StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Britivic: Accounting Policies - Case Study Example

Comments (0) Cite this document
Summary
This paper "Britivic: Accounting Policies" presents the strategies adopted in cost and management accounting domains by Britivic to sustain its brand management even during the crisis of recession. Britivic is one of the two leading soft drinks businesses in Great Britain…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.1% of users find it useful
Britivic: Accounting Policies
Read TextPreview

Extract of sample "Britivic: Accounting Policies"

Download file to see previous pages In 2006, Britvic sold 1.4 billion liters of soft drinks in hundreds of different flavors, shapes, and sizes and delivers to over 4,000 customers and approximately 200,000 points of distribution. This explains the wide customer network of Britivic revealing the company's excellence in production and service capabilities.

Britvic has the instilled pride to produce more soft drinks brands in its portfolio than any other UK manufacturer. This provides an insight into the effective branding strategies and promotions followed by Britivic and the effective business planning of the company's management.
The company has approximately 2,700 employees based either at our main offices in Chelmsford and Sol hull or at one of seven factories and network of depots around the country. This portrays the human resource capability and strong local presence in the soft drinks market.
The corporate culture of Britivic provides an amicable atmosphere for all the workers who feel great working for the company. Britivic promotes excellence and initiative and encourages the employees to be passionate about our brands and their roles.
Accounting policies of Britivic
Source: Balance sheet data of Britvic (2007)
Investments
The Company recognizes its investments in subsidiaries at cost less any provisions made for impairment.
Interest bearing loans and borrowings
Borrowings are stated at proceeds received less any unamortized issue costs.
Issue costs of loans
The finance cost recognized in the profit and loss account in respect of capital instruments is allocated to periods over the terms of the instrument using the effective interest method.
Borrowing costs
]After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest method. All borrowing costs are recognized as finance costs in the profit and loss account in the period in which they are incurred.
Foreign currencies
The foreign currency transactions are recorded at the date of transaction referring to the ruling rate at that instance. Foreign currency denomination of assets and liabilities will be translated on the basis of the exchange rate as depicted in the balance sheet and balance sheet date will be used. All the noticeable differences are updated in the profit and loss account of the balance sheet.
Issued share capital
Ordinary shares are classified as equity.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Britivic: Accounting Policies Case Study Example | Topics and Well Written Essays - 1750 words, n.d.)
Britivic: Accounting Policies Case Study Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/finance-accounting/1525383-cost-and-management-accounting
(Britivic: Accounting Policies Case Study Example | Topics and Well Written Essays - 1750 Words)
Britivic: Accounting Policies Case Study Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/finance-accounting/1525383-cost-and-management-accounting.
“Britivic: Accounting Policies Case Study Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/finance-accounting/1525383-cost-and-management-accounting.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Britivic: Accounting Policies

Security Fraud and Manipulations Using Accounting Policies and Rules

...? Security Fraud and Manipulations Using Accounting Policies and Rules Here of Security Fraud and Manipulations Using Accounting Policies and Rules Abstract With a lot of economic failures cases related to security fraud and manipulation through the use of fraudulent accounting policies and rules in international corporations, it is essential to understand the business practises that have led to loose of shareholders investments. More significantly, the recent accounting scandals involved big corporations like Madoff scheme, Enron and WorldCom have not only led to shareholders’ lose of billions of dollars but also damage...
40 Pages(10000 words)Dissertation

Education Policies

...accountability actions or impractical implementation (Whitty, 2006). Many educators claim that greater authority should be given to expertise; that teachers or other educators should have power over rejection or acceptance of policy changes. However, it is not always obvious who is considered an expert in the field of education. For instance, researchers can be given the authority to device education polices as they possess empirical evidence, but have not, spent much time in classrooms be considered as experts. Furthermore, researchers frequently conflict over the evidence regarding certain education issues, for example, the best way to teach certain skills and on numerous significant issues for which...
7 Pages(1750 words)Essay

Brand Policies

...?Running Head: Brand Policies Brand Policies [Institute’s Brand Policies Marketing a brand to potential s is a science that has had many developments and enhancements over the past few decades. As companies experimented with various different products, ranging from mundane and utilitarian products to luxury goods, they realized that it is not possible to mould the marketing strategy of each product to the same branding policy. The nature of a product is the final determinant of the needed branding policy. Moreover, to choose the correct branding policy, and decide amongst individual, family, and corporate branding, one has several...
3 Pages(750 words)Essay

Policies

...? POLICIES PD-01 Human Resource Policy This policy is applicable to the Texas Department of Criminal Justice. The department shall develop human resource policies and procedures that are consistent and fair to all employees. The purpose of this policy, in the human resources department is developing a personnel command, which administers the program area which is enclosed by the policy and monitoring state and federal laws that may affect the particular area. Staff Review for the use of this policy is the review of a new or revised personnel directive performed by staff within the department or divisions other than Human...
3 Pages(750 words)Essay

The accounting policies of Marks and Spencer

...The accounting policies of Marks and Spencer Index: Introduction 2 Accounting Policies of Tangible Fixed Assets 2 Depreciation 2 Capitalisation of Interest 4 Accounting Policies of Intangible Assets 5 Goodwill 5 Transition to IFRS 7 Conclusion 11 References 13 Introduction Bringing accounting policies to single standard has become a basis of free competition. When financial statements of every company is prepared in accordance to same standards, it easier for investors to analyse the current performance of the company and to forecast its future. With national markets merging into global, the number of...
13 Pages(3250 words)Essay

Internal Policies (Accounting Ethics)

...Internal Policies Table of Contents Table of Contents 2 Introduction 3 Internal Policies 3 Electronic Communication 5 Conclusion 5 Bibliography 6 Introduction Internal policies are part and parcel for any sort of organisation, be it sole proprietorship, partnerships or company. Internal policies bind any organisation with the much required regulations. This is more prevalent in one’s own organisation and when such organisation deals with the subject and discipline of accounting. Internal policies are all the more required to have disciplined approach for the business contracts and electronic communication and data retention. Internal Policies In order to have transparent business contracts, my organisation provides for clear set... of...
2 Pages(500 words)Essay

Transportation policies

...Transportation Policies: A Case of Germany vs. USA Public transport comprises is the publicly owned means of transportation in which the passengers travel. It is also known as public transportation, public transit, or mass transit. Public transport not only involves travelling by road and rail but also transports by slated ferries, and taxi services. It is commonly beheld as a public carrier and is usually configured to provide scheduled services on fixed routes on a non-reservation basis. The majorities of transit passengers in public transport travel within a local area or region between their homes and places of employment, shopping, or schools (Frondel and Vance 3). This article looks at the lessons that the US can learn... ...
7 Pages(1750 words)Research Paper

Public Policies

...INTEREST GROUPS In America we are privileged to live in a democracy. We are truly fortunate. Many do not have the opportunities that we do. They livein countries that stifle the voices of citizens and refuse to let them have any sort of say in the way that they are governed. All laws and policies are imposed from above. In America today there are many individuals and groups who seek to influence the political system. Some people think this is a bad thing and that representative should only be influenced by voters who send a letter to congress and never groups that organize to present their views. These people feel threatened by the public interest groups that jockey for room and influence. However, there are others who believe... GROUPS In...
4 Pages(1000 words)Term Paper

Employer Policies

...Employer Policies Employer Policies Q There are different dos and don’ts concerning employment policies. Some of the dos and don’ts of employment policies differ based on the legal, ethical and good managerial concerns. Based on legal provisions, employers should ensure a safe workplace for all employees. Besides, employers must ensure all employees have health care coverage as required as provided under the Affordable Care Act. The law imposes penalties on employers with more than 50 employers for failing to provide health care coverage to them (Steingold, 2015, p. 112). Coverage for employees may be through HMO or PPO. Based on ethical basis, an employer should provide...
1 Pages(250 words)Essay

Accounting Policies International Financial Reporting Standards Adoption and Effects

...Accounting policies IFRS adoption and effects Introduction The adoption of International Financial Reporting Standards (IRFS) represents a process that began in 2001 to harmonise accounting in the European Union that then spread as a global initiative (Roberts et al, 2008). IFRS is a set of international accounting standards regarding how particular transaction types and other accounting events are reported in company financial statements (Roberts et al, 2008). The guidelines are provided by the International Accounting Standards Board that issues specifications regarding how accountants are to report and maintain accounts (Epstein and Jermakowicz, 2008). The driving rationale behind the creation and adoption of IFRS represented... ...
16 Pages(4000 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Britivic: Accounting Policies for FREE!

Contact Us