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Business Research for “Non-Business” Librarians OLA Superconference February 4, 2005

Business Research for “Non-Business” Librarians OLA Superconference February 4, 2005. Helen Katz Manager Research & Information Services Ontario Ministry of Finance. Outline. Business and Management Topics People Industry Codes Companies Industries. Business and Management Topics.

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Business Research for “Non-Business” Librarians OLA Superconference February 4, 2005

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  1. Business Research for “Non-Business” LibrariansOLA Superconference February 4, 2005 Helen Katz Manager Research & Information Services Ontario Ministry of Finance

  2. Outline • Business and Management Topics • People • Industry Codes • Companies • Industries

  3. Business and Management Topics • Terminology • Sources

  4. Terminology • Dictionaries • Google – define function (still need to evaluate sources) Example: Define: initial public offering

  5. Sources of Management Information • ABI/Inform Proquest – Dialog, Factiva, Lexis, Firstsearch • Business and Management Practices - Dialog • Business Periodicals Index (Wilson Business Abstracts) – Firstsearch, Dialog • Canadian Business and Current Affairs (CBCA) – Dialog, FPInfomart

  6. Proquest - ABI/Inform Classification Codes 9110 Company specific 9120 Product specific 9150 Guidelines 9160 Biographical 9510 Multinational companies 9520 Small business 9540 Nonprofit institutions

  7. People • Biographical sources • Regulatory filings • News & magazine articles

  8. People • Company officers • Directors

  9. People Sources • Company web sites • Canadian Who’s Who / Who’s Who in Canada • FP Directory of Directors - FPInfomart • Standard & Poor’s Register of Corporations, Directors, and Executives – Dialog, Lexis • Annual Information Form, Proxy statement • News articles from business periodicals, national or local newspapers – FPInfomart, Factiva, Dialog, Lexis

  10. Industry Codes • NAICS – North American Industrial Classification System http://www.statcan.ca/english/Subjects/Standard/naics/2002/naics02-index.htm • SIC – Standard Industrial Classification

  11. Other Industry Codes • Product Codes • Trade Codes • International Harmonized Commodity Description and Coding System (HS) is used for classification of foreign trade

  12. Companies • Public or Private • Large Companies • Financial Information • Regulatory Filings

  13. Basic Company Information • Company address • Officers and directors • Background/history • Financial • Investment/stock • Corporate families • Bankers/Accountants/Lawyers

  14. Basic Company Sources • D & B Canadian Key Business Directory - Dialog • D & B Principal International Businesses - Dialog • Standard & Poor’s Register of Corporations, Directors, and Executives – Dialog, Lexis • ReferenceUSA Canadian Business Data • Scott’s directories Specialized directories – by geography or industry

  15. Companies • Private company does not sell securities (shares) to the public • Federal or provincial registration • Federal Corporations Data Online • http://strategis.ic.gc.ca/cgi-bin/sc_mrksv/ corpdir/ dataOnline/search.cgi?lang=e • Public company sells securities to the public • Has greater disclosure responsibilities

  16. Companies in Canada • 2,228,572 Canadian companies (June 2003 Business Register) • 24,052 companies with 100 or over employees • About 1,400 companies listed on TSX • Over 2,000 companies listed on TSX Venture Exchange

  17. Large Companies • Financial Post 500 • Canadian Business Investor 500 • ROB Top 1000 (Globe & Mail)

  18. Fiscal Year • Full year of operation • Date to end the year is set for financial purposes • Often December 31 • for retail – January 31 (or 52 weeks ending early January)

  19. Financial Statements Six components: Auditor’s Report Earnings Statement Balance Sheet Retained Earnings Statement of Changes in Financial Position Notes to Financial Statements

  20. Auditor’s Report • Generally Accepted Accounting Principles (GAAP) • U.S., Canadian, International • Opinion of auditor

  21. Earnings Statement • Income Statement, Statement of Revenue & Expense, Profit Statement, Results of Operations • Operating Income – earned from operations of company • Other Income – investment income • Money earned & spent over the course of the fiscal year

  22. Earnings Statement Revenue from Sale of Goods Expenses incurred from Sale of Goods Operating Income Non-operating Income Income before Taxes Income Taxes Net Income

  23. Balance Sheet Three parts: Assets Liabilities Shareholders’ Equity Snapshot at the end of the fiscal year

  24. Assets What is owned by a company • Cash & investments • Inventories • Property (land & buildings) • Equipment What is owing to the company • Accounts receivable

  25. Liabilities What a company owes • Payments • Loans • Bonds Definition of Current Assets and Current Liabilities

  26. Shareholders’ Equity • Shareholders’ ownership or investment in company • Capital stock • Earnings retained (Cumulative retained profit) Difference between value of capital stock and market capitalization

  27. Retained Earnings • Link between Earnings Statement & Balance Sheet • Cumulative profit • Also known as Consolidated Statement of Shareholders’ Investment

  28. Retained Earnings Retained Earnings, Beginning of Period Net Earnings for the Period Dividends Declared Retained Earnings, End of Period

  29. Statement of Changes in Financial Position • Cash flow statement • Shows how cash is generated & spent • Certain items are on financial statement as a cost, but there is no money spent

  30. Statement of Changes in Financial Position Operations Investment Financing Increase (Decrease) in Cash Cash, at Beginning of Period Cash, at End of Period

  31. Notes to Financial Statements • Integral part of financial statements • Explanation and details of information found in financial statements Guides to Reading Financial Statements (note that these are all pre-Sarbanes-Oxley) www.prars.com/ibm/ibmframe.html http://instruction.bus.wisc.edu/corecourses/..%5Cmcarpenter/readings/financereport.pdf

  32. Annual Report • Management Discussion & Analysis • Auditor’s Report • Financial Statements • Notes to Financial Statements • 10 Year Summary (usually) • Promotional/additional material in annual report

  33. Quarterly Report • Unaudited financial statements • Comparison to previous quarter and to same quarter previous year • Interim management discussion & analysis • Proforma financial statements • EBITDA (Earnings before interest, taxes, depreciation, and amortization)

  34. Proxy Statement • Announcement of annual general meeting • Selection of board of directors, auditors • Provides details of executive compensation • Lists major shareholders (over 5% in U.S.; over 10% in Canada)

  35. Insider Trading • Rules and regulations for directors and officers of companies regarding the sale or purchase of company stock

  36. Disclosure • Prompt disclosure of material information • Definition of material • Sarbanes-Oxley Legislation (U.S.) • Executive certification of disclosure • Shortening of reporting deadlines • Impact on Canadian rules • Fair Disclosure (FD) regulation (U.S.) • Impact on Canadian regulation

  37. Common Filing Documents • Annual Report • Management Discussion & Analysis • Annual Financial Statement • Quarterly Report • Management Information Circular (Proxy) • Annual Information Form

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