Controlling at Hochschule Pforzheim | Flashcards & Summaries

Lernmaterialien für Controlling an der Hochschule Pforzheim

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What does the Net Present Value represent?

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compares an investment's initial cash outflow with the present value of its future net cash inflows. The higher the NPV the higher is the profit created by the investment and therefore the return on the invested capital.

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What is the Internal Rate of Return?


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is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

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Explain the purpose of liquidity ratios


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Ability to meet shortterm, immediate obligations.

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What is the purpose of performing an investment appraisal?

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Evaluation of investment alternatives 

A means of assessing whether an investment project is worthwhile or not  

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Explain the purpose of efficiency ratios

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Measures the effectiveness in putting its asset investment to use

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What is the relation between Strategic Management and Management Accounting?


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Strategic Management means making companies able to compete is the purpose of strategic management. 

Management accounting means the provision of financial and non-financial decision-making information to managers. 


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What is the purpose of a financial statement analysis? Give one example.


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• Evaluate the performance of your company! 

• Draw together and integrate information as a base for management decisions. 

• Established method employed by stock markets, investment firms, banks, investors, and shareholders.


Example: Transferring raw data from financial statements (balance sheet, income statement, cash flow statement) into information that will help manage a business  

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What is an investment?

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It is a series of cash flows - current cash outflows are aimed at creating cash inflows in the future. Cash inflows should exceed cash outflows.

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Name the three steps in the Strategic Management process.

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  1. strategy formulation
  2. strategy implementation
  3. strategy evaluation and control
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What is the common-size analysis? What is the simple idea behind it?

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The common-size analysis is the restatement of financial statement information in a standardized form.


Common-size ratios put items of financial statement into relations 

A common-size financial statement displays line items as a percentage of one selected or common figure.

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What is the relation between management accounting and strategic management?

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Management accounting is a mean for decision making and setting objectives in Strategic Management. It facilitates the development and implementation of a business strategy.

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What is the main idea of the target costing approach?

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the process of translating a customer’s view of a product into an engineer’s view of a product, determining what will be the price of the product and what is a product allowed to cost.  It involves setting a target cost by subtracting the desired profit margin from a competitive market price.

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Q:

What does the Net Present Value represent?

A:

compares an investment's initial cash outflow with the present value of its future net cash inflows. The higher the NPV the higher is the profit created by the investment and therefore the return on the invested capital.

Q:

What is the Internal Rate of Return?


A:

is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Q:

Explain the purpose of liquidity ratios


A:

Ability to meet shortterm, immediate obligations.

Q:

What is the purpose of performing an investment appraisal?

A:

Evaluation of investment alternatives 

A means of assessing whether an investment project is worthwhile or not  

Q:

Explain the purpose of efficiency ratios

A:

Measures the effectiveness in putting its asset investment to use

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Q:

What is the relation between Strategic Management and Management Accounting?


A:

Strategic Management means making companies able to compete is the purpose of strategic management. 

Management accounting means the provision of financial and non-financial decision-making information to managers. 


Q:

What is the purpose of a financial statement analysis? Give one example.


A:

• Evaluate the performance of your company! 

• Draw together and integrate information as a base for management decisions. 

• Established method employed by stock markets, investment firms, banks, investors, and shareholders.


Example: Transferring raw data from financial statements (balance sheet, income statement, cash flow statement) into information that will help manage a business  

Q:

What is an investment?

A:

It is a series of cash flows - current cash outflows are aimed at creating cash inflows in the future. Cash inflows should exceed cash outflows.

Q:

Name the three steps in the Strategic Management process.

A:
  1. strategy formulation
  2. strategy implementation
  3. strategy evaluation and control
Q:

What is the common-size analysis? What is the simple idea behind it?

A:

The common-size analysis is the restatement of financial statement information in a standardized form.


Common-size ratios put items of financial statement into relations 

A common-size financial statement displays line items as a percentage of one selected or common figure.

Q:

What is the relation between management accounting and strategic management?

A:

Management accounting is a mean for decision making and setting objectives in Strategic Management. It facilitates the development and implementation of a business strategy.

Q:

What is the main idea of the target costing approach?

A:

the process of translating a customer’s view of a product into an engineer’s view of a product, determining what will be the price of the product and what is a product allowed to cost.  It involves setting a target cost by subtracting the desired profit margin from a competitive market price.

Controlling

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