Strategic and Tactical Decision Making

You are employed in a large accounting firm which specialises in preparing general purpose financial reports for large companies that are listed on the Australian Securities Exchange (ASX). As the training manager, one of your key tasks is to prepare a regular newsletter for staff involved in the preparation of the above financial reports. The purpose of the newsletter is to keep staff updated on the latest financial reporting news, alerting staff of changes and developments that may impact their work, and provide enough information to staff to satisfy the following: For staff to understand the nature of the news / change / development and its potential impact (so staff can decide whether they need to investigate further given the nature of their own work); Provide directions to staff of where they can access further information on the news / change / development if they wish to (including website links where appropriate). Required: Prepare a 2 page newsletter that identifies and…

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Class book:  Fundamentals of Corporate Finance by Brealey, Myers, and Marcus Financial Managers - Explain the difference between the CFO's responsibilities and the treasurer's and controller's responsibilities.

John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the financial impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data in automatically produced reports. He has…

Avatar Financials, Inc., located on Madison Avenue, New York City, is a company that provides financial advice to individuals and small to mid-sized businesses.Its primary operations are in wealth management and financial advice. Each client has an account where basic personal information is stored on a server within the main office in New York City. The company also keeps the information about the amount of investment of each client on a separate server at their data center in Bethlehem, Pennsylvania. This information includes the total value of the portfolio, type of investments made, the income structure of each client, and associated tax liabilities.In the last few years, larger commercial banks have started providing such services and are competing for the same set of customers. Avatar, which prides itself in personal consumer relations, is now trying to set up additional services to keep its current customers. It has recently upgraded its Web site, which formerly only allowed…

Todd Johnson is the vice president of Finance for Boz Zeppelin Industries, Inc. At a recent finance meeting, Todd made the following statement: “The managers of a company should use the same information as the shareholders of the firm. When managers use the same information to guide their internal operations as shareholders use in evaluating their investments, the managers will be aligned with the stockholders’ profit objectives.” Prepare a one-half page memo to Todd discussing any concerns you might have with his statement.

Subject :- Accounting

2. Finance in an organization Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks. The CFO is not responsible for which of the following departments? Check all that apply. O Accounting O Administration O Human resources O Marketing Credit The Sarbanes-Oxley Act, passed by Congress in 2002, requires CEOS and CFOS to certify that the firm's: O financial statements are accurate O balance sheet includes forecasted information O financial statements are unbiased toward analyst expectations O financial statements are audited

1. Anna Financial Services Inc., located in Araneta Center, Cubao City, is a company that provides financial advice to individuals and small to mid-sized businesses. Its primary operations are in wealth management and financial advice. Each client has an account where basic personal information is stored on a server within the main office in Cubao City. The company also keeps the information about the amount of investment of each client on a separate server at its data center in Ayala, Makati City. This information includes the total value of the portfolio, type of investments made, the income structure of each client, and associated tax liabilities. In the last few years, larger commercial banks have started providing such services and are competing for the same set of customers. Anna, which prides itself in personal consumer relations, is now trying to set up additional services to keep its current customers. It has recently upgraded its Website, which formerly only allowed clients…

Prepare an explanatory memorandum about financial performance and record keeping requirements. The operations manager of Metharom Construction has asked you to prepare an explanatory memorandum for the accounting staff. They have requested that you include the following information: A) a description of a minimum of 5 financial records that the company must maintain B) any three factors while selecting software that could assist with finance management for small business C) list any 5 regulatory requirement for lodgement and payment of statutory obligations D) a set of policies to for Debt recovery procedures (minimum 3) E) explain how financial performance will be monitored (include a minimum of 2 key performance indicators) F) set of minimum 6 written financial procedures for Metharom which will help in financial health check for stakeholders G)This document must then be sent electronically to the Operations Manager (your assessor) as well as submitted in hard copy.

Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong. Decision Corporate Finance Capital Markets Investments Ethan must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.         Radford works for an investment bank and makes decisions about the sale of new common stock by ABCL Inc.         Aakash works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Aakash must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.

Corporate finance is concerned with the different aspects of a business’s financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks.   The CFO is not responsible for which of the following departments? Check all that apply.   Treasury   Investor relations   Research and development   Accounting   Legal issues     The Sarbanes–Oxley Act, passed by Congress in 2002, requires CEOs and CFOs to certify that the firm’s:   balance sheet includes forecasted information   financial statements are unbiased toward analyst expectations   financial statements are accurate   financial statements are audited

Assume that the club treasurer of one such organization is in charge of all financial matters, including collecting and depositing member dues, paying vendor invoices, and preparing yearly reports. Do you think that assigning only one person to this job is a good idea? Why or why not?

The Directors of Aspen PLC have recently appointed your audit firm to act as their external auditor. Aspen PLC is a FTSE-250 fast growth company specialising in cloud computing solutions. As part of the audit services, you have been requested by the Directors of Aspen PLC to undertake the following services:▪ the external audit of the company’s annual financial statement▪ taxation services; and ▪ consultancy services relating to the trialling and implementation of a new, stateof-the-art information technology systemYour audit firm has not worked for Aspen PLC before but does act as auditor for its biggest rival, another FTSE-250 company Priory Mason PLC. Required: (a) Identify and explain the professional and ethical issues that your firm should consider with regards to the services requested by Aspen PLC, stated above. What safeguards should be implemented to address these issues?  (b) Critically discuss the five key principles of ethics.  (c) An auditor must never disclose a…

Loblaw Companies Limited is one of the largest and most recognized brands in Canada. From SEDAR or the company website, access the most recent year-end financial statements and annual report, and identify a stakeholder in the financial reporting environment.  Describe your chosen stakeholder group, their composition, and their interests with respect to Loblaw. Review some of the company stakeholders as described by one of your peers and reflect either on the impact of accounting on their interests, or, conversely, the impact of these stakeholders on accounting.

Respite Company has contracted you to develop a chart of accounts for their company. Their company consists of the following associates: Board of Directors CEO, CFO, COO VP of Human Resources, VP of Manufacturing, VP Sales & Marketing, VP of Research and Development Manager - Human Resources Manager - Manufacturing Manager - Sales Manager - Marketing Manager - Finance Manager - Treasury   Develop a chart of accounts with reporting structure. Discuss how some of these roles may share responsibilities and resources.