Managing Financial Resources
Managing financial resources
Table of Contents
1. Introduction 2. Past Financial Performance of Elim Limited A. Purpose of this Analysis B. The Importance of Standards C. Descriptions of Past Performance 3. Implications of Elim’s Past Performance 4. Information Needs & Its Importance D. List of Decisions E. Information Needs of Different Parties 5. Analysis of Different Strategies F. Cost Control G. New Product Development H. Growth by Acquisition 6. Recommendation 7. Conclusion
1. Introduction
We all know that a successful company must have a strong financial performance. In 2008, Elim Limited has reported the first loss in its history. In this report, we would like to investigate the reasons behind. We would also want to figure out ways of improving its financial performance.
This paper begins with a brief explanation of the purpose of this analysis, followed by a description of Elim’s past performance and its implications. We then identify the information needs of different users and outline a list of decisions that are needed to be made. In the core part of this paper, we are going to investigate three proposed methods that are said to be able to improve the financial performance of Elim. Based on our findings, our final recommendations and conclusion would be to move one step forward – to enter the giant market of China.
2. Past Financial Performance of Elim Limited
Purpose of this Analysis
The main purpose for analyzing the financial performance of Elim is to figure out ways for improvement and a better business. This can be achieved by analyzing its financial statements for the past financial year.
We all know that financial statements are of great importance to a company. Valuable information of a company can be communicated to various stakeholders using these financial statements. These stakeholders can be shareholders, creditors, employees,
Table of Contents
1. Introduction 2. Past Financial Performance of Elim Limited A. Purpose of this Analysis B. The Importance of Standards C. Descriptions of Past Performance 3. Implications of Elim’s Past Performance 4. Information Needs & Its Importance D. List of Decisions E. Information Needs of Different Parties 5. Analysis of Different Strategies F. Cost Control G. New Product Development H. Growth by Acquisition 6. Recommendation 7. Conclusion
1. Introduction
We all know that a successful company must have a strong financial performance. In 2008, Elim Limited has reported the first loss in its history. In this report, we would like to investigate the reasons behind. We would also want to figure out ways of improving its financial performance.
This paper begins with a brief explanation of the purpose of this analysis, followed by a description of Elim’s past performance and its implications. We then identify the information needs of different users and outline a list of decisions that are needed to be made. In the core part of this paper, we are going to investigate three proposed methods that are said to be able to improve the financial performance of Elim. Based on our findings, our final recommendations and conclusion would be to move one step forward – to enter the giant market of China.
2. Past Financial Performance of Elim Limited
Purpose of this Analysis
The main purpose for analyzing the financial performance of Elim is to figure out ways for improvement and a better business. This can be achieved by analyzing its financial statements for the past financial year.
We all know that financial statements are of great importance to a company. Valuable information of a company can be communicated to various stakeholders using these financial statements. These stakeholders can be shareholders, creditors, employees,