财务管理 英文版ppt

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16 - 4
How does SKI’s working capital policy compare with the industry?
Working capital policy is reflected in current ratio, quick ratio, turnover of cash and securities, inventory turnover, and DSO.
These ratios indicate SKI has large amounts of working capital relative to its level of sales. SKI is either very conservative or inefficient.
Copyright © 2001 by Harcourt, Inc.
Copyright © 2001 by Harcourt, Inc.
All rights reserved.
16 - 8
What’s the goal of cash management?
To meet above objectives, especially to have cash for transactions, yet not have any excess cash.
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Ways to Minimize Cash Holdings
Use a lockbox.
Insist on wire transfers from customers.
Synchronize inflows and outflows.
Use a remote disbursement account.

3-8
Simple Interest (FV)
What is the Future Value (FV) of the deposit?
FV = P0 + SI = $1,000 + $140 = $1,140
Future Value is the value at some future time of a present amount of money, or a series of payments, evaluated at a given interest rate.
7. Use interest factor tables to find an unknown interest rate or growth rate when the number of time periods and future and present values are known.
3-3
The Interest Rate
Which would you prefer -- $10,000 today or $10,000 in 5 years?
Obviously, $10,000 today. You already recognize that there is
TIME VALUE TO MONEY!!
3. Describe how the interest rate can be used to adjust the value of cash flows – both forward and backward – to a single point in time.
4. Calculate both the future and present value of: (a) an amount invested today; (b) a stream of equal cash flows (an annuity); and (c) a stream of mixed cash flows.

Profit budget
Identify the objectives and goals of the business: It is essential to understand the objectives and goals of the business before preparing a budget This helps to align the budget with the overall strategy of the organization
It provides direction: A financial plan serves as a roadmap, guiding businesses towards their financial goals It identifies the financial objectives and milestones to be achieved, allowing businesses to plot a course towards their desired outcomes
Financial Management PPT Englndamentals of Financial ManagementFinancial statement analysisBudget and financial planInvestment decisionFinancial risk management
It shows the company's assets, liabilities, and equity, and is used to assess the company's financial health and solvency The balance sheet is prepared at the end of each accounting period and is an important tool for investors and credits to evaluate a company's financial strength and creditworthiness

• Dr Cash
• Dr Discunt
• Cr
NP
56,700 43,300
100k
• 1st
• Dr Int Exp (56.7x12%)
• Cr
Discount
Effective Int Rate
• 1st
• Dr Int Exp (56.7+disc amort 1st)x12%)
• Cr
Compute Price of Bonds: 200k 20yr Slated Rate 8%,Mkt Rate 12%
• 100k Bond , 5 years @ 9% Interest, MKT rate 12%, yearly
• BOND sells at 89 at Discount
• See Pg C-1 in old book
7.582k
• 2nd
• Dr Int Exp (10% x CV-prinle reduct) 6.340k
• Dr NPຫໍສະໝຸດ 20k• CrCash
20k
• Cr
Discount Amort
6.340k
• Int Exp= ((100-24.184)-(20k-7.582))x10%=6.340k
• 3rd
BOND INTEREST RATES,Pg 583
• Stated Interest Rate on Bond, 10% • Market Interest Rate • A) If Mkt rate >Stated Rate,Bond sold at
Discount • B) If Mkt rate < Stated Rate,Bond sold at