting public deposits, and prudential norms on liquidity and reporting.
This document discusses non-banking financial companies (NBFCs) in India. It defines NBFCs as financial institutions that provide banking services without a banking license. It classifies NBFCs based on their business activities and lists their major products. It then summarizes the financial performance of the NBFC sector from 2009-2010, noting growth in various areas. Finally, it discusses the future prospects of NBFCs and their importance in the Indian financial system.
This document outlines the checklist and compliance requirements for non-banking financial companies in India as per the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. It defines key terms related to income recognition, classification of assets, and accounting standards. It also provides guidance on classifying investments as current or long-term and the process for inter-class transfers.
This document provides an overview of venture capital financing in India. It defines venture capital as money provided by outside investors to finance new, growing, or troubled businesses in exchange for equity. It then discusses the various stages of venture capital funding including early stage, expansion, and acquisition/buyout financing. The rest of the document outlines the venture capital investment process, including deal origination, screening, evaluation, deal structuring, post-investment activities, and exit planning. It also provides examples of venture capital funding deals in India and lists the top 5 early stage venture capital firms in the country.
NBFC - Non Banking Financial Company/ Non Banking Financial Corporation are companies registered under the Companies Act, 1956
Engaged in the business of
- loans and advances
-acquisition of shares
-stocks
-bonds
-debentures
-securities
but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of Loans , Advances, Acquisition of shares/stock/bonds/debentures/ securities issued by Government or local authority or other securities of like marketable nature, Leasing, Hire-purchase, Insurance business, Chit business.
A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
NBFCs are non-banking financial institutions that are registered under the Companies Act and engage in financial activities like lending but do not hold bank accounts. They differ from banks in that they cannot accept demand deposits or issue checks. This document discusses the role of NBFCs, their regulation by the RBI, types of NBFCs, requirements for accepting public deposits, and recourse for depositors if an NBFC defaults. It provides definitions of key terms like "deposit" and explains rules around NBFC ratings, interest rates, and downgrading of credit ratings.
The document discusses non-banking financial companies (NBFCs) in India. It notes that NBFCs are financial institutions registered under the Companies Act of 1956 that primarily engage in lending and accepting deposits. Unlike banks, NBFCs cannot accept demand deposits or issue checks. The document outlines the different types of NBFCs including equipment leasing companies, hire purchase companies, loan companies, investment companies, and infrastructure finance companies. It provides examples of NBFCs and discusses their key functions like providing loans and advances, acquiring shares, leasing, insurance, and hire purchasing.
The document provides an overview of the legal and regulatory framework for non-banking financial companies (NBFCs) in India. Some key points:
- NBFCs must be registered with the Reserve Bank of India and have a minimum net owned fund of Rs. 200 lakhs to commence business.
- They are classified as deposit-taking or non-deposit taking and systemically important NBFCs must meet additional regulatory requirements.
- NBFCs are subject to prudential norms on capital adequacy, income recognition, asset classification, provisioning, concentration of credit, and reporting.
- A core investment company is an NBFC that holds at least 90% of its assets as
NBFCs are non-banking institutions that are registered under the Companies Act and engaged in financial activities like lending, but not agriculture or real estate. They perform important financial intermediation and supplement banking. The RBI regulates different types of NBFCs under various acts and directions. To operate, an NBFC must register with the RBI and maintain a minimum net owned fund of Rs. 200 lakh. NBFCs are subject to prudential norms on income recognition, asset classification, provisioning, and capital adequacy set by the RBI.
NBFCs and Urban Co-operative Banks play an important role in India's financial sector by fulfilling gaps in demand and supply of services. NBFCs are regulated by RBI and must meet capitalization, accounting, and lending standards. Urban Co-operative Banks are registered under state cooperative laws and regulated by RBI and state governments, facing challenges from this dual regulation. Both provide important financial access but also face risks from poor governance and management in some cases.
Checklist for Auditors certificate to NBFCAmit Kumar
The document outlines the reporting requirements for auditors of non-banking financial companies in India, specifying that auditors must report on matters such as the company's registration, classification, public deposit holdings, capital adequacy ratios, and compliance with RBI regulations; if any issues are identified, the auditor must provide reasoning; and exception reports on unfavorable statements or non-compliance must be submitted to the DNBS.
This document discusses the importance of finance for startups and the various sources of finance available. It notes that while personal sources from the entrepreneur are very important initially, startups often struggle to raise funds until more established. The main sources of finance discussed are internal sources like founder capital, retained profits, and friends/family money as well as external sources such as bank loans, angel investors, venture capital, trade credit, and issuing shares or debentures. Specific personal sources explored include using cash/investments, re-mortgaging property, credit cards, and working for free initially. The document provides an overview of each type of funding source.
Alternative Investment Fund Regulation 2011Karthik Deep
The proposed SEBI AIF regulation aims to regulate alternative investment funds in India while allowing qualified investors access to alternative assets. It defines high net worth individuals, sets minimum investment amounts, and categorizes different investment strategies. The regulation imposes reporting requirements on funds related to risks, conflicts of interest, financial statements, and investments. It also clarifies tax treatment and ensures harmonization with other regulations to provide a consistent framework for alternative investments while protecting retail investors.
Another commonent funds. Finance and econoAna Fiena
Another common example is the lump sum required for retirement. To solve this example we need
to determine the amount of retirement income desired by the individual. This would be an annuity
due We need to determine the number of periods for which this payment is to be received. We
need to estimate his life expectancy. During this period his retirement fund will also be able to earn
interest or a rate of return from the retirement funds.
For example, let us say the individual desires an income (annuity due) of 50,000 a year. Let us say
he expects his life expectancy to be 25 years from his retirement. His investment rate of return is
8%p.a. How much must he accumulate for his retirement?
This document provides an overview of financial management and short-term financing options. It begins with learning objectives about the role of financial managers, the financial planning process, and sources of short-term and long-term financing. It then discusses key needs for operational funds in firms and different types of short-term financing available, including trade credit, promissory notes, and loans from commercial banks.
The Reserve Bank of India regulates and supervises Non-Banking Financial Companies. The objectives are to ensure healthy growth, ensure they function as part of the financial system within policy frameworks, and maintain high quality supervision. This document provides clarification on regulatory changes and operational matters for NBFCs, the public, and other stakeholders through a question and answer format. Key differences between banks and NBFCs are that NBFCs cannot accept demand deposits or issue cheques, and deposit insurance is not available for NBFC depositors. Registration with RBI is mandatory for NBFCs, and there are requirements around minimum net owned funds, application process, and classifications of different types of NBFCs.
This document provides information on non-banking finance companies (NBFCs) in India, including their classification and types. It discusses how NBFCs are classified into different categories based on whether they accept public deposits and their principal business activities. Some key NBFC categories mentioned include asset finance companies, investment companies, loan companies, infrastructure finance companies, and microfinance institutions. The document also briefly outlines the regulations for mutual benefit finance companies and the leasing and hire purchase services that can be provided by NBFCs.
A legal perspective on VC financing in the United States. Article published by Majda Barazzutti, senior counsel of Valla & Associates law firm with offices in the San Francisco Bay Area and New York.
This document outlines an NBFC's new business plans, target markets, loan products, and loan approval process. It discusses several loan products like secured loans, unsecured loans, transport loans, gold loans, loans against property, and consumer durable loans. It identifies target markets like small businesses, government employees, and retail traders. It also describes the loan approval process, criteria for sanctioning loans, recovery procedures, interest rates, and expected business outputs over the next six months. The document provides details on the NBFC's various loan products and services to potential customers.
This document provides a summary of Non-Banking Financial Companies (NBFCs) in India. It defines what an NBFC is, outlines the key types of NBFCs such as asset finance companies, loan companies, investment companies, and microfinance institutions. It also describes important NBFC concepts like capital adequacy requirements, classification of assets, and the regulations applicable to different categories of NBFCs. The document is intended to serve as a quick guide to NBFCs in India.
The document discusses non-banking financial companies (NBFCs) in India. It defines NBFCs as financial institutions that are registered under the Companies Act and engage in financial activities like lending but do not hold banking licenses. NBFCs play important roles like providing credit to sectors that banks may neglect, generating employment, and financing economically weaker sections. The document outlines the regulatory framework for NBFCs, including requirements for registration with the Reserve Bank of India, rules around accepting public deposits, and prudential norms on liquidity and reporting.
This document discusses non-banking financial companies (NBFCs) in India. It defines NBFCs as financial institutions that provide banking services without a banking license. It classifies NBFCs based on their business activities and lists their major products. It then summarizes the financial performance of the NBFC sector from 2009-2010, noting growth in various areas. Finally, it discusses the future prospects of NBFCs and their importance in the Indian financial system.
This document outlines the checklist and compliance requirements for non-banking financial companies in India as per the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions. It defines key terms related to income recognition, classification of assets, and accounting standards. It also provides guidance on classifying investments as current or long-term and the process for inter-class transfers.
This document provides an overview of venture capital financing in India. It defines venture capital as money provided by outside investors to finance new, growing, or troubled businesses in exchange for equity. It then discusses the various stages of venture capital funding including early stage, expansion, and acquisition/buyout financing. The rest of the document outlines the venture capital investment process, including deal origination, screening, evaluation, deal structuring, post-investment activities, and exit planning. It also provides examples of venture capital funding deals in India and lists the top 5 early stage venture capital firms in the country.
NBFC - Non Banking Financial Company/ Non Banking Financial Corporation are companies registered under the Companies Act, 1956
Engaged in the business of
- loans and advances
-acquisition of shares
-stocks
-bonds
-debentures
-securities
but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of Loans , Advances, Acquisition of shares/stock/bonds/debentures/ securities issued by Government or local authority or other securities of like marketable nature, Leasing, Hire-purchase, Insurance business, Chit business.
A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
NBFCs are non-banking financial institutions that are registered under the Companies Act and engage in financial activities like lending but do not hold bank accounts. They differ from banks in that they cannot accept demand deposits or issue checks. This document discusses the role of NBFCs, their regulation by the RBI, types of NBFCs, requirements for accepting public deposits, and recourse for depositors if an NBFC defaults. It provides definitions of key terms like "deposit" and explains rules around NBFC ratings, interest rates, and downgrading of credit ratings.
The document discusses non-banking financial companies (NBFCs) in India. It notes that NBFCs are financial institutions registered under the Companies Act of 1956 that primarily engage in lending and accepting deposits. Unlike banks, NBFCs cannot accept demand deposits or issue checks. The document outlines the different types of NBFCs including equipment leasing companies, hire purchase companies, loan companies, investment companies, and infrastructure finance companies. It provides examples of NBFCs and discusses their key functions like providing loans and advances, acquiring shares, leasing, insurance, and hire purchasing.
The document provides an overview of the legal and regulatory framework for non-banking financial companies (NBFCs) in India. Some key points:
- NBFCs must be registered with the Reserve Bank of India and have a minimum net owned fund of Rs. 200 lakhs to commence business.
- They are classified as deposit-taking or non-deposit taking and systemically important NBFCs must meet additional regulatory requirements.
- NBFCs are subject to prudential norms on capital adequacy, income recognition, asset classification, provisioning, concentration of credit, and reporting.
- A core investment company is an NBFC that holds at least 90% of its assets as
NBFCs are non-banking institutions that are registered under the Companies Act and engaged in financial activities like lending, but not agriculture or real estate. They perform important financial intermediation and supplement banking. The RBI regulates different types of NBFCs under various acts and directions. To operate, an NBFC must register with the RBI and maintain a minimum net owned fund of Rs. 200 lakh. NBFCs are subject to prudential norms on income recognition, asset classification, provisioning, and capital adequacy set by the RBI.
NBFCs and Urban Co-operative Banks play an important role in India's financial sector by fulfilling gaps in demand and supply of services. NBFCs are regulated by RBI and must meet capitalization, accounting, and lending standards. Urban Co-operative Banks are registered under state cooperative laws and regulated by RBI and state governments, facing challenges from this dual regulation. Both provide important financial access but also face risks from poor governance and management in some cases.
Checklist for Auditors certificate to NBFCAmit Kumar
The document outlines the reporting requirements for auditors of non-banking financial companies in India, specifying that auditors must report on matters such as the company's registration, classification, public deposit holdings, capital adequacy ratios, and compliance with RBI regulations; if any issues are identified, the auditor must provide reasoning; and exception reports on unfavorable statements or non-compliance must be submitted to the DNBS.
This document discusses the importance of finance for startups and the various sources of finance available. It notes that while personal sources from the entrepreneur are very important initially, startups often struggle to raise funds until more established. The main sources of finance discussed are internal sources like founder capital, retained profits, and friends/family money as well as external sources such as bank loans, angel investors, venture capital, trade credit, and issuing shares or debentures. Specific personal sources explored include using cash/investments, re-mortgaging property, credit cards, and working for free initially. The document provides an overview of each type of funding source.
Alternative Investment Fund Regulation 2011Karthik Deep
The proposed SEBI AIF regulation aims to regulate alternative investment funds in India while allowing qualified investors access to alternative assets. It defines high net worth individuals, sets minimum investment amounts, and categorizes different investment strategies. The regulation imposes reporting requirements on funds related to risks, conflicts of interest, financial statements, and investments. It also clarifies tax treatment and ensures harmonization with other regulations to provide a consistent framework for alternative investments while protecting retail investors.
Another commonent funds. Finance and econoAna Fiena
Another common example is the lump sum required for retirement. To solve this example we need
to determine the amount of retirement income desired by the individual. This would be an annuity
due We need to determine the number of periods for which this payment is to be received. We
need to estimate his life expectancy. During this period his retirement fund will also be able to earn
interest or a rate of return from the retirement funds.
For example, let us say the individual desires an income (annuity due) of 50,000 a year. Let us say
he expects his life expectancy to be 25 years from his retirement. His investment rate of return is
8%p.a. How much must he accumulate for his retirement?
This document provides an overview of financial management and short-term financing options. It begins with learning objectives about the role of financial managers, the financial planning process, and sources of short-term and long-term financing. It then discusses key needs for operational funds in firms and different types of short-term financing available, including trade credit, promissory notes, and loans from commercial banks.
Refinance for Business Explained - Shire LeasingShire Leasing
Refinancing involves using business assets like equipment, vehicles, and property to raise working capital. It is best done when planning business growth, acquisitions, new assets, or releasing equity. Proper preparation includes understanding timelines, costs, exit fees, and ensuring new facilities support business plans short and long term. A clear business plan outlining future objectives and finances makes refinancing simpler by demonstrating the need and use of funds to lenders. Independent advice can help evaluate if current facilities are suitable or if refinancing with a new lender would be preferable.
The KPI - Cash Flow Modeling and Projections (Series: MBA Shortcut) Financial Poise
You can chase a lot of financial measures of your business, but nothing stacks up to cash flow. Like a boat captain on a rough sea, being able to see what is coming at you financially is absolutely invaluable.
Cash flow models are the absolute go-to tool for reviewing companies in distress, yet they are also invaluable to venture capitalist who must manage long range investments as well as fast growth. This webinar discusses the basic components of a cash flow model, why it is weekly and not monthly and why 13 weeks is the usual length. This webinar also discusses what type of data is best for making an efficient and practical cash flow model, as well as best practices for reporting and pitfalls associated with modeling and balance roll forwards.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/cash-flow-modeling-2019/
Working Capital ManagementAlternative Working Capital Policies.docxambersalomon88660
The document discusses working capital management topics like cash management, inventory and accounts receivable management, trade credit, and bank loans. It provides definitions of working capital terms and analyzes the working capital ratios of a company called SKI. It evaluates if SKI is holding excessive cash, inventory, and receivables. It also discusses cash budgeting and how SKI could improve its cash position by tightening credit policies and reducing inventory and receivables without hurting sales.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/merchant-cash-advance/
Financing through a merchant cash advance (MCA) is used mostly by companies that accepted credit and debit cards for most of their sales, typically retailers and restaurants. The concept is this: funder purchases a portion of the company’s future credit card receivables for a discounted lump sum. The MCA funder receives the purchased credit card receivables as they are generated either by taking a percentage of the company’s daily credit card proceeds or by debiting a certain amount of funds from the company’s bank account. Depending on the risk profile of the company, it can be a more expensive form of financing for a business compared to other types of financing. This webinar explains the nuts and bolts of MCA financing, its pros, and its cons. It explores the documentation that is necessary to enter into such an arrangement, including how to negotiate that documentation.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/factoring/
A simple way to think about factoring is to think of it as a company selling its invoices or accounts receivable (A/R) to a third party. It is not that simple, however, thus the purpose of this webinar. A factor makes a profit by buying A/R for less than 100% of its face amount. Companies that transact with factors are often cash-strapped. A factor will typically advance most of an invoice amount – usually between 70% - 90%. When the invoice is paid, the factor will remit the balance the company, less a transaction fee. This arrangement allows a company to get cash much faster than it would if it waited to be paid pursuant to the terms of its invoices (i.e. often 30 days) and even faster if its customer fails to pay within terms. This webinar discusses various common types of factoring arrangements; how to negotiate a factoring agreement; and alternatives to consider before deciding to factor.
This document discusses scaling up an enterprise through growth, finance, and governance. It notes that once a prototype is launched, key priorities are achieving product/market fit, growing human resources and decision-making capacity, and securing finance. The presentation provides a roadmap for scaling up, including practical tools and methods for different aspects of scaling, and outlines common pitfalls. It also introduces the speaker, Philip Ammerman, and his background working with startups, private equity, and innovative firms.
Small Business Management Chapter 11 PowerPointLeahBusby1
This document summarizes key points about financial forecasting. It discusses how to develop pro forma financial statements to project a firm's profits, assets, financing needs, and cash flows. Specific techniques are covered, like forecasting profitability using an income statement, determining asset requirements as a percentage of sales, and calculating financing needs based on assets and debt ratios. Worked examples are provided to illustrate how to apply these techniques when developing pro forma statements for a sample company. The goal of financial forecasting is accurate planning to ensure a firm has adequate resources and manages growth effectively.
Applying cash flow management strategies part 1 score 12-2-19 final 11-25-19ChloePastorelli
This document outlines topics that will be covered in a two-part presentation on applying cash flow management strategies. Part I will discuss profit versus cash flow, cash flow cycles, key ratios like leverage and debt service coverage, income statements, balance sheets, and statements of cash flow. Part II will cover creating business plans and projections, debt structure strategies, criteria lenders consider, and presenting loan requests to lenders. The document provides definitions and strategies for managing inventory, accounts receivable, accounts payable, liquidity, and reasons why businesses often fail.
The document provides an overview of corporate finance and the first chapter of a textbook on the subject. It defines corporate finance as addressing three key questions: what investments a firm should engage in, how to raise money for investments, and how much cash flow is needed. It also describes different forms of business organization, the goals of corporations to maximize shareholder wealth, and financial markets.
This document discusses sources of funds for businesses. It describes internal sources like retained earnings and depreciation, as well as external sources like share capital, loan capital, overdrafts, leasing, and trade credit. Long-term sources include share capital in the form of ordinary, preference, and deferred shares, as well as debt like debentures and mortgages. Short-term sources are those under one year, such as overdrafts, credit cards, and trade credit. The choice of funds depends on costs, use, business size and status, financial situation, and gearing level.
Alternative Structures - PO Financing, Factoring & MCA (Series: Business Borr...Financial Poise
Purchase-order financing (P/O financing) is a type of asset-based loan designed to extend credit to a company that needs cash quickly, to fill a customer order. A company may operate with such a small amount of working capital that it cannot afford to pay the cost of producing a customer’s order. P/O financing enables such a company to not turn away business, by borrowing from a lender using the purchase order itself as collateral to support a loan.
Factoring is one of the oldest forms of business financing. Note that the term is “financing” rather than “loan” because factoring is not actually a loan. In a typical factoring arrangement, the company needing financing makes a sale, delivers the product or service and generates an invoice. The factor (the funding source) then purchases the right to collect on that invoice by agreeing to pay the company in need of financing the amount of the invoice minus a discount.
MCA lending is, in summary, an advance on a company’s sales. Financing through a merchant cash advance (MCA) is used mostly by companies that accept credit and debit cards for most of their sales, typically retailers and restaurants. The concept is this: funder purchases a portion of the company’s future credit card receivables for a discounted lump sum. The MCA funder receives the purchased credit card receivables as they are generated either by taking a percentage of the company’s daily credit card proceeds or by debiting a certain amount of funds from the company’s bank account. Depending on the risk profile of the company, it can be a more expensive form of financing for a business compared to other types of financing.
What these three things have in common is that they are each a type of “alternative lending.” Alternative to what? To the type of loan a company can get from a “regulated” commercial bank. This webinar explains these types of financing arrangements, what to consider before entering into them, and provides some tips on how to negotiate them.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/alternative-structures-po-financing-factoring-mca-2021/
The newsletter provides updates on the news, activities, and events of Emirates Chartered Accountants Group. It thanks readers for their support in successfully completing the group's first year of circulating the newsletter. The current volume reaches readers during Ramadan.
One article discusses the challenges small and medium enterprises (SMEs) in the UAE face in obtaining bank financing, with banks lending only 4% of total lending to SMEs compared to double digits in developed countries. Another article describes the increasing bilateral trade relationship between India and the UAE.
Need capital to start, grow and manage your business, we provide loans in the form of short term loans and long term loans, check your ability to get a loan by bank loan rating and credit score check. Get complete information about the Syndication & Funding right from Term Loans to Unsecured Loans and the Process.
The document discusses preparing for a business loan request. It covers assessing personal finances and understanding credit scores. The 5 C's of credit - character, capacity, capital, conditions and collateral - are important for lenders to evaluate creditworthiness. Both short term financing like lines of credit and long term financing like real estate loans are described. Choosing the right banking partner and maintaining a successful relationship is key to taking advantage of financing opportunities. Financial statements and tax returns are typically required for a loan review.
September 2011 - Michigan Pre-Seed Capital Fund and Microloan Update Brown Ba...AnnArborSPARK
Join Ann Arbor SPARK for an update on the Michigan Pre-Seed Capital Fund and Microloan programs from Senior Vice President, Skip Simms. The update will include details concerning eligibility, tips for a positive outcome as well as a process overview and timeline.
This document provides an overview of financial management concepts including the financial goals of profit and wealth maximization. It discusses the finance functions of investment, financing, and dividend decisions. The costs of capital such as cost of debt, preferred stock, equity, and retained earnings are explained. The document also covers topics such as the scope of financial management decisions, organization of the finance function, financial planning process, sources of funds, and concepts of financing decisions, capitalization, capital structure, and financial structure. Determinants that influence a company's capital structure are also outlined.
This document provides an overview of short term and long term business financing options, including popular SBA loans. It discusses the importance of assessing personal and business creditworthiness using the 5 C's framework. Business owners are advised to prepare financial documents like tax returns and balance sheets when applying for loans. Maintaining a strong relationship with a banking partner is also emphasized.
Similar to Chapter 16 mastering financial managementpridehugheskapoor, (20)
This presentation provides an overview of gender identity and the transgender community. It begins with key definitions such as gender identity, transgender, and cisgender. It then discusses the importance of self-acceptance for transgender individuals and the role of support groups. Major challenges faced by the transgender community are outlined, including discrimination, violence, and lack of access to healthcare and other resources. Health issues like higher rates of suicide and substance abuse are also summarized. Finally, several solutions are presented, such as improving education, healthcare training, advocacy, and implementing inclusive policies to reduce stigma and discrimination.
Discussion a interview yourself—or, better yet, have someone intenand15
The document provides instructions for two discussion prompts. Discussion A instructs students to interview themselves or have a classmate interview them about their life using similar questions to those in the provided text. Students are then asked to identify potential essay topics from the interview. Discussion B prompts students to describe a new product and indicate if it is an improvement on an existing product line. Students are asked if they think the product will be successful and why. The document also provides a policy writing assignment on developing a 3-5 page policy brief advocating for tougher background check requirements to address gun violence.
Discussion 1. explain why it is important that software productnand15
The document discusses three topics related to agile software development: 1) Why it is important to develop and deliver software quickly and why unfinished products may be delivered with plans for new versions, 2) Why the product owner role is essential for a Scrum team and how student projects can replicate this role, 3) Why software systems need agile design and what agile means. It then assigns three topics: 1) Why software testing should be incremental, 2) Writing non-functional requirements for a drone system's safety and response time, 3) Developing use cases for an ATM system based on experience using ATMs.
Directed patrol and proactive policing for this assignment, you wnand15
Directed patrol and proactive policing involve different law enforcement strategies. The document instructs the reader to write a 2-3 page paper discussing: 1) What directed patrol and proactive policing are, 2) Their differences, and 3) A current issue associated with each and a commentary on the selected issues. References from at least 3 sources are required, with 2 being academic sources in addition to course materials. The paper must follow formatting standards and include a title page and reference page.
Details distribution, posting, or copying of this pdf is stnand15
The document describes four stages of evolution for the design of health care organizations. Stage 1 is characterized by a fragmented system with autonomous physicians and organizations. Stage 2 sees the formation of referral networks and multidisciplinary teams. Stage 3 incorporates more patient-centered care, greater use of teams, and modest use of information technology. Stage 4, described as the vision for the 21st century, aims to fully redesign care processes around patient needs with state-of-the-art use of information and a coordinated, integrated delivery system. The document recommends workshops to help organizations progress toward this Stage 4 model.
Describe your ethnic, racial, and cultural background.african amnand15
The document summarizes the respondent's ethnic and cultural background. The respondent is an African American male from Houston, Texas who represents Generation X. His ancestors were brought to the U.S. as slaves and came from Camden, Arkansas and Houston, Texas. His ancestors experienced racism and unfair laws preventing people of color from owning property or having equal rights. While progress has been made over time, minorities still face struggles. Adapting to life in the U.S. was difficult for his ancestors, who were not allowed to read/write. The respondent experienced racism in the military by being overlooked. Celebrations like Juneteenth honor the abolition of slavery in Texas and freedom of Black culture.
Data location fooddécorservicesummated ratingcoded locationcostcity2nand15
This document appears to contain data and information related to regression analysis. It includes a dataset with variables like location, food, décor, service, and ratings. It also includes information on how to check for a linear relationship between variables using scatter plots, correlation values, and regression analysis in Excel. Examples are provided on interpreting Excel outputs including the intercept, slope, R-squared value, standard error, and creating a regression line plot.
This document contains files and metadata related to an assignment for an online health information systems course. The assignment involves critically reflecting on readings from the course textbook and applying the concepts to a healthcare setting. Students are asked to write a paper summarizing their understanding of the readings, analyzing how specific topics could be applied, and concluding with thoughts on the impact. The document provides detailed guidelines, learning objectives, and rubrics for evaluating the assignment.
Data id agesexemployededucation_levelannual_incomeweightheightsmnand15
This document contains data on 150 individuals including their age, sex, employment status, education level, annual income, weight, height, and smoking status. The key at the bottom explains that the education levels are 1) less than high school, 2) graduated high school, 3) graduated college. It also provides the units for annual income (US dollars), weight (pounds), and height (inches). This raw data could potentially be used for statistical analysis but no analysis is described.
Data sheet activity genetics all content is copyright protectenand15
This document contains instructions and questions for an activity involving genetics and Mendelian inheritance using virtual "baby bugs". Students are asked to complete Punnett squares and calculate expected genotypes and phenotypes for baby bugs based on different parental combinations. They then conduct multiple simulated breeding experiments to track actual results, compare to expectations, and observe how bug populations change over time under different conditions, such as breeding preferences or lack thereof. The goal is to explore basic genetics concepts like dominance, inheritance patterns, and how populations may evolve in different scenarios.
This document provides a template for writing a data analysis and application (DAA) report. It outlines the typical sections of a DAA, including an introduction, description of the data, testing of statistical assumptions, research questions and hypotheses, interpretation of results, and conclusions. Sections cover describing variables and sample size, pasting and interpreting SPSS output, stating hypotheses and significance level. The template emphasizes proper APA style formatting of tables, figures, and references.
Dargeangrix business scenario dargean grix, inc. is a fictnand15
DargeanGrix is an international venture capital firm that relies heavily on video conferencing technology to conduct meetings with potential investments and manage their portfolio. They currently use disparate and unreliable video conferencing equipment that causes frequent issues and low quality experiences. This has negatively impacted productivity during meetings and customer satisfaction. DargeanGrix's goals are to implement a new video conferencing solution to improve the user experience, reduce troubleshooting time, and increase the effectiveness of their remote meetings.
Costco, walmart want ag control by alan guebert manand15
This summary provides the key details from the document in 3 sentences or less:
Costco and Walmart have vertically integrated their supply chains for certain food products by contracting directly with farmers to produce milk and chickens. Both retailers have eliminated middlemen and now control production, quality, pricing, and profits for these products. If successful, these new integrated models could see more large retailers directly contracting with farmers for other commodities.
This introduction provides a historical overview of early Chinat
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resence in America in the 16th century when Chinese seamen tr
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nese immigration to California during the Gold Rush era in the
mid-19th century led to the establishment of the oldest Chinato
wn in North America in San Francisco. It describes the growth
and development of San Francisco Chinatown in the early 20th
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Henry Healthcare went on a tour of St. Antonio's Hospital HIM department. The director, Jane Doe, gave a tour and explained the flow of medical records from discharge through permanent storage. Key steps included assembly, analysis, coding, and storage. Henry found the tour enlightening and looks forward to learning more about HIM job duties.
Consider what you learned about art therapy in the beginning of thisnand15
This document asks the reader to consider if graffiti could be a form of art therapy. It prompts the reader to write at least a one paragraph response from either a psychological, sociological, or anthropological perspective stating if they think graffiti is a form of art therapy and why or why not from the chosen perspective. The reader is asked to state which social scientific perspective they have chosen.
Complete the answer for 1 and 2 in the text box.be constructive annand15
This document asks two questions. The first question asks whether an employee or manager would feel more comfortable with a non-retaliation policy in place, and why or why not. The second question asks what communication tools, in addition to meetings, a healthcare leader would use, suggesting regular team emails and newsletters as examples.
Company information acct 370 excel projectjohnson & johnsoncompany nand15
Johnson & Johnson is a large pharmaceutical, medical device, and consumer goods company. It offers a wide range of products including pharmaceuticals, medical devices, and consumer health products. Its major competitors include Pfizer, Merck, Procter & Gamble, and Bristol-Myers Squibb. The documents provide income statements, balance sheets, and cash flow statements for Johnson & Johnson for 2018, 2017, and 2016.
College of administrative and financial sciences assignment 1nand15
This document provides instructions for Assignment 1 for the course Risk Management. It informs students that the deadline for submission is February 21, 2021 at 23:59. It must be submitted in Word format on Blackboard and cannot be submitted via email. Students are advised to present their work clearly and fill in their cover page information. They must mention the question number for each answer and late submissions will not be accepted. Plagiarism will result in zero marks and submissions without the cover page will also not be accepted. The assignment questions ask students to highlight the important points of the three Basel Accords and discuss if Basel III is sufficient to prevent another financial crisis, in under 1000 words.
College of administrative and financial sciences assignmenand15
The document provides instructions for a human resource management assignment. It includes details such as the deadline, course information, submission instructions, learning outcomes, and assignment questions. Students are asked to read a case study about a manufacturing company called Mike INC. and answer three questions related to issues employees may have, suggestions for employers, and whether the organization follows ethics. The assignment is to be completed individually.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
Assessment and Planning in Educational technology.pptxKavitha Krishnan
In an education system, it is understood that assessment is only for the students, but on the other hand, the Assessment of teachers is also an important aspect of the education system that ensures teachers are providing high-quality instruction to students. The assessment process can be used to provide feedback and support for professional development, to inform decisions about teacher retention or promotion, or to evaluate teacher effectiveness for accountability purposes.
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.