Facebook Pixel Code
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Accounting project

This is a preview of the 6-page document
Read full text

Hence, mnagement accounting is an integral part of any organization. Cnadian Imperial Bank of Commerce (CIBC), Cnadian Tire and Wal-Mart Canada are three of the large organizations operating their business activities in Canada. Sme of the key management accounting practices followed by these three companies has been discussed in this study. CBC is involved in the business of providing different kinds of financial services to various individuals, crporate, ec. i Canada and outside. I has in offer both retail and wholesale banking products for its clients. CBC is Toronto and was founded in the year 1867.

Tere has been a recent change in the organizational structure of CIBC in the year 2011. A of now CIBC has three Strategic Business Units (SBUs), nmely Retail Banking, Wolesale Banking and Wealth Management. Ech of these SBUs is considered to be the profit centers of the company. Te treasury activities associated with each of these SBUs have an impact on its financial performance. Te revenue performance of each of the SBUs are affected because of the policy of using cost based on market prices adopted by the companys management.

Tansfer pricing system is also prevalent in CIBC (CIBC, 2012, pIf we look at the overall cost structure of CIBC, i can be found that it has both interest and non-interest expenses. Te interest expenses of the company mostly include interest on deposits. O the other hand its non-interest expenses include employee benefits and compensation, ocupancy costs, avertising costs etc. I addition to this the company has a provision for credit losses. Te provision for credit losses were down 20% 2011 when compared with the year 2010.

Crd fees for the company went down significantly in the year 2011 because of high volume of securitization activities undergone by the organization. Te non-interest expenses of the company went up by 5% in 2011, a compared to the year 2010 (CIBC, 2012, pThe net income of CIBC for the year 2011 and 2012 were $3,079 million and $2,452 million respectively. Sme of the business activities followed by the company that had a significant impact on the profit figures of company are follows: Te company is engaged in the business of credit run-off which has contributed a loss of $170 million for the. ..

This is a preview of the 6-page document
Open full text

Related Topics

Close ✕
Tracy Smith Editor&Proofreader
Expert in: Finance & Accounting, Management, E-Commerce
Hire an Editor
Matt Hamilton Writer
Expert in: Finance & Accounting, Human Resources, Business
Hire a Writer
preview essay on Accounting project
WE CAN HELP TO FIND AN ESSAYDidn't find an essay?

Please type your essay title, choose your document type, enter your email and we send you essay samples

Contact Us