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‘The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information that assists executives in fulfilling organizational objectives… a formal mechanism of gathering and collecting data for the ends of aiding and coordinating collective decisions in light of the overall goals and objectives of an organization.
The researcher states that creative accounting is an appalling challenge to the profession of accounting. It is a problem which is not centred to certain specific countries but all the nations of the world. The managers of the companies are motivated to the use of creative accounting practices in financial reporting of the company in many ways as discussed earlier.
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This essay addresses the problems of management control and accounting that was persistent at Ivy League University which lead it to introduce new ERP system. The problems have been analyzed from three perspectives i.e. agency theory, contingency theory and institutional theory and has addressed mainly the potential problems of principal-agent and the management accounting system in an organization.
A Credit Default Swap (CDS) is a monetary swap agreement between parties designed to shift the credit exposure of unchanging income products (Choudhry, 2006). The agreement facilitates the lender or creditor to transfer credit from a third party to an insurer who agrees to insure the risk of default payment of credit.
What Companies Can Learn From The Enron Case and The Impact of the Enron Case?
Enron Corporation was a reputed American energy, services and merchandise based organisation establised in the year 1985 by Kenneth Lay. It was situated in Houstan, Texas of the United States (US).
11 pages (2750 words)
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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?
This research will begin with the explanation of leverage buyout. An organization is often taken over by a particular firm involved in investment activities. These firms use a comparatively tiny portion of equity and a comparatively large portion of outside debt financing. This type of activity is known as leverage buyout.
This report also highlights the projects appraisal techniques in detail such that every technique will be discussed and its strengths and weaknesses will be elaborated. One by one every project will be considered for appraisal and its relevant computations will be provided in the appendix.
There has been a growing concern about the survival of companies especially during the recent economic and financial crisis. Many companies have collapsed and others may be at the verge of collapse due to failures in accounting as professionals in this field have neglected the importance of ethics in governing the day to day activities of their companies.
The researcher will try to find out the effect of the oil prices on the stock markets of Gulf Council Countries considering all the factors which affects the stock market like the capital existing in the market, the gross domestic product, the unemployment rate etc. Is there a positive correlation between the two or there is a negative correlation between the two variables that would also be analyzed.
The objectives of this research are as follows:
• To study the relationship between the duality of CEOs and the performance of their companies during both the pre-recession and post-recession period.
• To study the positive or negative impacts of duality of board structure on the performance of the firm.
The article takes a deeper look at the financial crisis or great recession as probably the worst financial catastrophe after the Great Depression in the 1930s. The global financial crises typically led to the subsiding of many financial institutions all around the world, crumpling of stock and financial markets globally and bailouts of financial institutions by governments.
The fiscal compact, which is the name of the accord with the budget discipline rules, also seeks to bring a closer economic and political integration of the Euro Zone. The article further cites the Czech Republic and Britain as the only non-signatories of the treaty claiming that the move is triggering different concerns over a possible rift in the twenty-seven-member European Union (Steinhauser).
This report analyses two aircraft manufacturing firms; Airbus and Boeing. The report is based on a case which mainly revolves around the airline manufacturing industry. The most important players in the airline manufacturing industry are Airbus and Boeing and both are competing against each other.
(2) If we are able to detect the deception through our five senses (B), then we are not deceived about the world around (A-). (3) If we are not able to detect the deception through our five senses (B-), then we are not deceived about the world around us (A-).
The outline of this article is framed in such a manner that the first section describes the theory of investment decisions for the acquisitions. This research highlights the motivation of top management of William Hill Plc behind this acquisition deal. Subsequent section emphasizes the impact of this acquisition on the capital structure of William Hill Plc.
This research is being carried out to evaluate and present a brief interpretation of the financial ratios of Rolls Royce and its major competitors. It is advised to the management of Rolls Royce to take a review of all of its business activities as the current financial position of the company is quite depressing.
Before I introduce or discuss anything, I would like to state the enthymeme/thesis of this paper. This will form the foundation for all my arguments, statements, and insinuations throughout the paper. The enthymeme reads as follows: The American food stamp program should continue and the World Food Program should continue supporting and funding it.
According to the research findings the various roles and functions played by HSBC in the global offering of CTF are mentioned in the subsequent paragraphs. HSBC acts as a joint global coordinator, joint book runner and joint sponsor in the global offering offered by Chow Tai Fook Jewellery Group Limited.
This particular report will attempt to critically analyze the 12 policy choices out of those 16 in the context of UK and Germany. As both the countries have the largest capital markets in the euro zone, therefore a comparison of these two countries will help in understanding as how the countries adopt different IFRS policy choices that are available to them.
The article highlighted and discussed issues including use of net incremental cash flows, impact of tax rate changes, credit rating downgrade and the appropriateness of the discount rate. Appendices are also attached which represent the computation of Net Present Value, Weighted Average Cost of Capital and Internal Rate of Return for the project Bisham.
The author states that WorldCom was faced with corporate fraud where its financial executives undertook to hide certain expenses during the period of 2000 to 2002. The financial executives sought to misrepresent and delay reporting particular expenses to give investors a false growth picture of the company’s stock prices.
According to the research findings in the midst of the growing global economic crisis, Islamic banking and finance have proved to withstand the crisis because it is here with a good cause that is to solve the credit crisis. The Islamic finance value is estimated to enjoy phenomenal growth, with a global estimated value of approximately 1 trillion.
This work highlighted that debt is not the prime reason for poverty and debt cancellation cannot cause poverty reduction unless there is economic reforms and efforts from the governments to utilize these as a resource to improve health and education spending. Developing countries are facing poverty issues due to factors such as poor managing of resources, corruption etc. in order to reduce poverty.
Explain the theoretical rationale for the NPV approach to investment appraisal and compare the strengths and weaknesses of the NPV approach to two other commonly used approaches.
Net Present Value Method
The Net Present Value (NPV) is defined as “the present value of a project’s cash inflows minus the present value of its costs” (Brigham & Ehrhardt, 2010, p.
The study recommends that the management of PepsiCo formulate policies towards improving its efficiency and liquidity ratios. This is because the company is well beaten by McDonalds that is its competitor in the industry. The paper therefore recommends change in presentation of financial reports to include all items that are applicable to analysis of financial statements.
10 pages (2500 words)
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The paper tells that Citigroup has a vibrant investment banking sector, with a perceptible global presence and a good reputation in the industry. Citigroup engages in all aspects of investment banking, and takes the lead in provision of the services in the Latin America and Caribbean regions. Citigroup was able to bounce back and attain profitability through other facets of the investment banking business.
7 pages (1750 words)
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The study covered the financial ratios that firms, shareholders, investors, suppliers, distributors, competitors and other stakeholders including government agencies use to analyse the performance of the firm. Different types of financial ratios have been discussed in this chapter and all these financial ratios will be calculated for the three firms under study; Tesco, ASDA and Sommerfield in the study.
The analysis has shown that organizations can take help from different models to get their portfolios presented to shareholders, and other stakeholders. In portfolio management there are certain sensitive areas that needs to be dealt very carefully because every shareholder do not usually enters into the organization to see the reality of the work being processed and the management of assets.
Based on this research the focus that the management of Goldman Sachs has on risk management through its strategies ensures that it remains one of the most admirable financial institutions especially because it remained firm after the global financial and economic crisis. The use of different management strategies has led to the company’s growth worldwide as the leading financial institution.
The focus in this paper is on Sainsbury plc as the parent company of Sainsbury's Supermarkets Ltd, generally known as Sainsbury's, the third biggest chain of supermarkets in the U.K with a share of 16.5 per cent in the UK supermarket division. The group's headquarter is in the Sainsbury's Store Supporting Centre in Holborn Circus, City of London. The company also has interests in banking and property.
10 pages (2500 words)
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The basic objective of an auditor is to obtain audit evidence which is sufficient and appropriate in the circumstances that the financial statements are free from material misstatement. These misstatements may occur due to fraud or error. The auditor obtains this audit evidence by obtaining an appropriate level of assurance that financial statements are not materially misstated. The audit evidence thus obtained allows the auditor to report on the financial statements.
The paper shall first scrutinize other sections of the business plan which include, mission and vision of the business, business description, the goals and objectives, market analysis, competitor analysis, industry analysis, product offering, marketing plan, operational plan, sales strategy, organizational structure and implementation plan.
This paper is an international module providing a broad overview of financial values for all learners and a base for additional in depth study of finance and accounting. The report consists of International Financial Reporting, Interpretation of accounting information, Budgeting and Organisational Objectives and Investment appraisal Techniques.
12 pages (3000 words)
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From the research it is clear that nowadays, there have many companies come into competition for serving the medical needs of the growing population. These companies have great pressure to serve the best possible quality products as the customers are mainly patients and ill people. In medical technology, Medtronic is considered as global leader.
The purpose of this paper is to evaluate and present analysis of portfolio value and risk of the portfolio; analysis of the various strategies; overall profitability. Continuous monitoring of the stocks market is also necessary so as to effective manages one portfolio. Continuous monitoring helps also in benchmarking as preventing inventors in running to huge amount of losses.
The essay discusses that both financial and management accounting is a critical part of any organisation. They play a vital role to make or break a business. Effectiveness and Efficiency of business organisations depends on sound financial and management accounting systems involved in any business concern.
This study focused to the budget analysis of RDBS Corporation. RDBS Corporation creates a mixture of plastic products. The industry starts the annual budgeting method in late December, when the controlling director targets the whole pound sales and net income before taxes for the coming year.
The paper tells that in globalized marketplaces, the necessity to deal in foreign currency is inescapable. The process of acquiring a foreign currency for foreign business activities can be daunting, requiring business forethought and prior contractual arrangements. Currencies change in value all the time, and the process of exchanging a currency for another can be a risky and dangerous process that can cause numerous losses.
In the report, the researcher has discussed about the development of the UK corporate governance code from 1992 to present. For ensuring a good corporate governance structure in the companies, the government has set many committees for suggesting the changes those are required in the companies. The committees suggested changes in the various areas of the company.
This paper presents a detailed analysis of the use, importance, barriers and the economic benefits of using the sustainability report by a company in the daily practice. This allows the society to understand and judge how well an organization or a company is performing.
The focus in this paper is on pricing strategy as the main part of every business. For any business the key factor is to set a differentiating image in the mind of the customer and once that differentiating factor is set in the minds of the customer one can easily play on prices of the product. However for this purpose one needs to have a grip on appropriate pricing strategy to get the best results.
The paper is about a case study on the aircraft manufacturing industry. When Boeing planned to launch its 747, with the capacity of 550 passengers, the management did not feel that the plane would be profitable in the long run for the company therefore they rejected the development of this plane. However, Airbus management felt that the jumbo sized plane could give them competitive advantage.
The most important element for any business is the availability of the funds and finance. Almost all organisations make sure that they have the required funds in order to run the operations of the business in effective and efficient manner. Main issue in the starting of any business or organisation is to search for appropriate source of finance in order to make sure that the start-up funds are available (Johnson, & Scholes 2001).
The Lehman Brothers Collapse during the 2008-09, period is believed to be a very significant as well as interesting topic in the field of Finance as it illustrates the financial blunders committed by the management of the company alongside its long term effects on securities markets.
Detailed Proposal Abstract: The paper will provide a comparison of financial analysis of two major retailer companies in UK namely Sainsbury plc and Tesco Plc. Both these companiers are the leading food retailers in United Kingdom and they are the well known public listed companies in UK.
This project aims to provide an analysis of Witan Pacific, in terms of objectives, structure, operations, investment portfolio, investment performance and management of the fund by Aberdeen Asset Managers and Nomura Asset Management.
17 pages (4250 words)
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The researcher will discuss a problem in a company in a certain industry. The researcher will provide a proposal in which he will argue about the problem, afterwards he will present researches on the effect of that problem on the company and ways on how to solve the problem, finally he will present the outcome of the research including ways on how to overcome this problem.
The work of investment advisors in consultancy firms primarily entails analysis of investment options to offer factual and professional opinion on the viability of the investment.
This paper discusses the transformation in the banking system in the lead-up of the Global Financial Crisis. The Global Financial Crisis of 2007-2008 has been one of the most devastating financial crises of all time. The Global Financial Crisis has been described by many economists as the worst financial crisis after the Great Depression of 1930s.