Nobody downloaded yet

Accounting Assignment - Essay Example

Comments (0) Cite this document
Summary
The reports of the company’s top officers present in narrative form the significant events of the year and their effects on the company. These pages also include reports on the prevailing risks and issues that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Accounting Assignment
Read TextPreview

Extract of sample
"Accounting Assignment"

Download file to see previous pages Both the Chairman’s Statement (CS) and the Chief Executive’s Review (CER) describe 2009 as a very difficult year. They both emphasized that the company’s loss before tax is a natural consequence of the drastic turnaround in the global economies. They also both affirmed the company’s commitment to do its part in combating climate change even if the prevailing adverse economic situation. They as well mention BA’s long-term goal of becoming a leader in the global arena of the airline industry.
The CS tackled specific issues that pertained not just to BA but to the entire airline industry of UK. The CS is written from a point of view that sees BA as a primary industry player with respect to the rest of the industry and the business world at large. It discusses the ongoing battles for government regulations that would be favorable for the industry and for BA, the current status of BA’s talks with other airlines regarding mergers and the general trend of the world’s airline industry. The CS also talks of matters that concern BA’s shareholders such as the decision to declare no dividends and to give no bonuses to senior management for the year.
In contrast, the CER covers more of BA’s internal issues. It talks of how BA’s implemented cost-cutting measures to combat ill effects of the economic slowdown and of how BA works on further improving its overall customer service to achieve even higher satisfactory ratings. It also talks of the management’s decision to give no salary increases to employees for the year.
The CFO’s Report contains information that a potential investor like Paul should be interested in. One is the basic earnings per share figure that is -32.6 pence; another is the reduction of BA’s other reserves by £988 million which will significantly reduce the company’s shareholders’ equity. The third is the recommendation of BA’s ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/miscellaneous/1564012-accounting-assignment
(Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 Words)
Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/miscellaneous/1564012-accounting-assignment.
“Accounting Assignment Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/miscellaneous/1564012-accounting-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Accounting
...?Part I a) b) c) d) In ACTG 381, 382, and 383 my grades were _____ . I believe that I am an excellent accountant. I always comply with the generally accepted accounting principle. To me satisfying the needs of the customer is a top priority. As an accountant it is my duty to always give a maximum effort in order to complete the tasks at hand on time. During my academic career I have demonstrated that I am a great student. It is important to me to learn as much as I can from the course material, my professor, and my fellow classmates. Doing external research is extremely important to keep up with the latest data and information. The hardest part of being an accountant is...
4 Pages(1000 words)Assignment
Accounting
...Accounting Table of Contents Project 2- 8 Ratio 10 Project 3- 13 References 16 About Walmart Established in 1962 by Sam Walton, Walmart has become the most heralded name in the global retail industry. The company has been listed as the number one globally according to a survey of the Fortune magazine. The company has its operations located in 15 different countries and is known by different names. Initially the company was formed with a view to help customers save on their purchase. Over time, this has become the underlying business philosophy of the company that has earned a global brandname for itself. Walmart Inc. is listed on the NYSE from 1972. According to data revealed from the New York Stock Exchange, the company...
9 Pages(2250 words)Assignment
Accounting
...On March Penner Company acquired real e on which it planned to construct a small office building. The company paid $80,000 in cash. An old warehouse on the property was razed at a cost of $8,600; the salvaged materials were sold for $1,700. Additional expenditures before construction began included $1,100 attorneys fee for work concerning the land purchase, $5,000 real estate brokers fee, $7,800 architects fee, and $14,000 to put in driveways and a parking lot. Hint: Determine acquisition costs of land. (SO 1) Instructions (a)   Determine the amount to be reported as the cost of the land. (b)   For each cost not used in part (a), indicate the account to be debited. (a). $ Cash Payment of land 80,000 Razing...
1 Pages(250 words)Assignment
Accounting
...Munaf Usmani Academia Research May 25, PSB 12.4 Part (A) General Journal Account s and Explanation Debit Credit Apr 6 Inventory SalesTax Receivable Account Payable-Robert Ltd 840 84 924 Apr 7 Cost of Sales-Freight 44 Cash 44 Apr 8 Accounts Receivable Sales Tax Payable 990 90 Sales 900 Apr 8 Cost of Sales 600 Inventory 600 Apr 10 Accounts Payable-Robert Ltd 44 Inventory Sales Tax Payable 40 4 Apr 11 Inventory 330 Cash 330 Apr 13 Account Payable-Robert Ltd 880 Discount Availed Cash 26.4 853.6 Apr 14 Inventory Sales Tax Payable 500 50 Accounts Payable-Martina 550 Apr 15 Cash 55 Inventory Sales Tax Payable 50 5 Apr 17 Cost of Sales-Freight 33 Cash 33 Apr 18 Accounts... ...
5 Pages(1250 words)Assignment
Accounting
...On January 6, Arneson Co. sells merchandise on account to Cortez Inc. for $9,000, terms 2/10, n/30. On January 16, Cortez Inc. pays the amount due. Prepare the entries on Arnesons books to record the sale and related collection. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) Date Description Debit Credit Jan. 6 Account Receivable (Cortez Inc.) 9,000              Sales   9,000 Jan. 16 Cash 8,820     Sales Discount 180              Account Receivable (Cortez Inc.)   9,000 On January 10, Mary Dawes uses her Pierson Co. credit card to purchase merchandise from Pierson Co. for $9,000. On February 10, Dawes is billed for the amount due of $9,000. On...
5 Pages(1250 words)Assignment
Accounting
...Question a) The rationale of an Income ment or Profit & Loss Account is to record the events of financial transactions (that is all incomes and expenses relating to the business) for a financial period. (e-conomic(UK), 2014) The Income State is useful to evaluate profit or loss for the financial period. (e-conomic(UK), 2014)Two Income Statements from different financial periods (often subsequent statements) can be compared to determine the growth of the business in that period. For example, in the case of Helen Harris Handbags, we find that the Net Profit (Gains) in the year 2012 was £ 158,109 and subsequently for the year ended 2013 were 88,982. b) If we were to compare the 2013 Income Statement with the 2013 Statement,...
5 Pages(1250 words)Assignment
Accounting
...Accounting of a case fraud The former chief accountant of Stanford financial group of companies Mr.Gilbert Lopez and Mark Kurt, the global controller of the Stanford were involved in fraud. The two officials were sentenced for twenty years in prison. Gilbert Lopez was also to pay cash bail of twenty-five thousand dollars. In addition, they were to be supervised even after for a period of three years upon their release. The two were convicted of wire fraud and conspiracy on 19 November 2012. They had had actively participated underground in misusing the financial assets of Stanford International Bank. Moreover, they defraud the bank by inflating that they had purchased a real estate property on behalf of...
1 Pages(250 words)Assignment
Accounting
...Accounting Accounting Flowers Foods Company has outsourced functions such as bread making, branding, transporting, and delivering the products to the consumers. The Newton Bakery Tour Company is one of the four companies operating in North Carolina. The company produces more than 125 million pounds of breads and buns in the year ending 2012. The company automates parts of the general production line. The packaging stage in the production line is run by the programmed machines, which are relatively faster and efficient. Grow sales enhance the development of new markets for utilization of customers, new products and strong brands. Technological advancements improve appropriate investment leading to low-cost...
1 Pages(250 words)Assignment
Accounting
... Robbins and Barrows Partnership Robbins is acting in an unethical way. Robbins is taking advantage of the partnership by putting in less work while enjoying the same benefits as Barrow, who is tirelessly working to ensure that the partnership is a success. It is evident that both parties have a 50-50 stake in the business and therefore should share tasks and income equally. Judging by Robbins reaction, it is clear that he is not driven towards improving the business, but rather he fancies the partnership as it allows him to enjoy life while still raking big income. Before the merger, he was unable to abandon his job due to fear of losing both revenue and customers. But now that he has a colleague that is hardworking and willing... Robbins...
1 Pages(250 words)Assignment
Accounting
...Accounting Accounting Paper The organization d as Biolea is a family-owned business that specialized in the manufacturing of olive oil that is organic in nature and they produce olive oil with the techniques of millstones and olive press. Fixed cost includes the utility payments and payments made to the permanent workers for their services. The variable cost that the company experiences include oil transportation and oil storage cost that may change with the changes in productivity. The mixed cost of the business will be the contractual workers and the utility payments that the company will experience during peak season. The company Gulf Craft is engaged in the production and export of sea based...
2 Pages(500 words)Assignment
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 Accounting Assignment for FREE!
Contact Us