Travel – 福岡

  1. 福岡本地美食. https://matcha-jp.com/tw/5790?utm_source=gotrip&utm_medium=facebook&utm_campaign=gotrip&utm_content=
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Travel – 福岡

MGNT6001 – BOOB (L11-22Mar2018)

  1. Objectives
    1. External environments
    2. Stakeholder theories
  2. Contents
    1. Final exam
      1. Choose 4 questions from 5-question-pool, @25 for each question
      2. Questions similar to Mid-term
      3. Techniques
        1. Must application self experiences with explanation
    2. Initiatives to learn knowledge
      1. Better job -> earn money
      2. Empower you to help people (after helping others, the knowledge remains)
    3. When a market is free?
      1. Property rights
      2. Exchanging (Trade)
      3. Exchange of information
      4. Competition Compare
      5. Choices (Free to choose)
MGNT6001 – BOOB (L11-22Mar2018)

CEO

  1. 凡人變CEO的4個習慣
    1. 快速決策
    2. 讓人們贊同你的想法:
      1. 讓員工清楚知道你的願景和目標
      2. 理解那些能夠幫助你實現成果的人的情感、財務和生理需求
      3. 建立日常慣例和習慣以建立關係,這將能轉化為行動並最終實現業務成果
    3. 成功執行計劃並且能持續實現及提供一致成果
    4. 適應環境, 與時并進
CEO

ACCT6004 BA – L12 – Ratios

Analyzing and Interpreting Financial Statements & Revision

  1. Contents
    1. Ratios
      1. Comparing ratios over time for the same entity
      2. comparing ratios between different entities in the same period within the same industry
      3. comparing industry average ratios
    2. Five Categories of ratios
      1. Profitability and return on capital
        1. Profitability trend
        2. Gross profit margin, net profit margin and net profit margin
        3. Return on capital employed (ROCE)
        4. Return on equity (ROE)
        5. Asset turnover
      2. Long-term solvency and stability
        1. Debt ratio
        2. Gearing / Leverage
        3. Interest cover
      3. Short-term solvency and liquidity
        1. Current ratio
        2. Quick ratio (acid-test ratio)
      4. Working capital efficiency ratios
        1. Trade receivables turnover ratio
        2. Inventory turnover ratio
        3. Trade payables turnover ratio
      5. Shareholders’ investment ratios
        1. Earning per share
        2. Dividend per share and dividend cover
        3. Dividend yield
        4. P/E ratio
    3. Details of Five Categories of ratios
      1. Profitability and return on capital
        1. Profitability trend
          1. Profit before tax
          2. Profit after tax
          3. EBIT / PBIT (Earnings / Profits before Interest and Tax)
          4. EBITDA / PBITDA (Earnings / Profits before Interest, Tax, Depreciation and Amortization)
          5. Implication: increase / decrease -> performance of the entity was improved / deteriorated;
        2. Gross profit margin, net profit margin and profit margin
          1. GP margin: GP / sales * 100%
          2. NP margin: NP / sales* 100%
          3. Profit margin: PBIT / sales *100%
        3. Return on capital employed (ROCE)
          1. amount of funds that were employed in making such profits
          2. ROCE = (PBIT / Shareholders’ equity plus non-current liabilities)*100%
            1. = profit margin * asset turnover = PBIT / Sales * Sales / Capital employed
          3. Implication
            1. Higher figure is better
            2. Compare to one year to the next
            3. Compare to ROCE of other companies
            4. Compare with current market borrowing costs
        4. Return on equity (ROE) – restrictive view of ROCE
          1. ROE = (Profit after tax and preference dividend / Shareholders’ equity)*100%
        5. Asset turnover
          1. = Sales / Capital employed
          2. Property investment – low asset turnover as high input with relatively low sales / rental revenues;
          3. Casino – high asset turnover, as low input with high sales;
          4. Implication: higher figure is better
      2. Long-term solvency and stability
        1. Debt ratio
          1. = Total Debts / Total Assets
          2. General safe limit as 50%;
        2. Gearing / Leverage
          1. an entity’s long-term capital structure, 1 <= Gearing ratio <= 0
          2. % = Long-term debts / (Shareholders’ equity + long-term debt)
          3. Implication:
            1. >50% as high geared, thus, difficult to borrow more;
            2. More highly geared company, greater volatility of profit performance
        3. Interest cover
          1. = PBIT / interest charges
          2. degree of an entity to pay interest comfortably
          3. implication: higher figures is better
      3. Short-term solvency and liquidity
        1. Current ratio
          1. = Current assets / current liabilities
          2. implication:
            1. ratio > 1 is expected
            2. no negative number
            3. too high number means inefficient capital usage
        2. Quick ratio (acid-test ratio)
          1. = Current assets excluding inventory / current liabilities
          2. assume inventory is not a very liquid item, especially when inventory turnover times are very slow
          3. implication:
            1. ratio around 1 is expected, except fast inventory turnover
            2. Assess the Quick Ratio over time and compare with other companies and the industry norm;
      4. Working capital efficiency ratios (average number of days)
        1. Trade receivables turnover ratio
          1. = Trade receivables / credit sales or sales * 365 days
          2. implication:
            1. deteriorated turnover days means poor management of monitoring the collection;
            2. compare to the normal credit terms granted to customers; if the turnover period is greater than the normal credit term, better collection management is needed;
        2. Inventory turnover ratio
          1. = Inventory / Cost of sales* 365 days
          2. implication
        3. Trade payables turnover ratio
          1. Trade payables / sales * 365 days
      5. Shareholders’ investment ratios
        1. Earning per share (EPS)
          1. amount of net profit for the year that is attributable to each ordinary share;
        2. Dividend per share and dividend cover
          1. EPS / Dividend per share
        3. Dividend yield
          1. = Dividend on the share for the year / current market value of the share *100%
          2. measure the return a shareholder is currently expecting on the shares of a company
        4. P/E ratio
          1. = Current share price / EPS
          2. indicates how strong is the shareholders’ confidence in the entity and its future;
    4.  Limitations of ratio analysis
      1. In the first year of trading, there will be no comparative figures and  indication of whether or not a ratio is improving or deteriorating;
      2. Comparison against industry averages may not be that revealing, as a business my be subject to factors which is not common in the industry;
      3. Ratios based on historical cost are subject to the distortions resulted from the historical cost accounting, especially, undervalued assets will distort the ROCE and exaggerate gearing;
      4. Ratios are subjected by the choice of accounting policies and manipulation. For example, an entity wants to maintain or increase its ROCE may choose not to revalue its assets;
      5. Inflation over a period will distort results and ratios. Net profit as well as ROCE can be inflated where FIFO is applied during an inflationary period;
      6. No two companies will have the same financial and business risk profiles. For instance, one may have better access to cheap borrowing than the other and so may be able to sustain a higher level of gearing;
  2. References
ACCT6004 BA – L12 – Ratios

vCenter Server Appliance 5.x

  1. Contents
  2. Troubleshooting
    1. VMware Postgres (vPostgres) databases running of space within the VMware vCenter Server Appliance 5.xdf
      1. Symptom: cannot start vcenter server services and cannot login if services started;
      2. Solutions: add temporary space and reclaim space, monitor space in long run
      3. References
        1. Reclaiming space on VMware Postgres (vPostgres) databases within the VMware vCenter Server Appliance 5.x (2056448). https://kb.vmware.com/s/article/2056448
        2. Adding additional temporary storage space to vCenter Server Appliance for VMware Postgres maintenance (2056449). https://kb.vmware.com/s/article/2056449?other.KM_Utility.getArticleLanguage=1&r=2&other.KM_Utility.getArticleData=1&other.KM_Utility.getArticle=1&ui-comm-runtime-components-aura-components-siteforce-qb.Quarterback.validateRoute=1&other.KM_Utility.getGUser=1
        3. Monitor vCenter Server Appliance database disk usage (2058187). https://kb.vmware.com/s/article/2058187
  3. References
vCenter Server Appliance 5.x

BOOB – Assignment 2 (13/3/2018)

Do you want to work in an organization with strong on weak cultures? why?

  1. Definition of organizational cultures and what are strong and weak cultures
  2. Various stages
  3. Refereneces
    1. Strong vs. Weak Organizational Culture: Assessing the Impact on Employee Motivation. https://www.omicsonline.org/open-access/strong-vs-weak-organizational-culture-assessing-the-impact-on-employeemotivation-.php?aid=86665
BOOB – Assignment 2 (13/3/2018)