The SMEs/SMIs sector is an important economic sector to develop. The development of this business sector can be done through community service activities for entrepreneurs. This activity was carried ...out in Kucur Village, Malang Regency, where many of the people are SMEs/SMIs entrepreneurs to earn additional income. However, many entrepreneurs do not understand bookkeeping or financial records. This community service activity is aimed at initiating the establishment of a business clinic and assisting in the preparation of financial records. The method of implementation includes forum group discussion, participant data collection, training, and mentoring. The findings show that there is no business clinic as a forum for entrepreneurs' aspirations, participants are dominated by housewives who own a business and do not have an understanding of financial records. The financial problems faced include there is no classification between business capital and own capital, business expenses that are not calculated into operational costs, as well as marketing problems. The results of the activity show that business clinics support the business development of entrepreneurs.
Financial records represent a formal records or written reports of financial activities of an entity to quantify financial performance and financial strength. Most of micro enterprises under Centre ...for Business and Entrepreneurship (CBER) UTHM is currently using manual records bookkeeping system to keep the financial records. This cause time consuming and human errors. Hence, financial records management system for micro enterprises under CBER is developed. This system is able to simplify invoice records and quotation collection. Financial records management system also can eliminate accounting errors and minimizing records keeping redundancy. The system is developed by using software Brackets, Xampp and PHP programming through agile methodology guide. This system is expected to help micro enterprises to keep track and manage financial records efficiently.
Get up to date on the latest FASB, SEC, and AICPA guidelines and best practicesFair Value Measurement provides hands-on guidance and the latest best practices for measuring fair value in financial ...reporting. The Financial Accounting Standards Board (FASB), the U.S. Securities and Exchange Commission (SEC), and the American Institute of CPAs (AICPA) have all updated their guidelines for practitioners, and this book details the changes from a practical perspective. This new third edition includes a discussion on Private Company Council accounting alternatives for business combinations and impairment testing, with a detailed example of the Market Participant Acquisition Premium (MPAP), including European and Asian examples and expanded discussion of IFRS.Fair value measurement guidelines continue to evolve, and this comprehensive reference provides a valuable, up-to-date resource for preparers, auditors, and valuation specialists.Adopt the best practices for implementing the FASB's Topic 820Learn the latest reporting requirements for fair value measurementsUnderstand accounting alternatives for business combinationsExamine the details of MPAP in Europe and AsiaApplying fair value measurements to financial statements requires a move away from rules-based standards and toward application of professional judgment. This controversial shift has led to a reliance on valuation specialists, who face their own challenges in applying Topic 820 amidst an economic downturn and recovery, leading to an ever evolving set of best practices. Practitioners must stay up to date, and be aware of the changes as they occur. Fair Value Measurement provides the most recent information and a practical approach to this area of financial reporting.
Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniques Money management is a central element of trading the financial markets, ...especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades, you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader's Guide to Money Management describes the operating methods that seasoned investors use. With this book, you'll avoid the common mistake of focusing too much on entry levels and stop-losses, and you'll learn to consider the impact of proper money management on your final portfolio results. Successful traders focus on risk management, avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing, The Successful Trader's Guide to Money Management offers a comprehensive coverage of widely practiced risk management models, examining their strengths and weaknesses. You will learn how to use the most effective operating models, including the Fixed Fractional, Fixed Ratio, and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades. Learn how the professionals manage money and avoid common trading mistakes Design a trading system that minimizes risk and maximizes reward through correct position sizing Understand the most important money and portfolio management models, including Fixed Ratio, Percent Volatility, Fixed Fractional, and more Equip yourself to trade smarter, individually or with a broker, on equity, derivatives and Forex markets For individual and institutional investors alike, this book is a ticket to more solid trading strategy, especially in uncertain times.
Strategic investment Smit, Han T. J; Trigeorgis, Lenos
2004., 20120112, 2012, 2004, 2012-01-12
eBook
Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two ...sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike.
Evaluation examines policies and programs across every arena of human endeavor, from efforts to stop the spread of HIV/AIDS to programs that drive national science policy. Relying on a vast array of ...methods, from qualitative interviewing to econometrics, it is a "transdiscipline," as opposed to a formal area of academic study. Accounting for these challenges, Evaluation Foundations Revisited offers an introduction for those seeking to better understand evaluation as a professional field. While the acquisition of methods and methodologies to meet the needs of certain projects is important, the foundation of evaluative practice rests on understanding complex issues to balance. Evaluation Foundations Revisited is an invitation to examine the intellectual, practical, and philosophical nexus that lies at the heart of evaluation. Thomas A. Schwandt shows how to critically engage with the assumptions that underlie how evaluators define and position their work, as well as how they argue for the usefulness of evaluation in society. He looks at issues such as the role of theory, how notions of value and valuing are understood, how evidence is used, how evaluation is related to politics, and what comprises scientific integrity. By coming to better understand the foundations of evaluation, readers will develop what Schwandt terms "a life of the mind of practice," which enables evaluators to draw on a more holistic view to develop reasoned arguments and well fitted techniques.
•We examine the correlation between firm’s financial records and vulnerabilities.•Financial records are significantly associated with the number of vulnerabilities.•There is positive correlation ...between vulnerabilities and firm’s size and performance.•Vulnerabilities and marketing expenditure are positively correlated.•Vulnerabilities and R&D expenditure are negatively correlated.
Security vulnerabilities and breaches remain a major concern for firms as they cost billions of dollars in downtime, maintenance and disruptions. Although researchers in the fields of security and vulnerability prediction have made significant contributions, the number of vulnerabilities continues to increase. Contrary to existing vulnerability studies, this research examines vulnerabilities from a financial perspective. We explore whether firm’s financial records are associated with vulnerabilities. In particular, we examine the correlation between the number of vulnerabilities and each of firm’s size, financial performance, marketing and sales, and research and development expenditures. The empirical analysis of this study is based on data collected from 89 publicly traded technology firms over a 10-year period. Our results reveal that financial records are significantly associated with vulnerabilities. More specifically, our results show that as technology firms increase their marketing and sales expenditures, the number of vulnerabilities increases as well. Interestingly, the analysis shows that firms can counter this rise by increasing their spending on research and development. We also find a positive correlation between the number of vulnerabilities and each of firm’s size and performance.
Streetwise brings together classic articles from the
publication that helped revolutionize the way Wall Street does
business. During the recession of the early 1970s, investment
professionals turned ...to the theories of a small band of
mathematical economists, whose ideas on such topics as portfolio
development and risk management eventually led to the reform and
maintenance of entire economies. This was the first time economists
and practitioners had joined forces to such remarkable effect.
Economist and money manager Peter Bernstein sought to encourage
this exchange when, in 1974, he founded The Journal of
Portfolio Management (JPM). For this present volume, Bernstein
and JPM editor Frank Fabozzi have selected forty-one of the most
influential articles to appear in the journal over the past
twenty-five years, some of them written by Nobel laureates and all
aimed at stimulating dialogue between academic economists wishing
to understand the real-world problems of finance and investment
professionals wanting to bring the most advanced theoretical work
to bear on commerce. Financial economics is a youthful but vital
field. Streetwise not only reflects its fascinating
history but through articles on topics ranging from stock prices
and risk management to bonds and real estate also offers relevant
insights for today. The contributors are: R. Akhoury, R. D. Arnott,
G. L. Bergstrom, G. O. Bierwag, F. Black, R. Bookstaber, K.
Cholerton, R. Clarke, D. M. Cutler, C. P. Dialynas, P. O. Dietz, D.
H. Edington, M. W. Einhorn, J. Evnine, R. Ferguson, P. M.
Firstenberg, H. R. Fogler, F. Garrone, R. Grieves, R. C. Grinold,
D. J. Hardy, D. P. Jacob, B. I. Jacobs, R. H. Jeffrey, R. N. Kahn,
G. G. Kaufman, M. Kritzman, R. Lanstein, C. M. Latta, M. L.
Leibowitz, K. N. Levy, R. Lochoff, R. W. McEnally, K. R. Meyer, E.
M. Miller, A. F. Perold, P. Pieraerts, J. M. Poterba, K. Reid, R.
R. Reitano, R. Roll, B. Rosenberg, S. A. Ross, M. Rubinstein, A.
Rudd, P. A. Samuelson, R. Schweitzer, C. Seix, W. F. Sharpe, B.
Solnik, L. H. Summers, A. L. Toevs, J. L. Treynor, A. Weinberger,
and R. C. Zisler.
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