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Introduction This is an American multinational company that offers banking and financial services located in San Francisco, California. This company achieved its current state by merging with Norwest Corporation in 1998 and acquiring Wachovia in 2008. Wells Fargo was by then known as Wells Fargo and Company. It has branches...
The Increase in Profits for Division A The agreement that existed previously allowed the three divisions within the company to trade with each other with little or no restrictions. Such an agreement made sure that most of the parts purchased were done so within the organization. The table below shows...
Introduction Production of goods and services involves the use of costs which are directly incurred in the production process and production overhead. Direct production costs are labor, hours used in the production process, machining hours, and cost of raw material among others. Factory overheads are the indirect costs incurred during...
Description of job-order costing Costing systems are a key component in organizations’ accounting processes. This arises from the fact that they provide organizations with an opportunity to control their expenditures. Cost systems enable organizations to determine their current status. This is made possible by evaluating their cost of operation. There...
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,...
Introduction The company Louis Vuitton S.A is famously known as LVMH and is based in France. The company is a multinational luxury goods manufacturer and distributor, and has its headquarters in Paris, France. The company was formed after a successful merger between Chandon, Moet-Hennessy, and Louis Vuitton. Later the company...
Introduction Coach Incorporation, a fashion company that is based in New York, deals in high-end apparel and luxury products. It has 723 stores across the globe. For over a decade, Coach Incorporation asserted and expanded its position as a major global player in the upscale fashion market in fulfillment of...
Introduction This report presents an in-depth analysis of financial performance of two leading UK clothing companies: Debenhams and Marks & Spencer’s. The report will provide prospective investors with an analysis of the performance of the two organizations in the last one year, with an aim of creating knowledge that will...
Introduction Coach Inc. is a major player in the American “accessible luxury” market. The market is of high quality and stylish products similar to luxury goods but priced significantly lower. The company’s mission has remained to provide accessible high quality, luxury items to the American people. The company deals in...
Singapore Airlines is one of the most successful and leading airlines in the world in service quality, profits, innovation, and growth (Michael & Ahmed, 2009). Singapore Airlines is a company that has managed to become a global leader in a competitive business environment, which is characterised by changing customer demands...
Key Financial Ratios 2006 2005 Current Ratio 1135/1300.4 0.87 972.3/1185.1 0.82 Quick Ratio (1135-472.1)/1300.4 0.51 (972.3-423.8)/1185.1 0.46 Average Receivable Collection Period 365/(5175/200.9) 14.17 365/(4749.4/157.3) 12.09 Average Number of Days Inventory 365/(3604/472.1) 47.81 365/(3334.9/423.8) 46.38 Average Number of Days Payable 365/(3604/1219.6) 123.52 365/(3334.9/1116.9) 122.24 Long Term Debt to Equity 389.5/328.3 1.19...
Business Overview of Barnes and Noble In 1986, Barnes & Noble stated its journey incorporating under the US Company Act as a bookseller dealing with academic, commercial, and technological books along with newspapers, magazines, and other entertainment serials. Its online marketplace coordinated with a multi-channel distribution platform to address the...
Abstract The aim of this paper is to explicitly review the authenticity of Deere & Company in terms of financial performance to guide the client as a finance manager on the best investment decision. Deere & Company is a public company based in America and trades on the New York...
Abstract Technology has changed the people do business in various ways. One of the concepts that has developed from technology and managed to change the world is cloud computing. It involves creating a database for storing and sharing information with various users who can access it from different locations simultaneously....
Executive Summary Accounting bodies have the mandate of enhancing disclosure of financial information to facilitate accountability and transparency. Members of professional bodies need not to act in a manner that suggests or implies inconsistency with their reputation with reference to ethical codes of conduct as dictated by accounting bodies. This...
The financial Statements of the company are a key element for determining the financial position of any business entity. The underlying aim of the financial statements is to share and communicate the financial information of the company to its internal and external users. The analysis of financial statements provides an...
Brief description of the industry The industry supports the growth of value-priced beer products and premium craft beers. Products in between the luxurious varieties reported a decline in sales volume. The industry sales declined by 0.2 % in 2012 from 2011 (Big Rock Brewery Inc. 8). Big Rock’s 2012 annual...
Introduction Profitability ratios measure a firm’s ability in generating profit from its operations and assets. Operating profit margin considers the percentage of sales that form earnings before interest and taxes. Operating profit margin shows that Debenhams’ efficiency is declining at a higher rate than Sainsbury’s. Return on investment shows that...
Abstract The Australian Conceptual Framework is a framework developed by Australian Accounting Standards Board (AASB), an Australian Government Agency. The development and implementation of the standards allow businesses and organisations domiciled within Australia to participate in the global trade effectively. The amendments to the Australian framework are necessary because they...
Advanced managerial accounting The term fixed costs can be defined as those expenses that are not affected by the changes in the level of production or delivery of services. For example, one can speak about the costs which are required for renting offices, administration or leasing equipment (Garrison, Noreen, &...
Accounting standards General Mills Ltd. is based in the United States and it uses the Generally Accepted Accounting Principles (GAAP) (General Mills, Inc., 2015). The standards are developed by the Financial Accounting Standards Boards. Meiji Holdings Company also uses GAAP, but the Japanese version of the standard (Meiji Holdings Co.,...
Background of the company Deere & Company was established in 1837. The founder John Deere was a discoverer and a blacksmith. The company has experienced a significant amount of growth, development, and expansion since its formation in the 1800s. Deere & Company is currently a public company that is based...
Introduction Whirlpool Corporation is a multinational company that is based in the United States. The Company’s headquarters is located in Michigan, United States. Whirlpool Corporation is a public entity that trades on the New York Stock Exchange with the ticker symbol WHR. Further, it is a component of S&P 500...
Balance Sheet The two companies, General Mills and Meiji Holdings Co., Ltd., disclose different components of stockholders’ equity. Meiji Holdings Co., Ltd’s financial statement, for instance, contains common stock – split further into authorized and issued stock, capital surplus, retained earnings, as well as treasury stock. Conversely, General Mills stockholders’...
Abstract NOL also known as net operating loss, occurs when total tax expenditure in a given taxable year exceeds taxable income gain, according to the U.S. federal income tax. A person entitled to pay tax is subjected during profitable periods without having tax relief during net operating loss results to...
Background In the contemporary times, corporate fraud is becoming a significant challenge within most companies across the world. With the escalating cases of fraudulence within organizations, it is evident that the challenge of corporate fraud is increasing, not only in frequency, but also in severity. In most corporate cases, fraudulent...
Company Overview Coca-Cola: A Brief Background Coca-Cola is considered as the largest and most successful beverage company in the world. According to Weygandt, Kimmel, and Kieso (2012), the company started its production in 1886. Over the years, it has become an international brand in the world market. The main products...
Introduction Apple Corporation’s success in the Consumer Electronics Industry (CEI) is one, which clearly indicates the supremacy of innovativeness, uniqueness, and superior leadership (Kane 2014). Many scholars and experts claim that the entry of Steve Jobs at the helm of the company in 1997 was the turning point that would...
Definitions Service companies can be described as people-oriented organizations that seek to develop symbiotic relationships with their clients (Selden & Sowa 2011), and are guided by unique characteristics of intangibility of services, inseparability of production from consumption, perishability of services, heterogeneity in service products, and human participation in the production...
The University of Southern California is facing dilemma on whether to base coaching salary entirely on the market considerations or on the experience, skill, and performance of coaches. The dilemma emerged because basketball women’s coach, Marianne Stanley, earned $64,000 a year while men’s coach, George Raveling, earned $135,000 per year....
The first observation from the case study is that Stefan Vilsmeier is an entrepreneur by birth. Vilsmeier was interested in computer programming and graphic design. He believed that he could one day realize his entrepreneurial dreams as a graphic designer. During the time, the entrepreneur realized that the available software...
Introduction and profile Wm Morrison Supermarkets plc is considered to be the fourth biggest food retailer as it has 403 stores in the United Kingdom; the store’s customers get fresh food which is of high quality at great prices (Morrisons, 2011). This is because the store processes its own fresh...
Introduction Few companies can relate to the story of Apple Inc., a global company linked with electronics. The company has a great history with the Mackintosh in the early 1990s. To date, Apple Inc. stands out among the most innovative companies of the Fortune 500. Markedly, 2010 was a big...
Executive Summary in Memo Format MEMORANDUM_______________________________ TO:__________________________________________ FROM:_______________________________________ DATE:________________________________________ RE: (Internal and External Matrix Analysis: Tracking Down the History and Success of On the Vine Marketplace) The OTV Company has been in business for years. The organization is aiming at expanding worldwide, yet it needs to get its priorities in...
Project Description The new cafe will be referred to as the Taste Cafe in order to create an impression of various coffee types provided in the premises. It is a cafe that provides a range of coffee with an Arabic aspect. This is aimed at recreating the foreign cuisine and...
Introduction Doing business in foreign nations requires the concerned party to engage in negotiations with various other parties. Such parties have different cultural and ethical approaches to negotiations compared to those who are prevalent in a company’s nation of origin. For China, guanxi comprises one of the most important cultural...
Med-Link International Inc. is a public company medical institution based in the U.S.A. It was founded in 1994 operating in the industry of information technology and services. The company is committed to availing community services and applications that simplify the accessibility of patient care-related information and privacy. This goes through...
Introduction This document analyzes the impact of the cash conversion cycle on the financial performance of a firm. The purpose of the report is to provide a guideline for calculating, interpreting, and analyzing the cash conversion cycle. Most firms may prefer a shorter cash conversion cycle because it reduces the...
Introduction The Apple Inc. logo is ubiquitous on the company laptops, macs, and iPhones and iPads. The company is at the top of the consumer electronic industry, as one of the most recognized brands. There are numerous metrics available to evaluate its success and sustainability. This paper will be using...
Executive Summary Noor Paper Arts (NPA) is engaged in the manufacturing of handmade paper, which is an eco-friendly product. The handmade paper manufacturing process requires plenty of water and considering this aspect, the manufacturing facility was based at Jebel Ali Free Zone. Its factory is located in Jebel Ali Free...
Executive summary Being a global service provider, Abu Dhabi Ship Building (ADSB) Company has been in the minds of many financial analysts and investors due to its ability to provide world class service and thereby sustain growth over long periods despite the continuous financial turbulence that has forced many companies...
Background Information of the Company Enron is an American power corporation that was established in Houston. Enron started in 1930 as a domestic natural gas pipeline corporation. It began to broaden its horizons into other energy markets in the 1960s. During the period between 1980 and the beginning of 1990,...
Introduction Leidos is an American-based company that deals with a wide range of services. The company is based in Virginia in the town of Reston. The services it provides range from engineering systems integration, scientific services, and other technical services (Leidos – Program and Logistics Management, n.d). Ledios Company works...
Introduction Union Carbide is a company that manufactures chemicals and polymers. Currently, the company is among the leaders in the industry and has a good market share and revenues. The company deals with a number of household products that buyers transform before selling them to the end consumers. Some of...
Introduction Brambles Limited is a leading logistics company whose headquarters is in Sydney, Australia. Brambles grew from a small company established by Walter Bramble in 1890 to a multinational operating in six different continents. Brambles Ltd is currently listed on the Australian stock exchange. It provides logistics solutions to businesses....
Introduction Suleiman A.G is a German-based firm that specializes in manufacturing and distributing machine tools and robots. This paper aims at analyzing the financial performance of the business establishment from 2001 to 2004. The period was important for the firm because it was the duration in which significant financial performance...
Financial literacy is influenced by the initiatives taken to spread information about the various financial activities in the country. Saudi Arabia has been having very low financial literacy level despite projecting positive results in its economic trend. According to the Al-Attas (2011), a writer with Saudi’s local daily, the Gross...
Introduction China has recorded significant economic growth over the last quarter of this century. This period has also seen the economy change from a centrally planned one to a more market-oriented one. This change in the way the economy is planned has brought about a transformation from a market that...
Introduction The Saudi Arabian Stock Market was established in 1985. Economic experts formulated the idea when a government unit was formed to manage and control Saudi Arabia’s securities market. The authorities went further to formulate a regulatory body for Tadawul, the Arabic name for the Saudi Stock Exchange also referred...
Background of the companies Pepsi Company (PepsiCo, Inc.) PepsiCo, Inc. is a multinational company that deals with snacks and soft drinks. PepsiCo, Inc. was established in 1965 when the Pepsi-cola Company merged with the Frito-Lay Company. Since its establishment, PepsiCo, Inc. had expanded through acquisitions and mergers with other companies....
Dividend policy is a framework that regulates financial decisions associated with profit payout. However, the effect of dividend policy is a subject of debate. Price earnings and stock value influence a firm’s dividend policy. However, economic analysts counter the assumption using different dividend theories. Two criteria facilitate the dividend theories...
Business models Business models were first invented in the 1990s when the electronic commerce industries and other internet-based firms were established. In the current world, a business model is used as the concept of management theory and practice. A business model is therefore used to describe the strategy and the...
Definition Money is an essential component in everyone’s life. It is used in every sphere of our lives. We work to earn it, and we use it to save, invest or just spend it. It is imperative for us to make personal financial goals. We make financial goals to enable...
Introduction In the Gulf Cooperation Council (GCC) and MENA countries, changes in interest rates significantly influence changes in the net interest income (NII) and net interest margin (NIM). However, there are also factors that affect changes in the banks’ interest rates, depending on the size of the bank. Changes in...
Introduction An initial public offering of any company stock is the sale of company stock to the public. The company does this mostly to increase its capital. This essay looks in detail at the initial public offer’s process, definition, and the elements in the initial public offer. History of IPO...
Introduction The origin of Islamic finance can be traced back to the seventh century. This implies that it is not a new phenomenon. Nevertheless, the commercial implementation of Islamic finance is comparatively new and regardless of the novelty, some prohibitions prominently feature in the Islamic finance analysis. Particularly, Islamic finance...
Dividend discount model Dividend discount model = dividend per share/ discount rate – growth rate (Penman, 1997). For example, Microsoft’s preferred stock has an annual dividend of $8. The expected rate of return is 10%. Thus, the values of preferred stock = (5/10×100) = $50. The common stock was overvalued...
Ticker: 2330 Recommendation: Hold. Price: SR 41.40 Price target: SR 54.58 2009A 2010A 2011A 2012A 2013A 2014E 2015E P/E (x) 27.67 11.71 7.88 13.09 12.02 17.50 15.50 EPS 0.78 2.00 3.13 2.00 3.40 2.36 2.67 Source: Al Rajhi Capital (2014) Highlights The company presents a strong financial position in all...
Summary Islamic finance is achieving a household stature in the world of financial management. Although Islamic finance borrows financial principles from conventional systems, there are differences between the two (Afshar, 2013). In this regard, comparing the Islamic bonds referred to as Sukuk and conventional bonds is tantamount. This paper compares...
Introduction WorldCom Telecommunication Company was one of the largest service providers that supplied vast amounts of telecommunication services in the United States. Founded in Mississippi, as a small firm, the company had gradually grown to become one of the leading telecommunication providers serving several people and companies in the country....
Introduction Hospitals in the UK have adopted cost effective means of reducing wastage in hospital operations. These are means that monitor the performance of hospitals (performance management) and ensure efficient resource allocation. Therefore, this paper aims to analyze cost benchmarking in hospitals, how HRG is used to benchmark and the...
Introduction The preparation of financial statements is done by all public companies as a legal requirement. The information contained in the financial statements is used by the different stakeholders of the companies for varied reasons (Harrison, et al. 2011). However, for purposes of decision-making, the information contained in the financial...
Standards The website of the US SEC The acronym US SEC represents the United States Securities and Exchange Commission. The US SEC ensures stable movement of complete and precise financial materials that assists investors in making a comprehensive financial judgment. Therefore, the organization protects the investors’ interest, enhances capital creation,...
Introduction Management accounting entails preparing management account with the sole purpose of coming up with accurate timely financial statistical information that the accounting management agent requires. The prepared reports point out the available cash, unpaid debts, raw materials and underway inventory. Management account differs from one firm to another according...
Abstract A comprehensive analysis of the performance and status of a company is paramount. Such analysis provides stakeholders of a company with important information that can aid them in decisions making. Specifically, the stakeholders of a company are interested in the financial analysis. It gives them information on the financial...
Introduction The performance of a business is usually determined by how investors, managers, and workers interpret and integrate the vision, mission, and objectives of their organizations with their skills, resources, and experiences. There are various ways of measuring the performance of businesses, and the use of a balanced scorecard has...
The process of managing an organization presupposes dealing with a range of complex tasks and taking care of complex processes within the company in question. Though a company traditionally strives towards a single goal described in the organization’s vision and mission statements, the necessity to split the aforementioned goal into...
About the business Greencore Group operates in the retail industry. The operations of the company are divided into two divisions. The first one is the Convenience Foods Division. It sells a variety of food products in the US and the UK market. Apart from these two markets, the company also...
General Position and Business Environment of the Company Industry Graphic Packaging Holding is an American company that has specialized in packaging various products. The firm operates in the United States, Canada, Europe, Asia Pacific, Central, and South America. Graphic Packaging Holding operates in an industry that is not crowded with...
Introduction Next PLC is a clothing retail company listed on the London Stock Exchange. The company mainly operates in the United Kingdom. It has about 500 stores in the UK, and about 200 franchised stores overseas (Next PLC 2014: 6). Next PLC is considered among companies in the clothing retail...
Comparison between the Behaviour of Leaders and Managers Leadership is the inborn ability of a person to influence others by way of motivation to ensure they contribute towards making their organizations effective and successful. The behavior of leaders is usually described as brilliant and mercurial because they exhibit charismatic traits...
Executive Summary Sainsbury PLC is the second leading superstore chain in the United Kingdom. Rivalry and competition in the retailing and merchandising industry have caused the company to face several challenges, whereas, Tesco PLC is the first largest retailing and merchandising company in the United Kingdom and the second-largest retailing...
Introduction The current business environment is fast changing hence throwing different challenges to businesses and organizations alike. Globalization adds to the challenge, as organizations have to fit in a global village whereby the rules of the game change each passing day. To fit in the system, organizations have to change...
Introduction Apple Inc. is a multinational company that produces personal computers, cell phones, computer software, and consumer electronic products. Some of the eminent products by Apple include the iPad, the iPhone, the iPod and the Macintosh computers. The corporation has established substantial value in the exceedingly competitive consumer electronics sector...
Intangible asset Since its inception in 1947, Franklin Resources Incorporation has attained an optimal market position due to the strength of the brand. One of the factors that have led to a significant development in the company’s brand involves its focus on investment excellence. The firm is committed to providing...
The CEO’s view Herfy’s vision is to develop world-class products and, in the process, to play a leading role in the development of the Saudi food industry. The company has become largest and fastest-growing chain of fast food restaurants in the Kingdom and one of the region’s largest and most...
Introduction This is a case analysis of Express Scripts, Inc. It focuses on the analysis of key financial ratios for the last five years, current accounting and finance concepts in financial decision-making, a financial problem and current reporting requirements, and the ethical as well as cross-cultural components of contemporary accounting...
Introduction In the last five decades, economic development in business organisations has taken a new turn with an accelerated growth attributed to the influence of advances in transportation infrastructure involved, especially in the technology used in transportation facilities (Cortada, 1993). In addition, advances in production machinery, methods used in production,...
About the company Whirlpool Corporation is a multinational corporation that is based in the United States. The Company’s headquarters is located in Michigan, United States. Whirlpool Corporation is a public company that trades on the New York Stock Exchange with the ticker symbol WHR. Further, it is a component of...
The accounting profession in Canada followed the same structure for several decades and no major change took place in its framework in all these years. However, the changing global economic and financial scenario fueled by intense globalization forces has convinced leaders to rethink ways the Canadian accounting profession was structured....
Introduction In 2002, the legislature passed the Sarbanes-Oxley (SOX) Act to handle corporate fraud and governance issues related to the rising violations of investor trust (Fletcher & Plette, 2008). The Act was also a response to the perceived imbalance between public and privately listed companies. To understand the impact of...
Introduction Over the past few decades, the contemporary business environment has been characterized by a rapid rate of expansion amongst business entities. The international market is one of the investment destinations that businesses are increasingly venturing in the recent times. Subsequently, the development of sufficient knowledge on international concepts such...
Introduction Enterprises should have superior cash management techniques. Moreover, companies should have excellent credit management policies to help them in managing their credit services. Firms ought to establish viable financial management policies to overcome the financial crises that arise due to inflation (Baccarin, 2009). Besides, they should monitor their accounts...
Abstract This treatise is a report to the Chief Finance Officers of Occidental Petroleum Corporation, Nike, Inc., and McKesson Corporation on the impact of several variables on the movement of stock prices of these companies. Occidental Petroleum Corporation operates in the oil and gas industry. McKesson Corporation operates in the...
About the business Ocean Commercial Holdings is based in North America. The gap in the provision of a wide range pasteurized dairy products and the passion to venture into dairy farming created the need to form a dairy company in the area hence the formation of Ocean Commercial Holding. The...
Introduction The financial ratio analysis will be carried for Intel Corporation. Intel Corporation is a public company that is based in the US. It was established in 1968. It operates in the semiconductor industry. Intel Corporation trades on NASDAQ with the ticker symbol INTC. Besides, it is a component of...
Abstract Differing rules that apply to different jurisdictions and under different systems apply different approaches to commodity pricing and indexation. This paper presents a discussion of the different approaches by exploring differences in the rules of commodity pricing and indexation between the conventional banking systems and the Islamic banking systems....
Executive Summary This paper demonstrates the use of real financial data in financial analysis in decision-making for potential investors. The objective is to carry out a broad financial analysis for Deltic Timber Corporation. It explores the various techniques and tools used for financial analysis. The study is based on a...
Introduction Joint venture is one of the methods of corporate restructuring. A joint venture is described as one of the business agreements between the parties in which parties agree to create a new business or we can say a new company in which both parties share the assets (Beamish, 1987)....
The selected company for bond analysis and valuation is Accenture Plc (Accenture), which is a leading computer and accessories manufacturing company. The evaluation of a bond offered by the selected company that will pay $100,000 in a year’s time is carried out on the basis of the inclusion of various...
Hedging Firms in the financial industry do incur various risks such as liquidity and credit risks. In order to offset the risks they face, organizations can be involved in various investment positions referred to as hedges. Thus, hedging is a term applied in financials to indicate investment positions that an...
Introduction The stock market exchange has a critical role in the economic development of any given state. It serves as an effective tool for mobilizing financial resources to aid in economic growth and promote the efficient distribution of resources. The stock exchange market serves various investors, including retail, corporate and...
Introduction A derivative is a contract signed between two parties on an asset whose value is underlying subject to the fluctuations in the market. Derivatives are influenced by the market price and some perfect examples include bonds and stocks which are sold when the prices increases. Other assets include interest...
Introduction The concept of the efficient market hypothesis was developed in 1960 by Eugene Fama. The idea has widely been used across the market. Besides, several research studies on the efficient market hypothesis have been carried out since 1960. The concept of the efficient market hypothesis “holds that the prices...
Introduction Financial statements are reports that are prepared by an entity after every accounting period. Financial statements show an entity’s financial position at the end of the period. It also reflects its comprehensive incomes and respective cash flows. The main purpose of financial statements is to provide information to the...
