Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Decision and accounting making - Essay Example

Comments (0) Cite this document
After the board meeting that was held, we have been able to calculate the financial analysis of Waldron for financial year 2013/2014 based on prepared financial statements as stipulated in the appendix. Waldron has always been on the forefront in solving brand reputation that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
Decision and accounting making
Read TextPreview

Extract of sample "Decision and accounting making"

Download file to see previous pages From the below income statement summary, Waldron’s sales have been rising almost in all the four categories of products that they deal in. It is evident that Waldron has been experiencing significance growth as per the divisional summary report.
Durafit has been hit with several market challenges including stiff competition from foreign markets. This can be witnessed even with the latest financial report that shows Durafit’s sales drop from 1, 332 million euros in the year 2012 to 1,214 million euros in the year 2012; this represented a decrease of 9%. Durafit has been struggling to come into the market as an active player but there are some issues that still hold the division. The decrease in sales also saw Durafit record low profit margin at the end of the year 2013 as compared to the year 2012. Durafit’s main challenge is the nature of its products versus customers’ taste. Durafit took time in adjusting to modern construction techniques which gave its major competitors time to adjust and conquer the market with modern building techniques. The division’s profit margin was up by 1% when both 2012 and 2013 are compared.
This is one of the Waldron’s divisions that give the company an interest to continue in business. With its nature of operations, Contracts at one time experienced downfall in the U.K market which posed a threat in attaining its profits. With opening of its branch outside the U.K and completion of major projects ahead of schedule, Contracts has won the trust of major clients and has really benefited from this. Contracts’ sales improved greatly from 1,949 million euros to 1,214 million euros in the year 2012 to 2013 respectively; this represented a 12% increase. Gross profit margin was also up from 50% to 54%. This was as a result of opening up for new markets outside the U.K which saw its sales increase as a result of more tender being awarded to the division.
Unlike other divisions, elite is one of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Decision and accounting making Essay Example | Topics and Well Written Essays - 2500 words - 1”, n.d.)
Retrieved from
(Decision and Accounting Making Essay Example | Topics and Well Written Essays - 2500 Words - 1)
“Decision and Accounting Making Essay Example | Topics and Well Written Essays - 2500 Words - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Decision and accounting making

Accounting for Managerial Decision Making

.... Horngren. (2005) Cost Accounting, New York: Pearson Education, p.65-67. 4. Islam, M and Dellaportas, S (2011) Perceptions of corporate social and environmental accounting and reporting practices from accountants in Bangladesh, Social Responsibility Journal, 7 ( 4), p.649 – 664 5. Luther, R. and O’Donovan., B. (1998) Cost-volume-profit analysis and the theory of constraints., Journal of Cost Management, 1(1), p.16-21. 6. Navaro. (2005) What The Best Mbas Know, New York: McGraw-Hill , p.180. 7. Vurro, C and Perrini, F (2011) Making the most of corporate social responsibility reporting: disclosure structure and its impact on performance, Corporate Governance, 11 (4), 459 – 474... nature of the firms therefore makes it more...
4 Pages(1000 words)Research Paper

Accounting Information in Decision Making

...? Accounting Information in Decision Making Task: Outline i. Introduction ii. Models of decision-making and their limitations(constraints) a. Individual: Subjective Expected Utility b. Group: Theory of the Firm iii. Role of managerial accounting in providing information to aid individual and group decision-making a. Individual Roles b. Group (corporate) iv. Conclusion Accounting Information in Decision Making Introduction Engaging accounting information is an idea of great magnitude in decision-making....
4 Pages(1000 words)Essay

Management accounting & decision making

...larger amount which is on long term basis and is likely to generate revenue for the company over that particular term. In today’s world, a brief analysis will present the fact that companies have separate departments equipped with experts in the fields of financial appraisal and decision making. The sole job of these financial analysts is to identify whether a particular investment is likely to bring inflow or outflow of benefit to the company. Investment appraisal through NPV method and IRR method are both very useful in order to financially attractive prospective of any investment decision. A good financial analysis is based on the tradeoff between these two methods. However,...
8 Pages(2000 words)Essay

Accounting for Decision Making

...?Running Head: ABBREVIATED OF YOUR CHOICE (all caps) and Section # of Accounting for Decision Making Discussion Did Mr. Rosen improve his performance for the second quarter? Indicate the information you used for your assessment Analyzing the statements prepared under the absorption system, the company seems to have made a significant improvement in the second quarter. The gross profit margin has improved from 28% in the first quarter to 40% in the second quarter; whereas the net profit margin has increased from 14% in the first quarter to 28% in the second quarter as seen in appended figure 5. These two important measures of profitability show that the company has made remarkable progress over the nest quarter signifying increased... , 2010)...
5 Pages(1250 words)Essay

Accounting For Decision Making

...? Accounting for decision making 0 Executive summary This is a financial report that focuses its analysis on two companies; Fantastic holdings limited and super retail group which previously was called Super cheap auto group limited. The report analyses the performance of the two companies over time and tries to evaluate which company between the two has good economic performance. To do this, we had to conduct research on the two companies’ performance over the years and analyzed the data using financial ratios and statistical graphs. From our findings we found out that fantastic holdings has good gross profit margins but has higher expenses rates which reduces the net profit margin...
9 Pages(2250 words)Essay

Accounting for Decision Making

...? Break-even Analysis and Planning ACC501 - Accounting for Decision Making Break-even for the two strategies at each level of output Strategy Fixed Cost = $20,000,000 Selling Price = $170 Variable Cost = $35 Break-even level of output = (Keiso, 1999) Break-even level of output = = 148,148 units. Break-even level of sales = Break-even units*Selling Price (Keiso, 1999) = 148148.15*170 = $25,185,185 Strategy #2 Fixed Cost = $25,000,000 Selling Price = $200 Variable Cost = $35 Break-even level of output = = = 151,515 units Break-even level of sales = Break-even units*Selling Price = 151515.15*200 = $30,303,030 Desired Target of Profitability The company's desired profitability target is $4...
5 Pages(1250 words)Essay

Strategic Accounting for Decision Making

...developed positive impact on their 'commitment, absenteeism, turnover, morale and perception of feeling involved in an organization's decision-making process'. Enterprise Resource Planning (ERP) is regarded as the multi-module, integrated computer system which helps in the attainment of the 'common business processes, common information access, allocation of the global resources and its utilization'. The company has installed the SAP system, which focuses upon Systems, Applications, and Products, and software has been installed as software engine which is compatible with ERP. The common business processes shall be incorporated and achievable through the installation of the ERP compatible system, it has...
12 Pages(3000 words)Case Study

Decision Making with Managerial Accounting

...Decision Making with Managerial Accounting of the of the and number: Table of Contents Introduction 3 PART 1 3 Managerial accounting 3 Role of managerial accounting 3 Role of managerial accountant 4 Ethical Issues for managerial accountants 4 Managerial accounting techniques 4 Activity based costing 4 Lean accounting 5 Transfer pricing 5 PART 2 6 Budgeting  6 Quality control 7 Capital investment decision techniques 7 Conclusion 8 References 9 Introduction This case study will primarily focus on different aspects of managerial accounting in order for the...
8 Pages(2000 words)Case Study

Using Accounting for Decision Making

...Using Accounting For Decision Making by Lecturer’s and Number Accounting assists managers make better decisions by determining what costs and benefits are relevant. I would consider cost and benefits as relevant if they are expected to change as a result of the decision made. Accounting will assist determine costs already incurred since they are irrelevant and cannot be affected by current or future decisions. In deciding between alternative opportunities, I would consider costs and benefits common to each alternative as irrelevant since the benefits will be gained and costs incurred...
1 Pages(250 words)Book Report/Review

Accounting decision making

...Accounting Decision Making Task Introduction This essay comprises three parts. The first part provides the reader’s opinion on what comprise the key concepts presented in the Chapter 4 article on financial statement analysis. In addition, relevant questions regarding some of the issues contained in the article together with subtle ideas, according to the reader’s opinion, are included. The second part (done in excel) is the restatement of Ausdrill’s financial statements (Balance sheet, income statement and statement of changes in equity). The third part includes Ausdrill’s five services, their estimated selling prices, their variable costs and the contribution margin. In addition, an...
9 Pages(2250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Decision and accounting making for FREE!

Contact Us