April 19th‚ 2013 Case Study- Harnischfeger Corporation 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. The accelerated depreciation method was changed from to straight-line on all company assets that caused to increase after-tax net income for 1984 by $11.005 million. The cumulative effect of change in 1984 there will be no reduction in the depreciation expense due to change. in 1984 decreased by $7.0 million
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Business Plan ProFound Marketing Consultancy Sydney‚ Australia November 3‚ 2013 Table of Contents Sl# Section Page no. 1.0 Overview 3 1.1 Vision 3 1.2 Mission 3 1.3 Objectives 3 1.4 Values 3 2.0 Market Requirements & Customer Profile 4 3.0 Services 5 4.0 Pricing Strategy 5 5.0 Resource Requirements 6 5.1 Financial & Physical 6 5.2 Human 7 6.0 Legislative Requirements 7 7.0 Stakeholder Consultation 7 8.0 30 day Start-up Action Plan 8 9.0 Business Performance Monitoring Plan
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Implement Operational Plan Unit code : BSBMGT402A Created by : Rupali Crown Institute and Busines Technology 1 Section : 1 Implementing operational Plan Developing an operational plan involves number of steps that identify what the team needs to achieve its goals . Resources needed to successfully carry out the tasks such as : goods and services to be purchased‚ human resources ‚ physical resources including facilities and equipments ‚ financial resources ‚ stock requirements and requisitions
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Harnischfeger Corp I. Introduction In 1984 Harnischfeger Corporation was a leading producer of construction equipment. During the decade of the 1970s the company experienced tremendous growth. Annual sales grew from $150 million in 1970 to $646 million in 1981. However the company began to experience financial trouble in 1979. This was caused by a variety of factors: the company wasted a large amount of resources on an unsuccessful merger‚ the government of Iran defaulted on a $20 million order
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Vishal SachdevApril 19‚ 2013Harnischfeger Corporation 1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. Harnischfeger made two accounting changes from which one made its net sales increase‚ and the second change made its net income increase. For the net sales increases‚ they included sales from certain foreign subsidiaries which increased their net sales. Also‚ in the past when having sold equipment generated from their supplier
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footnotes carefully. Identify four accounting policy changes and accounting estimates that Harnischfeger made during 1984 and estimate as accurately as possible the effect of these changes on the company’s 1984 reported profits? One accounting change that Harnischfeger made was that they were going to include products purchased from Kobe Steel in their net sales. Before November 1‚ 1983 only the gross margin on Kobe products was included in their net sales. Harnischfeger was also going to include the
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Harnischfeger’s corporate recovery plan was a four pronged approach that involved (1) changes in top management‚ (2) cost reductions to lower the break-even point‚ (3) reorientation of the company’s business and (4) debt restructuring and recapitalization. These changes at first glance appear to have allowed Harnischfeger to improve its financial performance from a net loss of $3.49 per share in 1983 to a net gain of $1.28 per share in 1984. In addition‚ Harnischfeger has appeared to have achieved a
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Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate‚ as accurately as possible‚ the effect of these on the company´s 1984 reported profits. 2. What do you think are the motives of Harnischfeger´s management in making the changes in its financial reporting policies? Do you think investors will see through these changes? Answers 1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during
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Highway Café Table of Contents Table of Contents 2 Executive Summary 3 The Business 5 Industry Analysis 7 The Market 8 The Organization 13 Financial Reports and Calculations 15 Summary 24 Reference List 25 Executive Summary The Highway café will be a full service café located in Brighton Road in Glenleg‚ South Australia. The cafe features will have a complete menu that will be reasonably priced for all ‘comfort food’ primarily from American and French menus. The sections within
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Programme Bsc. Professional Accounting Module name Commercial Awareness Schedule Term September 2013 Student Reference Number (SRN) 1037800 Report/Assignment Title Business Plan Date of Submission 08/01/2014 Declaration of Original Work: I hereby declare that I have read and understood BPP’s on plagiarism and that this is my original work‚ researched‚ undertaken‚ completed and submitted in accordance with the requirements of BPP Business School. The word count‚ excluding contents table‚ bibliography
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