MBA / Accountants

[Benny]

any of you fall into the above catergories?

[Gone_Away]

At the risk of extreme embarrasment and ridicule..

I'm an accountant looking for work I might also add..

[Doorman]

Hahahaha nyah nyah na na nyah. He's an accountant!  :rofl:  :rofl:

[Tutonic]

GET HIM!

[Benny]

ok....I gotta do a report on my companies financial status.
any tips appreciated.

I've got the balance sheet, plus cash flow. I know how to do a few of the ratios, but any general advice would be appreciated.

[OldBloke]

They're only gonna read the executive summary so concentrate on that  :wink:

[DarkAngel]

no comment  :roll:

[sheepy]

MBA??

miss black america? [btw its a band that my sister likes]

[smilodon]

MBA = Master of Business Administration

Oldie is right most people read the executive summary and that's it.

You'll need to do:-

A profic and loss account
A statement of total recognised gains and losses
A balance sheet
A cash flow statement
Various reports by senoir management
and the executive summary which is a summary of all of the above.

This would be what you would have to do if you were going to produce a published financial statement as required by the Companies Act 1989. You bosses are obligated to make sure this is completed by someone who is competent to do it. If you're not sure how to complete one then the company shouldn't be asking in the first place. They should hire an accountant.

If you're doing it for some other reason then the above should still cover what you need to do. I don't envy you one bit. Good Luck.

[albert]

Just get a hold of their annual report for the last tax year mate, it should be kicking around somewhere, as HR or your manager. That will save you all the maths and accountancy hassle.  

[Gone_Away]

ok....I gotta do a report on my companies financial status.
any tips appreciated.

I've got the balance sheet, plus cash flow. I know how to do a few of the ratios, but any general advice would be appreciated.

Who is the report for?

Things to consider:

1. Industry - How are your competitors doing. Just because your company is doing pants may not indicate how the whole industry is doing (vise-versa!).

2. Look at the debt to equity ratio and inventory turns ratios. If the company has a significant portion of debt it's not a good thing when times get lean. Lower D to E ratio is good. Inventory turns indicate the number of times a year your inventory will come in and be produced into finished goods and then be sold on. Higher numbers in your ration are better. - If possible look at the balance sheet of the competition.

3. Investments and budgets - What portion of the company's budget is set asside for Research and Development (R&D)? Is that in line with the competition? If they invest more than the Competition into R&D that's a good thing. Less is a not so good thing.

4. Also, some companies invest a lot of time and money into servicing just one Customer/Client. Micro$oft has ruined many a company this way. Customer/Industry Diversification is a good sign that the company is healthy.

(last one otherwise I'll have to send you a bill)

5. How quick is the company to react to industry changes / downturns? This can be an indicating factor as to how will run the company is. If they react too quickly, it's not necessarily good. Reacting too slowly can kill off any medium sized company in a hurry.

[Benny]

Thanks gents.
Basically I'm doing an MBA, as part of this module have to do a company report, internal external environmental analysis, PEST and all that crap. Had to do an overview of the financial status as well.

Thanks again....