Introduction Financial planning is a dynamic process that deals with allocation of various financial resources in order to meet strategic goals and objectives of the business. Financial planning involves planning for finance and planning for operations. Operation managers are concerned with sales and production whereas financial planners are interested in financing the operations nevertheless financial planning is considered to be one single process that encompasses both operations and financing
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higher the current ratio‚ the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health‚ it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign. Current ratios for Sports UK For year 2012 For year 2011 Acid test ratio A stringent indicator
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Answers Professional Level – Options Module‚ Paper P7 (INT) Advanced Audit and Assurance (International) December 2012 Answers 1 (a) Briefing notes To: Audit Partner From: Audit Manager Regarding: Audit planning and ethical issues in respect of Grohl Co Introduction These briefing notes evaluate the business risks facing Grohl Co‚ and identify and explain four risks of material misstatement to be considered in planning the audit of the financial statements for the year ended 30 November 2012
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Outline electronic and non-electronic methods for communicating business information using examples for different types of audience. (Pass 7) For this task I will be outlining the electronic and non-electronic methods for communicating business information and also will also give the best suited recipient for this type of communication. Nowadays the technology is way more improved then the past years and by the fact
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removed from the examination hall. The Association of Chartered Certified Accountants Paper P7 (INT) This is a blank page. The question paper begins on page 3. 2 Section A – BOTH questions are compulsory and MUST be attempted 1 You are an audit manager in Hound & Co‚ responsible for the audit of Parker Co‚ a new audit client of your firm. You are planning the audit of Parker Co’s financial statements for the year ending 30 June 2013‚ and you have just attended a meeting with Ruth Collie
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consumers assumed an unprecedented debt load. As part of the housing and credit booms‚ the amount of financial agreements called mortgage-backed securities (MBS)‚ which derive their value from mortgage payments and housing prices‚ greatly increased. Such financial innovation enabled institutions and investors around the world to invest in the U.S. housing market. As housing prices declined‚ major global financial institutions that had borrowed and invested heavily in subprime MBS reported significant losses
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various proposals raised by different managers of Dumbellow Ltd. The major issue addressed by these proposals is “how to deal with product Z which is currently resulting in losses and thus pulling down the net profit of the entire product line”. The financial controller proposed a termination of the production of the product while the marketing manager suggested a £1 per unit reduction in the price so as to increase the demand of the product. On the other hand‚ the managing director thought that a 10%
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they finance their business and how it is running. They run their business in a small scale with no long term debt. In addition our interview revealed that their business is 100% equity financed. This business has limited risk so return is also limited. Moreover because of investment limitation‚ the business doesn’t have any growth even they have more money to invest in business. In the long run the business will not sustain‚ because there is no chance to earn more from the business. Collected
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Feedback for Business Plan Presentation Dear “New Idea 2010”: Thanks again for your presentation. Followings are the evaluations and comments from students that may help you further develop your business plan. I. Contents Does their business plan seem to be Class Average 1) accurate in terms of market analyses? ( 3.50 ) ( 3.68 ) 2) persuasive in value proposition? ( 4.02 ) ( 3.75 ) 3) feasible in implementation? (
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FINANCIAL FORECASSTING: 1) Initial Investment In the following table "Initial Investment"‚ this is for all disbursements required in the pre-operative project to be evaluated‚ i.e. all expenditures necessary for the company to begin operations and includes fixed assets. Current assets‚ i.e. all raw materials or products that the company will engage in selling. In addition‚ the initial investment table includes the composition of the investment that the company will need to boot‚ in simple words
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