What did the company mention as Events after the reporting period? Did the company change its accounting policy during the period covered by its financial statements?

Advanced Financial Reporting

Did the company change its accounting policy during the period covered by its financial statements?

Did the company correct an accounting error during the period covered by its financial statements? If yes,include details.

What did the company mention as Events after the reporting period?

What are the areas the company recognised provisions for?

What are the areas the company disclosed as its contingent liabilities?

Did the company disclose any contingent assets? If yes, include details.

Did the company acquire a new subsidiary in the period covered by its financial statements? If yes,  include the names of subsidiaries acquired (or, if this is not explicitly stated, the number of subsidiaries acquired) and describe what the company discloses about these acquisitions.

How would ROE equity change if the company were to employ more financial leverage. Is this always wise? What else do you expect would change if the company increase its ROE?What would be a disadvantage if sales were denominated in USD, but costs were denominated in Japanese Yen?

1) Create a sensitivity analysis, a scenario analysis or a Monte Carlo Simulation for the capital budgeting project. Plot the results. What do you notice?

2) Is wealth being generated by the company with this project over a period of 5 years (Hint: calculate the NPV using equal cash flows for years 1 – 4 (same sales and costs for 4 years) and adjusting the final cash flow with the change in NOWC)?

3)How would you improve the outcome, looking at either scenario analysis or sensitivity analysis (Hint: changing the most sensitive driver only a little bit will still have a big impact).

4) How does changing the weighted average cost of capital influence results? Does the company have any control over its WACC?

5) Create a forecast based on the current income statement under the assumption, that next years sales will change, that management is able to reduce fixed costs and that the company is able to reduce its asset base. What would be the effect on its ROE?

6) How would ROE equity change if the company were to employ more financial leverage. Is this always wise? What else do you expect would change if the company increase its ROE?

Cash Budget
7) Create an intra-year cash budget with the information above. Does the company need to borrow funds throughout the year? What happens to the cash budget if the company decreases its DSO, e.g. improve its cash collection proces?

8) Solely looking at the cash budget, does the company have enough cash in your opinion to pay a dividend in July?  briefly explain your answer.

General Questions
9) What could the company do to reduce variability in results (Hint: for example, think about operational leverage)?

10) What would be a disadvantage if sales were denominated in USD, but costs were denominated in Japanese Yen?

Describe what makes you an outstanding applicant and describe your potential to contribute to all aspects of the course.

Statement of purpose

Tell us why you are interested in the MSc Finance course at Abc and how the course will impact on your future
Describe what makes you an outstanding applicant and describe your potential to contribute to all aspects of the course.

What are some non-monetary statistics—besides labor hours and patient volume—that have a direct effect on the financial management of a health care organization?Are there statistics that do not translate into a monetary effect?

Week 5 Discussion

Write a 175- to 265-word response to the following:

What are some non-monetary statistics—besides labor hours and patient volume—that have a direct effect on the financial management of a health care organization?Are there statistics that do not translate into a monetary effect?

Using the module resources and one outside scholarly resource, discuss how participants would interact to facilitate capital market activities.For example, when there is a Federal Reserve action that affects interest rates, how might the various participants interact with a company going through an acquisition?

Participants in Capital Markets

In two-three paragraphs In the equities capital markets, participants play key roles to support primary and secondary capital markets. Participants include investors, speculators, market makers, underwriters, and brokers.

Using the module resources and one outside scholarly resource, discuss how participants would interact to facilitate capital market activities.For example, when there is a Federal Reserve action that affects interest rates, how might the various participants interact with a company going through an acquisition? Resources below. http://www.otcmarkets.com/home https://www.sec.gov/edgar/searchedgar/companysearch.html

How would the board’s increased involvement in the selection of strategies affect a firm’s strategic competitiveness?What evidence would you offer to support their position?

Discussion paper

Top executives and members of a corporation’s board of directors have different roles and responsibilities. Traditionally, executives have been responsible for determining the firm’s strategic direction and implementing strategies to achieve it, whereas the board of directors has been responsible for monitoring and controlling managerial decisions and actions. Some argue that boards should become more involved with the formulation of a firm’s strategies.

How would the board’s increased involvement in the selection of strategies affect a firm’s strategic competitiveness?

What evidence would you offer to support their position?

Think about the Fortune 500 company you will be making recommendations for in the final project. As the CFO of the company, would you recommend the issuance of equities to raise capital? Explain why or why not.

Raising Capital Through Equities

In this journal assignment, you will be asked to explain how a company raises capital through the issuance of equities. Journal assignments in this course are private between you and the instructor.

There are many approaches a corporation or company can use to raise capital. Based on the resources for this module, explain how a company can

raise capital through the issuance of equities. Include the advantages and disadvantages of the methodology.

Think about the Fortune 500 company you will be making recommendations for in the final project. As the CFO of the company, would you recommend the issuance of equities to raise capital? Explain why or why not.

Using the module resources and one outside scholarly resource, discuss how participants would interact to facilitate capital market activities. For example, when there is a Federal Reserve action that affects interest rates, how might the various participants interact with a company going through an acquisition?

Participants in Capital Markets

In two-three paragraphs

In the equities capital markets, participants play key roles to support primary and secondary capital markets. Participants include investors, speculators, market makers, underwriters, and brokers.

Using the module resources and one outside scholarly resource, discuss how participants would interact to facilitate capital market activities. For example, when there is a Federal Reserve action that affects interest rates, how might the various participants interact with a company going through an acquisition?

Resources below.

http://www.otcmarkets.com/home

https://www.sec.gov/edgar/searchedgar/companysearch.html

The current corporate tax rate in the U.S. is 21%. There are tax increases in the works for 2021. The Biden administration proposed to raise the corporate tax rate from 21% to 28%. If the proposal is approved, how does that affect the WACC and the NPV?

Calculation of net present value and writing

Name two assumptions you implicitly make when you apply the WACC method to evaluate the project for your company. Recall the WACC method can only produce creditable results when certain assumptions hold. (You can find hints from Lecture Note 11.) Discuss whether these two assumptions are likely to hold for the project you choose.
The choice of risk‐free rate. We used the 5‐year U.S. Treasury yield as our risk‐free rate. Explain why this choice is reasonable or not.

You can find hints from the PPT ‐ Implementing CAPM of Lecture 10.
Cost of debt estimation. For a company without credit ratings, two methods are introduced to estimate its cost of debt (see the instruction 2.a.i above)

Use the debt beta of 0.31, the debt beta for CCC rated firms in Table 12.3, and apply the CAPM to estimate its cost of debt.

Use the weighted average of interest rates for its bank loans as a proxy for its cost of debt.

If the company does have a credit quality lower than the CCC rated firms, does your estimate based on method 1 overestimate or underestimate your company’s true cost of debt? Does your estimate based on method 2 overestimate or underestimate your company’s true cost of debt? Explain why? Recall that the cost of debt is the expected return required a firm’s creditors.

Cost of debt estimation. For a company that has bonds outstanding, based on its coupon payments, remaining maturity, and current price, we can estimate its yield to maturity (YTM). Does the YTM overestimate or underestimate your company’s true cost of debt? You can find hints from Lecture Note 4.

Equity beta.Is your company’s equity beta larger than 1 or smaller than 1? What does it tell you? Give your intuitive explanations. You can find hints from Lecture Note 9 ‐ Risk and Return ‐ Part II and the slides 6 and 7 in Lecture Note 10.

The current corporate tax rate in the U.S. is 21%. There are tax increases in the works for 2021. The Biden administration proposed to raise the corporate tax rate from 21% to 28%. If the proposal is approved, how does that affect the WACC and the NPV?

Have you included and Referenced the strategy, mission and Vision?Have you analysed the last 3 years of Balance sheet?

Strategic financial planning

Have you inserted the headersheet?
Have you inserted the company name?
Have you written an introduction?
Have you included and Referenced the strategy, mission and Vision?
Have you done and Referenced SWOT, PEST?
Have you analysed the last 3 years of P&L?
Have you done and Referenced the P&L ratios?
Have you analysed the last 3 years of Balance sheet?
Have you done and Referenced the Balance sheet?
Have you done the:
Investment proposal,
Impact on the company,
costs and benefits,
Break even,
ROI
Have you references using Harvard style?