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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...
Introduction Due to the innovation these days, one fruitful film can be dispersed everywhere throughout the world, which is in movies or DVD formats. Cinema animation is a media that circulates everywhere throughout the world. Actually, the animation industry is a fast-paced industry, which rapidly grows robustly (Prahalad and Hamel...
Introduction Company Overview The Proctor & Gamble (P&G) is a multinational corporation offering home and individual products of high quality and value. The company was established in 1837 by William Proctor and James Gamble in Cincinnati, Ohio and was incorporated in 1905. The market for the company’s products have expanded...
Introduction The selected company is Inspire Vision Property Management & Consulting (IVPM&C). A property management and service company that strives to provide trustworthy services to all of its customers throughout Oregon and Washington States. The company provides services to customers by managing multi-family, commercial, condominiums, and single-family properties. IVPM&C’s main...
Introduction Small and micro business enterprises face a lot of problems when it comes to accessing loans to expand their operations. According to Jonsson and Lindbergh (2013, p. 685), unlike the large business entities that have formed trust with financial institutions, the small business entities lack the trust of the...
Introduction Imperial Tobacco Company (ITC) is a renowned corporation that has been using its resources in producing quality products that suit users’ needs. It is credited for adopting an effective lean administrative system that ensures optimal utilization of resources and reduction of wastages. Indeed, the company that started its operations...
Enron Case Review Of all the cases of fraud within the business sphere, the Enron case seems the most notorious. Considered the greatest grossing company in the United States, it was delightfully prosperous ad insultingly successful, which could not but raise some concerns about the credibility of the information concerning...
About Hilton Hotels and Resorts Hilton Hotels and Resorts was founded by Conrad Hilton in 1919. The company is managed by Hilton Worldwide. Hilton Worldwide Inc. is responsible for managing the hotels and issuing of permits to self-governing traders. The company had about 3,900 hotels in 90 locations in about...
Introduction The presentation of income statements differs depending on the method used as well as the purpose of the financial statement. From this perspective, income statements can be organized according to two specific principles that are known as variable costing and absorption costing (Marshall, McManus & Viele 2011). Moreover, statements...
Introduction Telstra and Vodafone are public limited companies in Australia. Both companies generate most of their income from the telecommunication industry in Australia. Both companies provide mobile and data communications services in Australia. Moreover, they own shares in subsidiaries across their respective geographical segment. Both companies pride themselves on their...
Introduction Based on the continued developments in the accounting field, accounting rules have been formulated in a manner that suits the needs of the ever-changing business environment. The reason behind this alignment is that most publicly listed companies operate in different countries. Hence, they usually have their shares listed on...
The memo seeks to provide you with information on the available expansion options and suitable investment opportunities for Middlehurst House daycare center. The aim is to give information on the most profitable and cost effective approaches of running the institution. Several calculations are carried out for the classes of the...
Introduction The paper seeks to analyze the cost accounting model of Apple Inc. The company is based in the United States and it has a global presence. Besides, it has 453 stores in sixteen countries. Further, the number of employees at the end of 2014 was 98,000. Apple, Inc. went...
Introduction Accounting is referred to as the language of business. Through accounting, all financial communication of a bossiness is channeled. The scope of accounting as a discipline is so wide that it has been divided into many subgroups. These include cost accounting, management accounting, financial accounting, and so on. All...
Introduction One of the ways of evaluating whether an organization is in a good financial position is by carrying out an analysis of its balance sheet. A balance sheet indicates the financial position of a company. Together with the income statement, the balance sheet shows where the money in the...
Introduction Doing business in an online environment requires real-time processing of information. This case applies for a supermarket based in Hong Kong and doing its business online. It needs to develop the capacity to process information in both a speedy and efficient manner. This strategy calls for integration of automated...
Introduction The Texas State Board of Public Accountancy was formed with an aim of “protecting the public by ensuring that persons issued certificates as certified public accountants possess the necessary education, skills, and capabilities and that they perform completely in the profession of public accountancy” (Texas State Board of Public...
Abstract The article analyses two different sets of financial statements that can be prepared and presented by companies. The company considered here has a holding company in the U.S. and other foreign subsidiaries. The two forms of accounts are consolidated financial statements and separately prepared financial statements. The superiority of...
Introduction Waste Management is a publicly traded company that is located in Houston Texas. The company mainly provides waste management services to various clients across the North American region. The list of services that are provided by Waste Management Incorporated include collecting, transferring, recycling, and disposing refuse. The company is...
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...
Adjustment of Errors Inventory Error Accounting errors should be adjusted as soon as they are found. An inventory error is corrected by making adjustments on the cost of sales and the inventory balance (Chapter One, 2012). The stock’s errors have an opposite effect on the cost of sales and the...
Financial statement is the presentation of financial information related to economic activities carried out by a business, person or an entity. The prominent types of financial statements are the balance sheet, income statement and statement of cash flows. The financial statement provides detailed information about the financial performance, potential, and...
Introduction In accounting simulation basically refers to creation of artificial mathematical models which may either be simple or complex (Clark & Reed, 2010).The models created are then used for review and analysis of both financing and investment decisions. There are three main important financial models or statements that indicate the...
Introduction The absorption accounting method involves the generalization of fixed costs and variable cost when calculating gross profit. Mingxinlu (2009) explains that mixed costs have a variable component, and a fixed component. The value of the fixed costs may not be known unless additional information is provided after the financial...
Introduction Kenneth Lay founded Enron in 1985 following a merger with two strategic companies dealing with gas distribution. Enron saw positive growth in its business process until Jeffrey Skilling secured a job as the chief executive officer of the company. Reports from Enron’s case revealed that Skilling developed a staff...
Introduction Poundland is arguably the largest discount retail store in Europe that sells merchandise for ÂŁ1. Dave Dodd and Stephen Smith founded Poundland in 1990 with the aim of offering common household goods at affordable prices (Wood, 2014). The discount retailer deals with more than 3,000 types of goods that...
This paper uses profit variance analysis to examine the case of Dallas Consulting Group. Based on the financial information provided in the case, a detailed analysis has been made to discuss the impact of sales variance recorded by the company on its profits. In the given case, there were no...
Accounting cycle The business operations of a firm and its financial reports can be demonstrated in financial accounting. Accounting cycle reveals the financial reports of a firm’s operations and transactions. As a result, the components of the accounting cycle include journal entries, an unadjusted trial balance, adjusting entries, the adjusted...
Introduction Earnings manipulation refers to the use of accounting practices to depict a false picture about a firm’s financial position. Earnings management refers to the manipulation that is within conventional accounting practices. Most of the time, earnings manipulation exceeds earnings management by magnitude. Managers faced with difficult financial conditions may...
Executive Summary Automated accounting system offers a number of business solutions to various organizations. Many businesses have adopted this model in efforts to keep up with changes in the telecommunications sector. The solutions offered by accounting firms vary depending on the functions required. For instance, a given company may require...
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...
Introduction The global insurance industry has undergone considerable growth over the past decades. One of the factors that have stimulated the growth is the high rate of economic expansion in different parts of the world. Islamic insurance is considered as the youngest and most vibrant insurance market. The concept of...
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...
Introduction Sabic is a Saudi company that specializes in packaging various products. The firm operates in Europe and the Middle East. Sabic operates in an industry that is not crowded with competitors. However, it faces major operational issues of sustainability and innovation. Shortage of raw materials is also a potential...
Chrysler and Fiat’s Fiat is an automobile manufacturing company that is based in Turin, Italy. The company was founded in the year 1899. Fiat has been involved in the manufacture of numerous automobiles, including railway engines, farm tractors, aircraft, and military vehicles among others. The company is one of the...
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...
Executive Summary Valuation of a business entity can be undertaken using a number of different approaches. In addition, a single business can be valued using more than one method. The various methods focus on different aspects and attributes of a company. Consequently, using varying valuation strategies provides a more comprehensive...
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...
Introduction Tovell plc is an industrial company that manufactures kitchen furniture. The company wants to relocate its operations to a new area to guarantee maximum profits and enhance competitiveness. Tovell plc has to decide between buying another company in the United States and setting up a manufacturing subsidiary in Germany....
Introduction Before standards were introduced to regulate the impairment of assets in Saudi Arabia, companies were recording extra-ordinary losses. This loss was associated with the value of companies’ assets. According to Allexander and Christopher (2007, p. 23), jurisdictions to compare the statutory obligations of carrying assets to market values were...
Introduction The current globalized economy has left many companies struggling for their survival as many countries discontinue businesses in the rapidly changing market operations. Waweru, Kamasara and Anyagu (2003, p. 68) detail the reasons for these discontinuities as inadequate capital, poor management skills, and poor application of essential management practices....
Intangible assets An intangible asset can have either a determinate or indeterminate valuable life. These two categories of intangible assets are treated differently during amortization. For instance, amortization needs to be carried out on an asset that has a predetermined useful life. This is achieved by calculating a regular amount...
Underwriting is the process of determining the eligibility of an individual to get a loan from a financial institution or benefit from an insurance plan (Catlin, Peter and Walker 11). Financial and insurance companies take this process more seriously than any other process in their operations because they know that...
Harry Markowitz Markowitz while reading the book The Theory of Investment Value written by John Burr Williams noted that the author proposed that the value of a stock should be the present value of its dividends. Markowitz argued that the problem with this novel theory was that the future dividends...
Introduction In organizations with clear-cut structures, comprehending the roles and relationships between the human resources department and the finance department is critical for the success and attainment of the desired outcomes (Shleifer & Vishny, 2007). The current roles of the human resources department have become sophisticated and need more collaboration...
The recent global economic financial crisis is responsible for a new era of cutbacks that have a significant effect on public spending. In the last few years, public manager sectors have been forced to innovate and find new means of survival as governments intensify financial cutbacks on various sectors of...
Present value Present value is the present of future cash flow. The present value assumes that the dollar today is not equal to the dollar tomorrow therefore it must be adjusted for time and inflation. It is calculated as shown in the case below; Mr. Peky has been given an...
Introduction A money market refers to a financial market that allows trading of short-term securities. This market provides for availability of liquid funds, which matures over a short period. In Bahrain, some of instruments that are traded include treasury bills, commercial papers, repurchase agreements (repos), negotiable certificate of deposits (CDs),...
Introduction Many years have gone by since the Capital Asset Pricing Model was declared dead but it is still widely used to value assets as well as determine the cost of capital of a company. However, no method has come up as a good substitute. Many researchers and authors have...
Introduction The market analysis aims at studying the dynamics and attractiveness of a given market within an identified industry. It primarily takes two separate forms. In the first form, investors use market analysis to oversee and analyze its growth curve to come up with investment decisions. In the second form,...
Introduction Over the span of sixty years, the global economy has experienced remarkable changes. Findlay & O’Rourke (2007) states that “In the early 1950’s, the world economy was essentially divided between developed or industrialized countries in the “North” and developing or non-industrialized countries in the “South”(as cited in Ahearn, 2011,p.1)....
Aim of the paper The paper carries out a financial analysis of four companies. The analysis will entail the application of several theoretical and empirical approaches and tools to evaluate the companies. Some of the ratios that will be used are earnings per share, price/earnings ratios, return on equity, dividend...
Abstract This article analyzes consolidated financial statements and separately prepared financial statements. It brings out the major differences between the two types of financial statements. In the whole article, the holding company is considered to be situated in the U.S while the subsidiaries are located in foreign countries. The article...
Reasons and implications for Kellogg’s WACC change The Weighted Average Cost of Capital is computed by inputting the relevant figures in the formula below. The investor assumes the market value of equity and debt to be the values presented in the 2013 financial statements. The value of debt excludes short-term...
Thesis Statement Although the regulations that allow for preventing, identifying, and eliminating fraud in general and financial fraud, in particular, have become considerably more rigid over the past few years in the United Kingdom (Manacorda, 2011), the availability of information technology tools and their integration into the breach of the...
Setting of standards The International Accounting Standards Board is charged with the responsibility of setting accounting standards. The board comes up with and publishes the International Financial Reporting Standards (IFRS). It also develops IFRS for SMEs and approves the explanations developed by the IFRS interpretation committee. The board uses a...
Introduction It is the belief of this report that extrinsic methods of motivation within companies in the UK can lead toward the development of unethical accountancy practices. One of the current trends in business management within most corporate organizations in the UK is the implementation of extrinsic methods of motivation...
Proposal This paper will evaluate the impact of time budget pressure on the audit quality in audit assignments. Introduction There has been a lot of focus on time budget pressure and its impact on audit quality. It has been argued that high time budget pressure causes changes in auditor behaviour...
Introduction to Supply Chain The world is increasingly getting competitive, and the pressure is mounting on supply chain units of every firm. The need to ensure that products move from the manufacturing plant to the consumer is on the rise as firms increase their production within various industries. According to...
Jokkomok Industries Absorption Costing Income Statement For the first quarter ending 31st March 2014: Amount in $ Sales (25,000 * 100) 2,500,000 Less cost of sales Opening inventory 0 Add: cost of goods produced (25,000 * 72) 1,800,000 Goods available for sale 1,800,000 Less: closing inventory 0 Cost of goods...
Introduction Volkswagen (VW) and Suzuki announced about their cooperation in 2009. Volkswagen purchased 19.9% stake of Suzuki while the Japanese carmaker purchased 1.5% stake of the German company (Deresky 2014). This led to the increase of the companies’ shares costs. The companies also announced about their cooperation in the technological...
Case 1: ZZZZ Best, Inc Barry Minkow was a young entrepreneur who established the ZZZZ Best Company in 1982. ZZZZ Best Company grew exponentially because its profits increased from hundreds of thousands to millions within a span of three years. By 1987, the company’s property cost $100 million while its...
Introduction Counterespionage is a complex activity. It involves a range of activities to protect the trade secrets or sensitive intellectual rights of a commonly. This essay will describe an effective counterespionage program that a large software company can apply. A software company faces many threats, especially from companies dealing with...
Introduction The Elijah Heart Center is facing the significant financial shortage common for specialized health care organizations. The shortage depends on the combination of the need for improved technology, the reduced income, and the demand for expansion. That is why, it is possible to state that there are few chances...
The Express Mail Industry evolved from being business centered into a dynamic business environment. The total shipment in the industry by the year 1996 grew from $16 billion to $17 billion. As the industry was expanding, a service called the quick-on-time delivery took over from the order-and-wait model which was...
About the company Ocado is a public limited company based in England. The company was formed by a group of three people who worked earlier as bankers at Goldman Sachs. The company was formed in 2002 and it was listed on the London Stock Exchange in 2010. The three founders...
Introduction Royal Dutch Shell PLC Shell PLC was established in 1907. The headquarters of the company is located in the Netherlands. However, the company is registered in the United Kingdom. Further, Shell PLC has a primary listing on the London Stock Exchange. The secondary listings are on the New York...
Introduction In the paper, a comparison will be made between the results of GlaxoSmithKline PLC and Roche Group. The two companies close their financial year in the month of December. The analysis will be carried out for a period of two years, that is, 2013 and 2014. A review of...
Role of financial ratios The reported financial statements do not give an in depth analysis of the strengths and weaknesses of the company. Therefore, it is necessary to carry out an in depth analysis of the financial analysis of the financial statements so as to have a better view of...
Change from straight line to double declining balance The change may indicate that the company is facing financial problems and the change may cover-up the financial position of a company. Thus, an investigator may check the financial performance of the company over time. An investigator should check the depreciation expense...
Introduction Presently, the FASB and the IASB are coming up with a project to build up an inclusive and reliable universal conceptual framework (Zhang & Andrew, 2013). The framework would offer a sound groundwork for the establishment of future accounting standards. Through this, the two bodies hope to come up...
Introduction With support from the government-issued funds for small businesses, I plan to set up an African jewelry shop in my town of residence. I chose this business primarily because there is a ready market and it costs much less to run an African jewelry shop compared to other businesses....
Introduction Bond Engineering should report its financial performance periodically. To achieve this, the company needs to keep an up to date financial records of all the transactions that take place during the entire life of the business. These transactions are recorded in various ledger accounts. At the end of a...
Introduction In today’s competitive economy, manufacturing firms need to invest in areas that generate the desired gains. To determine the success of an investment, companies can make use of the cost analysis tool (Morgan, 2010). Both small and large manufacturing firms strive to gain appropriate returns. They have to make...
The case of Pringly Division presents a management decision that managers have to face in their strategic planning roles. The decision made should be favorable to the company and to customers. Companies are in business to make profits and maximize on shareholders wealth. The senior management of any company are...
Introduction Succeeding in entrepreneurship in the contemporary times is a challenging task for many new enterprises due to the risks involved. Previous studies show that most business start-ups experience challenges leading to their closure. A study conducted by Small Business Administration [SBA] shows that 80% of new businesses started in...
Introduction Management accounting constitutes an important tool for making decisions in an organization. The current paper discuses the utilization of management accounting in the process of making decisions in any organization that operates in the hospitality industry within the hotel subsector. The company may be operating during the economic recession....
Introduction Adelphia is one of the giant companies that have declined because of fraud perpetrated by its executives. Adelphia was formed in 1952 as a family business and experienced faster growth in the earlier years of its incorporation. Reports indicate that the company had acquired more than one million customers...
Introduction The amount of money that the Big 12 of the Football Bowl Subdivision (Division 1-A conferences) generates is staggering. This amount is predicated on the figures computed by the US Department of Education under athletics financial records for the year 1 July 2009 to 30 June 2010. The staggering...
Introduction The current business market is highly complex and it is only by following effective practices of recording business information in a way that is generally agreed upon that a firm can be able to survive. Conformity in preparing financial information should be adhered to and norms followed. The following...
Executive Summary Starbucks offers a great opportunity to shareholders to increase the value of their investment. The firm has high returns on equity and assets, which is a good indication for investors. The firm experienced a disruption of its healthy trend in 2013 after it was ordered to settle a...
Introduction Pursuing different units in business and economics has led to a broad understanding of the significance of personal and professional development. Action learning, which entails learning by doing, is one of the fundamental approaches towards achieving personal and professional development. Therefore, I will ensure that the concepts learned on...
Executive Summary Leasing has become a common practice in investments since it is the easiest and best option of getting money or Assets for production. This discussion examines the appropriateness of the 2010 August Accounting for Leasing Draft that has aroused controversies across the globe. The paper explores various assertions...
Introduction According to Bonvie (7), an accounting firm experience embodies the realm of Public Accounting. This job context entails expert professionalism in financial accounting and only enlists the accredited services of a Certified Public Accountant (CPA). CPAs are qualified personnel who render financial accounting and consultancy services to businesses, individuals,...
Introduction Accounts receivable are defined as claims against customers related to goods or services sold to them on credit. However, the list of accounts receivable is extended to accommodate other miscellaneous claims such as loans to officers and employees, loan to subsidiaries, and claims against various other firms. The advances...
Executive summary The purpose of this paper is to develop a comprehensive analysis and valuation of the Coca Cola Company. The paper attempts to use the company’s past performances in terms of financial health in order to predict and make projections of the future growth in terms of sales and...
Introduction Chemalite Inc. deals with the production of glow light by using a number of chemicals. Bennett invented the company with a total capital of $500,000. He brought a number of investors on board in order to raise the capital. The business commenced on 2nd January 2003. However, by 30th...
Executive Summary Hamdan Footwear is a start-up company, planned to start operating in June 2015. The demand for shoe in the United Arab Emirates is constantly rising owing to the changing lifestyle and increased urban population. The company will be a semi-mechanized footwear production unit, which will focus on producing...
Review of CH. Robinson Worldwide Inc (CHRW) CHRW is among the biggest third party companies that deal with logistics. The company offers transport and fee based logistics’ services. The statements show that in 2012, CHRW accumulated a total of $11.4 billion and a net value of 1.7 million. The company...
