Empirical study shows the relationship between the introduction of these strategic foreign investments and the resultant influence on domestic Chinese commercial banks. To estimate profit turnover of these domestic banks Berger and Mester (2005) proposed the Stochastic Frontier Analysis (SFA) .This is an empirical method that takes into account varying parameters that influence efficiency.
The major ethical and legal issue regarding Worldcom's accounting manipulations stem from the fact that the company decided to treat $3.8 billion in everyday expenses from its operating accounts relating to a Sprint merger as capital investments.
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On the contrary, there are some countries in which international accounting standards are considered as an appropriate means for carrying out financial reporting. This difference in their financial reporting is based on varying prejudices and preconceived concerns, the basis of which has often been questioned by experts and proponents of adopting national and international accounting standards.
A ratio analysis has been conducted using various analytical tools, which are described in the paper. The paper contains a summary of quantitative analysis that include the balance sheet analysis, the analysis of the income statement, the cash flow analysis, the analysis of the operating efficiency, the analysis of ROE, credit and liquidity analysis and the growth expectation.
Judging from a short span of time for such a significant asset class to double its value (dubious at best), economists were almost in uniform agreement that an asset bubble had existed during that period and had burst in late 2007. With the benefit of hindsight, experts, pundits and kibitzers alike wonder if the American Federal Reserve Bank could have acted differently and avoided all the heartache of a severe recession.
Females are socialized to be soft spoken, timid and shy. They are told not to use foul language or be too loud and outspoken. Males on the other hand are socialized to be loud, aggressive, and confident in their speech. They tend to use foul language at ease amongst male peers and use their speech and body language to express their power and status quo assigned to them socially.
As an effect of globalization and internationalisation, the competition in the world market has intensified significantly. With such competition, the business organisations are aiming to strengthen their internal capability. In the process of enhancing their competitive advantage over other companies; by developing capabilities, competencies and core competencies, human resource is the most crucial and required factor that must be managed properly (Gary, p.52-53).
While selecting a house which an individual wants to buy he/she takes into consideration the apartment or the house first and then the individual also takes a look at the residential area in which he plans to dwell.
Such regulations can be government formulated, private companies or by social, professional and trade unions. Regulatory bodies have been in existence for several years; regulations can be academic regulations, financial regulation, building and construction regulation, environmental regulation as well as health regulation.
The paper further provides a summary of firm and industry strengths and weaknesses in relation to the future opportunities and threats. UK Food Retail Industry SWOT Analysis: Strengths: UK retail sector is the largest service industry of United Kingdom with employing over three million people in the sector.
The issues come in different forms and impact the organization’s operation. However the common issues that a company has to deal with are financial constraints and intense competition within the industry (Sundararajan, 2005). In this context of the study, the company, Manac Plc is presently facing with issues pertaining to the target profits.
A concise definition was provided by Gapenski (2008), who stated that the budget is the detailed plan, expressed in dollar terms that specify how resources will be used within a period of time. When a health organization's budget pertains to the plan that includes activities, expenses, costs, resources and revenues within a specific period of time, it is called the operational budget.
For the two restaurant types, the “Casual dining” restaurant would be ranked higher than the “Fine dining” restaurant. From the initial information, the “Casual dining” restaurant offers better expected annual revenues and lower expected annual costs excluding the chefs salary than the “Fine dining” restaurant.
If we analyse the past banking history, there were many bank failures and bank runs in many countries in the past. For example, Bank of England in 1946 was established immediately after many bank failures in UK. Between 1930s and 1940s, there were more than 100 bank failures in U.S.A’s financial and banking sector.
In a wider perspective, dividend policy entails decisions that include whether to distribute cash to the company’s investors through share repurchases or particularly designated dividends other that frequent dividends, and whether to depend on stock other than cash distributions (Allen & Michaely 2002).
By looking at quality from a customer’s point of view, the organization in question should be able to consider the following main projections of quality: performance, which refers to a product’s primary characteristics; features which refer to the secondary characteristics of a particular product; reliability which is a consideration of the frequency of a product to fail; conformance where the product matches with its required or intended function; durability which is an aspect that considers the life of a particular product and serviceability which is an understanding of the speed and competence of a particular service or product.
There are several ways of yielding profits for a profit generating entity but the methods are limited for a nonprofit organization. Nonprofit organizations have adopted several financial and accounting techniques to determine the present financial performance of the organization.
Data relating to several variables – inflation, GDP per capita, bond yields, credit rating, CDS spread and Debt/GDP ratio were collected. However, while two variables - CDS spread and Debt/GDP ratio was found to have a significant influence on sovereign default risk in the Euro zone, only one variable – CDS spread had a significant influence for Cyprus.
In an enabling environment however, compliance to any system is not mandatory and firms may either to choose to comply or not. No legal notice bind firms in an enabling environment to comply with certain regulations. The United States applies mandatory corporate governance as its mode of regulation, especially with the enactment of the Sarbanes-Oxley act.
For both companies to compete with AT&T and Verizon will be paramount if they bring their resources together correctly. Together they will be able to reduce their cost to better compete with AT&T and Verizon. 23 23 References 24 FCC. (2005). The Power that Made Radio Realistic.
es, and derivatives where an investor invests his or her money to mitigate the risk of holding a particular asset through diversification. Diversification of investment spreads the risk over many assets. The concept of simple portfolio diversification is that some securities may not perform as anticipated but other assets might exceed in performance making the actual return of the portfolio reasonably close to anticipated return.
The company incorporates many divisions which include officials holding key positions. However, this study focuses only on the Human Resource division. The company’s performance has been analysed through balanced scorecard analysis and thorough emphasis has been put on the financial perspective, customer perspective, internal business operations perspective as well as learning and growth perspective.
The accounting standards boards of all the countries of the world have always involved themselves into various kinds of politics, both at the national as well as the international level and this had its effect on the course of the formulation of the standards.
She has set a section of her home, one-half of one of her rooms, which therefore is exclusively for her to work. The taxpayer has installed a swimming pool in her rural home in Indiana. Following a recent car accident, the doctor recommended that she use the pool to aid n the process of healing by strengthening her muscles.
Fraud is a term that is generally used to refer to acts of deceit with regard to economic crimes involving money transactions. Fraud is perpetrated by individuals who plot schemes that resemble genuine transactions, but end up being fake or fraudulent transactions with those targeted by fraudsters ending up being the victims of an elaborate con-game.
When the government spends more money compared to the amount it receives through tax, it requires borrowing to cover the gap. The amount that the government borrows with the subtraction of repaying amount is called debt. OECD has predicted that government debt will increase seriously by unmaintainable levels
The introduction and use of the Automatic Identification Systems (AIS) in ships that are required to follow the standards of SOLAS, also known as the Safety of Life at Sea convention by the International Maritime Organisation (IMO), has become fully accomplished (IMO 2001).
The work involves building a relationship model among the business processes of vital business activities and needed resources to scrutinize how much of an impact resource damage has on business. This model may be utilized as a replication model to deal with sudden alterations in management environment and quickly allocate resources.
6 4. Financing – How Is The Acquisition To Be Financed? 7 5. Defence Tactics – Were the Tactics Employed Sensible Ones? Were the Managers of the Target Company Genuinely Resisting or Simply Seeking to Squeeze Out a Higher Offer? 8 6. Implementation – Will the Acquired Company be Difficult to Integrate?
Cash Flow Statement constitutes a fundamental part of the financial statements of any organization. The cash flow analysis is primarily based on the cash flows from operational, financing and investment activities. The executives of the companies of are generally curious about identifying ventures which are generating adequate return ratio.
EAR is an investment’s annual rate of interest which accounts for the effect of compounding. The interest that an investor receives or would have to pay is higher than APR stated on the note. In the case of AirJet, the company should take loan from National First as the EAR is lower than Regions best with 10.25%.
Due to its nature of being an imperishable and tough metallic component, gold was mostly used as a means of trading. To understand the importance of investing in gold and silver in today’s market, a historical background is important. It was paper money which replaced gold and silver as a currency.
It can be impacted by the cost of issuing debt and equity, effect on the debt-equity ratios, shareholder and creditor mindsets and even a possibility of bankruptcy. In this case assignment we will look at the debt equity ratios and financial performance for three companies- eBay, the Clorox Company and Darden Restaurants while making a recommendation for the ideal capital structure for each company.
Rather than provide a country-specific analysis, it will look at trends and patterns in global financial governance systems and the underlying structural deficiencies in the IMF-driven neoliberal framework. A recent headline of the British newspaper The Guardian regarding the recent Greek crisis brings up a question that has long been asked by several movements and institutions worldwide: “What makes the IMF think it’s right (…)” about the economy?
This article critique paper particularly focuses on two articles, which have addressed two different but pertinent issues in accounting. The first article“Towards a positive theory of the determination of accounting standards” by Watts and Zimmerman primarily addresses the factors influencing large firms’ management on accounting standards and culture.
According to the “Fortune” magazine, Apple Inc. was considered the most admired company in 2008 in the United States (Goldman, 2012). At present, Apple is the largest publicly traded company by market capitalization in the world. Apple Inc. is the largest technological company in the world in terms of profit and revenue, bigger than Microsoft and Google combined (Hughes, 2012).
The International Accounting Standardization Committee (ISAC) defined the prudence concept as an accounting concept that requires a high level of caution when estimating risk and uncertainty (Erickson, 2010). There are a number of principles that govern this concept.
Indy Mac bank provided loans to the customers without much documentation or verification of their income strengths. Indy Mac was and its profitability was rising considerably due to increasing disbursing of loans. The property prices were high, so if the customers failed to pay the loan back, the possession of the house or property was sold.
The main research question chosen was “What is the impact of IT on auditing?” The impact of IT in terms of cost, time, accuracy and effectiveness on the auditing procedures have been analysed. This research has extensively analysed the computer aided auditing tools, the rules of auditing in UK and Kurdistan, impact of these tools in different levels of auditing, the compatibility of the auditors with these new technologies and the usage of these tools in United Kingdom and Kurdistan.
Tesco has showed a magnificent performance throughout the years, it ranks second after Wal-Mart for profits. This company has maintained its performance through the times of recession and has made a profit record in 2010 amongst the best British retailers.
Research report on normative approach and positive approach Contents Introduction 3 Normative theory 4 Example 6 Advantages 6 Disadvantages 6 Positive Approach 7 Example 9 Conclusion 10 References 12 Introduction Since 15th century accounting is having its existence in the business world.
16 pages (4000 words)
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, Research Proposal
The first section of the study is aimed to recognize the differences between IAS 39 and IFRS 9, implications of changes, current issues and regulation and future development for IFRS 9. This section demonstrates the relevance of the study identifies specific research questions and describes aims and objectives for this investigation.
S., 2003, pp. 98).. There are number of author’s in the world, which regarded organizations as a place in which there are hundreds of employees are working for a single and unified action, which is to increase the financial benefits in total. Apart from this particular definition, there are some other definitions as well, which analyze that organization is a place which surrounds with different departments of the company and every department has its own recognition and importance (RYAN, Bob, 2004, pp.
Financial Analysis: Apple Inc. (2012) Introduction The fiscal situation of companies is expounded through the use of financial instruments such as balance sheets and income statements. Various forms of financial instruments are utilised in order to configure how shifts in the company’s assets and liabilities would affect the company’s accounts (Helfert 40).
Corporate Finance: Traditional Capital Budgeting
Capital Budgeting is the process of planning of long term corporate project related to the investment decision of the organization. The main objective of Capital Budgeting is to allocate firm’s limited resources between competing opportunities (Harrison & John 2010).
Plus my own savings from the money my parents give to me as upkeep and pocket money in school, I can manage to save around $3,000 monthly. It is from this that I thought like a good finance student, that I need to put down my medium-term (1-5years) and long-term (5-10years) financial goals.
0.33333. However, this is only true for up to 54 hours only. In addition, this shows that for every machine hour less than 120 hours, the profit will fall for ?0.33333. The values represented as right-hand-side are the representative resources at the company’s disposal.
A finance manager should be indifferent to projects with a zero NPV and use other methods to help in the decision making concerning that project. (Horngren, Foster, and Datar, 2001) The NPV for the project that Peng intends to venture into can be calculated as follows.
Department of Treasury and TARP funds received by the bank. It shall also discuss the balance sheet and the income statement for 2009 and 2010. The performance of the traded stocks of the bank shall also be presented in this financial report.
5 pages (1250 words)
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, Research Paper
The approach also helps in improving the existing strategies and operational framework in running of an organization (Nenita, n.d). Activity based management is an approach that uses the available information in a given organization to make more effective and efficient decisions.