Finance and IT Executive Summary
What is Finance?
- Set of activities dealing with the management of funds and their collection.
- Determining if funds are being used properly
- Through financial analysis, businesses evaluate decisions and take c
Chapter 1 / Lab 1 Notes:
The cash flow statement is more important to a financial manager as it recognizes amounts that
will not be collected, and as a results, will not contribute to the wealth of the owners .
Lab 2 Notes:
Finance Group Assignment
Evaluation DATE = 16 August 2010
10 year Life span dont include costs past it.
Initial cash flows
- Remaining 50% of the production facilities that could have been used to produce other products rather
Lab 2 further notes:
Impact of net income on a firms balance sheet
If the transfer amount is invested in assets, the asset account increases.
If the transfer amount is used to reduce a liability then we decrease it.
The transfer amount is the amount trans