Contents 2 Financial versus Managerial Accounting 3 Problems in Implementing an Accounting Information System 3 Developing an Accounting Information System 4 Conclusion 5 Bibliography 7 FINANCIAL VERSUS MANAGERIAL ACCOUNTING Financial accounting is focused on historical data. It involves the process of recording‚ summarizing and reporting financial information from a specified period of time in order to determine the financial position and
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rP os t UV2551 July 7‚ 2009 THE FINANCIAL CRISIS OF 2007–2009: THE ROAD TO SYSTEMIC RISK op yo In early January 2009‚ George Corcoran‚ professor at a well-regarded business school in the southern United States‚ addressed a group of distinguished alumni in New York City. Many of them had experienced firsthand the ongoing global financial crisis; others were curious whether the crisis was finally ending or had only begun. Mindful of a series of record highs in the unemployment numbers
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B6013 Spring 2010 B6013 - Financial Accounting Financial Assets and Liabilities Shareholder’s Equity Professor Urooj Khan o esso U ooj a Outline – Session 19 1. Financial Assets and Liabilities – Accounting for Financial Assets 2. Shareholder’s Equity – – – – Capital Stock Cisco Case Dividends and Share Repurchases Comprehensive I C h i Income B6013 Spring 2010 © Columbia Business School 2 Prof. Urooj Khan 1 B6013 Spring 2010 Background Readings and Practice Problems
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1/24/2015 Finance‚ Accounting‚ and a Company’s Financial Viability Both finance and accounting are crucial to the success of any organization. Upon first glance they seem to have the same function within a company but that is absolutely not true. Accounting and finance are related but they have different meanings and different functions in any organization. Financial affairs is deeply imbedded within decision making‚ accounting is for the financial actions within a company‚ and the two together is
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FINANCIAL MANAGEMENT – AN OVERVIEW Unit structure: 1. Introduction 2. Learning objectives 3. Section title Meaning Definition Objective Advantages of wealth maximization Criticisms of wealth maximization Scope & Functions of Financial Management Role and function of the finance manager Financial Management and Economic Financial management and Accounting Evolution of financial management Functional areas of financial management Financial decisions Have you understood questions
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Company’s Perspective Of Financial Goals‚ Reasons and Effects The Financial Perspective examines if the company’s strategy will contribute to the bottom-line improvement of the company. The Financial Perspective represents the long-term strategic objectives of the organization and thus it incorporates the tangible outcomes of the strategy in traditional financial terms. The Financial performance is a lag indicator and provides the ultimate definition of an organization’s success and describes how
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Financial System The financial system—the collection of markets‚ institutions‚ laws‚ regulations‚ and techniques through which bonds‚ stocks‚ and other securities are traded‚ interest rates are determined‚ and financial services are produced and delivered around the world. The financial system is one of the most important creations of modern society. Its primary task is to move scarce loanable funds from those who save to those who borrow to buy goods and services and to make investments in new
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FINANCIAL MANAGEMENT – ASSIGNMENT Answer any 5 problem. To be submitted on or before 12.00 pm 17th Dec 2012. 1. The following information is available for NCEP Limited. Profit and Loss Account Data Balance Sheet Data Beginning of 20X6 End of 20X6 Sales 6000 Inventory 800 820 Cost of goods sold 4000 Accounts receivable 500 490 Accounts payable 290 205 What is the duration of the cash cycle
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FINANCIAL RATIOS LIQUIDITY RATIOS Current Ratio: = current assets / current liabilities ▪ The higher the ratio‚ the greater the "cushion" between current obligations and a firm ’s ability to meet them. ▪ Use: An indication of a company ’s ability to meet short-term debt obligations; the higher the ratio‚ the more liquid the company is. Current ratio is equal to current assets divided by current liabilities. If the current assets of a company are more than twice the current liabilities
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First‚ an overview of financial risk ( A ) The meaning of financial risk Financial risk is the risk of financial performance of all enterprises ‚ the financial activities of enterprises in the process‚ due to a variety of unpredictable or uncontrollable factors that effect ‚ is the company’s actual return and expected return deviation occurs ‚ which may suffer economic losses possibilities. ( Two ) the characteristics of financial risk The occurrence of an enterprise financial risk characteristics
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