Although IFRS financial statements are prepared in various forms and sizes, they all have certain features in common, and they mainly include relevance, faithful representation, comparability, timeliness, and understandability. Since IFRS financial statements are very relevant to end users, they can make sound decisions regarding the company.
The discussion seeks to answer the questions: What are the major risk factors of Amphastar Pharmaceuticals? What is the percent of the company sold to the public? What is the percent of the company held by insiders? What is the value of the company at the IPO? Why did the company go public? What is an emerging growth company? Does this help Amphastar and investors? How?
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The conclusion from this study states that the agency theory, besides a number of its weaknesses provides an approach through which the corporate governance problem can be solved. The theory proposes that to settle the conflicting interests of the shareholders there is need to reinforce the control systems by setting up an independent board structure and composition.
The author states that Congress asking for the government to cut its spending on military and focus on social concerns such as education or health. The article suggested that we should consume less than what we earn. Everyone must learn how to live within their means so as not to add to the burden of the country.
Like in many other restatements, the management of Office Depot experienced several challenges as a result of the restatement. There are normally very many speculations whenever the financial statements of an organization are restated. Most investors and shareholders normally connect it to fraud or inappropriate market practices.
From this paper, it is clear that Benford’s law was discovered back in 1881 by American astronomer names Simon Newcomb, who noticed that the earlier pages of logarithm tables that are used in the performance of calculations were much more worn than other pages. Newcomb published result become the first known instance of this observation.
The bank has not defaulted on its term borrowings and has performed well in terms of their equity base. Overall the bank’s statements reflect the quality of the bank's operations. Although there can be a few improvements in the operations of the bank and its customer base, however, the bank has performed remarkably well showing high revenues and net profits.
Selection of accounting software that meets the requirements of a government contracting company needs a careful process to ensure all the customization tools are flexible and can be integrated to the general functioning of the company particularly in the vertical market, which exhibits unpredictable trends.
This research will begin with the statement that professional competencies are often credited as necessary in order to attain a better livelihood and better standard of living along with ensuring their well-being. Occupation holds considerable significance in the pursuit of attaining professional competencies and success.
The author states that the company has the ability to process fresh and high-quality seafood. However, due to stiff completion, the company is unable to attract enough customers, to ensure that it catches up with the competition. The company is unable to raise the kind of capital that Applebee’s and Brinker international possess
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The evidence suggests that a shift from local GAAPs to IASB GAAP benefits the country involved. However, the quality of the IASB GAAPs is crucial before adopting the standards. This is due to the fact that, foreign investors applying the IASB standards in reporting without reconciling with the local FASB standards.
For those who succeed, a chance is there to bring their companies in a better position in the eyes of the investment community. To prove successful, one must be aware of the issue and also have the power to adapt and embrace the new principles. Financial ratios also enable the businessmen to evaluate the strengths and weaknesses of the company.
The 2008 economic crisis had a global effect on all the member states of EU. The results of the crisis are significant and have consequences on all levels of the economy. The crisis highly influences the priorities and decisions that the EU makes. Introduction of single markets in banking institutions as a result of the economic integration process.
IPO refers to a public offering that involves the sale of stocks of a private company to the general public for the first time, on a securities exchange. A private trading company converts into the public company after issuing IPO to the general public investors. A private company can issue IPO to the public for various reasons.
The author concludes that managers tend to use earnings management for protecting the market position. Earnings management has been proved to be a complex process. Apart from the fact that many techniques are available to managers in regard to earnings management, it is not guaranteed whether the particular activity is based on ethical motives
Therefore, minimum variance portfolio (MVP) refers to the least possible level of inconsistency in the rates of stock possessed in a stock market by an individual or firm. Minimum variance portfolio is important for the valuation of variables, such as stock. The Microsoft Excel file attached will be the basis of our minimum variance portfolio.
Mitalio Software Inc is a reputed organization of California operating in the technology sector aiming to render services related to the ‘enterprise business software’. It is located in Sunnyvale region of California. By the end of the year 2005, the company was recorded to earn a net income of US $ 12,116 (in dollar thousands).
The exchange rate of a particular nation’s currency determines the price at which it trades for another currency on the exchange market. The exchange rate amid the currencies of two nations is referred to as the bilateral exchange rate. It is defined as the number of units of either currency required to buy one unit of the other.
According to Kargin (2013), the benefits that stem from using the single set of international accounting standards (IAS) are highly compelling to both states and organisations. In light of this development, IFRS has emerged as the single most preferred International Accounting Standard by the developed and developing economies.
The author claims that investments in stock do not yield fixed rates of return. The returns obtained from stock or the dividend earned depends upon the residual earnings of the firm. Since organizations operate in a complex business environment, it is difficult to predict the profits earned by a firm accurately.
In the light of the 2007 - 2010 financial crisis, the efficient market theory can be based on the market dealings of the subprime mortgage crisis. On the other hand, the behavioural finance theory is a theory that bases the market trends in the psychology.The efficient market theory is regarded as the main contributor to the 2007 financial crises.
The author states that from the balance sheet of Carillion Company, the issue of insolvency and bankruptcy is addressed. The assets and liabilities decreased in the amount from 2012 to 2013. From the computation, the debt to asset ratio shows 76.07% in 2012 and 30.63% for 2013. This indicates the firm inability to meet the financial responsibilities.
It is also critical to understand that social enterprises are just one part of the social economy as social economy comprises of other organizations and entities also which are not directly related with the trade linked activities or which are not directly linked with the generation of profits for the wealth building or value creation.
Toyota has achieved global success and has been the largest automotive producer in the world competing with Volkswagen, General Motors, BMW, Daimler-Benz, among other automotive makers. Toyota has a presence and is widely accepted in Europe but took time before deciding to shift manufacturing operations to Europe.
However, a number of sources stand out as prominent sources that easily prove to be reliable and efficient. These sources include scholarly journals, periodicals, professional associations or credentialing associations and trade publications. These sources’ credibility comes as result of several factors such as longevity of a source.
However the magnitude of its financial impact was nowhere as devastating as that of the ‘Great Depression’ during 1929-1933. This article evaluates both the economic downturns and assesses how the lessons learned during the former downturn helped the Federal policy makers to soothe the economic condition during the latter.
Cost management is a very significant aspect of accounting. Courtesy of the changing trends characterized by technology need for simplicity as well as maximization of resources costing systems is changing. This has attracted diverse opinion from the accounting professionals as well as the business owners.
The standards improve the quality of the information being availed to the users by more improved discloser principles. The major parties to be affected here are the company that enters into the contract with the customers and this can only be so if the contract overlaps into another field like leases or insurance in which case, other rules will apply too.
Corporate governance performances and the relation of social, environmental, and economic performance should be the subject of further research. In this regard, corporate governance can make a contribution to long-term strategy. A perfect example here is Ford. The company recognized that it is vital to establish some sustainability-specific structures and processes.
The roles of securitization in mortgage include barking up securities, collateralized debt obligation and structure invested vehicles (Barger, 2008). In today’s setting, one that gets a loan is likely to sell the loan to a third party which can be government agencies, an institution in the private sector or government-sponsored entities.
From this paper, it is clear that Croda’s products are widely used for many industrial and household applications, including fabric textiles, softeners, metalworking, cleaners for hard surface, and treatment solutions for leathers, industrial applications, lubricants, explosives, agrochemicals and printing inks.
They are short-term in nature and require to be paid back in one year. External funds are those that are raised outside an organization (Kapil, 2011). They are long-term and paid over a long period of time. This is the major difference between the two methods of funding.
According to IAS, cash generated is also known as the operating cash inflow of a business. Therefore, this report has the explanations but it has used the terms operating cash inflow of a business. Cash inflow of a business is the main measure of whether the business is able to maintain its levels of operation with or without funding from an outside source.
A thirty-minute error within the estimate of the assembly time cost $1, 500, which is extremely expensive. Minor mistakes on the direct labor estimates of Fabricator Inc mainly swing the underlying bids around thus putting the company in a disadvantaged position in the market. The engineer is also concerned about the escalating overhead rate.
GE is one of the largest and diversified organizations in the world having interests in power generation, aircraft engines, household appliances, medical types of equipment, oil and gas production equipment, and numerous industrial products. GE's operations are spread across over 100 countries employing more than 300,000 people.
This was followed closely by WorldCom, one of the largest telecom companies in July 2002, (Roy and Walter, 53). Several changes have taken place since. First off, the ensuing public outrage revealed a questionable investor confidence in corporate management, regulatory bodies such as the Securities Exchange Commission/.
The taxpayer’s unused foreign taxes can be considered as if they were cleared or accrued in the beginning and preceding and also ten years that succeeds to a limit of excess amount in those years. A period whether less than twelve months for which a return is made will be considered a tax year (Smith et al., 2009).
Many people are considering globalization as a way to the world economic development while the rest views it in a negative way. Some people believe that globalization would increase the unequal distribution of wealth among the rich and the poor as well as the gap between the developed countries and the third world countries.
Unlike physical and financial assets that can be quantified and seen, intellectual capital has the potential of contributing to cash flow but they cannot be held or quantified because they are made up of abstractions such as the skills possessed by the workforce, organization culture being operated and leadership styles.
The author concludes that activity-based management has been a success overtime despite some setbacks. Insteel managers indicated that the new ABC (activity base system) system influenced operations and also product portfolio, product pricing, and customer portfolio sound decisions
In addition to the quick ratio or current ratio (Monetary Assets / Current Liabilities) and the liquidity ratio (Current Assets / Current Liabilities), another very useful ratio to analyses a company’s performance is the quality of income (Net Cash Inflow from Operations/ Net Profit before Interest and Tax).
This paper will describe the role of the United Nations in transforming global governance to be more legitimate, democratic and transparent, drawing off of secondary research literature describing the role of the United Nations as both a peacekeeping organization and ensuring human rights as related to democracy.
In the 21st-century business market, organizations are constantly looking for approaches to find new strategies to promote their business and to remain profitable during a time of business competition. However, the success of merger or acquisition bid is often met by unprecedented challenges that may be unforeseen for the interested organization.
PSA’ accounting policies and US GAAP differ however on the allowed method used inventory costing method. PSA’s follows that of FIFO while US GAAP allows LIF0 (Kieso, et al 2007). The difference in the method will have an effect on the cost to be recognized because of the assumption of changing prices goods in the market because of the reality of inflation.
Its products are Accoya wood and Tricoya wood used in the external application. This report seeks to study its 2013/2014 financial reports and identify some areas of heightened audit risk. In addition, it will suggest five substantive procedures to be used in one of the identified areas in order to reduce such risks to an acceptably low level.
Raj Rajaratnam is a very prominent businessman. The Galleon Group is a high earning entity, making much of its profits from hedge funds. The political aspects can be integrated into the dealings of a hedge fund. This has created a pool of influential people who reap benefits from the translucency of managers in managing user-customer relations.
This consists of different accounting concepts that emphasize balance sheet among others. Ratio analysis is key in gauging the performance of the company and even comparing firms in different industries. Stakeholder’s interest and overall prediction of the future generally rely on such financial tools like ratio analysis.
The World Bank comprises of five different international organizations whose role is to provide financial help as well as suggestions to its member countries so that there is the complete transfer of economic development within those states and poverty is reduced or minimized as a result. The World Bank was created on 27 December 1945.
Balance Sheet is a financial report that shows the financial position of a business as of a particular date. It is also called a statement of financial condition or financial position. A balance sheet mainly focuses on the assets and liabilities of a company and it is essential for the two to counterbalance.
Incoterms are usually coded as three letter codes which define how a transaction is to be handled and the obligations of the buyer and the seller. However, as Seyoum (145) says, they are a rules and not laws and therefore hardly enforceable by government.