Preview

Glaxo Pakistan

Powerful Essays
Open Document
Open Document
8550 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Glaxo Pakistan
Table of Contents INTRODUCTION As per Jim Collins, *“V*ery few have a capability of going from Good to Great”. Many companies strive to be the best in the market. Most never succeed. Many do so only temporarily and subsequently lose their position through misunderstanding how they got there and what is needed to stay there. http://www.roi-ally.com/BPE_vol1.htm Therefore in order to maintain the business position and to identify its future needs, one requires an accurate analysis of the reality of the business situation and determine its financial health. This is rather complicated yet necessary for keeping one’s financial affairs clean and sustains the organization’s growth. Recognizing the importance of the above subject matter, I choose topic 8 for my research report i.e. “An analysis of the financial situation of your choice of organization.” The company selected for this purpose is *“*GlaxoSmithKline Pakistan Limited*”*, also referred to as “GSK” or “The Company”. REASON FOR CHOOSING THE TOPIC Topic selection is based on a number of factors which derived me towards selecting this topic for my thesis in comparison to other topics specified in research and analysis project guidelines. Following are the few reasons for choosing the said topic: Relevance to the Current profession: While working in the Financial Advisory Services Department of Deloitte Pakistan, I got various opportunities to explore different sectors and industries. This has equipped me with strong interpretational and analytical skills which helped me to work effectively on the said topic. Future Assistance: The pharmaceutical industry provides a lot of financial analysis opportunities because of the complexity of its operation. This complicated structure enabled me to better understand and practically apply theoretical knowledge and be better equipped to undertake financial analysis in my future career. Importance in ACCA: Financial analysis is


References: Printed Material ACCA Study Text (2008/09) Paper F9 Financial Management ACCA Study Text (2008/09) Paper F7 (INT) Financial Reporting. Kaplan Publishing Foulks Lynch ACCA Study Text (2008/09) Paper P2 (INT) Corporate Reporting ACCA Study Text (2008/09) Paper P3 Business Analysis. BPP Learning Media Ltd Annual Report (2006), Glaxo SmithKline Annual Report (2007), Glaxo SmithKline. Annual Report (2008), Glaxo SmithKline Financial Analysis http://www.enotes.com/small-business-encyclopedia/financial-analysis (Visited 05th November 2009) Introduction http://www.roi-ally.com/BPE_vol1.htm (Visited 05th November 2009) Industry http://www.ppma.org.pk/ (Visited 05th November 2009) Investopedia. Vertical Analysis: http://www.investopedia.com/terms/v/vertical_analysis.asp (Visited 05th November 2009) Investopedia Investopedia. Current Ratio: http://www.investopedia.com/terms/c/currentratio.asp (Visited 05th November 2009) Investopedia Investopedia. Accounts Recievable Collection Period: http://www.investopedia.com/terms/a/average_collection_period.asp (Visited 05th November 2009) Investopedia. Accounts Payable Payment Period: http://www.investopedia.com/terms/a/accountspayableturnoverratio.asp (Visited 05th November 2009) Investopedia. Interest Cover: http://www.investopedia.com/terms/i/interestcoverageratio.asp (Visited 05th November 2009) Investopedia. Earning Per Share: http://www.investopedia.com/terms/e/eps.asp (Visited 05th November 2009) Investopedia (Visited 05th November 2009) William Pollard Competitor Websites Novartis Pharma: http://www.novartis.com (Visited 05th November 2009) Sanofi-Aventis: http://www.sanofi-aventis.com.pk (Visited 05th November 2009) Regulators/ Governments Websites Karachi Stock Exchange: http://www.kse.com.pk (Visited 15th November 2009) Pakistan Pharmaceutical Manufacturers Association: http://www.ppma.org.pk (Visited 12th November 2009)
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Jet2 Task 1 Report Essay Example
    • 7844 Words
    • 32 Pages

    Jet2 Task 1 Report Essay Example

    In order to determine a company’s performance, analysis must be done for key metrics, including the ability to pay debts, how much cash or other liquid assets are available, and the company’s viability to continue operations. These analyses involve the review of income statements and balance sheets, where current and past performance will be studied with the goal of predicting how the company will perform in the future. Upper-level management at CBI can use this information to make decisions in line with the company’s goals.…

    • 7844 Words
    • 32 Pages
    Better Essays
    Read More
  • Good Essays

    Milwaukee Surgical Supplies, Inc.
    • 728 Words
    • 3 Pages

    Milwaukee Surgical Supplies, Inc.

    A financial statement analysis is the process of using data contained in a business’s financial statements to make judgments about financial condition. There are three basic financial statements: the income statement, the balance sheet, and the statement of cash flows. These statements show the firm’s operations and its financial position. The data obtained is detailed for two or three most recent periods, and a historical summary of key operating statistics for longer periods are included. Financial statement analysis is applied to historical data, which reflect the results of past managerial decisions and…

    • 728 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Cango Financial
    • 1115 Words
    • 5 Pages

    Cango Financial

    The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders. This is made possible if the business is able to maximize on available opportunities and very efficiently and effectively use the resources it has to create maximum value for all involved stakeholders. One way the performance of a company can be measured on critical areas such as profitability, its ability to stay solvent, the amount of debt exposure and the effectiveness in resource utilization, is performing financial analysis where a set of ratios provides a snapshot of company performance and future prospects. Financial analysis is also a very useful technique that forms a basis for making key decisions about company operations. In addition to internal company members, these ratios are used by potential investors and shareholders to make investment decisions about the company.…

    • 1115 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Unit 206 Business Admin
    • 1021 Words
    • 5 Pages

    Unit 206 Business Admin

    Although it is our goal to be the best and not necessarily the biggest or the most profitable, our success at satisfying customers and motivating employees will bring growth and long-term profitability.…

    • 1021 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    As the Controller of Abc Company
    • 2082 Words
    • 9 Pages

    As the Controller of Abc Company

    An analysis of information such as a balance sheet, income statement, and financial statements must be done so that the security and financial ability of a company can be seen. Along with this presented method, this project is tact on and a complete analysis is performed to come to the conclusion in deciding what to do in regards to taking on a new project. The idea of the report is to supply logical and vital knowledge about the project.…

    • 2082 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Acc 230 Week 1 Checkpoint
    • 415 Words
    • 2 Pages

    Acc 230 Week 1 Checkpoint

    The financial statement can show the records of the financial activities of a business. It was designed for common people to be able to read and understand this information. Three strengths of the financial statement is it that the owners and managers are able to understand the financial position of the company, this also allows individuals the ability to evaluate the historical and prospective financial performance, and this statement gives a vivid picture of the company’s financial health which will be the base of the owners and managers decision making. This type of foresight is important to the affects of a success in continuing of the company’s operation. Employees also can benefit from this information especially those in a labor union or in bargaining with upper management for a promotions based of the proven thriving performance. For the investors, the strengths of the financial statement give them a clear picture on whether or not to invest more or less in the future.…

    • 415 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Current and Noncurrent Assets
    • 727 Words
    • 3 Pages

    Current and Noncurrent Assets

    When an individual starts a business understanding financial statements are vital to tracking the company profits and losses. The company decisions are often decided by the figures and statistics. The figures are recorded and compared at a later date. Accounting knowledge is the core of the business and every aspect of a growing company depends heavenly on understanding the basic concept of debits and credits. Companies often develop departments that handle a large in flow of activity. The department keeps track of how well the business is performing and should be well staff with enough employees to fits the demands the company. When making certain that the business financial operation is running smoothly knowledge of the difference between current and noncurrent asset should be explored. The organization must also understand the order of liquidity and how it applies to the balance sheet.…

    • 727 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Unit 2 P7 Acid Test Analysis
    • 510 Words
    • 3 Pages

    Unit 2 P7 Acid Test Analysis

    In this piece of coursework, I will be illustrating the financial state of a given business…

    • 510 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    CAFS IRP Project Plan

    • 910 Words
    • 3 Pages

    CAFS IRP Project Plan

    After much deliberation I have chosen my topic, in which I am going to formulate my research task on, it is:…

    • 910 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Reporting Practices and Ethics Paper
    • 1061 Words
    • 5 Pages

    Reporting Practices and Ethics Paper

    Financial management is not merely a record of debits and credits. It is a measure of the health of an organization. The four elements of financial management consist of: planning, control, organizing and directing, decision making. The business operations must be planned and the management must be well aware of all the business aspects. The management needs to follow a systematic process to make ethical decisions in sync with the goals of the organization. It must be ensured that sufficient fund is available to perform business operations in time. The management must have the control of business operations and thus the financial activities. The management needs to ensure that each part of the organization is adhering to the goals established for it. The management needs to decide how effectively the resources can be used to achieve the goals. This helps in maintaining the financial health of the organization. There is always a possibility of a financial situation in an organization when a difficult decision is to be taken. Such circumstances require prompt decision making capability along with the understanding of the consequences of the decisions.…

    • 1061 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Reporting Practices and Ethics Paper
    • 996 Words
    • 4 Pages

    Reporting Practices and Ethics Paper

    Financial management is very crucial in today’s health care financial procedures. It is one the most important aspects of the financial health care. There are many assessments made- based the financial records and the business transactions that occur within the health care organization. It is crucial the financial records are kept up- to -date and they follow specific guidelines. The books kept up- to- date and in order, this will show the amount of money being brought into the organization for profit and the amount of money the organization has lost in profit. One thing that may cause the honesty of the organization to be on the brinks is the organization financial management and the correctness of the financial books.…

    • 996 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Biliography
    • 336 Words
    • 2 Pages

    Biliography

    insight to keep on top of your business’ financial health. This article offers a forecast or…

    • 336 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Book Report Good To Great
    • 470 Words
    • 2 Pages

    Book Report Good To Great

    “You must maintain unwavering faith that you can and will prevail in the end, regardless of the difficulties, AND at the same time have the discipline to confront the most brutal facts of your current reality.” (pg.86). The good-to-great companies were found to have more than a strategy, they came to what Collins and his team called the Hedgehog Concept. This is the understanding of three dimensions: what the company can be the best at, what drives their economic engine, and what they are passionate about. “The good-to-great companies understood that doing what you are good at will only make you good; focusing solely on what you can potentially do better than any other organization is the only path to greatness.” (pg. 100). After the right people and strategy are structured, action can be set in…

    • 470 Words
    • 2 Pages
    Good Essays
    Read More
  • Best Essays

    Pfizer Industry Review
    • 4325 Words
    • 18 Pages

    Pfizer Industry Review

    The pharmaceutical industry began in the early 1800’s when several chemical companies were founded in Philadelphia, marking the beginning of our current pharmaceutical manufacturing industry (Pfizer, 2008a). Founded in 1849, Pfizer has grown into a multibillion-dollar corporation by providing many of the highest quality drugs available today (Pfizer, 2007). However, many factors impact the continued success of Pfizer and the pharmaceutical industry in general. After reviewing these factors, it is our recommendation that Pfizer focus on short-term consolidation and long-term global expansion into emerging markets while focusing research and development efforts in the biotech sector.…

    • 4325 Words
    • 18 Pages
    Best Essays
    Read More
  • Good Essays

    Summary of Article “Disruptive Technologies: Catching the Wave” by Joseph L. Bower and Clayton M. Christensen
    • 942 Words
    • 3 Pages

    Summary of Article “Disruptive Technologies: Catching the Wave” by Joseph L. Bower and Clayton M. Christensen

    This article by Joseph L. Bower and Clayton M. Christensen wants to explain why most of leading companies around the world can’t maintain their position at the top of their industries in spite of growing in technologies and markets. They also offer suggestions for how the business can avoid such negative impact. They had a conclusion that most of the reason that the companies fail to remain/stay as leaders is because of the close relationships with their customers. For a short time, It was good, but for long term it can slow its progress when face the innovative changes.…

    • 942 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics