Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Royal Philips Electronics and with reference to each of the proposed five chapters in the final essay. It is important to note that the essay is basically based on a critical analysis of the accounting and finance function of Philips Company and hence the reason why PROPHIX software will also be critically analysed since it is used by the company for these functions.
Overview of Royal Philips Electronic
The Royal Philips Electronics was founded by two brothers; Anton Philips and Gerard Philips in the year 1891 at Eindhoven city. Initially the main product of the company was the small carbon-filament lamp. However, the company has since transformed itself from a single office company to a multinational company with its main headquarters located in Amsterdam, Netherlands. Its' branch network spreads across in every major market in world, and today after more than 100 years since it was formed the company boosts in its profile as being one of the largest global diversified industrial companies in the world with an estimated sales in the year 2010 reportedly being Euro 25,419 million.
Philips Company started with a workforce of only two employees who were the founding brothers, however according to figures given by the company human resource department, the company currently has over 180,000 employees whom are deployed in the company's manufacturing sites located in twenty eight different countries across the world and in their sales outlets located across 150 different countries.
Philips is a leading company in the world for its range of healthcare products, lifestyle products and lighting products. The company's main aim is improving people's lives through their timely innovation...
The company in its organizational structure integrates technology and design for customer-centered solutions, based on the fundamental consumer insights and the company's motto that promises sense and simplicity in the range of products and services that it offers.
Scope, aims and objectives of the essay in the 1st chapter
Under the first chapter the essay will aim at giving a detailed introduction of the organization under review which is Royal Philips Electronics. Here the essay will give a brief history of the company, its objective, size and organizational structure; it will also analyze key resources of the company as well as the issue of corporate governance within the company. Secondly, the other objective of the essay in this first chapter is to analyze accounting function within the company and it is here that the essay will introduce the PROPHIX software which is a financial performance management software used in the decision making process within the company, in addition it is also used in accounting functions such as forecasting, budgeting, consolidating, data mining and reporting. The book written by Brian (1997) will be used in this chapter.
Scope, aims and objectives of the essay in the 2nd chapter
Under the second chapter the essay aims at conducting a financial accounting analysis of Royal Philips Electronics in order to establish its financial position and strength. The essay will employ the use of some accounting formulae in order to establish the profitability of the company, the gearing level and the return on investments for shareholders. The scholarly works of both Wood and Sangster (2008) will aid in successfully completing…
References
Brian, P. 1997, Information technology and organizations: strategies, networks, and integration. Oxford University Press p. 67-74
Higgins R., 2000, Analysis of Financial Management, Irwin / McGraw Ltd.
Porter M., 1980, How Competitive Forces Shape Strategy, The McKinsey Quarterly, pp.34-50;
Wood F., and Sangster A., (eds) 2008, Business Accounting; Pearson Education Ltd.
The other advice to the CEO would be to stop the attrition of top managers. This had led to a tremendous information gap between the marketing team and the technical team as regards customer needs. Also the company has to look into its labor relations problems with the unions as regards sale of assets. (Philips: (www.vedpuriswar.org) 6. What advice would you have for the current CEO of matsu*****a? Is the
Accounting Case Revenue recognition is a significant issue for several interrelated reasons. Appropriate guidelines for determining when revenue is recognized can keep companies from inflating their profits and boosting their apparent standing as well as establish criteria that makes it more difficult for companies to hide revenue for tax saving purposes or other reasons (Investopedia 2011). Generally speaking, revenues are recognized when payment is received for the rendering of services or
Joint Venture Partner for HP Inc. Candidate Companies LG Daewoo Samsung Assessment of Candidate Companies LG Daewoo Samsung Investment Recommendation Team Fab Five have recommended that HP target South Korea for an acquisition. The acquisition should be undertaken as joint venture with a suitable partner. To determine the most suitable partner, potential joint venture collaborators must first be identified, and HP should determine what they would like to gain from the alliance, which will be used as a basis
Managing All Stakeholders in the Context of a Merger Process Review of the Relevant Literature Types of Mergers Identifying All Stakeholders in a Given Business Strategic Market Factors Driving Merger Activity Selection Process for Merger Candidates Summary, Conclusion, and Recommendations The Challenge of Managing All Stakeholders in the Context of a Merger Process Mergers and acquisitions became central features of organizational life in the last part of the 20th century, particularly as organizations seek to establish and
EDSE 600: History and Philosophy of Education / / 3.0 credits The class entitled, History and Philosophy of Education, focused on the origin of education and the "philosophical influences of modern educational theory and practice. Study of: philosophical developments in the Renaissance, Reformation, and revolutionary periods; social, cultural and ideological forces which have shaped educational policies in the United States; current debates on meeting the wide range of educational and social-emotional
A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for