tailieunhanh - Lecture Hospitality financial management: Chapter 7 - DeFranco, Lattin

Chapter 7 explores the time value of money. The concept of time value of money, the market value concept and time value of money calculations are examined meticulously. Time value of money calculations are presented using factor tables, formulas, financial calculator and Excel via use of spreadsheets. | Chapter 7 The Time Value of Money Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Overview Time Value of Money Concept Market Value Concept Time Value of Money Calculations Future Value Present Value Time Period and Compounding Loan Amortization Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Time Value of Money Concept Time Value of Money (TVM) Based on face value and interest that can be earned Present Value (PV) Current value of an asset based on the amount and timing of projected cash flows Future Value Value of an asset some time in the future assuming a compounded rate of interest Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Market Value Concept Present value of an asset based on Projected future cash flows Factoring in the Timing of the cash flow Risk of the cash flow being generated Mix of capital used to finance the deal Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Calculating TVM Calculations can be done utilizing Complicated mathematical formulas Shorter formulas using interest tables Business calculator Computer spreadsheets Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Introduction to the Business Calculator Five basic function keys N = number of years I/Y = interest or discount rate PV = present value PMT = annuity payment FV = future value Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Introduction to the Business Calculator Set the calculator to four decimal places. Steps to follow: Press the “2nd” key and the “.” key The calculator will display DEC = Now enter “4” and press “ENTER” Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Introduction to the Business Calculator Set the calculator to annual compounding. Steps to follow: Press 2nd and I/Y. For new calculators, the factory setting will display P/Y = 12. Press the “1” key and the ENTER key which is on the top row of the calculator. The display will show P/Y = | Chapter 7 The Time Value of Money Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Chapter Overview Time Value of Money Concept Market Value Concept Time Value of Money Calculations Future Value Present Value Time Period and Compounding Loan Amortization Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Time Value of Money Concept Time Value of Money (TVM) Based on face value and interest that can be earned Present Value (PV) Current value of an asset based on the amount and timing of projected cash flows Future Value Value of an asset some time in the future assuming a compounded rate of interest Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Market Value Concept Present value of an asset based on Projected future cash flows Factoring in the Timing of the cash flow Risk of the cash flow being generated Mix of capital used to finance the deal Copyright © 2007 by John Wiley & Sons, Inc. All rights reserved Calculating TVM Calculations can .

• Quản trị kinh doanh
• Financial management
• Hospitality financial management
• Hospitality industry management
• Time value of money
• Future value
• Present value
• Financial statement
• International trade transactions
• Fundamentals of financial management
• Financial statement analysis
• International financial management
• Quản lý tài chính
• Multinational financial management
• Exchange rates
• Financial environments
• Overview of Financial Management and the Financial Environment
• The financial environment
• Forms of business organization
• Determinants of stock pricing
• Financial instruments
• Practical financial management
• Financial background
• Financial statements
• Financial planning
• Financial system
• Financial ratio
• IT financial management
• Setting the scene
• IT financial management maturity
• Parameters influencing IT financial management
• Costs of IT financial management
• More quantifiable benefits
• Overview of roles
• Analysis of financial reports
• Analyzing financial statements
• Management decision making
• Foundations of financial management
• Review of accounting
• Financial analysis
• Financial forecasting
• The financing decision
• Financial leverage
• Current asset management
• Paper F7
• Revision kit 2016
• Management Financial
• Financial Management Exam Review
• Review of Financial Management
• Study text 2016
• Lecture Multinational financial management
• International financial reporting standards
• Foreign exchange risk management
• Financing decisions
• Investment decisions
• Role of management
• International cash management
• Cash flow analysis
• Centralized cash management
• Intermediate financial management
• Financial options
• Corporate valuation
• Corporate governance
• Financial markets
• Cash flow
• Analysis of financial statements
• Ratio analysis
• Interest rates
• Financial institutions
• Forecasting sales
• Business environment
• Limited liability company
• Common size analysis
• Statement analysis
• Break even analysis
• Break even point