Bank of America Case Assignment: 1. What are the core business processes[1] (high level; major business and financial services) performed at Bank of America as part of its product and service offerings? |Core Bank of America Business Process: |Activities within the Core Process | |people management |recruiting | | |performance management | | |staff development | | |payroll | | |benefits administration | |financial management |general ledger | | |accounts payable | | |accounts receivable | | |reporting and compliance | | |cash management
The House had passed the Oxley bill in April 2002, which was related to the accountability, responsibility and transparency of stating financial status of the company. At the same time Senator Paul Sarbanes had another proposal on the similar lines. He presented the bill to the Senate Banking Committee which passed the bill with a majority. Thereafter both the proposals made by House Representative Oxley and Senator Paul Sarbanes were reconciled to be formed in to one act, which is now popularly known as the Sarbanes Oxley Act. Sarbanes Oxley came into force mainly due to the financial scandals committed by corporate giants like Enron, WorldCom, etc.
The case I will be discussing in my PowerPoint presentation is the United States of America Department of Treasury versus JP Morgan Chase Bank, N.A. Columbus, OH. J.P. Morgan Chase is a global bank and financial services institution and is part of the largest bank holding company in the United States with $2.5 trillion in assets, and is required to adhere to the Bank Secrecy Act and its regulations. The Financial Crimes Enforcement Network a bureau of the U.S. Department of Treasury with authority to investigate banks for violations of the Bank Secrecy Act determined that JP Morgan violated the Bank Secrecy Act, 31 U.S.C. §5318(g) and 31 C.F.R.
Corporate FInancial Management | Aspeon Sparkling Water, Inc. Case | Capital Structure | | | 11/20/2013 | | 1 a. Business risk and financial risks are two primary risks that all the companies face in their day-to-day operations. The following table highlights their differences: | Business Risk | Financial Risk | Definition | Business risk is the risk firm’s common stockholders face if the firm had no debt. It is the risk inherent in the firm’s operations, which arises from uncertainty about future operating profits and capital requirements. | Financial risk is the additional risk that common stockholders face as a result of the decision to finance with debt.
What were the contributing factors to President Bill Clinton’s Economic Legacy? By: Crystal Topor Principles of Economics Bus 221 Mr. Michael Belleman February 21, 2011 Abstract America’s 42nd President of the United States, William Jefferson Clinton, is likely to be remembered for a long-running business cycle expansion and booming economy during his two terms in office. It is largely debated as to whether or not President Clinton was responsible for the Economic upswing that occurred during his Presidency. Many observers credit Alan Greenspan, the Fed chief, with the careful management of the economy, rather than President Clinton. Although Mr. Clinton’s presidency was marred with controversy and scandal, one thing remains clear,
Goldman Sachs Bank on Cultural Capital 1. How would you characterize the economic dimension of the external environment as it forms the background of this story? The economic dimension that forms the background of this story is quite an unstable one. We are brought in at the beginning of a crisis, one that has taken out several of Goldman’s competitors. The mortgage crisis had hit, and Goldman’s was weathering the storm, and despite the odds actually were able to come out ahead.
Specific Issues of International Finance Term Paper Case Study Analysis: Harvard Business School Case Hedging Currency Risks at AIFS Submitted to: Professor Ted Azarmi, PhD Julia Pöschel Student ID: 169609 26th January 2012 1 Table of contents Table of contents ..................................................................................... 2 Introduction .............................................................................................. 3 AIFS Activities and Business Model ..................................................... 3 Types of Risks .......................................................................................... 5 Basic Hedging Techniques ...................................................................... 5 Hedging at AIFS ...................................................................................... 6 Conclusion ................................................................................................ 9 References ............................................................................................... 10 2 Introduction In today’s world where everything is connected, companies such as global players operate worldwide. Due to that they are all confronted with currency exchange changes which can have a huge impact on their business. Currency hedging is a possibility to protect themselves against currency exchange fluctuations. The Harvard Business School Case “Hedging Currency Risks at AIFS” deals with the student exchange organization American Institute for Foreign Study (AIFS). The group faces currency risks due to the fact that it receives most of its revenues in USD but most of its costs incur in EUR and GBP and at the same time it guarantees that its prices will not change before the next catalog, even if changes in currency exchange rates alter its cost base.
Stock Pitch: ANF(NASDAQ: ANF) Linqian Peng • Nan Xu • Dongmei Ye • Wei Zhang TABLE OF CONTENTS Strategy Analysis 1 Industry Analysis 1 Rivalry among Existing Firms-High 1 Bargaining Power of Buyers-High 1 Bargaining Power of Suppliers-Low 1 Threat of New Entrants-High 2 Threat of Substitutes-Medium 2 Firm Analysis 2 Firm’s strategy 2 SWOT Analysis 3 Accounting Analysis 4 Critical Accounts and Success Factors 4 Adjustments and Consistency 5 Effect on Ratios of Capitalizing Operating 5 Adjustments for Leases, Depreciation, or Inventory Accounting 6 One-time Item Adjustment 6 Revenue Recognition Policy 7 Consistency in Accounting Policies 8 Profitability Analysis 9 Abercrombie & Fitch 's Ratios 9 Comparing ratios to competitors 10 Forecasting 11 Forecast Income Statement 11 Forecast Balance Sheet 12 Forecast Cash Flow 13 Valuation 14 Strategy Analysis Industry Analysis Rivalry among Existing Firms-High Abercrombie & Fitch (ANF) has many competitors such as American Eagle, GAP, Forever 21 and Buckle in Clothing industry. Fashion, price, service, store location, selection and quality are the principal competitive factors in this industry. Also, it is very difficult for ANF to differentiate its main products such as knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear to its competitors’ same products only by more special designs and more attractive styles. In addition, customers' loyalty can be easily affected by fashion trend and customer preference, which is very hard to predict. Bargaining Power of Buyers-High Customers are price sensitive for buying Clothes.
Deutsche bank is diversified into three group divisions, which are Corporate and investment banking, Private clients and Asset Management, and Corporate investments. Corporate and Investment banking “The Corporate & Investment Bank Group Division, or CIB, is responsible for Deutsche Bank’s capital markets business, comprising the origination, sales and trading of capital markets products including debt, equity, and other securities, together with our corporate advisory, corporate lending and transaction banking businesses” (db.com). CIB is subdivided into two divisions, which are, corporate Banking & Securities and Global transaction banking. Corporate banking and securities “covers Deutsche Bank Group’s origination, sales and trading of securities, corporate advisory and M&A businesses worldwide”(db.com). Global Transaction Banking covers Deutsche Bank’s cash management for corporate and financial institutions, trade finance business as well as trust & securities services.
Financial Statement Analysis Project FI504 Accounting and Finance: Managerial Use Date: 06/12/2011 Table of Contents Executive Summary…………………………………………………………..3 Brief Background of HP……………………………………………………...4 Environmental Scanning – SWOT Analysis………………………………...5 Major Competitor IBM……………………………………………………..7 Financial Ratio……………………………………………………………….9 Liquidity Ratio……………………………………………………......9 Activity Ratio…………………………………………………….……9 Solvency Ratio…………………………………………….…...……..10 Profitability………………………………………………………...…11 Overall Analysis and Recommendation……………………………...……..12 Recomendation..……………………………………………..……………….13 References……………………………………………………………….……14 I. Executive Summary: This report stands from the point of view of Hewlett-Packard (HP), and discusses about its business condition. In order to put up a clear picture of HP’s business level, a comparison in finance is made between HP and one of its biggest competitors, International Business Machines (IBM). The main criteria of this paper are financial analysis which is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to be invested in. The evaluation is done by focusing on the income statement, balance sheet, and cash flow statement.