------------------------------------------------- Ahmad Zubair Chedi ------------------------------------------------- Abstract Accounting plays a vital role in providing information that permit economic decision, therefore the information has influence on its users. The financial statements that serve the basis for the economic decision are drawn up, not by the users, but by the enterprise’s accountants under the authority and control of the enterprise’s management. Ideally the preparers should take as their
Words: 7209 - Pages: 29
on the Quality of Financial Reporting and Performance of Quoted Companies in Nigeria 1 G.N. Ogbonna and 2Appah Ebimobowei Department of Accounting, Faculty of Management Sciences, University of Port-Harcourt, Port-Harcourt, Nigeria 2 Department of Accounting, Bayelsa State College of Education, Okpoama, Brass Island, P.M.B. 74 Yenagoa, Nigeria 1 Abstract: The study investigates the ethical compliance by the accountant on the quality of financial reporting and performance of quoted companies
Words: 6312 - Pages: 26
both the impact and financial returns from executive leadership programs. You have also asked us to provide recommendations on how to present this analysis to your executive management committee, specifically your COO Dave Palmer. In the past, you were not able to provide the financials and quantitative analysis to support the funding of such programs, demonstrating they are a priority, not a perk, which adds to Zendal Pharmaceutical’s bottom line. Given the unstable economic environment that has
Words: 1270 - Pages: 6
| Asian Crisis of 1997 | | | Prepared by:Azra Becirovic and Sanela Bilalic | | April 21, 2012 | Long before Asian financial crisis has started, South Korea, Thailand, Indonesia, and Malaysia had an increasing economic performance; economy was fast growing, saving rates were high, and inflation low. Turning point in Asian economy was 2 July 1997, the day when Thai Baht fell around 20 % against the $US. “It all began in Thailand’ summarizes the conventional explanation of the early
Words: 4114 - Pages: 17
productivity in all sectors in Malaysia. In Malaysia, basically there are four main sectors which is the services sector, the manufacturing sector, the agriculture sector, and the construction sector. The Malaysia’s labor productivity as measured by real added value per employee in 2014 improved by 3.5% at RM61,708 from RM59,622 in 2013. The growth in productivity was a contributing factor to the higher growth in Gross Domestic Product (GDP) at 6.0%. Trend Productivity in Services Sector Labor productivity
Words: 943 - Pages: 4
Chapter 1 & 2 – What is Strategy What is Strategy? • Strategy is the fundamental approach to winning the market and responsible for long-term success (not short-term). • The core of strategy is value creation and capture, i.e. unique value creation. • Business Strategy focuses on achieving goals, through the allocation of resources with some degree of consistency, integration and cohesiveness in the company’s decisions and actions. • Michael Porter: Strategy is not about doing things better
Words: 1765 - Pages: 8
Profitability Ratios 1)ROCE: (prime ratio) basic measure of firm performance Ebit/Ta-CL 20% satisfactory. Investors can judge whether the investment is worthwhile. If low markets-sales decline, unit costs increased. Need to increase net profits without increasing cap. Employed. Reduce cost maintain sales Gross Profit Margin: Gross Profit/ Sales Revenue the higher the GPM the better Net Profit Margin Efficiency Ratios: operating performance including profit AVG A/R settlement = A/R / credit sales
Words: 1082 - Pages: 5
thus quite dependent on the financial statements. WAL uses ASPE, and there is no indication because of stakeholder needs or future plans that IFRS would be more appropriate. The standard accounting assumptions seem appropriate, including continuity; there is no indication of a continuity problem. There are many users of WAL’s financial statements and the objectives of each user may conflict. The users include: * Creditors. WAL’s creditors look to the financial statements to predict future
Words: 1303 - Pages: 6
challenges as a positive first step towards formulating a workable framework for the SMEs to overcome them. Keywords: SMEs, development, contributions, challenges, Malaysia. 1. Introduction Malaysian SMEs are a vital component of the country’s economic development. According to SMIDEC (2002), SMEs accounted for
Words: 6025 - Pages: 25
systems that are appropriate for them, that provide value for money, and that reward workers fairly for the work they perform. Pay systems are methods of rewarding people for their contribution to the organisation. Ideally, systems should be clear and simple to follow so that workers can easily know how they are affected. In considering rewards it should be borne in mind that pay and financial benefits are not the only motivator for worker performance. Other important motivators for individuals may include
Words: 10541 - Pages: 43
