UNIVERSITY OF BOLTON OFF CAMPUS DIVISION IDM BOTSWANNA MSC SUPPLY CHAIN MANAGEMENT SEMESTER 2 EXAMINATION 2014/15 FINANCE FOR MANAGERS
|
|
- Trevor Lamb
- 7 years ago
- Views:
Transcription
1 OCD066 UNIVERSITY OF BOLTON OFF CAMPUS DIVISION IDM BOTSWANNA MSC SUPPLY CHAIN MANAGEMENT SEMESTER 2 EXAMINATION 2014/15 FINANCE FOR MANAGERS MODULE NO: EBU4013 Date: 2 nd July 2015 Time: 3 hours INSTRUCTIONS TO CANDIDATES: There are 6 questions on this paper. Answer 4 questions 2 from Section A and 2 from Section B All questions carry equal marks. Additional material provided: discount factor table
2 Page 2 of 7 SECTION A Question 1 ABC co plans to buy new machinery in order to meet expected demand for a new product, product X. This machine will cost 200,000 and last for four years, at the end of which time it will be sold for 50,000. ABC expect demand for the product to be as follows: Year Demand (units) 1 35, , , ,000 The selling price of the product is expected to be per unit and the variable cost of production is expected to be per unit. The annual cash fixed costs (including depreciation) are 250,000. Depreciation is provided on a straight line basis, and ABC s cost of capital is 11%. Required a) Calculate the payback period (2 marks) b) Calculate the net present value (6 marks) c) Calculate the internal rate of return (6 marks) d) Based upon your calculations determine whether the company should go ahead with the investment, giving reasons for your decision. Suggest which investment appraisal method you would place most reliance on e) State ways in which the company might improve the analysis of the project to give greater insight into the project (6 marks) TOTAL 25 MARKS
3 Page 3 of 7 Question 2 Your company is considering buying from DEF Ltd which is a manufacturing company. The accounts of that company are shown below. The value of the contract is 1m and your company has an annual turnover of 10m. DEF Ltd Profit & Loss for the year ended 31 December Turnover 9,500 5,500 Cost of Sales (8,360) (4,250) Gross Profit 1,140 1,250 Other expenses (600) (283) Operating profit Interest payable (19) (11) Profit before tax Taxation (156) (287) Profit after tax Dividends (91) (63) Retained profit Question 2 continues overleaf
4 Page 4 of 7 Question 2 continued DEF Ltd Balance sheet as at 31 December Fixed Assets Tangible Assets Investments Current Assets Stock Debtors 1,532 1,000 Cash ,332 1,695 Bank Overdraft (33) 0 Creditors due less than 1 year (1,400) (1,000) Net current assets Total assets less current liabilities 1,514 1,140 Long term loans (250) (150) Net assets 1, Ordinary share capital Retained profits 1, Shareholders funds 1, Question 2 continues overleaf
5 Page 5 of 7 Question 2 continued Required a) Prepare a table of ratios, calculated for both years, clearly showing the figures used in the calculations. Justify the use of each of the ratios you have chosen and use them to comment on the performance of the business and recommend action for the management of your company (20 marks) b) Suggest what further information you might request from management of DEF to understand the financial performance of their business TOTAL 25 MARKS
6 Page 6 of 7 Question 3 You are a manager of a manufacturing company that produces three different products X, Y and Z. Information about the financial performance for the year is as follows :- Product X Y Z Sales & Production (Units) 1,000 2,000 1,500 Selling Price /unit Labour Hours per unit Constructors Installers Cost - / hr Constructors Installers Material cost - per Unit Fixed Cost 50,000 Total fixed overheads were 50,000 Required: a) Calculate the contribution per unit and the profit per unit for each product. Allocate the fixed costs on the basis of total labour hours (8 marks) b) Calculate the production mix that would have maximised profits if the constructors labour hours available had been limited to 30,000 (12 marks) c) Suggest reason why some overhead costs might not be relevant for decision making purposes END OF SECTION A
7 Page 7 of 7 SECTION B Question 4 Critically evaluate the use of equity and debt as sources of external finance available to a listed company. (25 marks) Question 5 You are a manager in a pivate sector organisation and you believe that the traditional method of budgeting is limiting the financial performance of the business. You are aware that other budgeting strategies exist and think that these should be considered by your organisation Required a) Outline the traditional process of budgeting and critically examine why this might limit the financial performance of some organisations (10 marks) b) Give an alternative to traditional budgeting and explain how this would overcome the deficiencies identified in a) (10 marks) c) Set out a high level implementation plan for the alternative discussed in b) above Total (25 marks) Question 6 a) Differentiate between Capital and Revenue expenditure. Illustrate your answer with examples of both types of expenditure. (15 marks) b) Discuss two ways in which the initial cost of a fixed asset may be apportioned against the income of an organisation (10 marks) Total (25 marks) END OF QUESTIONS
Ratio Analysis. A) Liquidity Ratio : - 1) Current ratio = Current asset Current Liability
A) Liquidity Ratio : - Ratio Analysis 1) Current ratio = Current asset Current Liability 2) Quick ratio or Acid Test ratio = Quick Asset Quick liability Quick Asset = Current Asset Stock Quick Liability
More informationCENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION)
CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION) BATCH: SEMESTER: NAME: ROLL NO: ASSIGNMENT 1 & 2 FOR BUSINESS ACCOUNTING BBCF 131 UNIVERSITY OF PETROLEUM & ENERGY STUDIES Assignment-1 Note: All
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 informationWhat is a Balance Sheet?
What is a Balance Sheet? A Balance Sheet is a financial statement which shows the ASSETS, LIABILITIES and CAPITAL of a business on a particular date. Assets Are Are items owned by by the the business or
More informationGCE. Accounting. Mark Scheme for January 2012. Advanced GCE Unit F013: Company Accounts and Interpretation. Oxford Cambridge and RSA Examinations
GCE Accounting Advanced GCE Unit F013: Company Accounts and Interpretation Mark Scheme for January 2012 Oxford Cambridge and RSA Examinations OCR (Oxford Cambridge and RSA) is a leading UK awarding body,
More informationTeacher Resource Bank
Teacher Resource Bank GCE Accounting Other Guidance: Layouts and Formulae ACCN1: Layouts ACCN2: Layouts and Formulae ACCN4: Layouts and Formulae (Updated July 2012) The Assessment and Qualifications Alliance
More informationCork Institute of Technology. Autumn 2006 Advanced Financial Accounting (Time: 3 Hours)
Cork Institute of Technology Bachelor of Business in Accounting Award Bachelor of Business in Management - Award Instructions Answer FOUR questions Answer all THREE questions in Section A and ONE question
More informationPaper F9. Financial Management. Thursday 10 June 2010. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Financial Management Thursday 10 June 2010 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Formulae
More informationPaper F9. Financial Management. Friday 7 June 2013. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants.
Fundamentals Level Skills Module Financial Management Friday 7 June 2013 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Formulae
More informationTHE NEF APPLICATION FORM R250 000 - R75 million
THE NEF APPLICATION FORM R250 000 - R75 million Name */ Male/Female Contribution Shareholding % (Pre-NEF funding) Shareholding % (Post-NEF funding) TOTAL D D M M Y Y Y Y PARTICIPATION IN: Current Future
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 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 informationFor our curriculum in Grade 12 we are going to use ratios to analyse the information available in the Income statement and the Balance sheet.
SUBJECT: ACCOUNTING GRADE 12 CHAPTER: COMPANIES LESSON: ANALYSIS AND INTERPRETATION-RATIOS LESSON OVERVIEW (KNOWLEDGE AREAS) LESSON 1. Introduction 2. Analysing of financial statements and its purpose
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 informationAdvanced Financial Accounting
Advanced Financial Accounting Sample Paper 2 Questions & Suggested Solutions Page 1 of 27 INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY Candidates must indicate clearly whether they are answering the
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 informationRatio Analysis CBDC, NB. Presented by ACSBE. February, 2008. Copyright 2007 ACSBE. All Rights Reserved.
Ratio Analysis CBDC, NB February, 2008 Presented by ACSBE Financial Analysis What is Financial Analysis? What Can Financial Ratios Tell? 7 Categories of Financial Ratios Significance of Using Ratios Industry
More informationYou have learnt about the financial statements
Analysis of Financial Statements 4 You have learnt about the financial statements (Income Statement and Balance Sheet) of companies. Basically, these are summarised financial reports which provide the
More informationInterpretation of Financial Statements
Interpretation of Financial Statements Author Noel O Brien, Formation 2 Accounting Framework Examiner. An important component of most introductory financial accounting programmes is the analysis and interpretation
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2009 End date: 31st May 2010 Contents of the
More informationSummary of Financial Report for the FY ending March 2015 (Non-Consolidated)
Summary of Financial Report for the FY ending March 2015 (Non-Consolidated) April 30, 2015 Listed Company Name: Japan Tissue Engineering Co., Ltd. Listed Securities Exchange: JQ Stock Code: 7774 URL http://www.jpte.co.jp
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 informationFord Computer Systems Ltd ACCOUNTS FOR THE YEAR ENDED 30/06/2005
Registered number: 1111111 ACCOUNTS FOR THE YEAR ENDED 30/06/2005 Prepared By: Bloggs & Co ACCOUNTS FOR THE YEAR ENDED 30/06/2005 DIRECTORS D G Ford SECRETARY S J Ford REGISTERED OFFICE 65 High Street
More informationBrief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007
MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,
More informationIncome Measurement and Profitability Analysis
PROFITABILITY ANALYSIS The following financial statements for Spencer Company will be used to demonstrate the calculation of the various ratios in profitability analysis. Spencer Company Comparative Balance
More informationSmall Company Limited. Abbreviated Accounts. 31 December 2007
Registered number 123456 Small Company Limited Abbreviated Accounts 31 December 2007 Abbreviated Balance Sheet as at 31 December 2007 Notes 2007 2006 Fixed assets Intangible assets 2 Tangible assets 3
More informationPaper F9. Financial Management. Friday 6 June 2014. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants.
Fundamentals Level Skills Module Financial Management Friday 6 June 2014 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Formulae
More informationConsolidated balance sheet
Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089
More informationBUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the
INTERNATIONAL DIPLOMA PROGRAM ON BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the MODERN PRACTICAL METHODS OF ACCOUNTING Trained and competent bookkeeping
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 informationCOMPANIES INTERPRETATION OF FINANCIAL STATEMENTS 13 MARCH 2014
COMPANIES INTERPRETATION OF FINANCIAL STATEMENTS 13 MARCH 2014 In this lesson we: Introduction Lesson Description Look at analysing financial statements and its purpose Consider users of financial statements
More informationELECTRICAL CONTRACTING LIMITED (AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2014. Registered No.
(AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2014 Registered No. xxxx * Electrical Contracting Limited is a small company as defined by the Companies Act 2014
More informationJones Sample Accounts Limited. Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements
Company Registration Number: 04544332 (England and Wales) Report of the Directors and Unaudited Financial Statements Period of accounts Start date: 1st June 2008 End date: 31st May 2009 Contents of the
More informationGuidance on Accounting Elements
Guidance on Accounting Elements OCR GCE in Business Studies August 2012 The following guidance has been prepared in order to assist centres in the preparation of their candidates for the accounting elements
More informationFinancial Ratios and Quality Indicators
Financial Ratios and Quality Indicators From U.S. Small Business Administration Online Women's Business Center If you monitor the ratios on a regular basis you'll gain insight into how effectively you
More informationMARK SCHEME for the October/November 2011 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/23 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 question paper for the guidance of
More informationOPEN INVOICE FINANCE LIMITED Financial Accounts 2014-07-31 REGISTERED NUMBER: 08604631 (England and Wales)
OPEN INVOICE FINANCE LIMITED Financial Accounts 2014-07-31 REGISTERED NUMBER: 08604631 (England and Wales) OPEN INVOICE FINANCE LIMITED ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 10 JULY 2013 TO 31
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 informationBlueprint Dental Equipment Limited
Registered number 05055354 Abbreviated Accounts 31 March 2014 Registered number: 05055354 Abbreviated Balance Sheet as at 31 March 2014 Notes 2014 2013 Fixed assets Tangible assets 2 42,974 28,921 Current
More informationAccounting and Book-keeping Level 3
Accounting and Book-keeping Level 3 8991-03-003 2012 Sample paper Candidate s name (Block letters please) Centre no Date Time allowed: 2 hours 30 minutes (plus 5 minutes' reading time) Note making is not
More informationFactoring Solutions UK Limited. Abbreviated Accounts. 30 June 2013
Registered number 06275037 Abbreviated Accounts 30 June 2013 Report to the director on the preparation of the unaudited abbreviated accounts of for the year ended 30 June 2013 In order to assist you to
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 informationRegistered No. xxxx. * Electrical Contracting Limited is a small company as defined by Section 350 of the Companies Act 2014.
(SMALL COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2014 Registered No. xxxx * Electrical Contracting Limited is a small company as defined by Section 350 of the Companies Act
More informationSmall Company Limited. Report and Accounts. 31 December 2007
Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account
More information6.3 PROFIT AND LOSS AND BALANCE SHEETS. Simple Financial Calculations. Analysing Performance - The Balance Sheet. Analysing Performance
63 COSTS AND COSTING 6 PROFIT AND LOSS AND BALANCE SHEETS Simple Financial Calculations Analysing Performance - The Balance Sheet Analysing Performance Analysing Financial Performance Profit And Loss Forecast
More informationUNIVERSITY OF BOLTON BUSINESS SCHOOL ACCOUNTANCY SEMESTER 1 EXAMINATION 2015/2016 MANAGEMENT ACCOUNTING AND DECISION MAKING MODULE NO: ACC5002
BBS009 UNIVERSITY OF BOLTON BUSINESS SCHOOL ACCOUNTANCY SEMESTER 1 EXAMINATION 2015/2016 MANAGEMENT ACCOUNTING AND DECISION MAKING MODULE NO: ACC5002 Date: Tuesday 12 th January 2016 Time: 2:00pm to 5:00pm
More informationINSTITUTE OF FINANCIAL ACCOUNTANTS JUNE 2011 EXAMINATION. D1. Financial Accounting
1 INSTITUTE OF FINANCIAL ACCOUNTANTS JUNE 2011 EXAMINATION D1. Financial Accounting Instructions to candidates 1. Time allowed is 3 hours and 10 minutes, which includes 10 minutes reading time. 2. This
More informationELECTRICAL CONTRACTING LIMITED (AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013. Registered No.
(AUDIT EXEMPT COMPANY*) DIRECTORS REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2013 Registered No. xxxx * Electrical Contracting Limited is a small company as defined by the Companies (Amendment)
More informationFinancing Your Dream: A Presentation at the Youth Business Linkage Forum (#EAWY2014) Akin Oyebode Head SME Banking, Stanbic IBTC Bank, Nigeria.
Financing Your Dream: A Presentation at the Youth Business Linkage Forum (#EAWY2014) Akin Oyebode Head SME Banking, Stanbic IBTC Bank, Nigeria. Content 1 Introduction 2 Profit and loss Account or Income
More informationFINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION
27 FINANCIAL STATEMENTS ANALYSIS - AN INTRODUCTION You have already learnt about the preparation of financial statements i.e. Balance Sheet and Trading and Profit and Loss Account in the module titled
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 informationEasy Claim Collections Ltd
EASY CLAIMS COLLECTION LTD Financial Accounts -01-31 Registration number: 08866876 Unaudited Abbreviated Accounts for the Period from 29 January 2014 to 31 January Wilds Ltd Chartered Accountants Lancaster
More informationCORK INSTITUTE OF TECHNOLOGY INSTITIÚID TEICNEOLAÍOCHTA CHORCAÍ. Semester 1 Examinations 20014/15
CORK INSTITUTE OF TECHNOLOGY INSTITIÚID TEICNEOLAÍOCHTA CHORCAÍ Semester 1 Examinations 20014/15 Module Title: Business Finance. Module Code: ACCT 7007 School: Programme Title: Programme Code: School of
More informationWARREN-MORRISON VALVES LIMITED Financial Accounts 2014-12-31
Company Registration No. 01095795 (England and Wales) UNAUDITED ABBREVIATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014 CONTENTS Page Abbreviated balance sheet 1 Notes to the abbreviated accounts
More informationINTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting
www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial
More informationMONDAY, 18 MAY 9.00 AM 11.00 AM
X09/11/01 NATIONAL QUALIFICATIONS 015 MONDAY, 18 MAY 9.00 AM 11.00 AM ACCOUNTING INTERMEDIATE Candidates should attempt four questions as follows: Question 1 and one other from Section A plus Question
More informationtutor2u Cash Management How and Why Businesses Need to Manage their Cash AS & A2 Business Studies PowerPoint Presentations 2005
Cash Management How and Why Businesses Need to Manage their Cash AS & A2 Business Studies PowerPoint Presentations 2005 Importance of Cash (1) A business can exist for a while without making profits but
More informationFinancial Management
Mock Examination : ACCA Paper F9 Financial Management Session : June 2014 Prepared by : Mr Ian Lim Your Contact Number : I wish to have my script marked by the lecturer and collect the marked script at
More informationBUSINESS ACCOUNTS. sample documents. sourced from www.osbornebooks.co.uk
BUSINESS ACCOUNTS sample documents sourced from www.osbornebooks.co.uk Sample documents document page invoice 3 statement 4 double-entry accounts 5 cash book 6 petty cash book 7 extended trial balance
More informationFI3300 Corporation Finance
Learning Objectives FI3300 Corporation Finance Spring Semester 2010 Dr. Isabel Tkatch Assistant Professor of Finance Explain the objectives of financial statement analysis and its benefits for creditors,
More informationHOST GLOBAL LIMITED Financial Accounts 2014-12-31
Company Registration No. 03821675 (England and Wales) ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014 CONTENTS Page Abbreviated balance sheet 1 Notes to the abbreviated accounts 2-3 ABBREVIATED
More informationMARK SCHEME for the November 2005 question paper ACCOUNTING
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the November 2005 question paper ACCOUNTING 0452/02 Paper
More informationBusiness Level 3. Unit 4 Business accounting. Layout of a Balance Sheet. Task 1. Instructions and answers for Teachers
Unit 4 Business accounting Layout of a Balance Sheet Instructions and answers for Teachers These instructions should accompany the OCR resource Layout of a Balance Sheet which supports the OCR Level 3
More informationSESSION 07 INTERPRETATION OF FINANCIAL STATEMENTS PART 1. GDM Managing Finance
SESSION 07 INTERPRETATION OF FINANCIAL STATEMENTS PART 1 GDM Managing Finance Accounting Management Accounting Financial Accounting Session 07 Synopsis 1. Objective of accounting 2. Users of accounting
More informationThe Trading Profit and Loss Account
The Trading Profit and Loss Account Businesses usually calculate their profit level by creating a Trading Profit and Loss Account (TPL) The TPL is produced because: It is a legal requirement It summarises
More informationRATIO ANALYSIS & CASH FLOW 23 APRIL 2015 Section A: Summary Content Notes
RATIO ANALYSIS & CASH FLOW 23 APRIL 2015 Section A: Summary Content Notes 1. Introduction The cash flow statement reflects the movement of cash within an enterprise during a specific period. The Companies
More informationECONOMY PLUMBING AND HEATING LIMITED Financial Accounts 2015-03-31 REGISTERED NUMBER: 04760942 (England and Wales)
ECONOMY PLUMBING AND HEATING LIMITED Financial Accounts 2015-03-31 REGISTERED NUMBER: 04760942 (England and Wales) ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 FOR ECONOMY PLUMBING AND
More informationCHAPTER 6. P.6.17 The following are the ratios relating to the activities of National Traders Ltd:
CHAPTER 6 Solved Problems P.6.17 The following are the ratios relating to the activities of National Traders Ltd: Debtors velocity (months) 3 Stock velocity (months) 8 Creditors velocity (months) 2 Gross
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 informationDiploma in Business Competence. Learning outcomes for the Diploma in Business Competence (EBCL)
Diploma in Business Competence Learning outcomes for the Diploma in Business Competence (EBCL) Section 1: Understanding Business Accounts Overall Learning Objectives Upon completing this section you will
More informationRatios from the Statement of Financial Position
For The Year Ended 31 March 2007 Ratios from the Statement of Financial Position Profitability Ratios Return on Sales Ratio (%) This is the difference between what a business takes in and what it spends
More informationDiscussion Board Articles Ratio Analysis
Excellence in Financial Management Discussion Board Articles Ratio Analysis Written by: Matt H. Evans, CPA, CMA, CFM All articles can be viewed on the internet at www.exinfm.com/board Ratio Analysis Cash
More informationUnit Title: Managerial Accounting Unit Reference Number: D/502/4812 Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18
Unit Title: Managerial Accounting Unit Reference Number: D/502/4812 Guided Learning Hours: 160 Level: Level 5 Number of Credits: 18 Unit objective and aim(s): This unit aims to give learners a comprehensive
More informationLONDON ENVIRONMENTAL PEST CONTROL LTD Financial Accounts 2014-03-31
Financial Accounts 2014-03-31 Downloaded from www.datalog.co.uk Company Registration Number: 04110208 (England and Wales) Abbreviated (Unaudited) Accounts Period of accounts Start date: 01st April 2013
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 informationSUGGESTED LAYOUTS FOR FINANCIAL STATEMENTS
Appendix 2 SUGGESTED LAYOUTS FOR FINANCIAL STATEMENTS These layouts are suggestions only and are not prescriptive. Other suitable alternatives which conform to the general principles of FRS 102 will be
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 informationNational Quali cations EXEMPLAR PAPER ONLY
H National Qualications EXEMPLAR PAPER ONLY EP01/H/01 Accounting Date Not applicable Duration 2 hours Total s 100 SECTION 1 40 s Attempt this question SECTION 2 60 s Attempt ALL questions You may use a
More informationChapter. Statement of Cash Flows For Single Company
Chapter 4 Statement of Cash Flows For Single Company 4.1 Single company statement of cash flows Statement of cash flows are primary financial statements and are required along side the income statement
More informationACCOUNTING SOLUTIONS SCO: 209, First Floor, Sector-36/D. Chandigarh (M): 0172-5017149, 9876149390,9915169925 HOLDING COMPANIES
: ACCOUNTING SOLUTIONS HOLDING COMPANIES When a company acquires majority of shares in the ownership or is in a position to control the management of the other company, the company is called a holding
More information2-8. Identify whether each of the following items increases or decreases cash flow:
Problems 2-8. Identify whether each of the following items increases or decreases cash flow: Increase in accounts receivable Increase in notes payable Depreciation expense Increase in investments Decrease
More informationMARK SCHEME for the May/June 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/21 Paper 21, maximum raw mark 120
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2010 question paper for the guidance of teachers
More informationTime allowed Formulae Sheet, Present Value and Annuity Tables are on
Fundamentals Level Skills Module Financial Management Friday 15 June 2012 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FOUR questions are compulsory and MUST be attempted. Formulae
More informationMARK SCHEME for the October/November 2008 question paper 9706 ACCOUNTING
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the October/November 2008 question paper 9706 ACCOUNTING 9706/04
More informationPaper 7 Management Accounting
Technician Level Paper 7 Management Accounting Extended Syllabus INTRODUCTION Extended Syllabuses are part of a comprehensive package of support materials offered by SIAT. This package includes past question
More informationFinancial statements of limited companies profit and loss account
11_1276MH_C03_Rev 4/3/05 11:51 am Page 76 76 CHAPTER 3 FINANCIAL STATEMENTS OF LIMITED COMPANIES PROFIT AND LOSS ACCOUNT 3 Financial statements of limited companies profit and loss account Contents Learning
More informationChart of Accounts - Sole Trader
Chart of Accounts - Sole Trader The basic road map into any accounting system is the chart of accounts. It is this chart that helps establish the information that will be captured by your accounting system,
More information110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com
(http://basiccollegeaccounting.com) Dedicated to helping Students & Teachers NOTE: 110 Questions & Answers on True Or False on Accounting Basics ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM True False 1.
More informationD.J. PLUMBING HEATING & DRAINAGE LIMITED Financial Accounts 2015-01-31 REGISTERED NUMBER: 04641302 (England and Wales)
D.J. PLUMBING HEATING & DRAINAGE LIMITED Financial Accounts 2015-01-31 REGISTERED NUMBER: 04641302 (England and Wales) Abbreviated Unaudited Accounts for the Year Ended 31 January 2015 for D.J.Plumbing
More informationFundamentals Level Skills Module, Paper F9
Answers Fundamentals Level Skills Module, Paper F9 Financial Management June 2008 Answers 1 (a) Calculation of weighted average cost of capital (WACC) Cost of equity Cost of equity using capital asset
More informationChapter Financial Forecasting
Chapter Financial Forecasting PPT 4-2 Chapter 4 - Outline What is Financial Forecasting? 3 Financial Statements for Forecasting Constructing Pro Forma Statements Basis for Sales Projections Steps in a
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 informationBG-1000 Sofia. Legal status. Credit limit EUR 160.000
BULGARIA TRADING EOOD bul. Tsar Osvoboditel 1, et. 1 BG-1000 Sofia Short profile NIC 123456789 Established 2007 Legal status EOOD Activity tel.: +359-21234567, +359-21234568, fax: +359-21234569 email:
More informationRicoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000)
Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) *Date of approval for the financial results for the half year ended September 30, 2000, at the Board of Directors'
More informationFundamentals Level Skills Module, Paper F9. Section A. Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50
Answers Fundamentals Level Skills Module, Paper F9 Financial Management December 2014 Answers Section A 1 A Monetary value of return = $3 10 x 1 197 = $3 71 Current share price = $3 71 $0 21 = $3 50 2
More informationSTATEMENT ON FINANCIAL POSITION
STATEMENT ON FINANCIAL POSITION DESCRIPTION NOTE DAY 30.06.2013 31.12.2012 Fixed assets 218 532 221 493 214 682 Intangibles 3 583 3 057 3 033 Tangible fixed assets 2 69 812 69 272 63 027 Investment properties
More informationWORKING CAPITAL MANAGEMENT
CHAPTER 9 WORKING CAPITAL MANAGEMENT Working capital is the long term fund required to run the day to day operations of the business. The company starts with cash. It buys raw materials, employs staff
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 informationΛΥΣΕΙΣ. Branch Stock Account
ΛΥΣΕΙΣ QUESTION Exercise Branch Stock Account Selling Price Cost Price Selling Price Cost Price Stock b/d (W) 32.00 2.400 Sales Cash 5.330 5.330 Coods Sent (W2) 46.700 97.800 Sales Credit 39.560 39.560
More informationIntrinsic Valuation. Initial Meeting Questionnaire. Information Required to Undertake the Intrinsic Valuation
Intrinsic Valuation Initial Meeting Questionnaire Information Required to Undertake the Intrinsic Valuation Initial Meeting Questionnaire-for Intrinsic Business Valuation - Page 1 of 10 Overview The Intrinsic
More information