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Easyjet Plc Financial Report Analysis (Report) Essay Example

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Easyjet Plc Financial Report Analysis (Report)

Indeed, the company continues to advocate for legal reforms that will introduce more slots in the handling of airport ground operations, a move that will increase competition and increase efficiency. The company continues to operate under the European Union regulatory guidelines, and the subsequent improvement in the infrastructure in the region has benefited EasyJet PLC’s operations.Contemporary organizations thrive or fail depending on the capabilities of its management team to steer the organization in the right direction (Morck, 2000, p. Given the case, there is great need for the managers to account for the decisions, policies as well as the performance of the organization. Indeed, most companies and EasyJet PLC in particular, point the accountability of the management to the board of directors. On these grounds, the board requires that the manager is responsible with the operations of the corporation, and ensures that all the stakeholders in the business are treated fairly including clients and employees. It is of paramount importance to most organizations and helps companies hit targets by being responsible for its core duties (Harrington, 2003, p.Accountability in decision-making is crucial for managers, as the process requires discipline and ethics in coming up with sound decisions. The ability to make good decisions determines the success of modern companies and the management is accountable for any decisions that it makes (Morck, 2000, p. Indeed, EasyJet PLC’s critical decisions have first to be verified by the company’s board of directors. The results of such decisions are further tabled before them to determine the effectiveness of the decisions and to what extent they give the company a competitive advantage when implemented.The company’s accounts, income statement details the organization’s income generating activities first. This includes items such as the revenues from operations, the profits for the period and any other interests that are earned by the company. Further, the appropriations of the revenues are done in terms of operating expenses, where various items such as tax payable are included. The items above are used to get the amounts of profit that are appropriated to the shareholders, which are indicated in the statement. The last part gives the performance of the company’s shares in terms of ratios for the three years.The balance sheet is logically structured, with the

References

Blake, D. (1999). Financial analysis. London: McGraw-Hill Book Company.

Easyjet Case Study: a Low Cost Approach to Customer Service. (2004). Flushing: Datamonitor Plc.

Harrington, D. R. (2003). Corporate financial analysis: Decisions in a global environment. Homewood, IL: Business One Irwin.

Hawkins, D. F., & Hawkins, D. F. (2006). Corporate financial reporting and analysis. Homewood, Ill: D. Jones-Irwin.

Helfert, E. A. (2001). Techniques of financial analysis. Homewood, Ill: Irwin.

Morck, R. (2000). Management ownership and corporate performance: An empirical analysis. Cambridge (1050 Massachusetts Avenue, Cambridge: National Bureau of Economic Research.

Muro, V. (2005). Handbook of financial analysis for corporate managers. New York: AMACOM.

Norton, C. L., & Diamond, M. A. (2010). Intermediate accounting: Financial reporting and analysis. Boston: Houghton Mufflin.

Oksanen, H. (2009). Pension reforms: an illustrated basic analysis. Brussels: European commission.

Rodgers, P. (2007). Financial analysis handbook. Oxford: Elsevier.

Warren, C. S., & Reeve, J. M. (2010). Corporate financial accounting. Cincinnati, Ohio: South-Western.

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preview essay on Easyjet Plc Financial Report Analysis (Report)
  • Pages: 7 (1750 words)
  • Document Type: Essay
  • Subject: Marketing
  • Level: Undergraduate
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