Finance & Accounting Essays

The determination of the suitable credit product to be offered to Mr. Mark Angelo and his company Mark Equipment Pty Ltd. necessitates the credit assessment of Mr. Mark Angelo and his company. The collected financial information have to be analyzed in order to examine the ability of the client, Mr.

The research analyses the impact and influence of corporate governance on the social, political and economic environment of the United Kingdom; investigates the reasons of financial risks and role of corporate governance in curtailing it; evaluates the contribution of corporate governance in offering transparency and systematic approach to deal with the social and business environment.

The current paper aims to evaluate and present corporate tax system, double taxation of corporate profits, progressive system of taxation and provisions on tax expenditures. The paper will make recommendations in an effort to continually develop and improve the tax system of the United States of America.

A study reflects a sound business performance of the company with satisfactory revenue through its sales and this status has been maintained inspite of several challenges and difficulties that the company had to face in the light of changing economic conditions in the business world. The company focuses on maintaining its position in the industry and develops its business with increasing the revenue more than before.

Stock Analysis Table of Contents 1. Introduction 3 1.1 Financial Health of the Company 3 1.2 Investment (Investors’) Objective of the Company 4 2. Company Financial Background 4 3. Financial Ratio Analysis 6 3.1 Profitability Ratio 6 3.2 Liquidity Ratio 8 3.3 Gearing Ratio 9 3.4 Investment Ratio 11 4.

This research helps to better determine the role oil prices play in the Saudi Arabian stock market. The results of this research could be significant for investors and enterprises in determining their hedge on their oil investments and could serve as a basis for further research and verifying its validity in other major oil producing countries, and in determining the direction their stock portfolio is expected to go in depending on oil prices.

The researcher uses nine ratios for the ratio analysis: profit margin, earnings per share (EPS), return on assets (ROA), return on equity (ROE), current ratio, debt ratio, working capital, price / earnings ratio, and market capitalization. The author of the essay compares all the selected financial ratios for McDonald’s corporation in 2009 and 2010.

On the basis of Mark Angelo’s steady financial state, the bank could offer him a credit card, an overdraft facility, a home loan or a personal loan as per his personal or business requirement. The bank could also offer Mark Angelo mortgage bonds in the form of home loans, wherein the credit offered by the bank would be protected by a mortgage on the house.

For example, with Barclays PLC in 2009, 40% of the banks income came from traditional interest bearing loans while 30% came from financial services and 30% came from direct investment gains. (Shipman, 2011, p. 9) Financial sales staff within a large investment bank such as Barclays could potentially enjoy a significant competitive advantage in the marketplace by knowing the advance order patterns of their customer base and using this insider knowledge for “front-running” market trades in stocks, bonds, or commodities.

Task 2 Purpose, Nature, and Benefits of the Planning and Budgeting Process According to Williamson (1996), the budgeting and planning process refers to the application of budgetary control techniques to forecast receipts and expenses of cash in future fiscal periods.

Quality of corporate governance within an organization (Shell Company) and the impact on organization’s key stakeholder Name Institution Abstract Shell Company operates globally across the world and is one of most successful company in energy and petrochemical products.

The author explains that to try to prevent other corporate scandals, President George W. Bush signed into law the Sarbanes-Oxley Act, named for its sponsors, which would establish measures for corporate oversight and promise stiff punishments for those that even attempted, knowingly or unknowingly, to engage in corporate fraud.

The discussion covers quite a number of topics including credit for foreign income taxes, limitation on credit, maximum allowable foreign tax credit, carry-back and carryover of the foreign tax credit, claiming the tax credit or deduction each year, foreign taxes not eligible for the foreign tax credit, foreign source income, refunds and adjustments and corporate foreign tax credit situation in the US.

The research paper begins with introducing the county’s hotels and resort bases and the services that are provided to the tourists. The report also details the various challenges that the county faces during its operations in California’s tourism industry. The facts that over the years have brought success to Orange County will also be proficiently dealt along with identification of its core areas of operations.

Accounting Restatements and Institutional Ownership: The Case of the UK Table of Contents Chapter 1: Accounting Restatements 4 1.1Introduction 4 1.2Motivations for Studying the Issue 5 1.3Research Problem 6 1.4Research Methodology 6 1.5Organisation of the Dissertation 7 Chapter 2: Literature Review 8 2.1 UK Stock Exchange (LSE) Market 8 2.2 Corporate Disclosure practices and Institutional Investors 9 2.3 The Governance Role of Institutional Investors 12 Chapter 3: Hypothesis Development 16 Chapter 4: Research Methodology 19 4.1 Sample Selection and Data Sources 19 20 4.2 Descriptive Analysis 20 4.3 Research Methodology 22 Chapter 5: Results 26 5.1 Empirical Results 26 5.2 Conclusion of Empiri

Capital investments require a lot of cash out flows which are done in order to get higher benefits in future. As the capital is invested with the view of getting higher returns in future, therefore the capital should the decisions regarding the investments should be taken with utmost care by analyzing the capital investments by capital budgeting techniques.

Of the four segments, the largest is that of banking, employing more than 400,000 employees, and contributing half of the industry’s output in GDP. The insurance industry accounts for 2% of GDP; it is the largest in Europe, and the world’s third largest.

The literature (Arnold, 2007, Brealey et al, 2006) on finance and accounting would seem to indicate that the NPV methodology is one of the most comprehensive and reliable tools to use in a project appraisal. The advantages of NVP are that firstly the tool recognises the time value of money by using a discount rate (12% in this case), often WACC is used as the discount rate (Tennentt, 2008).

In the introduction part of this research and analysis project, the topic chosen, the reasons for the topic chosen and the aims and objectives of the research and analysis report are presented.

The goal of this report is to assess the performance of Dominos Pizza Inc. from 2008-2010. All values in the report are taken from financial statements published by the company annually. These statements are studied thoroughly and interpreted in light of company’s background and current performances.

This report will give a strategic analysis of the company Apple in relation to the case study provided. Unless otherwise stated the information about Apple has been taken from the relevant case study. Also report makes some recommendations to better identify the needs of specific customer groups.

This research is being carried out to discuss the bankruptcy of Barings Bank as a result of rogue trading by its employee Nick Leeson; to analyze the causes and implications of rogue trading in the light of Barings bank; to offers a set of plausible recommendations against rogue trading.

The aim of this paper is to examine in more detail why the Leeson affair occurred. Another aim is ascertain the best way that firms can prevent another catastrophe like the Leeson affair from happening, by examining specific, concrete steps that firms may take to prevent such a thing from occurring to them.

This research aims to conduct a comparative study of CSR performance of some companies in the banking and pharmaceutical sectors of Australia; to examine the relationship of the CSR performance vis-à-vis the financial performance of the companies; to determine the continued relevance of CSR in the 21st century

CONTENTS Executive summary 3 Introduction 3 Analysis 4 American Express’s liquidity 4 American Express’s leverage capacity 5 American Express’s profitability 6 American Express’s efficiency 8 Du Point Analysis 9 Company’s beta 9 Conclusion and recommendation 12

This academic proposal is being carried out to discover and establish whether the UK stock market is really efficient and to identify the trends in the UK stock market. From having a glimpse at the capital market from all over the world, UK capital market is one of diversified exchange marketplace that have come under consideration from the evaluation in the research.

A balanced scorecard from the published financial statements of John Lewis Introduction John Lewis Partnership, being one of the main retailers in UK, was created by John Spedan Lewis as a company focused on the happiness and satisfaction of the staff (John Lewis plc, 2011).

The author states that environmental audit can be defined as “An environmental audit is concerned with checking conformity with legislative requirements and environmental standards, as well as with company policy. The audit may also cover potential improvements in environmental performance and systems”.  

Among the issues that one needs to consider when writing a business plan are the location of the business venture, the sources of raw materials, the costs of the raw materials along with the labor and the accessibility of the business and its products by the customers (Landstorm, 2008).

People have come up with several reasons why the financial crisis occurs and why the impact of financial crisis was so strong. Not only the financial institutions in the country but the overall world economy had to face consequences of the financial crisis.

The intention of this study is cosmetic accounting that can be represented by the income smoothing technique. This consists in deliberate using of accounting policies to report the series of income as low from one period to another for the purpose of showing low wealth to shareholders. This way, the management can reduce the net income’s fluctuations from one period to another.

The aim of this research to verify and to examine the investment atmosphere and different kinds of investments; to recognize and to elucidate the logic of investment procedure and the contents of its’ each phase; to distinguish concepts of theory of portfolio and apply its’ principle in the procedure of investment portfolio configuration; to determine the optimal investment performance appraisal systems.

The author explains that a promoter refers to a person who assists by procuring capital or otherwise, in promoting commercial or financial enterprises. A promoter main duty is to offer sufficient funding or capital for the company and to ensure that all the formalities required by the statute of incorporation are met.

The promoter is assumed to have executed without utmost good faith. This means that disclosure of their activities is the most important issue and they must work within the objectives of the promoters and must use their skills knowledge for the best of the firm. A promoter is any person involved in the planning to incorporate.

Business organisations of present era are dealing with highly competitive environment. For the better implementation of business policies, vision and to attain the desired mission, management of every organisation comes up with sets of plan termed as strategies which further promises sustainable growth of the business.

This paper critically examines the general approach to measuring capital adequacy levels of banks as per the new standards implemented by the Basel III. The paper subsequently discusses the drawbacks of the Basel II standards that were exposed during the 2008 worldwide financial catastrophe and which consequently led to the development of the Basel III standards.

The research studies interest rates, inflation, 10-Year treasury yields, currency exchange rate movements, exports-imports and various economic indicators of US and South Africa such as unemployment and education. The foreign exchange risk has been analyzed if the new business revenue is going to be exposed to various types of exchange rate risks.

An Owner Controlled Insurance Program (OCIP) is a scheme through which an owner of a project tries to provide diverse types of insurances to contractors as well as subcontractors in United States. It is a recognized insurance acquiring/purchasing option that provides risk coverage to insurance owners.

For South Africa to expand its businesses to other nations it has learned of the environment of the global markets. There are also factors that will affect international business, they are, cultural, political and economic factors. Political events in are of great concern because they influence the cost of doing business, the social and economic stability of countries, the accessibility to the human and non human resources (Fung, et al, 32).

The author states that Eugene Fama in 1970 developed the concept of market efficiency on the basis of EMH (efficient market hypothesis). He suggested that at any given time the prices of stocks are purely dependent on the information present in the stock market regarding stock or the overall market.

The following study discusses the various methods by which leases are presently differentiated and accounted for in accordance with SSAP 21, the reason and content of ASB statement of codes, the criticism of the approach adopted by the present accounting standard and at last the amendments to the current accounting standard which have been proposed in light of this criticism.

“Modern corporations are created by persons, but they are created in the image of their creators” (Donaldson, 1982, p. 3). Despite the fact that they are created by fiction of law, it is corporations that have shaped the way we live and continue to govern our society, economy, and environment.

Contents Financial accounting 1 Contents 2 Introduction 4 Objectives of the Project 4 Scope of the Project 5 Part A 5 Background of Sainsbury & Tesco 5 Comparative Price Movements 6 Comparative Ratio Analysis 7 Profitability Analysis 8 Management Efficiency Analysis 9

The author states that ordinary residence indicates a higher degree of permanence when compared to the residence. An individual is considered to be ordinarily resident if residence in the UK is of a habitual nature. Therefore, if that person goes abroad for a period constituting a full tax year the individual is regarded as remaining a resident.

Law requires that all public companies present financial statement at the end of every financial period. Financial statements presented by corporations are as results of proper book keeping and independent auditing.

Starting a new venture or moving to another country is not an easy task because the investor or the company not only has to face usual risk that a business faces but it has to deal with the exchange rate risk or translation risk (Gitman, 2003).

Foreign exchange is one of the major challenges that multinational enterprises have to reckon with. Failure to come up with better ways of managing foreign exchange risk might significant lead to foreign exchange losses that will adversely reduce the profitability of the company and affect the company’s financial performance.

The author states that the leverage ratio for the minimum risk-based capital requirement was initially 2% and the increased to 4.5% meant to help the situation. However, in measuring total risk-based capital, the committee has retained the framework that was adopted initially in determining risk-based capital.

According to the paper marketing strategies are integral to maintaining a competitive edge as a product or particular brand must “measure up to a threshold of acceptable quality and be consistent with buyer behaviour, preferences and expectations”. The marketing strategy determines the strategic objectives of the business and also centres it as a market-oriented system designed to fulfil consumer needs.

Boeing is a considered the world’s biggest aerospace company and top manufacturer of commercial jetliners, defense, space and security systems (Boeing in Brief, 2011). The company has 63,000 employees around the world and worth $32 billion (Boeing Defense, Space, & Security, 2011).