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.
Nobody downloaded yet

Accounting ( memo to the manager ) - Assignment Example

Comments (0)
Emaar is a Dubai-based Joint Stock Company and is affiliated with the Dubai Financial Market. It is also part of the Dow Jones Arabia Titans Index.
Emaar is undergoing a new growth phase with a…
Download full paper
Accounting assignment ( memo to the manager )
Read TextPreview

Extract of sample
Accounting ( memo to the manager )

Download file to see previous pages... The market it covers expands from Middle East to North Africa and all the way up to North America. The company has its offices in a number of countries including United Arab Emirates, Saudi Arabia, Lebanon, Egypt, Pakistan, Turkey, China, USA, Canada and United Kingdom.
Emaar has consistently maintained its financial position and stability. The numbers on the financial statement indicate a slight decline in revenue from 30th September 2007 to 30th September 2008 (1.62%). Although the revenue has declined slightly, the net profit has gone up by (0.4%). This indicates that the cost of revenues has gone down. From the company’s perspective, this shows that they have controlled on their costs.
However, an interesting feature to note in the financial statements is that ‘selling, general and administrative expenses’ form a considerable portion of the overall expenditure both in 2007 and in 2008. Moreover, the ratio of selling and administrative expenses to the gross profit stands out to be (29.5%) and (29.1%) in 2007 and 2008 respectively. This indicates a very high proportion and is reducing the profitability considerably.
In order to control these expenses, we first need to analyze the composition of these expenses. Selling, general and administrative is the sum of all direct and indirect selling expenses and all general and administrative expenses incurred by a company. Selling expenses are of two types, direct and indirect. Direct ones are those which can be linked with the sale of a specific unit. This would include warranty, advertisement or credit expenses. Indirect ones are those which cannot be allocated to a sale of a specific unit but is applied to all units in proportion. This would include telephone and postal charges. Whereas, general and administrative expenses include other expenses such as rent, heating, lighting and salaries of non-sales personnel (Investopedia).
High SG&A expenses can be ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Global Perspectives Mid-term Memo Assignment
Businesses require healthy economic, social and political environment to flourish and the memo investigate the prevailing conditions in Belarus. Secondly, the bilateral relations of the host state with international community are of core importance. Presently, Belarus does not enjoy good relations with European Union and Western powers and this makes it a difficult choice for business community.
3 Pages(750 words)Assignment
Management Accounting Master Assignment
The situation stems from a lack of focused effort on operating efficiency systems and an emphasis on outdated reporting techniques which negatively impact decision making. I believe we are poised to gain competitive advantage from our recent organizational restructuring and having worked closely with our units in Europe and in the UK.
8 Pages(2000 words)Assignment
Accounting Assignment
What is the amount of stockholders’ equity? 37) Your company purchased a piece of equipment with a purchase price of $275,000. The equipment has a
1 Pages(250 words)Assignment
Memo for accounting
This memo points out some positive aspects of the company using its annual report and proxy statement. From the annual report of Aeropostale, for the fiscal year ended on 29th January 2011, it seems that the company has been maintaining good
2 Pages(500 words)Assignment
Accounting assignment
Product differentiation therefore, is the practice in where enterprises offer products or services with unique features to consumers. This approach will immensely help DSC gain competitive lead over already in the market and potential investors. Duncan Shirt
4 Pages(1000 words)Assignment
Olantunji manufacturing had earlier recommended Miller computing for provision of timely and efficient response. On further investigation to find
1 Pages(250 words)Assignment
It is the Introductory Memo assignment
I am presently majoring in Finance with a prime objective of graduating on May 2016. My short-term goal is to participate in several internship programs in any job related to my area of study. I will gain much experience from the internship
2 Pages(500 words)Assignment
Professional communication memo assignment
believe that such information is crucial for all staff members, given that many of our clients have not only shown interest in Mexico, but also quite a number prefer the country as their destination. Therefore, this gives all staff members a chance to boost their competence in
1 Pages(250 words)Assignment
ASSIGNMENT #1 - Request for Funding Memo
The enrolment for the course is to start on October 15th and is to take period of six moths. The course is to cost $2000 in total living out the registration fee which
2 Pages(500 words)Assignment
Accounting assigment (Depreciation Memo)
It does not also have periods where there is no depreciation as is the case with the units of production method. Straight-line depreciation method involves depreciating an asset at a uniform rate throughout
2 Pages(500 words)Assignment
Let us find you another Assignment on topic Accounting assignment ( memo to the manager ) for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us