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Finance & Accounting Essay

If accounting is to retain any credibility-and without credibility it is worthless - its guiding light must be neutrality in financial reporting (David Solomons, Accounting and social change: A neutralist view, Accounting, Organizations and Society,
The information has to be neutral i. avoid influencing a decision or issuing a judgment for the accomplishment of any pre-determined objective. The display of transactions faithfully in the primary elements, which ensures the credibility of the information, provided in the statements. This ensures a balance between the information provided numerically and in a described manner concerning the information’s inductive phenomena. For the sake of the generation of faithful information, there has
Pages: 6 (1500 words), Essay
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Developing a conceptual framework is an impossible possibility
Requires that the conceptual framework k should be backed with factual examples touching on the daily happenings in different institutions (Bhimani, 2005 p.What we have discussed in the above statement does not mean that there exists clear and express report of the research problem. However, it is important that research structure should demonstrate impliedly or expressly some issue which are hypothetical in nature and also reveal which other information so required.To avoid misleading ideas on
Pages: 7 (1750 words), Essay
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Case Study based on key reading.Strategic Management
PESTEL analysis can also guide the company on the direction that they should take in avoiding failure or losses. However, undertaking the PESTEL is tedious and may be ineffective to large organisations. The framework is also limiting because it only focuses on the external environment of the company.The company has numerous competitors in the industry, especially the well established multinational companies such as Lafarge S. and Holcim Ltd. In 1990, the market was dominated by large companies
Pages: 9 (2250 words), Essay
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International accounting
Main competitors are Asia Food & Properties Limited, Nissin Food Products Co and Universal Robina Corporation.The main aim of the financial statements is to give information about the economic position, economic performance, and position of cash flows, which is further related with a broad range of customers in order to make effective financial decisions. The aim with IFRS is to create global evaluations as simple as possible. This is complicated because, to a great extent, each state has its
Pages: 4 (1000 words), Essay
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Managing Financial Resources in Health and Social Care
Finance is the lifeblood of any organization. The financial management, until the period of 1960s, was considered to be of a descriptive nature in all industries along with its key role being to secure the financial requirements for fulfilling the operating objectives of the business. However, in the present era, the capacity of financial management contributes vitally to the management of any organization irrespective of its nature and structure. Now, the key significance of financial
Pages: 12 (3000 words), Essay
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Private equity is an important source of risk capital for smaller businesses
At the point when the GP depletes a generous parcel of a funds submitted capital, the GP ordinarily endeavors to acquire duties for a resulting (and separate) fund.. (Kaplan & Schoar, 2003: 5)There is a lot of literature available on Private Equity; especially the definition of Private Equity has been highlighted by many scholars and researchers. Some of the key definitions are discussed below:“Private equity is medium to long-term finance provided in return for an equity stake in potentially
Pages: 12 (3000 words), Essay
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Advanced applied quantitative methods in finance
The variations in volatility could be as a result among other factors, political factors or the international market changes. The histograms of the empirical distribution of the series are given below.For both the two market indexes, we observe that the series are leptokurtic. That is, they have lots of observations around the average and a relatively large number of observations that are far from average; for the Italian market index, the centre of the histogram has a high peak and the tails
Pages: 13 (3250 words), Essay
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Personal Statement for graduate school application
Combining the solutions of the smaller problem gives a solution to the bigger problem.. I am fluent in Mandarin, Japanese and the English language. In finance, these skills are useful in solving problems, and working in an international arena especially in the developing nations where financial management skills are in high demandMy first research experience under the guidance of Professor Elgamal turned out to be much beneficial for me in the form of enhancing my quantitative analysis skills.
Pages: 6 (1500 words), Essay
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The European sovereign debt crisis
This effectively increased the borrowing rates of the country, which rose to a point where it became clear that the country would no longer be able to borrow from the internal markets, while at the same time indicating a high possibility of sovereign debt default (Armingeon and Kai, 424). In reaction to the high sovereign default risk by Greece, the credit rating of Greece was downgraded to junk status, also known as the BB+, which effectively meant that the investors in the economy were liable
Pages: 8 (2000 words), Essay
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Financial managemnt for agro business
In Appendix 1, it is observed that the value of sales revenue has increased over the years from 2011 to 2013. There has been 19% increase in revenue in 2012 from 2011 and about 34% in 2013. This reflects that there has been strong volume of sales of barley gains in malt across the group and through their expanded operation they have grown globally in marketing (GrainCorp, 2014a).The profitability of GrainCorp is evaluated with the help of ratio analysis. Profit margin ratios, return on assets
Pages: 8 (2000 words), Essay
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Risk managent
Liability exposure generally involves a potential future loss and not necessarily a loss that has already taken place. It is important to note that every liability exposure has 3 dimensions; the risk causing loss, the value that is exposed to loss and the financial repercussions resulting from the loss. If there is a change in any of the 3 dimensions of liability exposure alters the exposure. All firms are faced by exposures to loss; hence the recognition of those exposures is usually the very
Pages: 6 (1500 words), Essay
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Corporate governance and accountability
To inspire their customers, the organisation has introduced the Shwopping Cloths scheme in collaboration with the UK Government and Oxfam in the beginning of 2014. This scheme is a blend of swapping and shopping where customers can exchange their used clothes over the internet. This scheme is inviting all their customers together to experience a new shopping procedure. They are also inspiring their customers to involve in various social events such as Macmillan Cancer Support’s and
Pages: 7 (1750 words), Essay
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Sales of bonds backed by riskier US corporate loans have surged to their highest level in seven years, helping to fuel a leveraged lending boom that is concerning regulators
The concept of CLO can be better understood through a simple example. Consider that a company wants to acquire £100 million for financing a new project. The office premises of the firm are valued at £20 million. Consider that the cost of debt is 5% and the riskless rate of interest is at 1%. If the firm acquires £100 million as debt finance, the entire loan can be divided into two tranches. The top tranche of £40 million is backed by the firm’s premises. The investor has the option of
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Assume that your report is being prepared for use by the non-executive directors of the company, who have limited awareness of IFRS. The non-executive directors are unsure of the accounting requirements in relation to brands and the implications for the f
Their Corruption and Anti-Bribery Policy offers guidance for the customers and service providers in the UK (Nestle, 2015).Nestle ensure commitment towards quality, nutrition, and taste across all their products. Kitkat is one of the United Kingdom’s bestselling brands of Nestle and their sale is over £170 million in the year 2004. The statistics represents total sales of the Nestle Nutrition internationally from the year 2010 to 2013 (See Appendix 1). In the year 2013, the sale which comes
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IFRS 15 and IFRS 9
Common accounting definitions of key financial instruments are inevitable for a global audience to form a shared understanding of the firm’s financial position and accounting practices. Hence, these accounting definitions must be comprehensive enough to give the audience a clear idea of the accounting treatments required to report an item appropriately in the financial statement.In order to have a deeper knowledge of the accounting definitions and their scope set out in the IAS/IFRS
Pages: 10 (2500 words), Essay
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Accountability of Public Finances
Accountability of the financial statements is at the hands of the Chief Financial Officers and the top management who acts as the agents of the owners. It is expected that all financial reports must be audited before getting published so as to show a true and fair view of the financial position of the firm. The must comply with the reporting standards issued by Hong Kong Institute of Certified Public Accountants (Shah 2007).Financial reporting of public entities in South Africa is under the
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Critically evaluate the statement that the objective of portfolio investment is to minimise risk with examples, and discuss the differences between systematic and unsystematic risk
Interest rate risk: Interest rate risk is mainly associated with debt instruments and refers to the variability of interest rates from time to time. Interest rate risks can be further subdivided into price risk and reinvestment rate risk (Gai, 2013). Price risk as the name suggests is the risk that is associated with the probable fall in the price of shares or any other commodity in the future. Reinvestment risk is the risk that is associated with the fact that the return ore dividend that is
Pages: 6 (1500 words), Essay
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Digital currency--Bitcoin
According to Bitcoin Investment (11), Bitcoin has advantage of the physical currency in that individuals can make direct financial investments without the need to move their money from one source to another.Diversified portfolio is the practice of interest in various unrelated portfolio with the main aim of risk reduction in portfolio investment. Digital currencies provide a highly attractive investment portfolio for varied investors. The nature and operations of digital currencies however are
Pages: 4 (1000 words), Essay
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Advanced management accounting
It is a private organisation and with the increasing implementation of medical technology, the organisation in 2012/13 has initiated plans to adopt ABC system. The management has considered two types of operating system one is ENT and the other is cataract basis. Calculation of different prices related to overhead as well as direct cost has been done on the basis of existing method and ABC method for providing a better pricing index for the hospital.Estimation made with the use of the ABC
Pages: 10 (2500 words), Essay
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Financial Audit Process
A financial audit is a process of investigating whether the financial statements of the company shows a genuine and fair view of the operations of the business under consideration. The stakeholders include the government, shareholders, creditors, debtors, as well as the employees of a company. 
Pages: 6 (1500 words), Essay
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