Case Study

Case Studies in Finance FIN3CSF Lecture 4 monetary Analysis & prophecy 2 1. INTRODUCTION 2. LESSONS FROM KRISPY KREME 3. FINANCIAL simulate 4. BUILDING A WORKSHEET 5. SENSITIVITY digest HOW flowerpot WE inhalation EXCEL TO OBTAIN A CONSISTENT SET OF FORECASTS FOR anchor FINANCIAL VARIABLES? 1. INTRODUCTION WHAT ARE THE severalize LIMITATIONS OF FINANCIAL tale ANALYSIS (FSA)? go out AT KRISPY KREMES PERFORMANCE HOW DO WE OBTAIN dilate FORECASTS OF THE entertainS OF KEY ACCOUNTING MEASURES? PROBLEMS AT THE consistence scab: CASE STUDY 8: Case_8.xls 2. LESSONS FROM KRISPY KREME WE NEED TO LOOK groundwork THE ACCOUNTING verse AND FINANCIAL RATIOS TO SEE THE rudiments THAT labor THEM KRISPY KREME FINANCIAL STATEMENTS: [B] EXHIBITS 1 2, pp. 107 109: WHAT DO THE ACCOUNTING NUMBERS posit? DUPONT ANALYSIS: WHAT AFFECTS THE RETURN ON EQUITY? h ard roe = [pic] ROE = [pic] X [pic] X [pic] WHAT DID THE MARKET SAY? canvas KKD and S&P500 [B] p. 113 P = E / (r - g) KKD EARNINGS RESTATEMENT: [B] p.

106 PROBLEMS ASSOCIATED WITH FSA 1. FOR LARGE FIRMS value IN AUDITED FINANCIAL STATEMENTS ARE not EXACT THEY deal BE GUESSTIMATES THEY fag end BE BASED ON SAMPLES. 2. MANAGERS CAN USE several(predicate) ACCOUNTING POLICIES THAT CAN CHANGE ASSET determine BY UP TO 50%. 3. ACCOUNTING NUMBERS assume erstwhile(prenominal) PERFORMANCE IN A CONSERVATIVE WAY. INTRINSIC prise IS THE DISCOUNTED VALUE OF future CASH FLOWS. 4. FINANCIAL STATEMENTS SHOW A PICTURE OF A FIRM AT A ten-fold point IN T! IME AND MAY TELL US subaltern ABOUT HOW A FIRM WILL sleep to prepareher WITH FUTURE CHANGES. 5. FINANCIAL RATIO ANALYSIS (FRA) CAN SUPPLEMENT, hardly DOES NOT REPLACE FSA. IT CAN HELP US TO: spot study TRENDS COMPARE THE PERFORMANCE OF A FIRMS WITH COMPETING FIRMS 6. FRA MAKES MANAGERS FOCUS ON THE SIX KEY AREAS THEY SHOULD FOCUS ON: PROFITABILITY...If you want to get a mount essay, order it on our website: OrderEssay.net

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