Business Reference.ppt

Business Reference Beth Kaylor -- Faculty Development -- October 31, 2008 Public, private or non-profit Private is less than 300 shareholders The majority of companies are private – about 98% To quotes Forbes: “Private means private!” No reporting requirements Little information is available If a public company chooses to “go private” the old filings will remain available through the SEC What can you find for private? Hoovers Handbook of Private Companies Reference HG4057 .A286213 Databases BSP ABI Mergent Local business journals Secretary of State (required filing) Non-profit organizations More of an industry than a category of “company.” Very little information available about the financial operations Don’t have required government filings Chairman of the Board letter Description of the charity, causes, actions, accomplishments, etc. of the organization Directors and Officers Financial statement CPA Opinion letter, Income statement, Balance sheet, footnotes Databases? Databases SIC and NAICS SIC Standard Industrial Classification Last updated in 1987 New technologies do not fit NAICS North American Industrial Classification Same number across countries – last four change SIC and NAICS Hierarchy Where to find them Easy? Mergent or BSP Census Bureau webpage C Manual -Ready Ref ?HF1042 .N67 ?2007 Conversion – Census Bureau C No search for SIC and NAICS 2007 – have to use 2002 Ohio Labor Market Crosswalk O Resources for Financial Ratios 3 main sources for industry ratios Shelved together in Reference Each gets their information from different sources Numbers will be different but can be used together to get a complete picture of the industry Grouped by product code RMA Annual Statement Studies Reference HF5681.B2 R6? Contains composite financial data on manufacturing, wholesaling, retailing, service, and contracting lines of business. comparative data Comes directly from the financial statements of small and medium-size business customers of RMA’s memb