Crack The Ancient Code

Visitors to a Tyneside Museum are being invited to turn detective.As part of its Egypt Revealed: Life and Death in Ancient Egypt exhibition, the Hancock Museum in Newcastle is asking people to decode a message in hieroglyphics. If you can crack the code you could win some Egyptian-themed goodies. The word hieroglyphics comes from the Greek "hiero", meaning sacred, and "glyphos", meaning carving. They were written on the walls of temples and tombs and were used to record important information about religion, the pharaoh or government records. For centuries hieroglyphics remained a mystery to the modern world but the discovery of thein 1799 helped give archaeologists a better understanding of what carvings meant.Egyptologist Gillian Scott is pictured here with a message in hieroglyphics. The Hancock Museum is open Monday to Saturday 10am-5pm and Sunday 2pm-5pm. The gearing ratio, asset turnover ratio, profit margin, effective tax rate and payout ratio all correspond to key steps in the business process. And their arithmetical expression shows that, if multiplied together so that their numerators and denominators cancel out, they boil down to dividends divided by equity - ie, the dividend yield. If we look at these ratios in turn, we can see that what they are measuring can be identified as subprocesses within the total. Now we need to shift our thinking to the Rosetta Stone Software right brain to identify the reality of these processes and the relevance of financial ratios for the broader management of the business. Figure 2 identifies the inputs and outputs of the activities that the financial ratios are measuring. These are the responsibilities of the functions represented in the boardroom or at the cross-functional review. If the link can be made, there is a chance for everyone to see their contribution to financial results and to debate wider issues in that context. Every business starts with a plan. The planning process in this case is given the grand title of "strategic management" to reflect its importance as the model's foundation. But it's not until planning translates into action that finance is required. Funding is available from a combination of sources and the gearing ratio measures the respective contributions of equity and borrowings. The funds generated allow the firm to establish its asset base. In doing so it's crucial for it to understand customer requirements, which specify the people and facilities it will use. The capacity that's made available is used to produce goods and services from the goods and services that are purchased from suppliers. The price at which these are sold determines how the value added is shared between the customer and the company - the latter's share determining the profit it retains. A portion of that profit is deducted in tax and a further slice is then considered for distribution as dividends or retained for reinvestment. Such reinvestment adds to the amount of equity vested in the firm.

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