MGMT 105: EXAM 4
47 Cards in this Set
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Scott Davis (Oracle)
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-best buy
-haliburton
-innovate mgmt solutions
-Oracle-Primarera
-engineering technician '96- '98
-Project mgmt professional certification
-Feb 2010--Nov 2011
-Subsea Systems
-Global manage or planning/scheduling
-provide scheduling resources
- enforce scheduling standards
- P…
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what should you do now (according to Scott Davis)
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-Research potential candidates
-go to their career sits
-Plan your remaining time
-internships
-go to career fair
-linkedin
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Accounting
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Comprehensive system for collecting, analyzing and communicating financial info
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BookKeeping
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Records of accounting transactions
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Which of the following do not concern about accounting info
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Consumers
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Controller
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Person who manages all of firms accounting activities (chief accounting officers)
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Certified Public Accountant (CPA)
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Accountant licensed by the state and offering services to the public
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Financial accounting
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field of accounting concerned with EXTERNAL users of companys financial info
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Managerial (management) Accounting
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Field of accounting that serves INTERNAL users of a companys financial information
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Audit
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Systematic examination of a company accounting system to determine whether its financial reports and reliably represent its operations
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Tax services
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assistance provided by CPAS for tax preparation and tax planning
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Serbanes-oxley act of 2002 (sox or sarbox)
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exacted of federal regulation to restore public trust in accounting process
-requires CEO/CFO certify the company financial statements are true, faire, and accurate
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Accounting equation
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assets= liabilities + Owners equity
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Asset
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Any economic resource of value
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Liability
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Debt owned by firm to a outsider organization
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Owners equity
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amount of money that owners would recieve if they sold all a firms assets/ paid all its liabilities
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3 types of assets
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1) Current Assets
2) Fixed Asset
3) Intangible assets
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Depreciation
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accounting method for distributing the cost of an assets over its useful life
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Liquidity
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ease with which an asset can be converted into cash
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Goodwill
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pay for its reputation
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Current liability
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things need to be paid within a year
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Income Statement
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Revenue - cost
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Money
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median of exchange; object that is portable, diversible, durable and stable and that serves as a medium of exchange a state of value and measure of worth
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develop good study habits and make good grade
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-establish and maintain a strong GPR
-92% of employers who fires students value good GPR
-early strong GPR is a good indication of strong academic success
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Money Management for college student
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- Your money: most important money there is
-3 things you can do with money
1) Spend
2) Invest/ Save
3) give away
- 70% stress about money
-financial stress most common cause of stress
-have emergency fund
-Always PAY YOURSELF 1st
-Save 10%-15% monthly income
-Reach your financi…
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What can a budget do
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-gives more confidence
-makes feel less guilty
-enables you keep track of money
-give opportunity to save
-help accomplish financial goals
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Steps for creating budget
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-Establish financial goals
-Determine source of income
-estimate monthly payments
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Financial goals
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-short term
-medium term
-long term
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Fixed Expenses
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-Rent
-Cable/internet
-Car payment
-insurance
-Goals/emergency fund
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Varies month to month
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-Entertainment
-food dining out
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Latte Factors
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unecessary expenditures that you buy each month
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Budgeting tips
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-pay self 1st
-potluck dinners with friends
-dont impulse purchase
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Jason D Jennings, FACHE, Cheif executive officer
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-143 bed hospital
-NICU to ICU
-Hire 300+ staff & 50-75 physicians
-Hospital Staff
-275 physicians in College station
-247 volunteers
-Joint commission survey
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____ Percent of patients are harmed by hospital care
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25%
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What do Grocery stores and hospitals have in common
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Bar Code Scanning
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EPIC
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-electronic medical record
-can view insurance without repeating paperwork
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Finance
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Study of savings, investment & risk; describes ways in which individuals form or should form investment portfolios the ways firms make or should make investment decisions and how they best pay for investments and the way in which markets, institutions, regulators and government facilitate…
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Corporate Finance
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Focuses on the financial decisions of the business firm
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Investments
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Application of scientific tools to personal investment decisions
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Financial institution and markets
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describes role of banks regulates and often institutes intrinsic to the financial system, explaining the ways in which financial markets operate and analyze the determination of intereset rates
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Time value of money
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principle that invested money grows over time by carrying interest or some other form of return
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Compound growth
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compounding of interest over time with eachh additional time period, interest returns
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stock
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portion of ownership of a corporation accumulation
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common stock
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most basic form of ownership including voting rights and major issues in the company
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Dividend
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payment to shareholders on a open share basis out of the companies earnings
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Blue-Chip Stock
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common stock issued by a well established and respective company with a sound financial history and a stable pattern of dividend payout
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Bonus ?
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Your beliefs become your thoughts
your thoughts become your words
your words become your actions
your actions become your habits
your habits become your values
your values become your destiny
-Ghandi
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MGMT 105: EXAM 3