...Programs. The starting point for solving a business problem is to analyze the current situation and identify the problems that need to be addressed. A major component of the situational analysis is to take a close look at the environments within which an organization finds itself. One of the methods commonly used in such an environmental analysis is “SWOT” (an acronym for Strengths, Weaknesses, Opportunities and Threats), which considers the strengths and weaknesses in the internal environment as well as the opportunities and threats in the external environment. Candidates can refer to the required reading Situational Analysis Tools mentioned below for more information on how to go about doing a SWOT analysis. The next major step is to identify the issues and analyze various alternatives for addressing the major issues. In this case, a shortage of available cash is a major issue and needs to be addressed. Therefore, one of the main topics for this assignment is cash flow management, i.e. managing the movement of money into and out of a business. Many supervisors and/or managers who oversee functions such as accounts receivable, accounts payable, and finance are directly involved in cash flow management within their organizations. In some smaller companies, a single individual may manage...
Words: 3918 - Pages: 16
...Online Chapter 15 LEASE FINANCING AND BUSINESS VALUATION Learning Objectives After studying this chapter, readers will be able to describe the two primary types of leases, explain how lease financing affects financial statements and taxes, conduct a basic lease analysis from the perspective of the lessee, discuss the factors that create value in lease transactions, explain in general terms how businesses are valued, and conduct a business valuation using discounted cash flow and market multiple approaches. Introduction This chapter covers two unrelated topics: lease financing and business valuation. Leasing is a substitute for debt financing and hence expands the range of financing alternatives available to businesses (and to individuals). However, leasing should be used only when it offers some advantage over conventional financing. We begin this chapter by discussing factors that contribute to the large amount of leasing activity among healthcare businesses and how businesses analyze lease transactions. The valuation of entire businesses, as opposed to capital projects, is a critical step in the merger and acquisition process. In addition, business valuation plays an important role when one owner is bought out by other owners and when businesses are inherited. The second part of this chapter discusses two techniques used to value businesses. Leasing Basics Businesses generally own fixed assets, but it is the use of buildings and equipment that is important, not their...
Words: 11471 - Pages: 46
...applicable financial reporting framework, and the expected forms Engagement letters are necessary in settling disputes between auditor and management. When management signs the written engagement letter, they are entered into an executor contract with the auditor. In the engagement letter presented by Abernethy and Chapman, the audit firm clearly outlined the following responsibilities for Lakeside management: 1) The financial Statements 2) Establish and Maintain internal controls over financial reports 3) Identify and ensure compliance with laws and regulations applicable to its activities 4) Make all financial records and related information available to auditors 5) At the end of the engagement, providing a representation letter Abernethy and Chapman outlined the following responsibilities for the auditor: 1) Audit financial statements for purpose of establishing an opinion on the financial position, results of operations, and cash flows in compliance with GAAP. 2) Obtain reasonable, not absolute, assurance that financial statements are free of material misstatements, in accordance with GAAS. 3) Obtain understanding of internal controls 4) Notify the audit committee of any reportable conditions 5) Prepare federal and state income tax returns for year ending December 31, 2009 6) Notify Lakeside if the estimate of $60,000 is significantly effected 2. The best source of information to determine an expected figure for cost of goods sold...
Words: 2603 - Pages: 11
...These Consolidated Financial Statements are originally issued in Indonesian language PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASI / CONSOLIDATED FINANCIAL STATEMENTS 31 DESEMBER 2008 DAN 2007/ 31 DECEMBER 2008 AND 2007 SERTA / AND LAPORAN AUDITOR INDEPENDEN / INDEPENDENT AUDITORS’ REPORT These Consolidated Financial Statements are originally issued in Indonesian language PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN LAPORAN KEUANGAN KONSOLIDASI 31 DESEMBER 2008 DAN 2007 PT TEMPO SCAN PACIFIC Tbk AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 DAFTAR ISI Laporan Auditor Independen Ekshibit/ Exhibit Neraca Konsolidasi A CONTENTS Independent Auditors’ Report Consolidated Balance Sheets Laporan Laba Rugi Konsolidasi B Consolidated Statements of Income Laporan Perubahan Ekuitas Konsolidasi C Consolidated Statements of Changes in Stockholders’ Equity Laporan Arus Kas Konsolidasi D Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasi E Notes to Consolidated Financial Statements These Consolidated Financial Statements are originally issued in Indonesian language Ekshibit A Exhibit A PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN NERACA KONSOLIDASI 31 DESEMBER 2008 DAN 2007 (Disajikan dalam Rupiah, kecuali dinyatakan lain) PT TEMPO SCAN PACIFIC Tbk AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 31 DECEMBER 2008 AND 2007 (Expressed in Rupiah, unless otherwise stated)...
Words: 30193 - Pages: 121
...Digit Scan “Identify You” [pic] CONFIDENTIAL December 12, 2011 For More Information Contact: Michelle Ryerson Justise Villamor Amanda Michielsen Alex Herrick Kayla Mc Kenzie 800-4digits www.digitscan.com Table of Contents Introduction and Overview 3 Products and Services 5 The Market and Competition 6 Sales and Marketing Plan 9 Management Team 12 Go-to-Market Strategy 13 Operating Plan 14 Key Financial Information 16 Capitalization and Use of Funds 18 Exit Strategy or Payback Analysis 18 Notices and Disclaimers 18 Introduction and Overview Digit Scan will provide the Digit scanner for hospitals, doctors, EMT’s as well as any other business and or organization which needs to use data base of information to provide their clients and or patients with the utmost accurate and secure services. Digit Scan will be especially helpful to customers who deal with clients with medial issues or for people who need to identify their customers records in a discreet and accurate manner. The company has a promising future due to the growth rates currently being seen in the biometric field. As the founder of this new business, we are familiar with bring important experience to the business, including [insert a sentence or two describing your experience, include industry experience, startup or small business experience, and even community involvement that shows your character]. I am...
Words: 4937 - Pages: 20
...establishment of internal controls, the users of the financial statements are confident in trusting the data that’s included in the financial statements. The paper will show what controls a company should implement in cash, sales, accounts receivable, inventory, and publication. Internal Controls for Cash Historically, cash has been the primary target of employee fraud thus, carrying the highest risk. A company should focus internal controls on cash first, before any other segment. Cash is a liquid asset, making it easy for thieves to put it in their pocket and leave without any traceability. To avoid theft of cash, a good control system has two or more people handle the cash from customers, endorse checks immediately after receiving, make lists of cash receipts right away, and separate the cash from the bookkeeping documents (Louwers, Ramsay, & Strawser, 2011). Companies should make bank deposits daily, leaving no money withheld from the deposit. When processing cash receipts, employees should follow company policies and procedures laid-out for them at time of hire. Accountants, who are handling the receipts, should never handle the actual cash as a separation of duties. More than one employee should compare accounts receivable balances to check for errors. A test of controls is a procedure a company can perform to determine whether the control activities are working properly. This test will examine, trace, observe, scan, and recalculate the...
Words: 2104 - Pages: 9
...Devry ACCT 212 Entire Course-Latest 2015 November (All Discussions Check Points Midterm Final And Course Proj) IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Devry-ACCT-212-Entire-Course-Latest-2015-November-823823222587.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question week 1 Discussion 1I suspect that most of us can view and appreciate most sports such as baseball, football, and basketball. What if you were to view a Cricket World Cup game? If you didn't know the rules you probably would not have much fun. The same happens in business if you don't understand its language - Accounting. What rules impact a business' Accounting Information System? What types of compliance is required? Discussion 2 In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of Course Project. Let's start with Exercise 1-17A. Read about CoffeeShop Doughnuts and select one of the four requirements to answer. week 2 Discussion 1Last week, we discussed "The Language of Business" and why the accounting information system is important in business. This week, we are going to look at the mechanics of how it all works. It might be a bit easier if we started with an example...
Words: 2904 - Pages: 12
...Cost of Credit 1. In terms of cash flow, what are the stages of the working capital cycle? Cash flows in a cycle into, around and out of a business. It is the business's life blood and every manager's primary task is to help keep it flowing and to use the cash flow to generate profits. If a business is operating profitably, then it should, in theory, generate cash surpluses. If it doesn't generate surpluses, the business will eventually run out of cash and expire. limit, you effectively create free finance to help fund future sales. Each component of working capital (namely inventory, receivables and payables) has two dimensions. TIME and MONEY. When it comes to managing working capital - TIME IS MONEY. If you can get money to move faster around the cycle (e.g. collect monies due from debtors more quickly) or reduce the amount of money tied up (e.g. reduce inventory levels relative to sales), the business will generate more cash or it will need to borrow less money to fund working capital. As a consequence, you could reduce the cost of bank interest or you'll have additional free money available to support additional sales growth or investment. Similarly, if you can negotiate improved terms with suppliers e.g. get longer credit or an increased credit 2. Describe the two components of a working capital management strategy. Current Assets Current assets are items that can be turned into cash quickly. Examples of current assets are cash on hand, short-term investments,...
Words: 1105 - Pages: 5
...Surgery Systems Industry 1.4. Regulation 1.5. SWOT 4. Financial Analysis 1.1.1. Financial Statements Summary 1.1.2. Revenue 1.1.3. Operating Expenses 1.1.4. Balance Sheet 1.1.5. Finance Expenses 1.1.7. Cash 5. Enterprise Value 1.1.5. Methodology 1.1.6. General Valuation Assumptions 1.1.7. WAAC 1.1.8. Evaluation Chart 3 4 4 5 5 6 6 6 6 6 7 8 8 9 9 10 11 11 Net 12 13 13 13 14 DCF 14 2 1. Executive Summary We have been engaged to estimate the fair market value of the business enterprise known as Mazor Robotics, Ltd. (below “Business Enterprise”) as of September 30, 2014 for the purpose of learning and exploring the valuation of the subject as a part of the semester paper. This estimate of value analysis is based on the use of fair market value as the standard of value. For the point at the matter of this analysis, fair market value is defined as the expected price at which the business would change hands between a willing buyer and a willing seller1, based on its future evaluation income, neither being under a constraint to close the deal and both having full conversance of all the relevant facts. This is nearly similar to the market value basis definition as it is stated under the International Valuation Standards2. The report was conducted under the basis of value in on-going activity as a going concern business company. We have based our analysis on the business financial statements, which were available as a public data. We have employed one of methodologies for which...
Words: 6291 - Pages: 26
...represents a true and fair view of operation. To accomplish this, accountants should have a clear understanding of accounting principles and concepts that govern the preparation of accounting statements and develop systems such as internal controls that assure the entity’s operations are properly and effectively recorded. Internal control systems help to ensure that the employees within an organisation carry out their duty and responsibility and act for the good of the business. There are certain key ingredients of a control system such as: environment control, risk assessment, control of flow of activities and monitoring. There are five main internal control procedures – proper authorization, segregation of duties, adequate documentation and records, physical safeguards over assets and records, and independent checks. Proper authorization of transactions and activities helps ensure that all company activities adhere to established guide lines unless responsible managers authorize another course of action. Segregation of duties requires that different individuals be assigned responsibility for different elements of related activities, particularly those involving authorization, custody, or recordkeeping. Adequate documents and records provide evidence that financial statements are accurate. Controls designed to ensure adequate recordkeeping include the creation of invoices and other documents that are easy to use and sufficiently informa tive; the use of prenumbered...
Words: 1149 - Pages: 5
...ACCOUNTING IN CONTEXT POTTER I LIBBY I LIBBY I SHORT ACCOUNTING IN CONTEXT BRADLEY N. POTTER University of Melbourne ROBERT LIBBY Cornell University PATRICIA A. LIBBY Ithaca college DANIEL G. SHORT Texas Christian University Boston Burr Ridge, IL Dubuque, IA Madison, WI New York San Francisco St. Louis Bangkok Bogotá Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto Copyright © 2009 McGraw Hill Australia Pty Limited Additional owners of copyright are acknowledged in page credits. Every effort has been made to trace and acknowledge copyrighted material. The authors and publishers tender their apologies should any infringement have occurred. Reproduction and communication for educational purposes The Australian Copyright Act 1968 (the Act) allows a maximum of one chapter or 10% of the pages of this work, whichever is the greater, to be reproduced and/or communicated by any educational institution for its educational purposes provided that the institution (or the body that administers it) has sent a Statutory Educational notice to Copyright Agency Limited (CAL) and been granted a licence. For details of statutory educational and other copyright licences contact: Copyright Agency Limited, Level 15, 233 Castlereagh Street, Sydney NSW 2000. Telephone: (02) 9394 7600. Website: www.copyright.com.au Reproduction and communication for other purposes Apart from any fair dealing for the...
Words: 7672 - Pages: 31
...Assets are $100,000 and Liabilities are $27,000 by showing the Accounting Equation (10 points) and (2) provide an explanation of what accounts could be found in owners’ equity. (10 points) (Points : 20) (TCO 1) The Accounting Equation is used to develop the organizations financial reports. (1) Describe what assets value would be if Liabilities are $12,000 and Owners’ Equity is $50,000 by showing the Accounting Equation (10 points) and (2) provide an example of two asset accounts that could contain the value. (10 points) (Points : 20) (TCO 1) The financial statements present a company to the public in financial terms. (1) Which financial statement identifies where cash was generated and where it was spent during the year (10 points), and (2) identify the three major parts of this statement. (10 points) (Points : 20) ACCT 212 Discussions ALL 7 Weeks Posted by ALL Students ACCT 212 Discussions 1 Week 1 Financial Statements I suspect that most of us can view and appreciate most sports such as...
Words: 2312 - Pages: 10
...CHAPTER I – THEPROBLEM I. INTRODUCTION Indeed, automation process or electronic-based operations have invaded every work place. It is being employed into operational activities to be able to simplify all related activities and operations. Every business owner wants to know which product sells the most, which customer(s) or client(s) buys frequently, how much inventory is on hand, and what method is preferred by customer when paying and how much did they actually sell on a particular day. The sales and Inventory system issoftware that manages incoming and outgoing stocks, sales, quotations and inventory report etc. The system features point of sales, tracking of employees’ payables and other company’s features. The automation process has also extended more in various companies since expansion of transactions in every company’s branches have been maximizing too. This has been the concern of the study to initiate something beneficial to a company. The study intends to develop a sales and inventory system for the company of Dwinar Computer Center. The purpose of having Sales and Inventory System is to process the tracking inventory products as well as the sales transactions. This support updating information for all items, monitoring inventory depletion and importing and exporting inventory information to form and from external system of records. It does almost every work which is related to an automatic sales and inventory via sales transactions and it is automatically directly...
Words: 3062 - Pages: 13
...AGENDA BUSINESS PLANNING 1. PLANNING FOR A MEETING, TRADE SHOW, EVENT 2. 1 PAGE BIZ SUMMARY-challenging exercise to narrow the scope of the business idea and summarize 3. SNAPSHOT OF A BUSINESS PLAN-details of the sections of a table of contents sections 4. Outline Table of Contents 5. 11-1 TO 11-11 SUM helps research and develop information to complete in chart formats the key information for your written business plan; some charts may be used in your full plan and in your presentation 6. WEB SITE RESOURCES help with information and samples on business plans |EVENT/TRADE SHOW/ MEETING PLAN | | | |DATE: | |NAME: | |LOCATION: ...
Words: 3190 - Pages: 13
...University of South Carolina Moore School of Business FINA 761 (800): Advanced Corporate Finance Fall 2013 Instructor: Eric Powers |Class time: |T/TH 2:50 – 5:35 | |Location: |364 | |Office Hours: |TBD | |Office Hour Location: |BA 462 | |E-mail: |epowers@moore.sc.edu | |Course website: |blackboard.sc.edu | The objective of this course is deepen your understanding of the many issues faced by firms as they identify valuable investment opportunities, raise funds for those investment opportunities, distribute profits to share-holders and debt-holders and deal with the consequences of both good and bad investment financing decisions. We will expand on the concepts that you have learned in FINA 760 or in DMSB 715. Class time will be divided between lectures and case studies. My lectures will briefly review concepts from prior courses. The bulk of my lectures will present advanced material that will be new to you. It is assumed that you understand the concepts from your earlier finance and accounting courses. If not, it is your responsibility to review. In order to reduce your note-taking, my lecture notes will be available...
Words: 2338 - Pages: 10
