ACCT 3309 EXAM 2 WITH COMPLETE SOLUTIONS 100% VERIFIED!!!
LATEST UPDATE ALREADY GRADED A+
The Whole Picture (To Indicate Financial Health) - (ANSWER)-3 financial statements
-MD&A
-additional stuff you know about the company
-tell whole story instead of reading one sentence
Ranges for Ratios - (ANSWER)-no set range
-each business is unique
-different business models, operating environments, and industry standards
-weigh many metrics together with FS
-compare metrics to past performance and to industry avgs.
Liquidity Ratios - (ANSWER)-tells how flexible and powerful the company is
-does entity have enough liquid resources to cover its obligations?
Profitability Ratios - (ANSWER)-tells us what kind of return the organization brings for its owners
-does entity generate enough of its own funding to make it worth it for them to be in business?
Financing Ratios - (ANSWER)-tells us how the organization is getting resources to operate
-is it generating its own resources, borrowing resources, or selling equity for resources?
Metrics - (ANSWER)-no standard for how they should be calculated
-no set GAAP/rule to determine how to compute them
-weigh many of them together with FS
-compare them to past ones and to industry avgs.
-recalculate them for yourself instead of relying on those provided
-be consistent between companies and over time
, ACCT 3309 EXAM 2 WITH COMPLETE SOLUTIONS 100% VERIFIED!!!
LATEST UPDATE ALREADY GRADED A+
Financial Statements - (ANSWER)-the end result, not the cause of success/failure
-can't measure everything
-can't tell you WHY something is happening
Financial Analysis - (ANSWER)can highlight some of the values and choices companies make
Balanced Scorecard - (ANSWER)-encourages managers to take holistic view on the org.
-Robert Kaplan
-has four sections: financial, customer, internal business processes, and learning and growth
Robert Kaplan's Argument - (ANSWER)businesses should create goals and metrics in FOUR categories,
not just one
Financial Component (Scorecard) - (ANSWER)-financial statements, ratio analysis
-how do we look to our owners?
-are the owners happy with the return they're getting?
Customer Component (Scorecard) - (ANSWER)-market share, cust. acquisition, CSAT, cust. retention,
shares of the customer wallet, response time, convenient access, brand recognition
-how do our customers see us?
Internal Business Processes Component (Scorecard) - (ANSWER)-what must the company get right,
where must we excel to succeed?
-amt. of research done on emerging and future customer prefs.
-% of sales of new products
-new products introduced vs. planned
-% of defects
-time customer must wait for delivery
LATEST UPDATE ALREADY GRADED A+
The Whole Picture (To Indicate Financial Health) - (ANSWER)-3 financial statements
-MD&A
-additional stuff you know about the company
-tell whole story instead of reading one sentence
Ranges for Ratios - (ANSWER)-no set range
-each business is unique
-different business models, operating environments, and industry standards
-weigh many metrics together with FS
-compare metrics to past performance and to industry avgs.
Liquidity Ratios - (ANSWER)-tells how flexible and powerful the company is
-does entity have enough liquid resources to cover its obligations?
Profitability Ratios - (ANSWER)-tells us what kind of return the organization brings for its owners
-does entity generate enough of its own funding to make it worth it for them to be in business?
Financing Ratios - (ANSWER)-tells us how the organization is getting resources to operate
-is it generating its own resources, borrowing resources, or selling equity for resources?
Metrics - (ANSWER)-no standard for how they should be calculated
-no set GAAP/rule to determine how to compute them
-weigh many of them together with FS
-compare them to past ones and to industry avgs.
-recalculate them for yourself instead of relying on those provided
-be consistent between companies and over time
, ACCT 3309 EXAM 2 WITH COMPLETE SOLUTIONS 100% VERIFIED!!!
LATEST UPDATE ALREADY GRADED A+
Financial Statements - (ANSWER)-the end result, not the cause of success/failure
-can't measure everything
-can't tell you WHY something is happening
Financial Analysis - (ANSWER)can highlight some of the values and choices companies make
Balanced Scorecard - (ANSWER)-encourages managers to take holistic view on the org.
-Robert Kaplan
-has four sections: financial, customer, internal business processes, and learning and growth
Robert Kaplan's Argument - (ANSWER)businesses should create goals and metrics in FOUR categories,
not just one
Financial Component (Scorecard) - (ANSWER)-financial statements, ratio analysis
-how do we look to our owners?
-are the owners happy with the return they're getting?
Customer Component (Scorecard) - (ANSWER)-market share, cust. acquisition, CSAT, cust. retention,
shares of the customer wallet, response time, convenient access, brand recognition
-how do our customers see us?
Internal Business Processes Component (Scorecard) - (ANSWER)-what must the company get right,
where must we excel to succeed?
-amt. of research done on emerging and future customer prefs.
-% of sales of new products
-new products introduced vs. planned
-% of defects
-time customer must wait for delivery
