Finance

The progress of mankind can be attributed to efficient and effective communication.  Take the example of Warren Edward Buffett, who, with only a word, can he impact the whole business world.  He is definitely a person who can make good use of harmonizing independent thinking and expression.  Aside from being such an influence in the world of business, he is also a philanthropist, donating a lot of his personal fortune to charities.  By equipping professional knowledge, integral...

Ladies and Gentlemen I would like to express my sincerest intention to apply at Seattle University. My name is Oky Aditya Putra. I was born in Jakarta, Indonesia on 7th October 1989. Eventually, I moved in the United States and this move has made me become more adaptable to different cultures, thus making me able to deal with people from different parts of the globe.  I can speak and write well in Bahasa and English. About myself, some of my hobbies include drawing, playing basketball and...

Hong Kong and Shanghai Bank Corporation (HSBC) is a global organisation providing one of the most expansive financial services with 8,500 offices spread in 86 countries mainly in Europe, the Asia Pacific region, the Middle East, Africa and America. It provides banking services such as personal, commercial, corporate, institutional, investment and private banking. Its financial statements meet International Financial Reporting Standards (IFRSs) recognised by the E.U. the banks net profit decreased...

Using Information Technology as a Management Control Lever Fraud and information technology are two business phenomena that can be taken uniquely and differently or they can be taken in perfect congruence. Fraud, with all its intents and consequences, can be as potent as its combination with information technology (IT), with all the latters technical usefulness. The combination of fraud and IT may be taken both in sharp contrast as a conspiracy as when IT is utilized to commit fraud or IT can...

The CEO and upper management of a company are extremely important in planning the long run vision of the company and laying the path that will see it grow or fall in the future. As such the decisions taken in the board rooms and the high offices dictate to a great extent whether the business will be profitable or incur losses. Studies have even been conducted that point to a strong correlation between quality of the upper management and strong and sustained profits. Therefore, their role is extremely...

For managing my personal finances, I would like to maintain the following financial statements to enable me to take informed key financial decisions - 1. Financial statement that should be able to summarize all my income and expenses and my net savings for the entire year (or for part of year, if required).  The financial statement should also be able to provide me a list of all my sources of funds (i.e. whether my funds comes from my own income  Capital or whether it comes from borrowing...

Generally Accepted Accounting Principles (G.A.A.P) GAAP are basically accounting rules which are utilized in the preparation, presentation and reporting of an entitys financial statements. It can serve a wide variety of entities which range from privately owned entities to publicly owned enterprises. GAAP includes the accounting framework, local accountancy law and accounting standards. GAAP incorporates some important principles which are key towards efficient financial reporting and are as follows Consistency...

Absorption costing in a modern production environment. In the modern production environment, absorption costing is an accounting method where all fixed and variable costs incurred in production process are absorbed by cost centers. Variable costs in absorption costing also known as marginal costs are incurred or charged during the process of manufacturing and selling of products or services. Fixed costs on the other hand are costs charged direct to income statement. The production process includes...

An efficient market is defined as a market that accurately and fully reflects all available information in the form of prices. This would make it impossible for any investor to consistently generate higher returns than the market average i.e. no investor can beat the market consistently except by luck. Market efficiency can be further explained in the form of 3 types of efficiencies price, operational and allocation efficiency. In case of capital markets efficiency is usually determined by price...

The company that I have chosen for my project is The Tyson Company. The Tyson Company was founded in 1935 in Springdale, Arkansas. It is the second largest food production company according to Fortune 500. It is also a member of SP 500. The company is the market leader when it comes to protein based and prepared food products. It is also the largest processor of beef, pork and chicken. The products of Tyson Company are sold to people in more than 90 countries and throughout the United States. The...

Apple Inc. Liquidity Analysis Apple Inc. has current assets worth  36,265 million and sufficient enough to fulfill its current obligations which stand at  19,282 million.  Apple seems to be in good shape because about 80 of the current assets are cash and short-term investments which can be readily converted into cash unlike inventory and receivables. Other current assets and liabilities have seen an increase in 2009.  The current ratio of Apple Inc. in 2009 was 1.88 and quick...

The underlying paper examines three financial disasters and critically discusses the roles of modern portfolio theory and financial engineering in those disasters. The paper describes modern portfolio theory as a computer program which optimizes the risk and return combinations for an investor. MPT provides two outputs for an investor, namely, efficient frontier (or, the risk-return trade-off) and the portfolio that produces the optimal risk-return combination. MPT requires three inputs to provide...

The underlying paper examines three financial disasters and critically discusses the roles of modern portfolio theory and financial engineering in those disasters. The paper describes modern portfolio theory as a computer program which optimizes the risk and return combinations for an investor. MPT provides two outputs for an investor, namely, efficient frontier (or, the risk-return trade-off) and the portfolio that produces the optimal risk-return combination. MPT requires three inputs to provide...

Financial engineering has been described as the replication of the pay off of  options (as financial instruments who derive their value through an underlying security) through the use of different securities  assets to limit or expand on the downside or upside of the asset itself. However, option pricing theory has a number of assumptions at its heart and options do not hold a symmetrical relationship to their underlying security as a result leading to catastrophic consequences. Black...

Section 1 a) Brightview may increase the efficiency and effectiveness of the management of its stocks by examining the link between its stocks in the companys supply chain operations and activities. As the stock usually sucks up the cash available to a firm while having the stock waiting to get sold, the companies always try to keep stock in hand for the shortest possible time. Stock management is vital for a company because it costs the company to maintain its stocks. These costs may include...