Financial Management Essay Examples for Free - Page 3

A Gold Mining Company’s Initial Public Offering

IPO Market Overview It’s quite evident that the world’s largest mining and metal industries have become troubled by the ‘wall of debt’ that has a serious impact on the supply of these metals in future. This can cause a very high process for the products in coming years. Debt concerns...

Greater Manchester Fire and Rescue Authority: Strategic Financial Management

Introduction Following the elections, there has been a lot of pressure to reduce government spending. “The treasury management strategy demands that the council authorities must set prudential indicators annually to demonstrate that their capital investment plans are affordable and sustainable” (McDermott 4). The fire department and other council departments are...

Financial Analysis of Procter and Gamble

Introduction Objective of paper The current analytical report provides a detailed review of a US based company Procter and Gamble. The report encompasses findings regarding the company, its management and product profile along with a discussion on the industry and competitive forces that exist in the market. The economic challenges...

Factors that Determine Insurance Rate

Introduction The demand for motor insurance policies has been on the rise as a result of developments in the commercial trucking industry. Consequently, the insurance industry has been improvising ways on how to charge for the policies which involve the determination of the insurance rate. Insurance rate refers to the...

Cadbury Public Limited Company: Financial Management

Introduction Cadbury Public Limited Company has been a large global company in the confectionery industry. The company was acquired by Kraft Foods in February 2010. Initially, the company was known as Cadbury-Schweppes Public Limited Company before the separation of its US beverage unit which is currently known as Dr. Pepper...

Ongko Furniture Store Analysis

Introduction Ongko Furniture Company is faced with the decision of whether to continue producing furniture, or whether to adopt a Hi-Tech technology or become a distributor of another manufacturer’s furniture. The purpose of this paper is to analyze the different financial alternatives that are available to Ongko Furniture Company and...

Financial Management: Principles and Applications

Financial Management: Principles and Applications is considered to be one of the best works by Arthur J. Keown, John D. Martin, John. W. Petty, and David F. Scott. It is the 10th edition, and certain changes take place in this book. The first chapter provides interesting information about a flow...

Evaluation of the New Machine

Summary This report evaluates the viability of a new machine that is to be purchased by Hawthorn Hospital Equipment Ltd using two methods of evaluation: the payback period and the net present value. The report then makes a recommendation on whether the new machine should be purchased or not. Evaluation...

Financial Management: Barclays Bank Analysis

Barclays bank Ratio analysis A financial statement ratio is computed by dividing the pound amount of one item reported in the financial statements by the pound amount of another item reported. The aim is to express a relationship between two relevant items that are easy to interpret and compare with...

Financial Asset Valuation Methods

The field of accounting has several areas where differing principles have to be applied in order to achieve an accurate assessment of both the performance as well as financial position of the organization in question. One such area regards the valuation methods adopted for the different assets owned by the...

Principles of Managerial Finance

The theory behind management is to run the company in the interest of the owners, and this is what the management should concentrate on. the managers have a responsibility to run the company to benefit the owners according to the stock-holders theory. Problems would occur if the managers acted or...

Saudi Fertilizers Company’s Forward Exchange Contract

The spot exchange contract The decision by Saudi Fertilizers Corporation (SFC) to make a commitment of a single payment for the purchase of a ship would be based on the spot or current exchange rate of the Riyal against the Yen. This option which binds the two parties of the...

EBay Inc.’s Stock Option Plans

There are many ethical issues that happen to suggest themselves while working with financial statements. Considering that the accounting system has similar features to the legal system, issues that emanate from both the legal system and the justice systems can be considered. By the fact that the systems are constructs...

Allocation of Fixed Costs

Introduction Segmented income statement is an important component in a firm’s financial reporting. This is mainly so with regard to firms which have diversified their operation (Kieso, Weygandt & Warfield, 2011, p. 13). This arises from the fact that it enables an organization’s management team to gain useful information regarding...

Simulation in Financial Analysis

Abstract The success of any organization is dependent on its financial status. The financial statements prepared by financial managers and analysts reflect the financial position of an organization. This implies then the accuracy of various statements is a significant aspect. However, financial analysts are faced with difficulties in analyzing the...

Financial Analysis Based on Benchmarking Technique

Introduction Budget expenses variation is generally associated with various financial management principles implemented within the organizations. In general, these variations are closely linked with the origins of the business, and the marketing situation within which a company operates. The aim of this paper is to analyze the budgeting expenses of...

Working Capital Management: Three Alternative Policies for the Lawrence Sports

Introduction Working capital management is a very delicate and risky thing to do. A manager has to deal with daily cash of its company and needs to balance things like collections, disbursements, future events, borrowing, bad debts and loan repayment all at the same time. The situation the financial manager...

Company Financial Accounting and Reporting

Introduction Companies that sell its stocks through the stock exchange are called listed companies and they enter the stock exchange through initial public offer. After the initial public offer, the stocks of the company are sold freely through the stock exchange and their prices are determined by the market forces...

The Term of Liquidity Risk: Asset and Funding Liquidity

Introduction Liquidity risk is a term that is used to describe the financial vulnerability that is encountered by businesses during asset disposal. Generally, it is used to mean the financial risk that might arise when a business attempts to sell its assets mainly because of the nature of the asset...

Activity-Based Costing in the Organization

Introduction Activity-Based Costing (ABC) is a management accounting technique developed to assign specific resource costs to the different products offered by the organization. It helps management by ensuring a better understanding of customer cost, the product, and profitability. It is very useful in developing strategic decisions especially in aspects of...

Interpretation of Ratio Analysis of ITV

Financial ratio analysis involves the calculation and comparison of ratios derived from historical financial figures of a business undertaking. These financial figures can be obtained from the published financial statements of the firm. “The level and historical trends of these ratios can be used to make inferences about a company’s...

Globalization and Financial Decisions for Managers

Introduction In today’s society, the role that management plays in all facets of life cannot be overstated. Man’s ability to plan for the present and future is purely based on the fundamentals of management. As such, management in whatever capacity is the key determinant to the success or failure of...

Fuel Costs and Transportation

Introduction In efforts to maximize profits, organizations need to be grounded on factors such as costs, factors that are seminal in determining the profitability of the firm. Costs are generally categorized into two; fixed and variable costs. Variable costs are those that vary with production while fixed costs are constant....

Managerial Finance Assignment for MBA

Incremental Cash Flows Once a firm has compiled a list of prospective investments, it must then select from among them that combination of projects that maximizes the firm’s value to its shareholders. This selection requires a set of rules and decision criteria that enable managers to determine, given an investment...

The Role and Effects of Budgeting. Beyond Budgeting

Introduction The recent change in contextual accounting in Europe is to adopt a distinct approach in place of traditional budgeting. This approach has been recommended given the shortcomings of the traditional budgeting exercise. Literature has identified budgeting as an important control tool in the hands of the management (Anthony &...

Governing Bodies for the Accounting Profession

Introduction To begin with, there is a strong necessity to emphasize that the governing bodies for the accounting professions are numerous and act on the basis of regulating the rules and principles of the standards of accounting worldwide. Originally, the accounting principles in particular, and the accounting professions in general...

Activity-Based Costing

History: The Need for Activity Based Costing In the 1980s, many managers became disillusioned with their cost accounting system. This led to the adoption of activity-based costing systems because of dissatisfaction that these managers with regards to their existing cost accounting system. There are several reasons for this choice. The...

No Risk in Abolishing Budgeting

Overview In the 1920s, the conventional model of budgeting was developed. That tie was a positive step towards financial integration. However, with time, the current budgeting standards have been under immense pressure. The current budgeting model is feeling pressure from both, the theoretical as well as practical aspects. On one...

Sell-Side Equity of a Smallcap Company: Flow International

Industry: Machine Tools & Accessories Flow International Corp. Ticker: FLOW Recommendation: ● Price: 3.39 (as of 19 November 2010). Price Target: 3.50 Earnings/Share Mar. Jun. Sept. Dec. Year P/ERatio 2005A $0.07 $0.09 $0.08 $0.00 $0.00 0.0x 2006A 1.6 0.00 0.00 0.00 0.00 0.0 2007A 0.00 0.00 0.00 0.00 0.00 0.0...

Startup Business Advice: Financial Issues

Introduction There are various forms in which an individual can finance a business. The major sources of financing a business include debt and equity financing among others. An individual is therefore faced with a task of making a decision on the best form of financing depending on the size and...

EarthWear Clothiers: Corporate Structure and Client Management System

Introduction Willis & Adams must address critical elements discussed in this report before accepting the new client, EarthWear Clothiers (EarthWear), for carrying out its external audit. Since EarthWear is a publicly listed company and its operations are not limited to a single market, therefore it is vital to assess the...

Profit Planning Process in Business Management

Introduction Modern businesses usually plan ahead before time. This is important for the businesses to be able to pay its expenses and solidify their liquidity status. Just like any other cost of the business, the process of profit planning is used to manage profits, that when further analyzed can be...

McDonald, Starbucks, and American International Group

This paper is going to focus on three selected public companies: Mac Donald, Starbucks and American International group. Looking at McDonald’s balance sheet for the year 2005 we can be able to ascertain its financial position for the period ending 31st December 2005. The total current assets for McDonald in...

Financial Alternatives Guillermo Furniture Company

Introduction Guillermo Furniture Company is faced with the decision of whether to continue producing furniture, or whether to adopt a Hi-Tech technology or become a distributor of another manufacturer’s furniture. The purpose of this paper is to analyze the different financial alternatives that are available to Guillermo Furniture Company and...

Financial Management of International Business Entities

Introduction The international financial market presents multiple challenges to a business enterprise seeking to strategically manage its global operations. The firm’s primary concern is to improve revenues at low costs and bring in higher profits. At the same time, modern and sound business principles dictate that in any business, prudent...

Google Merchandise Store’s Business Performance in 2020

Introduction The Google Merchandise store is a platform that provides an opportunity for Google’s brand to move forward. The appropriate allocation of the budget will lead to needed and timely investments in the features that need improvement and improve the control over the cash flow (“Budgeting and business planning,” 2020)....

BMW, Hershey’s and AT&T: Financial Comparison

Computations The computations for completing comparisons between the three industries can be performed by managers at any time to determine how the company he or she manages measures in comparison to other companies. All data was taken from the income statements ending 2009 and balance statements from the end of...

Interest Rate: Financial Institutions

­­Interest is the amount of funds paid to a lender in addition to the funds borrowed. Interest rate is the fixed or variable amount payable per unit time, given as a percentage or fraction of the principal and therefore determines the exact funds paid in a given period of time....

Pay-for-Performance in Public Schools

In the beginning, it should be stated that in order to provide an efficient pay-for-performance system, public schools are to invest substantial time, finances, and other resources. The mentioned aspects may be reached by making investments that go beyond a solely financial issue. Performance assessment may be considered as a...

Product Costing and Product Pricing Practices

Ingenbleek, Paul, Debruyne, Marion, Frambach, Ruud and Verhallen Theo. “Successful New Product Pricing Practices: A Contingency Approach.” Marketing Letters 14:4. (2003): 289-305. Introduction The pricing research in new product performance was mainly centred on normative strategies, and customer’s price and value judgments. Previous studies show that organisations fix new product...

Performance Management Project for Hotel Industry

Executive summary Stakeholders always rely on financial ratios to make a financial decision in relation to an organisation under consideration. Various stakeholders are always interested in various accounting ratios. Investors are interested in all the ratios while long-term debt provider is interested in the gearing ratios. Other suppliers are interested...

Top Management’s Pay Increase in a Failing Organization

Abstract U.S. corporations have come under heavy criticism in the recent past due to their top executive compensation schemes. This has been especially in light of the recent financial crises which have resulted in companies failing while CEOs and company top management continue to enjoy high pay. This paper advances...

Managing Financial Resources in Business

Introduction The success of any business venture can be attributed to the strength of its financial muscle. Businesses of all types and sizes certainly require funds in order for them to survive and be able to substantively grow and expand. For a business to thrive, it has to effectively compete...

Financial Management in Small and Medium Enterprises

Introduction Small and Medium Enterprises – SMEs as a whole play a very vital role in the stability of a country’s economy and this importance becomes more relevant in the wake of the recent financial crisis which started in the United States of America and eventually affected other parts of...

Financial Policy: Evaluating an Acquisition or a New Project

Introduction Acquisition refers to the act of contracting or taking possession of something. Firms that have an acquisition contract agree on the terms and conditions that will guide the contract. It, therefore, seems that the acquiring company starts a new project which requires specific considerations. The issues that a manager...

Economic Data Value for Business Decisions

Although it is not easy to measure and quantify the value of statistics in modern society, the US government data plays fundamental roles in several sectors of the nation’s economy. According to Hughes-Cromwick and Coronado’s (2019) article on the value of economic data on business decisions, there are several benefits...

Financial Analysis: Considering Current Financial Projections for Rolls Royce

Due to changes observed presently in the global economy, adjustment strategies and, particularly, the development of a resilience mechanism, is needed. Given the outcomes of the financial analysis performed recently, the company will be seeing certain challenges in the nearest future. Specifically, the fact that Rolls Royce’s ROCE has dropped...

Wicked Widget Company Payment Policy Analysis

To save money, Wicked Widget have decided to pay employees per widget produced, rather than per hour spent working. They are sure that this policy will lead to gains not only in terms of efficiency – that is, less cost to the company and fewer employee minutes per widget –...

Packwell Limited: Analysis of Costing System

Executive Summary The objective of having an efficient costing system is to arrive at the cost and profitability of the individual unit of product or service manufactured. The system also enables the managers to have a close monitoring of the performance of the divisions by comparing the actual results with...

Impact of Sustainability on Corporate Financial Performance

For a long time, profit maximization was considered as the main management goal. However, it did not give the possibility to maximize the use of the economic potential of the corporation, as, in the pursuit of momentary profit, leaders do not think about future development prospects. As the economic situation...

Investment Appraisal for BL

Introduction and Case Background BL is planning to undertake a project that will replace the existing cranes or repair the existing ones. After analyzing the two options the company should decide on the decision to make that is either maintain or repair the existing cranes or replace them. Capital Expenditure...

Managing Finance by Investment

Abstracts The trend of investing in the financial market is an important opportunity for individuals in terms of saving and making money from their income. But the financial market is very volatilising and unfortunate with a risky environment. Thus a huge number of financial consultancy firms are growing up but...

BP and Shell Companies’ Financial Analysis

The assignment focuses on the financial statement analysis of both BP and Shell companies. The focus of this research is to evaluate the financial performance of both Shell and BP Company. The research centered on the major financial statement ratios. Based on financial statement ratios, BP did financially better than...

Three Types of Costing Techniques in the Organizations

The recession has forced the organizations of almost every industry to reduce their costs, increase their profit margin, gain efficiency, and maximize their value-creating potential. Of course, the prices of the products and services fluctuate due to the change that is incurred in the development and provision of those products...

Share Price Movements Analysis

Share price movements are of great concern within traders, financiers, and people related to this field of activities. The price depends on many factors. The first point in this case concerns the type of a product or service. Second, price varies in its scale. That is why the experts tend...

Financial Management in Health Care

The difference between accounting and finance Accounting is the sphere of financial management of the hospital’s assets that does not involve any decision-making processes. It involves the arrangement of tools for assessing the current position of a hospital, i.e. through the preparation of financial and income statements, balance sheets, cash...

Factors Influencing Employee Turnover Intentions

Introduction The purpose of the report is to present the findings of a narrative review study on the factors influencing employee turnover intentions. Employee turnover is a significant issue in contemporary management because it impacts the effectiveness of the workforce and leads to additional human resource expenses due to the...

Unbalanced Ratio of Working Hours to Rewards

Abstract The hospitality sector has become a particularly prominent part of the global economy in recent years. Although it includes a limited range of company types, the number of players in this sector, and their differences in sizes, services, and class are striking. The quality of service provided to customers...

The Financial Analysis of Coca-Cola

Introduction The financial analysis of Coca Cola is performed in this section, which focuses on the company’s financial performance and its stock price movements in the last five years. The analysis compares the company’s stock performance with three competitors, which also operate in the global market. Lastly, the analysis shows...

“A Treatise on the New Money” by William de Turnemire

Introduction “A Treatise on the New Money,” originally written in Latin, is believed to be created by William de Turnemire, a Master of Mint, or probably a foreigner, who was a Master of Mint as well, circa 1290. The treatise is devoted to the issue of coinage, purchasing silver, and...

Contribution Margin: Wonder Co. Case

The pricing strategy and pricing principles that would allow the firm to meet its objectives effectively are being developed in parallel, and working on a pricing strategy is a long-term economic process because it is impossible to create a plan that could then be used for many years. The pricing...

Acquisitions Business: The Principle of Acquisition Management

Introduction Acquisition management is also termed procurement management or contract management. It is the process within which a company obtains the resources required for the production of economic goods to be sold to its consumers. The formalized acquisition process of products and services has its foundation in military logistics. In...

Walmart: Financial Management Ratio

Introduction Since the choice of a company that warrants an investment is complete, the analysis can now move on to a more detailed investigation of Walmart. While the initial impressions of the company are positive, it may be operating in an unsustainable manner and be a poor investment choice. Ratio...

Wonder Co.: The CVP Analysis

CVP Analysis Use Margin analysis helps to identify the optimal proportions between cost and volume of sales, which allows Wonder Co. to determine the volume of sales for each specific situation, providing break-even activities. This type of analysis is also called CVP analysis (cost – volume – profit or cost...

Walt Disney World: Financial Analysis

Walt Disney World is an entertainment complex opened on October 1, 1971, that provides resort services. The complex is based in Bay Lake and Lake Buena Vista, in Florida. The founders of the complex are Walt and Roy Disney. The current president is George Kalogridis. The complex has numerous attractions...

Guess’ Share Price Finance Management Analysis: 2017-2020

Introduction Financial analysts use various models and theories to calculate share prices. Such an exercise is possible since investors are usually expected to act without any form of bias and rationally. Nonetheless, a wide range of aspects will affect share price, including prospects and current organizational performance. Guess’ share prices...

Strategic Compensation: Case Study of Plastec Company

Introduction The compensation of employees is an integral function of human resource managers. Mathis and Jackson (2013) hold that the development of compensation strategy is a rigorous exercise because it requires consideration of numerous factors in the workplace and the professional expertise of employees. In this view, human resource managers...

Mergers & Acquisitions and Impact on Stakeholders

Introduction The process of business consolidation is currently have become commonplace. Goals and tasks set before such transactions at the time of the announcement, in most cases, are related to the growth of business efficiency, obtaining a synergistic effect in one form or another. However, despite optimistic plans, only a...

Management and Accounting Principles in Business

The quick spread of COVID -19 is disrupting millions of lives, and the economic damage will be far-reaching. In the business world, it presents specific challenges and a set of risks to businesses (Evans, 2020). Business managers are concerned about how this uncertainty would impact their corporate performance and what...

Productivity & Costs of Small vs. Large Firms in Short & Long Run

Introduction Productivity is the ability of a company to maximize on its profits while reducing costs during a production process (Begg and Ward 2003). While the production process includes factoring of labor, land, and capital, productivity concentrates on the gains a firm achieves in business. Normally, in the short-run, one...

Application of Motivation Theory in Financial and Non-Financial Reward System

Reward system is the procedure in which the employees are appreciated in attaining the goals and objectives. The employees should be acknowledged on their work so as to increase their productivity. The employees may be appreciated may be done using the financial or the non financial rewards. The financial reward...

Toyota Multinational Company’s Financial Management

Introduction Financial management has emerged as a tool that helps improve the structure and quality of business globally. In principle, the main purpose of financial management is to ensure there is a clear pattern of cash flow management, which entails funds acquisition, raising, and allocating financial capital, taking into consideration...

Prohibition on Lobbying and Campaigning

Campaign Finance Regulation Federal v. State Regulation This regulation covers how money that is spent on raised and spent election campaigns is raised. Election campaigns may involve either candidates for public office or initiatives or referenda. What they have in common is that the individuals or issues appear on a...

Managerial Problems of Sibley Memorial Hospital

Executive Summary Sybil hospital is suffering from managerial problems. A lot of problems emanate from the historic management. The management and running of the organization appear to have been left in the hands of two people, leading to difficulties. Some of the problems occurring where lack of proper investment decisions,...

Mergers and Acquisitions: Cisco Acquires LinkedIn

Introduction In an article published online at TechCrunch.com, Kelly Porter, an M&A expert at Woodside Capital Partners, proposed the acquisition of LinkedIn by Cisco as one of the top ten acquisition candidates for 2010 (Schonfeld, 2010). The rationale of such a choice was explained through the possibility of LinkedIn extending...

Financial Resource Management

Introduction First, it should be stated that financial resource management is considered one of the most crucial aspects of the financial strategy of any company. Considering the necessity to analyze the company’s financial health, the FRM is often associated with the financial analysis and the matters of the financial strategy,...

Ryanair: Financial Analysis

Introduction I have chosen to analyze the financial performance of Ryanair holdings, which is listed in New York stock exchange and London stock exchange. It is one of the largest airline with low fair, low ticket fare and it has grown over years to be what it is today. The...

Effect of Green Policy on the Financial Performance of a Company

The businesses in the world today are under the constant watch of how well they are contributing towards the sustainability of the earth and its resources. While this was, enforced in the past through some environmental organizations, nowadays companies have come to embrace this challenge to come up with innovative...

Decreasing Electricity Bill and Medical Insurance Costs

The purpose of this assignment is to help CTY’s management team to find the solution to decrease spending on the most expensive categories. These include electricity bill and medical insurance benefits for employees. At the same time, employees should not feel the difference in their initial generous benefits package, so...

Share Repurchase: Should We Apply It?

Introduction Background information Share repurchases has become a common practice in most of the financial markets. It is adopted when the intrinsic value is below the market value of a share. This report will focus on main mechanisms of share repurchase that is, how these programs are carried out. The...

Assessment Dutch Conglomerate

Background This assessment will evaluate the Dutch conglomerate, ING. ING is a global financial institution “offering, banking, investment, life insurance and retirement services”. The group has over 85 million private, corporate and institutional customers spread across the globe. ING was founded in 1991 with the merger of Dutch insurer, Nationale-Nederland...

The Importance of Financial Management When Running a Business

Abstract One of the most important aspects in the case of starting a business as well as making it run in a smooth as well as a profitable manner is to make investigations and analysis into the finances that are available and how they can be increased by making calculations...

Sun Microsystems: Financial Analysis

Executive Summary After carrying out an audit of ratio analysis of Sun Microsystems, a number of inferences can be drawn. The firm is operating at losses as the profitability ratios does surpass the industrial average and the trend is declining. The company however is financially stable owing to its high...

McDonald’s and Wendy’s International Inc.: Financial Performance

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...

Managing Project in IT Analysis

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...

The Concept of Activity-Based Costing Systems

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...

Financial Ratio of Apple and Samsung

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 Analysis for Equipment Purchasing

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...

Corporate Financing in Long and Short Terms

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...

The Number of Employees and Revenues of Companies

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...

Apple Company’s Financial Performance

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...

Strategic Human Resource Management Theories

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...

Company’s Performance: Financial Reporting

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...

Internal Control Systems Effect on Financial Performance

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: Costs and Risks

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...

Abu Dhabi Marine Operating Company: Cost Optimization

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...

Nonprofit Organizations and Financial Management

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...