Corporate Aims

Internal influences on corporate objectives and decisions

External influences on corporate objectives and decisions

Short-Termism

What might cause Short-Termisim?

Consquences of Short-Termisim

Stragetic Decision Making

What is a SWOT Analysis?

SWOT ANALYSIS

Advantages of SWOT Analysis

Disadvantages of SWOT Analysis

Return On Capitial Employed

Capital Structure Objectives

What is Gearing?

Gearing %

Rewards of High Gearing

Risks of High Gearing

Non-Current Liabilites

Share Capital

Loans

What is a Balance Sheet?

Non-Current assets

Current Assets

Current liabilities

Long-term liabilities

Capital and reserves

Net current assets

Liquidity

Current ratio

Net assets

What is an income statement?

Income statement

Revenue

Cost of sales

Gross profit

Expenses (overheads)

Operating profit

Exceptional items

Finance income

Finance expenses

Profit before tax

Profit for the year

Earnings per share

What is ratio analysis?

Uses of ratio analysis

Limitations of ratio analysis

Profitably

How might a firm measure its size?

Gross profit margin %

Operating profit margin %

What does ROCE do?

I

Receivables days

Payable days

What are the main ways a business can measure its performance and success?