Problem 1. The CFO of your company has asked your team to develop a set of internal guidelines that will ensure that the finance department adheres to the highest of ethical standards for financial forecasting. Without consideration of any legal requirements develop a set of procedures that will facilitate this objective.
Problem 2. You were just employed by a small retail electronics firm as a financial consultant. The first issue the owner want to address is profitability. What are some of issues that you would be looking at from an industry perspective?
Problem 3. You've been asked to make a decision on whether to repair or replace an old copier machine. Come up with a list of items that would be considered relevant to the decision and another list that is not relevant. For each reason in both list provide a reason why the item is relevant or not relevant
Problem 4. You have worked at a small manufacturing firm for several years in the finance area. This company has grown from a 'garage' operation to a full fledged manufacturing plant that is struggling with their success. Your supervisor asks you about the value to the company of preparing pro forma financial statement and their use in the company. How would you answer her?