...Course Description and Objectives This course introduces basic financial concepts all business managers should understand regardless of functional specialization. Topics include financial analysis and planning, time value of money, valuation, capital budgeting, risk/return trade-offs, cost of capital, and capital structure. The pedagogical approach used is a mixture of lectures and case examples. Cases are often used as a vehicle for discussing the complexities of real-world financial problems. To benefit most from this method of teaching, you will want to come prepared to discuss the cases in detail. By the end of the semester, students should be able to: (1) describe essential characteristics of the finance profession and institutions, (2) be conversant in basic financial jargon, (3) value paper assets (stocks and bonds) and tangible assets (capital budgeting) using the tools of time value of money, including NPV and IRR, (4) explain the various sources of financing, their associated costs, and their advantages and disadvantages, (5) calculate and use financial statements and ratios to analyze a business and create and use pro forma statements for planning and decision-making purposes, (6) appreciate the complexities international business, and (7) demonstrate team skills by actively participating in group written cases. Course Materials Text: Background readings and problem sets are from Ross, Westerfield and Jordan (RWJ), Fundamentals of Corporate Finance...
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...AC 3047 CORPORATE FINANCE Lecture #1: Introduction Portfolio theory Intro to CAPM ©Professor Hans K. Hvide Do not quote without permission. Although considerable effort will be exerted to avoid errors in these notes, I do not guarantee that they are error-free. 1 Central concepts for this week • Risk-return trade-off • Covariance (between individual assets) • Efficient Frontier • Market portfolio (choice of the rational investor) ↓ • Capital Market Line • Security Market Line • Cost of capital - Firm: the returns that are necessary to attract capital - Investor: returns that the capital markets offers for comparable investments Readings this week: Brealey, Myers & Allen (BMA), Corporate Finance 8th edition, chapters 7, 8, 9. 10 1. Portfolio theory • Criteria for choice of optimal portfolio by risk-averse rational agents • Mean/variance analysis • Market portfolio Note: static world with only one point in time. Definitions: - Financial asset = stream of income, typically uncertain, with a given risk/return profile - Portfolio = mix of financial assets 11 1.1 Expected returns for portfolio (2 assets) Let E(Z) be the expectation (expected value) of a random variable Z = probability-weighted midpoint of the distribution of Z. E(RP) = x1E(r1) + (1-x1)E(r2) (1) E(RP) = Expected portfolio return xi = Share of investment in asset i, (i = 1, 2) E(ri) = Expected return asset i, (i=1, 2) Expected portfolio...
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...GENERALIZED TECHNICAL DATA PROCESSING: 1. Moore’s Law: Actual Meaning – April 1965 Gordon made an observation that approximately every 18-24 months twice as many semiconductors can be stored on a chip/ double storage capacity (NOT a LAW) 2. Moore’s Law: Generalized meanings – the speed of computers is set to double every two years 3. Central Processing Unit (CPU) and the three primary components thereof – the electronic circuitry within a computer that carries out the instructions of a computer program by performing the basic arithmetic, logical, control & input/output (I/O) operations specified by the instructions. Runs programs. Three primary components are the: 1. Main Memory- (aka RAM/ physical storage) constructed from integrated circuits and needs to have electrical power in order to maintain its formation. When power is lost, so is the information. Made up electronic circuits > 2 state situation ON/OFF, High voltage/ low voltage, negatively charged/ positively charged. *PHYSICAL – reality *LOGICAL – a model; not the truth 2. Control Unit- extracts instructions from memory and decodes and executes them calling on the ALU when necessary 3. Arithmetic logic unit (ALU) - performs arithmetic and logical operations 4. Von Neumann Architecture – computer architecture consisting of the 3 CPU components. (1945 mathematician & physicist) 5. Execution Cycles/ Instruction Cycles – how the control...
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...What considerations are involved in contemporary court debates involving security and privacy with discussion points taken from the in-progress Apple v. DOJ case, and what does this mean for future legislation of information security? Objective: To explore what points the privacy and national security parties make in defending their case as similar arguments will likely be raised when these legal battles inevitably proceeds to the Supreme Court on a larger scale. Also to exemplify the murkiness and gaps in current legislations which too will drive resolutions. For students to read before class: http://www.wired.com/wp-content/uploads/2015/10/gov.uscourts.nyed_.376325.2.0.pdf . Overview of the background and case as given by the judge. Quiz question at beginning of class: What’s your current understanding of the case involving Apple and the DOJ? Lecture Outline: What’s the problem?(https://www.eff.org/document/orenstein-memorandum-and-order ) • October 8 ,2015: Government has asked court to issue order based on All Writs Act asking Apple to disable security to gain access to iPhone in a case involving a suspected methamphetamine distributor • All Writs Act (AWA) is a federal law that enables federal courts to issue court orders that are "necessary or appropriate in aid of their respective jurisdictions and agreeable to the usages and principles of law.". But the request must also be technically feasible, not “unduly burdensome”, and does not violate Constitution (https://www...
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...Australian School of Business Information Systems, Technology and Management INFS1602 INFORMATION SYSTEMS IN BUSINESS Course Outline Semester 1, 2013 Part A: Course-Specific Information Please consult Part B for key information on ASB policies (including those on plagiarism and special consideration), student responsibilities and student support services. Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS 2 COURSE DETAILS 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5 Student Learning Outcomes 3 LEARNING AND TEACHING ACTIVITIES 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 ASSESSMENT 4.1 Formal Requirements 4.2 Assessment Details 4.3 Late Submission 5 COURSE RESOURCES 6 COURSE EVALUATION AND DEVELOPMENT 7 COURSE SCHEDULE 3 3 3 3 4 4 4 5 7 7 7 8 8 9 11 11 12 13 INFS1602 Information Systems in Business 2 PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS Position Lecturer-‐ in-‐charge Lecturer Tutor-‐in-‐ charge Tutor Tutor Tutor Tutor Tutor Name Professor Patrick Finnegan Ms Christine Van Toorn Ms Jill Moore ...
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...Australian School of Business Accounting ACCT1511 ACCOUNTING AND FINANCIAL MANAGEMENT 1B Course Outline Semester 2, 2013 Part A: Course-Specific Information Please consult Part B for key information on ASB policies (including those on plagiarism and special consideration), student responsibilities and student support services. Table of Contents 0 PA RT A : COURSE-SPECIFIC INFORMA TION 1 2 STA FF CONTA CT DETA ILS COURSE DETA ILS 2 2 3 3 3 3 3 4 7 7 7 9 9 9 12 5 6 7 COURSE RESOURCES COURSE EV A LUA TION A ND DEV ELOPMENT COURSE SCHEDULE 12 13 13 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course A ims and Relationship to Other Courses 2.5 Student Learning Outcomes 3 LEA RNING A ND TEA CHING A CTIV ITIES 3.1 A pproach to Learning and Teaching in the Course 3.2 Learning A ctivities and Teaching Strategies 4 A SSESSMENT 4.1 Formal Requirements 4.2 A ssessment Details 1 [ACCT1511 – Accounting & Financial Management 1B] PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS AFM1B staff members’ details, contact information and consultation times are consolidated together with the course timetable, which is posted separately on Blackboard. The policies regarding staff contact are as follows: The Staff are available for consultation starting from week 2 to week 13 (excluding mid-year break week) and STUVAC only. Consultation times during STUVAC will differ from those of other weeks and will be notified on Blackboard...
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... Chapter Outlin e 25 Mi ssi on St at em en ts wi th As pir at ion s be yo nd Ma 26 A Su sta ina kin g a Pr of it ble Op er at ion s an d Su pp ly Ch ain St rat eg y 28 W ha t Is Op er at ion s an d Su pp ly Ch ain Competitive Dim St rat eg y? ensions The Notion of Trade-Offs Order Winners and Order Qualifi ers: The Marketing–O perations Link Operations and Sustainability defi ned Triple bottom line defined supply chain str ategy defined Operations eff ectiveness defi ned Straddling defi ned Order winner defi ned Order qualifier defined e Ris k As so cia system maps defi ned te d wi th Op er at ion s an d Framework Su pp ly Ch ain St rat eg ies 37 Pr od uc tiv ity Supply chain risk Me as ur em en defined t Risk Managem ent 33 St rat eg ies Ar e Im ple me nt ed Us ing Op IK EA ’s St rat eg er at ion s an d y Su pp ly Ch ain Ac tiv iti es — 35 As se ssi ng th Activity- 39 Su mm ary 43 Ca se : Th e Ta o of Tim bu k2 Productivity defi ned WALKTHROUGH xvii Opening Vignettes Each chapter opens with a short vignette to set the stage and help pique students’ interest in the...
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...PMI- ACP : Lesson 1 : Quiz : Agile Framework Q 1 : As per agile manifesto, which of the following is given more value ? a. b. c. d. Comprehensive Documentation Customer Collaboration Process and tools Following a plan Q2 : Which of the following is coming from Agile Manifesto ? a. b. c. d. Deliver reliable results by engaging customers in frequent interactions Make continuous flow of value our focus Following a Plan over Responding to Change Customer Collaboration over Contract Negotiation Q3: Which of the following is NOT true about the agile team? a. Agile teams are empowered to make the necessary decisions in order to get the work done b. Agile teams are composed of a mix of skills—everyone necessary to create the product increment is on the team c. Agile team members are specialist and has titles based on their job description, their performance is measured based of individuals contribution for the project d. Agile team values power of team members collaborating in person to solve a mutual problem. Q4: Which of the following statement is true about measuring progress of agile projects? a. In Agile we measure project’s progress by the percent complete of the functional milestones (that is, analysis complete, documentation complete, code complete and so on). b. In Agile we measure project’s progress by measuring number of functionality developed c. In agile we trust the team, we trust them for project completion so we do not measure project ...
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...English Contents ABOUT THIS BOOK ................................5 THE WORDS.............................................7 WORD ANALYSIS ...............................103 IDIOM AND USAGE ............................117 About This Book English offers perhaps the richest vocabulary of all languages, in part because its words are culled from so many languages. It is a shame that we do not tap this rich source more often in our daily conversation to express ourselves more clearly and precisely. There are of course thesauruses but they mainly list common words. Other vocabulary books list difficult, esoteric words that we quickly forget or feel self-conscious using. However, there is a bounty of choice words between the common and the esoteric that often seem be just on the tip of our tongue. Vocabulary 4000 brings these words to the fore. Whenever possible, one-word definitions are used. Although this makes a definition less precise, it also makes it easier to remember. Many common words appear in the list of words, but with their less common meanings. For example, the common meaning of champion is “winner.” A less common meaning for champion is to support or fight for someone else. (Think of the phrase “to champion a cause.”) This is the meaning that would be used in the list. As you read through the list of words, mark any that you do not know with a check mark. Then when you read through the list again, mark any that you do not remember with two checks. Continue in this...
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...Click here to download the solutions manual / test bank INSTANTLY!! http://testbanksolutionsmanual.blogspot.com/2011/02/accounting-information-systems-romney.html ------------------------------------------------------------------------------------------------------------------------ Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual ------------------------------------------------------------------------------------------------------------------------ ***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Accounting Information Systems Author: Romney Steinbart Edition: 11th ISBN-10: 0136015182 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6...
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...Assignment 1.1 Determine a management area for investigation that has an implication for a work-related area. Answer: Protecting the health and safety of employees or members of the public who may be affected by your activities is an essential part of risk management and must be led by the governing body. Failure to include health and safety as a key business risk in board decisions can have catastrophic results. Many high-profile safety cases over the years have been rooted in failures of leadership. Health and safety law places duties on organizations and employers, and senior management can be personally liable when these duties are breached: members of the governing body have both collective sand individual responsibility for health and safety. 1.2 Identify the aim, scope and objective of the project. Answer: A comprehensive and holistic analysis such as the one recommended in this Toolkit is likely to reveal a broad range of challenges that people in the target area are facing. It is unlikely that a CBA project will be able to address all of these issues, so defining the scope of the project is an important step in the Design phase. While the following steps focus on the scope in terms of goals, objectives, targets and results, this step also includes defining the scope of the project with respect to its geographic reach and timeline. The project goal and objectives are key pieces of the project design, as they establish the framework for identifying expected...
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...How to correct the Balance of Payment ? Solution to correct balance of payment disequilibrium lies in earning more foreign exchange through additional exports or reducing imports. Quantitative changes in exports and imports require policy changes. Such policy measures are in the form of monetary, fiscal and non-monetary measures. Monetary Measures for Correcting the BoP ↓ The monetary methods for correcting disequilibrium in the balance of payment are as follows :- 1. Deflation Deflation means falling prices. Deflation has been used as a measure to correct deficit disequilibrium. A country faces deficit when its imports exceeds exports. Deflation is brought through monetary measures like bank rate policy, open market operations, etc or through fiscal measures like higher taxation, reduction in public expenditure, etc. Deflation would make our items cheaper in foreign market resulting a rise in our exports. At the same time the demands for imports fall due to higher taxation and reduced income. This would built a favourable atmosphere in the balance of payment position. However Deflation can be successful when the exchange rate remains fixed. 2. Exchange Depreciation Exchange depreciation means decline in the rate of exchange of domestic currency in terms of foreign currency. This device implies that a country has adopted a flexible exchange rate policy. Suppose the rate of exchange between Indian rupee and US dollar is $1 = Rs. 40. If India experiences an adverse...
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...Administrative Business • • • • • • • Breaks, bathrooms, food Slides Different presenters Purple folder Questions/participation Survey after each day Questionnaire Introduction Check Your Knowledge Introduction Agenda – Day One • • • • • • • • Research roles and responsibilities Policies and Procedures overview Institutional Review Board Office (IRB) NUCATS NURAP Conflict of Interest (COI) Export Controls Innovation & New Ventures Office (INVO) Introduction Introduction Research Administration Training The need for research administration training exists because of the large dollar amounts in research funding and the importance of compliance: • NU received $511.7 million in research funding in FY 2011 • NU ranked 25th in NIH research funding to universities in 2010 • Ensuring compliance remains a federal priority Source: Office for Research Annual Report. (2011): Northwestern University Introduction Research Administration Training Research Administration training helps Northwestern: • Decrease compliance risks • Administer grants more consistently & efficiently • Provide support for research administrators, faculty & staff • Meet federal government expectations regarding training and communication Introduction Training Objectives During this seminar we will: • Explain the research administration process • Discuss the roles & responsibilities of research faculty and staff • Describe the roles of the central research offices • Review...
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...E-learning refers to the use of electronic media and information and communication technologies (ICT) in education. E-learning is broadly inclusive of all forms of educational technology in learning and teaching. E-learning is inclusive of, and is broadly synonymous with multimedia learning, technology-enhanced learning (TEL), computer-based instruction (CBI), computer-based training (CBT), computer-assisted instruction or computer-aided instruction (CAI), internet-based training (IBT), web-based training (WBT), online education, virtual education, virtual learning environments (VLE) (which are also called learning platforms), m-learning, and digital educational collaboration. These alternative names emphasize a particular aspect, component or delivery method. E-learning includes numerous types of media that deliver text, audio, images, animation, and streaming video, and includes technology applications and processes such as audio or video tape, satellite TV, CD-ROM, and computer-based learning, as well as local intranet/extranet and web-based learning. Information and communication systems, whether free-standing or based on either local networks or the Internet in networked learning, underly many e-learning processes.[1] E-learning can occur in or out of the classroom. It can be self-paced, asynchronous learning or may be instructor-led, synchronous learning. E-learning is suited to distance learning and flexible learning, but it can also be used in conjunction with face-to-face...
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...Finance Final Review: Part 1 of 3 Accounting 101 Financial statements The reason you need to understand how a financial statements works is because it summarizes the financial information of a firm (firm’s operating performance.) such as its assets, how the firm generates and uses cash (good to know if you are an investor, tells you if the firm is being stupid or not with their money) and changes to stockholder’s wealth. This is why publicly traded companies are required to file annual (yearly) reports that inform investors (you) about their operations and financial conditions. The type of financial statements that are important to financial analysis are the balance sheet, income statement and statement of cash flows. Balance Sheet The balance sheets shows a firm’s assets and the financing mix (liabilities and equity) use to obtain those assets. HINT: the financing mix is the cost of capital. Remember that hellish equation, ka = (wd)(kd)(1-t) + (wp)(kp) + (we)(ke). This is where the weighted (Wd, Wp, We) comes from. The accounting equation must hold true for the balance sheet: Assets = Liabilities + equity The balance sheet shows a snapshot of the firm’s status on a specific date Income Statement The income statement illustrate what revenues the firm collects, the expenses required to support revenues, and the firm’s profitability over a specified period of time. Income statement reflect performance over a period of time. This is where you can calculate the EPS...
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