attaining the same target profit in FY2014 as in FY2013. However, the sale in first 7 months of FY2014 declined further. Therefore, the management and employees that are under pressure to achieve target have incentive to manipulate sales revenue which will compromise the reliability of financial reporting objective. The employees may record sales even when there is no transaction exists or before they are earned in order to boost sales on book, which in turn increases the profit. To recognize premature
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Overview Any successful business owner is constantly evaluating the performance of his or her company, comparing it with the company's historical figures, with its industry competitors, and even with successful businesses from other industries. To complete a thorough examination of your company's effectiveness, however, you need to look at more than just easily attainable numbers like sales, profits, and total assets. You must be able to read between the lines of your financial statements and make
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Corporate Banking - Updates Ratios Ratio Analysis is a widely used tool of financial analysis. It is defined as the systematic use of ratios to interpret the financial statements so that the strengths and weaknesses of a firm as well as its historical performance and current financial position can be determined. It should be noted that computing ratios does not add any information not already inherent in the financial statements. The ratios however reveal the relationship in a more meaningful
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|100 | |Cost of sales | |(40) | |Gross profit | |60 | |Operating expenses | |(35) | |Operating Profit
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PREPARED FOR: MS. JAFRIN SULTANA ASSISTANT PROFESSOR DEPARTMENT F BUSINESS ADMINISTRATION DHAKA CITY COLLEGE PREPARED BY: Group members: CODE NO | NAME | 206 | Nur Tamanna | 210 | Shahana Akter | 214 | Mohsana Ankhi | 220 | Farzana Arshi | 238 | | BACHELOR OF BUSINESS ADMINISTRATION BATCH-9, SECTION-D SESSION: 2006-07 7TH SEMESTER DHAKA CITY COLLEGE DATE OF SUBMISSION: August, 23, 2011 LETTER OF TRANSMITTAL August 23, 2011 Ms.Jafrin Sultana Assistant professor
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able to evaluate the performance of companies adequately. Company Overview Merck & Co. (or ‘company1’) is one of the largest pharmaceutical companies in the world. The company continues to demonstrate its ability to deliver first-to-market launches, thereby gaining a competitive advantage over its peers. However, patent expiries could lead to generic erosion in product sales. Novartis International (or ‘company2’) is one of the Big Pharma companies with strong presence in diverse pharmaceutical
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cases in this chapter constitute only a beginning in understanding and it is to be expected that students will understand the matter thoroughly only after they have attacked it from several different angles. Sometimes we ask the class “Suppose a company received a lawyer’s bill for $1,000. Explain all the different ways in which this bill could be recorded in the accounts.” The answer is that if the bill relates to services rendered in a prior year (or accounting period) but not recorded in that
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and financial health of a company, we must be aware of the inherent limitations of such
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Europe. The company has two options for expansions; to build a new manufacturing facility or to merge/acquire the operations of an already established European manufacturer called European Snow Fun. In order for an acquisition to work, the company would need a loan from the bank for one million dollars. A1. Looking at the financial aspect of the company, there are a few key points that could affect a bank officer’s decision. The bank officer would need to figure in on how the company would be able
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|[pic] BANKING ACADEMY OF VIETNAM | |BTEC HND IN BUSINESS (ACCOUNTING) | | | |ASSIGNMENT COVER SHEET
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