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  • International Journal of Economics and Financial Research

    Online ISSN: 2411-9407
    Print ISSN: 2413-8533

    Frequency: Monthly


    Archives

    Volume 1 Number 2 May 2015

    Analytical Investigation of Financial Planning and Control Practices: A Case Analysis


    Pages: 24-34
    Authors: K.Sivakumar
    Abstract
    Financial is the result of an organized process that is commonly referred to as money management or financial planning and control. Financial planning is the process of managing money to achieve economic satisfaction. This planning process allows for controlling financial situation. Every organisation has a unique financial position, and any financial activity therefore must also be carefully planned to meet specific needs and goals. A comprehensive financial plan can enhance the quality of organisation life and increase future needs and resources. The specific advantages of personal financial planning include Increased effectiveness in obtaining, using, and protecting your financial resources throughout your lifetime The objective of the present study was to study the financial planning and to analyze the financial control. The tools applied for this study are Additional Fund Needed, Breakeven Analysis, Index analysis etc, findings reveals that the additional fund needed was increased during the study period.  The company has to reduce the additional fund needed, dividend payout ratio, plant capacity and in order to increase the retained earnings and profit margin. For most companies, planning and controlling is a necessary but painful process. Unfortunately, it is often a prolonged exercise that takes so long that the starting assumptions are virtually meaningless by the time the process is complete. Add to that the rapidly increasing need for reporting and controls, both from investors and to meet regulatory requirements. As per the above observations and analysis the company will have to improve its financial planning and control for the upcoming years.



    Information Content of Dividend Announcement: Analysis of the Oil and Gas Sector in Nigeria Using Event Studies and Back Testing


    Pages: 13-23
    Authors: Aik Nai Chiek ; Mfon N.U. Akpan
    Abstract
    The objective of this article on information content of dividend announcement and stock price movement, using data drawn  from oil and gas sector is   to  establish if there is any relationship between dividend announcement and stock price movement  in the oil and gas sector in support/or not  of signaling  hypothesis  in Nigeria. Using Event studies and back testing methodology. The research period is from 2009-2013.Result have confirmed that dividend change has a statistically significant value to investors. A dividend increase and dividend decrease resulted with a statistically stock price change in the same direction, but dividend retention resulted with no statistically significant stock price change.