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TASK 1 AND TASK 2

Implications Of Finance As A Resource Within A Business

In line with reasoning by Gartner and Birley (2002), I argue that some questions will not or cannot be asked when undertaking quantitative research. A qualitative approach is appropriate when addressing the “whys and hows” (Yin, 1984). Moreover, Eisenhardt (1989) emphasises that a qualitative approach can make a significant contribution to theory development when key themes are weakly developed. Thus, I chose to undertake a comparative case-based study of five experienced business angels in Norway.

Previous research within the field has shown us that it can be extremely difficult to identify informal investors, as they often prefer to remain anonymous . Moreover, point out that random selection is not necessary and not even desirable when doing qualitative research. For instance, have categorised informal investors in accordance with the investors' investment activity and competence. They have four categories of informal investors:

Lotto Investors (low activity, low competence);

Traders (high activity, low competence);

Analytical Investors; and

“Pure” Business Angels.

Assignment 3

TASK 1

The Principal tool of Cash Management is Cash Budgeting or short-term Cash Forecasting. Usually the time chosen for making short-term forecasts for preparing cash budgets is taken to be one year. For the purpose of better monitoring and control, however the year is divided into quarters, quarters into months and months into weeks. Under critical conditions a week is further divided into days.

 

Cash Budget becomes a part of the total budgeting process under which other budgets and statements are prepared. The information generated during the preparation of Operating Budgets such as Sales Forecasts, Wages and Salaries, Manufacturing expenses, overheads etc. will become useful. While the Operating Budgets are prepared based on the principal of accrual, Cash budget is concerned with Cash inflows and outflows.

Initially it will be useful to prepare a work-sheet containing items of Cash inflows and outflows and the net cash flows. At this state, one can have an idea of cash by scrutinizing the pattern and the amount of Inflows and outflows to see whether some of the items of outflows can either be advanced or postponed so that the outflows are not clustered during certain months. This is possible only with discretionary payments, such as, payment for the purchase of capital equipment, non-recurring items of outflows for Research and Development activities etc. While these are important, no significant impact on the profitability of the company is likely to be felt if these items of Cash outflows are differed by a couple of Months.

TASK 2

After going through all the techniques it is found that Project A is better option.

TASK 3 and TASK 4

Departments are responsible for identifying the full cost (both direct and indirect) of all research projects to be supported by external funding. Departments should ensure that (and be able to demonstrate that) robust methods have been used to determine resource requirements (including time allocation and access to facilities).

The FEC of all externally-funded research projects is calculated using the University's costing and pricing tool ...