Showing posts with label Concept Brief. Show all posts

Monday, May 9, 2022

Values A Manager Has to Possess

Abram T. Collier established the five sets of values for the guidance of a manager to develop them in himself.

The “A” Values

Self teaching

The virtues of hard work

Self realization

Personal responsibility

Search for justice and honor

The “B” Values

Organizational skills

Sales techniques

Administrative genius

Communication power

Integration of mental and physical health

The “C” Values

Professional training

Desire for facts

Legal realism

Historical objectivity

The “D” Values

People centered teaching

Customer oriented selling

Service

Participative management

Self transcendence

The “E” Values

The capacity to adapt to change

Ability to integrate viewpoints

The power to go beyond the above four value structures

Reference:

Abram T. Collier, Management, Man and Values, Harper & Row, New York, 1962, pp. 226-227

Values - The Concept

Schwartz and Bilsky (1987): "Values are a) concepts or beliefs, b) about desirable end states or behaviours, c) that transcend specific situations, d) guide selection or evaluation of behaviour or events, and e) are ordered by relative importance." (Cited in Agle and Caldwell, 1999: 359).

Jacob et al. (1962). As cited in Harrison (1975: 117), values are: "…the normative standards by which human beings are influenced in their choice among the alternative courses of action they perceive." (Jacob et al., 1962: 10)

Giacomino et al. (2000) discuss the influence of personal values on business behaviour. Values are particularly important because “They determine, regulate, and modify relations between individuals, organisations, institutions, and societies” (Agle and Caldwell, 1999: 327).

Kahle et al. link personal values and social values very closely, claiming that “Values are…integrally connected to social change” and that “…values are individual representations of societal goals. As elusive societal goals change, individuals’ values will sometimes lead and sometimes reflect this change.” (Kahle et al., 1998: 35).

Macchiette and Roy also connect personal and social values, referring to “…the 1990s…[having]…witnessed some major changes in consumer attitudes…and product-related values that reflect the heightened influence of social issues in the American marketplace.” (Macchiette and Roy, 1994: 55)

Source: http://www.hull.ac.uk/hubs/downloads/memoranda/memorandum34.pdf

Original knol - http://knol.google.com/k/narayana-rao/values-a-manager-has-to-possess/ 2utb2lsm2k7a/ 191

Ud 10.5.2022, 25.3.2012

Monday, June 27, 2016

Activity based budgeting

Management Concept Knol Series

Introduction

Activity based budgeting focuses on the budgeted cost of activities (for ex. R&D, training, supply, processing of each range of products and services, quality control, accounting, logistic, distribution, customer service, marketing, promoting and selling....) necessary to produce and sell products and services.

This approach to budgeting entails formulating budgets for each activity in its activity management system

Source:
Horngren Charles, T., George Foster, and Srikant M. Datar, Cost Accounting, 10th Edition, Prentice Hall Inc.

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Knols

Activity based budgeting

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Books

Antos, John and James A. Brimson, Driving Value Using Activity Based Budgeting, (NY, NY: John Wiley & Sons, 1999)

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/787

Accounting

Accounting - Concept Brief

Accounting is the language of business.

Business firms are established to make profits. Profit is the return to the owners of business. Accounting determines the amount of profit made by a business firm in a period.

Accounting records and statements have many other uses. Accounting is defined as providing information to facilitate decision making by managers and investors.

Accounting is based on documentary evidence of a transaction involving money and assets between a business firm and other parties. These documents are called as vouchers in accounting jargon.

Based on vouchers, accountants first enter the transaction in a journal. From the entries in the journal, they make posting in the ledger in separate accounts maintained for various assets, liabilities, revenues and expenses, and various parties representing customers and suppliers.

From the account balances in the ledgers, various accounting statements are prepared.

Profit and loss account, balance sheet and cash flow statement are important statements to be prepared by companies and circulated to their shareholders.

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/908

Achievement Motive

Introduction

Achievement motive may be defined as the degree to which a person wishes to accomplish challenging goals, succeed in competitive situations, and exhibit the desire for unambiguous feedback regarding performance. An individual with a high achievement motive has higher levels of each element of the definition.

Source:
Fred Luthans, Organization Behavior, 9th Edition, McGraw Hill

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/785

Saturday, April 2, 2016

MUJI - Japanese Frugal Engineering

Ryohin Keikaku Co.,Ltd. (株式会社良品計画 Kabushiki-gaisha Ryōhin Keikaku?) (TYO: 7453), or Muji (無印良品 Mujirushi Ryōhin?) is a Japanese retail company which sells a wide variety of household and consumer goods.

Muji unique points are its design minimalism, emphasis on recycling, avoidance of waste in production and packaging, and no-logo or "no-brand" policy.

The name Muji is derived from the first part of Mujirushi Ryōhin, translated as No Brand Quality Goods on Muji's European website.

https://en.wikipedia.org/wiki/Muji

http://www.notesinabook.com/b-is-for-brands/

Monday, May 13, 2013

"Outside-in" Thinking - Prof. Ranjay Gulati

Ranjay Gulati is the Jaime and Josefina Chua Tiampo Professor of Business Administration at Harvard Business School.

Companies with an outside-in perspective aim to provide solutions for customers. Those with an inside-out orientation, on the other hand, just focus on products, sales, and the organization.

Customer-centric companies tracked by Gulati between 2001 and 2007 delivered shareholder returns of 150 percent while the S&P 500 delivered 14 percent.

To develop an outside-in orientation, it is essential to translate awareness of a customer issue or problem into action toward solving it and provide the solution to the customer.

Ranjay Gulati: "I naively assumed that all firms must indeed have an outside-in orientation whereby they put their customers first in all their decisions and actions." After all, that is what business is about and marketing texts and courses promoted it . But Gulati says "Much to my surprise, I found that this was the exception rather than the rule for most businesses."

More Reading on the Concept and Ranjay Gulati

http://hbswk.hbs.edu/item/6201.html

http://articles.economictimes.indiatimes.com/2012-03-02/news/31116805_1_new-guru-customer-gulati

http://www.h-ym.com/articles/Inside%20Outside-In%20WP.pdf

http://blogs.hbr.org/hbsfaculty/2010/04/inside-best-buys-customer-cent.html

Silobusting - Ranjay Gulati
http://hbr.org/2007/05/silo-busting-how-to-execute-on-the-promise-of-customer-focus/ar/1

"From Inside-out to Outside in thinking" by Ranjay Gulati, HBS professor in Economic Times Corporate Dossier of 10 May 2013

Video
http://www.theglobeandmail.com/report-on-business/careers/video-high-growth-requires-customer-first-thinking/article549998/

Transcript of the video
http://www.theglobeandmail.com/report-on-business/transcript-high-growth-requires-customer-first-thinking/article4171789/

Tuesday, May 15, 2012

Empowerment

Authors

Narayana Rao

Empowerment may be defined as “recognizing and releasing into the organization the power that people have in their wealth of useful knowledge and internal motivation.”

Empowerment is similar to delegation, but two characteristics differential it from delegation. One is that employees are encouraged to use their own initiative in response to the need of the situation and manage the situation. Second they are given resources to implement their decisions. Empowerment philosophy to be successful has to be embedded in an organization’s cultural values that are operationalized through participation, access to information, innovation and accountability.

Bibliography

EMPOWERMENT IN TERMS OF THEORETICAL PERSPECTIVES:

EXPLORING A TYPOLOGY OF THE PROCESS AND COMPONENTS ACROSS DISCIPLINES

Mann Hyung Hur

2006

http://fycs.ifas.ufl.edu/swisher/OTS/empowerment.pdf

Monday, May 14, 2012

Wealth Management - The Concept

Authors

Narayana Rao

Wealth management goes beyond the traditional asset allocation methods.

What are the questions a wealth manager should ask his clients to help them to utilize their wealth appropriately?” One must question is, tell me about your dreams!

Wealth management goes substantially beyond the mere management of financial assets.

Wealth managers need to grasp the whole picture in order to place the asset management part of the problem in the appropriate perspective. The emphasis has to be on the need to try and understand clients’ dreams and to help them see how their wealth allows them to bring their dreams to life.

Traditional finance invites us to determine, or help determine, our clients’ return expectations and risk tolerances, and there is nothing wrong with that. In the end, there is indeed some risk/return trade-off, and whether it is explicitly stated or simply implicitly recognized, it is inescapable. Families have very rarely made their wealth in the finance industry, however, and are thus not naturally familiar with the arcane elements of finance profession or the theory that underpins it.

Understanding the dreams and goal of the client provides the right path. Each of these goals will inevitably have a bearing on the family’s use for, and attitude toward, asset management, and starting with them helps establish the right focus for the family to understand and participate in the process. The old saw says that people tend to ask what time it is rather than how to make a watch! That simple insight applies to wealth management.

Tell me about your dreams, and I will help you first identify your goals, then help you quantify and, if necessary, prioritize these goals, which will, in turn, help us develop together a strategic asset allocation plan for your family.

A Fidelity survey brings out the fact that most high-net-worth investors prefer working with a single advisor with additional assistance from outside specialists (28%), to manage investments (28%), or to access a comprehensive range of services (25%). Relatively few embrace working with multiple advisors (13%) or any individual advisor managing other advisors (quarterback approach, 5%).

Wealth Management Institute

Wealth Management Institute
(Regn. No. 200303588Z)
60B Orchard Road
#06-18 Tower 2
The Atrium@Orchard
Singapore 238891

Tel: (65) 6828 6988
Fax: (65) 6821 1155

http://www.wmi.com.sg/index.html

Introduction

Wealth management has developed rapidly in recent times to become one of the most attractive business sectors in the financial industry. The growing affluence and sophistication of economies such as China, India and other Asian countries have created a rising demand for professional wealth management services, such as fund management and private banking.

The Wealth Management Institute (WMI) is Asia's first educational institution that specialises in wealth management. Combining academic rigour and a practical-orientation, the WMI offers a holistic, industry-driven approach in training wealth management professionals. It provides a relevant and balanced education for the wealth management industry, combining an Asian focus with global perspectives.

The WMI provides wealth management professionals in Asia the opportunity to network and learn from the industry's leading players. Through partnerships formed with private banks, fund management companies, industry associations and with faculty from leading business schools, the WMI aims to update executives on the latest developments in the industry and serve as a centre for education and research in wealth management in Asia.

Quote

Wealth management, encompassing fund management and private banking, has probably the highest growth potential in the Asian financial services industry. If you have the aptitude and talent to work in the financial services industry, wealth management offers you great scope for professional growth and a promising career.

MR NG KOK SONG
Chairman of Wealth Management Institute

The Wealth Management Institute (WMI) is appointed by the Monetary Authority of Singapore (MAS) and the Singapore Workforce Development Agency (WDA) as a lead provider of FICS-accredited training and assessment programmes for the following job families under the the Financial Industry Competency Standards (FICS) framework:

(1) Wealth Management – Relationship Management – High Net Worth
(2) Wealth Management – Investment Advisory Services
(3) Wealth Management – Trust & Estate Planning
(4) Wealth Management – Trust Administration

Programmes

master of science in wealth management

The Master of Science in Wealth Management (MSc in WM) is a flagship programme of the WMI developed in close collaboration with the Singapore Management University (SMU) and the Swiss Finance Institute. The degree will be awarded by SMU. The programme is tailored to meet the educational needs of post-graduate students wanting to work in the wealth management industry and existing wealth management practitioners who would like to enhance their academic and professional credentials.

WMI ADVANCED WEALTH MANAGEMENT PROGRAMME

The WMI Advanced Wealth Management Programme (AWMP) is designed in line with the Financial Industry Competency Standards (FICS) set by the Institute of Banking and Finance (IBF) in the area of Relationship Management – High Net Worth (Job Role V) and Investment Advisory Services (Job Role V).

References

Fidelity Survey

http://personal.fidelity.com/myfidelity/InsideFidelity/NewsCenter/mediadocs/friag_wealthmgmt.pdf

Journals and Magazines

The Journal of Wealth Management is dedicated to helping you preserve and grow the assets of high-net-worth investors and family offices. It addresses the investment concerns of affluent families and shows you how to profit from new investment vehicles like hedge funds and alternatives.

The Journal of Wealth Management

Fall 2008

Institutional Investor, Inc. Journals Group
225 Park Avenue South
New York, NY 10003

Fall 2008 Issue

Contents

Editor's Letter

The Three Forms of Governance: A New Approach to Family Wealth Transfer and Asset Protection, Part II
Lisa Gray

Wealth Management: Using the Balance Sheet Methodology
Kirk Loury

Asset Liability Management in Financial Planning
Stephan Hocht; Ng Kah Hwa; Christoph G. Rosch; Rudi Zagst

Investment Implications of the Estate Tax
Jeffrey E. Horvitz

The Elusiveness of Investment Skill
Robert A. Jaeger

Conditional Financial Models and the Alpha Puzzle: A Panel Study of Hedge Fund Returns
Francois-Eric Racicot; Raymond Theoret

Measuring the Cost of Risk Reduction in Tax-Deferred Investing
W. Cris Lewis

Reconsidering IRA and Roth IRA: Keeping Bequests and Other Options in Mind
Ashraf Al Zaman

Corporate PACs and the Stock Market: The Case of the 2004 Presidential Election
Matthew Hood; John R. Nofsinger

Magazine - Professional Wealth Management
http://www.pwmnet.com/

Reviewed 3.3.2011

Comments

Short urls

http://knol.google.com/k/-/-/2utb2lsm2k7a/173

Narayana Rao - 03 Apr 2011

Sunday, April 22, 2012

Analysis of Financial Ratios

Index of concepts

1. Aa to Az
2. Ba to Bz
3. Ca to Cz
4. Da to Dz
5. Ea to Ez
6. Fa to Fz
7. Ga to Gz

8. Ha to Hz

9. Ia to Iz

10. Ja to Jz

11. Ka to Kz

12. La to Lz

13. Ma to Mz

14. Na to Nz

15. Oa to Oz

16. Pa to Pz

17. Qa to Qz

18. Ra to Rz

19. Sa to Sz

20. Ta to Tz

21. Ua to Uz

22. Va to Vz

23. Wa to Wz

24. Xa to Xz

25. Ya to Yz

26. Za to Zz

Subject: Investment Analysis

Chapter/Topic: Financial statement analysis

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Concept Definition and Explanation

The line items in financial statements in isolation convey little meaning. hence analysts calculate ratios from line items of financial statements and compare ratios over time, across companies and with some standard ratios considered as ideal.

Reilly and Brown divided financial rations into five major categories. These categories capture the important economic characteristics of a firm.

1. Common size statements.

2. Internal liquidity

3. Operating performance

4. Risk analysis

5. Growth analysis

1. Common Size Statements.

In common size balance sheet all accounts/line items are expressed as a percentage of total assets. Hence one can compare statements of different sized firms for their composition of assets and liabilities.

In common size income statements all line items are expressed as percentage of sales.

2. Internal Liquidity

This category of ratios compare near-term financial obligations such as accunts payable and notes payable to current assets or cash flows that will be available to meet these obligations.

3. Operating Performance

Two subcategories are used in this category. Efficiency ratios calculate the ratio of dollars of sales generated to various asset or capital categories. Profitability ratios analyze the profits as a percentage of sales and as a percentage of assets and capital employed.

4. Risk Analysis

This set of ratios examine the factors that cause a firm's net income to vary.

5. Growth Analysis

The important measure in this category is sustainable growth rate

g = Percentage of Ernings Retained * Return on Equity

g = RR * ROE

References:

Reilly, Frank and Keith Brown, Investment Analysis and Portfolio Management, 7th Edition, Thomson-South Western, 2003

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Knols

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Financial Statement Analysis

FINANCIAL STATEMENT ANALYSIS

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Books

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Research Papers

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Concept Articles

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Subject: Investment Analysis

Chapter/Topic; Technical analysis

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Concept Definition and Explanation

A support level is the price range at which the technical analyst would expect a substantial increase in the demand for a stock.

Support levels are an item of interest after there is a meaningful increase in the price of a stock and a correction is taking place due to profit taking by traders. The logic or argument for the emergence of support level is that some persons who did not buy during the first price increase, will get into the stock. Also short sellers who sold at that price, will cover the positions as no loss trades. Due to the short covering and fresh buying at support levels substantial demand emerges for the stock and the stock rebounds.

Resistance level as a concept is similar to support level. At resistance level, an increase in the supply of stock is expected and hence a price reversal. A resistance level develops in respose to a price rise. As prices are going up from an earlier decline, they touch earlier peaks. At each peak there are some investors who bought the stock and experienced a decline in price. They now square off their transactions at no-loss positions. Hence a supply comes into the market at these levels. Similarly, some persons who did not short sell at this level earlier now do the short selling. Price levels at which substantial number of transactions take place act as strong resistance and support levels.

References:

Reilly, Frank and Keith Brown, Investment Analysis and Portfolio Management, 7th Edition, Thomson-South Western, 2003

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Concept Definition and Explanation

This is a concept related to sales of new products. It will take sometime for the early adopters to use a new product and give their judgment on it. Any new product has to be first used by habitual early adopters who have an inclination to try new products. It is only when they give favorable comments that others who follow them will start buying the product. Hockey stick phenomenon reflects it. Initially for quite some period, say two to three quarters sales are very low and then they pick up with great speed.

Another context in which this concept is used is the effort put in by sales persons. They take it easy in the inital quarters and then put in a big effort in the last one or two quarters to achieve their targets. Such distribution of effort has the hockey stick phenomenon. At the end of the year, the salesperson is tired and hence once again the initial period of the new year there will be less effort by the salesperson.

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Research Papers

2008

2007

Management Knowledge Revision Knols

Knols that facilitate revision of various subjects of MBA curriculum to keep management professionals' knowledge fresh

=> Handbook of Management Knowledge Revision

Knol - 1025

Wednesday, April 18, 2012

Capital Asset Pricing Model (CAPM)

IB, SAPM Concept

Index of concepts

1. Aa to Az
2. Ba to Bz
3. Ca to Cz
4. Da to Dz
5. Ea to Ez
6. Fa to Fz
7. Ga to Gz

8. Ha to Hz

9. Ia to Iz

10. Ja to Jz

11. Ka to Kz

12. La to Lz

13. Ma to Mz

14. Na to Nz

15. Oa to Oz

16. Pa to Pz

17. Qa to Qz

18. Ra to Rz

19. Sa to Sz

20. Ta to Tz

21. Ua to Uz

22. Va to Vz

23. Wa to Wz

24. Xa to Xz

25. Ya to Yz

26. Za to Zz

Subject: Portfolio Management

Chapter/Topic: Modern Portfolio Theory and Asset Pricing

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Concept Definition and Explanation

Capital market theory extends portfolio theory and develops a model for pricing all risky assets

Capital asset pricing model (CAPM) will allow you to determine the required rate of return for any risky asset

Assumptions of Capital Market Theory

1. All investors are Markowitz efficient investors who want to target points on the efficient frontier.
The exact location on the efficient frontier and, therefore, the specific portfolio selected, will depend on the individual investor’s risk-return utility function.

2. Investors can borrow or lend any amount of money at the risk-free rate of return (RFR).
Clearly it is always possible to lend money at the nominal risk-free rate by buying risk-free securities such as government T-bills. It is not always possible to borrow at this risk-free rate, but we will see that assuming a higher borrowing rate does not change the general results.

3. All investors have homogeneous expectations; that is, they estimate identical probability distributions for future rates of return.
Again, this assumption can be relaxed. As long as the differences in expectations are not vast, their effects are minor.

4. All investors have the same one-period time horizon such as one-month, six months, or one year.
The model will be developed for a single hypothetical period, and its results could be affected by a different assumption. A difference in the time horizon would require investors to derive risk measures and risk-free assets that are consistent with their time horizons.

5. All investments are infinitely divisible, which means that it is possible to buy or sell fractional shares of any asset or portfolio.
This assumption allows us to discuss investment alternatives as continuous curves. Changing it would have little impact on the theory.

6. There are no taxes or transaction costs involved in buying or selling assets.
This is a reasonable assumption in many instances. Neither pension funds nor religious groups have to pay taxes, and the transaction costs for most financial institutions are less than 1 percent on most financial instruments. Again, relaxing this assumption modifies the results, but does not change the basic thrust.

7. There is no inflation or any change in interest rates, or inflation is fully anticipated.
This is a reasonable initial assumption, and it can be modified.

8. Capital markets are in equilibrium.
This means that all investments properly priced in line with their risk levels and investors will not get any benefit by exchanging their assets with other on the dimension of risk and return. If there change assets, risk will come down and return will come down or risk will go up and return will go up.

Capital Asset Pricing Model

The model gives an expression for determining the Expected Rate of Return for a Risky Asset

R_i = RFR + β_i(R_m-RFR)

R_i = Expected Rate of Return for a Risky Asset
RFR = risk free rate of return; return on a treasury bill or bond

β_i = Systematic risk of the risky asset - determined from the past data of returns on the asset and return on the general equity market or security market.

R_m = Expected return on the general market (Expected return on the index)

The expression can be explained that the expected rate of return of a risk asset is determined by the RFR plus a risk premium for the individual asset.

The risk premium is determined by the systematic risk of the asset (beta) and the prevailing market risk premium (RM-RFR)

References:

Reilly, Frank and Keith Brown, Investment Analysis and Portfolio Management, 7th Edition, Thomson-South Western, 2003

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Friday, April 13, 2012

Quality of Financial Statements

Index of concepts

1. Aa to Az
2. Ba to Bz
3. Ca to Cz
4. Da to Dz
5. Ea to Ez
6. Fa to Fz
7. Ga to Gz

8. Ha to Hz

9. Ia to Iz

10. Ja to Jz

11. Ka to Kz

12. La to Lz

13. Ma to Mz

14. Na to Nz

15. Oa to Oz

16. Pa to Pz

17. Qa to Qz

18. Ra to Rz

19. Sa to Sz

20. Ta to Tz

21. Ua to Uz

22. Va to Vz

23. Wa to Wz

24. Xa to Xz

25. Ya to Yz

26. Za to Zz

Subject: Investment Analysis

Chapter/Topic: Financial Statement Analysis

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Concept Definition and Explanation

Analysts do talk of quality of a firm's earnings in the reports. A quality financial statement is good reflection of reality of the performance of business in a period. Sometimes companies use accounting tricks and accounting policy changes to make the firm's appearance stronger than it really is. Analysts find out such changes and bring them to the notice of the investors and comment that reported earnings are not quality earnings.

High-quality balance sheets typically have

Conservative use of debt

Assets with market value greater than book

No liabilities off the balance sheet

High-quality income statements reflect repeatable earnings

Gains from nonrecurring items are highlighted so that they can be be ignored when examining earnings

High-quality earnings result from the use of conservative accounting principles that do not overstate revenues or understate costs

References:

Reilly, Frank and Keith Brown, Investment Analysis and Portfolio Management, 7th Edition, Thomson-South Western, 2003

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Knols

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Books

How to Analyze Businesses, Financial Statements, and the Quality of Earnings‎

by Joel G. Siegel

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Research Papers

2001

Heidi Vander Bauwhede, "What Factors Influence Financial Statement Quality: A Framework and Some Empirical Evidence", http://venus.unive.it/bauhaus/Heidi%20Vander%20Bauwhede.PDF

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Concept Articles

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Monday, March 26, 2012

Cash Flow Statement or Statement of Cash Flows

Subject

Index of concepts

1. Aa to Az
2. Ba to Bz
3. Ca to Cz
4. Da to Dz
5. Ea to Ez
6. Fa to Fz
7. Ga to Gz

8. Ha to Hz

9. Ia to Iz

10. Ja to Jz

11. Ka to Kz

12. La to Lz

13. Ma to Mz

14. Na to Nz

15. Oa to Oz

16. Pa to Pz

17. Qa to Qz

18. Ra to Rz

19. Sa to Sz

20. Ta to Tz

21. Ua to Uz

22. Va to Vz

23. Wa to Wz

24. Xa to Xz

25. Ya to Yz

26. Za to Zz

: Investment Analysis

Chapter/Topic: Financial Statement Analysis

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Concept Definition and Explanation

Discounted cash flow valuation techniques use cash flow as the basis for valuing a security. Cash flow statement or Statement of cash flows is now made a mandatory statement to be provided by corporate concerns to their existing investors. Prospective investors in the secondary market of securties also use the same information for their investment and trading decisions.

The statement of cash flows has three sections:

1. Cash flow from operating activities

2. Cash flows from investing activities

3. Cash flows from financing activities.

1. Cash Flows from Operating Activities

In this section, the sources and uses of cash that arise from the normal operations of a firm are given as line items of the statement.

The sum net income, noncash expenses minus non cashsrevenue and net decrease in work capital items provides a positive cash flow figure from operations.

2. Cash Flow from Investing Activities

Business firms keep investing in physical assets as well as financial assets. Increases and decreases in noncurrent assets or accounts are considered investment activities. These activities normall use resources and hence decrease cash flow. But sometimes significant asset sale can give a positive figure or increase cash flow of the company

3. Cash Flows from Financing Activities

Bond and stock issues act as sources of funds. Payment of bonds and repurchase of shares and payment of dividends are uses of funds. Sources of funds and uses of funds in the financing activity are shown in this section.

For the exhibit of of statement of cash flows of IBM statement of cash flows of IBM

References:

Reilly, Frank and Keith Brown, Investment Analysis and Portfolio Management, 7th Edition, Thomson-South Western, 2003

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Knols

Cashflow and Balance Sheets in Accountancy

Related Knols

How to Evaluate A Cash Flow Statement

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Books

Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance

Charles W. Mulford, Charles W. Mulford Eugene E. Comiskey, Eugene E. Comiskey‎

Cash Flow Control‎ - Page 2

Brian Coyle, Alaistar Graham

Managing Cash Flow: An Operational Focus‎

Rob reider, Peter B. Hailer

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You Tube Vidoes

Cash Flow 1 Statement of Cash Flows Format

http://www.youtube.com/watch?v=38WcNba0Ic0

Cash Flow 2 Operating Activites

http://www.youtube.com/watch?v=KAOrqyzgYzA

Cash Flow 3 Investing Activites-Investments

http://www.youtube.com/watch?v=Dt6ClHG34RM

Cash Flow 5 Financing Activites

http://www.youtube.com/watch?v=TXmm2EV2QWg

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Research Papers

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Pages

Monday, May 9, 2022

The “A” Values

The “B” Values

The “C” Values

The “D” Values

The “E” Values

Monday, June 27, 2016

Accounting - Concept Brief

Saturday, April 2, 2016

Monday, May 13, 2013

Tuesday, May 15, 2012

Empowerment

Authors

Monday, May 14, 2012

Wealth Management - The Concept

Authors

Wealth Management Institute

References

Journals and Magazines

Comments

Short urls

Sunday, April 22, 2012

Subject: Investment Analysis

Concept Definition and Explanation

Knols

Related Knols

Books

Research Papers

Concept Articles

Related Article Directories

Subject: Investment Analysis

Concept Definition and Explanation

Knols

Related Knols

Books

Research Papers

Concept Articles

Related Article Directories

Concept Definition and Explanation

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Knols

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Research Papers

Management Knowledge Revision Knols

Wednesday, April 18, 2012

Subject: Portfolio Management

Concept Definition and Explanation

Knols

Related Knols

Books

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Friday, April 13, 2012

Subject: Investment Analysis

Concept Definition and Explanation

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Monday, March 26, 2012

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