Fmi1 Rani C2C019008
Fmi1 Rani C2C019008
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2.1 Financial Statements and Report
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The balance sheet / The income The statement of The statement of cash
Neraca keuangan statement / laporan stockholders equity flows/ laporan arus kas
laba rugi
four basic
financial
statements
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1. The balance sheet /
Neraca keuangan
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Sudut pandang :
• Accounting, angka
tersebut merupakan
harta real perusahaan
• Financial Manager
angka tersebut dapat
dijadikan
dedicated indicator
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Sudut pandang :
• Accounting, angka
tersebut merupakan
harta real perusahaan
• Financial Manager
angka tersebut dapat
dijadikan
dedicated indicator
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Modifying Accounting Data For Managerial Decisions CALCULATING FREE CASH
Nilai operasi tergantung pada semua arus kas bebas yang FLOW
diharapkan di masa depan (CFF)
Cara bagi manajer untuk membuat perusahaan mereka
lebih berharga adalah untuk meningkatkan arus kas bebas
sekarang dan di masa depan.
1. Net Operating
Profit After Taxes
(NOPAT)
Pengukuran yang lebih baik untuk membandingkan kinerja
manajer adalah laba operasional bersih setelah pajak, atau
NOPAT.
Sample Net
Operating Profit After
Taxes (NOPAT)
2. Net Operating
Working Capital
(NOWC)
The short-term assets normally used in a company’s
operating activities are called operating current assets.
Not all current assets are operating current assets.
Therefore, short-term investments are nonoperating
assets and normally are excluded when calculating
operating current assets.
NOWC as …
4. Net Investment in
Operating Capital
Seperti yang telah dihitung sebelumnya,
MicroDrive memiliki $1.455.000.000 dari
Total modal operasi bersih pada akhir 2009
dan $1.800.000.000 pada akhir 2010. Oleh
karena itu, selama 2010, itu membuat
investasi bersih
Presentation di ibukota
name goes here operasi
Modifying Accounting Data For
Managerial Decisions
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5. Calculating Free
Cash Flow
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Market Value Added Replace this overlay with your picture and set transparency to 80%
Economic Value
Added (EVA)
EVA mengukur efektifitas kinerja
manajerial pada suatu periode tertentu
(satu tahun). EVA merupakan indikator
ada atau tidaknya pertambahan nilai dari
investasi yang dilakukan
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• The total assets turnover ratio : Measure efficiency of total assets for the company
as a whole or for a division of the firm
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3.4 Debt management ratio:
• Financial leverages, has 3 important implication :
• Maintain control of a firm
• Return are magnified also the risk
• Higher the proportion of funding supplied by stockholder, the less risk creditor face.
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3.5 Profitability ratios:
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3.6 Market Value Ratios:
Relate a firm stock price to earning, cash flow, and book value per share.
• Price earning ratio ; how much investor are willing to pay of reported profit.
• Price/Cash flow ratio
• Market/Book Ratio
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3.7 Trend analysis, common size analysis and percentage
change analysis:
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3.8 The Du Pont Equation:
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3.9 Comparative ratio and Benchmarking:
• Comparative ratios; are compared with those other firm in the same
industry
• Benchmarking; Compare ratios to with smaller set of leading companies
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3.10 Uses and limitation of Ratio Analysis:
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TERIMAKASIH