Premium Essay

Financial Post

In: Business and Management

Submitted By delosj2
Words 3487
Pages 14
Articles from financial post

Wal-Mart Stores Inc suppliers feeling the pinch from extended payment terms

Republish Reprint

Hollie Shaw | September 14, 2015 9:52 AM ET
More from Hollie Shaw | @HollieKShaw

Beth Hall/Bloomberg NewsNew warehousing fees introduced by Wal-Mart in the U.S. have some suppliers considering lawsuits. * * -------------------------------------------------
Twitter
------------------------------------------------- * -------------------------------------------------
Google+
* -------------------------------------------------
LinkedIn
* -------------------------------------------------
Email
* -------------------------------------------------
Typo?
* -------------------------------------------------
More
TORONTO — Wal-Mart’s suppliers may balk at paying new warehousing fees or extended payment terms imposed by the retailer’s U.S. division, and some will have to seek financial help to get through the time crunch, experts say — but it’s unlikely any of them will want to stop doing business with the world’s biggest mass merchant.
Wal-Mart Stores Inc., the parent company of retail chain Walmart Canada, announced the measures in June and a report last week suggested some U.S. suppliers would seek legal recourse against what they deem to be unfair measures by the retailer.
Wal-Mart told 10,000 suppliers to its U.S. stores about the fees and other changes to vendor agreements in mid-June, according to a Bloomberg report. The changes included asking the vendors for fees to use its distribution centres, warehouses and to secure shelf space in new stores and, in some cases, extended the amount of time Wal-Mart would have to pay suppliers.
It isn’t going to always be easy for our suppliers. Change isn’t easy
Several vendors are hiring lawyers in a bid to reverse or amend the terms, Bloomberg News reported, and some hope to use…...

Similar Documents

Premium Essay

Tranformational Changes in Indian Financial System Post 1991

...Financial System is a system that allows the transfer of money between savers and borrowers. It helps in transferring of surplus amount of money from the savers to the borrowers who need money, which helps savers to earn on their investments, and this similarly helps the borrowers to fulfill the need of the money. A financial system helps promotes the wellbeing and also helps in improving the living standards of people. Lets start with the Capital Market in India first. Capital Market is a market in which individuals and institutions trade financial securities. The securities are sold off and bought in capital market for raising the funds (Investopedia, 2013). Capital Market includes both primary and secondary market. Capital market helps in proper channelization of funds and helps raising long- term funds. This kind of market is a continuous market and provides variety of services. The market where new securities are bought and sold for the first time is known as Primary Market. Types of issue in Primary Market may be through public offer (where shares are offered to general public), bonus issue, Follow- on public offers, private placement (intermediaries sell shares to selected clients at higher price), right offer (shares are offered to existing shareholders) etc. It helps in providing additional capital to issuer companies. Secondary Capital Market is a market where existing securities are bought and sold. Secondary market offers liquidity, which encourages even those......

Words: 2509 - Pages: 11

Premium Essay

A Study on Pre & Post Performance Evaluation of Merger and Acquisition of Selected Indian Banks.

...SECTOR: A STUDY OF SELECTED BANKS Komal Gupta* Abstract: In the present era of global economy, Mergers most widely used business strategy restructuring greater market economies share, long term of corporate profitability, entering of scale etc. The present paper evaluates on the financial is conducted performance and Acquisitions have become the and strengthening new markets, capitalising the effects of merger and acquisitions to analyse the effectiveness on the banks. Two cases of merger and acquisitions of mergers and acquisitions have been taken randomly the study, first the merger of ICICI bank and The Bank of Rajasthan, Bank of Punjab. The results of the study indicate positive and acquisitions on the financial as sample for and second the merger of HDFC bank and Centurion of mergers on of the selected banks in India. Pre and post merger comparison on selected variables impact to achieve performance that there is a of the selected banks. Key Words: Mergers and acquisition, Banking, Financial Performance, Financial Ratios, Synergy. *Assistant Professor, Maharaja Agrasen College, Delhi University Vol. 4 | No. 3 | March 2015 www.garph.co.uk IJARMSS | 94 International ISSN: 2278-6236 Journal of Advanced Research in Management and Social Sciences Impact Factor: 4.400 INTRODUCTION Growth is......

Words: 5897 - Pages: 24

Premium Essay

Hsm 260

... |Financial Management for Human | | |Service Managers | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Martin, L. (2001). Financial management for......

Words: 1882 - Pages: 8

Premium Essay

The Quality of Financial Reporting After the Passage of Sarbanes-Oxley a

...The Quality of financial Reporting after the passage of Sarbanes-Oxley Act Dr. Hassan Ahmed Assistant Professor at Cameron University     Abstract The complexity of business environment necessitates a set of required disclosures in a timely fashion. The full disclosure principle under U.S. GAAP is based on a vague definition that cannot be clearly implemented. The cost of disclosures can be significantly large and can have a negative impact on companies’ future earnings (small businesses). The purpose of this article is to examine the disclosure establishment of pre and post Enron, the effect of those disclosures on both corporations and on potential investors and to examine whether financial reporting quality improved with the passage of SOX. A total of 360 audited annual financial statements of the 500 fortune companies were selected. The paper will specifically concentrate disclosures on financial statements, Notes, supplementary (required or voluntary), and other expanded disclosures required by the SEC. The findings will shed light on our understanding about the intended and unintended consequence of SOX. 1.0 Introduction/Literature Review The purpose of SOX Act is to increase corporate transparency and accountability (Friedman, The Business Forum). Though SOX did not address the full disclosure required by the FASB, it simply expanded disclosures by establishing responsibilities. The company’s Chief Executive Officer (CEO) and Chief Financial Officer......

Words: 2960 - Pages: 12

Premium Essay

Business, Accounting, and You

...goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: ■ Balance sheet ■ Income statement ■ Statement of retained earnings ■ Post-closing trial balance The financial statements must be created in one Microsoft Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading. INSTRUCTIONS Read the following instructions thoroughly before beginning your work. This will help you to become familiar with what is involved in the project. Some students start on the project right away, thinking they’ll save time. Those students tend to get stuck and spend more time working through the project than is necessary. The material you need to know in order to complete the project has been covered in the textbook and the assigned exercises and problems. If you understand the chapters and completed the assigned homework problems, you should have no problem with the project. The project is to be done by hand with a pencil and paper. Use the blank forms provided. At the end of the project, you’ll be given instructions for creating and uploading the financial statements in a Word or Excel file for grading. 27 Graded Project Graded Project Note: The formatting of financial statements is important. They follow Generally Accepted Accounting Principles (GAAP), which creates a uniformity of financial statements for analyz- ing. This allows for an......

Words: 2416 - Pages: 10

Premium Essay

Business Law

...can be revenues or liabilities or equity. |Exercise 3.4 | |Normal balance and classification in financial statements | | | | | | | | | LIGHTFOOT DISTRIBUTION SERVICES Required: Show whether the normal balance is a debit or a credit. Indicate whether the account would appear in the balance sheet/statement of financial position or in the income statement, and under what classification, e.g. liability, asset, equity, income or expense. |LIGHTFOOT DISTRIBUTION SERVICES | | |Item |Normal Balance |Statement | |1. |Telephone Expense | Debit |Income statement (expense) | |2. |Unearned Service Fees | Credit |Balance sheet/Statement of financial position | | | | |(liability) | |3. |Prepaid Advertising | Debit |Balance sheet/Statement of financial position | | | | |(asset) ......

Words: 977 - Pages: 4

Premium Essay

Brand

...June 2010 The Cost of Post-Secondary Education Today, it is common knowledge that pursuing a post-secondary education can cost students a small fortune. Consequently, a growing number of prospective attendees are discouraged from enrolling in college and university. Additional restraints include pressures caused by the application process itself, as well as program requirements. When the average cost of a since year is approximately $14,500. Ultimately, it is no wonder that so many people face a major dilemma. The high cost of post-secondary education is especially a problem for under-privileged groups, as it causes extreme levels of financial stress for those who do attend. Most parents encourage their children to attend post-secondary school, which may or may not be linked to family history at certain schools. Various studies have examined the relationship between parents’ schooling and students’ post-secondary participation. For instance, the chart titled, “Proportion of Young Adults Who Pursue College and University Studies By Parental Education Attainment”, illustrates 2005 data gathered by Statistics Canada, which reveals that the majority of students who went to college had parents with college credentials (40%), others had parents with only a high school education (36%) or a university degree (31%) (Canadian Council on Learning). Figures are different for university students, since as much as half (50%) had parents with university credentials, 27%......

Words: 1188 - Pages: 5

Premium Essay

Ifrs Gaap Pension

... Is the Difference in Accounting Treatment of Post-Retirement Benefits under IFRS Beneficial or Detrimental to the Financial Position of a Company Currently Reporting Under US GAAP? Megan N. Cook, CPA, CFE Accountancy 521 Professor Lawrence March 9, 2009 The first pension plan offered by an American employer was that of American Express in the year 1875. Amex’s plan did not resemble the plans that we see in today’s time; the first “modern” defined benefit plan was created in 1940 by the automotive behemoth General Motors. These plans of the past still do not resemble plans that we are familiar with today. In the past, employers could exercise a “pension put” option and, in essence, close the plan down at the current level of funding and turn the assets over to the retirees. This is not an optimal situation, as many plans at the time were severely under funded and retirees would be left with pennies on the dollar of what they were counting on for retirement. (Fortune, 2005) Post-retirement benefits are volatile on a couple of different fronts; up until the reforms in 1974 which created ERISA and the PBGC, employees had to put blind faith in their employers to secure their futures after their working years were over. (Fortune, 2005) On another front, these benefits pose a significant accounting problem – how should a company account for the costs and liabilities associated with these benefits they had to give their employees at a later and relatively......

Words: 2667 - Pages: 11

Premium Essay

Business Post Group

...TRAINING PROJECT REPORT OF BUSINESS POST GROUP COMPANY PERFOMANCE CASE STUDY: THE PERFORMANCY OF BUSINESS POST GROUPCOMPANY NAME: KIBONA, HEZRON. REG NO: IMC/BAC/13/75086 SUPERVISOR: SWEDI, ZAKARIA. Table of Contents ACKNOWLEDGEMENTS IV ABTRACT V DECLARATION VI CHAPTER ONE 1 INTRODUCTIONS 1 1.1Brief Overview of the Project of Business Post Group Company 1 1.2 Brief Background 1 1.3 The Formation of Business Post Group Company. 2 1.4 Present Status 2 1.5 THE COMPANY ANALYSIS OF BUSINESS POST GROUP. 3 1.6.1 Business Activities 3 1.6.2 Listing 3 1.6.3 Form of Financing 3 1.6.4Market 4 1.6.5 Group Structure (if multinational company) 4 1.6.6Market Capitalization 4 CHAPTER TWO 5 2.0 BUSINESS POST GROUP (UK MAIL GROUP PLC) SHARE PERFORMANCE FOR YEAR 2011, 2012, 2013 and 2014. 5 2.2THE USEFULL INFORMATION OF ANNUAL REPORT 6 CHAPTER THREE 7 3.1Liquidity Ratios 7 3.1.1 Current Ratio 7 3.1.2 Acid test (quick) Ratio 9 3.1.3 Cash Ratio 10 3.2 PROFITABILITY RATIO 12 3.2.1 Return on Capital Employed (ROCE) 12 3.2.2 Return on Shareholder’s Equity (ROE) 13 3.2.3 NETPROFIT MARGIN 3.3EFFICIENCY RATIO 17 3.3.1 INVETORY TURNOVER 17 3.3.2 AVERANGE/ RECEIVABLE COLLECTION PERIOD 18 3.3.3 CREDITORS PAYMENT PERIOD 19 3.4 FINANCIAL STRUCTURE 21 3.4.1 EQUITY RATIO 21 ...

Words: 7402 - Pages: 30

Premium Essay

Hsm 260

... |Financial Management for Human | | |Service Managers | Copyright © 2009, 2007 by University of Phoenix. All rights reserved. Course Description This course focuses on conceptual understanding and practice of financial management as it applies to human service agencies. Students complete the course with a better understanding of basic accounting concepts, budgets and budgeting systems, how to create performance measures, and the ability to analyze financial statements for the purpose of cost analysis and forecasting. Aspects of setting fees, funding, and risk management are also covered. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Martin, L. (2001). Financial management for......

Words: 1862 - Pages: 8

Free Essay

Bank Merger

...akpinsight.webs.com Merger and Acquisitions (M&As) in the Indian Banking Sector in Post Liberalization Regime Dept. of Commerce, AMU, Aligarh India Azeem Ahmad Khan ABSTRACT The purpose of this paper is to explore various motivations of Merger and Acquisitions in the Indian banking sector. This includes the various aspects of banking Industry’s Merger and Acquisitions. It also compares pre and post merger financial performance of merged banks with the help of financial parameters like Gross-Profit Margin, Net- Profit Margin, Operating Profit Margin, Return on Capital Employed (ROCE), Return on Equity (ROE) and Debt-Equity Ratio. Through literature review it comes to know that most of the work done high lightened the impact of Merger and Acquisitions on different aspects of the companies. The data of Merger and Acquisitions since economic liberalization are collected for a set of various financial parameters. This study also examines the changes occurring in the acquiring firms on the basis of financial ground and also the overall impact of Merger and acquisitions (M&As) on acquiring banks. The Researcher used independent t-test for testing the statistical significance and this test is applied not only for the ratio analysis but also to test the effect of Merger and Acquisitions on the performance of banks. This performance is being tested on the basis of two grounds i.e. Pre merger and Post merger. The result of the study indicates that the banks have been......

Words: 8019 - Pages: 33

Premium Essay

Final Project Pepsico vs Coca-Cola

... | | |Financial Accounting Concepts and Principles | Copyright © 2010, 2009 by University of Phoenix. All rights reserved. Course Description This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on the enterprise. Financial information is examined from the perspective of effective management decision making with special emphasis on the planning and controlling responsibilities of practicing managers. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2008). Financial accounting (6th ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website. |Week......

Words: 2914 - Pages: 12

Premium Essay

Accounting

...Abstract The accounting cycle is a series of steps repeated in a reporting period. The account cycles consist of nine steps. The series of steps are analyze business transactions, journalize business transactions, post a business transaction, prepare a trial balance, journalize-post adjusting entries, prepare an adjust trial balance, Prepare financial statements, closing account, and post closing trial balance. Each steps has its own purpose to allow the accounting cycle to function and be able to prepare financial statements based on this procedure. The accounting cycle can be explained in a series of more steps, but this the account cycle in a nine step series. Accounting Cycle Explained in Nine Steps The Accounting cycle is specified as a series of nine steps used to gather and process financial information during a reporting period. The nine steps in the accounting cycle are analyzing business transactions, journalize transactions, post to ledger accounts, prepare a trial balance, post adjusting entries, prepare a adjusted trial balance, prepare financial statements, post closing entries, and prepare-a post closing trial balance. The accounting cycle is repeated in each reporting period, which involves recording transactions in order to prepare financial statements such as an income statement, statements owner’s equity, and a trial balance for proper external and internal decision making. The accounting cycle can be specified in more than nine steps if......

Words: 342 - Pages: 2

Free Essay

Accounting Cycle

...Record c. Communicate III. Accounting Cycle d. Analyze Transactions e. Journalize the Transactions f. Post to Ledger Accounts g. Prepare a Unadjusted Trial Balance h. Journalize and Post Adjusting Entries i. Prepare an Adjusted Trial Balance j. Prepare Financial Statement k. Journalize and Post Closing Entries l. Post-Closing Trial Balance m. Optional Reversing Entries IV. Conclusion While not having an accounting cycle for the business can possibility hurt the company, following the accounting process and steps will help with the accounting procedure. Many organizations will have accounting established to process all the business revenues and expenses. To have a successful business people follow the accounting actions of identify, record and communicate the daily transactions of the company. After the actions are completed then the company will go through the process of the accounting cycle. There is a ten step accounting cycle that business owners can go threw to show the revenues and expenses. Collect data, analyze the transactions, record transaction to journal, post from journal to ledger, prepare unadjusted trial balance, record adjusting entries to ledger, prepare adjusted trial balance, prepare financial statement, close temporary accounts, and lastly post-closing trial balance. Accounting in Action Accounting is a system that businesses use for all of the revenue transactions......

Words: 834 - Pages: 4

Premium Essay

Graded Project

...to create the following financial statements for J & L Accounting, Inc.: ■ Balance sheet ■ Income statement ■ Statement of retained earnings ■ Post-closing trial balance The financial statements must be created in one Microsoft Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). The Word or Excel file will be uploaded for grading. INSTRUCTIONS Read the following instructions thoroughly before beginning your work. This will help you to become familiar with what is involved in the project. Some students start on the project right away, thinking they’ll save time. Those students tend to get stuck and spend more time working through the project than is necessary. The material you need to know in order to complete the project has been covered in the textbook and the assigned exercises and problems. If you understand the chapters and completed the assigned homework problems, you should have no problem with the project. The project is to be done by hand with a pencil and paper. Use the blank forms provided. At the end of the project, you’ll be given instructions for creating and uploading the financial statements in a Word or Excel file for grading. G r a d e d P r o j ec t G r a d e d P r o j ec t 28 Financial Accounting Note: The formatting of financial statements is important. They follow Generally Accepted Accounting Principles (GAAP), which creates a uniformity of financial statements for......

Words: 2969 - Pages: 12