...AYB200 Financial Accounting SUMMER SCHOOL 2015 BUSINESS REPORT Content Executive summary Introduction Background and achievement Recent trends and approach taken by South Africa Analysis of implication and impediments of <IR> and a position statement Executive Summary The purpose of this report is to provide a concise background on the objective and technical development of Integrated Reporting and key achievement to date, a summary of recent trends in adoption of Integrated Reporting which including the approach taken by South Africa, an analysis of any implications and impediments of Integrated Reporting and a positon statement of how these might affect adoption in Australia. Introduction Integrated Reporting is a process in which the value creation of a periodic integrated thinking, in a periodic report, is created by the value creation of the periodic report of the value creation (Adams & Simnett, 2011). The organization uses the integrated report to convey a clear, concise, and complete story, stating that all of their resources are of value creation. Integrated Reporting is to help companies carefully consider their strategies and plans to make informed decisions and management of key risks, to establish the confidence of investors and stakeholders and improve future performance (INTEGRATED REPORTING<IR>, 2015). This is a diverse alliance, including the evolution of business leaders and investors to promote the global business report. ...
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...Assets Current Liabilities = 38 44 = 0.9 E) Closing Inventory Holding Period (in Days): Current Inventory X 365 Days Cost of Goods Sold = 25 X 365 Days 200 = 46 Days F) Trade Receivables Collection Periods (in Days): Trade Receivables X 365 Days Revenue (Sales) = 13 X 365 Days 250 = 19 Days G) Trade Payables Payment Periods (Base on Cost of Sales) (in Days): Trade Payables X 365 Days Cost of Sales = 23 X 365 Days 200 = 42 Days H) Gearing (Debt Over Debt Plus Equity): Debt X 100% Debt + Equity = 100 X 100% 100 + 114 = 46.7% Introduction The purpose of this report is to examine the “financial performance and position” of “Orchard LTD” for the last two year (from 2011 to 2012), using the accounting ratios. This report is comments in detail on the following ratios: • Return on year – end capital employed • Net Assets Turnover • Net Profit Margin • Current Ratio • Closing Inventory Holding Period (in Days) • Trade Receivables’ Collection Period (in Days) • Trade Payables’ Payment Period (in Days) • Gearing The result of the data that have been examine show that Orchard LTD have perform better and Orchard LTD have been more stabilized too then the performance in year 2012. Since the completion of $100 million...
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...Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com 20 August 2015 The Manager-Listings Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Via electronic lodgement Dear Sir / Madam BRAMBLES LIMITED FY15 FINANCIAL RESULTS Brambles Limited announces to the market its financial results for the year ended 30 June 2015. The following documents are attached: 1. 2. Appendix 4E – Preliminary Final Report; and Brambles’ 2015 Annual Report including its financial statements, for the ended 30 June 2015. Yours faithfully Brambles Limited Robert Gerrard Company Secretary {RNG 00086515} This page intentionally left blank Results for Announcement to the Market Brambles Limited ABN 89 118 896 021 Appendix 4E Preliminary final report for the year ended 30 June 2015 Year ended 30 June 2015 US$M 2014 US$M % change (actual FX rates) % change (constant FX rates) Statutory Results Continuing operations after Significant Items1: Sales revenue 5,464.6 5,404.5 1% 8% Operating profit 938.5 929.5 1% 8% Profit before tax 826.6 816.5 1% 9% Profit after tax 585.5 584.5 0% 7% (1.1) 683.2 584.4 1,267.7 -54% -51% 37.3 81.2 -54% -51% 5,464.6 5,404.5 ...
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...Publicly traded companies make multiple reports available to their investors through their websites. Not only does these companies make their financial information available to the public, they must also send in detailed reports to the SEC. In this paper, we will be examining a world-wide publicly traded company, American Eagle Outfitters. We will be looking at the financial information that the company has made available for the public to see, as well as the annual form, or 10-K, that is filed with the SEC. FINANCIAL REPORTS AND SEC FILINGS Introduction American Eagle Outfitters, a leading clothing retailer, offering high quality, on-trend clothing options for men and women, adults and children alike. While being a worldwide retailer, American Eagle Outfitters is a publically traded company, which means that its financial information is available for everyone to see. Along with this financial information, AEO must also submit annual reports to the Securities Exchange Commission. In this paper, we will be reviewing the financial reports of American Eagle Outfitters and assessing the differences between each of the financial reports. The Financial Reporting Model The financial reporting model is a written report of the financial condition of a company or firm. Investors and lenders, as well as government oversight, utilize financial reporting for different reasons. Investors utilize financial reporting in order to determine the financial health of a company or firm in which...
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...Financial Analyst Report Furman Glass Prof. Arlene Goodman ACCT614-1302A-06 Colorado Technical University April 15, 2013 Abstract Financial Analyst Report The associates of a corporation’s board of directors and executive management team are liable for establishing the policy, procedures and are eventually accountable to stockholders for the financial well-being of the corporation. Too successfully conduct their responsibilities, panel associates must have appropriate data in the structure of financial statements or narrates that afford a complete summary of the corporation’s financial position. The fundamental material associates of a board of directors and executive management team members require to make a comprehensive decision on the operating future and standing of the Corporation are located in four essential financial statements. These statements are the balance sheet, income statement, cash flow statement and the statement of shareholders’ equity. Annual accounts of all must be encompassed in the corporation’s yearly statement (Gillett, (n.d.)). Provisional reports of the financial statements are likewise beneficial to a board of directors and executive management team and they are produced typically on a quarterly agenda. Obviously, the board associates will utilize these various statements and other financial accounts to reach a comprehensive decision. Nonetheless, the four essential financial reports afford the summarizing material essential...
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...NATIONAL ECONOMICS UNIVERSITY BTEC HND IN BUSINESS Assignment Front Sheet | Qualification | Unit Code / Unit number and title | Pearson BTEC Level 5 HND Diploma in Business (QCF) | F/601/0864 QCF level: 4Unit 10 Financial Accounting and Reporting | Student name NEU Student Number / BTEC Registration Number | | | | Assessor name(s) | Noel Farquharson | Le Quang Dung | Date issued | Submission deadline (for both hard copy and Turnitin) | May 7th 2015 | May 22nd 2015 | | | Assignment title | Interpreting financial statement | Student to indicate clearly on the Evidence (Page no) their answers against the following assessment criteria that can be found. | Learning Outcome | Learning outcome | Assessment Criteria | In this assessment you will have the opportunity to present evidence that shows you are able to: | Task no. | Evidence(Page no) | LO4 | Be able to interpret financial statements | 4.1 | Calculate accounting ratios to assess the performance and position of a business | 1&2 | | | | 4.2 | Prepare a report incorporating and interpreting accounting ratios, including suitable comparisons. | 3 | | Student declaration | I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that false declaration is a form of malpractice.Student signature: ...
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...the financial statements of a university with generally accepted accounting principles. c. Giving an opinion on the fair presentation of a newspaper’s circulation data. d. Giving assurance about the average drive length achieved by golfers with a client’s golf balls. e. All of the above. 1.24 It is always a good idea for auditors to begin an audit with the professional skepticism characterized by the assumption that a. A potential conflict of interest always exists between the auditor and the management of the enterprise under audit. b. In audits of financial statements, the auditor acts exclusively in the capacity of an auditor. c. The professional status of the independent auditor imposes commensurate professional obligations. d. Financial statements and financial data are verifiable. 1.25 In an attestation engagement, a CPA practitioner is engaged to a. Compile a company’s financial forecast based on management’s assumptions without expressing any form of assurance. b. Prepare a written report containing a conclusion about the reliability of a management assertion. c. Prepare a tax return using information the CPA has not audited or reviewed. d. Give expert testimony in court on particular facts in a corporate income tax controversy. 1.26 A determination of cost savings obtained by outsourcing cafeteria services is most likely to be an objective of a. Environmental auditing. b. Financial auditing...
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...Vision Finance Report prepared by Paul Mahoney S3356863 BAFI2112 Financial Markets Study Period 3 |Financial Markets Report |Submitted 18th November 2011 | | |Client Name:BHC | |Executive summary |Scenario One: Financial Investment Advise| |The current investment market is a hazardous environment for all stakeholders involved as a result of | | |recovering investor confidence post-global financial crisis (GFC) and with the possible effects of the | | |European credit crisis. It is therefore essential to analyse current expert opinion, economic factors and | | |interest rate forecasts when selecting an optimal investment strategy. Vision Finance provides this | | |analyses and a specified expert opinion for BHC given their current need for investment of funds in the | | |Australian money and debt capital markets within this report. | | Table of Contents ...
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...Financial Research Report Thomas C. Page Bassam Ali Hamdan Fin534 March 7, 2016 When reviewing some of the best performing stocks in the business world, they all have one thing in common – a tremendous brand. A company with a strong brand name like McDonald’s Corporation means a lot in the retail sector and investing in a highly-admired brand that offers an easy-to-understand, fairly straightforward company is a good business decision. Not only is McDonald’s a popular brand name, but it has a list of statistics to support its popularity. It has been ranked as the most recognized fast food restaurant internationally and is one of the top three American brands. According to the Forbes List, McDonald’s is the sixth World’s Most Valuable Brand. It is number 207 in the Global 2000, and is listed as number 345 in sales, number 124 in profit, number 702 in assets and number 87 in market value in the world. As of May 2015, its market cap was 92.5 billion and its ticker, “McD”, was $117.48. Some more detailed information follows(Forbes, 2012): Industry: Restaurant Country: United States Founded: 1955 Chief Executive Officer: Stephen Easterbrook Website: http://www.mcdonalds.com Employees: 420,000 Sales: $27.44 billion; Assets: $34.23 billion; Profits: $4.76 billion Headquarters: Oakbrook, Illinois The company was founded by Ray Kroc on April 15, 1955 and now operates internationally in Europe, Asia, the Pacific, Africa, and...
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...Report of Financial Analysis The purpose of this report is to calculate key ratios for The Boeing Company over the past five years and discuss trends in those ratios. The table below contains the result of the analysis to better understand how the key ratios have either fallen or risen for the past five years. | 2012 | 2011 | 2010 | 2009 | 2008 | GPM | 0.18% | 0.21% | 0.22% | 0.19% | 0.20% | OPM | 0.07% | 0.08% | 0.08% | 0.03% | 0.06% | Inv. Turn. | 2.16% | 2.13% | 2.64% | 4.03% | 3.90% | Curr. R. | 1.27% | 1.21% | 1.15% | 1.07% | 0.84% | Quick R. | 0.43% | 0.43% | 0.46% | 0.56% | 0.33% | D-T Assets | 0.10% | 0.13% | 0.17% | 0.20% | 0.13% | DOL | 2.44% | 2.53% | 2.84% | 6.45% | 3.04% | DFL | 1.04% | 1.05% | 1.09% | 1.18% | 0.98% | DCL | 2.53% | 2.65% | 3.09% | 7.62% | 2.99% | CCC | 182 | 193 | 153 | 98.1 | 109 | * Gross Profit Margin: The gross profit margin started off at 20% in 2008 and has slightly fallen and risen up until 2011 and dropped to 18% in 2012. * Operating Profit Margin: The operating profit margin dropped from 6% in 2008 to 3% in 2009. It stayed constant at 8% from 2010 to 2011 and slightly fell to 7% in 2012. * Inventory Turnover: The inventory turnover rose from a 3.90% in 2008 to a 4.03% in 2009 and dropped during 2010 and 2011. The ratio slightly increased in 2012. * Current Ratio: The current ratio went from an 84% in 2008 to a 1.07% in 2009 and has gradually increased during the next few years. * Quick Ratio:...
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...Introduction Corporate financial systems represent the business analysis phase of a company. Large companies -- particularly publicly held companies -- use a financial system to help assess financial performance. In some cases, the corporate financial system is a bridge between accounting and management. Rather than focusing solely on the preparation of financial information, financial systems look to gauge performance and make forecasts. Many different financial activities fall under the corporate financial system. Budgets, sales forecasts, profitability measurements, cash flow management, financing decisions and capital structure are just a few of the most common. The department's core purpose is to measure how well the company generates cash and what financing options will result in the best opportunities for growing the business. Individual analysts often make suggestions to management on the best investment opportunities for the company. The corporate financial system often operates under the responsibility accounting theory. This dictates that a business should place individuals in charge of activities under their direct control. For example, one manager may be responsible for budgeting and cash-flow forecasting. Another manager is over capital structure and another over business valuation. This segregation allows each manager to focus on increasing the value added from their section of the department. The aggregate value added is the result of all managers working...
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...Introduction This report had been done by identify the financial performance of the Samsung company, which using ratio analysis regarding the profitability, liquidity, efficiency, gearing as well as the investor ratio. For instance, through this report, it can determine the earning power, liquidity and how wells that the Samsung company manage their inventory and debts. Furthermore, it also provides some explanation on the prospects of the company and makes comment on the company for the observed change. Limitation and recommendation also been discusses in the report in order to improve the performance for the Samsung company as well as able to achieve competitive advantages. Samsung can know as one of the largest multi-billion dollar corporations in the world. Over these 70 years, Samsung has devotes one's mind to make a better world through diverse businesses that today span advanced technology. In addition, Samsung Electronics has grown to become one of the world's leading electronics companies, specialising in digital appliances and media, and system integration. Nowadays, Samsung's innovative, top quality products and processes are world recognised. The major milestones in Samsung's history which had revealing that how the company expanded its product lines, grew its revenue and market share, and has achieved its mission of making life better for consumers around the world. Through innovative, reliable products and services, talented employees that adopted by the...
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...Assignment 3: Fraud in the AIS Ditanyan Patterson Jay E. Wright, CPA, CFE Strayer University ACC.564 August 17, 2014 Abstract After researching for a firm that was involved in a fraud and/or embezzlement case I came upon the embezzlement of Koss Corp. Koss Corp was a company in Milwaukee, Wisconsin that manufactured stero headphones, speaker phones, computer headsets, wireless headsets, and much more. The case of Koss came about because of inaccurate financial ststements, books and records, and the lack of adequate internal controls from the years of 2005-2009. Two of Koss former employees, Sujata Sachdeva and Julie Mulvaney were the ones to engage in a wide-range of accounting fraud to cover up Sachdeva's embezzlement scam. From the lack and inadequate internal controls and failures in overseeing the accounting and financial reports by the CEO and CFO they were able to embezzle a huge amount of money. Throughout my research I will write a paper in which I must assess the failures of the firms accounting information system to prevent the related fraud/ embezzlement; Also, evaluate the effectiveness of Koss stakeholders in the event that a third-party accounting system suffers a breach. Along with assessing the level of responsibility of the software provider to the business and their clients. This paper will determine what advances in accounting and/or information technology could have done to prevent such acts from occuring, the paper will give changes that should...
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...Background Financial Statement includes the Balance Sheet, Income statement and other statement which determine the company’s performance. Financial ratio analysis is the calculation and comparison of ratios which are derived from information in company’s financial statements. Financial ratios are the analyst’s microscope. It allowed them to get a better view of the firm’s financial health than just looking at the raw financial statements. BRIEF HISTORY Square Pharmaceuticals Ltd. is a renowned company in Bangladesh. It is a flagship company in the pharmaceutical industry which has reached this mountain of success by fighting many potential competitors like BEXIMCO Pharma, INCEPTA, ACME, RENETA, OPSONIN, SK+F, SANOFI-AVENTIS etc. It initially started as a Partnership in 1958. It was incorporated as a Private Ltd. Company in 1964 and converted into Public Limited Company in 1991. Its initial public offering started in Dhaka and Chittagong stock exchange simultaneously in 1995. Their mission is to produce and provide quality & innovative healthcare relief for people, maintain stringently ethical standard in business operation also ensuring benefit to the shareholders, stakeholders and the society at large. Vision They view business as a means to the material and social wellbeing of the investors, employees and the society at large, leading to accretion of wealth through financial and moral gains as a part of the process of the human civilization. Mission Their Mission...
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...Financial Summary Report Toreka Lewis BUS 599 Introduction to Quantitative Principles Dr. Harrison Green September 12, 2011 This summary seeks to explain financial transactions that have occurred during Season One and Season Two of the operation of the Lemonade Stand. The owners have combined the data in effort to fairly and accurately present a financial picture for the Lemonade Stand. Financial Position Summary Income Statement: the earnings from Season One and Season Two were not favorable. The number of units sold did not remain fairly consistent across the two seasons, but expenses were minimal during Season Two. Balance Sheet: the stand’s liabilities remained low in both seasons. They took more risks which resulted in decreased revenue in Season Two. Return on Equity: the stand was profitable in both seasons of operation. The stand has generated a good return on the investment. Return on Assets: the ROA indicated that wise choice in allocating resources were achieved and remained the consistent with Season Two. Profit Margin: the stand is maintaining its ability to control its cost by hereby sustaining profitability. Current Ratio: the stand remains positioned to pay its financial obligations. The financial health is good. Cash Ratio: the cash ratio decreases in Season One because of the instability of the stand, but increased in Season Two, the creditors may proceed with caution. Debt Ratio At this time, the stand is at risk. Debt-Equity Ratio: based...
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