Chapter 2: Strategy Analysis Copyright (c) 2010 South-Western Cengage Learning Chapter 2: Strategy analysis - Palepu‚ Healy & Peek The Importance of Strategy Analysis • Strategy drives the actions of an organization. • Studying a firm’s strategy provides: – An understanding of what drives risks‚ profitability‚ and competitive advantages – A basis for future performance to be forecasted – An idea of how to measure the success of a firm’s actions Copyright (c) 2010 South-Western
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Introduction The United States is currently going through a big decision. It is deciding on whether to fully adopt International Financial Reporting Standards (IFRS)‚ or to stay with the current U.S Generally Accepted Accounting Principles (GAAP). Since this is such a major decision‚ now would be an opportune time to take a look at what the pros and cons would be of switching to this new way of financial reporting‚ and in doing so‚ show why I believe the costs (both financial and otherwise) are
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Financial Statements IFRS vs. GAAP Kathrine D. Nepon Strayer University John Ware ACC 401 November 27‚ 2011 ABSTRACT For those in the business world‚ particularly in the accounting field‚ a major issue has surfaced in recent years relating to the differences between Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). Currently‚ the majority of countries in the world follow International Financial Reporting Standards guidelines; however
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Business Analysis Part II Rafael Troncoso MGT/521 February 14‚ 2012 Dr. Armando Salas-Amaro Business Analysis Part II This business analysis will compare the financial strength and wellness of Wal-Mart‚ Target‚ and Sears. The income statements‚ balance sheets‚ and cash flow reports for Wal-Mart‚ Target‚ and Sears have been researched to complete this analysis. The analysis will cover the period from 2008 to 2011. Some reports were unavailable because the final quarter of the year for Target
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Introduction SWOT analysis as a part of business analysis plays significant role to get knowledge about a particular organization. By conducting SWOT analysis‚ an organization may improve its effectiveness through strengthening its current status‚ grabbing opportunities and reducing weaknesses and protecting business from threats (Hitt‚ Ireland & Hoskisson‚ 2008). In addition to this‚ SWOT analysis is quite appropriate to make decision to invest in a particular company by an investor. Being
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Graduate School of Business Administration University of Virginia UVA-F-1274 METHODS OF VALUATION FOR MERGERS AND ACQUISITIONS This note addresses the methods used to value companies in a merger and acquisitions (M&A) setting. It provides a detailed description of the discounted cash flow (DCF) approach and reviews other methods of valuation‚ such as book value‚ liquidation value‚ replacement cost‚ market value‚ trading multiples of peer firms‚ and comparable transaction multiples. Discounted
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Recognition: IFRS and FASB Convergence With the growth of international business there is a need to standardize financial statements globally. Presently there are “approximately 120 foreign private issuers currently that report to the Commission using IFRS financial statements.” By standardizing accounting practices investors will be able to make informed decisions based on comparability and accuracy of financial statements. The SEC released this statement in 2008‚ “We believe that IFRS has the
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Coursework: Financial Analysis and Valuation of OJSC Megafon‚ Russia using DCF as the base model Prepared by: Victor Amoasii Word count: 3697 CONTENTS 1. Megafon overview and analysis of agency costs 2. Risk Profile Analysis 3. Weighted Average Cost of Capital 4. Megafon valuation 5. Capital investments risk analysis 6. Capital structure and dividend policy Megafon overview and analysis of agency costs
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Question 1 Susan Plumb is the supervisor of her firm’s research department. Her firm has been seeking the mandate to underwrite Wings Industries’ proposed secondary stock offering. Without mentioning that the firm is seeking the mandate‚ she asks Jack Dawson to analyze Wings common stock and prepare a research report. After reasonable effort‚ Dawson produces a favorable report on Wings stock. Plumb then adds a footnote describing the underwriting relationship with Wings and disseminates the report
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IFRS ADOPTION IN THE U.S; WHY THE POSTPONEMENT By Liu‚ Qun‚Hiltebeitel‚ Kenneth Monday‚ November 1 2010 Published on AllBusiness In November 2008‚ the SEC proposed a "Roadmap for Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards [IFRS] by U.S. Issuers." The SEC road map detailed a process and a set of milestones by which certain larger public companies (those with a public float of at least $700 million) in the United States would
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