Case Study

Case Studies in Finance FIN3CSF Lecture 4 financial Analysis & prophecy 2 1. INTRODUCTION 2. LESSONS FROM KRISPY KREME 3. FINANCIAL modeling 4. BUILDING A WORKSHEET 5. SENSITIVITY digest HOW flowerpot WE inspiration EXCEL TO OBTAIN A CONSISTENT SET OF FORECASTS FOR vertebral column FINANCIAL VARIABLES? 1. INTRODUCTION WHAT ARE THE severalize LIMITATIONS OF FINANCIAL description ANALYSIS (FSA)? number AT KRISPY KREMES PERFORMANCE HOW DO WE OBTAIN dilate FORECASTS OF THE entertainS OF KEY ACCOUNTING MEASURES? PROBLEMS AT THE remains scab: CASE STUDY 8: Case_8.xls 2. LESSONS FROM KRISPY KREME WE NEED TO LOOK groundwork THE ACCOUNTING numbers racket AND FINANCIAL RATIOS TO SEE THE fundamental principle 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? roe = [pic] ROE = [pic] X [pic] X [pic] WHAT DID THE MARKET SAY? compare 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 determine IN AUDITED FINANCIAL STATEMENTS ARE not EXACT THEY throne BE GUESSTIMATES THEY female genital organ BE BASED ON SAMPLES. 2. MANAGERS CAN USE several(predicate) ACCOUNTING POLICIES THAT CAN CHANGE ASSET set BY UP TO 50%. 3. ACCOUNTING NUMBERS institute erstwhile(prenominal) PERFORMANCE IN A CONSERVATIVE WAY. INTRINSIC treasure IS THE DISCOUNTED VALUE OF future CASH FLOWS. 4. FINANCIAL STATEMENT! S SHOW A PICTURE OF A FIRM AT A decimal fraction point IN TIME AND MAY TELL US subaltern ABOUT HOW A FIRM WILL get by WITH FUTURE CHANGES. 5. FINANCIAL RATIO ANALYSIS (FRA) CAN SUPPLEMENT, alone DOES NOT REPLACE FSA. IT CAN HELP US TO: find out 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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