Unit 1 Financial Planning Profession 1. What are some of the most important reasons that lead to a demand for financial planning services? 2. How might the business cycle‚ media and behavioural biases impact on investor behaviour? How can a financial planner help? 3. Discuss the historical development of the financial planning industry in Australia 4. Explain the relationship between the financial planning profession and other key components of the wealth management industry in Australia.
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No one doubts the value and importance of investor education and sophistication‚ but many investors are not really all that sophisticated. Goldman Sachs was scrutinized for marketing complex securities to its investors without telling them that a major hedge fund had taken a short position against these securities. The so-called sophisticated investors lost about $1 billion in this synthetic collateralized debt obligation (CDO). The SEC investigation of Goldman Sachs has emphasized that even
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production. 2) Variance Analysis (materials‚ labor‚ and overhead) Determination of Standard and Actual Data The production data of Long Company for the month of June show the following: Total Manufacturing Cost Variance P 3‚840 UF Price Usage Variance 1‚600 UF Material Cost Variance 440 UF Labor Cost Variance 4‚200 F Labor Rate Variance 8‚400 F Other Data: • The company paid P0.10 more than the standard price. • Two (2) pieces of materials are required per unit
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product costing system implemented in the company – with the exception of the calculation of product costs imperative for external financial reporting purposes‚ prepared by your company’s accountant. In order to reduce cost pressures upon Sunflower Ltd‚ in the highly competitive flower sector‚ this report recommends the introduction of management accounting into the company‚ in particular the use of product costing systems. The purpose of this report is to identify an appropriate product costing system
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advice and financial products to individuals‚ business‚ and government is called A) Managerial Finance. B) Financial Manager. C) Financial Services. D) none of the above. 2) Managerial finance A) involves tasks such as budgeting‚ financial forecasting‚ cash management‚ and funds procurement. B) involves the design and delivery of advice and financial products. C) recognizes funds on an accrual basis. D) devotes the majority of its attention to the collection and presentation of financial data. 3) Finance
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Obtain a copy of the company’s most recent financial statements. The financial statements are reported and published in the annual report‚ which can usually be found on the company website or by contacting Investor Relations. 2 Write about the company’s profitability. One of the most popular ratios used to gauge profitability is net income margin‚ which is net income divided by sales. If net income margin goes up‚ discuss why and by how much. If net income margin goes down‚ discuss why and by
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ADVANTAGES OF KAIZEN COSTING There are certain basic principles which are followed in various Japanese companies which are listed below: - 1) Focus on customers: The Kaizen philosophy has only one prime objective of customers’ satisfaction. Kaizen permits no middle ground its either you provide best products and customer satisfaction or not. All the activities should aim at providing customer with whatever he wants and should help the firm long term objective of customers’ satisfaction at
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Russian employers should think about changing the working time regulations‚ in order for workers to enter some analogue of ’’a siesta’’. So‚ what is the whole ado about? A short historical reference. The word ’’siesta’’ refers to a brief midday sleep‚ usually taken immediately after lunch. The word itself originates from the Latin expression ’’hora sexto’’ (’’sixth hour’’) in accordance with the Roman way of calculating the day time. Up till now‚ it is not totally clear when siesta appeared for the
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fair to say that Absorption costing is no longer relevant. In fact ABC does not conform to GAAP (generally accepted accounting principles). Absorption costing is conventionally used for external reports‚ filings and other statutory compliances; where all of the manufacturing costs and only manufacturing costs are needed. For example auditors are unlikely to be comfortable with “allocations that are based on interviews with the company’s personnel. Such objective data can be easily manipulated by
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Analyse the evolution of ACTIVITY BASED COSTING (ABC). What Factors led to its emergence. Contents Abstract………………………………………………………………………………………. 3 Introduction……………………………………………………………………………….. 4 Activity Based Costing (ABC)……………………………………………………..…. 5 * What is ABC * Development Of ABC Terms Involved in ABC & Stages of ABC………………………………………… 6 Evolution Of ABC………………………………………………………………………… 7 Phases of development of ABC……………………………………………………… 8 What led to the emergence of ABC………………………………………………
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