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Overview/Description
Understanding the nuances of income statements is critical for business analysts and investors. And of all the components of a balance sheet, nonrecurring items require special attention because of their temporal significance. This Business Impact explores two types of nonrecurring items: Unusual or Infrequent Items and Extraordinary Items.
Target Audience
Any individuals interested in gaining essential business finance knowledge.
Expected Duration (hours)
0.1
Lesson ObjectivesAssessing Nonrecurring Items in Income Statements
Overview/Description
Given the fierce competition for investor capital, it's imperative that companies position themselves as the most profitable and desirable venture available. This Business Impact explores the specific documents and ratios that potential shareholders seek in making investment decisions.
Expected Duration (hours)
0.1
Lesson ObjectivesAttracting New Investors - Keeping Presentations Focused
Overview/Description
Managers, investors, and various other stakeholders use a company's detailed financial information to plan various budgets, investment profiles, and risk measures, among other things. When auditing a company, the auditor's job is to ensure that all the financial information is reasonably accurate as well as provide feedback on areas that seem to have weak internal controls. Auditors are particularly concerned with the cash and inventory accounts, as these can easily be manipulated through fraudulent activities and prone to material misstatements. Cash is especially at...
Overview/Description
Strong corporate governance is a feature shared by some of the world's most highly reputable and successful companies. It is a set of processes, behaviors, and rules used to ensure that company employees act in the best interest of the company's stakeholders. An important aspect of good corporate governance is the company's ability to establish strong internal controls and risk management processes to meet stated objectives. Internal and external auditors provide opinions on the ability of these systems to manage various risks inherent in the company's business. In this...
Overview/Description
Modern corporations often operate in a global context and are required to collect volumes of information to be used for future decisions or to be included as part of the organization's financial statements. The systems and processes used to capture, manipulate, and communicate this information must be dependable, accurate, and safe. Auditors are required to provide reasonable assurance that the information flow within these systems and processes is not fictitious, but represents true economic transactions, is as complete and accurate as possible, is accounted for at the...
Overview/Description
Accounting and finance are the universal languages of business, and their functions form the core of most organizations. The accounting function sets up the bookkeeping system, monitors it, prepares and presents the financial statements to management, and interprets them as needed. Bookkeeping is a part of the accounting function and involves the mechanical aspect of recording, classifying, and summarizing transactions in account books and posting them to respective financial statements. Apart from the statutory importance, accounting data is very critical to any...
Overview/Description
Strategic planning provides an understanding of where the organization currently stands and what direction it hopes to take in the future. Human Resources professionals need to understand and become partners in the strategic planning process to ensure alignment between their department's functions and organizational strategy. This course explains the strategic planning process and the role of the human resource function in this process. Key strategic decisions during life cycle stages of an organization and how a cost-benefit analysis can help in making those decisions...
Overview/Description
This course examines many of the key functions and roles HR professionals play in an organization. Key management functions for HR managers, similar to business managers in other functional areas, include planning, organizing, directing, and controlling various strategic and operational activities in their area. HR professionals play an important role in developing and executing strategies for managing organizational change. HR professionals also establish strategic relationships with key individuals within and outside the organization to facilitate organizational...
Overview/Description
This course examines many of the elements of an organization's corporate strategy, the role of the HR function in the strategic planning process, and the key elements in corporate governance. The course focuses on the vital contributions HR professionals often make in the development and organization-wide communication of the mission, vision, values, strategic goals, and objectives. The course will also look at current business and regulatory environments, and how a working knowledge of those areas allows HR professionals to be key contributors in the development,...
Overview/Description
No organization can claim to have an infinite amount of capital for funding projects. Capital rationing is a fact of organizational life that often requires decision makers to make difficult choices between promising investments. In deciding which projects to accept or reject, an organization must not only perform a quantitative assessment to choose the most profitable projects, but also assess a variety of qualitative factors to analyze the impact and feasibility of each project. Quantitative assessment leads to sound capital allocation based on projected cash flows,...