Project Management Software

Often a manager or entrepreneur is faced with the challenge of managing the many details concerned with a project, be it constructing a building or pulling together a financial plan. With fairly simple projects, paper and pencil or a simple spreadsheet might be an adequate tool for coordinating the people and steps involved in a project. But, as the project gets complex, involving, say, EXHIBIT 5.5 Personal financial software check-writing screen. 1Quicken 2000 Deluxe - Qdata - Wrile Checks....

From Glimmer To Action The Process

Perhaps the hardest part of writing any business plan is getting started. Compiling the data, shaping it into an articulate story, and producing the finished product can be a daunting task. The best way to attack a business plan, therefore, is in steps. First, write a four-to-five-page summary of your current vision. This provides a roadmap for you and others to follow as you complete the rest of the plan. Second, start attacking major sections of the plan. Although all of the sections interact...

Nonrecurring Items In The Income Statement

An examination of the income statement, the first step in the search sequence, requires an understanding of the design and content of contemporary income statements. This knowledge will aid in the location and analysis of nonrecurring EXHIBIT 2.3 Efficient search sequence for nonrecurring items. 2 Statement of cash flows operating activities section only. 3 Inventory note, generally assuming that the firm employs the LIFO inventory method. However, even with non-LIFO firms, inventory notes may...

Shortterm Liquidity

In the emergency room the first question is Can this patient survive Similarly, the first issue in analyzing financial statements is Can this company survive Business survival means being able to pay the bills, meet the payroll, and come up with the rent. In other words, is there enough liquidity to provide the cash needed to pay current financial commitments Yes means survival. No means bankruptcy. The urgency of this question is why current assets which are expected to turn into cash within a...

Points To Remember About Financial Statements

When Pat arrived home, she carefully reviewed the projected financial statements, then made notes about what she had learned. 1. The basic form of the balance sheet is Assets Liabilities Owner Equity. 2. Assets are the expenditures made for items, such as Inventory and Equipment, that are needed to operate the business. The Liabilities and Owner Equity reflect the funds that financed the expenditures for the Assets. 3. Balance sheets show the financial position of a business at a given moment...

Contents

PART ONE UNDERSTANDING THE NUMBERS 1 1. Using Financial Statements 3 John Leslie Livingstone 2. Analyzing Business Earnings 35 Eugene E. Comiskey and Charles W. Mulford 3. Cost-Volume-Profit Analysis 102 William C. Lawler 4. Activity-Based Costing 126 William C. Lawler 5. Information Technology and You 149 6. Forecasts and Budgets 173 Robert Halsey 7. Measuring Productivity 199 PART TWO PLANNING AND FORECASTING 223 8. Choosing a Business Form 225 Richard P. Mandel 9. The Business Plan 260...

Using Financial Statements

WHAT ARE FINANCIAL STATEMENTS A CASE STUDY Pat was applying for a bank loan to start her new business, Nutrivite, a retail store selling nutritional supplements, vitamins, and herbal remedies. She described her concept to Kim, a loan officer at the bank. Kim How much money will you need to get started Pat I estimate 80,000 for the beginning inventory, plus 36,000 for store signs, shelves, fixtures, counters, and cash registers, plus 24,000 working capital to cover operating expenses for about...