Balance Sheet Essays (Examples)

Filter results by:

 

View Full Essay

Balanced Scorecard the Company That I Am

Words: 681 Length: 2 Pages Document Type: Essay Paper #: 42092135

Balanced Scorecard

The company that I am going to study is Google. This company makes most of its money from online advertising. hile it has a wide range of different services and products -- Android and Chrome being to prominent ones -- advertising is where it makes its money. The mission of Google is to "organize the world's information and make it universally accessible and useful" (Google.com, 2013). The company does not have an explicit vision statement. It competes on a differentiated strategy. This means that it seeks to sell more ads than its competitors by delivering the most eyeballs, but also by being able to provide significant data about those eyeballs. Google sells ads, therefore, by allowing its customer to better target their ads, something that adds value. Competing on value-added is typically associated with a differentiated strategy.

Google has a rather exceptional financial situation, in that it is…… [Read More]

Works Cited:

MSN Moneycentral. (2013). Google. Retrieved April 30, 2013 from http://investing.money.msn.com/investments/stock-balance-sheet/?stmtView=Qtr&symbol=GOOG

Google.com. (2013). About Google. Google.com. Retrieved April 30, 2013 from  http://www.google.com/about/company/ 

Forbes. (2013). Best companies to work for 2013. Forbes. Retrieved April 30, 2013 from http://money.cnn.com/magazines/fortune/best-companies/2013/snapshots/1.html

Stewart, J. (2013). Looking for a lesson in Google's perks. New York Times Retrieved April 30, 2013 from http://www.nytimes.com/2013/03/16/business/at-google-a-place-to-work-and-play.html?pagewanted=all
View Full Essay

Balanced Scorecard Method Performance Measurement

Words: 13021 Length: 45 Pages Document Type: Essay Paper #: 36300732

However, none was found that centered on small hotels in China. This research add to the existing body of research by providing an assessment of the balanced scorecard method in this special business setting. The information obtained by this study will help to make small hotels in China more competitive and able to compete well into the future.

This research will play an important role in the development of the small hotel business in China in several important ways. It will help them to see what areas of their business need improvement, it will help them to pinpoint specific problems within their organization. It will help to bring weakness from obscurity into the forefront where solutions can be found. It will also show them their strengths and the area that could be developed for even greater prosperity in the future. This research will help small hotels to develop long-term vision…… [Read More]

References

Alleyne, P., Doherty, I. And Greenidge, D. (2006). Approaches to HRM in the Barbados Hotel Industry. International Journal of Contemporary Hospitality Management, 18, 2, 94 -- 109.

Balanced Scorecard Institute. 2009. Balanced Scorecard Basics. [Online]. Available at: http://www.balancedscorecard.org/BSCResources/AbouttheBalancedScorecard/tabid/55/Default.aspx

Business and Strategy Insight for You. 2009. [Online]. Available at:   http://strategy-insight.blogspot.com/2008/12/balanced-scorecards-case-study-in.html  

Chen, C.N. And Ting, S.C. 2002. A Study Using the Grey System Theory to Evaluate the Importance of Various Service Quality Factors', the International Journal of Quality & Reliability Management, 19, 6, 838 -- 861.
View Full Essay

Balanced Scorecard Google's Internal Business Processes Are

Words: 605 Length: 2 Pages Document Type: Essay Paper #: 17944695

Balanced Scorecard

Google's internal business processes are surprisingly informal for a group of engineers. Rather, Google likes to encourage the creative side of their workers, and so there is an emphasis on projects, even where there is no clear objective at the outset. The company also embarks on projects where there is no clear profit potential -- such is life at a company with $50 billion in the bank. The reality is that Google does all of this because it recognizes the importance of intellectual property in its success. The company hires great people, but then it allows them to innovate and perform, and the internal operations are specifically design to remove constraints to innovation.

On the more conventional side of the business, where Google runs the advertising business that makes all of its money, the company does have more formalized business processes. There is still an element of innovation…… [Read More]

View Full Essay

Financial Perspective and Balanced Scorecard

Words: 954 Length: 3 Pages Document Type: Essay Paper #: 8052225

BALANCED CORED CARD & THE FINANCIAL PERPECTIVE

The Balanced corecard & the Financial Perspective

CCRC (Cattaraugus County Rehabilitation Center) is a non-profit organization that focuses on the rehabilitation of disabled people in order to improve their quality of life. The organization also delivers the comprehensive services for disabled people to achieve maximum independence. imilar to the for-profit organizations that used balanced scored to maximize their revenues, the Center also attempted to use the strategy planning tools to enhance its effectiveness, however, the organization faced several challenges in its implementation. The new Director of the trategic Planning introduced the Balanced corecards tool "to cascade strategic planning throughout the entire organization." (Martello, Watson, Fischer, 2008, p 72). The goal of using the corecard is to align each area of the organization with the overall strategic plan.

This paper argues that the organization has done a good job by implementing the Balanced corecard…… [Read More]

Sources)

$0

Total Contributions

$927,807

Program Service Revenue
View Full Essay

Implementation of Balance Score Card Approach

Words: 871 Length: 3 Pages Document Type: Essay Paper #: 16408781

Balanced Scorecard Approach by Cattaraugus County eHabilitation Center

Unlike many so-called "management fads" that emerged over the past 20 years, the balanced scorecard approach has been shown time and again as an effective way for companies of all sizes and types of better manage their resources in ways that provide them with a competitive advantage. This paper provides a review of the relevant literature to demonstrate that Cattaraugus County ehabilitation Center did an effective job of implementing a Balanced Scorecard approach in a fashion that reflects their organizational mission and vision. A summary of the research and important findings concerning the Center's implementation of a balanced scorecard approach are presented in the conclusion.

eview and Discussion

Balanced Scorecard Overview

The Balanced Scorecard approach was developed and refined during the 1990s by Kaplan and Norton with the goal of identifying those factors that are most responsible for driving organizational performance (Martello,…… [Read More]

References

Mackay, A. (2004, October). A practitioners' report based on: Shareholder and stakeholder approaches to strategic performance measurement using the Balanced Scorecard. CIMA

Research Report.

Martello, M., Watson, J.G., & Fischer, M.J. (2008, September). Implementing a Balanced

Scorecard in a not-for-profit organization. Journal of Business & Economics Research,
View Full Essay

Cash Budget and Target Cash Balance the

Words: 946 Length: 3 Pages Document Type: Essay Paper #: 60004398

Cash budget and target cash balance

The target cash balance is defined as the ideal cash amount a company intends to hold in its reserve at a given time. This figure seeks to strike a balance between the balance sheet costs of extremely little and too much cash. While a company with surplus cash at hand may misuse on investment opportunities, a company with poor cash will often be forced to make undesirable transactions to create more operating capital (Besley & Brigham, 2011). Individual investors are advised to set their target balance too. They may estimate at least the percentage of their holdings in cash to avoid such pitfalls.

Cash budget refers to the operating budgets and capital expenditures. It begins with the initial cash balances then cash inflows are added to the available cash. Cash outflows will then be subtracted to obtain the cash balance. If the cash balance…… [Read More]

References

Besley, S., & Brigham, E.F. (2011). Principles of finance. Mason, Ohio: South-Western.

Brigham, E.F., & Daves, P.R. (2012). Intermediate financial management. Mason, Ohio: South-Western.

Brigham, E.F., & Houston, J.F. (2012). Fundamentals of financial management. Mason, Ohio: South-Western Cengage Learning.

Ehrhardt, M.C., & Brigham, E.F. (2009). Corporate finance: A focused approach. Mason, OH: South-Western/Cengage Learning.
View Full Essay

Uefa Regulations of Competitive Balance

Words: 1934 Length: 6 Pages Document Type: Essay Paper #: 72794712

The impact of the UEFA implementation of the Fair Play Financial egulations could have a ripple effect that hurts soccer teams around the globe.

The Zimbalist article entitled, "Sport as Business" (2003) also brings up a good point about the socialization of sports leagues. Before the UEFA regulations take effect, the league operates in a relatively capitalist manner. Certainly many of the monetary imbalances that exist are not readily apparent when officials audit the books of the different teams, but as a business model, the new UEFA regulations may very well hurt the revenues of the entire league, not just certain teams specifically (Zimbalist, 2003). This would occur as club owners looking to turn a profit would be severely limited by financial restrictions put in place that force owners to stay debt-free. Owners will have less opportunity to attract talented players, especially owners of teams whose revenue is rather small.…… [Read More]

References

Conte, Niccolo. 2010. "UEFA's Financial Fair-play and why we should care." Soccer Lens

Homepage. Found Online August 15, 2010 at <  http://soccerlens.com/uefas-financial-fair-play-and-why-we-should-care/52314/ >.

Ducrey, Pierre; Ferriera, Carlos Edward; Huerta, Gabriel; and Kevin Tallec Marston. 2003.

"UEFA and Football Governance: A New Model." Centre International D'Etude Du Sport.
View Full Essay

Corporate Outsourcing - Balance of

Words: 692 Length: 2 Pages Document Type: Essay Paper #: 93575344



In other words, on a balance sheet, outsourcing often makes sense. Take the following example of a study of one hundred domestically run company, where "on average," it cost an accounts payable department $16.54 to process a vendor payment," meaning that it cost the company "probably $10.50 - $11.00" to collect payment while using internal company labor on a permanent basis. (Cass, 2005) By out sourcing collection to a cheaper foreign or domestic firm, the original firm could save a great deal using workers in this relatively unobtrusive and mechanical capacity.

However, highly publicized, extensive use of outsourcing is not always so hidden -- for example when troubleshooting staff at a computer company may be technically literate, but not technically or colloquially fluent with the English language of most of the users of a 'help line.' Exploitation of local labor in poorer nations of Asia and Africa has incurred negative…… [Read More]

Works Cited

Cass Informations Systems. (2005) "ROI Outsourcing." Retrieved 26 Jul 2005 at http://www.cassinfo.com/cassutility/how_much.html

Donlon, Peter & John Kropp. (2005) "Offshore vs. Onshore outsourcing." API Company News. Retrieved 26 Jul 2005 at http://www.apioutsourcing.com/company/news15_offshore_vs_onshore.html

Outsourcing Discussion. (2005) Cadence Corporation. Retrieved 26 Jul 2005 at http://cadence.advanstar.com/ubbthreads/showflat.php?Cat=&Board=Outsourcing&Number=11834&Main=9990
View Full Essay

Application of Financial Statement

Words: 541 Length: 2 Pages Document Type: Essay Paper #: 11076185

alance sheet of a business describes a picture of that business from a financial point-of-view. The balance sheet represents a real time analysis of the company and can assist all those who understand its purpose in gaining a full understanding of conducting the operations of that business. The balance sheet of a company will have sections identifying the company's assets liabilities and equity.

Assets describe the positive and liquid attributes of a company. Liabilities have the opposite effect. The equity of a balance sheet highlights the relationships between the liabilities and the assets of the organization. The owner's equity of the balance sheet helps introduce capital that is unaccounted for in either the liabilities or assets portion of the balance sheet.

Liquid assets include cash, inventory, money received from paying customers, prepaid expenses. Investments, property and other intangible assets are included within balance sheets. Liabilities include money owed to accounts,…… [Read More]

Bibliography

Tulisan, P. (2010). Understanding the importance of a balance sheet. Interview on MSNBC 20 June 2010. Viewed 20 Aug 2011. http://www.youtube.com/watch?v=mjcy- UI90wE&feature=related

"U.S. Small Business Administration sample spreadsheet for a small business." Archived from http://web.archive.org/web/20070715223932/http://www.sba.gov/library/balsheet.xls. Retrieved 2011-08-20.
View Full Essay

Fact Sheet on Hypomagnesaemia

Words: 452 Length: 2 Pages Document Type: Essay Paper #: 32690635

Hypomagnesemia

Fact Sheet on Hypomagnesemia

Hypomagnesemia: An overview

Etiology, pathophysiology, incidence & prevalence

Hypomagnesemia, otherwise known as magnesium deficiency, is defined as the patient possessing a serum Mg concentration of < 1.4 mEq/L (< 0.70 mmol/L) (Lewis 2009).

Differential diagnosis

Hypomagnesemia is often seen in alcoholics, in pregnant or nursing women, or patients with gastrointestinal disorders due to their inadequate intake of vital fluids and excessive secretion. Other complaints associated with the deficiency include hypercalcemia after removal of parathyroid tumor and diabetic ketoacidosis (Lewis 2009).

Evaluation

An evaluation of the patient, in addition to lab work, will involve a full examination and a review of his or her disease history associated with hypomagnesemia.

History

Given the causes include taking drugs such as furosemide; a full medical review of the patient's history must be considered (Lewis 2009).

Physical examination

Common symptoms can be both psychological as well as physical in nature…… [Read More]

References

Lewis, James. (2009). Disorders of Magnesium concentration. Merck Manuals. Retrieved:

http://www.merckmanuals.com/professional/endocrine_and_metabolic_disorders/electrolyte_disorders/disorders_of_magnesium_concentration.html
View Full Essay

Work Life Balance

Words: 1478 Length: 5 Pages Document Type: Essay Paper #: 2979248

Wok-Life Balance

The objective of this eseach is to examine how business manages should deal with the wok-life balance issues of thei employees. This will be accomplished by conducting a eview of the liteatue in this aea of study and will include pevious studies and epots of an academic and pofessional pee-eviewed natue.

The pesent economy has made the suvival of businesses a challenging pusuit with climbing costs of labo not to mention the opeating expense fo a business. Howeve, flexibility is a pimay chaacteistic of the business that will suvive the pesent economic slump. In addition to the pesent state of the economy a epot published by the Society fo Human Resouce Management and specifically the 'Wokplace Foecast' elates that 57% of human esouces pofessionals "ageed that thee will be an inceased demand fo wok-life balance in the coming yeas." (Avats, 2010, p.1) In a sepaate study epoted by…… [Read More]

references and Business Need to Achieve Business Success. Everything Business Corp! 18 Mar 2010. Retrieved from: http://www.corpmagazine.com/management/human-resources/itemid/1369/the-importance-of-worklife-balance-aligning-staf

Buchanan, Leigh (2010) How to Improve Your Employees' Work-Life Balance. 8 Jun 2010. Inc. Top Small Company Workplaces. Retrieved from:  http://www.inc.com/top-workplaces/2010/how-to-improve-your-employees-work-life-balance.html 

Kubal, Diane and Newman, Janice (2010) Work-Life Balance a Key Tool for Retention. Workforce Management. Retrieved from: http://www.workforce.com/section/recruiting-staffing/feature/work-life-balance-becoming-key-tool-retention/

Martin, Judy (nd) Work-Life Balance & Employee Engagement. Evan Carmichael. Retrieved from: http://www.evancarmichael.com/Work-Life/1875/WorkLife-Balance -- Employee-Engagement.html

Work-Life Balance: The Business Case (2010 Education Queensland. Work-Life Association Fact Sheet. Retrieved from: http://www.worklifeassociation.org/uploads/File/businessfactsheet.pdfhttp://www.worklifeassociation.org/uploads/File/businessfactsheet.pdf
View Full Essay

Philosophies Procedures of the Balanced

Words: 1815 Length: 6 Pages Document Type: Essay Paper #: 5330712



As a conclusion I must state that I agree with the philosophies of the ARJ method. I believe that all people must receive equal chances. I am sure that the children usually do not intend to act in a criminal way. I believe that those who adopt this type of conduct are either doing it because of the bad conditions within the family or because of the other influential factors (like the group of friends). However, no matter of the influence, the important fact is for the child to recover. ARJ offers him the change to gain certain skills and to be able to use them in the future, in the process of his professional development. In addition to that, by reestablishing the order inside the community and by letting the child do some community work, the court is making sure that there will be fewer chances for him to…… [Read More]

Bibliography

Pennsylvania Commission of Crime and Deliquency "Balanced and Restorative Justice (BARJ)" 25 Aug 2005, 10 Nov 2006 http://www.pccd.state.pa.us/pccd/cwp/view.asp?A=1387&Q=569712

Juvenile Law Center, Advancing the Rights and Well-being of Children in Jeopardy "Pennsylvania's Juvenile Justice System," 1996, 10 Nov 2006,    http://www.jlc.org/index.php/factsheets/pajj#ENT0   

Angeline Spain, Spotlight Pennsylvania, "The Case-Closing Project: an evaluation of BARJ in Pennsylvania," June 2004, 10 Nov 2006, http://www.neglected-delinquent.org/nd/resources/spotlight/spotlight200405b.asp

Peter Freivals, Office of Juvenile Justice and Delinquency Prevention Fact Sheet #42, Balanced and Restorative Justice Project (BARJ), July 1996, 11 Nov 2006 http://www.ncjrs.gov/pdffiles/91415.pdf
View Full Essay

Focus Sheet Tamara

Words: 525 Length: 2 Pages Document Type: Essay Paper #: 54089882

Tamara

Primary activities: Improving grades; improving athletic performance; increasing healthy behaviors; decreasing unhealthy behaviors; reducing stress

Schedule activities and setting priorities: Tamara will keep a record of tasks on a monthly basis to do every day, labeling them high-priority, medium-priority, and low-priority to avoid getting stressed. This will include exercise and study time as well as formally scheduled activities and also what she eats and drinks every day.

Focusing on goals in a SMART fashion: Set short- and long-term goals that are SMART (specific, measurable, actionable, realistic and timely) for every primary activity domain under her set goals.

Delegate responsibilities to self and others: Determine which actionable goals (such as getting to the weight room three times a week and running twice a week) can be accomplished alone. Determine which actionable goals (such as getting to sleep on time and eating healthfully, which requires roommates to cooperate by not disturbing…… [Read More]

View Full Essay

GM and Toyota General Motors

Words: 3237 Length: 12 Pages Document Type: Essay Paper #: 16414344

Total Ops.

8,485,608

7,061,704

3,638,889

3,445,640

* = Data not available

(Forbes, Toyota income statement, 2013).

Examining the income statements, Toyota's income fell from the previous three quarters, and the fall was somewhat substantial. Given that GM's net income did not demonstrate the same pattern, it does not appear to be the result of cyclical changes in the automotive sales cycle. In addition, Toyota's total revenue and net income appear to be more directly and positively correlated that GM's revenue and net income.

Balance Sheets

A company's balance sheet is another way of summarizing the company's financial health. A balance sheet is a "financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders" (Investopedia, Balance sheet, 2013).…… [Read More]

References

Chu, M. (2012, March 27). Is GM a good stock to buy right now? Retrieved February 12, 2013

from Insider Monkey website:   http://www.insidermonkey.com/blog/is-gm-a-good-stock-to-buy-right-now-11565/  

Forbes. (2013). General Motors Company (NYSE: GM): Balance sheet. Retrieved February

12, 2013 from Forbes website: http://finapps.forbes.com/finapps/jsp/finance/compinfo/FinancialIndustrial.jsp?tkr=gm&period=qtr
View Full Essay

Diversification of Banking Returns Through Greater Share

Words: 1592 Length: 5 Pages Document Type: Essay Paper #: 64318924

Diversification of anking Returns Through

Greater Share of Non-Interest

Income and Off-alance Sheet Activities

The banking system was considered to be stable before the great financial crisis of 2007. The banking system faced the worst turmoil during that period due to the evolution of the nature of banking activities. anks started to employ diversify their sources of income. efore 2007, the one and only function of banks was to take deposits and lend money. Diversification of banking returns included many off-balance sheet activities and non-interest incomes into the features of the banks. The extra features are collectively known as shadow banking because of the lack of transparency in it. These activities increased the borrowing and lending and eventually, everyone was in a financial turmoil.

"The advent of shadow banking has fundamentally altered the nature of banking. Where once banks weremainly in the traditional business of taking deposits and making loans,…… [Read More]

BIBLIOGRAPHY

Calmes, Christian, & Theoret, Raymond. "Bank Systemic Risk and the Business Cycle: Canadian and U.S. Evidence." Paper presented at Annual Conference of SocieteCanadienne de Science Economique, Canada, April 27, 2011.

Calmes, Christian and Raymond Theoret. "Financial Services."Lifting the Veil: Regulation and Shadow Banking (2011): 1-6.

Calmes, Christian, & Theoret, Raymond. "The Rise of Shadow Banking and the Hidden Benefits of Diversification." Paper presented at C.D. Howe Institute Conference, Canada, April 2011.

John. H, Boyd and Gertler Mark. "Are Banks Dead? Or Are The Reports Greatly Exaggerated." NBER Working Paper Series (1995): 2-7.
View Full Essay

Financial Stability Through Bank Diversification the Banking

Words: 3156 Length: 10 Pages Document Type: Essay Paper #: 16266436

Financial Stability Through ank Diversification

The banking industry of the United States of America is witnessing a major shift in the revenue making procedures. The banks are now inclined towards generating income from non-interest-based sources such as fee income, service charges and trade revenue etcetera instead of the traditional process of loan making. Noninterest income has always played an influential role in the revenue generation of the banking system. It'd evident from the fact that by the year 2000 the noninterest income accounted for forty three percent of the total banking revenue which is a massive rise from the twenty five percent in the year 1984.[footnoteRef:2] (Stiroh, 2004) [2: Kevin Stiroh, 2004. "Diversification In anking: Is Noninterest Income The Answer?" Journal of Money, Credit and anking 36(5), 853-882]

According some scholars, the shift in the revenue generation process, on the one hand, has led towards an evident increase in the…… [Read More]

Bibliography

Adrian, T, Shin, H.S., 2009. "The Shadow Banking System: Implications for Financial Regulation." Staff Report, Federal Reserve Bank of New York.

Brunnermeier, M.K., 2009. "Deciphering the Liquidity and Credit Crunch 2007-2008." Journal of Economic Perspectives 23, 77-100

De Jonghe, O.G., 2010. Back To the Basics in Banking? A Micro-Analysis of Banking Stability. Journal of Financial Intermediation 19, 387-417.

Lozano-Vivas, A, Pasiouras, F, 2010. "Bank Productivity Change and Off-balance-sheet Activities across Different Levels of Economic Development." Working Capital, Technical University of Crete.
View Full Essay

Application of Financial Statement

Words: 983 Length: 3 Pages Document Type: Essay Paper #: 69252774

Financial Statement

The four financial statements are the balance sheet, income statement, statement of cash flow, and statement of owner's equity. Briefly, the balance sheet is comparison of assets to liabilities and equity. This statement is indicative of a company's position at a specific time. The income statement is a record of a company's operations over a given period of time. It shows a company's expenses, losses and revenues and is indicative of the company's net income during that period of time. The statement of cash flows is intended to provide information about a company's cash receipts and cash payments for operations, investments and financing during an accounting period. Finally, the statement of owner's equity is intended to show changes in owner's or shareholder's equity from one fiscal year to the next. Owner contributions and any additional capitol, such as the sale of new shares, are added to the equity,…… [Read More]

References

Kurtz, D.L. (2010). Contemporary Business, 13th ed. Hoboken, NJ: John Wiley & Sons Inc.

U.S. Security and Exchange Commission. (2007, February 5). Beginner's guide to financial statements. U.S. security and exchange commission. Retrieved August 24, 2012, from  http://www.sec.gov/investor/pubs/begfinstmtguide.htm 

"Uses of the income statement in financial accounting." (2010). Financial-accounting.us, Retrieved August 24, 2012, from  http://www.albany.edu/news/pdf_files/impact_of_aging_excerpt.pdf
View Full Essay

Financial Accounting in Module 2 the 35 000

Words: 496 Length: 2 Pages Document Type: Essay Paper #: 38863315

Financial Accounting

In Module 2, the $35,000 worth of goods was never purchased, so that figure is irrelevant. Now with Module 3, we begin with a balance sheet that does not balance. To this, several changes are to be made. The company raised an additional $225,000, which balances because Common Stock increases by that amount, and the company receives that much Cash. The dividends represent a decline in cash of that amount, and a decline in Retained Earnings. The asset is covered by $400,000 in the land less $50,000 in cash, and the other $350,000 goes to Notes Payable. The result is as follows:

The first major adjustment that needs to be made, based on Module 2, is that the company needs to add back the $35,500 worth of inventory. This should never have been removed. The second adjustment is that the profit would have been higher, by $35,500 because…… [Read More]

View Full Essay

Noncurrent Assets Current Assets One May Define

Words: 1040 Length: 3 Pages Document Type: Essay Paper #: 31165777

Noncurrent Assets

Current assets

One may define assets as those properties that are under the ownership or are the possession of a firm. Assets are divided into two like current assets and long-term assets. Long-term assets include land, buildings, and firm vehicles. Current assets are those assets that the firm can easily change their form of cash and they are perceived to take less than one year. Such assets include cash, debtors and stock (Vause, 2009).

Noncurrent assets

This is the other group of assets apart from the current assets but current assets are expected to change their form within the period of one year (the normal business operating cycle). The major non-current assets are as follows: long-term investment, intangible assets, equipment, plant and property. We have other terms that people are used in place of non-current assets and they include long-lived assets, long-term assets and fixed assets just to…… [Read More]

References

Alexander, D., Britton, A., & Jorissen, A. (2007). International financial reporting and analysis. London: Thomson Learning.

Van, W.G. (2007). Municipal management: Serving the people. Cape Town: Juta.

Vause, B. (2009). Guide to analyzing companies. New York: Bloomberg Press
View Full Essay

Long-Term Financial Planning FedEx Corporation FedEx Corporation

Words: 1117 Length: 4 Pages Document Type: Essay Paper #: 80308048

Long-Term Financial Planning

FedEx Corporation

FedEx Corporation was established in 1971 and the company has four distinct business segments that include FedEx Express, FedEx Ground, FedEx Office and FedEx Freight. Over the years, the company has obtained 6-year of CAG (compounded annual growth of 5%). However, the company is likely to obtain similar CAG of 5.9% over the next 8 years based on current economic environment. (FedEx Corporation .2010.

The WACC (weighted average cost of capital) is the average interest rate that a company should pay in order to secure a project. Moreover, WACC is the average rate of return that a company must earn from its current assets to satisfy investors, shareholders and creditors. Since FedEx Corporation is always trying to create value for shareholders, the paper calculates the WACC of the FedEx to evaluate the company ability to generate returns from its assets.

Estimation of WACC of the…… [Read More]

Reference

FedEx Corporation (2010. Annual Report.USA.
View Full Essay

Business Plan the Business That I Am

Words: 1738 Length: 5 Pages Document Type: Essay Paper #: 73838016

Business Plan

The business that I am going to start is a small coffee microroastery and shop. The company will perform two basic functions. The first is a product function, the roasting of coffee beans. Green beans will be received by the company, roasted, and then both used in the shop and made available for a variety of retail channels. The second function will be a service function, based on the production and serving of beverages and light snacks. The staffing plan will be simple. The owner/manager/roaster will perform most of the management tasks associated with the shop. There will be an assistant manager who doubles with barista duties, as well as 4-6 part-time staff members, filling 3 FTEs in the barista/service function. This plan is based on experiences at other, similar operations, in addition to meeting a few other needs. One is the need to keep costs down, and…… [Read More]

Works Cited:

Inc. (2000). Cash vs. accrual accounting. Inc. Magazine. Retrieved November 13, 2012 from  http://www.inc.com/articles/2000/04/19194.html 

IRS.gov (2012). Limited liability company (LLC). Internal Revenue Service. Retrieved November 13, 2012 from http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Limited-Liability-Company-%28LLC%29

KPMG. (1999). Internal control: A practical guide. KPMG. Retrieved November 13, 2012 from www.ecgi.org/codes/documents/kpmg_internal_control_practical_guide.pdf

Perez, W. (2012). Types of business organization. About.com. Retrieved November 13, 2012 from http://taxes.about.com/od/taxplanning/a/incorporating_2.htm
View Full Essay

Tenet Healthcare Corporation Tenet Healthcare Corp This

Words: 799 Length: 3 Pages Document Type: Essay Paper #: 72127542

Tenet Healthcare Corporation

Tenet Healthcare Corp

This paper examines the financial statements of Tenet Healthcare Corporation, reviewing their important components and discussing their interrelationship.

Tenet's annual report for the year ending December 31, 2011 provides information on the firm's financial health. The balance sheets provide information about what the company owns and what it owes. The income statements provide information about how much money Tenet earned and spent, and the cash flow statements show information about the exchange of money between Tenet and other parties.

Tenet's Balance Sheet

Tenet's balance sheet provides detailed information about its assets, liabilities and shareholders' equity. Tenet's assets are what it uses to operate its business, while its liabilities and shareholders' equity are two sources that support those assets. Tenet's liabilities are amounts of money that it owes to others. Shareholders' equity is the amount of money invested in the company combined with retained earnings;…… [Read More]

Reference List

Tenet Healthcare Corporation. (2012). Form 10-K for year ended December 31, 2011. Available at: http://www.tenethealth.com/Investors/Documents/Q4%202011%20Earnings/CY11%2010-K%20FINAL.pdf
View Full Essay

Business Plan for a Market

Words: 1665 Length: 6 Pages Document Type: Essay Paper #: 83134472

This can be defined at the system level of the consultancy's network architecture. Finally the firewall of the systems will be defined also through the definition of system parameters throughout the network operating system running the entire firm (Malecki, 2012). There will be little resistance to change for each of these implementations as they are designed to protect and streamline the work being completed in the firm. There will also be a clearer sense of accountability over data security once the Practice Leaders and senior consultants realize that if they accidentally lose their iPhone, iPad or laptop all data will be erased immediately, which forces them to be more vigilant how they uses these systems and also how they are backed up.

Impact of the egulatory Environment

As the proposed research and advisory firm is a private corporation, it does not need to comply with the Sarbanes-Oxley (SOX) Act as…… [Read More]

References

Cox, J. (2009). iPhone winning over it security skeptics. Network World, 26(34), 1-1,12.

Hamblen, M. (2012). iPhone 5: Pros and cons in the enterprise. Computerworld, 46(17), 6-6.

Henry, E., Lin, S., & Ya-wen Yang. (2009). The European-U.S. "GAAP gap": IFRS to U.S. GAAP form 20-F reconciliations. Accounting Horizons, 23(2), 121-150.

Malecki, F. (2012). Next-generation firewalls: Security with performance. Network Security, 2012(12), 19-20.
View Full Essay

Day Spa Business Plan My Business Venture

Words: 853 Length: 3 Pages Document Type: Essay Paper #: 48138936

Day Spa Business Plan

My Business Venture is the Day Spa and my financial plan is to initiate, maintain, and improve the factors that will increase and stabilize my cash flow. My business will implement effective cost management to increase the business net worth in the first year and in the foreseeable future. The paper presents the pro-formal balance sheet based on some important assumptions.

My financial plan depends on some important assumptions listed as follows:

The plan assumes that the U.S. economy will continue to improve and the economy will not slide back into a major recession.

It is also assumed that the tax rates and interest rates will be based on the conservative rate.

The current average interest rate will be 6% and the long-term interest rate will be 5.25%.

It is also assumed that the tax rate will be 34%

The venture will achieve a success by…… [Read More]

References

Dul, J. & Hak, T. (2008). Case Study Methodology in Business Research. First Edition, Charon Tec Ltd., Great Britain.

Finch, B. (2007). How to Write a Business Plan. Second Edition, MPG Books Ltd. press, Great Britain.

Palepu, K.G. Healy, P.M, Bernard, V.L. (2004).Business Analysis & Valuation: Using Financial Statements. Third Edition, Mason, Ohio.
View Full Essay

Business Plan Description of the Business the

Words: 2458 Length: 8 Pages Document Type: Essay Paper #: 59203893

Business Plan

Description of the Business

The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well.

The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise of the bacon fetish, high end craft beer and coffee, cupcakes, the move of fine dining to the mass market and a full embrace by Americans of better quality indulgent goods. Much of this trend can be credited to the aging of the population, as people seek to maximize pleasure. They have the financial means to treat themselves, and seek to balance this hedonism with a desire to be healthy. The intersection of these ideals is where…… [Read More]

References

Bailey, E. (2013). Pros and cons of incorporation. Suite101.com. Retrieved November 14, 2013 from http://suite101.com/a/pros-and-cons-of-incorporation-a42401

FASB. (2013). International convergence of accounting standards. Financial Accounting Standards Board. Retrieved November 14, 2013 from http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176156245663

IRS.gov. (2013). Publication 946. Internal Revenue Service. Retrieved November 14, 2013 from http://www.irs.gov/publications/p946/ar02.html#en_US_2012_publink1000270861

NCA. (2013). Profile of the U.S. candy industry. National Confectioners' Association. Retrieved November 14, 2013 from http://www.candyusa.com/content.cfm?ItemNumber=1607
View Full Essay

Garmin Was Considered to Be a Company

Words: 1230 Length: 4 Pages Document Type: Essay Paper #: 75343693

Garmin was considered to be a company that was "well-run and positioned to grow" (Peters, 2006). The company's stock was trading around $93 per share at the time. The optimism surrounding Garmin was based on a strong balance sheet, technological innovation, double digit growth and the ability for the company to change direction. The company's core products, GPS systems for automobile consumers, were becoming viewed as valuable, if not essential, items, something that would have implied to an outside observer a strong long-run upside in demand (Pittsley, 2007).

Somewhere between its great starting position and this promised land, Garmin lost its way. The company, once lauded for its ability to "change direction," found itself unable to adapt to a major technological shift. In 2006, the smartphone market was relatively small, a niche business within the corporate telecommunications business. Palm and Blackberry were the dominant products. ith the iPhone, and later…… [Read More]

Works Cited:

Bylund, A. (2010). Garmin's last gasp? Fool.com. Retrieved May 20, 2012 from  http://www.fool.com/investing/general/2010/05/27/garmins-last-gasp.aspx 

Hesseldahl, A. (2009). Garmin, TomTom slash prices amid Google threat. BusinessWeek. Retrieved May 20, 2012 fromhttp://www.businessweek.com/technology/content/dec2009/tc2009128_481006.htm

MSN Moneycentral: Garmin. (2012). Retrieved May 20, 2012 from http://www.businessweek.com/investor/content/jun2006/pi20060620_778234.htm

Peters, J. (2006). Time to home in on Garmin. Business Week/Standard & Poor's. Retrieved May 20, 2012 from http://www.businessweek.com/investor/content/jun2006/pi20060620_778234.htm
View Full Essay

Sti vs USB the Capital Accounts for

Words: 1036 Length: 3 Pages Document Type: Essay Paper #: 15418477

STI vs. USB

The capital accounts for the two banks reveal a significant difference in the price-to-book ratios. Suntrust Banks has an equity value that is higher than the market cap of the company, a favorable price-to-book ratio that implies the company is undervalued on the market. U.S. Bancorp has a more typical price-to-book ratio where the market value of the firm is higher than the book value. Part of this difference is that U.S. Bancorp is experiencing modest sales growth, while Suntrust is facing sales declines in excess of 5% annually, such that its expected future worth is lower than its current worth.

For banks, the primary asset is the net loans, along with a category known as "other earning assets," which the annual report for Suntrust reveals to be securities available for sale, or short-term investments that the bank hold and upon which it earns interest. Other assets…… [Read More]

Works Cited:

MSN Moneycentral. (2013). Suntrust Banks. Retrieved February 16, 2013 from http://investing.money.msn.com/investments/stock-price?symbol=sti&ocid=qbeb

MSN Moneycentral. (2013) U.S. Bancorp. Retrieved February 16, 2013 from http://investing.money.msn.com/investments/stock-price?symbol=USB&ocid=qbeb

Suntrust Banks 2011 Annual Report. Retrieved February 16, 2013 from http://phx.corporate-ir.net/phoenix.zhtml?c=82273&p=irol-reportsAnnual

US Bancorp 2011 Annual Report. Retrieved February16, 2013 from http://phx.corporate-ir.net/phoenix.zhtml?c=117565&p=irol-reportsannual
View Full Essay

Financial Analysis the Current Ratios

Words: 870 Length: 3 Pages Document Type: Essay Paper #: 82913177



In the case of Arctic, the company is relying, in terms of long-term financing, almost exclusively on retained earnings. Retained earnings can be defined as earnings that are "retained by the company to be reinvested in its core business or to pay debt," basically, a form of not paying out dividend to the shareholders and reinvesting profit. Retained earnings amount for 65.1% of total asset value, a similar proportion as the one in 2003.

Retained earnings play the same role at Polaris as well. In 2004, these amounted up to 46.2% of total asset value. On the Polaris 2004 balance sheet, on the other hand, the retained earnings are accounted for as shareholders' equity.

As a conclusion in terms of debt usage, both companies use no or almost no long-term bank debts to finance their activity and there is no financial leverage worth analyzing. In both cases, the shareholders' equity…… [Read More]

The return on assets is calculated by dividing net income by the total assets value. The return on assets was 13.1% in 2004 for Polaris, with 16.5% in 2003. We can observe a 3.4% difference in the return on assets here and this can be explained by noticing that the total assets value increased with over 18%, while the net income actually decreased in value. This means that the newly acquired assets have not yet begun to generate income from their activity.

At Arctic, the return on assets was 10.6% in 2004 and 11.8% in 2003. The slight decrease in Arctic's return on assets value can bear the same explanation as in Polaris's case: net income decreased, while the total assets value has actually increased over this period.

The return on equity value will actually measure the amount of profitability that the shareholder obtains from the company. It is calculated by dividing the net income
View Full Essay

Business Plan Business Financial Plan for Sweet

Words: 1625 Length: 6 Pages Document Type: Essay Paper #: 44251310

Business Plan

Business Financial Plan for Sweet Tooth Treats

Baking has always been a major part of my family life, and for generations there has been infamous cookie recipes past down from one cook to the next. Every holiday season, my cookies are notorious for being the best any gift receivers have ever had. Finally, I believe it is time to make my baking hobby and actual money making enterprise. I know I have the recipe, the potential customers, and options for both retail space and an online presence. The only thing missing is the initial push to make this hobby an actual business -- Sweet Tooth Treats.

Business Start Up Plan

Product

The essentially product here is the various cookies, of different flavors and ingredients. I have several recipes for cookies, both permanent and seasonal variations. These products will be sold in both individual sales at a retail location,…… [Read More]

References

Colorado Small Business Association. (2012). The beginning balance sheet. Documents. Web. https://www.coloradosbdc.org/DocumentMaster.aspx?doc=4

Damrauer, Virginia Hire. (2010). One Good Cookie. National University. Web.  http://www.academia.edu/346438/One_Good_Cookie_A_Business_Plan 

Hub Pages. (2012). How to start your own cookie business from home. Small Business and Entrepreneurs. Web. http://kathrynvercillo.hubpages.com/hub/Start_Your_Own_Cookie_Business

Office of Financial Management. (2012). Generally Accepted Accounting Principles (GAAP). Accounting Principles. Web.  http://www.ofm.wa.gov/policy/80.20.htm
View Full Essay

Business Plan Relating to the Sale of a New Financial Divorce Software

Words: 6850 Length: 25 Pages Document Type: Essay Paper #: 96636947

Business Plan for a Financial Divorce Software

Business Plan Divorce Software

Business Plan relating to the Sales of a new Financial Divorce Software.

Business Plan relating to the Sales of a new Financial Divorce Software

F

F1

F2

F3

G1

G1(a)

G1(b)

G1(c)

Business Identification

Keys to Success

Company Summary

Industry History

Legal Form of Ownership

Location and Facilities

Management Structure

Products and Service

Market Analysis

Target Market

Industry Analysis

Competitive Analysis

Market Strategy

Ps of Marketing

Price List

Selling Strategy

Sales Forecast

Implementation Strategy

Overall Strategy

Implementation

Control Plan

Financial Statements and Projections

evenue and Cost Estimate

Forecasted Profit and Loss Statement

Forecasted Balance Sheet

Financial Assumptions

Breakeven Point

Financial Position

Capital/Investment Needs

Conclusion

eferences

Executive Summary

Financial planning is involved in every aspect of life. Individuals and businesses have to formulate their daily, monthly, and yearly budgets in order to achieve a balance between their incomes and expenditures.…… [Read More]

References

Association of Divorce Financial Planners, (2012). Divorce Financial Planning. Retrieved on July 7th, 2012, from

Blythe, J. & Megicks, P. (2010). Marketing Planning: Strategy, Environment and Context, 3rd Edition. U.K: Prentice Hall

Cadle, J., Paul, D., & Yeates, D. (2010). Business Analysis, 2nd Edition. Swindon: British Informatics Society

Francis, P. (2010). Creating the Marketing Executive of the Future Using Key Deming Principles, Journal of Executive Education, 9 (1): 127-138
View Full Essay

Horniman Horticulture Situation Analysis of Strengths and

Words: 896 Length: 3 Pages Document Type: Essay Paper #: 42629019

Horniman Horticulture

Situation Analysis of Strengths and Weaknesses

Since acquiring Horniman Horticulture in 2002, revenues have grown 39.8% through 2005 (Pg. 140). With projected revenue growth of another 25%, over 2005, to 1.3 million, Horniman Horticulture is successfully capitalizing on their market. The recent product line expansion into mature plants offers the opportunity for greater profit margins and a diversified customer base.

However, while the overall efficiency of operations demonstrates results exceeding benchmarked competitors, the deteriorating cash situation exposes the firm to ever-greater risks from any disruption of daily operations or business cycle fluctuations. The cash balance erosion, as well as the significant increase in accounts receivable, illustrates a firm that is undergoing rapid growth without a strategy to manage and stabilize their burgeoning business.

The product line expansion offers a diversity of customer base, which can insulate the firm from loss of any particular client, and the increased profit…… [Read More]

View Full Essay

Credit Risk in Banking in Agreement With the Basel Accords

Words: 13816 Length: 50 Pages Document Type: Essay Paper #: 65664414

Credit isk Management

Banks are an important part of the economy of any nation. Traditionally, the banks operate as financial intermediaries serving to satisfy the demand of people in need of various forms of financing. Through this, banks enable people to purchase home and businesses to expand. These financial institutions therefore facilitate investment and spending that are responsible for fueling the growth of the economy. In spite of their vital role in the economy, they are nevertheless prone to failure and just like other types of businesses, they also go bankrupt. Unfortunately, the failure of banks can have many and significant implications than any other type of business. As witnessed during the great depression, and in recent times following the global economic crisis and recession, the stability or lack of it in the banking system could trigger economic epidemics that would impact millions of people. With respect to this, it…… [Read More]

References

Bank for International Settlements (BIS). (2001). Consultative Document -- Overview of The New Basel Capital Accord. Basel Committee on Banking Supervision.

Basel Committee on Banking Supervision (1988) "International Convergence of Capital Measurement and Capital Standards" (www.bis.org/publ/bcbs04A.pdf).

Benston, G.J. (1998) "Regulating Financial Markets: A Critique and Some Proposals." Hobart Paper no. 135. London: Institute of Economic Affairs.

Blundell-Wignall, A., Atkinson, P. And Roulet, C. (2013). Bank Business Models and the Basel System: Complexity and Interconnectedness. OECD Journal: Financial Market Trends, Issue 2.
View Full Essay

Jim & Judy Choi's Bed & Breakfast

Words: 1325 Length: 4 Pages Document Type: Essay Paper #: 6309528

Jim & Judy Choi's Bed & Breakfast

As Jim & Judy Choi's banker, no, they should not be congratulated on their "profit." Since they have not done anything related to their actual business activities and have not actually made any money from their business, there is no profit to address. Profit comes from making money in a business, not from saving money that would otherwise be used to prepare for that business. Many people do not understand the difference, however, and that gets them into trouble when they attempt to create balance sheets and keep their accounting books in order for their company. The Choi's, for example, have managed not to spend every dime they were loaned and that they previously had in the bank, but that is not the same thing as making a profit once their business has been opened. They can only make a profit once they…… [Read More]

References

Elliot, B. & Elliot, J. (2004). Financial accounting and reporting, London: Prentice Hall.

International Accounting Standards Board. (2007). The framework for the preparation and presentation of financial statements.
View Full Essay

Is Caterpillar a Buy

Words: 4444 Length: 16 Pages Document Type: Essay Paper #: 75584166

Caterpillar

The world of investing is full of choices. Selecting those areas which can provide above average returns requires focusing on corporations with: strong management, balance sheets and business models. These elements allow firms to increase its earnings, dividends and shareholder value. This is what some of the most successful corporations do to achieve these objectives.

Since 1926, Caterpillar has been focused on providing tractors, construction equipment and other machinery to a variety of industries. The most notable include: oil / gas, construction and locomotives. Over the years, its business model has been continuing to evolve to meet the changing needs of customers. The result is that the firm is selling a variety of products in numerous countries around the world to include: the U.S., Canada, Brazil, China, the EU and ussia. (Standards and Poor's, 2014)

Caterpillar is organized into a number of different segments (i.e. Construction, esources, Power Systems…… [Read More]

References

2013 Annual Report. (2013). Caterpillar. Retrieved from: http://s7d2.scene7.com/is/content/Caterpillar/C10133618

Caterpillar. (2014). Yahoo Finance. Retrieved from: http://finance.yahoo.com/echarts?s=CAT+Basic+Chart#%7B%22range%22%3A%2210y %22%2C%22scale%22%3A%22linear%22%7D

Caterpillar Form 10K. (2014). Caterpillar. Retrieved from: http://finance.cat.com/cda/files/2449901/7/CFSC-12312013-10K%20PDF%20ALL.pdf

Caterpillar Reports Full Year 2013 Earnings. (2014). Caterpillar. Retrieved from: http://www.caterpillar.com/en/news/corporate-press-releases/h/caterpillar-reports-full- year-2013-results-including-record-operating-cash-flow.html
View Full Essay

Market Values UK Listed Companies Evaluate Companies

Words: 1445 Length: 5 Pages Document Type: Essay Paper #: 82046240

market values" UK Listed Companies evaluate companies Investor atios Profitability atios. With reference statement: require critically appraise importance market balance sheet UK listed companies critical assess a relevant range investor profitability ratios measuring performance.

Market value

Market value and balance sheet value

A British firm listed on the market is generally traded at its market value, regardless of its balance sheet value. At a simplistic level, the balance sheet value represents the value of the firm as it is computed within the organization and in terms of the company's resources, revenues and other internal values. The market value on the other hand is the value of the company as it is assigned by the multitude of players in the market, and which is often computed based on elements intrinsic to the market, such as profitability of the company, risks and so on.

At a more specific level, the two concepts…… [Read More]

References:

2010, Investor ratios, Bized, http://www.bized.co.uk/compfact/ratios/investor2.htm last accessed on December 15, 2010

2010, Profitability ratios, Morningstar, http://news.morningstar.com/classroom2/course.asp?docId=145093&page=6&CN=COM last accessed on December 15, 2010

2010, Investopedia,  http://www.investopedia.com  last accessed on December 15, 2010

Investment tips: what are key investment ratios? Essortment, http://www.essortment.com/career/keyinvestmentr_sape.htm last accessed on December 15, 2010
View Full Essay

Current and Noncurrent Assets

Words: 887 Length: 2 Pages Document Type: Essay Paper #: 89445817

Accounting is thought of by many as simply basic mathematics consisting of adding and subtracting totals to track a company's spending and expenses; however, accounting involves so much more. Accounting comprises of a multitude of financial concepts and transactions. This system covers a broad array of information but in this paper the current and noncurrent assets will be defined, contrasted, and compared. In addition, the order of liquidity and how this practice applies to the balance sheet will be reviewed. Accounting is the means of communicating the numbers and to be successful in business the numbers have to be known "cold." Therefore, it is imperative not only to communicate the numbers effectively but also to understand them to thrive in a world submerged with figures.

Current Assets

To understand assets, they first must be defined. Assets are resources such as land, computers, buildings, cash, and supplies owned by an organization.…… [Read More]

View Full Essay

Financial Accounting a Ratio Analysis

Words: 1423 Length: 5 Pages Document Type: Essay Paper #: 72738509

The industry average current ratio is 2.5 (MSN Moneycentral, 2009), so the Gap has less capacity to meet its current obligations than many of its peers. However, in the retail industry most firms have a large portion of their current assets tied up in inventory, which distorts the current ratio figures higher. The Gap's figure of 1.855 is strong and indicates that the company will have little difficulty in meeting its upcoming obligations.

Overall, the liquidity measures provide an indication of the company's short-term health. Low amounts of working capital or a poor current ratio can indicate that the firm is in short-term distress. The figures for the Gap in 2008 do not indicate a firm in financial distress. Rather, they indicate that the company will have little difficulty in meeting its upcoming financial obligations. The company has strong working capital figure and a high current ratio. The latter is…… [Read More]

Works Cited:

The Gap Inc., 2008 Form 10-K. Retrieved August 17, 2009 from http://www.gapinc.com/public/Investors/inv_fin_sec_filings.htm

MSN Moneycentral: The Gap Inc. (2009). Retrieved August 20, 2009 from http://moneycentral.msn.com/investor/invsub/results/compare.asp?Page=ProfitMargins&Symbol=GPS
View Full Essay

Absorption Costing the Financial Results for Starbucks

Words: 502 Length: 2 Pages Document Type: Essay Paper #: 44741772

Absorption Costing

The financial results for Starbucks and McDonalds over the past couple of years are as follows:

Starbucks

McDonalds

% Change

% Change

Revenue

COGS

AR

Inventory

This analysis shows that Starbucks has seen its revenues grow faster than its cost of goods sold, which is normally taken as an encouraging sign. When firms are able to grow their margins, they are able to have better bottom line profitability, and it also shows that the company's market power is improving. For McDonalds, the COGS grew at a slightly faster rate than the revenues. This means that to a minor extent, McDonalds was less able than Starbucks to pass along cost increases in factor inputs than Starbucks was last year.

An interesting point of analysis is that Starbucks saw all of its balance sheet line items increase much more quickly last year than the revenue or COGS. The receivables, payables…… [Read More]

View Full Essay

Financial Health Hyundai Company Analysis Finance Is

Words: 1699 Length: 5 Pages Document Type: Essay Paper #: 25931410

Financial Health

Hyundai company analysis

Finance is a critical function in any business. It acts as an indicator for the health of a company, as well as determining its growth. When a company realizes new investment opportunities and other future aspirations, finance enables such ventures. Thus, finance reflects the performance of an organization (Gruen & Howarth, 2005). Measurement of performance takes place over a period of time. Organizations practically present their financial performance on a quarterly and yearly basis while others carry out a monthly exercise of tracking their performance. The government requires that all companies present an annual assessment of their performance. The information is featured in the form of financial transactions of sales, investments, savings and others. The information is part of a document called the Annul eport. Investors are informed by the annual report of companies before deciding on whether to invest in the company (Mclean, 2003).…… [Read More]

References

Cleverly, W.O., Cleverly, J., & Song, P. (2011). Essentials of health care finance. Sudbury:

Jones & Bartlett Learning.

Gruen, R., & Howarth, A. (2005). Financial management in health services. New York: Open

Mclean, R. (2003). Financial management in health care organizations. Clifton Park: Delmar
View Full Essay

Lehmann Brothers Repo 105 Was

Words: 684 Length: 2 Pages Document Type: Essay Paper #: 77020333



According to Frank Ahrens (2010, April 20) not only did Lehmann Brothers hide this practice from the investing public, rating agencies, and government regulators, they even deceived their own board of directors. "In this way Lehmann reversed engineered the firm's leverage ratio for public consumption."

In 2008 analysts frequently asked about the means by which the company was able to achieve reduction in risk. Lehmann Brothers' company official reported reducing its leverage through the sale of less liquid asset categories claimed and simultaneously claimed they were trying to give the group a great amount of transparency on the balance sheet. (Ahrens, 2010, April 10)

Lehmann Brothers executives are currently under criminal investigation. Subpoenas in grand jury probes were issued as early as October, 2008. Andrew Clark (2010, March 12) reports the problem is that it isn't easy to prove fraud in many of these cases. A top law or accounting…… [Read More]

Resources

Ahrens, F. (2010, April 20). Lehmann brothers, the evil repo 105s and the danger of off-balance-sheet deals. washingtonpost.com, Retrieved on May 13,2010, from C:UsersOwnerDesktop

epo 105Economy Watch - Lehman Brothers, the evil Repo

105s and the danger of off-balance-sheet deals.mht

Clark, a. (2010, March 12). Lehman Brothers: Repo 105 and other accounting tricks.
View Full Essay

Diageo NYSE Deo Lse DGE

Words: 3683 Length: 14 Pages Document Type: Essay Paper #: 49864590

5% of assets to 24.6%, with a corresponding reduction in liabilities. This has been achieved with a slight reduction in the company's borrowings from 42.65% of assets to 42.03%. hile deferred taxes have increased, the company has seen its post-retirement benefits liabilities reduced. ith respect to the structure of Diageo's assets, non-current assets have been reduced slightly. Non-tangible assets (primarily intellectual property) did not change significantly in value. Diageo was able to reduce its inventories slightly in 2010, in addition to reducing its receivables. These moves allowed Diageo to improve its working capital management -- a greater percentage of its assets are held in cash and equivalents.

Overall, the balance sheet shows that the company is growing steadily. Diageo's total assets have increased 21.6% over the past two years, with increases coming in many key categories. Of note is one category that has not grown, receivables, illustrating that Diageo has…… [Read More]

Works Cited:

Diageo 2010 Annual Report. In possession of the author

Diageo.com (2011). Retrieved April 12, 2011 from "History"  http://www.diageo.com/en-row/ourbusiness/Pages/History.aspx  and "Half Year Results"  http://www.diageo.com/en-row/NewsMedia/Pages/resource.aspx?resourceid=724 

MSN Moneycentral: Diageo. (2011). Retrieved April 12, 2011 from http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=DEO
View Full Essay

Financial Project FedEx NYSE FDX

Words: 2204 Length: 8 Pages Document Type: Essay Paper #: 60966058

The horizontal analysis showed that FedEx's profits in 2009 were just 5% of their profits in 2007. Given that EBIT contributes to the T3 component of the Z-score, which is the most significant component by weighting, this would explain why the Z-score dropped so much. The other major contributor to the Z-score is the drop in the company's market cap. The market cap is deemed important in part because the market's view of company reflects the most known information at the time. The market has a strong ability to predict financial distress. A depressed stock price indicates that investors need a greater percentage return on the expected future cash flows from the company in order to invest -- an indicator that the market believes the firm's risk level has increased. The market cap contributes to the T4 component, which is the smallest component of the Z-score. However, the decline in…… [Read More]

Works Cited:

2009 FedEx Annual Report. Retrieved February 4, 2010 from http://files.shareholder.com/downloads/FDX/791567587x0x312397/557bd7f3-8372-4afe-a664-1fdb82a488b0/FedEx2009AnnualReportl.pdf

Loth, R. (2010). Financial ratio tutorial. Investopedia. Retrieved February 4, 2010 from   http://www.investopedia.com /university/ratios/ 

Market cap and other financial information from MSN Moneycentral. Retrieved February 4, 2010 from http://moneycentral.msn.com/companyreport?Symbol=U.S.%3aFDX

Altman Z-Score calculator from CreditGuru.com. Retrieved February 4, 2010 from http://www.creditguru.com/cgi-bin/calculator/calcAltZ.pl
View Full Essay

Morrisons Safeway the Advantages Disadvantages and Overall

Words: 1588 Length: 6 Pages Document Type: Essay Paper #: 29686016

Morrisons Safeway

The Advantages, Disadvantages, and Overall Utility of Income and Balance Sheets: A Case Study

From the various high profile accounting scandals of the past decade, from the Enron, World Com, and other scandals in close proximity in the early 2000s, to the creative accounting and asset bundling that helped to precipitate the global economic meltdown (and that made certain individuals at financial institutions like Goldman Sachs incredibly wealthy), the world of accounting has been thrust into the public limelight fairly frequently in the recent past. Greater scrutiny of accounting records and stricter regulations regarding the recording and reporting of accounting information is now being demanded by many governments the world over, with companies of course compelled to comply. This of course begs the question, how useful are these accounting records when making business decisions?

This paper will examine the degree to which some basic accounting figures proved advantageous…… [Read More]

References

Food Drink. (2004). Morrison sweetens Safeway offer. Accessed 12 March 2011.  http://www.foodanddrinkeurope.com/Retail/Morrisons-sweetens-Safeway-offer 

Funding Universe. (2003). Safeway PLC. Accessed 12 March 2011. http://www.fundinguniverse.com/company-histories/Safeway-PLC-Company-History.html

Hoovers. (2011). Wm Morrison Supermarkets PLC. Accessed 12 March 2011. http://www.fundinguniverse.com/company-histories/Safeway-PLC-Company-History.html

Morrison. (2011). Accessed 12 March 2011. http://www.morrisons.co.uk/
View Full Essay

Financial Comparison of Pepsi and Coke The

Words: 1873 Length: 7 Pages Document Type: Essay Paper #: 62388706

financial comparison of Pepsi and Coke. The comparison of the two companies is facilitated by the use of GAAP, which means that the financial statements of the two companies are constructed, broadly, according to consistent methodologies and criteria. As a result, there should be direct comparability between the statements of these two companies.

Two main techniques will be used for this comparison. The first is horizontal analysis, where the results of the company are compared against past results from the same company. The second is vertical analysis, where the results of each company are compared on a year-over-year basis according to how the different line items are weighted. The two companies can also be compared on this basis. Horizontal analysis allows the two companies to be compared on the basis of which company is growing faster or controlling costs better. The vertical analysis allows the two companies to be compared…… [Read More]

Overall, it is reasonable to conclude that the trends in the financials of these two companies favor PepsiCo, simply because the company appears to have responded to its financial challenges more quickly. For example, Pepsi had a massive increased in selling, general and administrative expenses in FY2010, but recovered to contain those expenses in FY2011. Compare this with Coca-Cola, where the firm's selling, general and administrative expense increased significantly in FY2011. It is worth considering, however, that the trends we are seeing may be reversed in the coming 2012 fiscal year. Both companies have the opportunity, having identified negative trends, to reverse those trends with solid financial management. When sales increase at a relatively slow rate, the best response is to cut the costs more rapidly. Both of these firms appear to take the view that revenues are cyclical and therefore it is not important to worry about slowdowns, but that is not the case at all. Both firms need to be more aggressive, because the vertical analysis shows that expenses as a percentage of revenues are increasing. This means that both companies have seen their margins reduced over the past couple of years.

Conclusion

Both Pepsi and Coke have had trouble recently on account of costs that are increasing much faster than revenues. However, we can see from this analysis that the costs associated with PepsiCo have been contained better than the costs that Coca-Cola faces. This tells us that Pepsi may well be responding better to a negative environment than Coke is. The company has maintained its margins better and in general outperformed its rival, based on horizontal and vertical analysis, over the past couple of years.
View Full Essay

Financial Comparison Financial Analysis Is a Tool

Words: 1718 Length: 6 Pages Document Type: Essay Paper #: 41879325

Financial Comparison

Financial analysis is a tool that allows third parties to analyze corporate financial statements. One of the main reasons that the Securities and Exchange Commission requires that statements are compiled and presented in a consistent manner is to ensure that third parties will be able to use the statements to compare different companies. These comparisons can, among other things, help with investment decisions. This paper will compare PepsiCo and Coca-Cola Company, the two leading soft drink marketers in the world. PepsiCo is actually the larger of the two companies, because it is more diversified, with its snack food properties. These properties also alter the company's finances, creating certain points of difference between the two companies. This report will cover a number of different forms of financial analysis, arriving at a conclusion about which company has the stronger financial position.

PepsiCo

The first set of ratios to be studied…… [Read More]

Works Cited:

FTC. (2010). FTC puts conditions on PepsiCo's $7.8 acquisition of two largest bottlers and distributors. Federal Trade Commission. Retrieved May 19, 2012 from http://www.ftc.gov/opa/2010/02/pepsi.shtm

Leckey, A. (2010). Coca-Cola Co. outlook strong after big acquisition. Los Angeles Times. Retrieved May 19, 2012 from  http://articles.latimes.com/2010/oct/31/business/la-fi-leckey-20101031 

Loth, R. (2012). Financial ratio tutorial. Investopedia. Retrieved May 19, 2012 from    http://www.investopedia.com /university/ratios/ #axzz1vG92KPwm 

MSN Moneycentral: PepsiCo. (2012). Retrieved May 19, 2012 from http://investing.money.msn.com/investments/stock-income-statement/?symbol=PEP
View Full Essay

Horizontal and Vertical Analysis of Starbucks

Words: 943 Length: 3 Pages Document Type: Essay Paper #: 97675936

Starbucks

As Starbucks' business has grown, so too have its accounts receivable. The accounts receivable grew 15.54% in 2013, then grew 12.4% in 2014 and 13.95% in 2015. This indicates strong growth year over year for the A/ at Starbucks.

In terms of vertical growth, the accounts receivable has been fairly steady as a percent of the company's total balance sheet, at around 5.8-5.9%. The one exception was in 2013, when it declined to 4.87%, but it went back up to normal levels the following year.

The company outlines its method of reporting its accounts receivable on page 54 of its 2015 Annual eport. The company notes that its receivables are mainly for product and equipment sales, and for royalties from licensees. The allowance for doubtful accounts is "calculated based on historical experience, customer credit risk and application of the specific identification method." Starbucks estimates that its allowance for doubtful…… [Read More]

References

MSN Moneycentral (2016). Starbucks. Retrieved April 3, 2016 from http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.SBUX.NAS?ocid=qbeb

Starbucks 2015 Annual Report. Retrieved April 3, 2016 from http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsannual
View Full Essay

Assessment of Nike Assets and Liabilities

Words: 895 Length: 2 Pages Document Type: Essay Paper #: 78420738

balance sheet would be recognized at historical cost?

The balance sheet presents a list of the firms' long- and short-term assets and liabilities. The historical cost convention sees assets measured at their historical price; the price that was paid for them when they were purchased, rather than estimating the current value. Where historical cost is used, the assets are assessed based on their historical value, and then deprecated over their estimated useful life. On Nikes balance sheet, it is the property, plant and equipment, including buildings, equipment and computer hardware and software are recorded at cost, which are listed under the long-term assets.

Which of the items listed using historical cost could potentially be the most undervalued?

The method of accounting for these assets means that at any point in time it is highly likely the book value of the assets on the accosting will different form the current value.…… [Read More]

Reference

Nike, (2015) 10k, available at http://s1.q4cdn.com/806093406/files/doc_financials/2015/ar/docs/nike-2015-form-10K.pdf
View Full Essay

Financial Statements in This Text

Words: 613 Length: 2 Pages Document Type: Essay Paper #: 37155782

Balance sheet items can also be used by investors to determine the financial health of a given company. This can be done through the analysis of the relevant financial ratios including but not limited to liquidity ratios.

4. The Cash Flow Statement

Of the financial statements discussed in this text, the cash flow statement is typically the last financial statement prepared. A cash flow statement in the opinion of Cunningham et al. (2011) "shows the changes in a business' cash during an accounting period by listing the cash inflows and outflows from its operating, investing and financing activities..."

easons for Preparing the Financial Statements in the Order Above

One of the main reasons why financial statements have to be prepared in a prescribed logical order has got to do with the need to transfer some pieces of information from one financial statement into the next. In this case, entries in…… [Read More]

References

Cunningham, B., Nikolai, L.A., Bazley, J., Kavanagh, M., Slaughter, G. & Simmons, S. (2011). Accounting: Information for Business Decisions. South Melbourne, Victoria Australia: Cengage Learning.

Porter, G.A. & Norton, C.L. (2010). Financial Accounting: The Impact on Decision Makers (7th ed.). Mason, OH: Cengage Learning.
View Full Essay

Finance Financial Assessment of Supervalu

Words: 3480 Length: 12 Pages Document Type: Essay Paper #: 94897314

Since 2010 the organization has demonstrated a decline in revenue of 11.08%. However, one would expect some decline as a result of the divestments took place in 2011.

The gross profit for the year ending 2012 was $8,019, which equates to a gross profit margin of 22.21%. However, the operating profit demonstrated a loss of $519, hindered by high ongoing Goodwin and intangible asset charges. However, was a lower operating loss compared to the operating loss in 2011 when it was $976.

The income statement shows the net earnings. In financial ***** earnings may be presented either before or after tax. As Supervalu are struggling and benefited from a negative tax payment in 2011, this report will use the definition of net earnings being earnings after tax. Calculated after provisions for income tax, showed a loss of $1,040, equating to -2.88%. However, it is notable that this is an improvement…… [Read More]

View Full Essay

Financial Statements as We Learned

Words: 584 Length: 2 Pages Document Type: Essay Paper #: 33687668

Companies use the income statement to show how successful the company is during specific time frames. Investors often want to know how much money is being brought in, they want to know that the company has enough funds to pay the operating expenses and any liabilities the company has.

Those same investors oftentimes wish to receive dividends on their shares of stock. They can ascertain whether the company has the means to do this by perusing the retained earnings statement. The retained earnings statement shows how much money the company has paid out, as well as how much the company has kept for future growth. If investors wish to buy a company that is going to be a strong growth company, then retained earnings is important because it will show that the company has the funds to do so.

A company's cash flow is a high priority to bankers, venture…… [Read More]

References

The Book ***

Weinstock, M.; (2008) Where Main Street & Wall Street cross, Hospitals & Health Networks, Vol. 82, No. 6, pg. 41
View Full Essay

Healthcare Financial Management Agency Problems

Words: 2192 Length: 6 Pages Document Type: Essay Paper #: 38619458

It may be most appropriate when there is a question of adding a new service or getting rid of a current service, but makes less sense for a department which is expected to continue in service.

Incremental budgeting is a part of the rolling forecast system. If there is a sudden spike in revenue, for example, it may make sense to do an incremental budget to take into account the new variable.

-down budgeting means that the CEO or CFO dictates how much money is present, and allocates it to each department. This has the benefit of control of expenditures, but the drawback that the department managers feel no responsibility to hew to a budget in which they had little or no input.

A s-up: This method starts at the department level and builds to an overall picture. While each department may want to have its needs fulfilled, there needs…… [Read More]

Bibliography

Economist. (2007, January 18). The Ivory Trade. Economist, p. n.p.

Fleisher, C.S. (1991). Using an Agency-Based Approach to Analyze Collaborative Federated Interorganizational Relationships. Journal of Applied Behavioral Science, 116-130.

Malkiel, B. (1996). A Random Walk Down Wall Street. New York: WW Norton.

Robinson, J.C. (1997). Physician-Hospital Integration and the Economic Theory of the Firm. Medical Care Research and Review, 3-24.
View Full Essay

Pacific Brands

Words: 1671 Length: 6 Pages Document Type: Essay Paper #: 3018165

Pacific Brands Limited

The Burst Bubble

Background Information and Industry Overview

Effects of the Global Recession

Balance Sheet Movements

In a perfect marketplace, such as the one championed by the proponents of the efficient market hypothesis, assets would be automatically priced correctly by the magic of the market place. However, in the real world, corporate assets often are overvalued or undervalued based on speculative pressure or possibly asymmetric information. The global recession caused havoc with its extensive intrusiveness into a plethora of unrelated industries. The common denominator that plagued seemingly unrelated industries is that consumer confidence fell through the floor.

Pacific Brands Limited was by not immune by any measure to the pressures placed upon them by the faltering market. In fact, it was quite the opposite. Since Pacific Brands claimed a holding that included an enormous amount of value in regards to its intangible assets it was more exposed…… [Read More]

Works Cited

Aegis Equities Research Pty Limited. "InvestSMART." Pacific Brands Limited (PBG). May 11, 2011. http://www.investsmart.com.au/shares/asx/Pacific-Brands-PBG.asp (accessed May 15, 2011).

Bloomberg. "Bloomberg." Snapshot - Pacific Brands Ltd. (PBG). May 14, 2011. http://www.bloomberg.com/apps/quote?ticker=PBG:AU#chart (accessed May 14, 2011).

Interbrands. "Pacific Brands." Interbrand. May 15, 2011. http://www.interbrand.com/en/our-work/Pacific-Brands.aspx (accessed May 15, 2011).

Martin, P. "Sack the CEO. And restart manufacturing." Peter Martin. March 2, 2009.  http://www.petermartin.com.au/2009/03/sack-ceo-and-restart-manufacturing.html  (accessed May 15, 2011).
View Full Essay

Bhp the Company I Am Studying Is

Words: 510 Length: 2 Pages Document Type: Essay Paper #: 36485137

Bhp

The company I am studying is BHP Billiton, the Australian mining company whose ADs trade on the New York Stock Exchange under the symbol BHP. The following is an analysis of how its GAAP balance sheet would correspond to an economic balance sheet.

Cash, STI, Cash equivalents

Core Operations

eceivables

Core Operations

Inventories

Core Operations

Other Current Assets

Non-operating net assets

Net property, plant and equipment

Core Operations

Goodwill and other intangible

Non-operating net assets

Investments and advances

Non-operating net assets

Accounts receivable, non-current

Core operations

Deferred non-current accounts

Non-operating net assets

Other non-current accounts

Non-operating net assets

Payables

Debt claims

Long-term debt and capital leases

Debt claims

Deferred liabilities, non-current

Debt claims

Minority interest

Other capital claims

Provisions, long-term

Debt claims

Provisions, current

Debt claims

Current debt

Debt claims

Deferred liabilities, current

Debt claims

Current portion of LTD

Debt claims

Other current liabilities

Debt claims

Capital stock

Equity…… [Read More]

References:

MSN Moneycentral: BHP Billiton. (2013). Retrieved October 27, 2013 from http://investing.money.msn.com/investments/stock-balance-sheet/?symbol=U.S.%3ABHP&stmtView=Ann

BHP Billiton 2013 Annual Report. Retrieved October 27, 2013 from http://www.bhpbilliton.com/home/investors/reports/Documents/2013/BHPBillitonAnnualReport2013.pdf
View Full Essay

Accounting - FedEx and UPS

Words: 3140 Length: 9 Pages Document Type: Essay Paper #: 69265327



Another factor that should be taken into consideration is that of overall strategy. Financial statements are snapshots, and sometimes it can be difficult to discern from looking at a small sample of them the firm's overall direction. Key strategic decisions can have a significant impact on the financial statements for a limited period of time. For example, during the period studied FedEx was having trouble absorbing Kinko's which it had purchased. These difficulties are not fully reflected on the income statements for 2005 and 2006. Instead, they appear as an unusual item (a writedown) in 2008. Likewise, UPS took a $6.1 billion writedown in 2007, which made the financial figures for that year look terrible. There is always strategic context in financial statements. That context is not always readily apparent, but it should be taken into consideration when analyzing the financial statements.

The potential impact of mergers and acquisitions should…… [Read More]