Essay on financial analyst

Submitted By charliemac78
Words: 6392
Pages: 26
Open Document
Module 3 – Assignment 1
Practice Case Examination
Backgrounder
The background information relating to the Case Examination (Backgrounder) is provided to candidates in advance of the examination date. The Backgrounder contains information about both the company and the industry involved in the case. Candidates are expected to familiarize themselves with this information in preparation for the analysis that will be required during the Case Examination.
Candidates should note that they will not be allowed to bring any written material, including the advance copy of this Backgrounder, into the examination centre. A new copy of this Backgrounder, together with additional information about the company and a supplement of formulae and tables, will be provided at the writing centre for the
Case Examination. Only the following models of calculators are authorized for use during the Case Examination:
1. Texas Instruments
2. Hewlett Packard
3. Sharp

TI BA II Plus (including the professional model)
HP 10bII+ (or HP 10bll)
EL-738C (or EL-738)

Candidates are reminded that no outside research on the industry related to this case is required. Examination responses will be evaluated on the basis of the industry information provided in the Backgrounder and the question paper (Additional Information).

© 2013 The Society of Management Accountants of Canada. All rights reserved.
®/™ Registered Trade-Marks/Trade-Marks are owned by The Society of Management Accountants of Canada.
No part of this document may be reproduced in any form without the permission of the copyright holder.

Backgrounder

Practice Case Examination – M3A1

Aqua Fish Canada Inc. (AFC)
Backgrounder
May 2002 to April 2011
Overview
Aqua Fish Canada Inc. (AFC) is a privately owned, Canadian company involved in aquaculture in the Maritimes. Aquaculture is the cultivation and harvesting of fish in a natural or manufactured environment. Federally incorporated on May 1, 2002, AFC has established a reputation for delivering a quality product – Atlantic salmon – on a timely basis from its profitable fish farms and is a growing, commercial operation. AFC builds and maintains fish farm facilities; hatches, feeds, grows, and harvests Atlantic salmon; and distributes the unprocessed fresh fish mainly to customers in Canada and the northeastern U.S.

Company History
In early 2002, three Maritimers with backgrounds in the fishing industry (Joel Palango, Wendy
Starky, and Jeanne Poirier) decided to search for potential investment opportunities that would help the local Maritime economy. They observed that, with access to plentiful water and site resources, a large workforce with a background in fishing, and governments eager to create employment, the aquaculture industry was growing along the eastern coast of
Canada. Although they knew that there would be no revenue until the first fish grew large enough to sell, they were prepared to wait several years to realize a return and they decided to invest in an aquaculture business. Aqua Fish Canada Inc. was incorporated and the first decision made by the three shareholders was to establish an Atlantic salmon aquaculture farm. Guy Mills, an experienced aquaculture executive, was hired to build the business from the ground up. The first farm site was established within six months and operations began in
November 2002 with the first spawning of fish. By October 2004, a sufficient number of farmed fish had reached a marketable weight and AFC harvested its first batch of salmon.
Over the next five years, the company established three more salmon farm sites in three provinces as shown in Table 1 below.
Table 1
AFC Aquaculture Sites
Site 1
Site 2
Site 3
Site 4

Province
New Brunswick
Nova Scotia
New Brunswick
Quebec

Date of First Spawning
November 2002
November 2003
November 2005
November 2007

Date of First Fish Harvest
October 2004
October 2005
October 2007
Show More

Related Documents: Essay on financial analyst

Financial Analyst Essays

categories (Fundamental Analysis and Technical Analysis) that are permanently significant and vital for investment decisions. Fundamental analysis is usually performed by fundamental analysts that analyse the company characteristics, strategy, management and most importantly the financial Data. On the other hand, technical analysts analyse the stocks based on charts, volume and most importantly the price movement in the market. In this report, a sophisticated Fundamental Analysis as well as Statistical…

Words 853 - Pages 4

Essay Financial Analyst

Knowing your Audience Paper and Communication Release BCOM/275 March 27,2013 Knowing your Audience Paper and Communication Release Video Communication to the Families of the trapped miners Please be advise that we experience a tragedy where a tunnel collapsed resulting in 33 employees trapped in a cave underground on August 5th , for 17 hours , at that time we have no way of knowing the fate of your love ones. A small bore hole was drilled down deep enough to reach the workers. They…

Words 771 - Pages 4

Financial Analysis: You Are An Investment Analyst

You Are an Investment Analyst Amazon versus eBay Angelia Bradley Professor Timothy Carr Financial Accounting December 11, 2012 Amazon versus eBay Jeff Bezos, founded Amazon.com in 1994 when he left his job as Vice-President of the Wall Street firm D.E. Shaw to move to Seattle. After reading a report that projected annual Web growth at 2.300 percent he launched his website in 1995. He began drawing up a plan to sell a list of products on the internet. Bezos narrow his list…

Words 1134 - Pages 5

Financial Ratio and Investment Banking Analyst Essay

informed about what’s going on in the market at every moment. Many events occurring in the markets can affect the wide variety of industries available. For example, the fall in oil prices affect the energy sector, airlines sector, financial sector, and many more. Analysts, as well as professionals, need to be informed on where competitors stand in the market, and this can be done through many services that can monitor and analyze real-time market data. One popular service that can meet all these…

Words 1717 - Pages 7

Ethics in Financial Reporting Essay

Significant Points of a Financial Analyst Career | * An individual with a great financial analyst salary in most cases has great interpersonal skills and an aptitude for working with numbers are among the most important qualifications for financial analysts and personal financial advisors. * Keen competition is anticipated for these highly paid positions, despite rapid job growth; those who have earned a professional designation or an MBA are expected to have the best opportunities.…

Words 3462 - Pages 14

Essay on Ecomomic Project

Economic Project After graduating high school, two of my potential career paths are to pursue pharmacist or a financial analyst. Pharmacist is a person who is professionally qualified to prepare and dispense medicinal drugs, advises the medical staff about drug selection and effects, monitors drug regimens, and prepares sterile IVs. An entry level job for a pharmacist is a Pharmtech, Pharmacy Technicians are referred to as pharmacy technologist, assistants, or aids. To become a pharmacist, you have…

Words 591 - Pages 3

Finance: Financial Ratio Analysis Essay

Fundamentals, Techniques & Theory CASH FLOWS AND FINANCIAL RATIO ANALYSIS CHAPTER TWO ANALYSIS OF THE STATEMENT OF CASH FLOW AND FINANCIAL RATIO ANALYSIS “Patience is the best remedy for every trouble.” Plantus, Titus Maccius (c. 254- 184 B.C.) “Be not afraid of going slowly; be only afraid of standing still.” Chinese Proverb Learning Objective The Statement of Cash Flow provides valuation analysts with valuable information about an entity’s operating investment and financing…

Words 4704 - Pages 19

dot-com crash Essay

provide advisory financial services, help the companies price their offerings, underwrite the shares, and introduce them to investors. They are paid a commission based on the amount of money that the company manages to raise in the offering. The “buy-side” refers to institutions that do the actual buying and selling of public securities, such as mutual fund companies, insurance companies, hedge funds, and other asset managers. There are two main roles on the buy side: analysts and portfolio managers…

Words 2063 - Pages 9

Essay on Management Analysts

Management Analysts The career that I have chosen for my prevalence would be Management Analysts. This occupation pertains to the following ; Management Analysts , often called Management Consultants provide ways to improve an organization’s efficiency.They advise managers on how to make organizations more profitable through reduced costs and increase revenues. The duties of a management analysts or consultant is( are ) the following: * Gather and organize information about the problem to…

Words 846 - Pages 4

Different Types Of Occupations

After I search the outcome of Personal Globe inventory in the O' Net website, I find three new occupations which is most similar to my profiles. They are Architectural Drafters, computer Programmers, and Financial Quantitative Analysts. I will analyze these occupations from different aspects one by one below. The first occupation is an Architectural drafter; it has several tasks to meet. One of task is operating computer-aided drafting (CAD) equipment or conventional drafting station to produce…

Words 1264 - Pages 6