Professional Documents
Culture Documents
financial management : It is the process of the typical firm. It looks at the financial manager, the field of finance, financial decisions and their implications, and the daily questions faced by the firms financial management.
NOT
Profit maximization, which does not consider the time value of money
Aims
This module builds on the materials covered in Principles of Financial Reporting and aims to provide with a full understanding of the current issues relating to financial reporting for international entities with complex organizational structures.
Learning Objectives
understand and critically assess the different approaches to income and asset value measurement, and to accounting for changing prices; understand and critically assess the regulatory framework for financial accounting; prepare and understand accounting for the following transactions; Share capital, distributable profits and reduction of capital Off balance sheet finance Financial instruments Employee benefits Taxation in company accounts Property, plant and equipment Leasing R&D; goodwill; intangible assets and brands Inventories Construction contracts foreign exchange transactions understand, apply, and critically assess the calculation of earnings per share understand and critically assess the increasing scope of financial reporting as reflected in environmental and social responsibility accounting. Introduce advanced theories and practices used in financial management. Introduce the professional finance literature. Develop abilities to analyze financial decisions and to communicate the results.
1. The User-Owner Principle: Those who own and finance the cooperative are those who use the cooperative. 2. The User-Control Principle: Those who control the cooperative are those who use the cooperative. 3. The User-Benefits Principle: The cooperative's sole purpose is to provide and distribute benefits to its users on the basis of their use.
REFORMS IN FINANCIALSECTORS
Clearing and settlement cycle =T+2 Qualified institutional buyers (QIBs) have prohibited from withdrawing their bids after the closure of bidding. SEBI introduced additional criteria of net tangible assets, minimum number of allottees in public issue and profitability. Mutual Funds permitted to make investments in foreign debt securities including government securities Mutual Funds required to disclose the portfolios on their web sites in the prescribed format before the expiry of one month from close of each half-year unique client code Withdrawal of restriction on short sales underwriting made mandatory
CONCLUSIONS
The issues are due to changes in economic, social and political environment World Economic system is undergoing massive changes Managers have undertake SWOT analysis and evolve strategies to suit the situation The age of discontinuity has started
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