Convergence, harmonization or whatever the FASB/IFRS merger is currently referred to is now on hold in the U.S. The integration was to have been completed in 2015, and now, as the SEC states, it will not happen in the foreseeable future. What are some the significant differences that has resulted in this current state of affairs? In the long run do you feel these differences can be worked out?Read More | Order Now
Your response should be at least 200 words in length and in APA format.
1. You are the compensation manager for a startup internet company. The CEO wants to know what the best pay level policy is for this organization. Prepare a memo to the CEO explaining the three options the company can choose from and what your recommendation is, and why. Your response should be at least 200 words in length.
2.Explain the similarities and differences that exist among merit pay systems, incentive pay systems, and person-focused pay systems. Of the three of these pay systems, which one would you implement at your company? Explain your choice. Your response should be at least 200 words in length.Read More | Order Now
Develop a powerpoint presentation devoted to the best financial practices for health care. Each presentation should:
- Identify and describe your healthcare organization (e.g. hospital, physician organization, laboratory, other).
- List at least five “Best financial practices” that you believe are important for your healthcare organizations to follow. Base your choice on your reading in this course and research.
- Explain why each of these practices are important for your healthcare organizations given the current policy and regulatory environment.
4. Explain what can go wrong if the practice is not followedRead More | Order Now
ASSIGNMENT TASK – AT&T Inc. Assignment tasks Select a company (AT&T) listed on an internationally recognised and well established Stock Exchange .
Discuss how successful the company has been at delivering value to its shareholders over the past 5 years.
Complete an EVA analysis of your company for the last 5 years. Clearly show your work rather than using final EVA numbers from another source.
Analyse the Total Shareholder Return (TSR) of the company for the past 5 years, including any key events and compare with a similar company or appropriate benchmark. Undertake a current valuation of the equity in this company, using the following methods:
Net Asset Value.
Comparable Ratios (e.g. P/E, P/B, EV/EBITDA). You will need to look at both past results and comparable firms to analyse and justify an appropriate valuation. Note that simply multiplying the current ratio by the recent earnings (or book value or EBITDA) is not sufficient.
Discounted Free Cash Flow. You will need to forecast each component of free cash flow (e.g. Sales, costs, capex, etc.) for at least 5 years of forecast cash flows and estimate a terminal value, and then discount . Make sure to justify all of your assumptions. You can find information to support your forecasts from sources including the MD&A section of the company’s annual report (or its competitors), news stories, industry trade publications and government or think tank studies on the industry. Videos on how to estimate cost of capital and how to forecast free cash flow can be found in Blackboard under the appropriate Unit. Attempt to reconcile any differences in value that you obtain by using these different methods and state (with reasons) what value you think is correct for the company. You must clearly explain all of your assumptions used in the valuations.
Choice of company; Choose a listed company on a major stock exchange (e.g. London, New York, Tokyo, Mumbai) for which you can access the share price data over the past 5 years. Large companies will provide financial data on the websites, often under a section titled ‘investors’. More information on choosing an appropriate company can be found in the formative assessments.
Guidelines The report should include:
a key point summary of your conclusions
graphical illustration, where appropriate
a bibliography of sources of information used and references to texts or other material drawn upon. You should follow Harvard referencing guidelines
detailed tables, extracts or copies of financial information should be placed in the appendices if they are necessary to understand your report. You should only include appendices if you refer to them in the body of the report. You do not need to include the entire financial statements.
You should not embed spreadsheets in the Word document as they will not be seen by the marker. You should only copy those tables which are important for the reader to understand your work. Introduction to the Modul Financial data available includes the Financial Analysis Made Easy database maintained in the School of Management library. Other special reports, for example, Company Focus, are available from the Financial Times Share Service, or brokers’ circulars issued from time to time by the broking arm of numerous finance houses. Data can also be found online from the company websites, yahoo.com, Bloomberg.com and other internet sources.Read More | Order Now
A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.
•Discuss some of the challenges you may face in this new environment. ◦What are the cultural, ethnic, social, and educational characteristics?
•Describe the political and legal systems.
•How much does the government intervene in the private sector? ◦How will that affect your financial institution?
•What type of economic system does it have? ◦What is the history of that economic system?
•How is the country involved in international trade? ◦How does the government get involved in trade issues?
◦Will that help or hurt your financial institution?
•Will your presence in this country be helpful in your attempts to invest in other developing countries?
•Is this country involved in any regional integration efforts? How so?
•Why did you choose this location for your bank?
•As a manager, what would be your overall assessment about whether you want to pursue opening an office there? ◦Are the financial risks worth taking?
◦Will it be beneficial to all of the stakeholders?
In pursuing this, what type of presence do you think would be best suited to your objectives?
•How should the plant be financed?
•Should they hedge foreign exchange or something else? Explain.
•Identify 3 foreign exchange instruments you would recommend?
•What, if any, government regulations that would affect earnings and cash flow should they be aware of?
•Include the need to be aware of inflation and interest rates and how it affects exchange rates.
•Keep in mind that the country that the plant is in does not necessarily have to be where the financing is done.