Methodological Framework of Financial Analysis Results Objectification in Slovak Republic

The applicability of financial analysis results meets in practice a serious problem as to how to objectify analysis results with regard to the comparable values and information sources. Financial analysis results cannot be taken as useful and acceptable without their objectification on the basis of chosen reference rates, values. The article is focused on key information about financial analysis objectification methods, sources, and databases in conditions of Slovak enterprises. Current database for the comparison in Slovakia is currently provided by the company CRIF - Slovak Credit Bureau, which provides a complete range of solutions for business and consumer information as well as credit and marketing management. This information is very useful for financial analysis objectification, but not available for all potential users.

Financial Analysis of Liz Claiborne, Inc

The past two decades have witnessed an unprecedented surge in the number of newly listed companies on the major US stock exchanges. Over 500 firms have appeared per year between years of 1980 and 2005, on the average, compared to 155 in the previous two decades.

Financial and Economic Analysis of 75 MW Photovoltaic Project for Jordan

Jordan has a good natural potential for solar energy source. To reach at economic practicability of solar energy sources, Jordan needs to accelerate the development of the national photovoltaic projects. The economic and financial analysis of the 75 MW Photovoltaic Project for Jordan is presented in this paper. Comparing analysis considers, seven different scenarios regarding the type of the modules and of the mounting system as well as three different cases to further evaluate the effects of land requirements based on an equivalent installed capacity. Based on the analyzed scenarios, it was found that the project will serve as a ＂fuel saver＂, as the energy generated at the Jordan Photovoltaic Project replaces energy generated at the thermal plant with the highest variable costs in the grid. This replacement has it, which avoids the CO2 emissions associated with thermal generation, as the further advantage.

A Multifractal Detrended Fluctuation Analysis of the Ising Financial Markets Model with Small World Topology

We present a multifractal detrended fluctuation analysis （MFDFA） of the time series of return generated by our recently-proposed Ising financial market model with underlying small world topology. The result of the MFDFA shows that there exists obvious multifractal scaling behavior in produced time series. We compare the MFDFA results for original time series with those for shuffled series, and find that its multifractal nature is due to two factors： broadness of probability density function of the series and different correlations in small- and large-scale fluctuations. This may provide new insight to the problem of the origin of multifractality in financial time series.

Climate Changes in Brazil： the Expected Financial Benefits by Implementing Smart Grids as a Mitigation and Adaptation Strategy

This research aims to estimate the long-term financial benefits of using smart grids to mitigate and adapt the power sector to climate change. In order to do that, twelve scenarios were analyzed applying an energy accounting model （LEAP （Long-range Energy Alternatives Planning System）） that was developed using Brazilian historical data from 1970 to 2015. To conduct the analysis, the Sathaye and Ravindranath＇s three steps methodology was used. The main final results include a long-term cost-benefit analysis that is developed for each considered scenario. The initial phase includes the analysis of the projections for the power sector up to 2030. The following phase consists on the estimation of costs for operation, maintenance, losses and new electrical projects investments. And finally, all scenarios＇ results were compared and the benefits of implementing smart grids in the sector were estimated. The attained results show that smart grid implementation would contribute to reduce electricity tariffs, the generation costs as well as the costs associated with theft and fraud.

Economic and Financial Viability in Spanish Thermal Power Station

This article tracked, identified, and demonstrated the economic and financial viability of the renewable energy sector from biomass in a Spanish Thermal Power Plant. The methodology used came from Theoretical postulates （GITMAN, 2004; VAN HORNE, 1993） called, Technical Preparation of capital budgets （Economic and Financial Analysis） called, payback, Net Present Value, and Internal Rate of Return）. The economic and financial viability results demonstrated were in two stages： the first identified that the plant is viable according to the payback. The second traced the economic and financial viability from the thermal energy production hypothesis equivalent to electricity power in the amount of 7,699.08 MWh, which resulted in the following indicators： payback of seven years and three months, NPV of R$ 369,064.98, and the IRR of 12.46%. Therefore, managers would have to make a user raising campaign in the ratio of 24.66%, taking into account of an unused capacity of 25%. These indicators were calculated using the following financial data： initial investment of R $ 3,654,731.86, operational income of R $1,262,264.16, operational inputs of R$ 503,639.59, and capital cost of 10.95% over 20 years. This industrial plant is located in the city of Cuellar in northern Spain, having two employees working eight hours a day; it produces only thermal power, represented in this study by MWh of electric power. This industrial plant produces power by burning forest residues from tree pruning. It was concluded that, given the research question developed in this paper--is the study plant profitable from the economic and financial point of view？--The response was identified by calculating the economic and financial indicators that the plant studied is viable from the proposed of maximizing sales revenues to 7,699.08 MWh.

Risks in Credit Financial Analyze

This article aims to study the indicators used in the financial analysis for credit and explain them. Also it checks the impact of each indicator in credit analysis and what happens if the pointer is changed deliberately to get the loan, giving some possible ways to do it and analyzing them. It proposes a new model to evaluate the indicators and the assignment of weights in formula evaluation of each indicator, so the risks of granting credit will be smaller as well as the evaluation of the financial terms of a company will be more balanced and optimal. The scope is to equilibrate the weights of each indicator in the fmancial credit analyze not by rescoring its value but by assigning shares in the evaluation formula. Doing this, it can be considered as a double checking using the same parameters and it lowers the risks in the money recovering. As it is debated in the article anyone can do fxaud to obtain a loan by altering the documents they provide through which some can do it good and even get uncaught. The scope is not to find what they did; it is to get protected even if they do it.

Some Thought on the Financial Management for Regional Chain Retailers -- A Case Study of Wuhan Zhongbai Group Co., Ltd.

Nowadays, the chain management, as an important core to financial management, has become the consensus of entrepreneurs and economic circles. As a well-developed retailing enterprise in Hubei province, the financial management of Wuhan Zhongbai Group Co., Ltd serves a good references for other enterprises. This thesis aims to provide some references for other regional retailing enterprises through analysis on the financial status of Wuhan Zhongbai Group Co., Ltd.

The Analysis of Effectiveness of Cost Control Strategy on the Profitability of Coca-Cola Company From Year 2015 to 2017

This paper is aiming to evaluate the effect of cost control strategy on the profitability of Coca-Cola Company from year 2015 to 2017 by using the ratio analysis and offer essential recommendations for the company.This paper is divided into three parts.First part is to introduce the current business operation activities and basic background information.This paper adopts desk research as data collection method.The major sources of information are the annual report of Coca-Cola Company,the database of World Health Organisation and other scholastic websites such as Wan Fang Database.Second,financial statements analysis and profitability analysis.This part contains three data analysis methods that are horizontal analysis and ratio analysis.Third part is the conclusion which is from year 2015 to 2017,that Coca-Cola Company has strengthened its profitability through cost control strategy but there are fatal hazards in the profitability of Coca-Cola Company that is the worse utilization of its assets to generate profit and dispute with IRS.The recommendations are also provided based on the conclusion which could be referenced by other companies to some extent.

Empirical Study on Financial Failure Prediction of Listed Companies

Since it is a gradual process for listed companies to plunge into financial failure, it is desirable to discern tho potential risks in advance. This paper, with the adoption of multiple discriminant analyzing approach, tries to find out optimal variables and financial failure predicting model for Chinese listed companies based on audited accounting data.

The Analysis of Merging Strategies

The paper first analyzes the achievement of BOE＇s merging case and substantiates its success, then focuses on the strategy analysis of merger of the BOE, including the guidelines, merging way, strategic overall arrangement, culture conformity, financial guarantee etc., in a bid to offer valuable experience and reference function for the Chinese enterprises.

Cost of two different therapies for end-stage renal disease in northwest China

Currently,the growing number of end-stage renal disease patients in developing countries consumes a greater proportion of healthcare budget,and increasing attention is being focused on the cost-effectiveness of the procedure.We aimed to assess the cost-effectiveness of living-related renal transplantation (RTx) as compared with that for hemodialysis (HD) and identify medical factors associated with charges for RTx in northwestern China.This study was a retrospective analysis of 372 patients on regular HD and 122 living-related kidney transplant recipients on regular follow-up for at least 3 years in northwestern China.All data on charges included HD procedure,RTx procedure,the cost for donor operation,immunosuppression,and follow-up medicare.The average annual cost to all patients on HD and kidney recipients during the first 3 years after RTx was $14482/$31027,$13502/$11038,and $13382/$10243,respectively.The three variables were found to be significant in predicting increased costs for RTx:diltiazem administration,acute rejection and infection complications.We concluded that from the second year on,RTx in China was more effective and less costly than dialysis treatment,although recipients without diltiazem administration and with acute rejection or infection proved costlier during the first year after transplantation.

Stumpage value in the short wood system for the conversion into high forest of a oak coppice

This study aims to analyze the factors affecting the costs of different logging systems, in particular considering three different bunching-extraction methods. Moreover the stumpage value of each plot was calculated, and a comparison analysis of the results is presented. The work was carried out in Central Italy, in an aged Quercus cerris L. coppice in hill zones, with a 45% average slope. Short wood system harvesting was applied. Felling and processing were performed by chainsaw, while extraction with three different methods： plot No. 1 with mules, plot No. 2 with a tractor with winch, plot No. 3 with polyethylene chute line. Transport of firewood from the forest track to the landing was made by a tractor loaded as a mule. In the plot No. 1 the costs per unit mass （30.76 ∈·t33% ^-1） were higher despite having the lower cost per hour （39.99∈·th^- 1）. The reason was the lower productivity （1.3 t33%·h^-1）. The plot No. 2 had the highest cost per hour （66.79 ∈·h^-1）. However, productivity was the highest （2.7 t33%·h^- 1）. This aspect was notable from the financial point of view （24.74 ∈·t33%^-1）. Plot No. 3 was the less expensive （23.92 ∈·t33%^-1）. Comparing the three methods, a reduction of the costs through more appropriate extraction systems may increase the stumpage value from 8.3 to 9.65 ∈·t33%^- 1.

Advancing the Interpretation of the Du Pont Equation

The purpose of this paper is to advance the interpretation of the Du Pont Equation, which is commonly used in the financial statements analysis of corporations. The paper makes a special interpretation of the three terms which appear in the Du Pont Equation that provides an understanding of the overall financial standing of the corporation under consideration. As a result of this interpretation, the order in which f＇mancial statements analysis is commonly performed should be reversed. That is, in financial statements analysis, one should start with the analysis of the Du Pont Equation, to gain an overall understanding of the financial situation of the corporation; and then, perform the ratio analysis, to gain a detailed understanding of the financial situation of the corporation. This order of analysis is in contrast to the order in which financial statements analysis is commonly performed, i.e., first, the ratio analysis is performed, and then, the Du Pont Equation is analyzed.

Study on Inventory Cost Control under JIT System

Traditional inventory control methods generally emphasize minimizing costs. Under current thinking, we not only consider cost control, but also tie inventory management directly into production scheduling. This system, called ＂Just-in-Time delivery＂, is based on having inventory arrive at the factory door just as it is needed on the assembly line. This inventory management technique of essential zero raw material inventory speeds inventory turnover rate and greatly reduces holding cost. This paper analyzes and compares all aspects related to both traditional and JIT systems, and explores ways of reducing inventory costs. The result is the elimination of waste, the speed-up of inventory turnover and the increase in productivity, all with the objective of maximizing profitability. Using advanced logistics （physical distribution methods） will enhance the business image, strengthen international competitive ability and contribute greatly to increase gross domestic product.

Implementation of a drainage information, analysis and management system

An integrated drainage information, analysis and management system （DIAMS） was developed and implemented for the New Jersey Department of Transportation （N/DOT）. The purpose of the DIAMS is to provide a useful tool for managers to evaluate drainage infrastructure, to facilitate the determination of the present costs of preserving those in- frastructures, and to make decisions regarding the optimal use of their infrastructure budgets. The impetus for DIAMS is the culvert information management system （CIMS）, which is developed to manage the data for culvert pipes. DIAMS maintains and summa- rizes accumulated inspection data for all types of drainage infrastructure assets, including pipes, inlet/outlet structures, outfalls and manufactured treatment devices. DIAMS capa- bilities include identifying drainage infrastructure, maintaining inspection history, map- ping locations, predicting service life based on the current condition states, and assessing present asset value. It also includes unit cost values of 72 standard items to estimate the current cost for new assets with the ability to adjust for future inflation. In addition, DIAMS contains several different repair, rehabilitation and replacement options to remedy the drainage infrastructure. DIAMS can analyze asset information and determine decisions to inspect, rehabilitate, replace or do nothing at the project and network levels by comparing costs with risks and failures. Costs may be optimized to meet annual maintenance budget allocations by pfioritizing drainage infrastructure needing inspection, cleaning and repair. DIAMS functional modules include vendor data uploading, asset identification, system administration and financial analysis. Among the significant performance feature of DIAMS is its proactive nature, which affords decision makers the means of conducting a comprehensive financial analysis to determine the optimal proactive schedule for the proper maintenance actions and to prioritize them accordingly. Benefits of DIAMS include long-term savings that accrue by adopting optimized preventive maintenance strategies and facilitating compliance with Governmental Accounting Standards Board （GASB） and federal storm water regulations.

Quantitative Analysis of the Target Related toCash Flow Statement

With the example of the trend analysis method opplied to the cash flow statement, the authors study thequantitative analysis method of the target related to cash flow statement.So the statement user can knows the currentand previous financial condition in the enterprises, correctly evaluate the current andfuture abilities to pay andrepay,find out the problems in financial affairs, and scientifically calculate the future financial conditions. Anadequate, efficient basis is provided for scientific decision.