This document provides an overview of key financial statements - the income statement, balance sheet, and statement of cash flows. It discusses the purpose and components of each statement. The income statement shows a firm's profits/losses over time. The balance sheet presents assets, liabilities, and equity at a point in time. The statement of cash flows identifies cash inflows and outflows from operating, investing, and financing activities. Examples from a company called JM Dalton, Inc. illustrate how to read each type of statement and calculate cash flows using information from the income statement and balance sheets. Understanding these financial statements is important for evaluating a firm's performance and financial position.
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.
Small Business Management Chapter 22 PowerPointLeahBusby1
This document discusses managing working capital and cash flows for small businesses. It defines key terms like working capital, the working capital cycle, accounts receivable, inventory, and cash conversion period. The document uses examples to illustrate how these concepts impact a company's balance sheet and cash flows over time. Effective working capital management is important for small businesses to meet operating needs and avoid cash flow problems.
Small Business Management Chapter 12 PowerPointLeahBusby1
This document discusses various sources of financing for small businesses, including:
- Personal savings, friends and family, credit cards are common early sources of equity financing.
- Banks are a primary source of debt financing but are reluctant to finance startups without proven track records. Bank loans come as lines of credit, term loans, or mortgages.
- Business suppliers provide trade credit through accounts payable and may offer equipment loans or leases using the equipment as collateral.
- Other potential sources of financing discussed include private equity investors, crowdfunding, government loan programs, large corporations, and public stock offerings. The document examines factors influencing choices between debt and equity financing.
Small Business Management Chapter 16 PowerPointLeahBusby1
This document provides an overview of Chapter 16 - Pricing and Credit Decisions from an educational textbook. The chapter covers setting prices based on costs and customer demand, using tools like break-even analysis and markup pricing. It also discusses extending credit to customers and managing the risks and benefits of providing credit. Specific topics covered include elasticity of demand, penetration pricing strategies, factors that influence granting credit, and types of credit available. The overall aim is to help readers understand how to make effective pricing and credit-related decisions for their business.
Small Business Management Chapter 23 PowerPointLeahBusby1
This document discusses managing risk for businesses. It covers defining business risk, identifying types of pure risk like property, liability and personnel risks. It then describes the risk management process of identifying, evaluating and selecting methods to manage risks through risk control or risk financing. Specific insurance policies for property, casualty, life and health are also summarized. The key aspects of risk management and common insurance coverage for businesses are outlined.
Small Business Management Chapter 7 PowerPointLeahBusby1
This document discusses the marketing plan and marketing research process for small businesses. It outlines the typical components of a marketing plan, including market analysis, competition assessment, and marketing strategy. Marketing strategy covers the 4 P's of product, place, price, and promotion. The document also describes the steps in conducting marketing research, including identifying information needs, searching secondary data sources, collecting primary data through surveys or observations, and interpreting the results. Effective marketing research is important for developing a strong marketing plan tailored to the business.
Small Business Management Chapter 4 PowerPointLeahBusby1
This document discusses franchising and buying existing businesses. It defines what a franchise is and provides terminology related to franchising. The pros and cons of franchising are examined, including the costs associated with being a franchisee. The document outlines the process for evaluating potential franchise opportunities and existing business purchase opportunities, including investigating the franchise concept and franchisor.
Small Business Management Chapter 20 Busby LSCOLeahBusby1
The document discusses managing human resources in a chapter about recruiting, training, and developing employees. It covers the importance of recruitment and finding qualified applicants, evaluating applicants through application forms, interviews, references, testing, and physicals. It also discusses training and developing employees through orientation, basic training, and management development. The overall goal is to hire and develop capable employees to help the company achieve its strategic objectives.
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.
Small Business Management Chapter 22 PowerPointLeahBusby1
This document discusses managing working capital and cash flows for small businesses. It defines key terms like working capital, the working capital cycle, accounts receivable, inventory, and cash conversion period. The document uses examples to illustrate how these concepts impact a company's balance sheet and cash flows over time. Effective working capital management is important for small businesses to meet operating needs and avoid cash flow problems.
Small Business Management Chapter 12 PowerPointLeahBusby1
This document discusses various sources of financing for small businesses, including:
- Personal savings, friends and family, credit cards are common early sources of equity financing.
- Banks are a primary source of debt financing but are reluctant to finance startups without proven track records. Bank loans come as lines of credit, term loans, or mortgages.
- Business suppliers provide trade credit through accounts payable and may offer equipment loans or leases using the equipment as collateral.
- Other potential sources of financing discussed include private equity investors, crowdfunding, government loan programs, large corporations, and public stock offerings. The document examines factors influencing choices between debt and equity financing.
Small Business Management Chapter 16 PowerPointLeahBusby1
This document provides an overview of Chapter 16 - Pricing and Credit Decisions from an educational textbook. The chapter covers setting prices based on costs and customer demand, using tools like break-even analysis and markup pricing. It also discusses extending credit to customers and managing the risks and benefits of providing credit. Specific topics covered include elasticity of demand, penetration pricing strategies, factors that influence granting credit, and types of credit available. The overall aim is to help readers understand how to make effective pricing and credit-related decisions for their business.
Small Business Management Chapter 23 PowerPointLeahBusby1
This document discusses managing risk for businesses. It covers defining business risk, identifying types of pure risk like property, liability and personnel risks. It then describes the risk management process of identifying, evaluating and selecting methods to manage risks through risk control or risk financing. Specific insurance policies for property, casualty, life and health are also summarized. The key aspects of risk management and common insurance coverage for businesses are outlined.
Small Business Management Chapter 7 PowerPointLeahBusby1
This document discusses the marketing plan and marketing research process for small businesses. It outlines the typical components of a marketing plan, including market analysis, competition assessment, and marketing strategy. Marketing strategy covers the 4 P's of product, place, price, and promotion. The document also describes the steps in conducting marketing research, including identifying information needs, searching secondary data sources, collecting primary data through surveys or observations, and interpreting the results. Effective marketing research is important for developing a strong marketing plan tailored to the business.
Small Business Management Chapter 4 PowerPointLeahBusby1
This document discusses franchising and buying existing businesses. It defines what a franchise is and provides terminology related to franchising. The pros and cons of franchising are examined, including the costs associated with being a franchisee. The document outlines the process for evaluating potential franchise opportunities and existing business purchase opportunities, including investigating the franchise concept and franchisor.
Small Business Management Chapter 20 Busby LSCOLeahBusby1
The document discusses managing human resources in a chapter about recruiting, training, and developing employees. It covers the importance of recruitment and finding qualified applicants, evaluating applicants through application forms, interviews, references, testing, and physicals. It also discusses training and developing employees through orientation, basic training, and management development. The overall goal is to hire and develop capable employees to help the company achieve its strategic objectives.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Small Business Management Chapter 1 PowerPointLeahBusby1
This document provides an overview of key concepts from Chapter 1 of an entrepreneurship textbook. It discusses the importance of small businesses and entrepreneurship in the economy. Small businesses are defined as having fewer than 500 employees and account for over 99% of all businesses. The chapter distinguishes between small businesses and entrepreneurship, describing entrepreneurs as willing to create value while assuming risks and rewards. It explores various motivations for becoming an entrepreneur like personal fulfillment, independence, and financial rewards. The chapter also examines how small businesses can compete against larger companies through integrity, customer focus, innovation, and niche markets.
Small Business Management Chapter 18 PowerPointLeahBusby1
This document provides an overview of global opportunities for small businesses. It discusses how globalization has encouraged more small businesses to expand internationally. Some key points include:
- Small businesses and startups are responsible for about one-third of US exports and many launch with the intent of engaging in cross-border business.
- Global expansion allows businesses to access larger markets, resources, lower costs, and take advantage of location-specific opportunities.
- Common strategies for small businesses to engage globally include exporting, importing, licensing, franchising, strategic alliances, and establishing foreign facilities. Each strategy has advantages and challenges to consider.
- Expanding into international markets requires understanding foreign business environments and adapting operations accordingly.
Small Business Management Chapter 13 PowerPointLeahBusby1
This document discusses planning for harvesting (exiting) a business. It covers the importance of having a harvest plan, methods for harvesting like selling the firm, distributing cash flows, initial public offerings, and private equity recapitalizations. When selling a firm, it's important to consider valuation and payment methods. An effective harvest plan should anticipate the harvest years in advance, expect emotional and cultural conflicts, get good advice, understand personal motivations, and consider plans after exiting.
Small Business Management Chapter 9 PowerPointLeahBusby1
This chapter discusses factors to consider when determining the location for a new brick-and-mortar business. The five key factors are customer accessibility, business environment conditions, availability of resources, the entrepreneur's personal preferences, and site availability and costs. Additional considerations include designing physical facilities to meet functional needs and equipping the space appropriately. Locating a business in the entrepreneur's home or online also presents advantages and challenges to consider.
Small Business Management Chapter 2 PowerPointLeahBusby1
This document discusses integrity, ethics, and social entrepreneurship in small businesses. It defines integrity as honesty and reliability in doing what is right. Maintaining integrity requires considering how decisions affect stakeholders like customers, employees, and the community. However, small businesses face challenges to integrity like limited resources creating temptation to cut corners. The document suggests building integrity by properly valuing stakeholders, avoiding lies about the business, and contributing to the community. Social entrepreneurship also influences small businesses to have positive social impacts.
Small Business Management Chapter 5 PowerPointLeahBusby1
This document provides an overview of key concepts regarding family businesses. It defines what constitutes a family and family business. It describes the complex roles and relationships involved in a family business, including between family members, founders, spouses, in-laws, and non-family employees. It also outlines important management practices for family firms, such as establishing a family council and holding family retreats, to help the business function effectively and smoothly transfer leadership between generations.
Small Business Management Chapter 14 PowerPointLeahBusby1
This document discusses building customer relationships through customer relationship management (CRM). It covers defining CRM and its importance for small businesses. Extraordinary customer service, technology tools for CRM, and understanding consumer behavior are also discussed. The significance of customer satisfaction, service, and retention are emphasized. CRM software, databases, and alternative systems are examined as ways to optimize relationships and business outcomes through focused customer strategies.
Small Business Management Chapter 8 PowerPointLeahBusby1
This document discusses organizational structures for small businesses, including management teams, legal forms of organization, and strategic alliances. It covers key topics such as the importance of a strong management team with diverse skills and experience; common legal structures like sole proprietorships, partnerships, and corporations; factors to consider when choosing a legal structure; and the uses of strategic alliances and boards of directors. The document provides details on characteristics, advantages, and disadvantages of different organizational approaches for small businesses.
Small Business Management Chapter 17 PowerPointLeahBusby1
This chapter discusses promotional planning for small businesses. It covers determining an appropriate promotional budget through methods like allocating a percentage of sales or matching competitor spending. The chapter also addresses how the internet and social media are changing promotion, with over half the world's population now online. It emphasizes the importance of small businesses establishing an online presence through a user-friendly website in order to connect with customers and compete with other companies.
Small Business Management Chapter 21 PowerPointLeahBusby1
This document provides an overview of chapter 21 from a business textbook, which discusses managing small business operations. The chapter covers topics like how operations enhance competitiveness, inventory management, quality control, and purchasing policies. It defines key terms and concepts relating to operations management in small businesses. The document is divided into sections that address the operations process, inventory management techniques, quality management strategies, and the role of purchasing.
Small Business Management Chapter 15 PowerPointLeahBusby1
This document discusses product development and supply chain management. It covers challenges of business growth, the role of innovation, product life cycles, and new product development processes. Key points include: small businesses produce many innovations but success is rare; innovation allows competitive advantages but risks failure; the product life cycle has introduction, growth, maturity, and decline stages; and new product development involves idea generation, analysis, product creation, and testing. Managing these factors is important for business survival and growth.
Small Business Management Chapter 3 PowerPointLeahBusby1
This document provides an overview of chapter 3 from a textbook on starting a small business. The chapter discusses developing startup ideas, including different types of ideas and common sources of ideas. It also covers using innovative thinking to generate ideas and analyzing ideas both from an outside-in and inside-out perspective. The chapter describes integrating internal and external analyses using a SWOT analysis and selecting strategies to capture opportunities, including broad-based and focus strategies. The overall chapter aims to guide entrepreneurs through the process of developing, analyzing, and selecting startup business ideas.
Small Business Management Chapter 19 PowerPointLeahBusby1
This document discusses professional management in small businesses. It covers key topics such as leadership roles, the management process, and managerial tasks of entrepreneurs. As a business grows, its organizational structure and management must adapt. Founders often struggle to transition from hands-on roles to professional management. Effective planning, organizational structures, delegation, and communication are important for professional management as a small business scales.
Buying and Selling A Small or Mid-Size Business - Initiation of Discussions, ...esstevens
This document discusses various aspects of buying and selling a small or mid-size business, including:
1) It provides an overview of current M&A market conditions, noting opportunities for quality companies and strong competition for assets.
2) It outlines the process of initiating a transaction, including assessing strategic options, valuation, identifying potential buyers, and engaging advisors.
3) It describes the roles of key members of the deal team, including owners, management, accountants, legal counsel, investment bankers, and tax advisors.
The chapter discusses merger and acquisition strategies and restructuring. It covers the popularity and reasons for acquisition strategies, problems that can prevent acquisition success, attributes of effective acquisitions, different types of restructuring strategies and their short and long-term outcomes. Specifically, it addresses why firms acquire other companies, the seven main problems that can inhibit acquisition success, and defines restructuring as changing a firm's business portfolio or financial structure through actions like downsizing, divesting unrelated businesses, or leveraged buyouts.
2. Intr. fin. Statements and Other Fin. Reporting Topics.pptJunaidrazaq
The document provides an overview of key financial reporting topics including different types of business entities, the main financial statements (income statement, balance sheet, statement of stockholders' equity, statement of cash flows), and notes to the financial statements. It also discusses the accounting cycle which involves recording transactions, recording adjusting entries, and preparing the financial statements. Finally, it covers auditing topics such as the auditor's opinion, internal controls, and the role of the Treadway Commission.
Chapter 07 using accounting informationNur Khalida
This document provides an overview of accounting concepts including:
1. It explains why accurate accounting information and audited financial statements are important for stakeholders like bankers, creditors, investors, and government agencies.
2. It identifies the primary users of accounting information as managers within a company, as well as external stakeholders. It also discusses career opportunities in accounting.
3. It provides a high-level overview of key accounting concepts like the accounting equation, the accounting process, how to read an income statement and balance sheet, and the statement of cash flows.
Finance & Funding in Travel and Tourism - Financial accountsKaren Houston
This document provides an overview of key concepts related to financial accounts and statements for travel and tourism businesses. It discusses the purpose of financial accounts in classifying, measuring and recording business transactions. The main components of financial accounts are described, including the profit and loss account, balance sheet, cash flow statement, statement of movements in equity, and notes. Key elements of financial management like financial planning, control and decision making are also summarized. Specific accounting concepts such as depreciation, amortization, current and non-current assets are defined.
The document discusses responsibility accounting for decentralized operations. It describes responsibility accounting reports for cost centers, profit centers, and investment centers. It also discusses how to treat service department charges when preparing responsibility accounting reports for profit centers. Specifically, it provides examples to illustrate how to allocate service department expenses to profit centers based on each center's usage of the services.
The document discusses financial statements, including the income statement, balance sheet, statement of retained earnings, and statement of cash flows. It provides details on the key components and purposes of each statement. The income statement shows a company's revenues, expenses and profits over a period of time. The balance sheet outlines a company's assets, liabilities, and shareholders' equity at a point in time. The statement of retained earnings shows how much earnings have been retained in the business each year. And the statement of cash flows provides information on a company's cash inflows and outflows from operating, investing, and financing activities.
Small Business Management Chapter 6 PowerPointLeahBusby1
This document provides an overview of Chapter 6 from an educational text on business plans. The chapter covers the purpose and key elements of business plans, how to develop an effective business model, and guidance on the preferred content and structure of a business plan. It emphasizes that the business model forms the foundation of any good business plan and discusses how to analyze revenue models, cost structures, resource needs, and risks. It also outlines the main sections that should typically be included in a business plan, such as the opportunity analysis, management team, financing details, and financial projections.
Small Business Management Chapter 1 PowerPointLeahBusby1
This document provides an overview of key concepts from Chapter 1 of an entrepreneurship textbook. It discusses the importance of small businesses and entrepreneurship in the economy. Small businesses are defined as having fewer than 500 employees and account for over 99% of all businesses. The chapter distinguishes between small businesses and entrepreneurship, describing entrepreneurs as willing to create value while assuming risks and rewards. It explores various motivations for becoming an entrepreneur like personal fulfillment, independence, and financial rewards. The chapter also examines how small businesses can compete against larger companies through integrity, customer focus, innovation, and niche markets.
Small Business Management Chapter 18 PowerPointLeahBusby1
This document provides an overview of global opportunities for small businesses. It discusses how globalization has encouraged more small businesses to expand internationally. Some key points include:
- Small businesses and startups are responsible for about one-third of US exports and many launch with the intent of engaging in cross-border business.
- Global expansion allows businesses to access larger markets, resources, lower costs, and take advantage of location-specific opportunities.
- Common strategies for small businesses to engage globally include exporting, importing, licensing, franchising, strategic alliances, and establishing foreign facilities. Each strategy has advantages and challenges to consider.
- Expanding into international markets requires understanding foreign business environments and adapting operations accordingly.
Small Business Management Chapter 13 PowerPointLeahBusby1
This document discusses planning for harvesting (exiting) a business. It covers the importance of having a harvest plan, methods for harvesting like selling the firm, distributing cash flows, initial public offerings, and private equity recapitalizations. When selling a firm, it's important to consider valuation and payment methods. An effective harvest plan should anticipate the harvest years in advance, expect emotional and cultural conflicts, get good advice, understand personal motivations, and consider plans after exiting.
Small Business Management Chapter 9 PowerPointLeahBusby1
This chapter discusses factors to consider when determining the location for a new brick-and-mortar business. The five key factors are customer accessibility, business environment conditions, availability of resources, the entrepreneur's personal preferences, and site availability and costs. Additional considerations include designing physical facilities to meet functional needs and equipping the space appropriately. Locating a business in the entrepreneur's home or online also presents advantages and challenges to consider.
Small Business Management Chapter 2 PowerPointLeahBusby1
This document discusses integrity, ethics, and social entrepreneurship in small businesses. It defines integrity as honesty and reliability in doing what is right. Maintaining integrity requires considering how decisions affect stakeholders like customers, employees, and the community. However, small businesses face challenges to integrity like limited resources creating temptation to cut corners. The document suggests building integrity by properly valuing stakeholders, avoiding lies about the business, and contributing to the community. Social entrepreneurship also influences small businesses to have positive social impacts.
Small Business Management Chapter 5 PowerPointLeahBusby1
This document provides an overview of key concepts regarding family businesses. It defines what constitutes a family and family business. It describes the complex roles and relationships involved in a family business, including between family members, founders, spouses, in-laws, and non-family employees. It also outlines important management practices for family firms, such as establishing a family council and holding family retreats, to help the business function effectively and smoothly transfer leadership between generations.
Small Business Management Chapter 14 PowerPointLeahBusby1
This document discusses building customer relationships through customer relationship management (CRM). It covers defining CRM and its importance for small businesses. Extraordinary customer service, technology tools for CRM, and understanding consumer behavior are also discussed. The significance of customer satisfaction, service, and retention are emphasized. CRM software, databases, and alternative systems are examined as ways to optimize relationships and business outcomes through focused customer strategies.
Small Business Management Chapter 8 PowerPointLeahBusby1
This document discusses organizational structures for small businesses, including management teams, legal forms of organization, and strategic alliances. It covers key topics such as the importance of a strong management team with diverse skills and experience; common legal structures like sole proprietorships, partnerships, and corporations; factors to consider when choosing a legal structure; and the uses of strategic alliances and boards of directors. The document provides details on characteristics, advantages, and disadvantages of different organizational approaches for small businesses.
Small Business Management Chapter 17 PowerPointLeahBusby1
This chapter discusses promotional planning for small businesses. It covers determining an appropriate promotional budget through methods like allocating a percentage of sales or matching competitor spending. The chapter also addresses how the internet and social media are changing promotion, with over half the world's population now online. It emphasizes the importance of small businesses establishing an online presence through a user-friendly website in order to connect with customers and compete with other companies.
Small Business Management Chapter 21 PowerPointLeahBusby1
This document provides an overview of chapter 21 from a business textbook, which discusses managing small business operations. The chapter covers topics like how operations enhance competitiveness, inventory management, quality control, and purchasing policies. It defines key terms and concepts relating to operations management in small businesses. The document is divided into sections that address the operations process, inventory management techniques, quality management strategies, and the role of purchasing.
Small Business Management Chapter 15 PowerPointLeahBusby1
This document discusses product development and supply chain management. It covers challenges of business growth, the role of innovation, product life cycles, and new product development processes. Key points include: small businesses produce many innovations but success is rare; innovation allows competitive advantages but risks failure; the product life cycle has introduction, growth, maturity, and decline stages; and new product development involves idea generation, analysis, product creation, and testing. Managing these factors is important for business survival and growth.
Small Business Management Chapter 3 PowerPointLeahBusby1
This document provides an overview of chapter 3 from a textbook on starting a small business. The chapter discusses developing startup ideas, including different types of ideas and common sources of ideas. It also covers using innovative thinking to generate ideas and analyzing ideas both from an outside-in and inside-out perspective. The chapter describes integrating internal and external analyses using a SWOT analysis and selecting strategies to capture opportunities, including broad-based and focus strategies. The overall chapter aims to guide entrepreneurs through the process of developing, analyzing, and selecting startup business ideas.
Small Business Management Chapter 19 PowerPointLeahBusby1
This document discusses professional management in small businesses. It covers key topics such as leadership roles, the management process, and managerial tasks of entrepreneurs. As a business grows, its organizational structure and management must adapt. Founders often struggle to transition from hands-on roles to professional management. Effective planning, organizational structures, delegation, and communication are important for professional management as a small business scales.
Buying and Selling A Small or Mid-Size Business - Initiation of Discussions, ...esstevens
This document discusses various aspects of buying and selling a small or mid-size business, including:
1) It provides an overview of current M&A market conditions, noting opportunities for quality companies and strong competition for assets.
2) It outlines the process of initiating a transaction, including assessing strategic options, valuation, identifying potential buyers, and engaging advisors.
3) It describes the roles of key members of the deal team, including owners, management, accountants, legal counsel, investment bankers, and tax advisors.
The chapter discusses merger and acquisition strategies and restructuring. It covers the popularity and reasons for acquisition strategies, problems that can prevent acquisition success, attributes of effective acquisitions, different types of restructuring strategies and their short and long-term outcomes. Specifically, it addresses why firms acquire other companies, the seven main problems that can inhibit acquisition success, and defines restructuring as changing a firm's business portfolio or financial structure through actions like downsizing, divesting unrelated businesses, or leveraged buyouts.
2. Intr. fin. Statements and Other Fin. Reporting Topics.pptJunaidrazaq
The document provides an overview of key financial reporting topics including different types of business entities, the main financial statements (income statement, balance sheet, statement of stockholders' equity, statement of cash flows), and notes to the financial statements. It also discusses the accounting cycle which involves recording transactions, recording adjusting entries, and preparing the financial statements. Finally, it covers auditing topics such as the auditor's opinion, internal controls, and the role of the Treadway Commission.
Chapter 07 using accounting informationNur Khalida
This document provides an overview of accounting concepts including:
1. It explains why accurate accounting information and audited financial statements are important for stakeholders like bankers, creditors, investors, and government agencies.
2. It identifies the primary users of accounting information as managers within a company, as well as external stakeholders. It also discusses career opportunities in accounting.
3. It provides a high-level overview of key accounting concepts like the accounting equation, the accounting process, how to read an income statement and balance sheet, and the statement of cash flows.
Finance & Funding in Travel and Tourism - Financial accountsKaren Houston
This document provides an overview of key concepts related to financial accounts and statements for travel and tourism businesses. It discusses the purpose of financial accounts in classifying, measuring and recording business transactions. The main components of financial accounts are described, including the profit and loss account, balance sheet, cash flow statement, statement of movements in equity, and notes. Key elements of financial management like financial planning, control and decision making are also summarized. Specific accounting concepts such as depreciation, amortization, current and non-current assets are defined.
The document discusses responsibility accounting for decentralized operations. It describes responsibility accounting reports for cost centers, profit centers, and investment centers. It also discusses how to treat service department charges when preparing responsibility accounting reports for profit centers. Specifically, it provides examples to illustrate how to allocate service department expenses to profit centers based on each center's usage of the services.
The document discusses financial statements, including the income statement, balance sheet, statement of retained earnings, and statement of cash flows. It provides details on the key components and purposes of each statement. The income statement shows a company's revenues, expenses and profits over a period of time. The balance sheet outlines a company's assets, liabilities, and shareholders' equity at a point in time. The statement of retained earnings shows how much earnings have been retained in the business each year. And the statement of cash flows provides information on a company's cash inflows and outflows from operating, investing, and financing activities.
Preparation Final statement ppt (1) 125-1.pptxShaheenAkthar
The document provides information about financial statements, retained earnings, dividends, stockholders' equity, and valuation of investments. It defines key terms and concepts.
The main points are:
1. Financial statements include the income statement, balance sheet, and cash flow statement and provide information on a company's financial performance and position.
2. Retained earnings represent a company's cumulative net earnings minus any dividends paid out and can be used to expand operations, invest in new products, or repay debt.
3. Dividends are payments made to shareholders from a company's profits and retained earnings, and must be approved by the board of directors.
4. Stockholders' equity is calculated
1. Accounting provides financial information about a business to internal and external users through managerial and financial accounting.
2. Managerial accounting provides information to internal users to help manage the business, while financial accounting provides external users with general purpose financial statements.
3. Financial statements like the income statement, balance sheet, statement of owner's equity, and statement of cash flows are prepared using generally accepted accounting principles to communicate key financial information.
This document provides an overview of a course on construction economics and finance. It discusses why construction economics and finance are important subjects, covering topics like cost consciousness, project appraisal, demand and supply analysis, and decision-making under resource constraints. It also defines key terms related to construction economics and finance like assets, liabilities, equity, and debt. Additionally, it discusses important ratios used in construction economics like profitability ratios and times interest earned ratio, which are used to analyze financial health and debt management ability.
1) Managers of companies face three conflicting goals: maximizing value, share price, and taking advantage of mispricing. They may cater to irrational investor beliefs to boost share price through actions like changing investment strategies or payouts.
2) Evidence shows companies time stock issues and repurchases, and acquisitions using overvalued stock, to benefit at the expense of other shareholders. Managers and targets may agree to inefficient mergers due to short-term gains.
3) Studies found the proportion of dividend-paying firms fell from over 50% to below 20% from the 1970s-1990s partly due to company changes, but also dividend policy catering to investor preferences. Initiations and omissions
1) Managers of companies face three conflicting goals: maximizing value, share price, and taking advantage of mispricing. They may cater to irrational investor beliefs to boost share price over rational value.
2) Evidence shows companies time stock issues and repurchases, and acquisitions using overvalued stock, to benefit at the expense of new shareholders. Managers and target managers have incentives to partake in value-destroying mergers.
3) Dividend policies also cater to investor preferences, with initiations and omissions tracking rises and falls in the dividend premium over four distinct payout periods since the 1960s.
The document discusses capital structure theory and the impact of taxes. It covers Modigliani and Miller's propositions which state that in perfect capital markets, the value of a firm is unaffected by its capital structure. Taxes are introduced, violating a key assumption of perfect markets. When corporate taxes are considered, debt provides a tax advantage over equity, increasing firm value. However, this advantage may be offset by personal taxes on interest income. The document examines various capital structures and their impact on firm and shareholder value under different tax regimes.
The document discusses the income statement and comprehensive income reporting. It provides examples of multiple-step and single-step income statement formats. It also describes the key elements included in the income statement such as revenues, expenses, gains and losses. Additionally, it discusses the calculation and presentation of comprehensive income and how it differs from net income.
This document provides information about an executive MBA course on corporate finance taught in 2020. It includes the course code, instructor details, learning outcomes, syllabus overview, and descriptions of key corporate finance concepts like capital budgeting, capital structure, and working capital management. The roles and responsibilities of a finance manager are also discussed, including financial analysis, budgeting, forecasting, and advising management.
The document discusses the statement of cash flows, which reports a company's cash inflows and outflows over a period of time. It provides information about a company's ability to generate cash from operations, maintain capacity, meet obligations, and pay dividends. The statement of cash flows classifies cash flows into three categories: operating, investing, and financing activities. It can be prepared using either the direct or indirect method. The indirect method reconciles net income to net cash flow from operating activities by adjusting for non-cash revenues and expenses.
The document provides an overview of key financial statements including the balance sheet and profit and loss account. The balance sheet shows a company's financial position on a particular date by outlining assets, liabilities, and equity. The profit and loss account shows operating results for a period by outlining revenues, expenses, and net profit. It summarizes the financial performance of a business over a specific period of time.
The document discusses financial statements and balance sheets. It explains that public companies must produce four financial statements: the balance sheet, income statement, statement of cash flows, and statement of stockholders' equity. The balance sheet lists a company's assets, liabilities, and stockholders' equity at a point in time. It is divided into current and long-term assets and current and long-term liabilities. The difference between assets and liabilities is the stockholders' equity. While the balance sheet provides information, it does not always accurately reflect the true value of a company's equity.
The net profit margin ratio indicates how much net income or profit is generated as a percentage of total revenue. It is calculated as:
Net Profit Margin = Net Income/Revenue × 100
A higher net profit margin indicates greater profitability. For example, if a company reports a net profit margin of 15%, it means the company profits $0.15 for every $1 of total revenue.
The net profit margin allows investors and analysts to compare the net profitability of different companies. It helps evaluate how effectively management is converting revenue into actual profit. A rising net profit margin over time generally indicates improving operational efficiency and cost management.
Does this help explain the net profit margin ratio? Let me know if you have
This slides tackles about the Financial statement of the organisation and the needs to analysing it. It is very important especially that the company needs to make a sound judgment and decision to the operation of the company.
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B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
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Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
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[To download this presentation, visit:
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net