...Question a. Why is corporate finance important to all managers? Corporate Finance is important to all managers because it gives them the skills necessary to identify and select the corporate strategies that could add value to the company. Question b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. |Organizational Form |Advantages |Disadvantages | |Sole Proprietorship |It is easily and inexpensively formed. |Difficult to obtain the necessary capital | | |It is subject to few Government rules and |needed for expansion and growth. | | |regulations. |Due to unlimited personal liability for the | | |Its income is not subject to corporate |business’ debts, the Proprietor may incur | | |taxation, but is taxed as part of the |losses that exceed the money invested. | | |Proprietor’s personal income. |The life of the proprietorship is limited to | | ...
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...Corporate Finance Problem Set 1 1) Calculate the indicated amounts and financial ratios for Big Apple Enterprises. Please indicate the formula that you used to calculate the amounts or ratios. It may be most efficient to transfer the problem to an Excel spreadsheet and perform the calculations there. | Big Apple Enterprises | | | (1) | ------------------------------------------------- (2) | | | | | ------------------------------------------------- Common Size the Balance Sheet and Income Statement | ------------------------------------------------- | ------------------------------------------------- 2010 | ------------------------------------------------- 2011 | | ------------------------------------------------- 2010 | ------------------------------------------------- 2011 | ------------------------------------------------- Total Assets | ------------------------------------------------- 50000 | ------------------------------------------------- 65000 | | ------------------------------------------------- 100% | ------------------------------------------------- 100% | ------------------------------------------------- Inventories | ------------------------------------------------- 6000 | ------------------------------------------------- 9000 | | ------------------------------------------------- 12.0 | ------------------------------------------------- 13.8 | ------------------------------------------------- Receivables | ------------------------------------------------- ...
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...American Intercontinental University FIN630 – Financial Management Theory and Practice Unit 1 Individual Project November 12, 2011 Abstract This paper will present an analysis of the United Kingdom (U.K.) and the United Arab Emirates (U.A.B.) to determine both suitability and potential in each of the countries for a Greenfield project. This analysis will compare the financial conditions in each country as well as trade policies, currencies and cultural variables which could affect the project. This paper will also include a recommendation to the steering committee of Acme as to which may be the preferred country for the Greenfield project. Introduction To begin, I will give the definition of a Greenfield Investment: “A term which describes investment in a manufacturing or production plant in an area where little or no physical infrastructure or facilities exists” (Financial Glossary, n.d). In other words, building or establishing a plant or other type facility where there was nothing previously. The opposite would be considered a Brownfield Investment, which is established in or on existing facilities or grounds. Multinational enterprise Acme, is currently considering expanding their business globally by establishing a Greenfield facility in a foreign country. Foreign countries each have their own unique policies in regards to establishing a business, as well as their own cultural proclivities, currencies and laws. This paper will offer analysis regarding...
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...The Basics of Capitol Budgeting: Evaluating Cash Flows Mini Case a. Capital budgeting is the process of analyzing projects and determining which ones to accept and include in the capital budget. b. Independent projects are ones that can both be accepted without either affecting the other. Mutually exclusive projects are ones that if one is accepted the other must be rejected. c. 1. The net present value is the projects present value of inflows minus its cost. It shows us how much the project contributes to the shareholders wealth. The NPV of each franchise are: a. NPV of Franchise L – $17.08 (In thousands) b. NPV of Franchise S – $18.17 (In thousands) 2. The rationale behind the NPV method is that if we can determine what the project is worth to the share holders. If the franchises are independent then both should be accepted because they both have a NPV > 0. If the franchises are mutually exclusive Franchise S should be accepted because it has a higher NPV than Franchise L. 3. Yes, the NPVs would change if the cost of capital changed. d. 1. The internal rate of return is the discount rate that forces the present value of the inflows to equal the initial cost. The IRR of each franchise are: a. IRR of Franchise L – 18% b. IRR of Franchise S – 24% 2. The IRR is the expected rate of return of the project just like the YTM is the promised rate of return of a bond. 3. The logic behind the IRR method...
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...EBITDA of $8 million and net income of $2.4 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? EBT = Net Income/ (1-T) = 2,400,000/ (1-.40) = $4,000,000 Tax = EBT * T = $4,000,000 * 40% = $1,600,000 Dep. & Amort. = Earning after Interest but before Depreciation – EBT Dep & Amort. = $6,000,000 - $4,000,000 =$2,000,000 (2-5) Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow? Assume it had no amortization expense. Net cash flow = Net income + Depreciation Net Income = $3,100,000 Depreciation = $500,000 NCF = $3,100,000 + $500,000 NCF = $3,600,000 (2-6) . In its most recent financial statements, Del-Castillo Inc. reported $70 million of net...
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...Ebook Financial Theory Copeland Weston Solutions from our online library FINANCIAL THEORY COPELAND WESTON SOLUTIONS PDF Download: FINANCIAL THEORY COPELAND WESTON SOLUTIONS PDF FINANCIAL THEORY COPELAND WESTON SOLUTIONS PDF - Are you looking for PDF/Ebooks Financial Theory Copeland Weston Solutions?. You will be glad to know that right now Financial Theory Copeland Weston Solutions is available on our online library. With our online resources, you can find Financial Theory Copeland Weston Solutions or just about any type of manual, for any type of product. Best of all, they are entirely free to find, use and download, so there is no cost or stress at all. Financial Theory Copeland Weston Solutions may not make exciting reading, but Financial Theory Copeland Weston Solutions is packed with valuable instructions, information and warnings. We also have many ebooks and user guide is also related with Financial Theory Copeland Weston Solutions, include : Copeland Weston Shastri Financial Theory, financial theory and corporate policy copeland pdf, Financial Theory And Corporate Policy Copeland, Financial Theory And Corporate Policy Copeland Pearson, Thomas Copeland Financial Theory And Corporate Policy, Copeland Weston Shastri, Weston And Copeland Managerial Finance, Copeland Weston Shastri Chapter 5, Financial Accounting Theory Deegan Solutions, financial accounting theory 5th edition solutions, Financial Accounting Theory Deegan 4e Solutions, scott financial accounting...
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...School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT University Swinburne University of Technology The University of Ballarat The University of Melbourne Victoria University WESTERN AUSTRALIA Curtin University of Technology Edith Cowan University Murdoch University The University of Notre Dame Australia University of Western Australia SINGAPORE Nanyang Technological University Singapore Management University Page 3 3 3 3 3 4 4 4 4 4 5 5 5 6 6 6 7...
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...BKAF3083 COURSE : ACCOUNTING THEORY AND PRACTICE PRE-REQUISITE : BKAF3073 FINANCIAL ACCOUNTING AND REPORTING IV |Lecturer |Group |Room |Ext. |e-mail | |DR. DHIAA SHAMKI |C & F |3.07 |3740 |dhiaashamki@uum.edu.my | 1.0 SYNOPSIS This course is an advanced level course focusing on financial accounting theory; and as such, it differs from other accounting courses learnt previously. It is designed to further enhance students’ understanding of the concepts and issues in accounting theory and practices. This course involves the study of the practical and theoretical issues involved in the development, implementation and changes in accounting theories and regulatory framework. As this course will be seminal-like, this course will provide students with some generic skills required in the accounting profession such as team working, interaction, leadership, follower-ship, critical and creative thinking skills, decision making skills, analytical skills, communication skills as well as professional demeanor. 2.0 OBJECTIVES Upon completion of this course, students are expected: 2.1 to understand the principles, concepts and issues in accounting theory, financial accounting theory and reporting practices, 2.2 to critically evaluate...
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...Chapter 1 Operations Management: Trends & Issues Operations Management Definition An operations system is defined as one in which several activities are performed to transform a set of inputs into useful output using a transformation process Operations Management is a systematic approach to address all the issues pertaining to the transformation process that converts some inputs into output that are useful, and could fetch revenue to the operations system Mahadevan (2010), “Operations Management: Theory & Practice”, 2nd Edition © Pearson Education Operations Management (OM) Salient Aspects OM is a systematic approach using scientific tools & techniques and solution methodologies to analyze problems OM is about addressing several issues varying in terms of time horizon, nature of decisions Transformation processes are central to Operations Focusing on keeping costs to the minimum Developing a set of measures to assess performance of the system Mahadevan (2010), “Operations Management: Theory & Practice”, 2nd Edition © Pearson Education Manufacturing Sector Salient Aspects Index of Industrial Production* 2003‐04 2004‐05 2005‐06 2006‐07 Average Manufacturing 9.20 9.10 12.50 10.27 Capital goods 13.60 13.90 15.80 18.20 15.38 Consumer goods 7.20 11.70 12.00 10.10 10.25 Intermediate goods 6.40 6.10 2.50 12.00 6.75 # Corporate Sector Performance Sales/Income: Manufacturing 13.30 20.50 18.30 23.10 18.80 Sales/Income: Services (other than ...
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...Standardization of Management Accounting Li-qun Pang Department of accounting, Jilin Business and Technology College 130062, Changchun, China pangliqun1965@126.com Abstract. In order to solve the apparent lack of standardization problem of management accounting theory, because this problem is not only restricted the management accounting application and promotion in China's enterprises, but also hindered their own theory the depth development and research efficiency. This paper describes the standardization of management accounting principles, this paper discusses the basic theory that the standardization of management accounting, Analysis of building management accounting theoretical framework the various elements and the logical relationship between them, and select the appropriate logical starting point as a starting point to build the foundation of management accounting theoretical framework. Keywords: management accounting, standardization, basic principles, basic theoretical system, theoretical framework. 1 Introduction Management accounting as one of the two branches of modern accounting, after decades of development, both in theory and practice have made some development, its important role of business management has gradually been of concern to the community, and follow-up is considered the accounting industry development. But in general, Management accounting in China there are still many problems, as opposed to the development of more sophisticated financial accounting...
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...com/1176-6093.htm Research in management accounting innovations An overview of its recent development Nur Haiza Muhammad Zawawi Department of Accounting and Finance, University of Malaysia Terengganu, Kuala Terengganu, Malaysia and School of Accounting, La Trobe University, Melbourne, Australia, and Management accounting innovations 505 Zahirul Hoque School of Accounting, La Trobe University, Melbourne, Australia Abstract Purpose – The purpose of paper is to present a review of the literature on management accounting innovations (MAIs). Specifically, it explores recent developments in research on MAIs and offers suggestions for future research. The review differs from existing reviews by its specific focus on MAIs and the recent time period covered. In this paper, MAIs refer to the adoption of “newer” or modern forms of management accounting systems such as activity-based costing (ABC), activity-based management, time-driven ABC, target costing, and balanced scorecards. Design/methodology/approach – The paper presents a review of findings from journal articles published in 22 notable accounting journals. Findings – The review finds that research on MAIs has intensified during the period 2000-2008, with the main focus on exploring the extent to which a host of organizational and environmental factors influence the implementation and use of MAIs in organizations. In addition, research on MAIs indicates the dominant use of sociological theories and increasing use of empirical/field...
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...|Unit title |Supporting Good Practice in Performance and Reward Management | |Level |3[1] | |Credit value |6 | |Unit code |3PRM | |Unit review date |Sept. 2011 | Purpose and aim of unit This unit provides an introduction to the purpose and processes of performance and reward management and the role of human resources (HR) in promoting and supporting good practice. Studying this unit will enable learners to develop their understanding of how motivational theories and associated tools can be used within the context of performance and reward management and how these can have a positive impact on an organisation’s business objectives. It also provides an overview of appropriate skills and good practice associated with performance management reviews and follow-up and the data management aspects. Additionally learners will understand the role of financial and non-financial benefits and important determinants of reward decisions. On completion, learners...
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...ACCOUNTING THEORY (FAR 600) Teaching and Learning Arrangements (SEMESTER: SEPT 2013 – JAN. 2014) COURSE CODE : FAR 600 PROGRAM : BACHELOR OF ACCOUNTING (HONS) CREDIT HOURS : 3 CONTACT HOURS : 3 STATUS : CORE TEACHING LECTURER : Prof Dr Rohana Othman OFFICE & PHONE NO. : Room 419 (Off. Tel: 03-55444987) E-MAIL : rohana799@gmail.com SYNOPSIS This course is designed to further enhance the students’ understanding of the concepts and issues in accounting theory and practices. The course involves the study of the practical and theoretical issues involved in the development, implementation and changes in conceptual framework and regulatory framework. COURSE OUTCOME At the end of the course, students should be able to: 1. Discuss the various theories and paradigms in accounting. 2. Demonstrate an understanding on the concept of Islamic Accounting, the need for it and its differences to conventional accounting. 3. Evaluate the evolution of the conceptual framework and standard setting process, nationally and internationally. 4. Evaluate the relationship between accounting theories and framework to the practice in the real world. 5. Analyze the recognition, measurement and other current issues in financial reporting. COURSE OUTLINE |Week |Topic |Contact Hours |Learning...
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... | |Reward Management | |By Rebecca Ambler | BMO 0210 – CIPD Reward Management This assignment will critically evaluate reward philosophy, strategy and policy in Genix Healthcare Ltd. The Key economic, psychological and motivational theories that influence reward policies and practices will be identified as should the factors that influence employee satisfaction with our rewards and the reward system such as equity, fairness, consistency and transparency. Overview of Company Genix Healthcare is the UK’s fifth largest dental corporate company, founded in 2005 Genix was set up to address the shortage of NHS dentists in the UK by providing easy access to affordable dental care. In 2006, Genix Healthcare bought its first dental clinic in Garforth, Leeds. To support the local community Genix became the main sponsors of Garforth Town Football Club. By the end of 2006, Genix acquired six more clinics. One of these was in Conisbrough, Doncaster, where Genix worked closely with Doncaster PCT to give more than 3000 additional patients access to an NHS dentist. So far in 2012 Genix has acquired two new practices: one in Beeston, Leeds and another in the centre of Edinburgh - Genix’s first dental practice in Scotland. Since Genix...
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...that the evidence of HRM-performance linkage is weak because theoretical and methodological issues remain among most of these studies. So, this essay will mainly analyze theories concerning on HRM and firm performance relationships and methodological problems in empirical studies. As there are flaws in both theories and the process of studying the relationships, this essay concludes that the evidence in favor of HRM’s impact on organisatioanl performance is weak. It seems that it is better to pay more attention to the HRM’s theories and methodologies in order to further the understanding the correlation between HRM and firm performance. TABLE OF CONTENTS 1. Introduction 4 2. Evidence of previous studies 5 3. Theoretical evidence 8 3.1 Categorizing theories 9 3.1.1 Strategic theories 9 3.1.2 Descriptive theories 11 3.1.3 Normative theories 11 3.2 Conceptual theories 13 4. Methodological issue 15 4.1 Measurement of HRM 16 4.2 Measurement of performance 17 5. Conclusion 18 1. Introduction Human resource managers have been worrying about the inability to prove their contribution to the organisations for a long time (Drucker, 1954, and Stewart, 1996, cited in Wright, Gardner, Moynihan and Allen, 2005). As responses to the uncertainty of whether human resource management (HRM) has an impact on organisational performance, there have been a lot of studies emerging and attempting to prove HRM does add values to firms. Until now, a developing...
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