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Management Accounting: Costing and Budgeting - Assignment Example

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The employee compensations and benefits decrease from the year 2012 to 2013 by $1295 million.this shows that the company has reduced its employees.the general and adminstration expenses decreased from the year 2102 to 2013 by$2918 million.is is an indicator that there was…
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Management Accounting: Costing and Budgeting
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Management Accounting: Costing and Budgeting

Download file to see previous pages... The opportunity of 60% was split equally in 2013 between progressive dividend payout ratio,capital strength,return on equity and cost efficiency ratios.the consideration under longterm plan focused on the sustainability of shorterm progress and reflected on whether to recognize progress made towards achieving sated targets even though the goals had not been met in the current year.there was a strengthened capital position and 15% was made because of the improment in core tier 1 ratio.the prioject performance of maintaining a high dividend pay out ratio was as aresult of the strong capital thus it was awarded 15%.the group had not reachead its targeted return on capital of 12-15%the consideration made in giving it 15% was due to the redeployment of capital from underperforming portifolios to targeted areas of investment and the progressive improvement.the cost efficiency ratio of 15% received no award as it was above the group set target of 48-52%. The general observation is that the group was underperforming.
The execution of the strategies laid down by the management like reduction in risks and restructuring the group businesses was achieved to a level of 5%.the compliance and reputation was 10 % and it put in minimising the lonterm legal compliance and finally the brand was based on an independent research which concluded that HSBC brand had improved and had retained its satatus as one of the world’s strongest banking brand having a second positon in The Brand finance Banking 500 2014 survey.in the people long-term strategy delivarance the bank there was progress in terms of talent development,succession planning and diversity,the general observance of qualitative performance is that the bank had performed well.
After an analysis of the various departments within the HSBC Bank Baharini branch,the following departments to be ...Download file to see next pagesRead More
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