Accounting : Page - 9

Management AccountingIn the given case, the CEO of Pearson company is in need of the management accountant as he has heard that the management accounting system can be very beneficial for the company in terms of providing both the financial as well as non-financial information to the managers as well as the employees (Bromwich & Scapens, 2016) Management accounting is a branch of accounting which provided the analysis of the financ...

Foreign Exchange RiskThe audit of a business is a critical process and the purpose for the same is to identify material misstatements which can affect the quality of financial reporting which is used by every business for the purpose of recording and classifying financial information of a business. In many cases, the audit of a business can also be affected by certain key events or disclosures which are of significant nature. In this case, the a...

Background on the Law of TreatiesPublic international law has not been inactive in the last few decades.  There are many developments, specifically in the law of treaties, in which improved concern in Article 31(3) (c) of the Vienna Convention of the Law of Treaties (VCLT) OF 1969 of May 29, 1969 has increased.  Any investigation of the VCLT should start by recalling the apparent truism that the convention is never used in isolatio...

Investigation of the Scenario1.1 1. Using the above information and The Customer Charter, investigate this scenario. Make recommendations below to the Customer and Despatch / Supply Manager, on how you would research, clarify and assess customer needs and include in the planning process.     As indicated in the Customer Charter, customer concerns are taken under consideration with empathy and respect. Training of staffs is ess...

Introduction to Flash StorageFlash storage is gaining popularity at a high rate because of its greater speed and the ability to utilize less capacity [1]. Flash allows organizations to enjoy advantages like consolidated apps, reduced power consumption per machine, and increased performance. In the past years, flash storage was being used reservedly because it was quite expensive. Due to the evolution and advancement of technology, efficiencies...

Activity-Based Costing MethodIt can be clearly observed in the 21st century that the business environment of change the lord and made it more challenging to conduct of business. The increasing demands of also holds did the banks to provide the customers with the new type of services and products that we can fulfil the market requirements. New techniques are used in order to fetch funds from the public by the banks. Technological measures have ...

Research ObjectivesThe present research is undertaken to examine the importance of auditing within an organization. The activity of auditing within an organization can be regarded as the process of independently checking the financial records of an organization so as to assure that the financial statements prepared are accurate. The overall process of auditing is carried out by an auditor who holds the responsibility of developing and examinin...

Overview of Orora LimitedThis assignment is based on the consideration of the accounting theory concepts and critical analysis on the application of the General purpose financial reporting made by the corporations. This is intended to evaluate the effectiveness of the corporation to meet its obligations of conceptual framework of accounting (Arnott, et al., 2017). In order to serve this purpose one of the ASX Top 100 listed company namin...

Answer: Introduction:  In order to provide in-depth discussion on the subject of bond interest structure, forwards rates and bonds spread it is firstly essential to select two different bond issuers. The document brief has asked to consider two bonds of sovereign nations or use two corporate bonds. However, with the objective of selecting two bonds issuer who shall have both the elements of corporates and two sovereign nations European B...

Standard Setters and StakeholdersStandard setters particularly the IASB and the UK Accounting Standards Board have made commitment to act for the interest of the stakeholders so that they can use the conceptual framework and unite their standards (Hines, 1988). However, the political lobbying is determined by preparers and involves government self-interest. This might result the standard setters in modifying their position by running the dange...

Accounting-based Bonus Plans and Conservative Accounting Methods1. In case, accounting-based bonus plans are used for rewarding the senior managers within an organisation, they would not prefer conservative accounting methods. The methods need a degree of verification before any legal claim is made for profit. The recognition of expenses or losses would be made at the time they are incurred (Brigham et al., 2016). Hence, it would not be possib...

Positive Accounting TheoryThe language of business finance and numerical figures is considered as accounting. The initiation of the accounting was mainly considered in Middle East however flourished in the Europe. The conceptualization of the subject has taken into consideration several numbers of factors which are seen to be based on issues of recording expenditures and trading goods. The discussions of the study will focus on the evaluation of...

Background of Bellamy’s OrganicAll the organizations depend on different capital forms for success of their business. These capitals are used for storing the value in any form that eventually becomes the input to the business model of the organization. Further, these are also transformed, increased or decreased through organizational activities where they are consumed, modified, enhanced or affected otherwise by the activities (Singh &am...

Answer: 1. Prepare acquisition analysis as at the acquisition date, and journal entries to record the acquisition of the equity interest in MIEL Ltd in PEACE Ltd’s records Particulars Amount (In $) Fair value of assets   Plant 50000 Land 30000 Total fair value of assets 80000 Fair value of liabilities 132813 Fair of value of net assets 2...

Yield to Maturity (YTM)1. a) Yield to maturity is the rate that is used to discount the future cash flows associated with the bond. Typically it is the return earned by the bondholder for purchasing and holding the bonds till their maturity. This rate equates the present value of the cash flows related to bond with their current market price. YTM is also referred as internal rate of return or the market interest rate (Stack Exchange, 2018). Par...

Differences between Management Accounting and Financial AccountingIt is quite often being said that the management accounting and financial accounting differs in a number of ways, the former being forward looking and the latter being backward looking having a post facto analysis. Though both of these have the common end objective of better future for the organization, however, management accounting is much broader than the financial accounting...

Task 1Westpac was established in 1817 and there are more than 35,200 employees who are assisting more than 12 Million customers in Australia, New Zealand and also in the Asia Pacific Region (Westpac, 2018). In this report, the discussion will be made on the Westpac Company. Strategies deployed by Westpac Company  It is important to consider effective strategies by the companies as it can help to enhance the growth in the competit...

Part 1: Analysis of GSK Plc profitabilityThe report deals with four parts, which provide understanding about different topics. The first part covers the profitability analysis of GSK Plc for the year 2016-17 by calculating key financial ratios for the company. The outcomes of the ratios are then compared to its competitor AstraZeneca Plc, a company operating in the same industry. The second part provides insights about the concept of Zero-base...

Blondia Rocks Inc (BRI) is a manufacturing company in Southwestern Ontario that manufactures and sells a single product, a pet rock affectionately named Rocky! The company produces a rolling 12 month master budget several months in advance of the end of the year. The fiscal year end is December 31.             Unfortunately last month, BRI's controller unexpectedly left the company for a large...

Situational AnalysisThe marketing audit is one of the most success-critical factors for every business. It is significant for companies of every size to think of undertaking a marketing audit with the purpose of recognizing and reviewing the present position of brand marketing related activities and assist in reducing future expenditure. In the opinion of Baker (2014), it can be stated that predominantly for the SMEs (small to medium enterpris...

DiscussionThe assessment aims to evaluate the annual report of Medibank for the year 2018 for the purpose of assessing the conceptual framework which is followed by the business. The assessment also aims to analyze a new article which is related to the company and the article is related to the dissatisfaction of the customers and also loss of market shares from the core products of the business. The article clearly states that the business is we...

About Aberdeen Standard Investment (ASI)Aberdeen Standard Investment (ASI) is devoted to assist investors for attaining their investment objective and widen their financial prospects regarding same. Further, these investments attempt to offer world-class investment knowledge around a breadth of markets as well as asset groups. Their full variety of solutions includes equities, multi-asset, fixed income, independent wealth funds, and property as ...

DiscussionResources are the main agents for the employees in terms of carrying out the business activities. Provision of quality resources to the personnel results enhances the productivity level. On the other hand, it is the responsibility of the employees to make effective use of the organizational resources. This is in terms of enhancing their professionalism (Silverman, 2016). This assignment attempts to shed light on analysing the data coll...

Company OverviewAccounting refers to the process that must be followed by the entities to record the business transactions, present them in a fair and transparent manner and thereby enabling the various stakeholders to form informed judgements about the financial and overall performance (Chand, Patel and White, 2015). The regulatory bodies prescribe a framework comprising of the guidelines, policies, and procedures that must be adhered to while ...

Introduction to Integrated ReportingInternational Integrated Reporting Council (IIRC) has suggested integrated reporting as the contemporary approach towards corporate reporting.  The concept of corporate reporting has gained huge significance in the recent times as it is the only means through which companies can communicate with all its stakeholders and provide them information that is necessary for their decision making. Corporate acco...