The following is the interview schedule that was used to guide the interview. Name of Interviewee: David Smith Occupation: Accountant Company: Barclays Bank Date: 4-12-2012 Location: Interviewees office at Barclays Bank Offices. 1. How did you end up being an accountant?
To remain competitive in the global business arena which is characterized by e-commerce and globalization, firm have been compelled to adopt new survival techniques. Mergers and takeovers has been one of the recent approaches in the industry. Popularly referred to as A&T, mergers and takeovers have become the most reasoned and strategic procedure in business with special consideration given to the ethical consequences and financial obligations of the affected parties.
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2. Employment and management of these funds in the business. This involves decisions pertaining to investment or divestment or distribution of funds of the organization. (ii) The main focus of a financial strategy is related to the financial element of the strategic planning and decision making by companies.
As a result, a number of business models that these companies mold their functions around have popped up into being and it is via these frameworks that businesses conduct their operations. A business model can be described as the rationale that an organization utilizes to achieve the objectives that they have set out in the beginning of the business and can be considered to be an essential part of the business strategy that a company uses in order to obtain success (Spencer, 2000).
Sometimes the owner of a company who holds most of the shares of a company sells his holdings in the market to raise money for himself by making an offer for sale of shares this is also referred to as initial; public offering (Geddes, 2003, p.1). Initial Public Offering is characterized by information asymmetric which means that the buyer and the sellers have different levels of information in hand.
ocial supply: 17 2.4.3.Mechanism of achieving and refraining social equilibrium: 19 2.5.IMPORTANCE AND ROLE OF CSR IN ORGANIZATIONAL REPUTATION 19 2.6.CORPORATE SOCIAL RESPONSIBILITY AS A COMPETITIVE ADVANTAGE: 20 2.7.CORPORATE SOCIAL RESPONSIBILITY’S IMPACT ON PROFITABILITY: 20 2.8.WAYS TO GENERATE PROFITABLE BY BUILDING REPUTATION THROUGH CSR ACTIVITIES 24 2.9.ECONOMICS PERSPECTIVE OF CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL REPUTATION PROFITABILITY OF FIRM 26 2.9.1.Motivational Factors: 27 2.10.ROLE OF CSR IN BUILDING REPUTATION AND PROFITS IN CONTEMPORARY WORLD 28 2.11.SUMMARY 30 Chapter 3: RESEARCH METHODOLOGY 31 3.1.INTRODUCTION 31 3.2.RESEARCH OBJECTIVES 31 3.3.RESEARCH PUR
Due to globalization, most of the multinational companies are converging towards the IFRS, leaving the traditional GAAP framework of accounting used in the United States. Differences in the measurements of Goodwill Impairment with GAAP & IFRS The assistance for accounting of impairment of goodwill is analogous to GAAP and IFRS.
ACC 410 A, B, and C, often referred to as intermediate accounting, cover a notable portion of the Generally Accepted Accounting Standards (GAAP). ACC 410 A particularly gives a good understanding of “the accounting process, the principal financial statements, accounting concepts, theory and application of the time value of money, and accounting for cash, receivables, and inventories” (Chegg).
The company has been expanding by leaps and bounds during the past decade and its operational and financial outlook looks amazing. In August 2004, the company made its Initial Public offering (IPO) and officially got listed on the NASDAQ index. The paper presents an analysis regarding whether the shares issued were at premium or below the rightful price.
Amazon Inc. has its future well focuses through quantified strategic objectives. To make it more competitive in future, plans for acquisitions have been laid down. Amazon Inc. hopes to up its game and venture into chains like Staples. This will be met by tough competition from firms like CPG.
However, it is not always that this aim is achieved. This is because there have been occasions where the attempt to deliver high quality service to patients have been characterized by a number of errors and mistakes made by the medical experts. Due to the complexity of the use of drug and other health outputs, the consequences of such medical errors have always been very fatal and economically disadvantageous.
to our latest meeting, I have immense pleasure here in to enclose a report that will form the basis of your financial planning. The report aims to analyse your current state of affairs and then based on that the report will construct relevant immediate and long term financial objectives.
This paper looks into the formation of the central bank of GCC. Central Bank of GCC is yet to be formed officially, even though member countries have already met to discuss its structure, functions, and the qualifications of its membership.
It has been argued by IASB that for small and medium scale enterprises, a global financial reporting standard is required, since the advantages of internationally comparable accounting standards are not only limited to the large businesses, where the equity and the debt instruments are traded in capital markets.
Since the budget is just an estimate of what management wishes to achieve within a specific period, the organization does not always attain the targets specified in the budget (Sherman, 2011, p. 76). The organization usually fails to achieve this target because there is no certainty of future occurrences.
The researcher of this essay aims to pay special attention to the factors affecting the BHP Billiton Company. The company has international operations indicating that foreign currency exchange rate movements affect its returns; however it can effectively shield itself against foreign currency risk by trading all the currencies of the countries it operates in.
It has been suggested, that financial market development results into lower transaction costs for sending remittances besides can also improve the competition between the institutions involved in international money transfer and other related services. It also improves the process of financial market development within any country or region.
It presents a comprehensive method of evaluation and measurement of leadership in organisations. A justification for using the method is also provided. The project also provides an academic literature on the effectiveness of measurement of leadership in organisations.
Equally important, the assessment of students experiences, remains with them for a lifetime and significantly affect their capability for future learning (Weeden, Winter et al.). The following is a variation of a model available on (, RCN: Home) to facilitate reflection.
This includes critical discussion on the relevance of accounting profit as a performance measure in an organization.The financial analysis of two companies would be based on the CORE framework. Sainsbury Plc is a company listed in London Stock Exchange and is engaged in primarily the retailing business.
Reflections upon the impact of Lord Liverpool’s support of the Corn Laws of 1815 on the support for the Conservative Party.
The corn laws of 1815 were controversial, in their own time as well as when seen through the lenses of later historians. Agriculturalists then regarded them as not offering enough protection, thus endangering British agriculture in the long run and were therefore opposed.
............................................................. Date...................................... Abstract Self – immolation is one which is often underestimated, specifically when relating honor violence to the UK. Honor violence relates to violence, specifically with homes, which occurs as a result of cultural affiliations with justifying the violence.
It is a security issued to the public as a source of funds to the government or firms. If bonds are issued by the government, then the funds realized are used in provision of public goods. But the most important reason why governments issue bonds is to use the funds to carry out the fiscal policies in case the economy is in any kind of a macroeconomic problem.
I am going to give an in-depth analysis of accounting. Primary objectives of accounting In a business setup, recording and summarizing financial transaction after ensuring their validity is usually conducted in determining the overall progress of the of the business setup.
The purposeof the report, ratio analysis is conducted for five years. To conduct a financial analysis, the first step is to review the profits that the firm has earned. For this, we take into consideration 5 years to be analyzed, which are 2011, 2010, 2009, 2008 and 2007 data reports. Ratio analyses are simply used in accounting.
Hence without understanding the different concepts of financing and their results, it would become difficult to realize and come to proper financial decisions. The present study focuses on the understanding of different concepts of finance that a small business owner would require in his/her decisions and include topics like NPV, debt financing, risk-return relationships, concept of beta, and systematic and unsystematic risk.
It was in the year 2008, during the global recession; J. P. Morgan Chase acquired Bear Stearns. Bear Stearns was ranked fifth amongst all American investment banks at the time of its downfall (Source Watch, n.d.). Improper financial risk management was the centre of the reason for its downfall.
Accounting is one of the basic business functions of an organization. Accountants are responsible for keeping track of the economic activity of the business. The two most important branches of accounting are financial and cost accounting. Financial accounting deals with the recording of financial transactions and determining profits and losses, while the purpose of cost accounting is to analyze, ascertainment and control of cost (Assar, 2011).
Topic: You Are an Entrepreneur Course Title: Name: Professor Name: Date: Business Plan Business Type “Beverages Shop” would be initiated with the initial investment outlay of $ 250,000 from a range of investors and lenders. As the name indicates that the business would serve a range of non-alcoholic beverages to the local customers, the entrepreneur intends to offer all types of brands and products available in the beverage industry.
What is the primary objective of financial reporting according to the joint fasb/iasb conceptual framework? The intention of the joint fasb/iasb conceptual framework was developed to improve and build upon the existing framework already being implemented. It is believed through the joint construct they can improve the essential need to fulfill the goal of developing standards that are “principles-based, internally consistent, and internationally converged and that lead to financial reporting that provides the information capital providers need to make decisions in their capacity as capital providers.”("Financial Accounting Standards Board") The joint conceptual framework will be conducted
Introduction The paper examines the applicability of the case study method to the dissertation topic of reducing risk via the use of derivatives. The goal is to be able to determine how suitable the research method is for the purposes of undertaking the dissertation well, and if not, what the best method is for undertaking a financial dissertation?
This shall provide an overview of the type of business ownership they will opt for, the kind of accounting information system they will select, the set of individuals for whom their financial statements shall be important and lastly the constraints to which they will be subjected to in case of financial reporting.
However, the recent economic progress of China and other Asian countries has enhanced the worth of investing in these countries. This has resulted in many European and American companies moving their manufacturing and R&D operations to counties like India and China.
Whereas the spot (or nominal) exchange rate refers to the present price of a foreign exchange, a forward exchange rate refers to the future price of foreign exchange at a specified date (Bhole, and Mahakud, 2009). 2. Introduction The foreign exchange market involves the buying and selling of national currencies (Ajami, 2006).
The author of the article describes a technique used in his company which is to compare the financial ratios of the firm with the competition. Upon comparison of the ratios the weakest ratio is identified in order to implement a plan to improve the metric.
3 pages (750 words)
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, Book Report/Review
Bruner has been able to extract the instructive lessons through careful examination of a series of M&A wrecks. Bruner presents his knowledge by artful contrasting failures with other deals where different results are as a result of greater discipline and care.
ACCOUNTING THEORYIntroduction To better understand accounting theories there is need to develop an understanding of what accounting is in the first place. This picture is best painted by looking at the history of accounting that will also provide insight into the various accounting theories.
This variance from an organisation’s budget is what directs attention to important aspect of budgetary process, the control process. There is need for accountants to explore all variances as a practice of “management by exception” (Bunce et al 1995).In the management of public resources, it is important to adopt a control model that aids the process of good governance.
The company operates and has airport hubs in Ronald Reagan Washington National Airport, Charlotte International Airport, Phoenix Sky Harbor International Airport and Philadelphia International Airport. The US Airways is a member of Star Alliance and has over 285 turbo and regional jets.
ons and Conclusion 16 4.1 Suggestions 16 4.2 Conclusion 17 References 18 Executive Summary This is the summer internship report of my training at Wahat Al Wafa General Construction and Maintenance Company, as finance and accounting intern. I worked in the finance department under the supervision of Mr.
The achievements are also elaborated along with the framework which has made them successful. The report elaborates the concept of fair value accounting system and the arguments for or against the decision of inclusion of the fair value concept in the financial reporting.
The companies selected for the purpose of research are Apple Incorporation from the Information Technology sector, Pfizer Incorporation from the pharmaceutical sector, Citigroup Incorporation from the Banking sector, Chicago Bridge & Iron from the Infrastructural sector, and General Motors from the automotive sector.
Evaluation of Theoretical Price of Share 9 2. Selection of Companies 9 3. Dividend Discount Model 10 4. Forecasting Growth Rate 10 5. Comparative Earnings Methodology 12 6. Determination of Cost of Equity 13 7. Determination of Theoretical Price of the Selected Company 13 References 15 Appendices 17 Table 1 – Descriptive Statistical Analysis 17 Table 2 – Short-run IPO Performance Analysis in Australian Stock Market 17 Part A: Case Study – IPO Under-Pricing 1.
European Union faced the prospect of diverse financial reporting regimes across European Union participants when it moved across the markets within Europe. It has become essential to adopt universal financial reporting standards in order to achieve true scale of financial integration (Deloitte, 2012).
In most organizations that have the best of technology and the most efficient systems in place, managers often fail to achieve their planned targets primarily because they are naive on the behavioural management aspect of their job role.
The effects of the 2008 financial crisis have been global and the gulf region that includes Kuwait, Bahrain, UAE, Oman and Qatar has a fair share of their investment program disruption. It is important to note that USD 1400 billion investments is already in pipeline between 2009 and 2015 in the GCC countries that include Kuwait, Qatar, Bahrain, Oman, UAE.
11 pages (2750 words)
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, Research Paper
The paper operates mainly based on research questions which can be stated as follows: Is the rules and regulation are sufficient to minimize the risk of fraud? What the consequence of fraudulent activities to the organizations? How each read flag can be corrected and describe who and what is involved? What are internal controls to prevent these red flags from reoccurring in the future?
It also takes into consideration the problems that are likely to be encountered. Budgeting communicates ideas and plans (BPP 1998) so as to ensure that each employee that is affected by the plan is aware of his or her role in helping the organisation to achieve its goals.
This offense is important because these mob group activities kept other companies from competing in Galante's area without paying him and drove up prices for customers (FBI, 2008). His offenses fell under the Racketeer Influence and Corrupt Organization, or RICO, statute (18 U.S.C 1961-1967) due to his committing extortion and bribery, violated the Internal Revenue Code, and even could fall under the Hobbs Act (FBI, 2008; Abadinsky, 2010, pp 363-368).
The board of directors is a group of individuals who are responsible for running an organization. They work closely with the managerial staff in order to create a strategic plan for a company. Due to their position the members of the board of directors are entrusted with information that can change the future of a company.