Introduction Public companies have a variety of stakeholders, such as shareholders, bondholders, bankers, suppliers, employees, and management. All these stakeholders need to monitor the firm and ensure that their interests are being served. They rely on the company’s financial statements to provide the necessary information. Detailed analysis of the financial...
Introduction The world of business is in the midst of revolution in which the key ingredient is control and Management. Every company that wants to move forward must embrace Information technology based. The purpose of businesses is maximization of goals especially this era of corporate sustainability and achieve this companies...
Traditional Activity-Based Costing (ABC) systems have been implemented at organizations since the middle of the 1980s when industrialization reached its peak. Such systems refer to accounting methods, which identify costs and assign them to overhead activities and then link them to product costs. Thus, an ABC system is used for...
Introduction In this report, two competitor firms have been selected for review and analysis of their financial performance in the last three years (2015, 2016, and 2017). These companies are Apple Inc. (Apple) and Samsung Electronics Co. Ltd. (Samsung). Both companies hold a significant share of the electronics market specializing...
Benefit/Cost Ratio The benefit/cost ratio analysis is a financial metric used to estimate the total value of money for a given project or acquisition (Burton & Jermakowicz, 2015). It is analyzed relative to the total cost of a business venture. In other words, it takes into account the amount of...
Introduction Corporate finance is an area of management that focuses on how corporations get access to funds they need and how they are budgeted to address both long-term and short-term goals. Bodmer (2015) defines corporate finance as “the area of finance dealing with sources of funding and the capital structure...
Introduction The profitability of business is subject to numerous factors related to the production and marketing of goods or services. The number of employees in an organization reflects the production capacity and has a direct relationship with profits. Comparatively, revenue is an indicator of financial performance because it has indirect...
Introduction Apple Inc. is a multinational technology entity that is based in California, the U.S. It has presence across the globe. The company employs about 115 thousand people. Besides, it has over 470 stores in about 17 countries. The company focuses on the production of both computer hardware and software...
SHRM theories To be competitive, the companies need to offer the best choice of products to their customers and be sure that employees are ready to follow the company’scompany’s agenda. The following main approaches are going to be examined in the paper: the Universalist (best-practice) approach, the Configurational approaches, and...
Introduction Financial statements are a valuable source of information about a company, regardless of its size and type. Financial statements provide data concerning the company’s business and financial health. Hence, a variety of stakeholders can use financial statements to gain more insight into the company’s performance. Whereas internal stakeholders, such...
Introduction A business organization should engage in practices that foster the realization of financial goals and objectives. The attainment of desirable financial performance is usually a depiction of competitiveness in the industry in which an organization operates. Thus, the effective management of the accounts and finances of a business organization...
Enterprise Resource Planning (ERP) is specific software that is used in organizations to manage all business processes as a system and with the help of applications. Organizations often choose ERP for optimizing and improving their operations regarding the integration of a complex automatic system in the work of all departments...
Cost Optimization Techniques & Strategies in Organizations Cost optimization techniques and strategies have become very critical components of management in the modern business environment. According to Collis and Hussey (2013), competition in the market has become very stiff and it forces firms to come up with unique ways of improving...
Executive Summary The modern organizational environment has many types of organizations. While some organizations exist to increase the welfare of the shareholders by maximizing profits, others emerge to address humanitarian and environmental issues devoid of profit-making motive. Both organizations apply financial and accounting standards and principles when revealing their financial...
