Asset

exhaustive. La Titrisation : La titrisation de créances (ou ABS – Asset Backed Securities) est une technique financière utilisée par les banques pour transformer des actifs illiquides en titres liquides. Il s’agit d’une opération financière adossée à un portefeuille d’actifs à des fins de financement et/ou de transfert de risques. Elle donne lieu à une émission de titres sur les marchés de capitaux, adossés à des actifs sous-jacents (asset-backed). Certaines opérations de titrisation sont faites dans

$3.75 _X_Generic at $2.75 • Preference Which box of cornflakes would you prefer? Brand X Brand Y [47%] [53%] Kelloggs [59%] Brand Y [41%] How to measure brand equity? • Stock Prices relative to tangible assets 70% 60% 50% Value of Brand Name Value of Tangible Assets 40% 30% 20% 10% 0% In 1988, Sunkist earned 10.8 Million for (1) Sunkist Fruit Gems (produced by Ben Myerson) (2) Sunkist Orange Soda (produced by Cadbury-Schweppes) (3) Sunkist Fruit Roll ups (produced by Lipton)

ﻣﺴﺘﻬﻠﻚ ﻏﻴﺮ ﻣﻘﻴﻢ وﺗﺸﻤﻞ ﺧﺪﻣﺎت اﻟﻨﻘﻞ واﻟﺴﻔﺮ واﻻﺗﺼﺎﻻت واﻟﺘﺸﻴﻴﺪ واﻟﺘﺄﻣﻴﻦ واﻟﺨﺪﻣﺎت اﻟﻤﺎﻟﻴﺔ‬ ‫وﺧﺪﻣ ﺎت اﻟﻜﻤﺒ ﻴﻮﺗﺮ واﻟﻤﻌﻠﻮﻣ ﺎت وﺣﻘ ﻮق اﻻﻣﺘ ﻴﺎز ورﺳ ﻮم اﻟ ﺮﺧﺺ وﺧﺪﻣ ﺎت اﻷﻋﻤ ﺎل واﻟﺨﺪﻣ ﺎت اﻟﺸﺨﺼ ﻴﺔ واﻻﺟﺘﻤﺎﻋﻴﺔ‬ ‫واﻟﺜﻘﺎﻓﻴﺔ واﻟﺘﺮﻓﻴﻬﻴﺔ واﻟﺨﺪﻣﺎت اﻟﺤﻜﻮﻣﻴﺔ.‬ ‫‪external assets and liabilities account‬‬ ‫‪compte des actifs et passifs extérieurs‬‬ ‫ﺣﺴﺎب ﺧﺎرﺟﻲ ﻟﻸﺻﻮل واﻟﺨﺼﻮم‬ ‫ﻳﻌﻜﺲ ﻣﺴﺘﻮى وﺗﺮآﻴﺐ ﻣﺨﺰون اﻷﺻﻮل اﻟﻤﺎﻟﻴﺔ واﻟﺨﺼﻮم ﻓﻲ اﻻﻗﺘﺼﺎد اﻟﻨﺎﺗﺠﻴﻦ ﻋﻦ ﺣﺴﺎﺑﺎت اﻟﻤﻌﺎﻣﻼت وﺣﺴﺎﺑﺎت اﻟﺘﺮاآﻢ‬ ‫اﻟﺨﺎرﺟ ﻴﺔ. وﻳ ﺘﻜﻮن ه ﺬا اﻟﺤﺴ ﺎب ﺑﻜﺎﻣﻠ ﻪ ﻣ

functionality(enterprise activities) Principle of separation of processes and resources Principle of separation of resources, roles and organisation units Salah BAINA 18   Applications   Strategic Planning and IT Governance Business/IT Alignment IT Assets Management (Portfolio Management) Enterprise Engineering / Business Improvement and Rationalisation BPM / CPI Enterprise Integration/ Interoperability Change Management Cost and Risk Management Auditing Salah BAINA 19       

utilisés sont les suivants : Return on investment ( ROI) Return on equity (ROE) Profit margin Market share Debt to equity Earning per share Sales growth Asset growth Exemple d’une structure pour mesurer la performance de l’entreprise Facteur Résultat actuel Résultat attendu Ecart Action corrective ROI Asset growth 2. Les critères qualitatifs la cohérence interne de la stratégie la cohérence entre la stratégie et l’environnement le degré de risque

meet its short-term obligations. ACTIVITY RATIO:   | Successor dec 31, 2009 | Predecessor dec 31,2008 | Industry average | Inventory turnover | 11.10% | 11.30% | 5.20% | Average collection period | 26 days | 19 days | 27 days | Total assets turnover | 1.75 | 3.3 | 2.1 | The General Motors’ inventory turnover was twice the industry average in both years. In 2008, General Motors recorded their inventories under the LIFO methods where their cost of goods sold came from the oldest purchases

PERFORMANCES ANNUELLES NETTES DE FRAIS 2011 2009 2008 2007 -21,56% FCPE 2010 7,99% 18,55% -33,87% • Périodicité de valorisation Quotidienne 4,06% • Date de lancement 31/12/93 • Société de gestion BNP Paribas Asset Management EVOLUTION DE LA VALEUR LIQUIDATIVE SUR 5 ANS GLISSANTS • Dépositaire BNP Paribas Securities Services • Modalités des souscriptions/rachats Vous trouverez les détails concernant les ordres de souscription et de remboursement dans

world, headquartered in Paris with its second global headquarters in London. The firm is a universal bank split into three strategic business units: "retail banking", "corporate & investment banking", and "investment solutions" (which includes asset management, custodial banking, and real estate services.) The company is a “Societé Anonyme, which has a quotation at the Euronext named BNP and a quotation at the Pink Sheets name BNPQY. Its industry concerns the financial services, the firm

enterprises to present a cash flow statement. 2. 3. Benefits of Cash Flow Information 4. A cash flow statement, when used in conjunction with the rest of the financial statements, provides information that enables users to evaluate the changes in net assets of an enterprise, its financial structure (including its liquidity and solvency) and its ability to affect the amounts and timing of cash flows in order to adapt to changing circumstances and opportunities. Cash flow information is useful in assessing

because there are not allowed to be shareholders in a corporation. Balance sheet = Liabilities and equity Short-term liabilities Long-term liabilities Borrowing by banks Bounds external financing which is used to Equity buy long-term assets Common stocks Preferred stocks Retained earnings In this lecture, we will study external financing. In the USA, public corporations find their financing on financial markets. Approximately, 70% persons of long-term financing of public corporation