country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Accounting For Business: Committed Hospitality

tag 0 Download5 Pages / 1,242 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Accounting for Business for Committed Hospitality.

 

Answer: 

Australia's solely devoted and committed hospitality tools backing solution is taken account by the company named Silver Chef Limited. The company came into play from the year 1986 and it has helped about a number of 25,000 and more clientele. It has established itself and ranged from a number of set up of start-up coffee shops to outsized hotels and restaurants. The company had focused and created a focal point towards realizing their production imaginings and dreams. The Silver Chef Limited has a listing on the Stock Exchange of the countries including Australia, New Zealand and Canada. The company also employs a number of more than about 200 enthusiastic inhabitants. There is a provision and support of flexible tool supporting explanation to clientele through the hospitality.

The ratio of return on assets is recognized as the income on the whole possessions is a proportion of productivity. The ratio also considers the returns of the total net number or sum created by the total assets. The computation is carried on all the way through the stage by the assessment of the net amount of proceeds and the normal entirety possessions (Brigham & Ehrhardt, 2013). In terms of the others, the ROA measures the effectiveness of a corporation to the organization of its property to produce incomes or earnings throughout a part and period of time.

The main and only principle and rationale behind the acquisition of assets of the company takes account the proceeds and profits to be generated and the ratio of ROA allows the assistance of both the investors and organization of checking the capability of the company to change ones funds and investments into the revenues and incomes (Saunders & Cornett, 2014). For this reason, the proportion or the ROA ratio reflects a measurement of the productivity and profitability of the assets of a company.

The asset categories have a requirement of a much closer examination and the three among a wide variety of asset categories takes account of the stock, property, plant and equipment and cash and cash equivalents. The items of the income statement included are the vending and retailing of the merchandise and the foodstuffs.

The documentation and the preparation of the financial statements have a requirement of managing and supervising in formulating the judgments, estimate and proposition that have an outcome on the statement computation in the monetary statements. The management over and over again has an evaluation of its decisions and judgment in association to the categories like liability, assets, revenue and expenditure. The management and supervision has a foundation on the judgment on the understanding of the historical data and on supplementary assortment of reasons that is supposed and has an assumption of being balanced and lucid under the situations and conditions. The management has acknowledged and is undergoing the successive accounting strategies significant towards the company (Roy et al., 2014). There has been a formation of imperative verdicts that completely formed. Also, the major rough calculations and assumptions that have been undertaken by the management have lead to an important impact and influence on the financial statements.

The ROA ratio or the ratio of the return on assets deals with the business earnings or attaining of the returns on the total outflow of the assets, to attain efficiency and effectiveness. Therefore, the ratio has a representation of the effectiveness of an enterprise of exchanging the investments and funds utilized for the acquisition and obtaining of the assets into the income or profits in net amount. The more higher the ratio, the higher will be the favorability of the investors. The equivalent terms makes obvious that the business is more proficiently managing its possessions to produce and create net profits of higher amounts. The ratio of return on assets being positive will generally demonstrate a symbol of a fashion of an escalating income also. The ratio of ROA has a foremost effectiveness for the judgment and comparison of the companies in the indistinguishable industry as unlike industries bring into play their possessions in a diverse way and approaches.

 

The ratio of the return on total assets has faced decrement and decrease from the years of 2014 to 2016 and thus the trend has created an influence on the income and returns on the total assets of the company.

Even though, the sum total of all the assets have been increasing the whole time through the years under consideration i.e. from the years 2014 to 2016, the increase in the expenditures has resulted in the decrease of the ratio over the years. Hence, the same has given results of incurrence of the poorer ratio in comparison and the same is represented below:

Particulars

2014

2015

2016

Return on Total Assets (%)

10.92

10.19

9.00

The total net profits and the amount of total assets has increased in the overall years and thus on a scale of 1-10, the company can be said as excellent i.e. 10 on a total of 10 because it has not been just satisfactory or very unsatisfactory. Therefore, the company has a positive rating giving it a total of 10 among others. The company has been increasing its net profit margin ratio from around 13.69% to 15.31% in the years 2014 and 2016 respectively. The ratio analysis of the company has shown a positive and good sign, thus the rating has increased for the company.

The management and the Board of directors of Silver Chef Limited administer and also keep an eye on the amount of the effectiveness of organization of jeopardy alongside the management of the authority and compliance procedures (Mark, 2013). The roles and tasks of examining and having an accurate review of the threat management and efficiency of the internal control are selected to be managed and controlled by the directors for including the responsibility of the designing and implementing of the system of internal control and management of risks and hazards (Needles et al., 2013).

The members of team and management has a variety and wide range of techniques and ways for making certain about the alignment of the objectives of the management activities and the risks of the same i.e. the members and directors that had been under recognized by the organization (Healy & Palepu, 2012). The major activities consist of three major ones that include the following:

  • The strategic plan approved by the Board that undertakes and takes into consideration the in the mission, vision and approachable documents of the organization.
  • There is a designing of meeting up the necessities of the investors and for the administration of the risks and threats of an organization (Dolvin et al., 2012).
  • There is an approval of the functional policies and financial plans undertaken by the associates and Board of members towards monitoring of the encroachment of same. 
 

References

Bodie, Z., Kane, A., & Marcus, A. J. (2014). Investments, 10e. McGraw-Hill Education.

Brigham, E. F., & Ehrhardt, M. C. (2013). Financial management: Theory & practice. Cengage Learning.

Dolvin, S. D., Jordan, B. D., & Miller Jr, T. W. (2012). Fundamentals of investments: valuation and management.

Healy, P. M., & Palepu, K. G. (2012). Business analysis valuation: Using financial statements. Cengage Learning.

Mark, K. (2013). A new funding solution. Plumbing Connection, (Autumn 2013), 20.

Needles, B. E., Powers, M., & Crosson, S. V. (2013). Principles of accounting. Cengage Learning.

Roy, L., Phillips, L., Sherwin, G., Graham, L., Tallentire, P., Weston, S., ... & Scales (2014), P. SIV.

Saunders, A., & Cornett, M. M. (2014). Financial institutions management. McGraw-Hill Education,. 

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Accounting For Business: Committed Hospitality. Retrieved from https://myassignmenthelp.com/free-samples/accounting-for-business-committed-hospitality.

"Accounting For Business: Committed Hospitality." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/accounting-for-business-committed-hospitality.

My Assignment Help (2018) Accounting For Business: Committed Hospitality [Online]. Available from: https://myassignmenthelp.com/free-samples/accounting-for-business-committed-hospitality
[Accessed 13 July 2020].

My Assignment Help. 'Accounting For Business: Committed Hospitality' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/accounting-for-business-committed-hospitality> accessed 13 July 2020.

My Assignment Help. Accounting For Business: Committed Hospitality [Internet]. My Assignment Help. 2018 [cited 13 July 2020]. Available from: https://myassignmenthelp.com/free-samples/accounting-for-business-committed-hospitality.


MyAssignmenthelp.com delivers assignment help to millions of students of USA. We have in-house teams of assignment writers who are experts on wide ranges of subjects. We have appointed teams of native writers who provide assignment help to students in New York City and all over the USA. They are skilled assignment writers who successfully cater to search terms like do my assignment in the USA

Latest Accounting Samples

ACCT20074 Contemporary Accounting Theory

Download : 0 | Pages : 12

Answer: Introduction The primary focus of the assessment is to formulate a detailed study regarding concepts of measurement and the relevance of the same in the process of accounting. The accountants consider measurement of financial information to be an integral part of the accounting system. The assessment would be looking into the IASB framework for the purpose of reporting and measuring financial aspects of the business (Reports. 202...

Read More arrow Tags: Australia 5 Contemporary accounting theory Central Queensland University 

MA501 Foundation Of Accounting

Download : 0 | Page : 1

Answer:

Accounting Practice Set [now finished]



You have now finished the practice set. Your result is recorded in our database.
Click Home to be returned to your home page.

 

Read More arrow Tags: Australia 5 MA501 Melbourne Institute of Technology 

ACG315 Accounting And Finance For Fluctuating Revenues And Company Size

Download : 0 | Pages : 3
  • Course Code: ACG315
  • University: University Of Bedfordshire
  • Country: United Kingdom

Answer: Task One The change of taxation rules and regulation of conventional and statute laws have always confused willing, compliant firms. Different stakeholders take part in helping the companies adapt to the new changes. The actualization of this checks and balances lower down to the firm accountant. He, therefore, deals with the confusion at a more significant level.  We, therefore, discuss the confusing issues and the role of the a...

Read More arrow Tags: Australia Homebush Management Java - Car Parking Management System University of New South Wales Humanities 

SBLC4003 Business Accounting

Download : 0 | Pages : 11
  • Course Code: SBLC4003
  • University: University Of Wales Trinity Saint David
  • Country: United Kingdom

Answer: Introduction: Every entity has to prepare the financial statements, on a regular basis, to communicate the financial results of the business operated by it. These financial statements contain the summarised information expressed in financial terms about all the transactions and events that are entered into during the course of business. All the financial information that helps the readers to assess the financial health of business of ...

Read More arrow

ACC510 Financial Statements Analysis For Contingent Assets And Contingent Liabilities

Download : 0 | Pages : 7

Answer: Introduction The issue that is presented is that the accounting statements of Billabong  International Limited should has been asked to be analyzed in order to determine the fact whether the accounting reports are prepared in compliance to the prescribed standards for the purpose of determining the reliability of the accounting statements. The financial report of the company is analyzed to discuss the important points that are me...

Read More arrow Tags: Australia Toowoomba Management Java University of New South Wales 
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,360,695

Orders

4.9/5

Overall Rating

5,081

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1692 Order Completed

98% Response Time

Alfred Dodd

PhD in Computer and Information Science with specialization in Database

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

529 Order Completed

95% Response Time

Ivan Blank

PhD in Functional Human Biology

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

285 Order Completed

99% Response Time

Eugene Baranowski

MBA in Supply Chain

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

The paper was well written, although there some changes needed to be made , overall im satisfied.

flag

User Id: 438520 - 13 Jul 2020

Australia

student rating student rating student rating student rating student rating

It was a perfect work. Nice analysis and organized. I also appreciate that they were very fast.

flag

User Id: 341163 - 13 Jul 2020

Australia

student rating student rating student rating student rating student rating

THIS WAS HANDS DOWN THE BEST PAPER I\'VE EVER RECEIVED FROM A STAFF/TUTOR ON THIS SITE. IT WAS VERY WELL WRITTEN - GRAMMAR ERRORS WERE VERY MINOR & NOT NOTICEABLE. I DIDN\'T HAVE TO EDIT MUCH TO SUBMIT THE WORK. I DEFINITELY WOULD LOVE FOR THE PERSON...

flag

User Id: 234292 - 12 Jul 2020

Australia

student rating student rating student rating student rating student rating

Always fast and efficient. They seem to care about delivering good work to the students. My powerpoint was nice and well put. I will continue to use your services.

flag

User Id: 451381 - 12 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?