COMMON-SIZE FINANCIAL STATEMENT ANALYSIS When all the items of a financial statement are expressed on a common basis‚ it is known as a common-size financial statement. Common-sizing of balance sheet is done generally by expressing its all items as a percentage of its total assets or total equities. Similarly‚ income statement is common-sized when its all items are expressed as percentage of total sales. PROCEDURE OF COMMON SIZING In preparing common-size income statement‚ the following procedure
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Common-Size Analysis When comparing financial statements‚ it is often necessary to compare successive years ’ statements of the same company or statements from companies of various sizes. Ordinary financial statements can make it difficult to recognize trends or spot disproportionate categories since the figures make it difficult to tell how much a category has changed in relation to the other categories. Common-size statements solve this problem by valuing all categories in relation to a base
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Common Size Statements are used to compare financial statements of different-size companies‚ or of the same company over different periods. Common-size analysis - (also called vertical analysis) expresses each line item on a single year’s financial statement as a percent. The base amount for the balance sheet is usually total assets (which is the same number as total liabilities plus stockholders’ equity)‚ and for the income statement it is usually net sales or revenues. By comparing two or more
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COMPARATIVE STATEMENT COMMON SIZE STATEMENT AND TREND ANALYSIS INTRODUCTION We know business is mainly concerned with the financial activities. In order to ascertain the financial status of the business every enterprise prepares certain statements‚ known as financial statements. Financial statements are mainly prepared for decision making purpose. But the information as is provided in the financial statements is not adequately helpful in drawing a meaningful conclusion. Thus‚ an effective analysis
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Rich cultural diversity @ TCS What does it mean to have 250‚000 employees of 113 different nationalities in 42 countries? Dr Ritu Anand‚ vice president and deputy global head of HR at TCS‚ shares some insights It’s a veritable United Nations of workers‚ an organisation that gives true meaning to ‘globalisation’. Tata Consultancy Services (TCS)‚ with 183 offices across 42 countries‚ 250‚000 employees representing 113 different nationalities‚ is “the only Indian-headquartered multinational company
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PERSONAL STATEMENT “There is no student incapable of learning‚ only teachers incapable of instruction.” I became particularly enamored of this statement during my fourth year teaching. To raise the caliber of my instruction‚ to reside in a new cultural environment and broaden my horizons‚ and to facilitate a sincere desire to aid student development‚ I am laying down my comfortable and secure government position to apply for entrance to your Master’s program in TESOL for the Fall semester of
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TCS Express and Logistics We move you Mansoor Tariq 13E00099 EMBA SECTION A LAHORE SCHOOL OF ECNOMICS TCS: Brand Profile Tranzum‚ is a progressive master enterprise offering services in diversified industries including express‚ logistics‚ warehousing‚ distribution‚ mail order‚ travel & tours‚ visa drop box‚ management development‚ event management & publications. With its corporate office in the Middle East (Dubai)‚ the Tranzum enterprise has established offices in various regions
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Shivam Sinha 13348 Introduction Tata Consultancy Services Limited (TCS) is an IT services‚ business solutions and outsourcing organization that delivers real and high quality results to global businesses‚ with a high level of certainty. In 2005 they came up with a new tagline for TCS – “Experience Certainty’’. This tagline was introduced after it was validated and supported by the vast customer base that TCS has. TCS offers a consulting-led‚ complete and integrated portfolio of IT and IT-enabled
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Institute of Management Development & Research SPECIALIZATION PROJECT On Financial Statement Analysis and Business Valuation By Anand Dube PGDM (2009 – 11) Specialization: Finance ROLL NO. 03 PROJECT FACULTY GUIDE Prof. Madhavi Lokhande Prepared by: Anand Dube | PGDM (2009-11)‚ Roll Number 3 PROJECT COMPLETION CERTIFICATE This is to certify that project titled - Financial Statement Analysis and Business Valuation is successfully done by Mr. Anand Rajkumar Dube in partial
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Financial Statement Analysis and Business Valuation of TCS By: Prashant Chaudhary Table of Contents About TCS 3 Calculation of Beta 3 Cost of Capital 4 Concepts of Cost of Capital 4 Weighted Average Cost of Capital 6 Financial Ratios 8 Liquidity Ratios 8 Solvency Ratios 8 Profitability Ratios 9 Comparison with Competitors in the Industry 10 Free Cash Flow 11 Sales forecast 13 Reformulated balance sheet 14 Reformulated Income Statement 15 Appendix A: Balance
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