Managing Finance 4th Ed.

Managing Resources for the Market — Block 6

The Open University

Publisher: The Open University, 1998, 148 pages

ISBN: 0-7492-9265-2

Keywords: Finance, MBA

Last modified: Jan. 25, 2014, 4:10 p.m.

Open University Business School Diploma B752 Managing Resources for the Market

  • Session 1 Financial Statements
    • 1.1 Accounting Statements and Reports
      • Financial reporting requirements
        • The profit and loss statement
        • The balance sheet
        • The cash flow statement
    • 1.2 Accounting Concepts
    • 1.3 Interpreting Accounting Information
  • Session 2 Accounting Systems
    • 2.1 Accounting Objectives
    • 2.2 Requirements of Accounting Information Systems
    • 2.3 Developments in Computing
      • Information as a resource
      • Perceptions of information systems practices
    • 2.4 Decision Support Systems
  • Session 3 Working Capital Management
    • 3.1 Cash Management
    • 3.2 Cash Cycles
    • 3.3 Working Capital Management
    • 3.4 The Management of Current Assets
      • Stock control
      • Debtor control
    • 3.5 The Management of Current Liabilities
  • Session 4 Budgeting
    • Introduction
      • Providing a framework for planning
      • Resource allocation
      • Financial monitoring and control
      • Accountability
      • Motivation
      • Performance management
    • 4.1 Planning and Forecasting
      • The budget as a forecasting model
    • 4.2 The Budget as a Means of Allocation of Financial Resources
      • The master budget
      • Time horizon
      • The limiting factor
      • Flexible budgeting
    • 4.3 The Budget as a Measure of Performance
    • 4.4 Standard Costing
      • What is a standard cost?
      • Types of standards
    • 4.5 Accountability and Control
    • 4.6 Motivation
      • Budget games
  • Session 5 Performance Measurement
    • 5.1 Interpreting Financial Information
      • Slecting management ratios
    • 5.2 Standards of Comparison
      • Internal comparision
      • External comparisions
    • 5.3 Investment Ratios
      • Earnings per share (EPS)
      • Price/earnings (P/E) ratio
      • Dividend yield
      • Dividend cover
    • 5.4 Determining Organizational Performance
    • 5.5 Divisional Performance Measurement
      • Problems with ROI
    • 5.6 Value For Money
      • Measurement
      • Objectives
      • Implications of a VFM approach
        • Vision
        • Strategy
        • Structure
        • Systems
        • Style
      • Skills and staffing
    • 5.7 Financial Performance in Service Industries
    • 5.8 Financial Performance in the Public and Voluntary Sectors
  • Session 6 Decision Making
    • 6.1 The Decision-making Process
      • Planning and operating information
      • Management accounts and operating statements
    • 6.2 Strategic Decision Making
    • 6.3 Managing Competitive Advantage
    • 6.4 Using Cost Data in Decision Making
      • Relevant and irrelevant costs
      • How to find the contribution
      • Break-even point
      • Dropping a product line
      • Make or buy decision
      • Opportunity costs
      • Using scarce resources
      • Pricing goods and services
      • Activity-based costing
    • 6.5 Behavioural Factors in Decision Making
      • Individual factors
  • Session 7 Techniques of Capital Investment Appraisal
    • 7.1 Capital Investment Appraisal
    • 7.2 Appraisal Methods
      • Payback period
      • Accounting rate of return (ARR)
      • Time value of money
      • Discounted cash flows (DCF)
      • Net present value (NPV)
      • Difficulties using NPV
      • Internal rate of return (IRR)
    • 7.3 Practical Considerations
      • Inflation
      • Taxation
      • Capital investment in practice
      • Surveys of investment appraisal practices by UK companies
      • The use of non-financial measures and the political process
      • Case study
  • Appendix A Discount and Annuity Tables
  • Appendix B Block 6 Computing Disk Answers
    • Introduction to spreadsheets
    • Discounting approaches to investment appraisal
    • Discount table: Present valuer of £100
    • Net present value (NPV)
    • Net present value analysis (using discount tables)
    • Net present value analysis (using mathematical approach)
    • Spreadsheet exercise
      • Electric Wet-Shave Project
    • Spreadsheet 1
    • Spreadsheet 2
    • Spreadsheet 3
    • Spreadsheet 4
  • Appendix C Ratio Analysis
    • Accounting ratios
      • Return on capital
      • Asset utilization ratio
      • Return on sales ratio
    • Summary of other key ratios
      • Creditors' turnover
      • Current ratio
      • Debtors' turnover
      • Dividend yield
      • Dividend cover
      • Earnings per share
      • Price/earnings ratio
      • Quick ratio
      • Stock turnover
  • Appendix D The Changing face of Accountancy
  • Appendix E Is There a ‘Correct’ Method of Investment Appraisal?
    • Accounting rate of return
    • Payback
    • Discounting techniques — net present value
    • Discounting techniques — internal rate of return
      • Calculation is complex
      • There may be multiple IRRs
      • IRR is inappropriate if projects are mutually exclusive
    • Discussion of techniques
    • Conclusion

Reviews

Managing Finance

Reviewed by Roland Buresund

Decent ****** (6 out of 10)

Last modified: May 21, 2007, 3:12 a.m.

MBA material, what do you expect?

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