Finance & Accounting Essays

Mark and Todd are the owners of the company. They both have been successfully running the company and were successful in generating wealth for its shareholders. It recorded a net profit of $1,845,242 in the year 2011. Out of this the company distributed $560,000 as dividends for its shareholders.

To make the achievability of the report’s aim feasible, a lot of methods of analysis were used. The methods of analysis can be grouped as being qualitative and quantitative. Financial ratio trends and industry comparatives, capital spending, stock growth, credit rating service valuations, bond rating valuations among others were all catered for.

On the other hand, small community banks are called so because they do most of their business in local communities where they are operating. Hein et al (2003) assert that they depend more on ‘relationship banking’ at the local levels. They constitute almost 94 percent of all banks in the nation.

To align executive and shareholder interests. 2. To make the economic structure the most valuable one for the uses of assets by transferring the assets to the operator who can use them more efficiently. 3. To increase the economic scale of management through the identical management function, which leads by merger and acquisition (Srivastava and Mushtaq, 2011).

In such a transaction wherein actual cash was received and SEM chose to recognize the cash inflow as capital, the tax law provides that this be considered as ordinary income. Division 6 – Assessable Income and Exempt Income, Section 6.5, states that Australian residents’ ordinary income are assessed whether derived from within Australia

It is a method through which an organization creates specific routes for attaining organizational success. It even assists in controlling an organization and it helps the management in identifying flow of finances within an organization and it even helps in determining the issues and challenges faced by different departments within the organization and helps in finding a solution to the problems faced.

Various parties, who are either for the introduction of regulation or, for the government to free the market, have sprung up to give an assortment of reasons why their stance is better suited for the Australian situation. When no regulations exist, it translates to mean that the government has given reign of the market to the business community.

The financial statements are prepared in accordance with the accounting standards and relevant accounting policies have been applied consistently. According to the Auditors the Group’s financial statements have been properly prepared in accordance with IFRSs as adopted by the European Union and with the requirements of the Companies Act 2006 and Article 4 of the IAS Regulation.

The German people were apprehensive at the beginning of losing the stable DM and acquiring a currency that had high inflation rates. This skepticism has gradually disappeared, and the currency has come to be viewed as stable. The financial crisis of 2008, however, led to a questioning of the stability of the Euro as a stable monetary system.

An audit report refers to the formal opinion or disclaimer, issued either by an independent external auditor or an internal auditor as a result of an external or internal evaluation or audit performed, on legal entities or subdivisions thereof. Subsequent presentation of the audit report to the user acts as an assurance service for the user to make decisions based on the audit results.

The concept of revenue from sales implies the amount of goods or services sold in a specific period.  Thus, revenue is a financial value that emerges from a company’s operation (Investopedia).  Radio Shack is a consumer electronic retailer.  In this case under revenue, we consider the amount of money it received during the fiscal 2010 year including discounts and deductions for returned merchandizes.

(Amazon, 2013). On the contrary, Ebay operate in the online industry and it was established in 1995 with its headquarters are in the United Stated at California. The company operates globally and offers numerous online products and services such computers, vehicles, equipments including some miscellaneous items (Ebay Inc, 2013).

The majority of economists have come up with Central Bank Independence from the various legal benchmarks. The research finds out that the advanced countries having higher-level central bank independence also experience lower inflation from 1955 to 1988. The Central Bank Independence recorded an increase in the USA.

It is providing, retail, commercial and investment banking services to its customers. Barclays have an extensive network of branches and ATM machines so that they can cover a large area of customer market. Barclays also offer some personal banking services.

Mandatory auditor rotation is the act of compelling all financial organizations to adopt and engage a different auditor each financial year to avoid the preference of a single auditor. Often, the management prefers to hire the same auditors every year to ensure that they are able to manipulate them to provide audit results that conform to the will of the management (Chung 2004, p. 8).

Julian, Chief Executive Officer, has changed some of the previous accounting policies of the company and made some adjustments in order to boost up the earnings so that his share of profits can be increased. Upon careful observation of each accounting issue, the most likely correct treatment of every issue is discussed in the following paragraphs.

The author states that Islamic modes of finance can’t be marketed beyond the initial parties of the contract and are also non-callable – both these features protect the financial system from collapsing. Conventional bank lending is a pyramid-shaped chain where one party can further the loan attained from the bank.

(Belloni et al, 2005)This theory briefly states the following 1. Energy comes in tiny but distinct units and is never continuous. 2. The particles forming the energy unit acts as particles and waves. 3. The motions of these particles are haphazard. 4. The position and momentum of a particle cannot be measured at the same time.

The center is a complex web of various communications, which makes the functional perspective appealing for many care givers and service users. Without the structure of a schedule of activities, a newsletter, and an activity leader directing a member as to what may be next on the agenda; some clients may sit and do absolutely nothing.

The implementation of Basel I and Basel II norms certainly helped in regulating the financial situation in several parts of the world (Balthazar, 2006). Basel, I and Basel II norms were initiated with the objective of establishing efficient financial practices in banking and other financial organizations (Pritchard, 2004).

The world trade organization is experiencing an economic crisis that greatly affects and made some economy suffers from their negative impact today. Many economies are making some loans and borrowing some funds from several banks and other financial institutions to remedy their situations yet they also find it hard to repay. Basically, even ordinary people when thinking of payment people tend to worry so much.

Some of the disclosures in the annual report are mandatory and some of them are voluntarily disclosed. There are many users of the financial and accounting information who uses this information. The main users of the annual report and other voluntary disclosed information are shareholders, creditors, other investors, banks, investment analyst, government etc.

rs of the business entity about its financial information. The financial reports prepared in accordance with the accounting procedures followed can be used both internally within the business entity as well as externally. The former is known as management accounting and the later as financial accounting or reporting.

Relevance is a characteristic that is a part of every framework and it has an influence on various economic decisions taken by its users while evaluating any event or confirming any prior expectations. Timeliness is also an important aspect of relevance because relevant information should be available on time when taking any decision.

Amazon has eluded charging sales tax from its clients. This has enabled it to offer products at cheaper prices than its international rival institutions and local stores. However, with the introduction of same day delivery method, the company will have to set up warehouses in many states and thus will have to collect sales tax from clients.

This study is focused on the role played by investment bankers in the IPO process of a company and how it functions during the issue of shares made by the companies to the public. Next, the various factors related to the selection of asset classes while constructing an investment portfolio has been discussed in this study.

Hofstede has studied cultural similarities and differences in these dimensions and these have proven useful in determining how cross-cultural relations and communication may be facilitated so it becomes successful. Hong Kong is a country that has established several multinational businesses, mostly franchises from mother companies based abroad.

The accounting methods used for the government funds in the Harris county financial report is the accrual method. This is the main method of accounting used on all funds this is mainly because most of the expenditures and transactions are done over a given period of time and no definite dates can be quoted as would be the case in cash method.

Salsbury is a nationwide chain of supermarkets and it is evaluating whether it should start a new retail store on the outskirts of Dingwall or not and for this purpose, the report discusses the feasibility of the retail store. The management uses one of the most widely used project evaluation techniques, Net Present Value (NPV) to evaluate the feasibility of the project and then NPV of this retail store is compared with the other investment opportunity that Salsbury has.

According to the paper Morocco has taken initiatives to attract more investors by establishing conducive business environment and political stability. In addition to development of effective infrastructure system, the government has embarked on privatization of essential services thus attracting foreign direct investment resulting to reduced level of unemployment. To ensure growth of trade and business in Morocco the government has also formed trade partnership thus creating ready market for finished goods.

However, they also recovered in almost a similar period. Many questions on what could have caused such an occurrence in a financial market that is considered efficient arose. The financial market enables fair exchange of assets. The efficiency of a market is measured by its stability where the demand is equivalent to supply.

A case study on Lehman Brothers showed how the subprime crisis hit US financial system and caused the downfall of the huge investment bank. On the other hand, the case study on Northern Rock showed how the subprime crisis in the US also affected the financial system of the UK. This example suggested the extent of destruction that the subprime crisis caused.

"Electronic commerce is the process of selling and purchasing products goods or services electronically with computerized business transactions which are supported through the Internet, networks, and other digital technologies” (Laudon & Laudon, 1999, p. 25). In simple words, it can be defined as the process of carrying out business tasks using the Internet.

In most countries, laws have been implemented so as to prevent cases of fraud and ensure that in case it happens, victims are compensated accordingly while perpetrators are jailed in addition to refunding whatever they acquired through fraud. However, in spite of all these efforts, fraud still exists all over the world as seen in the case of Polly Peck Fraud.

This report focus on the environmental accounting issues and legal framework for environmental protection provided for in the UAE. The paper will also discuss on the implementation of the disclosure practices in the emerging markets in UAE. The information applied has been collected from secondary sources limited to current practice level.

The increasing number of potential employees that offers potential employers wider scopes for identifying preferred qualities among employees has for example raised selection standards and outstanding qualifications and skills are fundamental to entry and advancement in the graduate job market. Globalization has facilitated employee mobility.

Therefore, financial models are helpful in forecasting. Creating a financial model comes with challenges. There is minimal or historical information such the cost trends or sales that are based the types of financial model. In addition, many assumptions and the calculations have to built into a financial model that is being used1.

HILTON HOTELS AND RESORTS The hospitality industry forms one of the largest industries that provide services to people. The industry has a broad class of fields that constitute hotels and restaurants, sports bars, amusement parks, conference rooms, accommodations and so on.

The essay looks at the problems that the American economy could face as a result of adopting a policy of protection for American companies. The article also deals with the idea of government subsidies in funding research projects and comes up with the finding that government subsidies often harm the poor and the middle classes more than they help them.

Financial Institutions have developed the tools and techniques with the help of technology which clearly offer a distinctive advantage in terms of profitability as well as total returns earned on investment. High Frequency Trading is one such innovation wherein firms use sophisticated technology to rapidly trade securities.

According to the paper the United Kingdom housing market is highly fragmented and involves heavy investment in form of individual household and properties for rental purposes. The housing market is very crucial for the UK economy and consists of high, medium and low income residential, shopping and industrial complex.

This is only carried out when there is sufficient data and information concerning the performance of the company. Managers will therefore use these analyses to project the future costs, sales and financial outcomes of the business organization under consideration.

It holds beverage production license and markets over 500 non-alcoholic and still beverages such as enhanced waters, mineral water, juices, ready to drink coffee and tea and sports and energy drinks. Notably, The Coca-Cola Company markets the top sparkling non-alcoholic drinks, including Fanta, Sprite, Coca Cola and Diet Coke.

Mostly, organisations and for that matter multinational companies are set up with independent and individual vision and mission statements that guide the way and course of operations of the businesses. However, due to the fact that the organisations come to operate in a more globalised and competitive environment, they are forced to be concerned about not only their individual vision and mission in the conduct of their businesses but also to look more in-depth into what happens within other companies and react accordingly.

These plans are aimed at benefiting their retired employees. The International Financial Report Standard (IFRS) has been a significant unit within the management of funds on the pension plan. It helps the companies realize whether the scheme of pension plan brings a loss or a profit for the company.

Introduction Groupon Company is an online marketing firm that was first established in Chicago in the year 2008. It deals with day to day sale of coupons or discounted certificates to other firms as well as individuals. The common name for such kind of transaction is known as deal of the day transactions in which they make known discounts available in some restaurants.

According to the author, the efficient market hypothesis states that financial market is said to be efficient with respect to the information, when the prices set by the market are fully reflective of the impact resulting from such information. The financial markets can be defined with characteristics of being efficient.

The last business strategic theme of the company emphasizes strategic initiatives, which are linked to the differentiation strategic corporate option in use by the company. What the strategic initiatives require from the company is a paradigm shift from most of the traditional ways and means through which business is run on a corporate level. 

Aim and objective of the study are: to identify the cultural values present in China; to identify the accounting practices and values in China; to identify the Hofstede-Gray framework on culture and accounting in China; to evaluate the cultural dimensions of Individualism, Uncertainty evasion, Masculinity and Long-term Orientation for respondents from China.