The document discusses the analysis of financial statements. It provides an introduction to financial statement analysis, explaining that it allows users to gauge a company's past and projected future performance. It then covers various tools for financial statement analysis, including comparative statements, common size statements, trend analysis, and ratio analysis. The document also discusses the objectives and significance of financial statement analysis for different users including managers, investors, and the public.
Corporate finance is an area of finance dealing with financial decisions business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks. Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
Class assignment on an introduction to corporate finance which includes the following topics-
1. What is corporate finance?
2. Finance in the organizational structure of a firm
2.1 organization of finance function
2.2 financial manager
3. Finance functions
3.1 executive finance function
3.2 routine finance function
4. Goals of corporate finance
4.1 profit maximization
4.2 limitations of profit maximization
4.3 wealth maximization
4.4 limitations of wealth maximization
5. Corporate finance and related disciplines
5.1 relationship with economics
5.2 relationship with accounting
5.3 relationship with mathematics
6. The agency problem
6.1 agency
6.2 agency problems between shareholders and managers
6.3 resolving conflicts between shareholders and managers
6.4 agency problems between shareholders and creditors
6.5 resolving conflicts between shareholders and creditors
7. Development of corporate finance
Hope you guys find it helpful.
Corporate finance is an area of finance dealing with financial decisions business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while managing the firm's financial risks. Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
Class assignment on an introduction to corporate finance which includes the following topics-
1. What is corporate finance?
2. Finance in the organizational structure of a firm
2.1 organization of finance function
2.2 financial manager
3. Finance functions
3.1 executive finance function
3.2 routine finance function
4. Goals of corporate finance
4.1 profit maximization
4.2 limitations of profit maximization
4.3 wealth maximization
4.4 limitations of wealth maximization
5. Corporate finance and related disciplines
5.1 relationship with economics
5.2 relationship with accounting
5.3 relationship with mathematics
6. The agency problem
6.1 agency
6.2 agency problems between shareholders and managers
6.3 resolving conflicts between shareholders and managers
6.4 agency problems between shareholders and creditors
6.5 resolving conflicts between shareholders and creditors
7. Development of corporate finance
Hope you guys find it helpful.
Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations and the actions that managers take to increase the value of the firm to the shareholders, as well as the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
Fundamental of Corporate Finance, chapter 1Yin Sokheng
The objective of the course is to provide an understanding of both the theory of corporate finance fundamentals and how it applies to the “real” world. The main focus of this course is on the corporate financial manger and how he/she reaches decisions. We will cover many issues that are important to a modern financial manager including various advance topics in corporate finance fundamentals such as the essential concepts and understanding of the uses of financial statements and cash flows, ratio analysis, financial planning and growth, time value of money, bonds and stocks valuation, and project valuation.
Corporate finance is the area of finance dealing with the sources of funding and the capital structure of corporations and the actions that managers take to increase the value of the firm to the shareholders, as well as the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize shareholder value. Although it is in principle different from managerial finance which studies the financial management of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.
Fundamental of Corporate Finance, chapter 1Yin Sokheng
The objective of the course is to provide an understanding of both the theory of corporate finance fundamentals and how it applies to the “real” world. The main focus of this course is on the corporate financial manger and how he/she reaches decisions. We will cover many issues that are important to a modern financial manager including various advance topics in corporate finance fundamentals such as the essential concepts and understanding of the uses of financial statements and cash flows, ratio analysis, financial planning and growth, time value of money, bonds and stocks valuation, and project valuation.
Fundamental Analysis is defined as “researching the fundamentals”, that doesn’t convey the whole in the absence of knowledge about what fundamentals are. The big problem with defining fundamentals is that it can include anything related to the economic well being of a company. Thus, fundamentals include everything from a company’s market share to the quality of its management
Fundamental analysis is the cornerstone of investing. In fact, some would say that you aren't really investing if you aren't performing fundamental analysis. Because the subject is so broad, however, it's tough to know where to start. There are an endless number of investment strategies that are very different from each other, yet almost all use the fundamentals.
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
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when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
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@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
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2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
Corporate Finance
1. Name : Muhammad Asad Siddiqui
Student ID : 59523
Subject : Corporate Finance
Class : MBA (Fall-2016 Evening)
Project Topic Name : “ANALYSIS OF FINANCIAL STATEMENTS”
2. INTRODUCTION TO ANALYSIS OF FINANCIAL STATEMENTS
Financial Statement Analysis is a method of reviewing and analyzing a company’s
accounting reports (financial statements) in order to gauge its past, present or projected
future performance. This process of reviewing the financial statements allows for better
economic decision making.
The main purpose of financial statement analysis is to utilize information about the
past performance of the company in order to predict how it will fare in the future.
Another important purpose of the analysis of financial statements is to identify
potential problem areas and troubleshoot.
3. MEANING OF ANALYSIS OF FINANCIAL STATEMENTS
The process of critical evaluation of the financial information contained in the financial
statements in order to understand and make decisions regarding the operations of the firm
is called ‘Financial Statement Analysis.”
The term ‘financial analysis’ includes both ‘analysis and interpretation’.
The term analysis means simplification of financial data. Interpretation means explaining
the meaning and significance of the data.
Analysis is useless without interpretation, and interpretation without analysis is difficult
or even impossible.
4. NEED OF FINANCIAL STATEMENTS ANALYSIS
Prepare
Financial
Statements
Analyze
Financial
Statements
Gather
Financial
Statements
Make
Decisions
Implement
5. SIGNIFICANCE OF ANALYSIS OF FINANCIAL STATEMENTS
Financial analysis is the process of identifying the financial strengths and weaknesses of
the firm by properly establishing relationships between the various items of the balance
sheet and the statement of profit and loss.
Financial analysis is useful and significant to different users in the following ways:
•Finance Manager.
•Top Management.
•Investors.
•Employees.
•Customers.
•General Public.
•Others
6. OBJECTIVES OF ANALYSIS OF FINANCIAL STATEMENTS
•To assess the current profitability and operational efficiency of the firm as to judge the
financial health of the firm.
• To ascertain the relative importance of different components of the financial position of
the firm.
• To identify the reasons for change in the profitability/financial position of the firm.
• To judge the ability of the firm to repay its debt and assessing the short-term as well as
the long-term liquidity position of the firm.
7. METHODS OF ANALYSIS OF FINANCIAL STATEMENTS
We have two methods here:
•Horizontal Analysis.
•Vertical Analysis
8. TOOLS OF ANALYSIS OF FINANCIAL STATEMENTS
Here you have major tools mentioned below:
•Comparative Statements.
•Common Size Statements.
•Trend Analysis.
•Ratio Analysis.
9. ANALYSIS OF COMPARATIVE STATEMENTS
Particulars 2013-2014 (Rs.) 2014-15 (Rs) Absolute Decrease
or Increase
Percent
(Increase or
Decrease)
Revenue from operations 60,00,000 75,00,000 15,00,000 25.00
Add: Other incomes 150,000 120,000 (30,000) (20.00)
Total Revenue I+II 61,50,000 76,20,000 14,70,000 23.90
Less: Expenses 44,00,000 50,60,000 660,000 15.00
Profit before tax 17,50,000 25,60,000 810,000 46.29
Less: Tax 612,500 10,24,000 411,500 67.18
Profit after tax 11,37,500 15,36,000 398,500 35.03
10. ANALYSIS OF COMMON SIZE STATEMENTS
Particulars Absolutes
Amounts
Absolutes
Amounts
% of Net Sales % of Net Sales
2013-14 (Rs.) 2014-15
(Rs.)
2013-14 (%) 2014-15 (%)
Net Sales 25,00,000 18,00,000 100 100
(C.G.S) 12,00,000 10,00,000 48 48
Gross Profit 13,00,000 8,00,000 52 52
(Operating Expenses) 120,000 80,000 4.8 4.8
Operating Income 11,80,000 720,000 47.20 47.20
(Non-Operating
Expense)
15,000 12,000 0.60 0.60
PROFIT 11,65,000 708,000 46.60 39.33
14. Debt Ratio = Total Liabilities/Total Assets
= 15,466/67,646
= 22.9%
It shows that Microsoft borrowed 22.9% of money to but its assets. But it has to be
notice that value is good or bad debt ratio. If you are a banker that you want
Microsoft to have a low debt ratio because a smaller amount of other liabilities
increases your chances of being repaid. If you are a Microsoft stockholder, you want
a higher debt ratio because you want the company to add borrowed funds to your
investment dollars to expand the business.
RATIO ANALYSIS
15. Current Ratio = Current Assets/Current Liabilities
=48,576/12,744
=3.812
Asset Turnover = Sales/Total Assets
=28,365/67,646
=0.42
It shows that for each dollar of assets, it is able to generate $0.42 in sales. The higher the
asset turnover ratio, the more efficient the company is using assets to generate sales.
RATIO ANALYSIS
16. Return on Equity (R.O.E) = Net Income/Stockholder’s Equity
= 7,829/52,180
=15.0%
Microsoft’s return on equity of 15% means that 15 cents of profit were earned for each dollar
of stockholder investment in 2002. Good companies typically have return on equity values
between 15% and 25%. Return on equity is the fundamental measure of overall company
performance.
17. LIMITATIONS OF FINANCIAL STATEMENTS
Some major limitations of financial analysis are mentioned below:
•Financial analysis does not consider price level changes.
• Financial analysis may be misleading without the knowledge of the changes in
accounting procedure followed by a firm.
•Financial analysis is just a study of reports of the company.
•Monetary information alone is considered in financial analysis while non-
monetary aspects are ignored.
•The financial statements are prepared on the basis of accounting concept, it does not reflect
the current position.
18. SUMMARY
Major Parts of an Annual Report
An annual report contains basic financial statements, viz., Balance Sheet, Statement of
Profit and Loss and Cash Flow Statement. It also carries management’s discussion of
corporate performance of the year under review for futuristic prospects.
Tools of Financial Analysis
Commonly used tools of financial analysis are: Comparative statements, Common size
statement, trend analysis, ratio analysis, and cash flow analysis etc.