Introduction The topic of the study is based on the Santa Claus effect which often occurs annually in December. Santa Claus has both positive and negative effects. The major positive influence of Santa Claus is the market profitability. Some negative effects associated with this character include the fact that consumers...
Abstract This paper will focus on the applicability of Activity Based Costing in Competition Bikes Inc. Activity Based Costing (ABC) is an accounting practice that provides that activity costs should be identified differently. This way an organization can be able to identify the overhead costs that have a significant impact...
Introduction Business financing is a major challenge for companies that seek to implement new projects. Therefore, it is important to review all sources of finance that are available to the company. The sources of funding are broadly classified into internal and external financing. The main sources of internal finance are...
Ethics is defined as the moral principles, which govern one’s or people’s behavior. Starbucks demonstrates moral and ethical behavior to their customers and employees. They have a Mission Statement, which says, “Our missions are to inspire and nurture the human spirit, one person, one cup, and one neighborhood at a...
Introduction The key difference between the direct and indirect methods to make a statement for cash flows resides in reporting the cash flows from operating activity. This section is the first point of the statement for cash flows. Upon using the direct method, this section will comprise calculations for different...
Introduction In simple terms, capital budgeting refers to the process of making decisions of long-term investments. This decision making process allows firms to measure viability of long-term investments and decide whether they should be undertaken. Capital Budgeting Institute of Management of Accountants (2009) defines two kinds of investments made by...
Professional liability is a growing and vibrant industry that plays a significant role in the world economic system. As the business world changes to an information-based and service-oriented economy sustained by monetary markets, fresh and very complex liability risks crop up. Individuals and companies depend on systems of information and...
Challenges and opportunities of Kingsgate Consolidated and ability to create shareholder value The challenges the company will face for the near future is the weak economy in general as well as the exceedingly globalized situation on our planet is how to defend their existing market share from other multinational entities...
Introduction Monitor PLC deals in the manufacturing of the electronic components for sale to the audio-visual industry. Most of its components are sold to companies like Sony, Panasonic and Samsung among others. The company is listed the stock exchange and so its securities are traded there. This paper provides a...
Ratio analysis Liquidity The Porsche AG’s liquidity ratio as measured by current ratio is less than 1 this means that the firm is facing liquidity risk because for a firm to be liquid its current ratio must be more than 1 representing a margin of safety for the creditors where...
Abstract This paper gives an analytical report of financial analysis for a potential investor. Financial data for AstraZeneca for three year period from 2008 to 2010 is used. The study is based on a comparative analysis of historical data of the entity. It concentrates on the statistical highlights of the...
Executive Summary Financial ratios are a fundamental technique in investigating through comparison of companies along with timelines of the liquidity, profitability, efficiency and stability position over a period of time. This technique has been used to analyze the performance of Wesfarmers Limited and Woolworths Limited. Specifically, the company evaluates the...
AT&T is an American public company registered in the New York States Exchange as T, trading as Down Jones or S&P 500 Component. This company operates in the domestic telecommunication services industry and employs over two hundred and ninety five thousand people in the United States alone. This public corporation...
Introduction The financial performance of a company defines and characterizes many of its operational factors, including its competitiveness, potential for growth and overall financial health. Some researchers use the financial performance of a company to understand the economic interests of a company and evaluate the reliability of its present and...
Introduction Financial statement analysis is a quantifying process of identifying the potential, past and present performances of a company (Gowthorpe 2008). Technically, it outlines the process of accounting and categorises the account titles and the amount of money as well. Thorough and technical financial statements with too many arithmetic calculations...
Introduction With its headquarters in Sunset Hills in the United States (U.S.), Panera Bread Company was recently reported by Financial Times as one of the fastest growing companies in the restaurant industry. Panera operates as a Bakery café chain that specializes in producing a number of brands including salads, bagels,...
The choice of the strategy in this situation can be essentially described as the decision of prioritizing either profits or stability. The option of staying within the familiar grounds and being able to utilize the company’s major strong points secures the stable but low income. This is what was the...
Chase International Strategy Chase was seeing the opportunity as an avenue to facilitate investment financing and build its reputation as the go-to bank for all international investment financing. The location of the project would provide some challenges. At the same time, the local circumstances would allow Chase to expand its...
There have been numerous corporate accounting scandals in the past that have compelled regulators to be stricter on firms that do not adhere to ethical and professional codes of conduct. For instance, it can be recalled how Enron and Worldcom caused outcries after going through major financial scandals. The accounting...
Ratio Analysis Liquidity Hyatt’s liquidity ratios as measured by current ratio, net working capital and quick ratio show a decline in Hyatt’s liquidity position from 2009 to 2010 as shown by Table 1. But the net working capital shows that the liquidity position has improved. The quick ratio decline as...
Introduction The collapse of the US-based bank, Lehman Brothers, in 2008 led to a substantial ripple effect on the global financial markets because of the high level of financial contagion. One of the notable impacts entails a decline in the level of liquidity within the financial institutions. The risk premium...
Introduction In 2008, Microsoft offered to acquire Yahoo at $31 per share. The acquisition was to be settled through the transfer of all shares including outstanding. The acquisition price of $31 per share amounted to a takeover price of $44.6 billion. Half of the sum was to be paid in...
Introduction Walmart is a multinational corporation that operates in around 27 countries across the globe. The corporation operates numerous supermarkets with its headquarters in Arkansas. Sam Walton founded Walmart in 1962. The corporation has since opened more than 11,000 stores across the world. The corporation operates under numerous banners in...
Executive Summary Tusker Plc is a building and income improvement merchant business. It has been trading in the building and construction industry for over 50 years. Tusker Plc has been working towards maintaining its UK market and expanding into the Western European Market. Since the 2007/2008 financial crisis, the company...
Introduction Corporate reporting regulation plays a significant role in ensuring that there is transparency and accountability in the financial reports of different organizations (McAuley 2005). Over the recent years, a lot of concerns have been raised regarding the efficiency of corporate reporting regulations (Leuz 2010). Such concerns are attributable to...
Introduction According to the description of the work, the main responsibility of the post is financial planning. This assessment is based on the fact that the company emphasize financial planning as the core role of the accountant. In particular, the company first indicates that one of the undertakings will be...
Increasingly international financial management is involved in global products and financial markets. The globalization movement implies that all the financial decisions, that is, investment, liquidity, and dividend financing must be made in an international context. Companies that operate in two or more countries, multinational corporations (MNC’s) have greatly increased worldwide...
Introduction Kellogg Company was founded in 1906 and later incorporated in 1922 in Delaware (Kellogg Company, 2016). The Company, alongside its subsidiaries, is in the business of manufacturing and marketing ready-to-eat cereal and convenience foods (Kellogg Company, 2016). By January 2, 2016, Kellogg Company had nearly 33,577 workers. The principal...
Introduction This article addresses the different elements of the cash flow statements and their importance to an investor. The chief contents of a cash flow reports include cash acknowledgment documents from the main trading sources and cash expenditure. Its preparation period may be quarterly, semi-annually, or even annually. In addition,...
Introduction This report carries out a strategic evaluation of Aberdeen Asset Management PLC using the fundamental model, cash based and asset based evaluation models. Moreover, the report outlines the major weakness of this model in the valuation of a firm. The report also uses P/E ratio and ratio analysis to...
Introduction The U.S. departmental stores sector is led by prominent brands that offer broad range of products. In this report, two competitor companies that are Macy’s Inc. and Kohl’s Corporation are selected and their financial performance in the last three years is analyzed using common size statements and financial ratios....
Executive summary The financial statements are vital documents that are prepared to communicate the results of operations of a company for a specific trading period. It enables the stakeholders to compare the financial performance of an entity with those of other companies that operate in the same industry. The statements...
Introduction David Jones Limited is a leading chain of high-end departmental stores. The corporate history dates back to 1838. Its head office is located in Sydney, Australia. The company presently operates 35 stores. It has a strong distribution network with two warehouses. The company also sells high-end products through its...
Capital budgeting decisions Part a – calculation In the calculations, revenue will be the sum of expected prize revenue and market/other revenues. On the other hand, the expenditure will be the sum of general expenses, base salary, depreciation, and salary bonus. Salary bonus and general expenses are variable costs and...
About the company Coats Group is a global leader in the industrial thread and consumer textile crafts business. Also, it comes second after YKK Group in the production of zips and fasteners. Currently, the company has a presence in 50 countries that are located on six continents. In addition, it...
Introduction Investment is a part of contemporary economic activities. It serves a number of purposes for investors. One of them is the generation of profits (Abdul-Rahman 2010). Investment can be analysed from an economic perspective. To this end, it involves the acquisition of products for future consumption. The acquisitions are...
Introduction In their capacity as advisers to proprietors of small and medium-sized enterprises, accountants grapple every day with problems related to sources of funds to various business enterprises. Profitable investment opportunities fail to see the light of the day due to limited sources of funds to implement them. The issue...
Multi-step and single-step income statement The single step process of preparing an income statement involves the determination of the total revenues and the total expenses of the company and finally determining the net income of the business in only a single step through the process of subtracting the total expenses...
Introduction Auditing represents a process of assessing and evaluates the efficacy of an entity’s internal management systems and resource use designs. Developing and enhancing effective internal management systems plays an important role in achieving the entity’s goals, missions, and objectives. Through auditing, companies develop structures of acquiring viable financial reporting...
The presentation of financial information is a crucial exercise for business enterprises. It enables the business managers to understand the financial performance of their enterprises and make important decisions regarding their operations. It is also used by the other stakeholders to determine their future engagement with the companies based on...
About the company Adidas Group is a multinational company that is based in Germany. The company was established in 1924 and it has grown tremendously over the years. At the moment, it has a presence in over 160 countries across the globe (Adidas Group 1). The Group is a public...
Executive Summary This report is directed to the board of directors and regards procurement and supply. Over the years, the importance of procurement and supply function in business enterprises has continued to increase. The report addresses key procurement and supply issues including opportunities for procurement and supply function to create...
Introduction This report is aimed at analyzing the various ways through which Sheraton Hotel and Resort creates and adds value in its operation. Background to the study According to Barnes (2006, p.38), value addition refers to the various strategies that an organization undertakes in an effort to improve the products...
Abstract When analyzing company performance, it is essential to take into consideration the different methods and techniques that are recommended for company analysis. The paper explores what sensitivity analysis is all about and how analysts use it in making decisions that relate to capital budgeting. This is only possible where...
Outsourcing refers to the tendency of a Company’s owners to turn over the liability of the organization concerning information system operations and applications to an outside organization. This exercise is largely entrusted to be cost-saving and to free the financial resources of the company to other functions. Information Technology on...
Introduction The performance assessment of Riverview Community Hospital (RCH) revealed that the organization had been experiencing some difficulties during the years 2007-2008; the problems could have been caused by the world crisis and seem to have been resolved with the help of the long-term (LT) debt increase. The revenues of...
Hyatt Inc. is a company in the hotel industry, and its operations are affected by various factors. Conducting financial analysis of the company will help improve its performance in the industry. The industry has many companies competing in the global markets. The financial ratios of the company will help develop...
Introduction The present paper is an analysis of the financial statement of Wendy’s and Domino’s. The paper is divided into three broad sections – comparison of the company’s financials, ratio analysis and cash flow analysis. The research is based on the data derived from the annual reports of Wendy’s and...
Executive summary The paper carried out a comprehensive financial statement analysis of Saudi Cement Company. The paper focused on coming up with the common-size statements for the company and ratio analysis. The ratios that were calculated are the short-term solvency ratio, long-term solvency ratios, coverage ratios, asset management ratios, profitability...
Introduction In finance, Gap analysis refers to a process of enhancing an organization’s fiscal performance by evaluating the cause of the gap between existing outcomes and the long-standing objectives. As such, the analysis evaluates the differences between a company’s real financial performances alongside its prospective financial performances. With respect to...
Introduction ABC Golf Equipment Corporation is considering changes in its capital structure. The capital structure of a company represents the combination of equity and debt utilized by the company to finance its assets (Brigham & Ehrhardt, 2007). The current capital structure of ABC Gold Equipment comprises of equity only. The...
Benchmarking The business concept of Helpful Health Care Consultants, LLC proves to be a feasible investment opportunity. According to Patti (2009, para. 1), it is paramount for firms in the healthcare industry to integrate the concept of benchmarking. Benchmarking involves a method of measuring the performance of a firm within...
Summary Banks play a very significant role in steering the financial flow in any country. The banking sector has been at the forefront in establishing mechanisms for ensuring that it not only leads the market in terms of superiority of services but also guarantees the best risk identification, analysis, and...
Growth rates The sales for Ford Motor Company grew from $133,559m in 2012 to $146,917m in 2013, an equivalent of 10% increase. The value dropped to $144,077m in 2014, an equivalent of a 2 % drop. The cost of revenue rose from $113,039m in 2012 to $125,195m in 2013 (Ford...
Introduction Business enterprises are in a constant act of balancing different facets that ensure their survival. A healthy business should have more assets than liabilities (Lorenzo and Allande 164). The poise between assets and liabilities is not an overnight achievement, but a constant balance of books that requires well-thought-out decisions....
Introduction Shell PLC started its operations in 1907 in the United Kingdom. It has its headquarters in the Netherlands. It mainly deals with oil and gas with the principal products being petrochemicals, natural gas, and petroleum. As a public company, it registered its primary listing on London Stock Exchange. Its...
Abstract In modern times, advertising and sales promotions are useful marketing and brand development tools. At organisational level, a strong brand translates into increased sales and profitability. However, due to the high promotion and advertising costs, controlling the marketing budget is important, as it helps an organisation manage its expenditure...
Introduction The management of working capital is an essential activity for running a business in the contemporary world. The working capital determines the ability of a company to settle short-term debts and fund the running operations. Working capital refers to the amount of money available to cover the cost of...
Abstract Transfer pricing has become an essential tool for tax authorities, managers, and all parties that are involved in the accounting profession. Nevertheless, different companies use diverse methods to determine their transfer prices, depending on the company structure and the specific strategy. However, transfer pricing does not apply to most...
Introduction Microsoft Corporation specializes in technology and has a goal of empowering people and organizations in their respective careers. It has an international outreach which enables it to function in a unique way. The company has to adapt to some traditional and local means to maintain its market. From 1975...
Introduction In this report, an examination was conducted in relation to two companies, Sysco and the Bidvest Group. Both companies actually have a lot in common when it comes to their food services operations in relation to utilising their large supply chains and distribution networks to sell their products to...
Introduction Management is an important practice in the business environment. Different functions of management must be effectively coordinated to ensure that the respective individual or organization achieves the intended goals and objectives. Management is an important practice to individuals in the working and investment environment too. Finance is one of...
Introduction Dairy Crest Group PLC is a British company that sells dairy products. Dairy Crest was incorporated in 1981 as a milk processor approved by Milk Marketing Board (“Dairy Crest – Our History” par. 1). The company has various international brands. The company is listed on the London Stock Exchange....
Introduction Capital budgeting decisions are essential to managers because it helps them make strategic decisions. Specifically, it helps managers to make decisions on whether to commit resources in order to maximize the wealth of shareholders. There are various techniques used to establish whether a project should be accepted or rejected....
Introduction A project is an undertaking that involves a lot of research. It is also carefully planned to achieve a set target (Maylor 58). In most cases, the venture has a set of interrelated duties. The activities are accomplished over a specified time period using certain resources. It is also...
The Coca-Cola Company is one of the global giants in the beverage industry, and it has attained tremendous growth by developing a business plan that involves aggressive marketing and reinvestment of its profits. The multinational company has attained an exponential growth rate in its profits over the past several decades,...
Executive Summary The primary mission of any entity is to show effectiveness in management to attract resources and transform them into worthwhile products. There has been an evolution of numerous methods to determine the performance of a for-profit organization, as well as that of not-for-profit organizations. In these two forms...
Executive Summary Dividends are considered to be the most important mechanism of distribution. Most companies make a specific type of distribution. For instance, while some companies pay 94 percent dividends, others pay 39 percent of the firms that buy back the shares. In most cases, when a company decides to...
Executive summary This report focuses on the projected and actual performance of the company products and the business as a whole in the various periods. Twelve months are covered, from January to December of 2014. To assess the business position, five computation reports have been prepared on Excel Worksheets. Please...
A bond refers to a financial instrument of indebtedness of an issuer to a bond holder. Companies that assess the credit worthiness of both debt securities and their issuers are called the bond rating agencies (Wellenius, 2005). In USA examples of bond rating agencies include; Standard and Poor’s, Fitch, and...
Budget Request The Roads and Transport Authority (RTA) in Dubai works to provide different types of transportation services for the citizens of Dubai, including bus transportation services, metro, taxi, and marine transportation services (“Roads and Transport Authority”). During the 2013-2014 fiscal year, the RTA announced the participation in Dubai’s programme...
Introduction Despite their expected academicism and narrow specialization, mathematical sciences find their application in the everyday life of society. If one does not take into account the reasonably obvious calculation of discount interest in the store, determining the amount of tax to be paid, or studying the amount of gasoline...
Introduction General Dynamics is a US-based aerospace and defense company. It is headquartered in West fall, Virginia. The company is the fifth largest defense company in the world which acts as the largest supply of US navy ships. It has expanded to include other segments in the defense industry such...
It is the duty of every company to arrange its programs so that at any particular time it is able to repay its debts. The capability to pay off debts relies on the liquidity of the company and it establishes if a specific company has some ready cash thus terming...
Introduction The paper evaluates the changes in General Motor’s short-term and long-term liquidities, and its profitability between 2011 and 2012. The importance of the study is to find out the firm’s financial performance after recovering from the financial crisis. The study also seeks to find out if there is an...
Abstract The international financial reporting standards (IFRS) utilise values-based approach. It underscores rational value book-keeping. It aims the promotion of consistency and equivalence globally. The study undertaken in this paper explores IFRS from diverse perspectives by reviewing peer reviewed articles to establish the many aspects of the concept. It has...
Introduction The memo seeks to provide an elaborate explanation of various concepts and principles that are associated with financial accounting. Specifically, the paper will discuss the financial statements and net working capital. Balance sheet The balance sheet shows a summary of various balances of an entity. The balance sheet gives...
Introduction The management of a company should not leave the work of budget preparation to the accounting department. Planning is an activity that is everyone one’s. Therefore, since budget-making amounts to planning, the management should be at the forefront in its making. Management can determine the number of things. These...
Current revenue The recent financial statement for the company shows that the income statement rose from $1,000,627 thousand in 2012 to $1,462,921 thousand in 2013. The total revenue increased further to $1,685,061 thousand in 2014 (Avalonbay Communities, Inc., 2015). In the financial statements of AvalonBay Communities, the same storage pool...
The SEC and 10-K There are several ways, which the SEC employs to protect investors, maintain efficient markets, and facilitate capital formation by requiring corporations to file annual 10-K reports. The report comprises essential business risks in the section “Risk Factors” that a corporation may face. They affect its business...
Importance of Financial Management Skills to a Company’s Success Accounting and financial Management skills are crucial aspects for any business to thrive in its operating environment. This is due to the fact that the main financial goals of any business solely depend on solidarity of the financial decisions formulated and...
Executive Summary Wm Morrison Supermarkets PLC, based in the United Kingdom, is a public limited company that trades on the London Stock Exchange. The company operates in the United Kingdom’s retail industry. The company has a market share of 11.3%. The paper carried out financial analysis of Morrison Supermarkets for...
Estimating asset requirement for a corporation Financial planning is a significant planning process in a business is an integrated process that entails planning for investment in new assets, degree of financial leverage, cash paid to shareholders, liquidity requirement. The planning process for estimating the asset requirements goes through some distinct...
Introduction Initial public offers to entail the selling of a company’s stock in the market (Padberg, 2007). Occasionally, companies aspiring to expand, such as AVG, conduct IPOs of their stocks in order to increase their financial standing to fund their aspired growth and company operations (U.S. Securities and Exchange Commission,...
Executive Summary This report covers the ratio analysis of Sharjah Cement and Industrial Development Company for the last three financial years. The company operates in the manufacturing and investment sectors. Among the ratios analyzed are the profitability, liquidity, asset utilization and debt utilization ratios. In addition, the degree of operating...
Any business entity that engages in international transactions can choose to undertake its major activities using foreign currencies. However, the financial statement of the parent firm needs to be presented using a common currency. The IAS 21 depicts the rules and regulations of how to incorporate foreign currency transactions and...
Executive Summary Revenue optimization department is of great importance in all the industries. By using revenue optimization departments, the companies find it easy to identify weaknesses and strengths. Companies with revenue optimization departments maximize profits in short run and long run. Some of the companies that use revenue optimization department...
Introduction In any entrepreneurship and especially the financial based ones there has to be significant use of resources. These resources are of a wide variety with all leading to the attainment of the business objectives. Nevertheless, the rapid rate of globalisation which has increased the competition rate calls for proper...
Abstract This report seeks to analyze some components of the Abu Dhabi Council in relation to the Volvo Ocean Race. In essence, it seeks to determine the factors related to the investments, finances, and operations of the undertaking. In regard to the findings, it was evident that the council made...
To determine the viability of a project, it is necessary to carry out a financial forecast analysis (Holland, Sanchirico, and Johnston 69). ServiceME is a web portal project that is very expensive to establish. Therefore, financial assistance was sought from credit institutions. This is one of the reasons why the...
Introduction In most countries, the government appoints a regulatory authority and grants it the mandate to monitor and control the operations of commercial banks in a country. Banking regulation has evolved significantly. For instance, in the 1970s the regulation focused on controlling both the borrowing and lending rates and structures...
About the company The LEGO Group, founded in 1932, is a privately owned company. The company is based in Denmark. It operates in the toy industry. Further, the company engages in the learning and development of children’s creativity through the production of toys and learning materials. The product brand of...
Executive Summary Dollar Tree has a better financial performance than Family Dollar. Dollar Tree obtains goods at a slightly lower cost than Family Dollar. Dollar Tree is operating more efficiently than Family Dollar. As a result, Dollar Tree is more profitable than Family Tree. Dollar Tree uses assets more efficiently,...
The global business community is not unaccustomed to financial scandals. The competitive nature of business often leads to some unscrupulous business practices sometimes with catastrophic results. Owing to such risk it is also expected that government provide legislation that can help control or limit the occurrence such practices. The Sarbanes-Oxley...
Introduction Cisco Systems, Inc according to Cisco (2010) was founded in 1984 by Sandy Lerner and Len Bosack as a pioneer company in the development of the Internet Protocol based networking technologies. The firm is an international leader in the networking and internet industry as it has played an important...
Introduction Within a short period, budgeting has been removed from its important position as the control system in most organizations and has been subjected to considerable criticism too. Budgeting has been termed as ‘broken’ ‘a thing of the past or an ‘unnecessary evil’. Recent surveys have evidenced this turn of...
Introduction The income and cash flow statements are very important statements in relation to the short term and long term performance evaluation of any business organizations and also allow the business to formulate strategies that align to the performance objectives of the business. The income statement measures the actual performance...
Executive Summary For achieving a higher quality financial management in any organization, the underlying quality of financial governance and leadership is of primary importance. While good basic systems combined with effective processes and controls are also considered important, it is the overall financial culture of the organization which makes the...
Introduction Financial management refers to the process of planning for and allocating the organization’s financial resources with the objective of creating more wealth, generating more income or ensuring an adequate return on investment. Financial management as discussed by Henning et al (34), involves three main elements; financial planning, financial control...
