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Finance & Accounting Essay

Case study
Along with these products, BP is also a major player in chemicals and solar power among others (Christiansen, 2002).In the year 2010, BO Plc faced a major accident that is “Deepwater Horizon Accident” which was caused due to a gas release and a consequent explosion happened on the Deepwater Horizon oil rig particularly in Gulf of Mexico. The fire continued to spread rapidly before the rig sank and as a result the oil leaked continuously into the Gulf of Mexico before the oil containing well
Pages: 6 (1500 words), Essay
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Critically analyse Becks theory of Risk Society in relation to other contemporary theoretical approaches to societal risk.
He furthers his stance by saying that many potential risks are extricated from the concepts of boundaries and so these risks cannot be equitably distributed. Everyone therefore is equally at risk. Hence the concept of social classifications identified by the historical sociologists are no longer relevant according to Beck because risks cannot be equitably distributed and so all social classes are dissolved leading to individualization of the social actors.According to Beck since all countries
Pages: 10 (2500 words), Essay
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Country eisk analysis
As mentioned earlier Morocco population stands at approximately 34 million people according to 2012 government records. Having been inhabited back in the Paleolithic times, most of the citizens are either Arabs or Berbers with the latter ethnic group forming the bulk of the population. Other ethnic groups that form part of the population include Haratin and Gnaoua. Additionally, the country is inhibited by more that 100,000 foreigners including Spanish and French who have invested in various
Pages: 6 (1500 words), Essay
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Chandler, in his Introduction to The Visible Hand (1977), argues that a new form of management was developed around 1850, combining a line-and-staff structure with processes of administrative co-ordination, and that this new form of management
Markets were said to be controlled by the invisible hand because only independent merchants and middle men could coordinate production and distribution. The merchants had a wide range of skills and there was lack of specialisation.Chandler argued that vertically integrated corporations emerged in the United States to replace the existing local and fragmented structure of production and distribution. This was greatly influenced by improvements in transportation and communication which increased
Pages: 5 (1250 words), Essay
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Create a strategic financial plan for a non-government organisation (NGO) over the next 3 years.
Jacquie Cheung is very handy in operating over all sites in an effort to enhance the systems of reporting which has rapidly improving the financial, operational logging and mechanisms of reporting. The organizational new compliance officer is Jonathan Barlow who has a Masters in political economy of late development from the prestigious London school of economics. He has a vast experience through his extensive travel over the Sub-Saharan nations. Significantly, Jacque who has since taken over
Pages: 7 (1750 words), Essay
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Compare and critically evaluate ring-fencing and total separation approaches to banking regulation
Secondly, ring-fencing aims at making it easier and less costly in resolving banks. Thirdly, this approach controls incentives for excessive risk-taking. Apart from the three main objectives of ring-fencing, this approach offers several benefits such as insulating vital UK retail bank services from global financial crises, it allows for an easier monitoring of banks under ring-fencing and in a much transparent way. The other possible benefit is its ability to promote competitiveness because UK
Pages: 4 (1000 words), Essay
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Corporate Financial Management
The chair, Sir Roy Gardner, reiterated that the group’s overall core strategy remains unchanged as it remains centred on foodservice and support service business with a very high rate of growth rate.Compass Group serves the needs of people by offering high quality, well balanced, and nutritious food. This refreshes peoples’ tired minds, reenergises peoples’ productivity, enhances the concentration of students at school, and offers the right diet for invalids and convalescents in
Pages: 9 (2250 words), Essay
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Create a Balanced Scorecard and Strategy Map for the company (TESCO)
This enables Tesco as a company to link to the business opportunities in countries abroad.From the summary of the performance of Tesco, it plans to embark on expansion of its commercial operations with the hope of increasing its net trading profit by 10 %. This follows the previous year’s fall in the profits by 7. It therefore plans to introduce at least one hypermarket every week. operates with a vision to become the preferred retail outlet in the whole world. It aims at being the preference
Pages: 10 (2500 words), Essay
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Connecting the Production Multiple: Accounting as a Fluid Technology
The study provokes continuous search for manifest and absence objects. In order to search for the two types of presence, it is vital to follow the outcomes of representation. This means that researchers must follow circulating references rather than single chains of circulating references. The researchers are also motivated by the need to explore the impact of the two objects, accounting and production, on accounting studies (Yu & Mouritsen, 2014, p. Previously accounting was considered as a
Pages: 5 (1250 words), Essay
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Corporate Financial Reporting and Taxation
From this analysis, it can be concluded that the level of operational efficiency for IP group was high due to the effective cost management strategy. & Kumar R. Financial analysis for management decisions, pp.Net profit margin before tax – this ratio shows how well a company manages its operating expenses. The higher the ratio, the lower the operating expenses of a company. The opposite is true. Concerning the IP group, the net profit margin before tax for 2012 was 77. The interpretation of
Pages: 6 (1500 words), Essay
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Cost Management
Also, the different dimensions of quality and costs are mapped.The main purpose of the article is to formulate and implement a framework that can be used to assess and analyze the efficiency and effectiveness of knowledge management in different organizations as a corporate strategy for creating competitive advantage (Silvi and Cuganesan, 2006).The research is exploratory in nature. The data collection is done from four Italian firms operating in the manufacturing and services industry. The key
Pages: 4 (1000 words), Essay
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Current issues in finance
It is a key aspect of corporate governance where the government for the sake of growth and development decided to break China telecom into different parts. The main idea of the Government to provide more focused corporate governance to different sector of the communication. Each and every group was assigned with their focused tasks. Telephone services were handed over to China Telecom. China Unicom was given the responsibilities of paging business. China Mobile for mobile services and China
Pages: 5 (1250 words), Essay
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Compare Rule 101of the Sarbanes-Oxley Act (SOX, 2002) and Standard 1100-Independence and Objectivity.
Financial expertise, independence and monitoring are also covered under different titles of the act. It is expected that the act will improve the manner in which audits are performed and improve financial disclosure, thereby preventing accounting fraud. One of the most important rules established under the section is that which is in respect of auditor independence. Various sections in respect of auditor services and rotation have also been discussed vividly. The rules established under the
Pages: 10 (2500 words), Essay
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Corporate governance
However, public debates can only rise if the information catches the watchful eye of an interest group, journalist, or activists, who may stimulate the forum to hold the agency into account.Accountability is closely related to accounting in the sense of bookkeeping. However, accountability is distinguished from mere accounting. However, accountability calls for more participation and openness of a wide range of stakeholders. It is retrospective in nature. Actors are required to account to a
Pages: 6 (1500 words), Essay
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Corporate governance
Eventually, this led to the bankruptcy as the company executives continuously misled the audit committee and board of directors on matters concerning high-risk practices of accounting. Further, they also pressured their auditors, Arthur Andersen, to ignore such matters. Enron reported the entire value of all trades it conducted as revenue as opposed to reporting the cost of the products as the cost of goods sold and selling price as revenue (Salter 2008, p. This aggressive approach to
Pages: 11 (2750 words), Essay
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Company Project Report
As was mentioned earlier, the company has a new business model that it hopes to make its vision a reality. The management team formulated new strategies to minimize the operating costs, develop a strong balance sheet and reduce the company’s risk profile. In addition, the existence of new leadership team with diverse talents is another critical factor to consider. The company adopts the framework provided by the U. GAAP in the preparation of the financial statement. The conceptual framework
Pages: 10 (2500 words), Essay
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Cost-Benefit Analysis
By so doing, the Engineers developed systematic criteria for measuring both the benefits and the costs and they did this without assistance from economic professionals. It was until the 1950s when the economists constructed rigorous and consisted ways of measuring the benefits and costs of a policy to determine its worth (Hahn 2010).To determine or conclude the desirability of a project, there must be a bottom line; there must be a common unit from which the aspects of the project are expressed
Pages: 10 (2500 words), Essay
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Contemporary Asset Management, in a Boutique and a Conglomerate Essay title: What is the role of technology in the asset management industry, and what is the implication of its advancement for the industry's future?
Or big corporations, but also paved way towards the upward economic mobility of the asset managers obligated to manage the assets of their clients.This paper would present a review of the ways in which use of technology has somewhat altered and modernized the asset management industry from inside out. It will also bring to light possible contours of the future of technology use in the asset management industry and hence also hints towards the adaptations the whole industry and its practitioners
Pages: 12 (3000 words), Essay
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Contemporary issues in development finance
Analysing the cases of courtiers with sound tend of economic development, it has been identified that development finance has worked as a driver of economic growth in those countries. The system also strives for better risk management that helps the vulnerable group of the society to obtain opportunities for enhancing their productivity and expands the investment avenue so that the group can generate higher income. Development finance facilitates the growth of small and medium-sized enterprises
Pages: 14 (3500 words), Essay
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Cash flow analysis
The financial statement provides information regarding the prospect earnings capacity of a corpoartion’s assets over and above an indication of cash flows which might come from inventories and receivables . the figures in the table is in USD $ in millions and was adopted from Microsoft Corporation, the annual reportsRatio analysis for this period was done to get an indication of the company’s financial performance in specific areas such as profitability, liquidity and leverage ratios. This
Pages: 15 (3750 words), Essay
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