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.
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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.
The author states that in June 2002, the EU has adopted a regulation to prepare their financial statements in agreement with IFRS or IAS which is required to be followed by all listed European Union companies in the regulated markets. Companies are open to select their national reporting standards and follow Generally Accepted Accounting Principles.
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.
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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.
After death of his father due to cancer Lynch took up caddying in private golf clubs in Boston area. In 1950’s the golf club members were investing in stocks, as it was a very good time for investment. At that time Lynch came in contact with D. George Sullivan one of the big-wig in Fidelity Investments.
The city negotiated a very bad deal with the Bengals in which they assumed practically all the costs to build a new stadium. They also gave the Bengals a preferable lease agreement. The initial estimated cost of both projects was $540 million. The Bengals project was wrongly estimated.
On the other hand the company in strong position achieves its expansion policies by such strategic measures. However the overall goal behind mergers and acquisitions often do not yield favorable results. Sometimes it has been noted that the result of the mergers and acquisitions had brought in lots of unanticipated results which had resulted in the total loss of both the participating organizations.
In the words of Gibson (1982, p. 18), “probably no tool is more effective in evaluating where a company has been financially and in projecting the financial future of a company than the proper use of financial ratios.” This work discusses the importance of ratio analysis and how it helps in assessing a firm and its prospects for recapitalization and continuity.
The private sector on the other hand operates with the main aim of maximizing the return of the shareholders . Because of the differences in the reporting nature and the objectives of accounting reporting, government accounts failed to reveal the high level; of bankruptcy as was observed by the private sector.
In this paper, pros and cons of all these five methods will be discussed and in the end the best method out of the all five and the worst of all five will be deduced based rational discussion. These five methods are: a. Buy stocks of the companies that have undervalued ratings.
The product portfolio of the company entails pharmacies, pet centers, apparel, electronics, toys, home goods, fine jewelry, outdoor living products, automotive products, home fashion, and furnishings, high-quality perishables like fresh organic produce and seafood, general merchandise, and natural food and organic sections.
Research methods 3 Table of Contents Q1: How has your problem or question been studied in the past? 3 Q2: What methodology would be most useful in addressing your research problem or question? 3 Q3: Defend your choice of methodology. Discuss whether you would use a research design and approach similar to those you reviewed, or approach your problem differently and why?
As this investment would be required in some future time, therefore the future value of the investment will be calculated. Future value shows the future worth of the money invested today after some specific period of time (Ross, Westerfield, and Jordan, 2009).
The author states that financial institutions are very essential in accelerating developments. For developments to be achieved, people have to invest and for people to invest they must save. People therefore can only safe if there are places to save and can invest if there are financial institutions to lend them money to invest.
That is done by selling the company products at a profit and that is the core business. That means that such businesses have to keep their costs as low as possible and that will help them in the increment of their profits. Such companies are usually driven by profits.
Tesco launched its e-commerce business in the year 2000. In the year company added a new clothing brand in its UK stores. The revenues surged up to 6% which is the highest increase in the last five years which was due to the acquisition of Homeplus in South Korea.
Accounting and Finance Table of Contents 1)Introduction 3 2)Divisions of Healthy Start 3 2.a) Health System Division 3 2.b) Educational System Division 3 2.c) Economic System Division 4 2.d) Community System Division 4 3)Products and Services of Healthy Start 4 4) Critical Analysis 4 4.a) Setting the Strategy 4 4.b) Diversification Strategy 5 4.c) Reasons for Pursuing Diversification 5 4.d) Value Chain 5 4.e) Bases of Competitive Strategy 6 4.g) Weapons for Competing 6 4.h) Porters Five Forces Analysis 6 4.i) New Bonus Scheme 7 4.j) Estimation of Net Profit 7 4.k) Calculation of net profit 8 4.l) Calculation of Return on Investment 8 4.m) Result 9 5)Summary 9 References 10 1) Introduction Hea
In the literature, financial analysis has been characterized as ‘an information processing system used to provide relevant information for decision making’ (Belkaoui 1998, p.1). Particular reference is also made to financial statements ‘as the key source of information used in the financial analysis process’ (Belkaoui 1998, p.1).
From the calculations, it will be possible to assess whether the company can finance its operations entirely from equity or it will be necessary to access some capital from borrowing that will have to be repaid. The financial manager of Matero PLC will have to consider Capital budgeting as a vital parameter in making this decision.
Some costs which are included in the capital expenditure are the following: delivery of the fixed asset, improvement of fixed asset, legal costs of purchasing property and installation of fixed assets (Porter, 2011). Capex is shown in the balance sheet. It is very important to categorize this expenditure without any mistake in the accounting system because miscalculations will lead to the asset and liability mismatch (Albrecht, 2011).
ABC Company Latisha Barker Carolyn Woods ACC 206: Principles of Accounting II Table of Contents Table of Contents 2 Introduction 3 I.Overall Risk Profile 3 II.Current Cash Flow of the company 4 III.Cost of the Product 6 IV.Potential Investments 7 V.Conclusion 8 References 9 Introduction Risk profile is the representation of a company’s overall exposure to some specific risks or group of risks at a given point of time.
The financial institutions’ credibility also faced serious shocks. Additionally, financial institutions identified certain factors contributing to failure but failed to prioritize that which factors require regulatory changes (Davis, 2011). The banks after the financial crisis have constantly undergone reformation in their regulatory practices.
Facts of the Case Study The Runway Discount is a private firm sale of high-end fashion items. The company wants to increase their online as well as the customer base. In this regard, the company started ‘Refer a Friend’ program in which the existing customer would get an amount of twenty five dollars ($ 25) if the existing customer would refer a new customer to purchase items from the website of the Runway Discount Company.
The following theories inform this literature on organisation’s voluntary disclosure and the value of information to an organisation. With these theories in mind the Starbucks tax evasion crisis of 2012 will be analyzed. The Systems Oriented theory provides a very useful insight into human behaviour and the perceived role of firms in the society in which they operate.
There are those that argue that long-term relationships (auditor tenure) build more knowledge about the firm and its accounting procedures which, in turn, translates into more effective auditing practice and skills. Other stakeholders in the business world believe that audit quality is reduced when rotating auditors due to the lack of familiarity about business processes and accounting, thus impacting the ability of auditors to do a thorough job in assessing best practice within the organisation.
This experience helped me become an independent person. I studied in University of Shandong for two years before I came to England. During those two years my average scores were about 75. I attended the University of Keele (level 2). I’m doing a dual bachelor’s degree in accounting and management.
It describes different strategies Lloyds takes in order to accomplish the organisational objectives. The balanced scorecard provides a reasonable view of organisational performance. In Lloyds, BSC has assisted to disclose the major performance activities.
ool” from the Bengali iskul (wikipedia.org) Yiddish - English “bagel” from the Yiddish beygl (wikipedia.org) Dutch - English “mannequin” from the Dutch manneken (wikipedia.org) Arabic - English “candy” from the Arabic qandi (wikipedia.org) Chinese - English “chi” from the Mandarin Chinese qi (wikipedia.org) Japanese - English “go” from the Japanese igo (wikipedia.org) Russian - English “mir” from the Russian mir (wikipedia.org) 1 Part 2: Pussycat Dolls’ “Stickwitu” (yahoo.com) 1.
Management accounting is considered to be useful when it properly displays an external image and a futuristic picture for an organisation. Strategic Management Accounting on the other hand can be distinguished from other management accounting activities through its extensive external orientation; this extensive external orientation includes focus towards customers, competitors, suppliers and all other stakeholders that get affected by the organisation’s normal course of business.
JC Penney and Target Corporation, the two companies which shall be assessed, are both retail companies that sell general merchandise for the individual and household consumers. The first Target store was opened in 1962 although its predecessor department store dates back to the early 1900s (Target, 2011).