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101 Financial Solutions: Diagnosis and Remedy (Course Id 170)

Updated / QAS / Registry
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Author : Jae K. Shim, Ph.D., CPA
Course Length : Pages: 116 ||| Review Questions: 63 ||| Final Exam Questions: 55
CPE Credits : 11.0
IRS Credits : 0
Price : $97.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry
Primary Subject-Field Of Study:

Management Services - Management Services for Course Id 170

Description :
A manager’s success depends largely on his or her ability to manage a company’s assets. This mission is complicated by the interdependent nature of a company’s finances. One short-term financial problem, such as a cash flow shortage, can cause a longer-term credit problem, such as denials for bank loans. The successful manager must be able to quickly identify and resolve such short-term problems in order to prevent their long-term deleterious effects. This course is intended for effective business managers and entrepreneurs. Covering every facet of the daily management of a business’s finances, it is designed to help managers pinpoint, remedy, and prevent business and financial problems. In each case, it also points out potential ripple effects—the ways in which a problem in one sector can disrupt operations in other areas.


Usage Rank : 0
Release : 2023
Version : 1.0
Prerequisites : Basic math.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : QAS Self Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 12-Aug-2023
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - 170

Keywords : Management Services, 101, Financial, Solutions, Diagnosis, Remedy, cpe, cpa, online course
Learning Objectives :

Chapter 1
Pricing, Sales, and Advertising Problems

After studying this chapter, you will be able to:
    1. Recognize signs in the concept of revenue base erosion.
    2. Identify irrelevant cost factors when evaluation special orders.
    3. Identify causes of a high level of merchandise returns that can affect business profits.

Chapter 2
Inventory and Production Shortfalls

After studying this chapter, you will be able to:
    1. Identify the causes of low turnover of merchandise.
    2. Recognize trade-offs between excessive inventory ordering and carrying costs.
    3. Identify order costs and carrying costs associated with inventory management.
    4. Recognize how the economic order quantity (EOQ) applies to inventory management.
    5. Identify technologies used to improve inventory tracking and management.
    6. Recognize reasons that create a lack of inventory storage space.

Chapter 3
Profit Targets Are Off

After studying this chapter, you will be able to:
    1. Identify concepts used in the analysis of profitability.
    2. Recognize ways to reduce the break-even point, and limitations of break-even analysis.
    3. Recognize how to apply cost-volume-profit analysis.
    4. Identify the problems of a weak sales mix and the causes of falling sales or profits.

Chapter 4
Risk-Return Unbalance

After studying this chapter, you will be able to:
    1. Identify the risk-return trade-off.
    2. Recognize components of interest rate risk.
    3. Identify factors relating to a lack of diversification and increased risk.
    4. Recognize signs of existing or potential financial problems.

Chapter 5
Inability to Finance Weakens Business Development

After studying this chapter, you will be able to:
    1. Recognize influences that can adversely affect the market price of a stock.
    2. Identify the objectives of debt rating services and some bond terminology.
    3. Recognize characteristics of evaluating stock prices.

Chapter 6
Business Control Threatened

After studying this chapter, you will be able to:
    1. Identify the conditions when bankruptcy looms.
    2. Recognize steps management can take to avoid business failure.
    3. Recognize uses of the Altman Z-Score for spotting risky companies.
    4. Identify measures that a company can take to avoid a takeover threat.

Chapter 7
Cash Flow Disturbances

After studying this chapter, you will be able to:
    1. Recognize common ratios used by companies to help manage cash positions.
    2. Identify ways to improve cash flow and return on surplus funds.
    3. Identify early warning signs of a company going broke.

Chapter 8
Accounts Payable and Receivable

After studying this chapter, you will be able to:
    1. Identify ways to minimize the impact of vendor's price increases.
    2. Calculate the advantage of accepting vendor terms and discounts.
    3. Recognize the reasons for poor credit ratings.
    4. Identify methods to prevent check signing fraud and improper payments.

Chapter 9
Lackluster Financial Statements

After studying this chapter, you will be able to:
    1. Recognize commonly used financial ratios that help spot liquidity problems.
    2. Identify early warning signals for inadequate liquidity.
    3. Recognize ways to improve return on investment and how return on equity is calculated.
    4. Identify methods to identify a low rate of return and the signs for poor quality of earnings.

Chapter 10
Costs Out Of Control

After studying this chapter, you will be able to:
    1. Recognize how to determine the stability/instability in product revenue over time.
    2. Identify the causes for excessive labor costs.
    3. Recognize the concept associated with operating leverage.
    4. Recognize the applications of activity-based costing.
    5. Understand how a profit-maximizing firm would adjust prices at different levels of demand.

Chapter 11
Budgeting and Cost Control Problems

After studying this chapter, you will be able to:
    1. Identify how actual costs can exceed standard (budgeted) costs.
    2. Recognize how to compute an efficiency variance.

Chapter 12
Fragile Internal Controls

After studying this chapter, you will be able to:
    1. Recognize ways to spot record-keeping errors.

Chapter 13
Tax Planning and Preparation

After studying this chapter, you will be able to:
    1. Recognize the characteristics of different corporate structures used to affect tax planning and preparation.
Course Contents :

Chapter 1:    Pricing, Sales, and Advertising Problems

Learning Objectives

Problem: Sales Do Not Support Advertising Expenditures

Problem: Revenue Base Erosion

Problem: Increased Product Pricing Causes a Reduction In Sales

Problem: Lowered Price Shrinks Margins

Problem: High Level of Merchandise Returns

Chapter 1 Review Questions

Chapter 2:    Inventory and Production Shortfalls

Learning Objectives

Problem: Low Turnover of Merchandise

Problem: Deficient Inventory Balances

Problem: Excessive Inventory Ordering and Carrying Costs

Problem: Ordering Incorrect Quantities of Inventory

Problem: High Rate of Inventory Stockout

Problem: Theft of Inventories

Problem: Miscounted Inventory

Problem: Inaccurate Inventory Records

Problem: High Rate of Product Obsolescence

Problem: Manufacturing Schedules Missed

Problem: Poor-Quality Goods Produced

Problem: Lack of Inventory Storage Space

Problem: Delayed Receipt of New Inventory

Chapter 2 Review Questions

Chapter 3:    Profit Targets Are Off

Learning Objectives

Problem: Unrealistic Break-Even Point

Problem:  Product or Service Does Not Break-Even

Problem: Excessive Cost-To-Production Volume

Problem: Weak Sales Mix

Problem: Unprofitable Profit Centers

Problem: Potential Loss of A Contract

Problem:  Product Refinement Generates a Loss

Chapter 3 Review Questions

Chapter 4:    Risk-Return Unbalance

Learning Objectives

Problem: Disproportionate Risk to Return

Problem: Risk in the Industry

Problem: Risk in Corporate Operations

Problem: Lack of Diversification

Problem: Inflationary Risk

Problem: Political Risk

Problem: Foreign Exchange Risk

Problem: Social and Environmental Risks

Problem: Management Unaware of Financial Problems

Chapter 4 Review Questions

Chapter 5:    Inability to Finance Weakens Business Development

Learning Objectives

Problem: Market Price of Stock Falls

Problem:  Bond Rating Drops

Problem: Inability to Obtain Financing

Problem: Inability to Issue New Securities

Problem: Dividends Are Restricted

Problem: Restrictive Loan Agreements Are Breached

Chapter 5 Review Questions

Chapter 6:    Business Control Threatened

Learning Objectives

Problem: Bankruptcy Looms

Problem: Inability to Curb Financial Problems

Problem: Inability to Repay Debt

Problem: Takeover Threat

Problem: Costs Increase after Acquisition

Problem: Financial Inconsistencies after Acquisition

Chapter 6 Review Questions

Chapter 7:    Cash Flow Disturbances

Learning Objectives

Problem: Inadequate Cash Position

Problem: Surplus Funds

Problem: Delayed Customer Payments

Problem: Paying Cash Too Soon

Problem: Cash Outflows Exceed Cash Inflows

Problem: Going Broke While Maintaining Profits

Problem: Inefficient Use of Cash

Chapter 7 Review Questions

Chapter 8:    Accounts Payable and Receivable

Learning Objectives

Problem: Vendor's Price Increases

Problem: Hidden Discount Costs

Problem: Poor Credit Rating

Problem: Check Fraud and Improper Payments

Problem: Stringent Credit Requirements

Chapter 8 Review Questions

Chapter 9:    Lackluster Financial Statements

Learning Objectives

Problem: Inadequate Working Capital

Problem: Inadequate Liquidity

Problem: Insolvency

Problem: Excessive Debt

Problem: Off-Balance-Sheet Liabilities

Problem: Deficient Asset Use and Turnover

Problem: Low Rate of Return

Problem:  Lack of Residual Income

Problem: High Cash-Realization Risk in Assets

Problem: Poor Profitability and Growth

Problem: Poor-Quality Earnings

Problem: Unstable Operations and Earnings

Problem: Unstable Income

Problem: Low Price/Earnings Ratio

Chapter 9 Review Questions

Chapter 10:    Costs Out Of Control

Learning Objectives

Problem: Excessive Labor Costs

Problem: Excessive Operating Leverage

Problem: Inadequate Cost Controls

Problem: Lack of Cost Information

Problem: Distorted Cost Information

Problem: Supplies Increase in Cost or are Unavailable

Problem: Cost Reductions Hamper Development

Problem: Reduced Discretionary Costs Hurt the Business

Problem: Up-Front Costs Impede Project Authorization

Problem: Pricing Lowers Profits

Chapter 10 Review Questions

Chapter 11:    Budgeting and Cost Control Problems

Learning Objectives

Problem: Actual Costs Exceed Budgeted Costs

Problem: Actual Costs Exceed Standard Costs

Problem: Actual Revenue below Standard Revenue

Problem: Inaccurate Sales and Expense Estimates

Problem: Lack of the Right Product at the Right Time

Problem: Poor Use of Production Capacity

Problem: Expansion Exceeds Financial Resources

Chapter 11 Review Questions

Chapter 12:    Fragile Internal Controls

Learning Objectives

Problem: Costs Not Closely Tracked

Problem: Assets Not Monitored

Problem: Recordkeeping Errors

Problem: Credit Card Fraud

Problem: Cumbersome Accounting Procedures

Chapter 12 Review Questions

Chapter 13:    Tax Planning and Preparation

Learning Objectives

Problem: Incomplete and Inaccurate Tax Recordkeeping

Problem: Underpayment of Taxes

Problem: Double Taxation

Problem: Avoiding Tax on the Transfer of Property

Problem: Incorrect Classification of Employees

Problem: Fringe Benefits Not Recorded As Income

Problem: Excessive Compensation to Employee Shareholders

Problem: Funds Insufficient to Purchase a Deceased Shareholder's Stock

Chapter 13 Review Questions


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