...calculator. Now accounting information system is there to provide all kinds of information to the management. It helps in key management functions of planning, organizing, leading, and evaluating as they...
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...the coordination of all the available resources in an organization (human, physical, technological, financial), to which the processes of: planning, organization, direction, and control previously established that objectives are achieved. In this way we can distinguish three key aspects to define the management as a process: first, coordination of the organization's resources; second the implementation of managerial functions or administrative calls as a means of achieving coordination and third, to establish the purpose of the managerial process; with that is where we want to go or we want to achieve. Before we proceed further we need to know why and when is necessary the management, what does and does. Management is responsible for the success or failure of a company, is essential to direct the affairs of the same. Provided that there is a group of individuals who pursue a goal, it is necessary, for the group, work together to achieve the same. On the other hand the members of the group, to an extent must subordinate their individual desires to achieve the goals of the group, and the management should provide leadership for the action of the group. To analyze the managerial functions we find the answer to what does the management. When we study the management as...
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...Principles of Managerial Finance The Prentice Hall Series in Finance Adelman/Marks Entrepreneurial Finance Andersen Global Derivatives: A Strategic Risk Management Perspective Bekaert/Hodrick International Financial Management Berk/DeMarzo Corporate Finance* Berk/DeMarzo Corporate Finance: The Core* Berk/DeMarzo/Harford Fundamentals of Corporate Finance* Boakes Reading and Understanding the Financial Times Brooks Financial Management: Core Concepts* Copeland/Weston/Shastri Financial Theory and Corporate Policy Dorfman/Cather Introduction to Risk Management and Insurance Eiteman/Stonehill/Moffett Multinational Business Finance Fabozzi Bond Markets: Analysis and Strategies Fabozzi/Modigliani Capital Markets: Institutions and Instruments Fabozzi/Modigliani/Jones/Ferri Foundations of Financial Markets and Institutions Finkler Financial Management for Public, Health, and Not-for-Profit Organizations Frasca Personal Finance Gitman/Joehnk/Smart Fundamentals of Investing* Gitman/Zutter Principles of Managerial Finance* * denotes Gitman/Zutter Principles of Managerial Finance— Brief Edition* Goldsmith Consumer Economics: Issues and Behaviors Haugen The Inefficient Stock Market: What Pays Off and Why Haugen The New Finance: Overreaction, Complexity, and Uniqueness Holden Excel Modeling and Estimation in Corporate Finance Holden Excel Modeling and Estimation in Investments Hughes/MacDonald International Banking:...
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...Principles of Managerial Finance The Prentice Hall Series in Finance Adelman/Marks Entrepreneurial Finance Andersen Global Derivatives: A Strategic Risk Management Perspective Bekaert/Hodrick International Financial Management Berk/DeMarzo Corporate Finance* Berk/DeMarzo Corporate Finance: The Core* Berk/DeMarzo/Harford Fundamentals of Corporate Finance* Boakes Reading and Understanding the Financial Times Brooks Financial Management: Core Concepts* Copeland/Weston/Shastri Financial Theory and Corporate Policy Dorfman/Cather Introduction to Risk Management and Insurance Eiteman/Stonehill/Moffett Multinational Business Finance Fabozzi Bond Markets: Analysis and Strategies Fabozzi/Modigliani Capital Markets: Institutions and Instruments Fabozzi/Modigliani/Jones/Ferri Foundations of Financial Markets and Institutions Finkler Financial Management for Public, Health, and Not-for-Profit Organizations Frasca Personal Finance Gitman/Joehnk/Smart Fundamentals of Investing* Gitman/Zutter Principles of Managerial Finance* * denotes Gitman/Zutter Principles of Managerial Finance— Brief Edition* Goldsmith Consumer Economics: Issues and Behaviors Haugen The Inefficient Stock Market: What Pays Off and Why Haugen The New Finance: Overreaction, Complexity, and Uniqueness Holden Excel Modeling and Estimation in Corporate Finance Holden Excel Modeling and Estimation in Investments Hughes/MacDonald International Banking:...
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...leadership traits? What traits serve a leader well? What traits do not? Explain your answer. An individual’s personality can defiantly affects his or her leadership style and traits. If a certain person doesn’t have the people skills or negotiating skills to handle different people then they might be a one sided leader and not an all-around leader. With this personality this leader might only be able to reach out to a certain group. A well rounder would have a great amount of traits making them a leader. Conversing, motivating and negotiating are key traits. What examples of managerial derailment have you experienced in an organizational setting? Could they have been avoided? If so, how? If not, why not? An example of managerial derailment I have experienced recently was when I was in my last role in large format sales with the organization I am currently employed with. At the time I had a manager who was in my eyes far too under experienced and made rash decisions without clearly thinking what would be the best interest for the company. Mistakes were constantly being made on the manager’s behalf with no upholding of the consequences. The results of this were felt as a whole when the teams’ numbers would fall apart and easily collapse. On one occasion the results of the managers’ negligence the numbers were seen state wide. Many complaints were filed but no action was taking into account. This simply could have been fixed if the complaints being filed against the manager...
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...Lecture 1 NATURE AND SCOPE OF MANAGERIAL ECONOMICS QUESTIONS & ANSWERS Q1.1 Is it appropriate to view firms primarily as economic entities? Q1.1 ANSWER Yes. Firms represent a combination of people, physical assets, and information (financial, technical, marketing, and so on). People directly involved include stockholders, managers, workers, suppliers, and customers. Businesses use scarce resources that would otherwise be available for other purposes, pay income and other taxes, provide employment opportunities, and are responsible for much of the material well-being of our society. Thus, all of society is indirectly involved in the firm's operation. Firms exist because they are useful in the process of allocating resources -- producing and distributing goods and services. As such, they are basically economic entities. Q1.2 Explain how the valuation model given in Equation 1.2 could be used to describe the integrated nature of managerial decision making across the functional areas of business. Q1.2 ANSWER As seen in the text, Equation 1.2 can be written: [pic] where TR is total revenue, TC is total cost, i is an appropriate (risk-adjusted) interest rate, and t indicates the relevant time period. Thus, the value of the firm is the discounted present value of the stream of expected future profits. Each of the functional areas of business plays an important role in managerial decision making since each area...
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...Lecture 1 NATURE AND SCOPE OF MANAGERIAL ECONOMICS QUESTIONS & ANSWERS Q1.1 Is it appropriate to view firms primarily as economic entities? Q1.1 ANSWER Yes. Firms represent a combination of people, physical assets, and information (financial, technical, marketing, and so on). People directly involved include stockholders, managers, workers, suppliers, and customers. Businesses use scarce resources that would otherwise be available for other purposes, pay income and other taxes, provide employment opportunities, and are responsible for much of the material well-being of our society. Thus, all of society is indirectly involved in the firm's operation. Firms exist because they are useful in the process of allocating resources -- producing and distributing goods and services. As such, they are basically economic entities. Q1.2 Explain how the valuation model given in Equation 1.2 could be used to describe the integrated nature of managerial decision making across the functional areas of business. Q1.2 ANSWER As seen in the text, Equation 1.2 can be written: [pic] where TR is total revenue, TC is total cost, i is an appropriate (risk-adjusted) interest rate, and t indicates the relevant time period. Thus, the value of the firm is the discounted present value of the stream of expected future profits. Each of the functional areas of business plays an important role in managerial decision making since each area...
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...technique. The correct answer is: seeking new ways to avoid government compliance. 2. In the Magpie Sensing case study, the automated collection of temperature and humidity data on shipped goods helped with various types of analytics. Which of the following is an example of prescriptive analytics? Select one: a. warning of an open shipment seal b. real time reports of the shipment's temperature c. location of the shipment d. optimal temperature setting The correct answer is: optimal temperature setting 3. In the Magpie Sensing case study, the automated collection of temperature and humidity data on shipped goods helped with various types of analytics. Which of the following is an example of predictive analytics? Select one: a. real time reports of the shipment's temperature b. optimal temperature setting c. location of the shipment d. warning of an open shipment seal The correct answer is: warning of an open shipment seal Organizations counter the pressures they experience in their business environments in multiple ways. Which of the following is NOT an effective way to counter these pressures? Select one: a. adaptive actions b. retroactive actions c. reactive actions d. anticipative actions Feedback The correct answer is: retroactive actions Question 6 Which of the following activities permeates nearly all managerial activity? Select one: a. decision-making b. planning c. directing d. controlling Feedback The correct answer...
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...Q1. What is ForeignDirect Investment ( FDI)? What are the Theories of FDI? What Are the pons & cons , Cost/ benefitr fro the cost country n home country? Answer: Foreign Direct Investment: FDI occurs when a frim invest directly in facilities to produce or market product in a foreign country. The Theories of FDI: Theroies of FDI may be classified under the following------ 1. Production or product Cycle Theory of Vernon 2. The theory of Exchange Rate on Imperfect Capital Market 3. The Internalisation Theory 4. The Eclectic Paradigm of Dunning Production or product Cycle Theory of Vernon Production or product theory developed by Vernob in 1966 was used to explain certain types of FDI. He believes that there are four stage of production cycle— * Innivation * Growth * Maturity * Decline. Vernon’s production life-cycle suggest that frims undertake FDI at particular stage in the life cycle of products they have developed or produced. However, Vernon’s theory does not adresss the issue of whether FDI is more efficient than exporting or licensing for expanding abroad. The theory of Exchange Rate on Imperfect Capital Market: This is another theory which tried to explain FDI. Initially the foreign exchange risk has been analyzed from the perspective of international trade. However, currency risk rate theory cannot explain simultaneous foreign direct investment between countries with different currencies. The sustainers argue that...
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...Case: “Tad O’Malley: The Investment Conundrum” 1. Review the case and the three Power Point presentations. Which external environmental issues/considerations should Tad take into account when evaluating the three deals? 2. Which internal (i.e. related to each of the companies to be evaluated) issues/considerations should Tad take into account? 3. Which organizational (i.e. Empire-related) issues/considerations are likely to influence the partners’ decision? 4. Are there any other issues/considerations Tad should take into account and how should Tad structure his presentation at the partners’ meeting? 5. Choose one deal for Tad and prepare 3 PP slides for him to use in the presentation. (Be prepared to show your slides (bring a flash drive) and explain your recommendation in class.) Also, each student is required to submit a printout of your slides (in a 3-slide per page format, i.e. one page) at the beginning of class Case: “InBev and Anheuser-Busch” 1. What is the basis for competitive advantage in the brewing industry? 2. What was the strategic rationale for the deal? 3. Where will the synergies come from? Do you believe it? 4. What type of merger integration issues do you expect? 5. Will this deal create value for InBev shareholders? Case: “Mars and Wrigley” 1. What are the advantages and disadvantages of Mars’ acquisition of Wrigley? 2. Describe the cultural similarities and differences between Mars and Wrigley. Do you...
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...State University Valdosta, GA 31698 229-219-1214 (office) relson@valdosta.edu Stephen M. Rice, MAcc Langdale College of Business Valdosta State University Valdosta, GA 31698 smrice@valdosta.edu Tracey McGregor Graduate Student Langdale College of Business Valdosta State University Valdosta, GA 31698 smrice@valdosta.edu 2 K&J BAKERY INC. A SIMPLIFIED MANAGEMENT ACCOUNTING PROJECT INTRODUCTION The objective of this project is to provide students with a practical application of some of the key concepts discuss in the managerial accounting course. It can be used as a half-semester long or concept driven project i.e., used along with the concepts/topics as they are introduced throughout the course. LEARNING OUTCOMES Students should be able to: 1. Identify the various costs that are part of a business environment and the three elements of product cost 2. Differentiate between the different costing systems 3. Illustrate business transactions using T-account analysis 4. Prepare the statement of cost of goods manufactured and an income statement 5. Calculate the break-even point in units and dollars, and target sales in units and dollars K&J BAKERY INC. Business Background As she sat in her Accounting I class bored while listening to the lecture on journal entries, Keisha Jones could not imagine being an accountant in the future. As a young girl, she remembered sitting in the kitchen while her mom and aunts baked those delicious Jamaican black cakes. She ...
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...Tracey Curtis July 14,2014 Dr. Angel McCaskill ACCT 614-1403A-01 Applied Managerial Accounting Phase I Individual Project Memorandum To: The Board of Directors and Executive Management Team From: Tracey Curtis “EEC’s Corporate Business Financial Analyst” Date: 14th July 2014 Subject: Financial information on the management of the EEC enterprise. Good afternoon, my name is Tracey Curtis “EEC’s Corporate Business Financial Analyst”. Today, i will discuss the following information found in each financial statements and how the information is used for planning, controlling and decision making of the companies. First, financial statements tell investors of differences in how companies operate. Across industries, the composition of firms assets and liabilities will differ. Similarly, how firms generate earnings will depend upon the characteristics of the industry in which they compete and the products or service they offer to consumers. It is difficult directly to compare the financial statements of different firms. Because of size differences among firms he dollar level of assets, liabilities,and expenses will be hard to compare. The financial statement can be used to analyze a company’s performance or comparing the differences in accounting methods between companies that make it difficult to do a direct comparison.Companies may use a cash-based accounting method; another may use an accrual-based accounting...
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...development of a firm’s competitive advantage and critically assess how these can be transferred and used effectively to compete in foreign markets. Use one of the case studies featured in the module seminar programme to illustrate your answer. * Critically evaluate what is meant by competitive advantage and the key elements involved in it. Highlight the frameworks that may be useful to global marketers in the analysis of what constitutes their brand’s competitive advantage and whether this might be transferable to foreign markets. Use examples to illustrate your argument Culture * What is meant by culture and how can Hofstede’s cultural typologies and Hall’s contexts help Western marketers better understand foreign market cultures? Use examples of specific counties and/or regions to help illustrate your answer. * What is culture? Is it important for international marketers to take account of or is globalisation going to make it a thing of the past Standardisation/ adaptation * Highlight the distinguishing differences between localisation and adaption of products and analyse the advantages and disadvantages associated with standardised global product strategies. Using examples to help illustrate your answer, critically evaluate when each of these approaches may be most appropriate. * “As markets are becoming borderless, marketing strategies that fail to recognise the similarities among markets can be at a competitive disadvantage” (Levitt...
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...Chapter 1 summary of chapter 1 The Role of Managerial Financ Overview This chapter introduces the student to the field of finance and explores career opportunities in both financial services and managerial finance. The three basic legal forms of business organization (sole proprietorship, partnership, and corporation) and their strengths and weaknesses are described, as well as the relationship between major parties in a corporation. The managerial finance function is defined and differentiated from economics and accounting. The chapter then summarizes the three key activities of the financial manager: financial analysis and planning, investment decisions, and financing decisions. A discussion of the financial manager’s goals—maximizing shareholder wealth and preserving stakeholder wealth—and the role of ethics in meeting these goals is presented. The chapter includes discussion of the agency problem—the conflict that exists between managers and owners in a large corporation. This chapter, and all that follow, emphasize how the chapter content plays a vital role in the student’s professional and personal life. Each chapter includes an early discussion of the relevance of the topic to majors in accounting, information systems, management, marketing, and operations. Throughout each chapter are detailed examples of how the chapter’s topic relates to the student's financial life. These pedagogic tools should motivate students to quickly grasp an understanding of the chapter...
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...The financial concepts known as future value, present value and compound interest are the keys to understanding the economics and the accounting for the proposed zero coupon loan. Let's spend a few moments reviewing these concepts: Future Value Definition: (quoted from Harvard Business School online course material) The future value of any amount of money today is the amount that it would be worth if it were invested and grew at the specified compound interest rate over a given time period. Formula: F=P*(1+r)^n Present Value Definition: (Quoted from Harvard Business School online course material) The present value of an amount to be received at a specified future date is the investment that we would need to make today that, with the benefit of compound interest, would grow to the same amount as the future amount to be received at the future date. (quoted from p. 449 on Financial and Managerial Accounting by WHBC 16th ed.) The present value of a future cash receipt is the amount that a knowledgeable investor will pay today for the right to receive that future payment. The exact amount of the present value depends on (1) The amount of the future payment, (2) The length of time until the payment will be received, (3) The rate of return required by the investor. The present value will always be less than the future amount, because money received today can be invested to earn interest and grow to a larger amount in the future. Formula: P=F/(1+r)^n Now...
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