MGT/230 – Management Theory and Practice On April 20‚ 2010‚ approximately 4.9 millions of barrels of oil (Telegraph‚ 2010) spilled into the Gulf of Mexico immediately after an explosion that resulted in the loss of 11 lives and a total cost of 17.6 billion dollars. According to‚ Andrea Thompson of Live Science‚ “ROV robot subs‚ manufactured by a company called Oceaneering‚ have been an integral part of the effort to control the leaking oil.” The result of this tragedy has been top-down
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Investors‚ therefore‚ are alleged to be better off using more certain‚ near-term earnings forecasts. Such reasoning makes no sense‚ for at least two reasons. First‚ a key element in understanding a business’s attractiveness involves knowing the set of financial expectations the price represents. The market as a whole has historically traded at a price-to-earnings multiple in the mid-to-high teens. Simple math shows today’s stock prices reflect expectations for value-creating earnings and cash flows many
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AFIN858 Financial Management and Policy Week 1 S1 2014 “INTRODUCTION TO CORPORATE FINANCE” “Where is This Slide From”? • Most of the slides we use in this unit are provided by the Publisher of the required text “…as down-loaded from Connect…” • Sometimes we modify slides by adding or removing content. Other times we use slides from other sources. Occasionally we ‘make’ slides. • Note that lecture slides are not numbered sequentially. • Slides are identified in the lower RHS corner
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1 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. BASIC CONCEPTS OF LOGIC What Is Logic? ................................................................................................... 2 Inferences And Arguments ................................................................................ 2 Deductive Logic Versus Inductive Logic .......................................................... 5 Statements Versus Propositions......................................................................... 6 Form
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Strategic Financial Management University of Phoenix Finance for Managerial Decision Making / FIN 554 Professor Greg Garay January 17‚ 2006 Table of Contents Abstract 3 Strategic Financial Management ..4 Working Capital Management .4 The Kmart Corporation Debacle ..5 Long-Term and Short-Term Strategies .. 6 Financial Performance
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IN CLASS EXERCISE RATIO ANALYSIS PETRONAS METHANOL Statements of Financial Position December 31‚ Assets 2013 2012 Cash RM 25‚000 RM 40‚000 Short-term investments 15‚000 60‚000 Accounts receivable 50‚000 30‚000 Inventory 150‚000 170‚000 Property‚ plant and equipment (net) 160‚000 200‚000 Total assets RM400‚000 RM500‚000 Liabilities and Stockholders’ Equity Accounts payable RM 20‚000 RM 30‚000 Short-term
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Ethics Considerations in Financial Management Ethics assists individuals in deciding when an act is moral or immoral‚ right or wrong. Ethics can be grounded in natural law‚ religious tenets‚ parental and family influence‚ educational experiences‚ life experiences‚ and cultural and societal expectations. The days of when people were simply trusted to always do the right thing are over with ENRON and WorldCom and the devastation that followed in the business world you are now guilty until proven
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Overview of the objectives of strategic financial management What is financial management? That part of management accounting concerned with setting financial objectives‚ planning and acquiring the optimum finance to meet them‚ and seeing that fixed and working capital are effectively managed.’ (CIMA). Two fundamental questions: 1. What investments should a firm make? Long term investments are referred to as capital investment projects’ e.g. build a new supermarket or factory. 2
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ROLE OF FINANCIAL MANAGEMENT - Financial management is one of the functions of management - Financial management is concerned with o Profits and losses of operations o Control over funds o Ensuring appropriate cash flow is available o Chas management o Raising funds / controlling internal funds o Investment of funds o Cost control / pricing o Forecasting / measuring financial performance against expectations - Accounting is a subset of financial management. Financial transactions must be recorded
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Principles and Practice of Management Section A Part One 1. a 2. b 3. d 4. a 5. a 6. a 7. b 8. d 9. a 10. d Part Two: 1. Administration and Management:- Administration and Management are generally taken to mean as one and the same and are often used interchangeably. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities towards common goals and objectives
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