Accounting and Finance
University of Bradford School of Management Postgraduate Full time MA Accounting and Finance Course leader: Les Chadwick Tutor: Dr Mohammed Hudaib Words count: 3243 UB NO Family First Course Group Team 04013265 Tan Zhe IBM A 11c 04010013 Yang Xiuwei IBM A 11c 04003701 Su Chin-Yi IBM A 11c 03013551 Yamamoto Takao IBM A 11c 04001507 Troyanovska Kateryna IBM A 11c 03013677 Yang Dailin IBM A 11c 03-12-04 Introduction The Lee Chew Cheng Wong Chemical Company produces high quality speciality chemicals, and it exports around 85% of its output to many countries and regions. Since the establishment in the mid 1980 this company has emphasized the shareholder value. To keep this focus, a new Chief Executive Lee Shan Loke Teo has proposed a lot of new policies. This assignment evaluates the financial rations with Sun See Chemical Company and average industry, and presents the financial effect of the proposal that Lee Shan Loke Teo adopts. That final section shows the recommendation of costing system and capital expenditure budget. Evaluate the financial performance As the profit and loss account shows, the Lee Chew Wong Chemical Company's net sales decreased from $5.6m to $4.2m, and the gross profit reduced from $1.8m to $1.5m, while in 20x9 the retained profit of the company reached the peak of $0.4m during this period. Although
We are going to compare and contrast the way in which Domino's Pizza UK & IRL Plc and Pizza Express PLC discharge their responsibilities of disclosure of information.
Section Title Page Introduction 2-3 1.1 Aims and objectives .2 The importance of accounting methods, policies and associated disclosures .3 Overview of 2 companies: Domino's Pizza UK & IRL plc & PizzaExpress Plc 2 Accounting Principles 3-4 2.1 Chairman's Report 2.2 Tangible and Intangible Fixed Assets 2.3 Cash Management 3 Domino's Pizza UK & IRL plc 4-5 3.1 Chairman's Report Summary 3.2 Tangible and Intangible Fixed Assets policies 3.3 Cash Management 4 PizzaExpress Plc 6-7 4.1 Chairman's Report Summary 4.2 Tangible and Intangible Fixed Assets policies 4.3 Cash management 5 Conclusion 7-8 5.1 Domino's & PizzaExpress differences in Principles 5.1 Domino's & PizzaExpress commons in Principles 5.2 The summary to conclude both companies' performance during 2 years: - 6 Recommendations 8 6.1 For Domino's Report 6.2 For PizzaExpress's Report 7 Bibliography 9 List of Illustrations Figure 1 Domino's Pizza EPS chart Figure 2 PizzaExpress 's EPS chart Introduction .1 Aims and objectives We are going to compare and contrast the way in which Domino's Pizza UK & IRL Plc and PizzaExpress PLC discharge their responsibilities of disclosure of information. The disclosure requirements are found in a number of regulatory sources and "guidelines" issued from the accounting bodies and issued codes of conduct
Financial Analysis of Matalan PLC
Financial Analysis of Matalan PLC This report is based on Matalan PLC, the retail company, in conjunction with their annual reports. a) Matalan is a totally unique out of town retailer offering up to the minute fashion and homewares at up to half the equivalent high street price. With over 130 stores nation-wide, Matalan is currently the UK's the 5th largest fashion retailer. Its major competitor for the mid-market price range is Marks and Spencers. John Hargreaves, the founder of Matalan, began as a market trader back in the 1970s. In the early '80s, whilst on holiday in the USA, John discovered the out of town retail concept that sold a range of food and non-food products at low prices. On his return, John decided to implement the same retail concept in the UK, so in 1985 the first Matalan Discount Club opened in Preston. Since then Matalan has grown significantly and by 1995 there were 50 stores across the UK. In 1997, in order to cope with Matalan's growth, the head office was relocated from Preston to Skelmersdale along with a new distribution centre. Matalan's success was reinforced by the flotation of the company in May 1998 and the company moved away from being Matalan Discount Club to simply Matalan, the value fashion retailer. Matalan opened it's 100th store at the start of 2000 and plans to have 200 stores by the end of 2005. In the past year, Matalan have
The different accounting regulatory environments in the U.S. and France.
Introduction of the two companies Carrefour is the world's second largest food retailer, and operates over 9,000 stores in 30 countries. Hypermarkets, supermarkets and hard discount stores are three major forms of business in Carrefour. In 2001, consolidated sales of Carrefour were € 69.5 billion (51% from international business), and net income from recurring operation was € 1.2 billion. Till the end of 2001, Carrefour had a total employee of 383,000 worldwide. Safeway Inc. is one of the largest food and drug retailers in North America. Till the end of 2001, this company operated 1,773 stores in the United States and western Canada. The total sales of 2001 were $34.3 billion. Safeway has extensive network of distribution, manufacturing and food processing facilities in order to support its stores. Although Carrefour's turnover is approximate double of Safeway's, they both engage in food retail industry. Therefore Carrefour and Safeway Inc. is a matched pair of large quoted companies. The different accounting regulatory environments in the U.S. and France Legal systems U.S. The federal law of the United States generally is modeled on English common law. "A common law rule seeks to provide an answer to specific case rather than to formulate a general rule for the future". (Nobes C and Parker R, 2002) This naturally influences commercial law, which traditionally does
Compare and contrast the approach of the US and UK financial regulatory bodies and comment upon the major issues and events which have shaped the regulatory environments of both countries over the last twenty years.
QUESTION: Compare and contrast the approach of the US and UK financial regulatory bodies and comment upon the major issues and events which have shaped the regulatory environments of both countries over the last twenty years. ********************************************************************* Introduction This paper aims at comparing and contrasting the UK/US financial regulatory bodies in the financial accounting standard issue and application aspect. Recently we found the obvious tendency of global accounting standard convergence and this has the significant influence on both of UK and US financial regulatory environments. This convergence is also called accounting harmonisation which aims at developing a single set of high quality, global acceptance accounting standards that require transparent and comparable information in general purpose financial statements. (Nobes & Parker, 2002, pp93) In order to achieve that goal, both of UK and US move toward the International Accounting Standards at present. This paper will outline the major structure of financial regulatory systems in both two countries and then will compare the major steps that UK and US financial regulators took toward this tendency over last decades. Briefing of UK/US financial accounting systems: Both of UK/US system are more pragmatic system and have traditionally been regarded as a service function to
Launching a Shooting Gallery
Business Enterprise Bhupen Dabasia 11G Mr. Hudson Candidate Number: 9148 Centre number: 12262 Terms of Reference: For this business studies report, me and three other colleges took part in running a small little enterprise for one day in the Christmas Fayre. In our team we had Suraj Unalkat, Shing long-man, Jay Joshi and my self Bhupen Dabasia. Together we chose the following stall ideas and will chose the best one which we could run. Also we all promised to ensure efficient organization and provide a high quality of service when the enterprise makes its debut appearance. Also to be a successful business we will have to make profit and we will have to contribute it all to the school, as it providing money to let an area were we would be based to set up our enterprise, also they are not charging us for any variable costs i.e. Lighting, Heating. There is a deed of partnership which you can see in the appendix (fig 1). Enterprise Options: Below I will list a few ideas as a group we came up with to base our enterprise on; also I will include the pros and cons of that particular enterprise: ==> Cake Stall: Pros: Firstly it is easy to serve cakes to customers, hardly any difficult procedeours. Also you can buy in bulk and sell off the items for more so revenue is also going to be higher. With the preliminary tests, at break or lunch, we could increase the profit and
How can organisations ensure that their financial administration is going to guarantee their profitability and liquidity?
Management Assignment One "Controlling and managing costs and cash flow are essential financial objectives for all organisations and should lead to improved levels of profitability and liquidity. From your studies, and with the benefit of your own experience, discuss this statement and identify the policies and measures that could be implemented in order to ensure that the most effective means of cash flow management are achieved. This should also include references to, and commentary on, a working environment with which you are familiar." Philippa Young Contents Page . Introduction 1 2. Cost Classification 2 2.1 Costs 2.2 Functional Costs 2.3 Behavioural Costs 3. Cost Control 5 3.1 Break Even Analysis 4. Local Government Funding 7 4.1 Revenue Budget 4.2 Capital Budget 5. Budget Management and Control 9 5.1 Budget Compilation 6. Cash Flow 11 7. Benefits of Budget Management 13 8. Conclusion 14 . Introduction Sound financial administration is vital to the viability and sustainability of any organisation. Successful budget management will help to ensure that resources are allocated effectively and appropriately. Without efficient forward planning, monitoring and reviewing of financial resources organisations are unlikely to be able to maintain their profitability and ultimately for many
My hypothesis is that the top 3 sets (A, B and C) predict both the size of the angles and the lengths of the line better than the middle 3 sets
My hypothesis is that the top 3 sets (A, B and C) predict both the size of the angles and the lengths of the line better than the middle 3 sets (D, E and F) and the bottom sets (G, H and I). I think this is correct because the top set is supposed to be smarter and I think they should be able to estimate closer to the correct amount. The are 185 pieces of data in the whole population. 77 are in the top sets. 70 are in the middle sets. 38 are in the bottom sets. Overall, there is too much data so I need to choose a sample. I need to make sure my sample size is appropriate. 10 will be too small and is not enough to represent my population and 100 will be too large. I will choose a sample size of 40 as that is not too small and not too large. It is just over 20% of my population so it is enough to get a representative amount of data. There are not the same amount of people in top, middle and bottom sets so I cannot have the same amount of people from each group. They have to have the same proportion. I worked this out in the table below: Set How many people in total Calculation Answer Sample size Top sets (A, B, C) 77 40*(77/185) 6.64 7 Middle sets (D, E, F) 70 40*(70/185) 5.14 5 Bottom sets (G, H, I) 38 40*(38/185) 8.22 8 Now I know how many people I am going to take from each set, I need a random way of picking people so everyone has a fair chance of
International Accounting Standarts
Block Assignment SS 2007 Financial Analysis - International Accounting (HGB and IAS) !!!! Student: Diana Mateo BA 05 Lecturer: Prof. Dr. Dominik Lamanna International Accounting . Introduction 3 2. History of Accounting Standards 5 2.1 The HGB Accounting Standard 5 2.2 The International Accounting Standard (IAS) 6 3. Differences in Formal Prescriptions and Content 8 3.1 Active Side 8 3.1.1. Assets 8 3.1.2. Property, Plant and Equipment - Tangible Assets 10 3.1.3. Intangible Assets 10 3.1.4. Investments in Associates 11 3.1.5. Financial Assets 12 3.1.6. Accounting for Leases 12 3.2. Passive Side 13 3.2.1. Liabilities 13 3.2.2. Privisions (Accruals) 13 4. Conclusion / Epilogue: 15 References: 17 International Accounting . Introduction The last decades of the 20th century brought an enormous dynamic in almost all areas of life. Personal horizons increased; at least with the development of the internet, national borders lost more and more in meaning especially in world wide business transactions. For companies, there opened new possibilities of financing their business´. As in the US already common, also European entrepreneurships get their financial means more and more from international capital markets (stock market) instead of financial institutions (banks). However, if companies get their money from international capital markets, companies must
This paper discusses the statement 'in a politically charged rulemaking environment, conceptual frameworks has only limited utility'.
Abstract This paper discusses the statement 'in a politically charged rulemaking environment, conceptual frameworks has only limited utility'. From this statement I will identify and explain the perceived functions of a Conceptual Framework (CF) and the role it plays. Following this will be an explanation of the history and the motivations of the accounting profession in persisting with attempts to develop a CF. The existence of a CF is to serve as a guide for the standard setters to provide them with a set of objectives and constraints. Furthermore, CF provides a framework for setting standards, a basis for resolving accounting disputes and fundamental principles, which then do not have to be repeated in the Standards. The CF has been developed over the years, and it is continually being developed due to the changing environment, especially in a politically charged rulemaking environment to pursue the appropriate structure for a 'real' CF designed to provide a base for the standards. Ultimately, the purpose is to provide "true and fair" financial reports for the users in making and evaluating decisions about the allocation of scare resources. However from this paper, it is appropriate to conclude that accounting professions persist with attempts to develop a CF because of they trying to structure a CF designed to provide a base for the standards programme which is the
