Collection of cheque chapter 2, banker as a holder for value, conversion of a cheque, precautions to be taken by collecting banker, duties of a collecting banker, statutory protection to collecting banker
Collection of cheque chapter 2, banker as a holder for value, conversion of a cheque, precautions to be taken by collecting banker, duties of a collecting banker, statutory protection to collecting banker
This presentation is on Credit rating agencies in India. here I presents it's origin, importants, benefits, objectives, need and about different rating agencies.
Measures of cost of capital
The cost of capital is the cost of obtaining funds, through debt or equity, in order to finance an investment.
The cost of capital represents the overall cost of financing to the firm.
The Financing Decision is yet another crucial decision made by the financial manager relating to the financing-mix of an organization. It is concerned with the borrowing and allocation of funds required for the investment decisions
What Are Financial Statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.
This presentation is on Credit rating agencies in India. here I presents it's origin, importants, benefits, objectives, need and about different rating agencies.
Measures of cost of capital
The cost of capital is the cost of obtaining funds, through debt or equity, in order to finance an investment.
The cost of capital represents the overall cost of financing to the firm.
The Financing Decision is yet another crucial decision made by the financial manager relating to the financing-mix of an organization. It is concerned with the borrowing and allocation of funds required for the investment decisions
What Are Financial Statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash flow, and statement of changes in equity. Nonprofit entities use a similar but different set of financial statements.
The forecast for the Singapore economy in 2017 paints a challenging picture. To help you navigate and support your business through the slower economy, we have put together some insightful tips to share with you. You will learn the essentials on how to manage late payments, maximising your tax return, as well as available grants that your business can tap into.
Why is the process of financial reporting important.pdfRathnakarReddy17
Financial reporting gives information and openness about the operations and financial health of an organisation. It is meant to provide our stakeholders with the right information in the right quantity to make better informed decisions. This applies to external investors, tax authorities or internal controls. Good Financial Reporting & Compliance in Delaware puts various parties on the same page with a single version of the truth and gives credibility to the company and management. On the other hand, fraudulent or inaccurate financial statements can damage a company's reputation and values.
The preparation of financial statements is a key aspect of an organisation's financial management as it relates to the recording and reporting of financial transactions and activities.
Financial statements support decision-making and financial analysis by providing a comprehensive overview of a company's financial performance, position and cash flow.
Branches of Accounting What You Need to Know When Writing an Assignment.pdfMatt Brown
Accounting is a fascinating and complex field, so it can be hard to know where to start when writing an assignment. This article will give a couple of supportive tips to fanning out into new areas of bookkeeping. You will be better able to write about the various accounting fields accurately and thoroughly if you comprehend them. When writing your next assignment, keep these suggestions in mind!
Financial Management Unit III AssessmentQuestion 1· Define.docxvoversbyobersby
Financial Management Unit III Assessment
Question 1
· Define each part of a financial plan and discuss the importance of these components in managerial decision making.
·
Your response should be at least 250 words in length.
Question 2
· Construct a pro forma income statement for the first year and second year for the following assumptions:
Units of Sales in Year 1: 110,000
Price per Unit: $11
Variable cost per unit: 30%
Fixed Costs: $125,000
Income taxes: 15%
Interest Expense: $200,000
In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same.
Question 3
· Calculate the sustainable growth based on the following information:
·
· • Earnings after taxes = $35,000
· • Equity = $100,000
• d=22.4%
Question 4
· Calculate a table of interest rates based on the following information:
The pure interest rate is 1.6%
Inflation expectations for year 1 = 3%, year 2 =3.5%, years 3-5 =5%
The default risk is .1% for year one and increases by .2% over each year
Liquidity premium is 0 for year 1 and increases by .2% each year
Maturity risk premium is 0 for years 1 and 2 and .2% for years 3-5
BBA 3301, Financial Management 1
UNIT III STUDY GUIDE
Financial Planning, the Financial
System and Governance
Learning Objectives
Upon completion of this unit, students should be able to:
1. Define the elements of a business plan.
2. Explain the purpose and use of a financial plan.
3. Calculate sustainable growth.
4. Analyze the percent of sales approach to forecasting.
5. Conduct a basic financial forecast.
6. Construct the financial flow of funds model.
7. Explain moral hazard in executive compensation.
8. Develop an interest rate table for a term structure incorporating risk and
inflation.
9. Contrast theories pertaining to the term structure of interest rates.
Written Lecture
From courses in business administration and management, you will probably
note the planning function is key to organizational management. There are
various forms of planning that can include operational planning, strategic
planning, budgeting, and forecasting. Using financial data and information,
managers in all areas will need to either review or prepare business plans at
some point in their career. This unit begins with the study of business and
financial planning.
A business plan is a model of what management expects a business to become
in the future. A good business plan usually has broad, long-term planning on one
end and numerical short-term forecasting on the other end. Business plans can
be used by small business and entrepreneurs as well as large corporations in
planning expansion. Usually, a business plan involves some form of forecast and
the development of pro forma financial statements. Business plans are often
used by managers in assessing opportunities and allocating resources.
Additionally, investors (debt and equity) review the business ...
Module 8 - Setting up finance function as start up.
Bottomline : Create checklist of what needs to be done, when, and who. Understand finance as subject and function Understand the finance activities and KPIs Identify information you need to manage and make decisions in your performance Identify the differences between a management accountant and a financial accountant Complete the daily, weekly, monthly and annual finance activities checklists You may need to do skills audit of somesort to ensure who ever you have instructing knows what to do.
Remember it really depends on the goals and objectives on what skills , experience and size of investment you want.
Here is video link https://youtu.be/MY_cmnbjsGM
Here is link for previous videos on management accounts https://youtu.be/6ExV7PvE7fA
If you need the checklists, get the finance handbook on this links https://www.makro.co.za/books/non-fiction-specialist/management-business-finance/management-business-finance/the-essential-finance-handbook-for-entrepreneurs--2nd-edition/p/29655bcc-89c2-4ff6-ba3b-9b056b18c4e9?gclid=CjwKCAjwkvWKBhB4EiwA-GHjFjcJDNJXL8e1TOD-Kgvnp6yPJkQrr3EE4CCDhSUIVrjelVhf3KC4KBoCjRoQAvD_BwE
or
https://publisher.co.za/product/the-essential-finance-handbook-for-entrepreneurs/ Focus on step 3 - compliance checklists, step 5 on roles and responsibilities and step 6 on processes and systems.
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Similar to Financial goals and performa statement (20)
Want to move your career forward? Looking to build your leadership skills while helping others learn, grow, and improve their skills? Seeking someone who can guide you in achieving these goals?
You can accomplish this through a mentoring partnership. Learn more about the PMISSC Mentoring Program, where you’ll discover the incredible benefits of becoming a mentor or mentee. This program is designed to foster professional growth, enhance skills, and build a strong network within the project management community. Whether you're looking to share your expertise or seeking guidance to advance your career, the PMI Mentoring Program offers valuable opportunities for personal and professional development.
Watch this to learn:
* Overview of the PMISSC Mentoring Program: Mission, vision, and objectives.
* Benefits for Volunteer Mentors: Professional development, networking, personal satisfaction, and recognition.
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* Success Stories and Testimonials: Inspiring examples from past participants.
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Learn how you can make a difference in the project management community and take the next step in your professional journey.
About Hector Del Castillo
Hector is VP of Professional Development at the PMI Silver Spring Chapter, and CEO of Bold PM. He's a mid-market growth product executive and changemaker. He works with mid-market product-driven software executives to solve their biggest growth problems. He scales product growth, optimizes ops and builds loyal customers. He has reduced customer churn 33%, and boosted sales 47% for clients. He makes a significant impact by building and launching world-changing AI-powered products. If you're looking for an engaging and inspiring speaker to spark creativity and innovation within your organization, set up an appointment to discuss your specific needs and identify a suitable topic to inspire your audience at your next corporate conference, symposium, executive summit, or planning retreat.
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For event details, visit pmissc.org.
New Explore Careers and College Majors 2024.pdfDr. Mary Askew
Explore Careers and College Majors is a new online, interactive, self-guided career, major and college planning system.
The career system works on all devices!
For more Information, go to https://bit.ly/3SW5w8W
1. Financial Goals & Performa Statements
Five Essential Ingredients
Before putting pen to paper and formulating financial goals, it is important to
weave five key principles into your financial goals plan.Here they are in brief:
1.Create Wealth : Find a way to greatly increase the value of what you do. Ask:
"How can I be worth more to the company I work for?" Or start a new income
stream using modern technology. If you know your subject, and want to build
an income stream with growing, diversified revenues.
2. Maintain Wealth : Include in your financial goals a budget that allows you to
spend less than you earn. Invest whatever is left.
3. Increase Your Wealth : Compounding growth will really increase the speed
with which you attain your financial goals. Reinvest the profits from your past
investments.
4. Protect Your Wealth : Build into your financial goals plan a strategy for
protecting your assets. Search out experts in your area who can give advice and
make sure you are protected against litigation.
5. Enjoy Your Wealth : Don't wait until you have accumulated a fortune before
you start enjoying the proceeds of your financial goals. Reward yourself
occasionally. Experience the joy of giving by sharing a percentage of your wealth
to people or causes you care about.
When these five essential ingredients are woven into any financial goals plan,
the goals become motivating. Such goals touch emotion; they evolve from just
an academic exercise of necessity into a way of life that touches the sense of
abundance.
Financial Goal Setting - Four Steps
There are no hard and fast rules for implementing a financial goal setting
plan. The important thing is to at least do something as opposed to
nothing, and to start now.
2. Here are four steps you can apply to any financial goal setting exercise:
Step 1: Identify and write down your financial goals, whether they are saving to
send your kids to college or University, buying a new car, saving for a down
payment on a house, going on vacation, paying off credit card debt, or planning
for you and your spouse’s retirement.
Step 2: Break each financial goal down into several short-term (less than 1 year),
medium-term (1 to 3 years) and long-term (5 years or more) goals; which will
make this process easier.
Step 3: Educate yourself and do your research. Read Money magazine or a book
about investing, or surf the Internet's investment web sites.
Step 4: Evaluate your progress as often as needed. Review your progress
monthly, quarterly, or at any other interval you feel comfortable with, but at
least semi-annually, to determine if your program is working.
Just remember that you can adjust the time frame whenever you want to.
Long-term goals (over 5 years) are those things that won't happen overnight, no
matter how hard you work to achieve them. They may take a long time to
accomplish (hence the reason they are called long term goals), so give yourself a
reasonable amount of time, that are based on your best estimates of what it will
take to achieve them. Examples of long-term goals might include college
education for a child, retirement plan or purchasing a home. Whatever the case,
these goals generally require longer commitments and often more money in the
end.
Intermediate-term goals (1-5 years) are the type of goals that can't be executed
overnight but might not take many years to accomplish. Examples might include
purchasing/replacing a car, getting an education or certification, or paying off
your debts like credit cards etc. (depending on the amount).
Short-term goals (within one year) generally take one year or less to achieve,
based on the date the task is needed, the total estimated cost, and the required
savings.
3. Pro Forma Statement
Pro forma, a Latin term meaning "as a matter of form," is applied to the
process of presenting financial projections for a specific time period in a
standardized format.
Businesses use pro forma statements for decision-making in planning and
control, and for external reporting to owners, investors, and creditors.
Pro forma statements can be used as the basis of comparison and analysis
to provide management, investment analysts, and credit officers with a
feel for the particular nature of a business's financial structure under
various conditions.
Both the American Institute of Certified Public Accountants (AICPA) and
the Securities and Exchange Commission (SEC) require standard formats
for businesses in constructing and presenting pro forma statements.
"Anyone thinking of going into business should prepare pro forma
statements, both income and cash flow, before investing time, money,
and energy”.
A pro forma income statement is similar to a historical income statement,
except it projects the future rather than tracks the past. Pro forma income
statements are an important tool for planning future business operations.
If the projections predict a downturn in profitability, you can make
operational changes such as increasing prices or decreasing costs before
these projections become reality.
Uses of Pro Forma Statements
1. BUSINESS PLANNING : A company uses pro forma statements in the
process of business planning and control. Because pro forma statements
are presented in a standardized, columnar format, management employs
them to compare and contrast alternative business plans. By arranging the
data for the operating and financial statements side-by-side, management
analyzes the projected results of competing plans in order to decide which
best serves the interests of the business. In constructing pro forma
4. statements, a company recognizes the uniqueness and distinct financial
characteristics of each proposed plan or project.
2. FINANCIAL MODELING : Pro forma statements provide data for
calculating financial ratios and for performing other mathematical
calculations.
Financial models built on pro form projections contribute to the
achievement of corporate goals if they:
1) test the goals of the plans;
2) furnish findings that are readily understandable; and
3) provide time, quality, and cost advantages over other methods.
3. ASSESSING THE IMPACT OF CHANGES: A company prepares pro
forma financial statements when it expects to experience or has just
experienced significant financial changes. The pro forma financial
statements present the impact of these changes on the company's
financial position as depicted in the
income statement, balance sheet, and the cash-flow statement. For
example, management might prepare pro forma statements to gauge the
effects of a potential merger or joint venture. It also might prepare pro
forma statements to evaluate the consequences of refinancing debt
through issuance of preferred stock, common stock, or other debt.
4. EXTERNAL REPORTING. Businesses also use pro forma statements in
external reports prepared for owners (stockholders), creditors, and
potential investors. For companies listed on the stock exchanges, the SEC
requires pro forma statements with any filing, registration statements, or
proxy statements.
The SEC and organizations governing accounting practices require
companies to prepare pro forma statements when essential changes in the
character of a business's financial statements have occurred or will occur.
5. In short (summary)
Pro forma statements are an integral part of business planning and control.
em in the decision-making process when constructing an
annual budget, developing long-range plans, and choosing among capital
expenditures.
users of financial statements in understanding the impact on the financial
structure of a business due to changes in the business entity, or in accounting
principles or accounting estimates.
ongoing, mature businesses, they are also important for small businesses and
startup firms, which often lack the track record required for preparing
conventional financial statements.
minimize
the risks associated with starting and running a new business.
and investors to provide financing for a start-up firm.