...Report Form of Fund Flow Statement | | |Sources of Fund: | | |Fund from operation | | |Issue of share Capital | | |Reissuing of long term loans | | |Sale of fixed assets | | |Non trading receipts (dividend) | | |Sale of investment | | |Decrease in working capital if any | | |Total –A | | | | | |Application of fund : ...
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...producing inter procedural static data flow graphs. The method used in this paper is a sort of progressive mining approach: A start location for the data flow edges is outlined, and through multiple iterations, the forward data flow step operation is taken on the universe, until no new paths have been found. I. INTRODUCTION New tools often provide novel approaches to longstanding problems. In the next update of C-Atlas, Ensoft intends to update the capabilities of C-Atlas. These improvements are intended to provide a customizable approach to evaluating a program’s design, structure, and security. Such an update seeks to address any number of problems. Analyzing a C program’s memory management is one such problem. This project would seek to use C-Atlas to better analyze C memory management. In memory leak (memory management) analysis, the user must show that for every path forward from an variable’s allocation, there exists at least one deallocation site for that variable. This task is trivial, unless the variable’s allocation and deallocation(s) are separated by a vast field of possible control flow. C-Atlas offers a flexible interface for data flow graph generation as a solution to this problem. Through this interface, one may then produce connected data flow graphs, allowing a single variable’s path to be traced through multiple functions. This visual aide can greatly increase the time efficiency of performing memory leak analysis. The idea of this project was to write...
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...FINANCIAL MANAGEMENT Financial Statement Analysis The process of determining financial strengths and weaknesses of a firm by establishing strategic relationship between the items of the balance sheet, profit and loss account and other operative data. Financial Statement Analysis Metcalf and Titard:It is a process of evaluating the relationship between component parts of a financial statement to obtain a better under standing of a firm’s position and performance. Financial Statement Analysis Purpose:To diagnose the information contained in financial statements so as to judge the profitability and financial soundness of the firm. Types of Financial Analysis On the basis of: The materials used. The modus operandi of analysis – i.e., the method of operation followed in the analysis. Types of Financial Analysis On the basis of materials used: External analysis. Internal analysis. Types of Financial Analysis On the basis of materials used: External analysis. • This analysis is done by outsiders who do not have access to the detailed internal accounting records of the business firm. (Investors, creditors, government agencies, credit agencies and general public.) Types of Financial Analysis On the basis of materials used: Internal analysis. • This analysis is conducted by persons who have access to the internal accounting records of a business firm. (Executives and employees of the organization and government agencies which have statutory powers...
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...1. EXECUTIVE SUMMARY Financial analysis is the starting point for making plans, before using any sophisticated forecasting and planning procedures. Understanding the past is a prerequisite for anticipating the future. Financial analysis is the process of identifying the financial strength and weakness of the firm by properly establishing relationship between the items of the balance sheet and the profit and loss account. Financial analysis can be undertaken by management of the firm, or by parties outside the firm, viz. owners, creditors, investors and others. The nature of analysis will differ depending on the purpose of the analyst. 1. Investors: Who invested their money in the firm’s shares, are most concerned about the firm’s earnings. They more confidence in those firm’s that show steady growth in earnings. As such, they concentrate on the analysis of the firm’s present and future profitability. They are also interested in the firm’s financial structure to that extent influence the firm’s earning ability and risk. 2. Trade creditors and financial institution: they are interested in firm’s ability to meet their claims over a very short period of time. Their analysis will, therefore, confine to the evolution of the firms liquidity position. And the financial institutions are interested in the financial statements of the borrowing concern to ascertain its short- term as well as long-term solvency and also it profitability. 3. Suppliers: On the other hand, are concerned...
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...A REPORT OF PROJECT ON FINANCIAL STATEMENT ANALYSIS IN MANGALORE REFINARY AND PETROCHEMICALS LIMITED Under the guidance of Internal Guide Ms.Ramya.R Management and commerce department Amrita School of Arts and Sciences Mysore Extrnal Guide Alpana Dosaj Finance Department Mangalore Refinery and Petrochemicals Limited Mangalore SUBMITTED TO MANAGEMENT AND COMMERCE DEPARTMENT AMRITA SCHOOL OF ARTS AND SCIENCES MYSORE Submitted By: D Ravi Thirumaleshwara Sharma MY.BU.U3BBM09019 BBM 5TH SEM Amrita School of Arts and Sciences Mysore FINANCIAL STATEMENT ANLYSIS OF MRPL Page 1 ACKNOWLEDGEMENT I have taken efforts in this project. However, it would not have been possible without the kind support and help of many individuals and organizations. I would like to extend my sincere thanks to all of them. I am highly indebted to M/S. ALPANA DOSAJ for their guidance and constant supervision as well as for providing necessary information regarding the project & also for their support in completing the project. My deepest thanks to Lecturer, M/S RAMYA. R the Guide of the project for guiding and correcting various documents of mine with attention and care. She has taken pain to go through the project and make necessary correction as and when needed. I express my thanks to the Principal M/S VIDYA PAI, AMRITA SCHOOL OF ARTS AND SCIENCES, for extending his support. My deep sense of gratitude to Mr. RAMAN TRAINING CHIEF, Mr. JOSE DGM OF TRAINING DEPARTMENT OF MANGALORE REFINERY...
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...alternative investments if they differ in size. To adjust for the size, or scale, problem, the standard deviation can be divided by the expected return to compute the coefficient of variation (CV) – a measure of “risk per unit of expected return.” Investor’s Attitude towards Risk Investors have different attitudes while deciding between the risk and return in an investment. Investors are, by and large, risk averse. This implies that they demand a higher expected return, the higher the risk. The expected return from a portfolio The expected return from a portfolio (or group) of investments is simply a weighted average of the expected returns of the securities comprising that portfolio. The weights are equal to the proportion of total funds invested in each security. (The weights must sum to 100 percent.) Covariance The covariance of the possible returns of two securities is a measure of the extent to which they are expected to vary together rather than independently of each other. For a large portfolio, total variance and, hence, standard deviation depend primarily on the weighted covariances among...
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... TERM PAPER “Methods of optimization of cash flows of the company” Done by: Klimov Kirill 4rt year student, Finance, 1202 Checked by: d.ec.sc.,Yelubayeva Zh.M. Almaty, 2015 CONTENT INTRODUCTION 3 1. FINANCIAL AND ECONOMIC ESSENCE OF CASH 4 1.1 Definition and classification of cash flows 4 2. OPTIMIZATION OF CASH FLOWS ON THE EXAMPLE OF THE COMPANY LLP “BASHLAK TRANS EXPRESS ALMATY” 16 2.1 General characteristic of activity 16 2.2 Cash flow analysis of LLP "BASHLAK TRANS EXPRESS ALMATY" 17 3. OPTIMIZATION OF THE SYSTEM IMPROVEMENT OF CASHFLOW AT THE ENTERPRISE 25 CONCLUSION 29 REFERENCES 30 INTRODUCTION In a modern economic situation one of the most important conditions of a survival and development of the enterprise is existence and rational use of monetary funds. In such circumstances, one of the key problems of the financial analysis is to define and maintain an optimal size and structure of the invested capital in a monetary form in order to obtain the maximum amount of cash flow over a certain period and the rational organization of settlements. In the conditions of the competition and unstable environment it is necessary to react quickly to deviations from normal activity of the enterprise. Cash flow management is the tool with which you can achieve the desired results of the enterprise - profit...
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...first. Statement of Cash Flow There have been instances where people have tended to bleeding wounds, only to find that the victim died from, say, a blocked air passage. Many things are essential to life, but in the short term, nothing is more important than breathing, in that an absence creates the most immediate life threatening "crisis". Cash as Breath of a Business Anyone running a business should think of cash as breath. Cash, in a broad sense, means a positive bank account or the access to a credit line. Another way of thinking: "If I write a check, will the bank cash it"? The Role of Cash in a Business The Role of Cash in a Business Cash as Breath of a Business (Cont’d) Cash as Breath of a Business (Cont’d) When a business loses access to funds, suppliers stop shipping and workers stop showing up at work. Inevitably a creditor will take steps to put the firm in receivership, at which point the owners have legally lost the ability to operate the business. A company going into receivership is normally broken up: assets are sold, often at a steep discount, to recover funds to payoff creditors. The management of a business sometimes may be so focused on longerterm issues: (1) bringing a new product to market (2) working with an existing customer (3) attracting new investors They might lose sight of the short-term cash position of the company, and the company went into bankruptcy. One key purpose of cash flow analysis is to predict the cash...
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...RELATIONSHIP AMONG FIIs, MUTUAL FUND EQUITY INVESTMENT AND OTHER SELECTED VARIABLES WITH NIFTY” Submitted to S.R. LUTHRA INSTITUTE OF MANAGEMENT IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF THE AWARD FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In Gujarat Technological University UNDER THE GUIDANCE OF Faculty Guide: Company Guide: Ms.Swapna Nair Mr. Mukesh Vishwakarma Assistant Professor Branch Manager Submitted by Mr. Kalpesh R. Ukani [Batch No. 2014-16, Enrollment No. 147500592114] MBA SEMESTER III S.R. LUTHRA INSTITUTE OF MANAGEMENT – 750 MBA PROGRAMME Affiliated to Gujarat Technological University Ahmedabad July, 2015 Company Certificate This is to certify that Mr. Kalpesh R. Ukani from S.R. LUTHRA INSTITUTE OF MANAGEMENT, have carried out the research on the subject titled “TO STUDY THE DYNAMIC RELATIONSHIP AMONG FIIs, MUTUAL FUND EQUITY INVESTMENT AND OTHER SELECTED VARIABLES WITH NIFTY” at ICICI SECURITIES under the supervision of Mr. Mukesh Vishwakarma, from 8th June 2015 to 17th July, 2015. I also certify that, the above mentioned student has carried the research work satisfactorily. Place: - Surat Date: - _________ Mr. Mukesh Vishwakarma (Branch Manager) Student’s Declaration I, Mr. Kalpesh R. Ukani , hereby declare that the report for Summer Internship Project entitled “TO STUDY THE DYNAMIC RELATIONSHIP AMONG FIIs, MUTUAL FUND EQUITY INVESTMENT AND OTHER SELECTED...
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...by issuing additonal equity to cover the cash flow requirements. I first analyzed the incremental free cash flows (FCFs) from the new product line using the growth assumptions you provided, which are outlined in the FCF analysis (Exhibit 1). I then calculated the net present value (NPV) of the FCFs using a weight average cost of capital (WACC) of 9.93%. I calculated the WACC by using FMI’s target debt-to-capital ratio of 18% and an equity β of 1.20, which I determined using the average unlevered asset β of FMI’s competitors. The detailed WACC calculations are presented in Exhibit 2. Using the WACC as a discounted rate, I calculated the NPV of the project’s cash flows to be $1.8M. Therefore, I recommend implementing the new product line. I then reviewed how FMI can finance the project. I first looked at if FMI could finance the project by relying on reinvestment of earnings from its current business. Using the assumptions you provided and the growth projections of FMI, I forecasted balance and income statements for 2010 and 2011. These projections are presented in Exhibits 3 and 4. As shown in these exhibits, FMI will need to borrow an additional $4.2M and $2.6M in 2010 and 2011, respectively, to fund its NWC growth. Additionally, when I looked at the FCFs from FMI’s current business, it showed that FMI would not have enough cash to fund the project. Exhibit 5 shows that FMI’s current business will have a negative cash flow of $1.1M in 2010. As shown in Exhibit 1, the project...
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...Size and Performance of Chinese Mutual Funds: The Role of Economy of Scale and Liquidity* Ke Tanga,b, Wenjun Wanga and Rong Xub a) Hanqing Advanced Institute of Economics and Finance, Renmin University of China b) School of Finance, Renmin University of China * Contact Author: Ke Tang, Hanqing Advanced Institute of Economics and Finance and School of Finance, Renmin University of China. Email: ketang@ruc.edu.cn. We wish to thank participants in the European Financial Management Association Symposium on Asian finance (Beijing) for helpful comments. We are also grateful to the anonymous referee whose suggestions greatly improved the paper. Tang acknowledges financial support from the Fundamental Research Funds for the Central Universities, and the Research Funds of Renmin University of China. Electronic copy available at: http://ssrn.com/abstract=1933647 Size and Performance of Chinese Mutual Funds: The Role of Economy of Scale and Liquidity Abstract Using a detailed stockholding for a comprehensive sample of Chinese open-end equity mutual funds from 2004 to the first half of 2010, we investigated the effect of economy of scale and liquidity on the relationship between fund size and performance. We find that an inverted U-shape relationship exists between fund size and performance as measured by various performance benchmarks. Both economy of scale and liquidity play important roles in Chinese mutual funds. Furthermore, their combined effect explains the...
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...Investment Fund and Security Analysis Assignment Question 1 There are several examples of the various types of mutual funds. In fact the list is listless but the most common ones include; Aggressive growth funds, Growth funds, Growth and Income Funds, Value Funds, International Equity Funds, US Government Income Funds, Municipal Bond Funds, Corporate Bond Funds, High Yield Bond Funds, Treasury Bills, Money Market Funds among many more. Load Mutual Funds are funds that have a sales charge or commission attached when they are purchased. The charge is used to compensate or pay for the services of the intermediary their time and expertise in selecting the appropriate mutual fund. Such charge is either paid while buying the funds or when selling them. On the other hand, No-Load Mutual Funds are either purchased directly or indirectly through a mutual fund company. These funds may have a small 12b-1 fee i.e. the cost of distribution which is incorporated into the fund as expense ratio. The expense ratio is paid by the shareholder of the fund on Daily basis through reduction of the price of the fund. Most investors prefer no-load funds since there is no more expenses required to pay for the broker services. Question 2 There are several types of mutual funds and they include the following; Stock Funds Stock Funds are at times referred as equity funds is a fund that invests in stocks which at times are also known as equity securities. These types of fund mainly consist of stock though...
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...provides over a risk-free rate. And the size of the premium will be a standard to compensate with a higher premium in the stock market. Thus, a portfolio manager when the equity risk premium increases in the future， the investors will sell out stock market because the stocks are over priced. So the legislators and pension administrators decide how much to set aside to meet future pension obligations, based upon assessments of equity risk premiums. However the history data of ERP (Equity Risk Premium) from Federal Reserve System shows it keeps low and stable state but increases suddenly since 2006. At the same time the Federal Funds Effective Rate goes down and keeps low state. We know that interest rate is a way to control inflation. Inflation is a factor causes too much money chasing too few goods. “Changes in the federal funds rate affect the behavior of consumers and businesses, but the stock market is also affected,” Said by Jim Mueller (2013), PhD Finance in Washington State University. “As the risk-free rate goes up, the total return required for investing in stocks also increases.” In other words, the "risk-free" rate of return goes up, making these investments more desirable. But is the low interest rate push the equity risk premium rate goes up?...
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...| | | | | | | | | | | | | | TERM PAPER ON Financial analysis of L&T Info-tech [pic] SUBMITTED TO: SUBMITTED BY: Ms. Shelly Mam Rajwinder nijjar Reg no. 11002347 Roll no. B39 ACKNOWLEDGEMENT I am thankful to Ms. Shelly mam who provided me with the opportunity and guided me in successful completion of my term paper. Under her valuable guidance, constant interest and encouragement, who have devoted their ever-precious time from their busy schedule and helped me in completing the term paper. Special, continual assistance while completing the term paper was provided by the friends. I wish to acknowledge my special thanks to them for their help and cooperation in order to complete this project. I am also thankful to those who have helped me intellectually in preparation of this term paper directly or indirectly. I am deeply indebted to the various sources of information from relevant sites from internet and books. TABLE OF CONTENTS |SR. NO. |PARTICULARS |PAGE NO. | | 1. |Introduction to company L&T Info-tech |4 | |2. |Balance sheet of the company |4-5 ...
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...and analysis, basic financial statements, required supplementary information other than MD&A, combining and individual fund statements, narrative explanations, and statistical section. Answer: True 2. The three major sections of a CAFR are the Introductory, Financial, and Statistical sections. Answer: True 3. The introductory and statistical sections of a CAFR are required to be audited. Answer: False 4. State and local governments are not required to prepare a CAFR. Answer: True 5. Combining statements are required whenever a non-major column is used in one of the fund financial statements. Answer: True 6. A complete CAFR includes combining financial statements to reflect major funds. Answer: True 7. In addition to the government-wide statements, governments are required to prepare fund financial statements for governmental, proprietary and fiduciary funds. Answer: True 8. In addition to the government-wide statements, governments are required to prepare fund financial statements for governmental funds only. Answer: False 9. The General Fund is not always considered to be a major fund when preparing fund basis financial statements. Answer: False 10. With respect to fund basis financial statements, governmental funds are considered to be a major fund when total assets, liabilities, revenues and expenditures combined are at least 10% of the total for the governmental funds category...
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