...Introduction The purpose of this report is to investigate the current financial reporting environment in Sri Lanka and its impact on the companies listed on the Colombo stock exchange. Hotel SIGIRIYA PLC has been chosen to study the financial reporting requirements, cultural impacts and the political influences on the Sri Lankan listed companies. 1. Financial Reporting Environment in Sri Lanka 2.1. Current financial reporting requirements for publically listed companies in Sri Lanka. In August 2007, two stages were adopted by Sri Lankan accounting standards regulators to form the international Financial Reporting Standards (IFRS). They traversed from Stage I of IFRS Adoption to Stage III, due to the result of a “gap” between the international and national sets of standards in Sri Lanka. However, on 1 January 2012, the Institute of Chartered Accountants of Sri Lanka (ICASL) successfully adopted IFRS. (eStandards Forum, 2008, p. 5). According to the Colombo Stock Exchange (2014) a requirement for a listed entity is that it must “ensure that the annual report is issued to the Entity’s shareholders and shall not exceed five (05) months from the close of the financial year of the Listed Entity when given to the Exchange”. Furthermore, publishing of the Audited Financial Statements must be in accordance with the Sri Lanka Accounting Standards. (Colombo Stock Exchange 2014 -Listing Rules s.7.5 pg4) The Colombo Stock Exchange (2014) also requires an Interim Financial...
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...Second Homework 1. Publicly traded firms are required to produce annual reports and other disclosures. In what ways might a rival firm benefit from such disclosures? As part of your answer, identify at least one benefit that might have the effect of harming the disclosing firm. Analysts typically research and make buy and sell recommendations for about ten companies. Each analyst tends to follow firms that are all in the same industry. Why? Think about the process of gathering, understanding and analyzing information from all of the possible sources of information. Profits are likely to be higher if there are fewer/more firms producing similar products? Profits are likely to be higher if a firm purchases from a more/less powerful supplier of raw materials? Profits are likely to be higher if there is greater/smaller threat of a substitute product? 2. 3. Use information about KB Homes to answer the remaining questions. The firm builds and sells new houses. Here is a web address for its 2009 annual report: http://files.shareholder.com/downloads/KBH/556993382x0x356348/F160BC2D-F9EE49C0-BDBA-966F404DB623/KBhome_AR.pdf 4. Describe the value chain for KB Homes. The firm discusses its operations in Item1, Business What do you think are the most important considerations in terms of quality, price and specific product attributes for potential KB Homes’ customers in deciding whether to purchase a house built by KB? Is KB’s business seasonal? Is it cyclical? Discuss evidence related...
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...Radio Shack Corporation; 2013 Annual Report Summary Principles of Accounting I/ XACC/290 August 17th, 2014 Radio Shack Corporation; 2013 Annual Report Summary Radio Shack Corporation, headquartered in downtown Fort Worth Texas, was founded in 1921 in Boston, Massachusetts by Theodore and Milton Deutschmann (Radio Shack Corporation, 2014). A company started with a specific mission of serving the needs of radio officers aboard naval ships, has over the years grown into a leading distributor of electronics. According to Radio Shack Corporation (2014), they are a “multifaceted, multibillion-dollar electronics retailer with more than 27,000 associates, and a vast retail network that includes more than 4,000 company-operated stores in the United States, over 270 company-operated stores in Mexico, and approximately 950 dealer and other outlets worldwide” (An unexpected beginning). Recent years however have been tough for the electronic retail giant, and this is clearly evidenced in their recent financial statements. In fact, facing delisting from the New York Stock Exchange, and not even having enough cash to close stores, Radio Shack faces a very uncertain future, and must take drastic action to survive. Radio Shack’s 2013 annual report is highlighted by a summary from the CEO, Joseph Magnacca. In his opening discourse he discusses how difficult 2013 was, and in fact mentions that Radio Shack has struggled for several years to find its place in the...
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...See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/273618953 Financial Analysis Report: Malaysia Airlines 2007-2011 ARTICLE in INTERNATIONAL JOURNAL OF SCIENCES: BASIC AND APPLIED RESEARCH (IJSBAR) · SEPTEMBER 2014 READS 913 1 AUTHOR: Gilbert O'Neil Mushure University of Zimbabwe 4 PUBLICATIONS 0 CITATIONS SEE PROFILE Available from: Gilbert O'Neil Mushure Retrieved on: 07 January 2016 International Journal of Sciences: Basic and Applied Research (IJSBAR) ISSN 2307-4531 (Print & Online) http://gssrr.org/index.php?journal=JournalOfBasicAndApplied -------------------------------------------------------------------------------------------------------------------------------------- Financial Analysis Report: Malaysia Airlines 2007 - 2011 Gilbert O’Neil Mushure* Department of Accountancy, University of Zimbabwe,P.O Box MP167 Mount Pleasant Harare Zimbabwe Email: accountancy@commerce.uz.ac.zw Abstract This work is an analysis of the annual reports of Malaysia Airlines Berhad from 2007 to 2011. Profitability analysis was done on the financial statements of the company from 2007 to 2011. Cash and working capital management analysis were done on the financial statements of 2010 and 2011. It was found that Malaysia Airlines Berhad was constantly suffering from high costs of operations which resulted in consecutive negative gross profit over the years.Net profit remained positive...
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...Annual Report Questions Note: All study questions are to be kept in a Word file and submitted by the week of Class 6. Include the question or provide and answer with the question included. Using your annual reports, answer the following questions: 1. Does the company issue bonds? Explain in DETAIL (interest rates, payments, amortization of premiums/discounts, amounts remaining, etc.). CVS issued two $1.25 billion portions of 2.25 percent, five-year notes at a relative yield of 85 basis points more than similar-maturity Treasuries and 4 percent, 10-year securities at a spread of 125 basis points, according to data compiled by Bloomberg. The company also sold $750 million slices of 1.2 percent, three-year debt at 65 basis points and 5.3 percent, 30-year bonds at 145. 2. Explain in detail the various types of stock the company sells. Include par values, shares, amounts, etc. 3. Does the company have treasury stock? Does it use the cost or par value method to record the transactions? 4. Does the company use stock warrants? Explain in detail. 5. Does the company use stock options? Explain in detail. 6. What types of dividends does the company pay? Explain in detail. Include amounts, dates, etc. |Declared |Ex-Dividend |Record |Payable |Amount |Type | |03-06-2014 |04-18-2014 |04-22-2014...
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...Annual Report 2008/09 Bang & Olufsen Group CVR no. 41257911 Annual Report 2008/09 Bang & Olufsen Group If you wish to skip directly to a specific page, click on the page number from CONTENTS on page 3. You will then go directly to that page. CONTENTS - click right HERE. CVR no. 41257911 contents 5 Dear Bang & Olufsen shareholder 7 Corporate information etc. 8 Bang & Olufsen - a brief history 15 Five-year summary, main and key figures 18 Statement by the Management on the annual report 19 Independent auditor’s report 20 Structure, management and directorships 25 Directors’ report, Bang & Olufsen a/s Group 31 Branded business 33 Business-to-business areas 35 Expectations for the 2009/10 financial year 37 Knowledge resources 43 Environment 47 Corporate Governance 49 Shareholder information 53 Statements sent to NASDAQ OMX Copenhagen A/S 55 Capital structure 57 Commercial risks 61 Financial report and notes Back to CONTENTS 3 4 Back to CONTENTS Dear Bang & Olufsen shareholder, The 2008/09 financial year was extremely tough for Bang & Olufsen, not only for the company and its employees, but also for you, our shareholders. It was gratifying to see the support demonstrated by our shareholders by them subscribing fully to the rights issue that was required to consolidate...
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...Student Name: Anuradha S. Illeperumaarachchi Module Lecturer: Mr. William Parrott Module Tutor: Mr. S. Skandakumar Date Submitted: 10/07/14 Total Word Count: 4193 Table of Contents 1.0 Introduction to the Report 3 2.0 Introduction to Airbus 3 3.0 Introduction to Boeing 5 4.0 Analysis of Financial Management 6 5.0 A comparative analysis of Airbus and Boeing 7 5.1 Airbus Group 7 5.2 Boeing 11 6.0 Examination of Key Stakeholders and Information Disclosure 14 6.1 Customers 15 6.2 Suppliers 16 6.3 Employees 16 6.4 Shareholders 17 7.0 Way Forward 18 8.0 References & Bibliography 19 1.0 Introduction to the Report This Consultant’s report has been compiled based on information gathered from the annual reports and financial statements of The Boeing Company and the Airbus Group (formerly EADS) for the year 2012. While analyzing the level of disclosure of both companies, this report aims to shed light on industry standards and critically examine whether the needs of key stakeholder groups have been sufficiently addressed in the chosen annual reports. Further suggestions for the improvement of these reports are also made in order to increase benefits for named stakeholders. As the complexity of business and capital markets increase, companies are required to manage...
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...internal programs such as comprehensive health coverage and equity in the company. Every Starbuck’s employee knows he or she is a visual symbol of the company and needs to work as if each store was hid or her own. Starbucks also adheres to the requirements of the Security Exchange Commission (SEC), which is a publicly traded company known as SBUX. The aim of this paper is to discuss the roles of ethics and compliance of Starbucks, the procedures put in place to ensure ethical behavior, and identify the processes that Starbucks use to comply with SEC regulations. Additionally, this paper will include the evaluation of Starbucks’ financial performance over the past two years using financial ratios on the data analyzed in the last two annual reports and SEC filings to conclude its...
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...Research and Analysis Project for B.sc (Hons) In Applied Accounting Business and Financial Performance Of GlaxoSmithKline Pakistan Ltd (2007- 2009) XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXX Prepared by Faisal Saleem XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX Mentoring by Fahim Ahmed This project is prepared in accordance with Oxford Brookes University guidelines. Table of Contents Topic & Company selection------------------------------------------------------------------------------3 About GlaxoSmithKline------------------------------------------------------------------------------------4 Overview of the Pharmaceutical Industry-------------------------------------------------------------5 Research Aims and Objectives--------------------------------------------------------------------------7 Information Gathering--------------------------------------------------------------------------------------8 Techniques used in RAP--------------------------------------------------------------------------------10 Limitations in RAP and Ethical issues----------------------------------------------------------------11 Financial Analysis-----------------------------------------------------------------------------------------12 Revenue trend Analysis----------------------------------------------------------------------------------12 Profitability and...
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...Teaching the Analysis of Financial Statements Author(s): Grant Osborn Source: The Journal of Insurance, Vol. 28, No. 2 (Jun., 1961), pp. 35-39 Published by: American Risk and Insurance Association Stable URL: http://www.jstor.org/stable/250723 . Accessed: 13/07/2013 13:30 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . American Risk and Insurance Association is collaborating with JSTOR to digitize, preserve and extend access to The Journal of Insurance. http://www.jstor.org This content downloaded from 139.184.30.135 on Sat, 13 Jul 2013 13:30:41 PM All use subject to JSTOR Terms and Conditions TEACHING THE ANALYSIS OF FINANCIAL STATEM ENTS GRANT OSBORN The student with a thorough understanding of the financial statement of an insurance company has a good foundation of knowledge of the entire field. In fact, it is no exaggeration to say that one interested in insurance as a career who can not interpret an insurance financial statement, has some glaring gaps in his education. Therefore, this analysis should...
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...Annual Report and Annual Report and Financial Statements Financial Statements 2015 2015 “ think the store is I genuinely trying to improve performance and there is evidence of progress.” Ipswich “ hen I shop in Tesco W now there is an overall better feel.” “ lease keep the P prices low, the shelves well stocked and the tills manned with enough staff.” “ ontinue to work on customer C service – it makes a big difference.” Newton Abbot Aylesbury “ he store is of vital importance T to the local community, long may it continue to be so.” Maldon London In this report: Strategic report Chairman’s statement CEO introduction Three priorities Our business model Key performance indicators Financial review Environmental and social review Principal risks and uncertainties Corporate governance Financial statements Other information Page 2 3 5 8 10 12 18 22 26 72 146 FINANCIAL HEADLINES £69.7bn £1.4bn £961m £(6.4)bn 9.42p £(8.5)bn Group sales Group trading profit Underlying profit before tax Statutory profit/(loss) before tax Underlying diluted earnings per share Net debt (13/14: £70.9bn) (13/14: £3.3bn) (13/14: £3.1bn) (13/14: £2.3bn) (13/14: 32.05p) (13/14: £(6.6)bn) The champion for customers Our business was built with a simple mission: to be the champion for customers – to help everyone who shops with us enjoy a better quality of life...
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...Human Resource Accounting Human Resource Accounting Literatur Review To measure human value as a part of the goodwill, HRA was introduced in the accounting literature in the 1960s (Flamholtz, 1985). In 1968 Brummet, Flamholtz & Pyle used the term “human resource accounting” for the first time. In 1973 the American Accounting Association’s Committee on Human Resource Accounting defined HRA as “the process of identifying and measuring data about human resources and communicating this information to interested parties. It provides information about human resource costs and values, serves to facilitate to decision making, and motivates decision makers to adopt a human resource perspective (Sackmann et al., 1989,). Research to examine the way in which human resource variables affect the efficiency of firms could be performed in a number of ways including analyzing the association between different aspects of human resources and firm performance (Bassi & McMurrer, 1998; Boudreau & Ramstad, 1997; Grojer, 1998). Looking at different proposals (Conner, 1991), the resource theory considers human resources in a more explicit way. This theory considers that the competitive position of a firm depends on its specific and not duplicated assets. The most specific (and not duplicated) asset that an enterprise has is its personnel. It takes advantage of their interdependent knowledge. That would explain why some firms are more productive than others. With the same technology, a solid human...
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...2011 Annual Report Notice of Annual Meeting and Proxy Statement We bring easy to your office. Staples is the world’s largest office products company and y a trusted source for office solutions. The company proy Revenue Mix2 2008 2007 2009 North American Delivery North American Retail vides products, services and expertise in office supplies, copy & print, technology, facilities and breakroom, and furniture. Staples invented the office superstore concept in 1986 and has annua sales Revenues ($B)1 2007 2008 2009 2010 2011 2010 2011 Diluted Earnings Per Share 3 in the world in eCommerce sales. With 88,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia, making it easy for businesses y r of all sizes and consumers. f The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media. Cash Flow Generation ($M) of $25 billion, ranking second f Operating Cash Flow 2007 As Adjusted 2007 2008 2009 2010 2011 2008 2009 2010 2011 Free Cash Flow Capita Expenditures 2007 2008 2009 2010 2011 Stores Open at Fiscal Year End 2007 Dividends Per Share 2008 2009 2010 2011 1 2 2008 revenues include $4.2 billion of revenues from Corporate Express for the period July 2008–January 2009. f 2008 revenue mix includes $2.3 billion of North American Delivery...
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...and GUESS have created such programs and with the comparison of before and after financial reports it boosts net sales by more than 30%. INTRODUCTION Express Next is a point-dollar reward system that affiliates each dollar spent with 10 points. The more points a customer accumulates the better a reward they will receive. There will be a two tiers of loyalty. A Base tier, the beginning tier, that rewards a customer with 10 points with every dollar spent. And a A-List tier, the advance tier that is gained when a customer reaches a certain amount of loyalty, that rewards customers with 15 points with every dollar spent. There will be a two quarter beta program to be held at various locations that have the top volume in the company and will be launched in the beginning of the upcoming fiscal year. This loyalty program will increase sales up to 30% percent and start a clientele-esque program. LIST OF SOURCES Berman, B. (2006). Developing an Effective Customer Loyalty Program . California management review , 49(1), 123. Demonstrate how to create an effective program that will increase net sales Chen, M. (2005). Mining changes in customer behavior in retail marketing . Expert systems with applications , 28(4), 773. doi:10.1016/j.eswa.2004.12.033 Show that the proper marketing and phasing of the program will benefit the companies finance Clifton, D. E. (2005). AECO Annual Report. AECO Investor Information. Retrieved March 17, 2012, from http://phx.corporate-ir.net/phoenix...
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...htm An investigation of perceptions of company annual report users in Sri Lanka Anura De Zoysa and Kathy Rudkin School of Accounting and Finance, University of Wollongong, Wollongong, Australia Abstract Purpose – The purpose of this paper is to report on a study of how users of company annual reports in the emerging market of Sri Lanka view those reports. Since limited studies exist that examine financial reporting practices in emerging markets, little is known about the user perceptions of company annual reports in these markets. This paper contributes to filling this gap by examining the views of a wide spectrum of users on the usefulness of corporate annual reports in Sri Lanka. Design/methodology/approach – The data reported in this study were collected through a questionnaire survey, covering seven user groups – accountants, executives, bankers, tax officers, academics, financial analysts, and investors. The 264 responses received were analysed using the Kruskal-Wallis one-way ANOVA test. Findings – The results reveal that most use annual reports for obtaining information for share transactions. Despite the long delay in publishing many annual reports and lack of availability of these reports to the general public, the majority of users view annual reports as the most important source of company information. The paper also reveals that, in comparison with developed markets, Sri Lankan users depend more on annual report information than on information provided by stockbrokers...
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