ACCOUNTING FOR FINANCIAL MANAGEMENT. Financial Statements
|
|
- Melissa Judith Powell
- 6 years ago
- Views:
Transcription
1 ACCOUNTING FOR FINANCIAL MANAGEMENT Financial Statements Balance Sheet Income Statement Statement of Cash Flows Statement of Stockholders Equity
2 Financial Statements Keep in mind: Backward vs. Looking Book Values vs. Values Accounting Numbers vs. Tax Deductible vs. Taxable to Financial Statements Balance Sheet DocYost, Inc. December 31 Assets: Cash 7,282 9,000 S-T invest. 20,000 48,600 AR 632, ,200 Inventories 1,287, ,200 Total CA 1,946,802 1,124,000 Gross FA 1,202, ,000 Less: Depr. 263, ,200 Net FA 939, ,800 Total assets 2,886,592 1,468,800
3 Balance Sheet DocYost, Inc. December 31 Liabilities and SE: Accts. payable 324, ,600 Notes payable 720, ,000 Accruals 284, ,000 Total CL 1,328, ,600 Long-term debt 1,000, ,432 Common stock 460, ,000 Ret. earnings 97, ,768 Total equity 557, ,768 Total L&E 2,886,592 1,468,800 Income Statement DocYost, Inc. For Year Ended December Sales 5,834,400 3,432,000 COGS 4,980,000 2,864,000 Other expenses 720, ,000 Deprec. 116,960 18,900 Tot. op. costs 5,816,960 3,222,900 EBIT 17, ,100 Int. expense 176,000 62,500 EBT (158,560) 146,600 Taxes (40%) (63,424) 58,640 Net income (95,136) 87,960
4 Sources and Uses of Cash Statement of Cash Flows DocYost, Inc. For Year Ended December 31, 2017 Operating Activities: Net Income (95,136) Adjustments: Depreciation and Amort. 116,960 Change in AR (280,960) Change in inventories (572,160) Change in AP 178,400 Change in accruals 148,960 Net cash provided by ops. (503,936)
5 Statement of Cash Flows DocYost, Inc. For Year Ended December 31, 2017 Investing Activities : Cash used to acquire FA (711,950) Statement of Cash Flows DocYost, Inc. For Year Ended December 31, 2017 Financing Activities: Change in S-T invest. 28,600 Change in notes payable 520,000 Change in long-term debt 676,568 Payment of cash dividends (11,000) Net cash provided by fin. act. 1,214,168 Net change in cash (1,718) Cash at beginning of year 9,000 Cash at end of year 7,282
6 Statement of Stockholders Equity DocYost, Inc. For Year Ended December 31, 2017 Balance of ret. earnings, 12/31/ ,768 Add: Net income, 2017 (95,136) Less: Dividends paid, 2017 (11,000) Balance of ret. earnings, 12/31/ ,632 Net Cash Flow Net Cash Flow =
7 Operating Assets Operating Assets = Necessary to operate the firm Operating Current Assets Usually cash, accounts receivable, and inventories Operating Long-Term Assets Operating Current Liabilities= NOT capital that Usually accounts payable and accruals Nonoperating Assets Nonoperating Assets = NOT necessary to operate the firm Out of the control of management Examples:
8 Operating Capital Net Operating Working Capital = Operating Current Assets Operating Current Liabilities For example: (cash + accounts receivable + inventories) (accounts payable + accruals) Total Net Operating Capital = Net Operating Working Capital + Operating Long-Term Assets Net Operating Profit After Taxes (NOPAT) NOPAT = Features/Uses: Ignores Can compare companies with different capital structures Gives Profit from Operations
9 Free Cash Flow (FCF) FCF = Cash flow available to investors after necessary investment in fixed assets and working capital Free Cash Flow (FCF) Net Investment in Operating Capital = Gross Investment in Operating Capital =
10 Free Cash Flow (FCF) Uses of Free Cash Flow (FCF)
11 Return on Invested Capital (ROIC) ROIC = Goal: Taxes Average vs. Marginal Tax Rates Corporate Taxes: Capital Gains Taxed as ordinary income Dividends Received If own < 20%, can exclude 70% If own > 20% but < 80%, can exclude 80% If own > 80%, can exclude 100% Interest
12 2017 Corporate Tax Rates Taxable Income Tax on Base Rate on amount above base 0-50, % 50,000-75,000 7,500 25% 75, ,000 13,750 34% 100, ,000 22,250 39% 335,000-10M 113,900 34% 10M - 15M 3,400,000 35% 15M M 5,150,000 38% 18.3M and up 6,416,667 35% Taxes
13 Taxes Corporate Taxes: Tax loss carry-backs and carry-forwards 2 years back 20 years forward Taxes Personal Taxes: Capital Gains If own < 1 year, taxed as ordinary income If own > 1 year, taxed at lower rate Dividends Taxed at lower rate Interest Munis S-Corporations vs. C-Corporations
14 Market Value Added (MVA) MVA= Over life of a company Market value of stock equity supplied by shareholders Total market value of firm total capital Economic Value Added (EVA) EVA = Over period of time Measures true economic profit Can be applied to divisions NOPAT After-tax cost of capital used to support operations
15 MVA and EVA for Home Depot What do we need? Where do we find it? What are MVA and EVA? Chapter 6 Suggested Problems Questions: 6-3, and 6-5 through 6-7 Problems: 6-1, 6-2 (typo-corporate not Porporate), 6-3, 6-7, 6-10, and 6-12
Taxes. Financial Statements: Things to Keep in Mind. Cash Flow and Taxes. BUSI 7110/7116 Yost
Cash Flow and Taxes Financial Statements: Things to Keep in Mind Backward vs. Forward Looking Book Values vs. Market Values Accounting Numbers vs. Cash Flows Tax Deductible vs. Taxable Notes to Financial
More informationCh02 Solutions Manual pdf Ch02 Show.pdf
Ch02 Solutions Manual 2015-10-07.pdf Ch02 Show.pdf Chapter 2 Financial Statements, Cash Flow, and Taxes ANSWERS TO END-OF-CHAPTER QUESTIONS 2-1 a. The annual report is a report issued annually by a corporation
More informationCh. 3 Financial Statements, Cash Flows and Taxes. The Balance Sheet. Balance Sheet Model of the Firm
Ch. 3 Financial Statements, Cash Flows and Taxes Topics Key financial statements Balance Sheet Income Statement Cashflow Statement Accounting profits vs. cash flow Taxes The Balance Sheet Definition Financial
More informationCHAPTER 3. Topics in Chapter. Analysis of Financial Statements
CHAPTER 3 Analysis of Financial Statements 1 Topics in Chapter Ratio analysis DuPont equation Effects of improving ratios Limitations of ratio analysis Qualitative factors 2 Determinants of Intrinsic Value:
More informationFinancial Statements, Cash Flow and Taxes
Financial Statements, Cash Flow and Taxes 1. The concept of financial statements 2. Accounting profit and cash flow 3. Modifying accounting data for managerial decisions Financial Statements Annual report:
More informationCHAPTER 3. Analysis of Financial Statements
CHAPTER 3 Analysis of Financial Statements 1 Topics in Chapter Ratio analysis Du Pont system Effects of improving ratios Limitations of ratio analysis Qualitative factors 2 Determinants of Intrinsic Value:
More informationCHAPTER 12 Financial Planning and Forecasting Financial Statements
12-1 CHAPTER 12 Financial Planning and Forecasting Financial Statements Financial planning Additional Funds Needed (AFN) formula Pro forma financial statements Sales forecasts Percent of sales method Financial
More informationChapter 2. Learning Objectives. Topics Covered. Financial Statement and Cash Flow Analysis
Chapter 2 Financial Statement and Cash Flow Analysis 1 Learning Objectives Interpret information contained in the balance sheet, income statement, and statement of cash flows. Explain why income differs
More informationFinancial Analysis Orientation: Financial Statements
Financial Analysis Orientation: Financial Statements 2 Sales: $41,863 Net Income: $6,527 in Cash: $1,246 Total Assets: $87,270 2016 (in millions) Sales: $62,799 Net Income: $6,329 in Cash: $62 Total Assets:
More informationWeek-1 FINC What is Finance? Corporate Finance. Forms of Business Sole Proprietorship Partnership Corporations Limited Liability Companies
Dr. Ahmed FINC 5000 Week-1 Name What is Finance? Corporate Finance Forms of Business Sole Proprietorship Partnership Corporations Limited Liability Companies Finance Money & Markets Investments Managerial
More informationChapter 4. Funds-Flow Analysis and Forecasting. Overview of the Lecture. September The Statement of Cash Flows. Pro Forma Financial Statements
Chapter 4 Funds-Flow Analysis and Forecasting September 2004 Overview of the Lecture The Statement of Cash Flows Pro Forma Financial Statements 2 The Statement of Cash Flows The statement of cash flows
More informationChapter 2. Learning Objectives. Topics Covered. Cash Flow and Financial Statement Analysis
Chapter 2 Cash Flow and Financial Statement Analysis Learning Objectives Interpret information contained in the balance sheet, income statement, and statement of cash flows. Explain why income differs
More informationCh_02_Financial_Statements_Cash_Flow_and_Taxes
Ch_02_Financial_Statements_Cash_Flow_and_Taxes 1 The annual report contains four basic financial statements: the income statement, balance sheet, statement of cash flows, and statement of stockholders'
More informationSolution Manual for Corporate Finance 10th Edition by Ross
Solution Manual for Corporate Finance 10th Edition by Ross Link download full: https://testbankservice.com/download/solution-manualfor-corporate-finance-10th-edition-by-ross Test Bank for Corporate Finance
More informationCh 02 Financial Statements Cash Flow and Taxes
Ch 02 Financial Statements Cash Flow and Taxes TRUEFALSE 1. The annual report contains four basic financial statements: the income statement, balance sheet, statement of cash flows, and statement of stockholders'
More informationWeek-1 BUSN What is Finance? Corporate Finance. Forms of Business Sole Proprietorship Partnership Corporations Limited Liability Companies
Dr. Ahmed BUSN 5200 Week-1 Name What is Finance? Corporate Finance Forms of Business Sole Proprietorship Partnership Corporations Limited Liability Companies Finance Money & Markets Investments Managerial
More informationCHAPTER 2 FINANCIAL STATEMENTS, TAXES, AND CASH FLOWS
CHAPTER 2 FINANCIAL STATEMENTS, TAXES, AND CASH FLOWS Learning Objectives LO1 The difference between accounting value (or book value) and market value. LO2 The difference between accounting income and
More informationChapter 3: Accounting and Finance
FIN 301 Class Notes Chapter 3: Accounting and Finance INTRODUCTION Accounting Function: Gathering, processing, and reporting data. End result is a set of four financial statements 1- Balance sheet 2-Income
More informationPRINT Name: Brief Answer Key.
Financial & Managerial Accounting Fall 2009 Exam 2 General Instructions. Make sure you write answers clearly. Make sure to show your work when appropriate partial credit can be given for work shown. Finally,
More informationEconomic Value Added (EVA)
Economic Value Added (EVA), 2018 Definition Features and problems Computation Economic Value Added (EVA) EVA is promoted by a consulting firm Stern Steward & Co., which was established in 1982 and pioneered
More informationKO Financial Analysis, Page 1 of 10
KO Financial Analysis, Page 1 of 10 Enter Firm Ticker KO values in millions Historical Income Statements Income Statement Forecasting Percentages Enter first year in cell B5 2005 2006 2007 2008 2009 2005
More informationThe Stephan Co. Fourth Quarter Report December 31, 2017 Page 1
Page 1 The Stephan Co. Fourth Quarter Report December 31, 2017 Table of Contents Consolidated Condensed Balance Sheets 3 Consolidated Condensed Statements of Operations for the three months ended December
More informationChapter 17 Financial Planning and Forecasting
Chapter 17 Financial Planning and Forecasting Companies base their operating plans on forecasted financial statements. The company must first forecast sales for the next few years. Then determine the assets
More informationAdvanced Corporate Finance. 2. Financial Planning, from Accounting to Free Cash Flows
Advanced Corporate Finance 2. Financial Planning, from Accounting to Free Cash Flows 2 Exercices Sessions 1. Start the week 8 (6 th of November) 2. 3 groups => alphabetical order A => E : Group 1 Friday
More informationKUHLHOF Ltd. is a service provider. The company offers accounting service to companies.
Aufgabe 0.1: Exercise on Preparing Financial Statements KUHLHOF Ltd. is a service provider. The company offers accounting service to companies. Activity 1: KUHLHOF Ltd. is established on 1.01.20X5 by a
More informationChapter 6 Statement of Cash Flows
Chapter 6 Statement of Cash Flows The Statement of Cash Flows describes the cash inflows and outflows for the firm based upon three categories of activities. Operating Activities: Generally include transactions
More informationProblem 9-48 Ryan Richards, controller for Grange Retailers, has assembled the following data to assist in the. July (estimated) 90,000
Problem 9-48 Ryan Richards, controller for Grange Retailers, has assembled the following data to assist in the preparation of a cash budget for the third quarter of the current year: a)sales: May (actual)
More informationA/P Turnover (Activity)
A/P Turnover (Activity) 1a COGS Avg A/P 1b A/R Turnover (Activity) 2a Net Credit Sales Avg Net Receivables [A/R quality & success in collecting outstanding A/R] 2b A/R Turnover in Days (Activity) 3a Avg
More informationModule 4: Free Cash Flow (FCF) Which cash flows do we discount?
70391 - Finance Module 4: Free Cash Flow (FCF) Which cash flows do we discount? 70391 Finance Fall 2016 Tepper School of Business Carnegie Mellon University c 2016 Chris Telmer. Some content from slides
More informationThis video introduces the income statement. The video starts by showing the income statement in its most concise format as pictured below.
This video introduces the income statement. The video starts by showing the income statement in its most concise format as pictured below. Revenue 74,452 83,492 Expenses 72,434 80,925 Margin (%) 97.3%
More informationFinancial & Managerial Accounting Practice with Ratios and Analysis
Financial & Managerial Accounting Practice with Ratios and Analysis A company had the following income statement for the year and the balance sheet accounts at the end of the year. Use the information
More informationIntercorporate Investments
Intercorporate Investments Investments in Financial Assets - Held to maturity - Trading - Available for sale - Designated fair value Investments in Associates - Equity method Joint Ventures - Proportional
More informationChapter 2 Financial Statement and Cash Flow Analysis
Chapter 2 Financial Statement and Cash Flow Analysis MULTIPLE CHOICE 1. Which of the following items can be found on an income statement? a. Accounts receivable b. Long-term debt c. Sales d. Inventory
More informationForecasting Balance Sheets and Cash Flow Statements for DCF Analyses. Joseph Emanuele ASA, CFA, CPA/ABV/CFF October 8, 2017
Forecasting Balance Sheets and Cash Flow Statements for DCF Analyses Joseph Emanuele ASA, CFA, CPA/ABV/CFF October 8, 2017 What we are NOT doing today: We are NOT going to be learning how to prepare prospective
More informationHomework Solutions - Lecture 1
Homework Solutions - Lecture 1 1. You are analyzing a company with the expected future cash flows shown below. Based on current market prices, the market value of the firm s equity is $1,96.9. The outstanding
More informationBusiness 2019, Fall 2004
Business 2019, Fall 2004 Assignment 1 Suggested Answers 1. Financial Statements and Cash Flows Answer the following questions using Table 1 and the following information: Operating cash flow in 2002 is
More informationAccounting Functions. The various financial statements are- Income Statement Balance Sheet
Accounting Functions The accounting system provides a structure of maintaining details of business transactions that represent the finances of the organization. The various financial statements are- Income
More informationA Simple Model. Introduction to Financial Statements
Introduction to Financial Statements NOTES TO ACCOMPANY VIDEOS These notes are intended to supplement the videos on ASimpleModel.com. They are not to be used as stand alone study aids, and are not written
More informationINTRODUCTION TO CORPORATE FINANCE
INTRODUCTION TO CORPORATE FINANCE Lesson 1&2 Castellanza, 20 th &27 th September 2017 SUMMARY Introduction to Introduction to Financial Statement Balance Sheet and Income Statement reclassification 2 CORPORATE
More informationBUSINESS FINANCE. Financial Statement Analysis. 1. Introduction to Financial Analysis. Copyright 2004 by Larry C. Holland
BUSINESS FINANCE Financial Statement Analysis 1. Introduction to Financial Analysis Slide 1 Welcome to the study of business finance. The major topic in this module is Financial Statement Analysis. And
More informationForecasting for Financial Planning
Forecasting for Financial Planning 1 Learning Objectives The importance of forecasting to business success. The financial forecasting process. Preparation of pro forma financial statements. The importance
More informationWriting a Financial Report: Some Guidelines
Writing a Financial Report: Some Guidelines Table of contents 1. A guiding principle... 2 2. An example of analysis grid... 3 3. Financial ratios: the toolkit of the financial analyst... 4 3.1. Growth
More informationAnalysis write-up at: GOOGLE INC. (GOOG) #2 SUSTAINABLE REVENUE GROWTH
GOOGLE INC. (GOOG) NOMINAL REVENUE 35.00% 3 25.00% 2 15.00% 1 5.00% #1 REAL REVENUE PRICE ADJUSTED REVENUE 29.7% 28.3% 23.8% 6.7% #4 OPERATING EXPENSE CONTROL NOI$ GP$ NOI% GP% CORE OPER EXP% 8 $30,000,000
More informationChange ($) I/O Item. Change ($) I/O Cash +100 O Accounts receivable. 1,000 O Net profits +600 I
COMPLETE SOLUTIONS Chap 3 HW Business Finance P3-4. P3-5. LG 2: Classifying Inflows and Outflows of Cash Item Change ($) I/O Item Change ($) I/O Cash +100 O Accounts receivable 700 I Accounts payable 1,000
More informationChapter 7. Funds Analysis, Cash- Flow Analysis, and Financial Planning
Chapter 7 Funds Analysis, Cash- Flow Analysis, and Financial Planning 7-1 Pearson Education Limited 2004 Fundamentals of Financial Management, 12/e Created by: Gregory A. Kuhlemeyer, Ph.D. Carroll College,
More informationHomework and Suggested Example Problems Investment Valuation Damodaran. Lecture 1 Introduction to Valuation
Homework and Suggested Example Problems Investment Valuation Damodaran Lecture 1 Introduction to Valuation Lecture 1 is an introduction to valuation. This lecture is intended to give you an overview of
More informationENGINEERING FIRM #2 SUSTAINABLE REVENUE GROWTH PRICE ADJ REV SUSTAINABLE REV NOMINAL REV
25.00% 22.50% 2 17.50% 15.00% 12.50% 1 7.50% 5.00% 2.50% 2 15.00% 1 5.00% #1 REAL REVENUE NOMINAL REVENUE PRICE ADJUSTED REVENUE $2,500,000 () () #4 OPERATING EXPENSE CONTROL NOI$ GP$ NOI% GP% CORE OPER
More informationDiscussion Questions
Understanding the Financial Environment of Public Utility Firms Sanford V. Berg Joel F. Houston 1 Overview Our plan is to help facilitate a series of discussions related to utility finance. We will pose
More informationKelley School of Business Example Application of the Cash Flow Identity, p.1 Prof. Durham
Kelley School of Business Example Application of the Cash Flow Identity, p.1 Prof. Durham This next set of materials is intended to give you a master accounting equation that any of you should be mindful
More informationEnd of Chapter Solutions Corporate Finance: Core Principles and Applications 4 th edition Ross, Westerfield, Jaffe, and Jordan
End of Chapter Solutions Corporate Finance: Core Principles and Applications 4 th edition Ross, Westerfield, Jaffe, and Jordan 06-08-2013 Prepared by Brad Jordan University of Kentucky Joe Smolira Belmont
More informationExhibit 1: Trial balance. You are the accountant of GUGULETO Ltd. and have to make bookkeeping entries for the adjustments.
Aufgabe 0.13: Trial Balance The pizza restaurant GUGULETO Ltd. was formed on 1.01.20X3 and records during the accounting period of 20X3 all bookkeeping entries. The business is a limited company and comes
More informationCURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS (2/5) 20th October 4pm
CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS (2/5) 20th October 2008 @ 4pm CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PL www:
More informationAccounting and Ratio Analysis
Accounting and Ratio Analysis Essentials in Management Prof. Sudhakar Balachandran Understanding Financial Performance: Ratio Analysis 1 Objectives: Understanding Financial Performance 1) Introduce the
More information4 Chapter 2 Chapter 2: Financial Statement and Cash Flow Analysis
4 Chapter 2 Chapter 2: Financial Statement and Cash Flow Analysis Answers to End of Chapter Questions 2-1. Financial statement analysis provides information about the company s financial health, and its
More informationBODORP (Pty) Ltd's STATEMENT of FINANCIAL POSITION as at eoy 20X5
Aufgabe QR-10.10: Direkte Methode mit Vergleich von Ein- und Auszahlungen (Direct Method with Comparison of Cash Inflow and Cash Outflow) BODORP (Pty) Ltd is a marketing consultancy. The company has 10
More informationDiversion CF, Inc. (DiversionC) Prepared: 08:46, 2/20/2013 Industry Classification: NAICS Code: MMAS ( )
Detailed Balance Sheet - Actual and % Audit Mthd Unqualif'd Unqualif'd Unqualif'd Accountant Dowe Cheat Dowe Cheat Dowe Cheat CURRENT ASSETS Cash 394 2.2 - - 78 0.5 Accts/Notes Rec-Trade 6,752 38.3 7,977
More informationChapter 8: Fundamentals of Capital Budgeting
Chapter 8: Fundamentals of Capital Budgeting - 1 Chapter 8: Fundamentals of Capital Budgeting Note: Read the chapter then look at the following. Fundamental question: How do we determine the cash flows
More informationEXC Exelon Corporation Sector: Utilities HOLD
Analysts: Alexa Bowen, Blake Porter and Kennedy White Washburn University Applied Portfolio Management EXC Sector: Utilities HOLD Report Date: 4/18/2016 Market Cap (mm) $31,337 Annual Dividend $1.24 2
More informationCarsten Berkau: Bilanzen Aufgaben zu Kapitel 10
Aufgabe QR-10.2: Direkte Methode mit Überleitungsrechnung (Direct Method via Reconciliation of Cash Flows) (To do this task you should read pages 254ff.) HEYWHA TAILOR Ltd. produces high priced T-shirts
More informationChapter 3 Working with Financial Statements
Chapter 3 Working with Financial Statements This chapter is a continuation of Chapter 2. We use accounting numbers because of the unavailability of market numbers. We prefer to use market numbers. Common-Size
More informationEssential Learning for CTP Candidates TEXPO Conference 2017 Session #03
TEXPO Conference 2017: Essential Learning for CTP Candidates Session #3 (Mon.1:45 3:00 pm) Overview of Basic CTP Math from ETM5 Chap 07: Earnings Credits Chap 11: Working Capital Chap 08: Fin. Statements
More informationCURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS (2/5) 21st October 4pm
CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS (2/5) 21st October 2009 @ 4pm CURRENT ASSETS MANAGEMENT: VALUE BASED WORKING CAPITAL DECISIONS E-mail: GRZEGORZ.MICHALSKI@UE.WROC.PL www:
More informationSolution: (1) Establishment of the business on X5 DR Cash/Bank... 20, EUR CR Owner s Equity... 20, EUR
Aufgabe 0.2: Exercise on Subsidiary Ledgers SITTEN (Pty) Ltd. is a production firm and service provider. The company is birthday cake-on-demand bakery. The company is established as sole trader. The owner
More informationGateway NACM Credit Conference Presented by: Curtis Litchfield, CCE September 19, 2018
Welcome Gateway NACM Credit Conference Presented by: Curtis Litchfield, CCE September 19, 2018 Financial Statement Analysis Tools and Techniques Common-Size Financial Statements Key Financial Ratios Trend
More informationAugust 17, 2005 Anderson ECON 136A Exam #1 Name
August 17, 2005 Anderson ECON 136A Exam #1 Name Answer the multiple choice on your green scantron, the problems in your blue-book. Be sure to leave a trail in your problems for partial credit. 1. Another
More informationCVX Chevron Corporation Sector: Energy SELL
Analysts: Zachary Haller, Andrew Paley Brown and Sean Miller Washburn University Applied Portfolio Management CVX Sector: Energy SELL Report Date: 4/18/2016 Market Cap (mm) $157,566 Annual Dividend $4.28
More informationGet Global: Global Cash Flow Analysis
Get Global: Global Cash Flow Analysis Total Training Solutions Bankers Insight Group CASH FLOW NET PROFITS DON T REPAY LOANS What will the customer do with the loan proceeds? How much will your customer
More informationEconomic Profit (aka EVA)
1 Advanced Valuation Methods Economic Profit Model Economic Profit (aka EVA) EVA represents economic value added Reorders cash flows to allow shareholders to relate company operating performance directly
More informationStrategic Modeling Account Definitions
Strategic Modeling Account Definitions Related Topics: (v3.00:220) Years of Loss Carryforward / (v3.00:240) Years of Loss Carryback 4.xx:xxxx Accounts 5.xx:xxxx Accounts 1000.xx:xxxx to 1999.xx:xxx Accounts
More informationVerizon Communications Inc. Sector: Telecommunication Services Hold
Applied Portfolio Management Analysts: Travis Hirt, Brandon Holle and Mark Latimer VZ Verizon Communications Inc. Sector: Telecommunication Services Hold Report Date: 4/4/25 Market Cap (mm) $85,94 Annual
More informationValue Based Management
Value Based Management Intro (1)... Requirement for value creation: ROI>k. Measuring business profitability: Economic profit = NI Cost of invested capital. VBM financial perspective: EP is key measure
More informationESV Ensco plc Sector: Energy SELL
Analysts: Spencer Elkinton, Jake Gregg and Adam Smith Washburn University Applied Portfolio Management ESV Sector: Energy SELL Report Date: 4/18/2016 Market Cap (mm) $2,013 Annual Dividend.60 2 Yr Beta
More informationWeek-2. Dr. Ahmed. Strategic Plan
FINC 5880 Dr. Ahmed Week-2 Name Strategic Plan Financial Plan Projected Financial Statements Additional Funds Needed (AFN, EFN, DFN) Internal and External Funding Evaluation and Control Sales Forecast
More informationCHAPTER 2 FINANCIAL STATEMENTS, TAXES, AND CASH FLOWS
CHAPTER 2 FINANCIAL STATEMENTS, TAXES, AND CASH FLOWS Learning Objectives LO1 The difference between accounting value (or book value) and market value. LO2 The difference between accounting income and
More informationFinancials/Valu FY15 FY16 FY17 FY18E FY19E
29Aug17 INDUSTRY Eng. & Cons. BSE Code 540047 NSE Code NIFTY DBL 9912 Company Data CMP 625 Target Price 6 Previous Target Price 595 Upside 9% 52wk Range H/L Mkt Capital (Rs Cr) Av. Volume (,000) Superior
More informationCA - FINAL CORPORATE VALUATION. FCA, CFA L3 Candidate
CA - FINAL CORPORATE VALUATION FCA, CFA L3 Candidate 3.1 Corporate Valuation Study Session 3 LOS 1 : Introduction LOS 2 : Dividend Yield Valuation Method Dividend Yield = DPS MPS Note: DPS MPS = Dividend
More informationQisda Corporation 2014 Q4 Results
Qisda Corporation 2014 Q4 Results March 19, 2015 Outline Q4 and 2014 DMS Business Financial Results 2014 Q4 DMS Business Summary 2 1 Safe Harbor Notice We have made forward-looking statements in the presentation.
More informationDUKE UNIVERSITY, FUQUA SCHOOL OF BUSINESS ACCOUNTG 512F: FUNDAMENTALS OF FINANCIAL ANALYSIS. Note on Financial Statements and Financial Ratios
DUKE UNIVERSITY, FUQUA SCHOOL OF BUSINESS ACCOUNTG 512F: FUNDAMENTALS OF FINANCIAL ANALYSIS Note on Financial Statements and Financial Ratios I. Review of Financial Statements The Balance Sheet Financial
More informationGeorgia Banking School Financial Statement Analysis. Dr. Christopher R Pope Terry College of Business University of Georgia
Georgia Banking School Financial Statement Analysis Dr. Christopher R Pope Terry College of Business University of Georgia Introduction Objective My objective is to introduce you to the analysis of financial
More informationYALE UNDERGRADUATE DIVERSIFIED INVESTMENTS
YALE UNDERGRADUATE DIVERSIFIED INVESTMENTS Education Meeting # 4 SEC Filings and Financial Statements February 11 9 Pm LC 101 Goals of Meeting # 4 1) SEC Filings Overview 2) 3 Major Financial Statements
More informationSession 2, Sunday, April 2nd (1:30-5:00) v Association for Financial Professionals. All rights reserved. Session 3-1
Session 2, Sunday, April 2nd (1:30-5:00) v2.0 2014 Association for Financial Professionals. All rights reserved. Session 3-1 Chapters Covered Financial Accounting and Reporting: Part I, Domain B Chapter
More informationFinancial Statement Analysis
Financial Statement Analysis Lakehead University September 2003 Overview of the Lecture 2.1 Financial Statements 2.2 Ratio Analysis 2.4 Common-Size Analysis 2.3 Changing Prices 2.5 International Considerations
More informationJackson Masonry Loan Relationship: A Case in Commercial Bank Lending. Part 1: Annual Loan Review
Jackson Masonry Loan Relationship: A Case in Commercial Bank Lending Steve A. Nenninger Sam Houston State University Abstract This case describes a series of loan renewals and credit requests of a manufacturing
More informationFraport AG Frankfurt Airport Services Worldwide Consolidated Income Statement * million
Consolidated Income Statement * 2007 2008 Change in % Revenue 2.329,0 2.101,6-9,8 Change in work-in-process 0,5 0,4-20,0 Other internal work capitalized 24,6 33,8 37,4 Other operating income 71,7 66,1-7,8
More informationMIDTERM REVIEW
15.515 MIDTERM REVIEW Review of Key Concepts Revenue Recognition Accounts Receivable Inventory (LIFO vs. FIFO) PP&E Statement of Cash Flows Problems E4-5 P6-4 P7-9 P9-8 P14-14 Checklist Famous Last Words
More informationCorporate Accounting Recitation 3. June 18, 2004
15.511 Corporate Accounting Recitation 3 June 18, 2004 Why do we need CF/S? Accrual accounting is often based upon subjective judgments that can introduce measurement error and uncertainty into the reported
More informationSpreadsheet versus T-Account
Chapter 21 The Statement of Cash Flows Part 2 The Mechanics of the T-Account Approach Intermediate Accounting II Dr. Chula King Spreadsheet versus T-Account Spreadsheet Approach Columns Balance Sheet:
More informationIntroduction to Theoretical Finance GEST-S318
Introduction to Theoretical Finance GEST-S318 2016-2017 Prof. Laurent Gheeraert 1. What is Finance? Basics of Accounting & Financial Statements Analysis Prof. Laurent GHEERAERT Solvay Brussels School of
More informationLearning Outcomes. The Statement of Cash Flows. Chapter 4: The Income Statement, Comprehensive Income and The Statement of Cash Flows: Part 2
Chapter 4: The Income Statement, Comprehensive Income and The Statement of Cash Flows: Part 2 The Statement of Cash Flows Dr. Chula King Intermediate Accounting 1 Learning Outcomes After completing this
More informationWorking with Financial Statements
Working with Financial Statements Lakehead University September 2004 Overview of the Lecture 3.1 Cash Flow and Financial Statements 3.2 Standardizes Financial Statements 3.3 Ratio Analysis 3.4 Dupont Identity
More informationWorking with Financial Statements
Working with Financial Statements Lakehead University September 2004 Overview of the Lecture 3.1 Cash Flow and Financial Statements 3.2 Standardizes Financial Statements 3.3 Ratio Analysis 3.4 Dupont Identity
More informationInvestor Overview NYSE: CW
Investor Overview NYSE: CW 1 2019 Curtiss-Wright Safe Harbor Statement Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation
More informationBusiness Ratios. Current Ratio
Current Ratio Business Ratios Measures whether or not the firm has enough resources to pay its debt over the next 12 months formula: Current Ratio = Current Assets Current Liabilities Acceptable ratios
More informationINTRODUCING THE INCOME STATEMENT
EXECUTIVE EDUCATION INTRODUCING THE INCOME STATEMENT ARJEN MULDER EXPLANATION OF THE TOPIC This video will familiarise you with the concept of an income statement, by showing: 1. What is the purpose of
More informationCHAPTER 2. Financial Statements, Cash Flows, Taxes, and the Language of Finance
CHAPTER 2 Financial Statements, Cash Flows, Taxes, and the Language of Finance INSTRUCTOR S RESOURCES Overview Chapter 2 focuses on financial statements, cash flows, and taxes. The characteristics, format,
More informationSubsidiary Preferred Stock, Consolidated Earning per Share, and Taxation
Subsidiary Preferred Stock, Consolidated Earning per Share, and Taxation Patriani Wahyu Dewanti, S.E., M.Acc. Accounting Department Faculty of Economics Yogyakarta State University GENERAL OVERVIEW This
More informationKMI Kinder Morgan, Inc. Sector: Energy HOLD
Analysts: Aleck Boyd, Dario Munoz Poletti, Bernadette Smith and Sara Specht Washburn University Applied Portfolio Management KMI Sector: Energy HOLD Report Date: 4/18/2016 Market Cap (mm) $39,563 Annual
More information1 2. Financial ratios
1 2. Financial ratios Warning 2 Remember that accounting statements are based on book values. We would prefer to make decisions based on market values, but such information may not be easy to obtain, and
More informationConsolidated Statement of Financial Position
Consolidated Statement of Financial Position as at 31 December 2013 Assets Non-current assets 31.12.2013 31.12.2012 Intangible assets (1) 461,311 455,812 Property, plant and equipment (2) 60,968 60,196
More informationIFRS Financial Ratios
100 IFRS Financial Ratios Authors Ulrich Wiehle Michael Diegelmann Henryk Deter Dr. Peter Noel Schömig Michael Rolf 100 IFRS Financial Ratios cometis publishing GmbH & Co. KG, Unter den Eichen 7, 65195
More information