To: Air Con Co.(ACC) VP, Finance From: Susan Chu (CA, CMA, or CGA ) Overview Company Backgrounds and constraint From Jan.1,2011 private enterprises will have option to adopt one of two sets of standards，ASPE or IFRS. Since ACC is a private company, it is critical to make a right choice between these two standards. ASPE is usually applied for the small private company, because it requires less disclosure while being less complicate and less expensive than IFRS. However, ACC should choose
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competition is fragmented with less brand recognition, this places Krispy Kreme up there, making it a leader in it’s industry. Krispy Kreme also carries strong and sold opportunities to expand their network of stores geographically. Having shops located in different regions and areas, makes the shop easily accessible to its consumers. The more Krispy Kreme stores found out there, the higher the profit margin is for the corporation with increased sales and thus greater revenue being generated. Just like Starbucks
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reduction resulted in a liquidation of LIFO inventory. The effect of the liquidation increased the net income by 2.4million in 84. And reduced the net loss by approximately 15.6 million compared with only 6.7 mill in 83 There was a change in the recognition of some types of sales. This resulted in a change in sales calculation. Harnischfeger incorporated products purchased from Kobe Steel, which were re-sold by the company, into its net sales. This increased aggregate sales and cost of sales
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would like to understand why the sales and earnings have dropped and how to address the issues. How would you go about this case? Additional Information: (Provide the following information if requested by interviewee) 1. Market a. 95% of the client’s revenue is to restaurants with the remainder going to households. b. Market growth: if the interviewee asks about market growth, push back and ask them what they think. This is a mature market, so market growth is low. c. The client services the entire US
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Small Nonprofit Organizations A free resource provided by the Virginia Society of Certified Public Accountants Introduction • Selecting the budget committee • The task of the budget committee • Setting budget priorities and realities — revenues • Setting budget priorities and realities — expenses and costs • When to prepare the budget • A budget for cash flow • A budget for capital expenditures — bought or received • Restricted grants • Changes to the budget • Conclusions
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Results Review March 1, 2013 Jingbian NING SFC CE Ref: AVT719 Real Estate RESEARCH BUY ningjb@cicc.com.cn Ziyi YU Ziyi.yu@cicc.com.cn Vanke B (200002.SZ) Sales Top Rmb100bn on Recognition Upside Financial highlights (RMB mn) Revenue (+/-) Gross Profit (+/-) Net Profit (+/-) FD EPS (Rmb) (+/-) P/E P/B EV/EBITDA ROE Dividend Yield 2008A 40,992 15% 11,453 6% 4,033 -17% 0.37 36.9 -17% 4.7 2009A 48,881 19% 10,764 -6% 5,330 32% 32% 4.1 0.48 2010A 50,714 4% 15,016 40% 7,283 37%
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and breakeven point in sales dollars based on actual sales data in detail. Finally, I will also list few recommendations that allows the reader to select the best one fit for the Smithen Company. Introduction In order to generate more revenue by choosing the best alternative and sustain the company’s profitability in the long run, the following issue should be addressed and will be evaluated and analyzed in the following steps. Critical Issue Smithen Company, a wholesale distributor
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decisions. However, because of selective reporting of economic events as well as non-comparable accounting methods and estimates, financial statements are only an approximation of reality. In addition, because of the tendency to delay accounting recognition, financial statements also tend to lag reality.” (About Financial Statements, para. 1). The four financial statements are prepared in the sequence shown, for the following reasons: Net income is computed first and is needed to determine the
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was to create a “third place” environment for his customers, a place where between home and work where you can read the paper, do some homework, chat with your significant and either prepare for the day or wind down from it. From 2008 to 2009 Net Revenue decreased by 600 million dollars. Howard Schultz decided to return as president to transform the company and return it to its profitable growth. They first began by removing $580 million in costs from the
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Best Buy Competitor: hhgregg Executive Summary Company Best Buy (“BBY”, or the “Company”) specializes in consumer electronics. They are one of the largest specialty retailers operating as an e-commerce and physical retailer across the United States, Europe, Canada, and China. BBY stores offer video products, including televisions, e-readers, navigation devices, digital cameras, digital camcorders, DVD and Blu-ray players. The Company also offers audio products, such as MP3 players and accessories
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