Cash flow uncertainty

Ebook ACCA Paper F9: Financial management - Essential text: Part 1 presents the following content: Chapter 1 the financial management function, chapter 2 basic investment appraisal techniques, chapter 3 investment appraisal – discounted cash flow techniques, chapter 4 investment appraisal – further aspects of discounted cash flows, chapter 5 asset investment decisions and capital rationing, chapter 6 investment appraisal under uncertainty, chapter 7 working capital management, chapter 8 working capital management – inventory control, chapter 9 working capital management – accounts receivab...

216p haojiubujain01 06-06-2023 8 4   Download

The major purpose of this dissertation is to test the practical applicability of RO theory through valuation of flexibility using selected case studies from the Australian residential property development market to either support or oppose the adoption of RO theory for property development decision making in practice.

371p runthenight04 02-02-2023 9 2   Download

Chapter 14 - Strategic investment decisions. In this chapter students will be able to: Explain how strategic investment decisions are made, identify relevant cash flows and perform net present value (NPV) analysis for capital investment decisions, identify the uncertainties of NVP analysis,...

33p thuongdanguyetan03 18-04-2020 7 2   Download

In light of increasing global financial market volatilities, firms are encountering a more uncertain cash flow than ever. To avoid missing investment opportunities, firms will hold cash as a precautionary measure. We investigate whether cash holdings in Taiwanese firms is indeed driven by the uncertainty of cash flow. Our empirical results confirm that uncertainty of cash flow is the most important factor that explains why firms hold cash.

26p trinhthamhodang2 21-01-2020 21 1   Download

Chapter 12 - Statement of cash flows. To make informed investment and credit decisions, financial statement users need information to help them assess the amounts, timing, and uncertainty of a company’s prospective cash flows. This chapter explains more about the items reported on the statement of cash flows and describes a more practical way to prepare the statement than analyzing every entry in the Cash account.

19p estupendo5 30-08-2016 45 2   Download

Gaining effective control of a corporation enables the controlling owner to determine how profits are shared among shareholders. Although the minority shareholders are entitled to the cash flow rights corresponding to their share investments, they face the uncertainty that the entrenched controlling owner may opportunistically deprive them of their rights. The effects of entrenchment by the controlling shareholder include outright expropriation, i.e., the controlling shareholder benefits from self-dealing transactions in which profits are transferred to other companies he/she controls.

41p bin_pham 06-02-2013 44 4   Download

An inflation indexed bond protects both investors and issuers from the uncertainty of inflation over the life of the bond.1 Like conventional bonds, indexed bonds pay interest at fixed intervals and return the principal at maturity. The fundamental difference is that while conventional bonds make payments that are fixed in nominal dollars (and thus are called nominal bonds), indexed bonds make payments that are fixed in real terms (and thus are called real bonds).

8p taisaocothedung 12-01-2013 52 3   Download

If you know the present value of a future cash flow, you can determine what a good purchase price should be for that investment. You would not want to pay more than its present value, and would like to pay less than its present value. If you know the key variables, you can use them in a meaningful risk assessment and in negotiations with other parties (buyers, sellers, lenders, investors, landlords, tenants). However, this is where uncertainty enters the picture. Reasonable people will disagree on the projected income from an asset, the projected expenses required...

5p quaivatxanh 01-12-2012 46 4   Download