This document summarizes a company's 2008 income statement and projected budget. It shows actual 2007 figures, projected 2008 budget, and the increases/decreases between years. The 2008 budget projects no sales, costs of sales, or expenses due to missing data. It also requests $268,766 for capital and $5,190 for expenses. Projections for 2009-2010 assume the same sales amounts as 2008, with costs estimated at 81.8% of sales and margins at 18.2-19.9% of sales, yielding an EBITDA of around $1.2 million each year.
- The document discusses strategies for running a Finance Shared Service Center (FSSC) as a user-centric business focused on meeting customer needs.
- It identifies the local finance department, functional departments, and external parties as key customers and emphasizes embedding the FSSC within the local finance team.
- The document also covers change management strategies, process improvements, and tools like Lean and Six Sigma that could help centralize processes while still meeting local needs.
Basic accounting principles provide the rules for recording transactions and reporting financial information. They ensure consistency and allow for statutory reporting, banking relationships, and gaining supplier credit. The key principles include accounting standards, concepts, and policies set by laws, listing rules, GAAP, IAS, and IFRS. Major concepts include the business entity, going concern, consistency, matching, accrual, prudence, and revenue recognition concepts. Proper application of accounting principles requires collaboration between departments to accurately record revenues, costs, and expenses in the correct period.
The document discusses budgeting as a management tool. It provides an overview of the budgeting process, including looking at past income statements and charts of accounts, filling in figures for the coming year, and having people act on the budget. It also discusses factors that contribute to successful persuasion when getting others to accept and align with the budgeting process. The document outlines some key concepts in budgeting such as assumptions, strategies, constraints and the iterative nature of the budgeting process.
The document contains tables with plans and factors for amounts, colors, and transparency across multiple weeks. It also includes source data with targets and actuals for each week. Many of the cells contain errors due to invalid formulas.
New missions for HR - Internal control 2010 ch 9Dick Lam
The document discusses the new missions of HR which include building an ethical system within an organization by defining right and wrong values and promulgating action principles. It also talks about nurturing human capital and maintaining ethical systems. It provides examples of ethical principles like the value of life, goodness, justice, honesty, and individual freedom. It discusses areas for practicing ethics like codes of conduct, orientation, appraisal, atmosphere, and communication channels. It gives Enron's 65-page code of conduct as an example that was based on Boy Scout values but notes it advised doing as it said, not as it did.
This document contains notes from a presentation on finance and operations reporting. It discusses the role of a junior manager focusing on daily reporting of expenses, sales, production outputs, and other metrics. While the work can feel "lame" compared to strategic work, reporting is still important for triggering actions, generating alerts, and helping the organization avoid recurring problems. The presentation emphasizes establishing critical reporting elements like clear formatting, highlighting trends, and asking questions; and using IT tools effectively to analyze data and knowledge rather than just prove work is being done. It also discusses materials, production, and planning reporting factors to consider.
- The document discusses strategies for running a Finance Shared Service Center (FSSC) as a user-centric business focused on meeting customer needs.
- It identifies the local finance department, functional departments, and external parties as key customers and emphasizes embedding the FSSC within the local finance team.
- The document also covers change management strategies, process improvements, and tools like Lean and Six Sigma that could help centralize processes while still meeting local needs.
Basic accounting principles provide the rules for recording transactions and reporting financial information. They ensure consistency and allow for statutory reporting, banking relationships, and gaining supplier credit. The key principles include accounting standards, concepts, and policies set by laws, listing rules, GAAP, IAS, and IFRS. Major concepts include the business entity, going concern, consistency, matching, accrual, prudence, and revenue recognition concepts. Proper application of accounting principles requires collaboration between departments to accurately record revenues, costs, and expenses in the correct period.
The document discusses budgeting as a management tool. It provides an overview of the budgeting process, including looking at past income statements and charts of accounts, filling in figures for the coming year, and having people act on the budget. It also discusses factors that contribute to successful persuasion when getting others to accept and align with the budgeting process. The document outlines some key concepts in budgeting such as assumptions, strategies, constraints and the iterative nature of the budgeting process.
The document contains tables with plans and factors for amounts, colors, and transparency across multiple weeks. It also includes source data with targets and actuals for each week. Many of the cells contain errors due to invalid formulas.
New missions for HR - Internal control 2010 ch 9Dick Lam
The document discusses the new missions of HR which include building an ethical system within an organization by defining right and wrong values and promulgating action principles. It also talks about nurturing human capital and maintaining ethical systems. It provides examples of ethical principles like the value of life, goodness, justice, honesty, and individual freedom. It discusses areas for practicing ethics like codes of conduct, orientation, appraisal, atmosphere, and communication channels. It gives Enron's 65-page code of conduct as an example that was based on Boy Scout values but notes it advised doing as it said, not as it did.
This document contains notes from a presentation on finance and operations reporting. It discusses the role of a junior manager focusing on daily reporting of expenses, sales, production outputs, and other metrics. While the work can feel "lame" compared to strategic work, reporting is still important for triggering actions, generating alerts, and helping the organization avoid recurring problems. The presentation emphasizes establishing critical reporting elements like clear formatting, highlighting trends, and asking questions; and using IT tools effectively to analyze data and knowledge rather than just prove work is being done. It also discusses materials, production, and planning reporting factors to consider.
Examples of some functions used in advanced way. You will realize the power of Excel in resolving real life problem, particularly in inventory management
Downloading to view is strongly recommended; otherwise, the limitation of slideshare.net
The document discusses various topics related to operational reporting from a finance perspective. It begins by describing the role and mindset of a junior manager focused mainly on reporting figures. It then provides details about the author's background and contact information. The remainder of the document offers suggestions on types of reports to generate, including daily sales reports, monthly sales forecasts, and gross margin reports. It emphasizes the importance of focusing reports on key indicators, using clear formatting, and taking action based on the data presented.
A standalone and complete model for keeping in/out record of inventory. A good reference for Excel advanced functions.
It is better viewed in Excel 2007 as some functions cannot be used in Excel 2003
The document provides information on risk management for manufacturing. It discusses financial crises in the UK and US and responses from Gordon Brown, Barack Obama, and George Bush. It then covers cash flow issues for businesses and strategies for risk management, including managing accounts receivable, production and inventory, cash, and people. The author Dick Lam has experience in management accounting and is a member of accounting organizations in Hong Kong and the UK.
The document discusses budgeting and the budgeting process. It begins by explaining the need for budgets and reasons why budgets may be ineffective. It then outlines the typical budgeting process, including setting objectives and assumptions, developing strategies to meet targets within any constraints, and calculating the budget. The importance of linking the budget to daily operations and performance is emphasized.
The document contains data on targets and actuals over multiple weeks for different projects. It also includes waterfall charts showing performance against plan by week. The charts contain functions to automatically generate single and three-color waterfall diagrams from the source data.
Teks tersebut berisi 4 pertanyaan untuk menguji kemampuan berpikir seseorang sebagai professional. Pertanyaan-pertanyaan tersebut sederhana namun menguji kemampuan berpikir secara menyeluruh dan ingatan. Menurut studi, kebanyakan professional gagal menjawab pertanyaan-pertanyaan tersebut.
Sura Al Alaq membahas tentang pentingnya membaca dan mengaji Al Quran serta mengingatkan manusia agar tidak sombong dan selalu mengingat Allah. Juga ditegaskan bahwa siapa yang menghalangi orang lain dalam beribadah akan dihukumi oleh Allah.
The document discusses implementing lean principles within the services division of a major insurance company. It provides context on the company, noting it has over £1.2 billion in total turnover worldwide. The UK and Ireland division accounts for £145 million and aims to grow to £200 million by 2006. The document outlines current issues like flat sales growth and over-reliance on brokers. It then discusses applying lean tools and principles to strategic areas like order fulfillment and sales acquisition processes to drive efficiency, reduce waste, and support the strategic goal of growing sales. Implementing lean is intended to help the UK division become a leading performer within the parent company.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors, indicating there is no data or invalid calculations for most of the months.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like pageviews, posts, registrations, uploads, downloads, views and growth percentages. However, most of the data cells are blank or show errors, indicating a lack of consistent measurement and reporting over the periods.
This document presents an efficiency enhancement calculator to evaluate opportunities for improving a company's product development process and reducing costs. It collects key metrics on current performance such as missed launch targets, compliance vulnerabilities, and the financial impact of issues. Users can then estimate potential improvements and savings after enhancing the process. The goal is to quantify the business case for process investments that could help deliver products on time, meet requirements, and lower development expenses.
This document provides instructions and templates for spreadsheets to help determine the costs of developing and operating a child care center. The spreadsheets include a project sources and uses budget, development budget, construction budget, and two-year cash flow budget. The development budget breaks down acquisition costs, hard costs, soft costs, lending costs, and other startup costs. The construction budget further details the construction line item.
This document contains an employee handbook for a restaurant. It covers various employment policies such as hiring, orientation, training, evaluations, schedules, overtime. It also covers restaurant policies like customer service, management/employee relations, safety, sanitation, dress code, accidents, alcohol serving, and solicitation. The handbook aims to help new employees understand how the restaurant operates and what is expected of them.
The document provides financial information for Toys R Us for fiscal years 2008 and 2009. It includes quarterly and annual income statements, balance sheets, cash flow statements and key financial ratios. For 2009, full year figures are not provided as the year is not yet complete. Quarterly operating income is $2 million for Q1 2009 but figures for subsequent quarters and the full year are listed as DIV/0, indicating no data is available yet. Current assets are $3.12 billion for 2009 but current ratios cannot be calculated without full year data. Total debt is $5.9 billion in long term liabilities and $48 million in short term as of 2009.
1. The document discusses improving customer service in manufacturing by shifting from a reactive to proactive paradigm.
2. It highlights some inherent problems within organizations from an operational perspective that can lead to bad customer experiences.
3. The author argues for understanding the full value chain, customer demand, inventory levels, and using tools like Excel to improve communication and better serve customers.
Examples of some functions used in advanced way. You will realize the power of Excel in resolving real life problem, particularly in inventory management
Downloading to view is strongly recommended; otherwise, the limitation of slideshare.net
The document discusses various topics related to operational reporting from a finance perspective. It begins by describing the role and mindset of a junior manager focused mainly on reporting figures. It then provides details about the author's background and contact information. The remainder of the document offers suggestions on types of reports to generate, including daily sales reports, monthly sales forecasts, and gross margin reports. It emphasizes the importance of focusing reports on key indicators, using clear formatting, and taking action based on the data presented.
A standalone and complete model for keeping in/out record of inventory. A good reference for Excel advanced functions.
It is better viewed in Excel 2007 as some functions cannot be used in Excel 2003
The document provides information on risk management for manufacturing. It discusses financial crises in the UK and US and responses from Gordon Brown, Barack Obama, and George Bush. It then covers cash flow issues for businesses and strategies for risk management, including managing accounts receivable, production and inventory, cash, and people. The author Dick Lam has experience in management accounting and is a member of accounting organizations in Hong Kong and the UK.
The document discusses budgeting and the budgeting process. It begins by explaining the need for budgets and reasons why budgets may be ineffective. It then outlines the typical budgeting process, including setting objectives and assumptions, developing strategies to meet targets within any constraints, and calculating the budget. The importance of linking the budget to daily operations and performance is emphasized.
The document contains data on targets and actuals over multiple weeks for different projects. It also includes waterfall charts showing performance against plan by week. The charts contain functions to automatically generate single and three-color waterfall diagrams from the source data.
Teks tersebut berisi 4 pertanyaan untuk menguji kemampuan berpikir seseorang sebagai professional. Pertanyaan-pertanyaan tersebut sederhana namun menguji kemampuan berpikir secara menyeluruh dan ingatan. Menurut studi, kebanyakan professional gagal menjawab pertanyaan-pertanyaan tersebut.
Sura Al Alaq membahas tentang pentingnya membaca dan mengaji Al Quran serta mengingatkan manusia agar tidak sombong dan selalu mengingat Allah. Juga ditegaskan bahwa siapa yang menghalangi orang lain dalam beribadah akan dihukumi oleh Allah.
The document discusses implementing lean principles within the services division of a major insurance company. It provides context on the company, noting it has over £1.2 billion in total turnover worldwide. The UK and Ireland division accounts for £145 million and aims to grow to £200 million by 2006. The document outlines current issues like flat sales growth and over-reliance on brokers. It then discusses applying lean tools and principles to strategic areas like order fulfillment and sales acquisition processes to drive efficiency, reduce waste, and support the strategic goal of growing sales. Implementing lean is intended to help the UK division become a leading performer within the parent company.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors, indicating there is no data or invalid calculations for most of the months.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like forum posts and views, blog posts and views, registrations, downloads, and page views. Many of the metrics show #DIV/0! or #REF! errors for the first few months of the year, indicating no data or values were available.
The document contains metrics for measuring the performance of a community health site from January to October. It tracks metrics like pageviews, posts, registrations, uploads, downloads, views and growth percentages. However, most of the data cells are blank or show errors, indicating a lack of consistent measurement and reporting over the periods.
This document presents an efficiency enhancement calculator to evaluate opportunities for improving a company's product development process and reducing costs. It collects key metrics on current performance such as missed launch targets, compliance vulnerabilities, and the financial impact of issues. Users can then estimate potential improvements and savings after enhancing the process. The goal is to quantify the business case for process investments that could help deliver products on time, meet requirements, and lower development expenses.
This document provides instructions and templates for spreadsheets to help determine the costs of developing and operating a child care center. The spreadsheets include a project sources and uses budget, development budget, construction budget, and two-year cash flow budget. The development budget breaks down acquisition costs, hard costs, soft costs, lending costs, and other startup costs. The construction budget further details the construction line item.
This document contains an employee handbook for a restaurant. It covers various employment policies such as hiring, orientation, training, evaluations, schedules, overtime. It also covers restaurant policies like customer service, management/employee relations, safety, sanitation, dress code, accidents, alcohol serving, and solicitation. The handbook aims to help new employees understand how the restaurant operates and what is expected of them.
The document provides financial information for Toys R Us for fiscal years 2008 and 2009. It includes quarterly and annual income statements, balance sheets, cash flow statements and key financial ratios. For 2009, full year figures are not provided as the year is not yet complete. Quarterly operating income is $2 million for Q1 2009 but figures for subsequent quarters and the full year are listed as DIV/0, indicating no data is available yet. Current assets are $3.12 billion for 2009 but current ratios cannot be calculated without full year data. Total debt is $5.9 billion in long term liabilities and $48 million in short term as of 2009.
1. The document discusses improving customer service in manufacturing by shifting from a reactive to proactive paradigm.
2. It highlights some inherent problems within organizations from an operational perspective that can lead to bad customer experiences.
3. The author argues for understanding the full value chain, customer demand, inventory levels, and using tools like Excel to improve communication and better serve customers.
Reporting for operation 1 (restructured course)Dick Lam
This document discusses several topics related to business management including theories of profit maximization, sales and cost reduction strategies, objectives of performance measurement, Howard Gardner's five minds framework, the concept of passion in driving change, and structuralism as a theoretical paradigm. It provides examples and definitions for various concepts like reciprocal induction, the inferiority complex, human nature, and the seven types of waste. The overall document presents an overview of different ideas and approaches for analyzing and improving business operations and performance.
This document discusses the importance of financial knowledge for general management. It argues that financial data can help managers make objective, data-driven decisions while overseeing large-scale operations. However, it also notes that relying solely on financial figures without understanding people and operations can be limiting. The document advocates for an approach that incorporates financial metrics alongside collaborative, rational thinking to properly structure organizations and empower staff. Financial literacy is presented as a tool that can bridge different functions and help achieve organizational goals when used reasonably and with the right people's interests in mind.
The document discusses the importance of collaboration and trust within organizations. It notes that through collaboration and learning, people can achieve things they never thought possible and extend their capacity to create. However, collaboration also requires addressing potential challenges like determining common interests when perspectives differ, establishing trust among peers, ensuring fairness and reciprocity in social exchanges, and developing a culture of openness where checks and balances are valued. The document stresses that collaboration is key to overcoming inertia within systems and breaking through to new possibilities.
This is the draft agenda of the training seminar of Production Scheduling. You are welcome to provide your suggestion on the content of this seminar.
You can write me to the following email address:
dicklam128@hotmail.com
The training seminar of Production Scheduling is expected to launch on April 2011 both in Hong Kong and Shanghai.
If you are interested in joining the training seminar, you can contact the following training institution:
Hong Kong: training@universal-hk.net
Shanghai: enquiry@medglory.com
The document appears to be a general ledger report with various accounting codes, values, and tables. However, most of the values are marked as "#VALUE!" or "Err:508" indicating there are errors or missing values in the ledger. It includes basic ledger information like account codes and names, transactions, departments, and voucher numbers but the financial values themselves seem to be invalid.
The document provides headcount and salary assumptions for Dickson Manufacturing Company's 2006 budget. It lists positions within various departments including management, finance, human resources, supply chain, and production. For each position it provides the 2005 basic salary, expenses per staff including overtime pay and pension contributions. The headcount assumptions will inform the labor costs within the company's 2006 budget.
This document discusses using Excel for inventory costing and management. It recommends focusing on operational metrics like inventory turn rather than just financial calculations. Managers should balance operational and financial concerns by working with both customers and suppliers. Key factors to determine include the visibility window for inventory planning, target inventory levels, and alerts for excessive, obsolete, or out-of-stock inventory. Effective inventory management requires setting appropriate target inventory levels for different material categories while maximizing constraints like material availability and workflow processes.
This document outlines a two-day course on costing and inventory management using Excel. Day 1 covers underlying MRP principles, inventory forecasting, bills of materials, and Excel modeling. Day 2 focuses on template construction, stock aging reports, and Excel skills like functions and formulas. Key concepts discussed include target inventory levels, safety stock, materials requirements planning, bills of materials, routings, and using Excel functions to analyze inventory data.
1. Budgeting is an important tool for companies to plan and simulate financial outcomes for the upcoming year. It helps identify risks, opportunities, and strategies through developing objectives, assumptions, and calculations.
2. Common reasons for ineffective budgets include it being a top-down exercise with little value, lack of monitoring, and failure to link the budget to daily operations and performance.
3. The budgeting process involves determining objectives and assumptions, outlining strategies to meet targets within constraints, and developing the methodology and calculations to project sales, costs, expenses, and profits.
The document provides an overview of budgeting as a management tool and the budgeting process. It discusses identifying constraints, developing sales and production budgets, determining material, labor and overhead costs, and putting the pieces together in an income statement. The key aspects covered are determining assumptions, setting sales targets, projecting material and labor needs, and ensuring budgets are detailed enough while not overly complex. The overall message is that budgets should align with company strategy and operations to be effective management tools.
Financial Risk Management For ManufacturingDick Lam
The document discusses financial risk management strategies for manufacturing companies during economic downturns. It provides examples of economic stimulus plans from Gordon Brown, Barack Obama, and George Bush in response to the 2008 financial crisis. The document then discusses various risk management strategies companies can adopt, including examining accounts receivable, inventory levels, cash flow, and personnel risks. It emphasizes regularly monitoring key performance and risk indicators to ensure business stability during difficult economic conditions.