Y-Factor is able to directly ascribe only below costs to each of its products:
|
|
- Linda Stevenson
- 8 years ago
- Views:
Transcription
1 INDIVIDUAL COURSEWORK AUTUMN % OF MODULE MARK SUBMISSION DEADLINE: 12:00, January 31 st, This individual coursework carries 100 marks. The total word count for the solution to this coursework is 2,500 words. You will be penalised for exceeding this word limit. The company Y-Factor Plc was established in 2000 in USA to provide factoring services. It keeps receivable accounts and records transactions in its own information system Factor-Sys. Since 2005, the company also acts as a settlement agent for companies with a great number of receivables. Settlement transactions are also processed by Factor-Sys. In 2013, Y-Factor Plc set up a subsidiary, which provides short-term loans and instalment payments for Y-Factor debtors. Revenues: Currently, the company charges its clients: 1. For factoring services: on average 10% of receivables (depending on the credibility analysis of debtors); 2. For receivables settlement: $3 annual fee per account; 3. On loans: 15% of the borrowed amount per annum (depending on the credibility analysis of debtors). Direct costs: Y-Factor is able to directly ascribe only below costs to each of its products: 1. Factoring: Costs of annual confirmations (number of letters sent equal to the number of accounts x unit costs of one letter). In 2015 Y-Factor sent 50,000 letters, each costing $4. 2. Settlement: none 3. Loans: charges for bank accounts kept for loans ($10 per annum x number of bank accounts (2,000 accounts in 2015)). Overheads: Currently overheads are collected, then allocated to each of the three products by using the overhead rate per one account (Total actual overheads/ total number of accounts = about $1.92 in 2015). 1
2 Products profitability analysis for 2015: P&L ($) Jan 1st-Dec 31st, 2015 Volumes Pricing base Factoring Receivables nominal value 50,000,000 Settlement No of accounts 1,000,000 Loans Amount borrowed 1,000,000 Selling price: Factoring Average % of receivables nominal value 10% Settlement Price per account 3.00 Loans Interest rate 15% Revenues: Factoring 5,000,000 Settlement 3,000,000 Loans 150,000 Revenues 8,150,000 Overheads estimation: Estimated overheads: 2,020,000 Estimated number of accounts, including: 1,052,000 - Factoring 50,000 - Settlement 1,000,000 - Loans 2,000 Rate per account 1.92 Products profitability Factoring Revenues 5,000,000 Loans direct costs: bank charges - factory burden 96,008 Factoring -Gross margin 4,703,992 Settlement Revenues 3,000,000 Factoring direct costs: annual confirmations - Loans direct costs: bank charges - factory burden 1,920,152 Settlement -Gross margin 1,079,848 Loans Revenues 150,000 Factoring direct costs: annual confirmations - factory burden 3,840 Loans -Gross margin 126,160 84% Gross margin- total 5,910,000 Total overhead 2,020,000 2
3 Profit and loss account for 2015: P&L ($) Jan 1st-Dec 31st, 2015 Revenues 8,150,000 Total overhead 2,020,000 Cost of Goods Sold 2,240,000 Gross Margin 5,910,000 Operating costs 5,623,000 Depreciation and amortization 800,000 Payroll 1,500,000 TI costs 1,987,000 Rent 670,000 Professional fees 350,000 Other services 130,000 Entertainment & Travel 120,000 Fees 12,000 Other expenses 54,000 Gross profit / loss 287,000 Financial ratios Gross profit 287,000 Groff profit 3.5% Gross margin 5,910,000 Gross margin 72.5% The problem One of the biggest Y-Factor clients believes the company s settlement services are too expensive as competitors prices are about 5-10% lower. Y-Factor managers are aware that some clients for whom settlement services are provided may resign from the services if the charges are maintained at the above level. The managers also suspect that any charge reduction for one client will additionally force fee reduction for other Y-Factor clients. The company analysed prices of competitive companies and prepared new charge structures: 1. Factoring services: 9% of receivables + reimbursement of direct cost and overheads; 2. Receivables settlement: $1.5 per account annually + reimbursement of direct cost and overheads; 3. Loans: without changes. 3
4 The Financial Director suspects that the cost apportionment is not fair and is considering switching to a more detailed allocation of overheads. In order to do so, the following resources and activities were identified: Total cost Cost for 2015 ($) Settlement operators (FTE) 900,000 System implementation 480,000 no. units in 2015 Cost driver Factoring Settlement Loans Total No. accounts 50,000 1,000,000 2,000 1,052,000 No. purchased batches Telephone charges 320,000 No. phone calls 100,250 5,000 12, ,260 CC operators (FTE) 300,000 Debt collection agents 20,000 No. phone calls No. Nonperforming debts 2, ,800 Total 2,020,000 Requirements: Part Re-calculate revenue from settlement agent services based on new fees, and compare the results with the current revenue to see whether targeted 5% decrease of revenues from settlement agent services was achieved. 2. Re-calculate profitability of Y-Factor products (factoring, settlement, loans) using the Activity Based Costing technique, basing calculation on the current pricing policy. 3. Explain briefly why these numbers differ from the profitability of products calculated using the Y-Factor Plc existing simple costing system. 4. Estimate revenue, product profitability and company profit, basing calculations on the new basic fees + cost reimbursement (specified on page 3). Based on the outcomes, advise Senior Managers which costing and pricing system should be applied. As the market becomes increasingly competitive, further price cut expectations may become more common. Senior Managers are aware that in order to maintain profitability, Y-Factor have to continuously improve efficiency. In order to do so, Senior Managers want to set up financial and nonfinancial targets for managers of critical Y-Factor Plc. departments. These units and the main responsibilities of these departments are specified below: Department Main Responsibilities Settlement department - Settlement of receivables with payments - Generating periodical and ad hoc reports according to clients requests - Receivable and debtor analysis for clients 4
5 Department Main Responsibilities Call Centre - Incoming and out coming phone calls handling - Phone debt collections (relegated by Legal department) Asset management - Credibility analysis of receivables in case of factoring services - Debtors credibility analysis before loan granting - Pricing (factoring and loan services only, prices should be set up at the level which covers financial risk) - Sale of factoring services and loans - Managing debt collection process in case of nonperforming debts (debts at risk of not being repaid) IT - Factor-Sys (operating system) development and improvement - Implementation of new reports according to client requirements - IT services for all company departments - Purchases of hardware and software Legal - Preparation of agreements according to current law requirements - Advisory in debt collection regulations - Debt collections process coordination Product development - Existing product improvements - Implementation of new products - Collecting of requirements from existing clients - Maintaining relationship with existing clients Correspondence and - Handling with incoming and out coming mails archive - Scanning of all documents - Archiving of company documents Managers of the above departments are responsible for recruitment and training of their subordinates and for all costs their incur. Currently, their efficiency was assessed in a form of comparison of actual costs incurred versus annual budget figures. Annual bonuses for managers was granted on discretionary basis, when the company generated net profit margin above 3%. Requirements: 1. Utilising insights from the relevant literature, suggest performance measures for above departments: give examples of NFPI s (non-financial performance indicators), KPI s (Key performance indicators) and suggest incentive systems for managers of above departments. Make necessary justifications, but do not rewrite the case. 5
Understanding Financial Statements. For Your Business
Understanding Financial Statements For Your Business Disclaimer The information provided is for informational purposes only, does not constitute legal advice or create an attorney-client relationship,
More informationUsing Accounts to Interpret Performance
Using s to Interpret Performance ing information is used by stakeholders to judge the performance and efficiency of a business Different stakeholders will look for different things: STAKEHOLDER Shareholders
More informationLearn by doing! Use this workbook in combination with FaBLinker on www.fabeducation.com to learn and reinforce financial skills
Learn by doing! Use this workbook in combination with FaBLinker on to learn and reinforce financial skills 1 Table of Contents Part 1 Financials Practice... 3 Practice 1 - An introduction to FaBLinker...
More informationPerformance Review. Sample Company
Performance Review Sample Company For the period ended 12/31/2017 Provided By Page 1 / 18 This report is designed to assist you in your business' development. Below you will find your overall ranking,
More informationPROFITCENTS ANALYTICAL PROCEDURES EXPECTED VALUE METHODOLOGY
PROFITCENTS ANALYTICAL PROCEDURES EXPECTED VALUE METHODOLOGY INTRODUCTION This document includes an analysis of the projection methodology used in ProfitCents Analytical Procedures in calculating expectations
More informationFINANCIAL MANAGEMENT
100 Arbor Drive, Suite 108 Christiansburg, VA 24073 Voice: 540-381-9333 FAX: 540-381-8319 www.becpas.com Providing Professional Business Advisory & Consulting Services Douglas L. Johnston, II djohnston@becpas.com
More informationFinancial Statements and Ratios: Notes
Financial Statements and Ratios: Notes 1. Uses of the income statement for evaluation Investors use the income statement to help judge their return on investment and creditors (lenders) use it to help
More informationAccounting, CPT Chapter 6 CA PRATHAP SS
Accounting, CPT Chapter 6 CA PRATHAP SS INTRODUCTION Preparation of Final Accounts is the last phase of the Accounting Process. INTRODUCTION The process of accounting starts from Transaction then entered
More informationB. Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ).
Manufacturing Accounts ( ) S5 Manufacturing Account/LWL A. Function of a Manufacturing Acccount For those businesses which deal with manufacturing products. It is common in today s business to act both
More informationSubject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014
Warsaw, February 12, 2015 Subject: Preliminary consolidated financial statements of the Capital Group of Bank Handlowy w Warszawie S.A. for the 2014 Legal basis: Art. 5 section 1 item 25) of the Ordinance
More informationPaper P6 (HKG) Advanced Taxation (Hong Kong) Friday 5 December 2014. Professional Level Options Module
Professional Level Options Module Advanced Taxation (Hong Kong) Friday 5 December 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section A
More informationHow To Measure Performance In The Accommodation Industry
Key Performance Indicators A guide to help you understand the key financial drivers in your business Running any business effectively requires good decision making which is based on good and timely management
More informationIntercompany Indebtedness. Chapter 8. Intercompany Indebtedness. Consolidation Overview. Consolidation Overview. Intercompany Indebtedness
Chapter 8 Intercompany Indebtedness Intercompany Indebtedness One advantage of having control over other companies is that management has the ability to transfer resources from one legal entity to another
More informationJANNEY MONTGOMERY SCOTT LLC Statement of Financial Condition Year ended June 30, 2013 (Unaudited)
JANNEY MONTGOMERY SCOTT LLC Statement of Financial Condition Year ended June 30, 2013 (Unaudited) Janney Montgomery Scott LLC Financial Statements and Supplemental Information For the year ended June 30,
More informationInstructions for E-PLAN Financial Planning Template
Instructions for E-PLAN Financial Planning Template The EPLAN template will assist you in preparing financial projections for your existing business. The template uses Microsoft Excel to prepare your projected
More informationCompany Accounts, Cost and Management Accounting
Company Accounts, Cost and Management Accounting Roll No : 1 : 262 Time allowed : 3 hours Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 8 NOTE : All working notes should
More information12 Business Information (Green Sheet)
Give us COPIES only Clips only - NO STAPLES 12 Business Information (Green Sheet) If you are self-employed, or if you have had income for which you do not receive a W-2, please provide the following: A.
More informationPaper F3. Financial Accounting. Specimen Exam applicable from June 2014. Fundamentals Level Knowledge Module
Fundamentals Level Knowledge Module Financial Accounting Specimen Exam applicable from June 2014 Time allowed: 2 hours This paper is divided into two sections: Section A ALL 35 questions are compulsory
More information6. Show all your workings. icpar
CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.
More informationACCOUNT DEBIT CREDIT Accounts receivable 10,000 Sales 10,000 To record the sale of merchandise to Sophie Company
CURRENT RECEIVABLES Receivables are the amount owed to the organization by its customers and/or others. Current receivables will be collected within one year or the current operating cycle which ever is
More informationUNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT
ACCRUAL BASIS JUDGE: UNITED STATES BANKRUPTCY COURT NORTHERN & EASTERN DISTRICTS OF TEXAS REGION 6 MONTHLY OPERATING REPORT MONTH ENDING: MONTH YEAR IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED
More informationWhy Do Farmers / Clubs / Firms / Anyone Prepare Accounts? To calculate profit. To assess the effectiveness of different parts of the organisation.
Accounting Theory. In recent years the amount of theory being asked on the Leaving Certificate paper has steadily increased. This is a trend that is likely to continue. Below is an outline of the likely
More informationDecember 2013 exam. (4CW) SME cash and working capital. Instructions to students. reading time.
1 December 2013 exam (4CW) SME cash and working capital Instructions to students 1. Time allowed is 3 hours and 10 minutes, which includes 10 minutes reading time. 2. This is a closed book exam. 3. Use
More informationUnderstanding Annual Reports and Company Accounts
Understanding Annual Reports and Company Accounts A Guide to Financial Statements Ian McIsaac www.mcisaac.co.uk 14/04/04 Page 1 of 27 Welcome to this guide to financial statements and company accounts.
More information11.437 Financing Community Economic Development Class 6: Fixed Asset Financing
11.437 Financing Community Economic Development Class 6: Fixed Asset Financing I. Purpose of asset financing Fixed asset financing refers to the financing for real estate and equipment needs of a business.
More informationModule 2: Preparing for Capital Venture Financing Financial Forecasting Methods TABLE OF CONTENTS
Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods Module 2: Preparing for Capital Venture Financing Financial Forecasting Methods 1.0 FINANCIAL FORECASTING METHODS 1.01 Introduction
More informationBasic Business Plan Outline
Basic Business Plan Outline A business plan needs to be a well thought out, honest, appraisal of the business and opportunity. This outline is meant to be used for your road map. It should be a living
More informationPaper F7 (IRL) Financial Reporting (Irish) Wednesday 7 December 2011. Fundamentals Level Skills Module
Fundamentals Level Skills Module Financial Reporting (Irish) Wednesday 7 December 2011 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted.
More informationPerformance Review for Electricity Now
Performance Review for Electricity Now For the period ending 03/31/2008 Provided By Mark Dashkewytch 780-963-5783 Report prepared for: Electricity Now Industry: 23821 - Electrical Contractors Revenue:
More information2012 Annual Financial Statements Questionnaire
Nair & Chen Chartered Accountants Limited 280 Great South Rd PO BOX 74-322 Greenlane Auckland 1051, New Zealand 2012 Annual Financial Statements Questionnaire Business Name: Financial Year ended: 2012
More informationAutomatic Data Processing
Automatic Data Processing Professor Skown Team 7 Ranked 272 on the Fortune 500 list Tax filing and payroll processors wise ADP is one of the top in the entire world By itself ADP does 8,881.5 million dollars
More informationShort-Term Financing
Short-Term Financing 1. Bridgeport Inc has a $30 million revolving credit agreement with its bank at prime plus 3.2% based on a calendar year. Prior to the month of April, it had taken down $15 million
More informationFinancial. Management FOR A SMALL BUSINESS
Financial Management FOR A SMALL BUSINESS 1 Agenda Welcome, Pre-Test, Agenda, and Learning Objectives Benefits of Financial Management Budgeting Bookkeeping Financial Statements Business Financing Key
More informationMTC APPORTIONMENT AND ALLOCATION RULES FOR FINANCIAL INSTITUTIONS
MTC APPORTIONMENT AND ALLOCATION RULES FOR FINANCIAL INSTITUTIONS On the July 8, 2008 definitions working group conference call, states were asked to submit written comments outlining the issues that each
More informationGuide to Financial Ratios Analysis A Step by Step Guide to Balance Sheet and Profit and Loss Statement Analysis
Guide to Financial Ratios Analysis A Step by Step Guide to Balance Sheet and Profit and Loss Statement Analysis By BizMove Management Training Institute Other free books by BizMove that may interest you:
More informationPaper P1 Performance Operations Post Exam Guide March 2011 Exam. General Comments
General Comments Performance overall in March 2011 was comparable to the September 2010 diet. While the pass rate was acceptable, it could have been significantly improved if candidates had worked through
More informationSelf-test Comprehensive Problems II 综 合 自 测 题 II
Self-test Comprehensive Problems II 综 合 自 测 题 II Part One (30%) 1. Give the Chinese/English of the following terms: (5%) subsidiary ledger 统 制 账 户 purchase requisition 现 金 溢 缺 petty cash fund 永 续 盘 存 制
More informationtes for Guidance Taxes Consolidation Act 1997 Finance Act 2014 Edition - Part 13
Part 13 Close companies CHAPTER 1 Interpretation and general 430 Meaning of close company 431 Certain companies with quoted shares not to be close companies 432 Meaning of associated company and control
More informationHome and Community Based Services Cost Report Preparation Training Presented by P&N on behalf of DHH. September 24, 2012
Home and Community Based Services Cost Report Preparation Training Presented by P&N on behalf of DHH September 24, 2012 Agenda Objectives Background Overview of Cost Report Required Attachments to the
More informationPaper F7 (INT) Financial Reporting (International) Wednesday 5 June 2013. Fundamentals Level Skills Module
Fundamentals Level Skills Module Financial Reporting (International) Wednesday 5 June 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted.
More informationhow to finance the business
A DV I C E B O O K L E T how to finance the business HOW TO FINANCE THE BUSINESS Getting enough of the right funding is one of the more difficult tasks that you will face as a new entrepreneur. Typically,
More informationICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION
ICAP GROUP S.A. FINANCIAL RATIOS EXPLANATION OCTOBER 2006 Table of Contents 1. INTRODUCTION... 3 2. FINANCIAL RATIOS FOR COMPANIES (INDUSTRY - COMMERCE - SERVICES) 4 2.1 Profitability Ratios...4 2.2 Viability
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate 2014. Marking Scheme. Accounting. Higher Level
Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2014 Marking Scheme Accounting Higher Level Note to teachers and students on the use of published marking schemes Marking
More information7 Management of Working Capital
7 Management of Working Capital BASIC CONCEPTS AND FORMULAE 1. Working Capital Management Working Capital Management involves managing the balance between firm s shortterm assets and its short-term liabilities.
More informationFINANCIAL MANAGEMENT DEVELOPMENT. Financial Accounting. University Accounting NO 164 KEY PERFORMANCE INDICATORS
FINANCIAL MANAGEMENT DEVELOPMENT Financial Accounting University Accounting NO 164 KEY PERFORMANCE INDICATORS FINANCIAL 1 333 35753 MANAGEMENT DEVELOPMENT ONE OF A SERIES OF GUIDES FOR FINANCIAL MANAGEMENT
More informationLearning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.
0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting
More informationWebcast Accounting for a purchase of own shares out of distributable reserves
Webcast Accounting for a purchase of own shares out of distributable reserves Simone Taylor-Allkins Technical Advisory Services, ICAEW Introduction how can we do a purchase of own shares? Small cash purchase
More informationFrequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs) General questions: Q: Why is there a requirement for the VAP form to be certified by auditor or CEO (or any equivalent)? Can t we just send our audited accounts for BCA
More informationLEADing Practice Financial Scorecard Measurements
LEADing Practice Financial Scorecard Measurements Scorecard Area Finance & Accounting Scorecard Group Accounting ratios Balance sheet Scorecard Performance Measurement Deferred revenue as % of total revenue
More informationPlan and Track Your Finances
Plan and Track Your Finances 9.1 Financing Your Business 9.2 Pro Forma Financial Statements 9.3 Recordkeeping for Businesses Lesson 9.1 Financing Your Business Goals Estimate your startup costs and personal
More informationPlan and Track Your Finances
Chapter 9 Plan and Track Your Finances 9.1 Finance Your Business 9.2 Pro Forma Financial Statements 9.3 Record Keeping for Businesses Ideas in Action Electronic Safekeeping Katelin Shea addressed the unmet
More informationGOLDMAN SACHS EXECUTION & CLEARING, L.P. and SUBSIDIARIES
CONSOLIDATED STATEMENT of FINANCIAL CONDITION PURSUANT to RULE 17a-5 of the SECURITIES and EXCHANGE COMMISSION As of June 30, 2010 30 HUDSON STREET JERSEY CITY, NJ 07302 CONSOLIDATED STATEMENT OF FINANCIAL
More informationIncisive Business Guide to Factoring
Incisive Guide to Factoring Factoring Guide Summary This guide from Incisive outlines the features and benefits for your business from using factoring and invoice discounting services. Factoring is commonly
More informationBusiness Plan Template
Business Plan Template Why have a Business Plan? The real value of your business plan is to empower you in a systematic way to comprehend the dynamics of your business. It enables you to review your business
More informationSUBMISSION ON THE AER'S DRAFT DISTRIBUTION DETERMINATION 2011-2015, APPENDIX P: DEBT RAISING COSTS
SUBMISSION ON THE AER'S DRAFT DISTRIBUTION DETERMINATION 2011-2015, APPENDIX P: DEBT RAISING COSTS 19 August 2010 119476207 This submission sets out CitiPower Pty (CitiPower) and Powercor Australia Limited's
More informationCAPITAL ONE INVESTING, LLC (An Indirect Wholly Owned Subsidiary of Capital One Financial Corporation) Period Ended June 30, 2015.
S T A T E M E N T O F F I N A N C I A L C O N D I T I O N Period Ended June 30, 2015 (Unaudited) Contents Statement of Financial Condition (Unaudited)...1 Notes to Statement of Financial Condition...2
More informationDeveloping Financial Statements
New York StartUP! Business Plan Competition Developing Financial Statements Presented by Paisley Demby, CEO PBN Consulting, LLC www.pbnconsulting.com 1 Invitation to Tweet #2015NYStartUp PaisleyDemby Contents
More informationPerriam & Partners Ltd Chartered Accountants & Business Advisors
Perriam & Partners Ltd Chartered Accountants & Business Advisors 2014 BUSINESS QUESTIONNAIRE BUSINESS NAME: E-MAIL ADDRESS: CONTACT PERSON: HOME PHONE NUMBER: CELLPHONE NUMBER: ADDRESS: AUTHORITY AND TERMS
More informationRENAISSANCE ENTREPRENEURSHIP CENTER First Finance Class (FIN-1)
Finance 1 (FIN-1) RENAISSANCE ENTREPRENEURSHIP CENTER (FIN-1) Learning Outcomes At the conclusion of this class, you should: Know what will be covered in the six finance class sessions. Have reviewed some
More informationCOST AND MANAGEMENT ACCOUNTING
EXECUTIVE PROGRAMME COST AND MANAGEMENT ACCOUNTING SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute) Time allowed: 3 hours Maximum marks : 100
More informationRural Loan Financial Indicator Ratios 1
Rural Loan Financial Indicator Ratios 1 The parameters used in loan analysis describe and compare the situation of a business or project. None in itself is complete but when several are used together,
More informationRatios and interpretation
Unit Ratios and interpretation As we learnt in our earlier studies, accounting information is used to answer two key questions about a business: Is it making a profit? Are its assets sufficient to meet
More informationEnterprise Ireland. Finance 4 Growth Sourcing External Funding. June 2012
Enterprise Ireland Finance 4 Growth Sourcing External Funding June 2012 Cormac Mohan FM Accountants & Business Advisers cmohan@fmaccountants.ie www.fmaccountants.ie Agenda / Contents : Introduction Cash
More informationUNDERSTANDING WHERE YOU STAND. A Simple Guide to Your Company s Financial Statements
UNDERSTANDING WHERE YOU STAND A Simple Guide to Your Company s Financial Statements Contents INTRODUCTION One statement cannot diagnose your company s financial health. Put several statements together
More informationBizScore Contractor Example
BizScore Contractor Example For the period ending 12/31/2009 Provided By www.bizscorevaluation.com 919-846-4747 bizscore@gmail.com Page 1 / 11 This report is designed to assist you in your business' development.
More informationCASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes
MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size
More informationExport Business Plan Guide
Export Business Plan Guide Table of Contents Introduction... 4 SECTION 01: CURRENT SITUATION ANALYSIS... 5 Company Overview... 5 Availability of Resources... 6 SWOT Analysis... 9 SECTION 02: MARKET ANALYSIS...
More informationConsolidated Financial Review for the First Quarter Ended June 30, 2004
Consolidated Financial Review for the First Quarter Ended August 9, 2004 Company Name: Head Office: Tokyo, Japan URL: Stock exchange listing: Tokyo Stock Exchange 1ST Section Code number: 6481 Representative:
More informationJUNE 2012 EXAMINATION. D2. Business Finance. Answer ALL THREE questions. Question 1: 20 marks available. Question 2: 30 marks available
1 JUNE 2012 EXAMINATION D2. Business Finance Instructions to candidates 1. Time allowed is 3 hours and 10 minutes, which includes 10 minutes reading time. 2. This is a closed book examination. 3. Use of
More informationRegulation on reporting of non-performing and other zero-interest assets
Changes are underlined 1 (6) Concerns credit institutions and financial holding companies Regulation on reporting of non-performing and other zero-interest assets By virtue of section 4, point 2, section
More informationInstitute of Certified Management Accountants of Sri Lanka. Operational Level November 2012 Examination
Copyright Reserved Serial No Operational Level November 2012 Examination Examination Date : 11 th November 2012 Number of Pages : 08 Examination Time: 9.30 a:m. 12.30 p:m. Number of Questions: 07 Instructions
More informationFINANCIAL INTRODUCTION
FINANCIAL INTRODUCTION In earlier sections you calculated your cost of goods sold, overhead expenses and capital cost in order to help you determine the sales price of your product. In your business plan,
More informationGlossary of Accounting Terms Peter Baskerville
Glossary of Accounting Terms Peter Baskerville Account for or 'bring to account': An accounting phrase used to describe the recording of a financial transaction that is required under the generally accepted
More informationPrincipal Accounting Policies
1. Basis of Preparation The accounts have been prepared in accordance with Hong Kong Financial Reporting Standards ( HKFRS ). The accounts have been prepared under the historical cost convention as modified
More informationPerformance Review Sample Continuing Care Community
Performance Review Sample Continuing Care Community For the period ended 06/30/2012 Provided By Perkins & Co 503.221.0336 Page 1 / 16 This report is designed to assist you in your organization's development.
More informationManagement Accounting 2 nd Year Examination
Management Accounting 2 nd Year Examination August 2012 Exam Paper, Solutions & Examiner s Report NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians
More information3,000 3,000 2,910 2,910 3,000 3,000 2,940 2,940
1. David Company uses the gross method to record its credit purchases, and it uses the periodic inventory system. On July 21, 20D, the company purchased goods that had an invoice price of $ with terms
More informationAmerica Online: On-line or Off-track
America Online: On-line or Off-track America Online, Inc. (AOL) offers the largest consumer on-line service in the United States. Subscribers to its on-line service receive a broad line products, including
More informationManagement s Discussion and Analysis of Results of Operations and Financial Condition For the Nine Months Ended June 30, 2014
Management s Discussion and Analysis of Results of Operations and Financial Condition For the Nine Months Ended This Management s Discussion and Analysis of Results of Operations and Financial Condition
More informationMeeting the Needs of Private Equity in the Finance Organization
Meeting the Needs of Private Equity in the Finance Organization When there is a change in a company s ownership, significant changes are generally required in its finance organization. This is especially
More information! "#$ %&!& "& ' - 3+4 &*!&-.,,5///2!(.//+ & $!- )!* & % +, -).//0)& 7+00///2 *&&.4 &*!&- 7.00///2 )!*.//+ 8 -!% %& "#$ ) &!&.
! "#!""#$%$#$#$"& $'"()*+,$-).,/ 012! "#$ %&!& "& '!(&)!*&%+,-).//0 -#$#3-4' &,'1$1# $!-!(.//0)& +01+///2 *&& - 3+4 &*!&-.,,5///2!(.//+ &!(!-6%(!(.//.$(!(.//0)& 01,///2 //+2% &*!&- 5,0///2 //32%!(.//+
More informationHarlem Business Alliance. Financial Ratios and Projection Assumptions
1 Harlem Business Alliance Financial Ratios and Projection Assumptions 2 Why is this Important? Growth Map ($m) $35 $20 $15 $4 Year 1 Year 2 Year 3 Year 4 Entrepreneurs are in business to make a profit.
More informationBUSINESS PLAN TEMPLATE
iplanner.net Small Business Plans Online BUSINESS PLAN TEMPLATE For a start-up company 18/01/2012 12:33:19(GMT) Executive Summary... 3 Business Overview... 3 Products and Services... 3 Sales Forecast...
More informationHow To Develop A. Business Plan
Opening Doors Seeking Opportunities Artwork by Pam Willingham We invite you to join the Cullman Area Chamber of Commerce Today! How To Develop A Membership Benefits Business Referrals Networking Opportunities
More informationBSM Connection elearning Course
BSM Connection elearning Course Basics of Medical Practice Finance: Part 2 2009, BSM Consulting All rights reserved. Table of Contents OVERVIEW... 1 PRACTICE PERFORMANCE RATIOS... 1 UNDERSTANDING THE CONCEPT
More informationTeacher Resource Bank
Teacher Resource Bank GCE Accounting Other Guidance: ACCN2 Update on IAS ACCN3 Updates on IAS (July 2012). The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee registered
More information12 Business Information (Green Sheet)
Give us COPIES only Clips only - NO STAPLES 12 Business Information (Green Sheet) If you are self-employed, or if you have had income for which you do not receive a W-2, please provide the following: A.
More informationIn this chapter, we build on the basic knowledge of how businesses
03-Seidman.qxd 5/15/04 11:52 AM Page 41 3 An Introduction to Business Financial Statements In this chapter, we build on the basic knowledge of how businesses are financed by looking at how firms organize
More informationDebt Service Analysis: Can I Repay?
Purdue Extension Knowledge to Go Debt Service Analysis: Can I Repay? Low prices and incomes have made many farmers and their lenders concerned about the farmers ability to fulfill debt obligations. Lenders
More informationBusiness financial terms and ratios definitions
Business financial terms and ratios definitions Certain financial terms often mean different things to different organisations depending on their own particular accounting policies. Financial terms will
More information9 TH ANNUAL GROWTH STRATEGIES SURVEY RESULTS MARCH 2015
9 TH ANNUAL GROWTH STRATEGIES SURVEY RESULTS MARCH 2015 Survey Population (Remained Constant) 300 Businesses in the Greater Philadelphia Area Over 100 Survey Respondents Annual Sales of up to $400 Million
More informationGOLDMAN SACHS EXECUTION & CLEARING, L.P. and SUBSIDIARIES
CONSOLIDATED STATEMENT of FINANCIAL CONDITION PURSUANT to RULE 17a-5 of the SECURITIES and EXCHANGE COMMISSION As of June 30, 2011 200 WEST STREET NEW YORK, NY 10282 CONSOLIDATED STATEMENT OF FINANCIAL
More informationFinancial Statements for Manufacturing Businesses
Management Accounting 31 Financial Statements for Manufacturing Businesses Importance of Financial Statements Accounting plays a critical role in decision-making. Accounting provides the financial framework
More informationAdjustment of trading profits for the self-employed
Hannah Campbell AAT Student Business tax interactive worksheet Adjustment of trading profits for the self-employed In this module we will look at the key topics, work through a detailed example and give
More informationMARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2010 question paper for the guidance
More informationO KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014
Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results
More information1. Parent company accounting policies
Financial Statements Notes to the parent company financial statements 1. Parent company accounting policies Basis of preparation The separate financial statements of the Company are presented as required
More informationAccounting Self Study Guide for Staff of Micro Finance Institutions
Accounting Self Study Guide for Staff of Micro Finance Institutions LESSON 2 The Balance Sheet OBJECTIVES The purpose of this lesson is to introduce the Balance Sheet and explain its components: Assets,
More informationSuggested layouts for financial statements in Accounting Courses National 5 and Higher
Suggested layouts for financial statements in Accounting Courses National 5 and Higher The following suggested layouts may be used when presenting financial statements in the Accounting Courses for National
More informationUNIVERSITY OF WATERLOO School of Accounting and Finance
UNIVERSITY OF WATERLOO School of Accounting and Finance AFM 101 Professor Shari Mann Professor Donna Psutka Professor Mindy Wolfe Mid-Term Examination Fall 2010 Date and Time: October 21, 2010, 6:30 8:00pm
More information