Finance For Strategic ManagementOne

Finance For Strategic Management
One of the most important tools for assessing the strength of an organization within its industry is financial analysis. Financial analysis is a comprehensive term that refers to any use of available financial data to evaluate the performance, condition, or future prospects of organization.
The finance function is unique both as an instrument of strategic analysis and as a creative strategic tools. This function has the responsibility of ensuring that the strategic plans and objectives of the firm are feasible for the (financial) resources which it has.
Especially, financial analysis helps managers to answer the following questions about a proposed strategy:
1. Is the strategy appropriate, given the company's current financial position in the industry?
2. Does the company have the financial resources to initiate the strategy and carry it out?
3. Are financial resource being allocated correctly to achieve the firm's strategy?
Finally, through using published financial data, the strategist can analyze the behavior and competence of rival firms within the industry and make judgements about his own firm's relative competitive position.
The Analysis Of Financial Statement
In this section I first examine the basic financial data available for managers and investors. This primary sources of company financial data the company's annual repots are: balance sheet, income statement, and statement of changes in financial position.
Balance sheet or statement of financial position:
Assets = Liabilities + Owners' Equity
Income statement or statement of results from operations:
Revenues + Gains - Expenses - Losses = Income
Statement of changes in financial position:
Cash Inflow - Cash Outflow = Change in Cash
The balance sheet represents a statement of the financial position of the firm on a given date, including its assets holdings, liabilities, and owner's equity. The balance sheet for Jimco, Inc., is shown in Table 5-1.
Assets are the resources that an organization controls, fall into two main categories: current and fixed. Current assets are cash and other assets that usually are converted to cash or are used within 1 year (e.g., marketable securities, accounts receivable).
Fixed assets are assets that have a useful life that exceeds 1 year (such as property, buildings, and equipment). Liabilities are claim by nonowners against company assets (such as banks). Liabilities fall into two main categories: current and long-term. Current liabilitiesare accounts that typically are paid within 1 year (such as current bills the company must pay, and short term loan). Long term liabilities are debts usually paid over a period that exceeds 1 year (such as bonds).
Shareholders' equity represents claims by owners against the assets. Shareholders' equity is equal to the company's assets minus liabilities.
The income statement is a financial statement that summarizes the financial results of company operations over a specified time period, such as a quarter or year. It shows revenues and expenses. revenues are the assets derived from selling goods and services. Expenses are the costs incurred in producing the revenue.

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Keuangan manajemen strategisSalah satu alat yang paling penting untuk menilai kekuatan organisasi dalam industri adalah analisis keuangan. Analisis keuangan adalah istilah yang komprehensif yang mengacu pada setiap penggunaan data keuangan yang tersedia untuk mengevaluasi kinerja, kondisi atau prospek masa depan organisasi.Fungsi keuangan unik sebagai instrumen analisis strategis dan sebagai alat strategis yang kreatif. Fungsi ini memiliki tanggung jawab untuk memastikan bahwa rencana strategis dan tujuan perusahaan yang layak untuk sumber daya (keuangan) yang ada.Terutama, analisis keuangan membantu para manajer untuk menjawab pertanyaan-pertanyaan berikut tentang diusulkan strategi: 1. Apakah strategi yang tepat, mengingat posisi keuangan perusahaan saat ini di industri?2. Apakah perusahaan memiliki sumber daya keuangan untuk memulai strategi dan mewujudkannya?3. sumber daya keuangan yang dialokasikan dengan benar untuk mencapai strategi perusahaan?Akhirnya, melalui menggunakan data keuangan yang diterbitkan, ahli strategi dapat menganalisis perilaku dan kompetensi dari saingan perusahaan dalam industri dan membuat penilaian tentang posisi kompetitif perusahaan sendiri relatif.Analisis laporan keuanganDalam bagian ini pertama kali aku memeriksa data keuangan dasar tersedia untuk manajer dan investor. Ini sumber-sumber utama data keuangan perusahaan repots tahunan perusahaan adalah: neraca, laporan laba rugi, dan laporan perubahan dalam posisi keuangan.Balance sheet or statement of financial position:Assets = Liabilities + Owners' EquityIncome statement or statement of results from operations:Revenues + Gains - Expenses - Losses = IncomeStatement of changes in financial position:Cash Inflow - Cash Outflow = Change in CashThe balance sheet represents a statement of the financial position of the firm on a given date, including its assets holdings, liabilities, and owner's equity. The balance sheet for Jimco, Inc., is shown in Table 5-1.Assets are the resources that an organization controls, fall into two main categories: current and fixed. Current assets are cash and other assets that usually are converted to cash or are used within 1 year (e.g., marketable securities, accounts receivable).Fixed assets are assets that have a useful life that exceeds 1 year (such as property, buildings, and equipment). Liabilities are claim by nonowners against company assets (such as banks). Liabilities fall into two main categories: current and long-term. Current liabilitiesare accounts that typically are paid within 1 year (such as current bills the company must pay, and short term loan). Long term liabilities are debts usually paid over a period that exceeds 1 year (such as bonds).Shareholders' equity represents claims by owners against the assets. Shareholders' equity is equal to the company's assets minus liabilities.Pernyataan pendapatan adalah laporan keuangan yang merangkum hasil keuangan perusahaan operasi selama periode waktu tertentu, seperti kuartal atau tahun. Ini menunjukkan pendapatan dan pengeluaran. pendapatan adalah aset yang berasal dari penjualan barang dan jasa. Biaya adalah biaya yang dikeluarkan dalam menghasilkan pendapatan.