It is aimed at making a comparison of two UK companies of which one is a manufacturing company while the other is a banking institution. These must also be members of the London Stock Exchange. The study…
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These will be the history, revenues and the major operations of the particular business.
One of the globe’s biggest confectionery business is called Cadbury and besides its being one of the world’s largest it occupies the first or the second position in about 20 of the global 50 largest confectionery markets. It also holds position one as the most vastly spread as well as largest upcoming markets business as far as confectionery companies are concerned. It is home to approximately 45,000 employees as well as having direct business operations in around 60 nations.
Cadbury Company was founded in 1824, courtesy of John Cadbury. He began by selling cocoa and tea in the United Kingdom. The operations of the company revolve around gum, chocolate and candy today. Some of the brands going across the globe, local and regional areas as favourites are with the inclusion of Flake, Dairy milk, Green & Black in chocolate, Crease Egg, Dentyne and Trident among others.
As per 2009’s half annual results, the revenue of the business base improved by 4%. The 4% growth was as a result of a sturdy growth in the sales of chocolate while the trends showed improving candy and gum business. These half year results of revenue from confectionery business were shared as follows:
On the other hand, there is the Standard Chartered Bank which was established in the year 1869 following a merger of Standard Bank and Chartered Bank. Thus, Standard Bank was founded in 1863 in British South Africa while the Chartered in 1853 in India, China and Australia. The aim of the two companies was to maximise upon expanding largely on trade and to gain worthwhile profits through financing the goods movement across Asia, Africa and Europe.
This bank has a branch network translating to about 1,600 branches as well as outlets and around 5,500 Automated Teller Machines in well above 70
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Finance and accounting Name: Course name: Course instructor: Date: Introduction According to Judge Holmes presentation on finance and accounting, accounting is a type of business function which basically involves recording and also reporting financial information for the internal and the external users.
Indirect costs, also termed as overhead, are merged with direct costs in this model. Concurrently, traditional costing is the process of allocating manufacturing overhead to products in accordance to a volumetric metric (Lal, 2009). The volumetric metric is measurable in hours of production machine or direct labor.
Both the companies are listed on the stock exchange. Ooredoo, formerly known as Qatar Telecom (Qtel), initiated its business within Qatar in 1949 by starting the first telephone exchange within the country’s capital Doha. Qatar Telecom led as a giant within the telecommunication industry within Qatar until 2008.
Finance and Accounting Concepts Introduction Accounting concepts play an important role in recording the financial transactions and is a discipline that provides certain information related to financial transactions. Accounting provides important financial information to a wide range of potential users who are able to make several economic decisions for the allocation of economic resources.
Secondly, the fact that the enhanced disclosure is as well not enough and finally, there is the objective of realizing an improvement in the quality and the comparability of the financial reporting. During the analysis of the lessee’s financial position, it is evident that many users tend to want to capitalize operating leases through adjustments made to the reported financial information.
The analysis will be based on the annual reports for both companies for the year ended December 31, 2005 and December 31, 2006.
The financial statements of Nestle Company and Hershey Company provide the accounting picture in terms of the financial position known as the balance sheets and usually taken as the snapshots at a point in time including the operations of Nestle and Hershey Company known as the income statement serving as the movie over a time period.
The decision makers of both the private companies and public bodies do not recognize the economic significance of the natural resources and the need of environmental performance. Apart from market reputation, there exist few incentives to
The author of the essay illustrates the peculiarities of finance and accounting. Besides, it is stated that according to the COSO framework, internal controls are normally based on five main components, which include the control environment, information and communication, monitoring, control activities and risk assessment.
k financial institutions, employees and government agencies especially the tax department., Potential investors, shareholders and any other interested party. Finance and accounting professionals determine how, when, and why a business should invest its resources (Ryan, 2004,
As tyhe report stresses adjusted present value approach is a capital budgeting technique that is used to value a firm that borrows debt. The technique starts with computing the value of the firm without the debt. Secondly, the technique values the firm with debt then considers the effect of the debt value both cost of borrowing and benefits.
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