Entrance for Studies in Finance Gooblog Edition
blog for business studies
http://blog.goo.ne.jp/fu12345
 



Philip Ramsden, Teach Yourself: Finance for Non Financial Managers:Hodder Headline, 1996

prepayment/accrual

gearing

invoice(送り状)

historic cost ➡ worth now

stock accounting three valid method

1)FIFO first in first out

2)LILO   last in last out

3)average cost

gross profit

overheads: staff cost, depreciation and indirect cost

indirect cost: stationary, equipment hire, legal fees, bank charges

depreciation

the straight line method

the reducing balance method

the bottton line: the final profit

PBIT: the manager may prefer PBIT

goodwill: the diference the pays to acuire another company and the book value of assets of the purchased company

current assets: cash trade debtors, prepayment, stocks(=inventory) 

current liablities: trade creditors 

working capital : current assets - curent liabilites

equity: what is owed to the shareholders or owners of th eorganization

 capital: initial and subsequent ibvestments by the owners, retained profit ,  revaluation reserve,

preferce share(a hybrid fo equity and debt) 

current ratio= current assets/current alibbilities

quick ratio=(current assets- stocks)/curent liabilities

debtor days= (debtors/sales inthe year) × 365 ➡ the lower the better

stock turnover=cost of goods sold/stock

gearing=loans/(loans+equity capial)

interest cover=(PBIT)/interest charged ➡ the higher the better

users of financial information: stakeholders: competitors, customers, customer(long term viability of their supplier), employee, bankers, suppliers and creitd agencies, investment brokers, city analysts, financial press

other sources; trade exibitions, trade associations, visit the company, customers and suppliers, the media nonfinancial news

direct costs: the prime cost:those associated with the making the product

indirects cost: supervisors, inspectors, testers, heating and lighting, sales and marketing, addministration  

variable cost 

fixed cost

marginal cot: viable costs divided by the putput

full cost full costing, absorption costing

break even analysis

 

 

 

 

 

 



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