financial analysis tools in excel

... description of financial modeling as a valuableassist in developing financial projections, after demonstrating basic pro forma andcash budgeting processes as common tools for financial planning Now ... recognize in broad terms the implications of the company’s operatingleverage for-Financial Leverage The concept of introducing an element of fixed cost into the financial system alsoapplies to financial ... helpful in setting operational policies, which, especially in avolatile business setting might, for example, focus on minimizing fixed coststhrough outsourcing certain activities But in a broader

Ngày tải lên: 01/07/2014, 22:20

... made in a corporate context, inthe financial markets, or by individuals dealing with investments or financialinstruments of various kinds In this chapter we’ll concentrate first on defining the ... 4226 Financial Analysis: Tools and Techniquesinterest, while the timing incidence of five years is reflected in the number oftimes the interest is compounded to express the number of years during ... variety of cash-flow-based investments and instruments will becomeobvious Since the economic analysis of business investments involves projecting awhole series and pattern of incremental cash flows,

Ngày tải lên: 01/07/2014, 22:20

... major repo- sitioning of existing facilities through rebuilding or through sale and reinvestment. In a service business, expansion strategies could involve significant employee training outlays and ... The specific incremental cash flow from a busi- ness investment might be difficult to identify, because it’s intermingled in the company’s financial reports with other accounting information. ... facilities, a research and de- velopment project, a marketing program, additional working capital, an acquisi- tion, or investing in a financial instrument, an economic trade-off must be made between

Ngày tải lên: 01/07/2014, 22:20

... heighten any financial leverage already existing As we dis-cussed in Chapter 6, the use of instruments involving fixed financial charges willwiden the swings in earnings as economic and operating conditions ... available in arranging a company’s long-term financing,while setting aside the incremental operational funds sources used routinely bycompanies in line with practices in a particular industry ... company’s strategy is chang-ing, any shifts in exposure to the business cycle, shifting competitive pressures,and potential operating inefficiencies Trang 4328 Financial Analysis: Tools and TechniquesClearly,

Ngày tải lên: 01/07/2014, 22:20

... the point of view of the creditor judging the value of the company’s obligations. Finally, we’ll discuss the key issues involved in valuing an ongoing business as the basis for determining whether ... into adding the rate of decline to the cost of capital in the denominator, instead of subtracting the growth rate hel78340_ch11.qxd 9/27/01 11: 31 AM Page 384 384 Financial Analysis: Tools ... AM 382 Page 382 Financial Analysis: Tools and Techniques the cost of long-term financing used in the capital structure In fact, the common theme established early in the book was that

Ngày tải lên: 01/07/2014, 22:20

... managing better in a world arena—where economic fundamentals are gaining dominance over ideology. Financial analysis in its many forms, as introduced in Chapter 2 and specifically explained in ... Long-term debt Operating profit after taxes Earnings retained in company Funds available for growth Managing all new business investments as well as all existing investments for a targeted ... restructuring, increasing cost-effectiveness, making disinvestments and acqui- sitions, and developing value-based processes, data flows, measures, and incen- tives are being carried out in the

Ngày tải lên: 01/07/2014, 22:20

... APPENDIX I Financial Analysis Using Financial Genome An advanced financial analysis, statement generation and business planning soft- ware application called Financial Genome is available ... book or in other financial texts: • Display selected financial data individually or in any combination, and perform financial analysis using the built-in relationships or by creating new ones: Use ... Team-Fly ® APPENDIX I Financial Analysis Using Financial Genome 427 Forecast drivers for use in developing an integrated financial plan. Display of matching historical data for these

Ngày tải lên: 01/07/2014, 22:20

... 659 Increase in minority interests in subsidiaries 49 Increase in other capital 25 $2,078 Uses: Increase in accounts receivable 239 Increase in inventories 49 Increase in ... expenses 10 Increase in property, plant, and equipment 194 Increase in intangibles arising from acquisitions 415 Increase in other intangibles 201 Increase in investments in affiliated ... debt (including current portion) 715 Increase in long-term liabilities 21 Increase in minority interests 49 Decrease in common stock 2 Increase in other capital 25 Increase in

Ngày tải lên: 05/08/2014, 13:20

... leverage” in thefinancing area, while properly defining operating earnings as excluding the cost of interest This representation can be viewed as a simple model of a business in an counting ratio format ... current proposal by the Financial Accounting StandardsBoard goes part way toward recasting financial statements for banks and financialinstitutions, asking that loans and investments be valued ... of Inflation The extreme inflationary conditions in the United States beginning in the early1970s resulted in significant distortions in many of the calculations we discussed In recent years, inflationary

Ngày tải lên: 05/08/2014, 13:20

... the total business system We’ll cover the following concepts indetail: opera-• The basic financial growth model • Determining sustainable and affordable growth • The integrated financial plan ... recognize in broad terms the implications of the company’s operatingleverage for-Financial Leverage The concept of introducing an element of fixed cost into the financial system alsoapplies to financial ... projection of future financial requirements We ended Chapter 5 with a broad description of financial modeling as a valuableassist in developing financial projections, after demonstrating basic pro forma

Ngày tải lên: 05/08/2014, 13:20

... businessinvestments, defining the four key parameters of such investments and demon-strating the major tools used in the process It should be clear to the reader, how-ever, that minor rethinking ... present into thefuture In fact, we’ve used simple analogies to financial instruments in our dis-cussion, and also indicated that the process would be present again in the valua-tion discussions in ... think about the likely potential of theinvestment to achieve them In other words, annualization applied in this way is a $100,0004.623 Net investmentFactor Trang 18248 Financial Analysis: Tools

Ngày tải lên: 05/08/2014, 13:20

... and also with the linerepresenting the original situation, both appearing to the right of the originalline The lesser slope of the common stock line is easily explained Introducingnew shares of ... onfunding successful investments to sustain the growth pattern without excesses infunding choices, and exceeding the expectations of the market in implement-ing them In contrast, slow-growing companies ... leasing often involves aneconomic cost, because especially in operating lease arrangements the lessor must be compensated for providing, financing, servicing, and replacing the asset Bydefinition,

Ngày tải lên: 05/08/2014, 13:20

... continue) Trang 23406 Financial Analysis: Tools and TechniquesThe adjustments underlying the data in Figure 12–5 are made in three areas.The first involves transforming accounting net income into ... worldarena—where economic fundamentals are gaining dominance over ideology.Financial analysis in its many forms, as introduced in Chapter 2 and specificallyexplained in the remainder of this book, is an essential ... company or combination of companieswithin the context of shareholder value creation in Chapter 12 differ-Using Shortcuts in Valuing an Ongoing Business In the previous example, an earnings multiple

Ngày tải lên: 05/08/2014, 13:20

... through effective financial analysis Financial analysis means examining the overallfinancial situation of the business in a certain time The financial analysis is particularly important in the management ... decisionsaccurately Financial analysis is the process of determining the operation and financial characteristics of a company in the term of accounting and financial statement The objective of this financialanalysis ... companies(operated in areas such as: manufacturing, tourism, travel, training, consulting ), the differencebetween business financial analysis of financial and non-financial enterprises is that the analysis

Ngày tải lên: 07/03/2014, 15:44

... Financial Statement Analysis Tools In previous chapters we have seen how the firm’s basic financial statements are constructed In this chapter we will see how financial analysts can use the information ... remain after the firmhas paid all of its operating (nonfinancial) expenses The operating profit margin is calculated as: (4-19) For EPI in 2011: The operating profit margin can be calculated in ... 6.09% from 2010, indicating that EPI seems to be having problems controlling itsoperating costs The Net Profit Margin The net profit margin relates net income to sales Because net income is profit

Ngày tải lên: 25/03/2014, 11:44

... 2: Charting in Excel Volume 3: Excel Beyond The Basics Volume 4: Managing & Tabulating Data in Excel Volume 5: Statistical Analysis with Excel Volume 6: Financial Analysis using Excel ... using declining balance methods 115 Fixed declining balance method 115 Variable declining balance method 116 Financial Analysis using Excel 10 Allowing for a switch over between declining ... 1: Excel For Beginners PAGE SETUP Volume 1: Excel For Beginners PRINT AREA Volume 1: Excel For Beginners PRINT PREVIEW Volume 1: Excel For Beginners PRINT Volume 1: Excel For Beginners

Ngày tải lên: 08/04/2014, 12:08

... Trong Lam Dong province ) 5. Study the suitable watering regime for sunflower in the rainfed area. (2 experiments, one in Duc Trong and one in Di Linh district, Lam Dong province). 6. Conduct ... protein and carbohydrate. Vegetable oil consumption in Viet Nam is increasing and calories obtained from vegetable oils is likely to increase from 15-20% of the total diet to 35-45% as incomes increase ... hybrids grown in Binh Thuan in Autumn 2005 was low due to the adverse effect of heavy rain at flowering time. Compared to autumn sunflower grown in Di Linh district, Lam Dong province, Hysun

Ngày tải lên: 22/06/2014, 13:20

... Trang 2Beginning Excel What-If Data Analysis Tools Getting Started with Goal Seek, Data Tables, Scenarios, and Solver Paul Cornell Trang 3Beginning Excel What-If Data Analysis Tools: Getting Started ... of Other Helpful Excel Data Analysis Tools 139Subtotaling and Outlining Data 139 Consolidating Data 140 Consolidating Using 3-D References in Formulas 140 Consolidating Data by Position ... Sorting Data 142 Sorting in Ascending or Descending Order 142 Sorting by Multiple Columns 142 Sorting by Months or Weekdays 142 Sorting in Custom Order 143 Sorting by Rows 143 Filtering

Ngày tải lên: 14/08/2014, 06:22