Financial anaysis for managers

An organization has little or no control over its environment but needs to constantly monitor and adapt to these external changes, a proactive or reactive response leads to significantly different outcome. The Environmental Domain The domain consists of all the entities of the environment that interacts with the organization.

Financial anaysis for managers

Financial anaysis for managers

Comprehensive Case Study For each topic, there is a short reading assignment, followed by some review questions and practice examples. Throughout the course, we apply the tools and instruments of financial analysis to one specific company, The Hershey Company.

This allows us to also discuss the links between the various dimensions of performance and, thereby, derive a more comprehensive picture of the financial situation of a company.

One important dimension of Financial Analysis is the ability to understand how much cash a firm generates and what the different sources and uses of cash are.

This is the topic of the course "Financial Planning" and will not be discussed in detail in this course. Then we turn to the question of non-operating assets and how they affect performance analysis.

In particular, we are interested to understand the sales volume as well as its growth rate. Depending on the specific situation of the company, it will also be important to know whether the business is seasonal, whether there are bulk risks in the client base, and to what extent new and existing products contribute to sales.

This section looks at Liquidity Ratios. These ratios tell us whether the firm is able to cover its short-term obligations with its "liquid" assets.

We learn how to measure liquidity and how to interpret different liquidity ratios.

The Environmental Domain

In particular, we will get to know the current ratio, the quick ratio, as well as the cash ratio. This section presents the most popular financial ratios to assess this efficiency.

We get to know ratios such as days inventory outstanding, days sales outstanding, and days payables outstanding. We study the varios ratios that summarize the debt-equity mix. We also learn how important it is to distinguish between market values and book values. Finally, we get to know ratios such as the interest coverage ratio that tell us whether the firm can service its debt obligations from operating business.

They are the topic of this section. We look at various ways to express profitability and learn how to compute important ratios such as the EBIT-margin, Return on Equity, or Earnings per Share. We identify the three determinants of ROE: Operating performance, technical efficiency, and leverage.

We need to know these drivers to properly interpret ROE. We look at dividends and share repurchases and compute the most popular payout ratios.

To do so, we go back to the Hershey case study and conduct an analysis of the financial developments over the years - An essay on what it's like to be an intelligence analyst, and tips for establishing a career in the field. Architectural Engineers are key members of any building project team as they have the skills and knowledge to apply engineering principles and technology to creative building design.

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Financial anaysis for managers

The digit and digit formats both work. A reserve study is a long-term capital budget planning tool which identifies the current status of the reserve fund and a stable and equitable funding plan to offset ongoing deterioration, resulting in sufficient funds when those anticipated major common area expenditures actually occur.

The reserve study consists of two parts: the physical analysis and the financial analysis.

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