SOUTH YORKSHIRE NEWSPAPERS PLC As external consultants you have been asked by the recently appointed non-executive directors to prepare a presentation making recommendations as to the future direction and consequent structure and organisation of the company. The presentation should cover all major aspects of their current and potential fields of operation that you consider important. The presentation will be made to the board of directors in the board room where full powerpoint facilities will
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business‚ efficient utilisation of resources and sound inventory management etc‚ which leads to minimum stock of inventory etc.‚ and the overall impact is lower level of current assets. On the other hand‚ due to better contract and negotiations to the creditors and suppliers‚ they are extending more liberal credit‚ which enhances the level of current liabilities. Study of negative working capital is important to understand the efficiency of the corporate‚ which enhances the earning capacity. Concurrently
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there is an expectation held by accounting standard-setters that users of financial statements have a reasonably sound knowledge of financial accounting. For example‚ within the IASB Framework (which is also the Australian Accounting Standards Board (AASB) Framework) reference is made to users who ‘are expected to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the information with reasonable diligence’. Within the United States Conceptual Framework
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Bankruptcy: Its Prediction and Accounting Indicators One major assumption in accounting is the Going Concern. It states that an accounting entity is viewed as continuing in operation indefinitely‚ thus‚ financial statements are normally prepared in the assumption that the entity will continue its operations for the forseeable future. But then it is inevitable that one shall come to an end. So if there is evidence that the entity’s operations are to be terminated‚ the going concern assumption
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SINTECH PRECISION PRODUCTS LIMITED C-189 & 190‚ Site No. 1‚ B.S. Road‚ Ind. Area‚ Ghaziabad [U.P.] Phone No.: 0120-2866320/21‚3290635/37/38 Fax No. 0120-2867715 E-mail: marketing@sintechpumps.com Web Site: www.sintechpumps.com CERTIFICATE This is to certify that the Summer-Training Project of FINANCE Titled “WORKING CAPITAL MANAGEMENT and ITS APPRAISAL” is an original work and that this work has not been submitted anywhere in any form.
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DELUXE CORPORATION Contents Section 1: DELUXE Corporation 1.1. 1.2. 1.3. 1.4. Company Business Overview Macro-Evironment & Industry SWOT Analysis Porter’s Five Forces Section 2: Business & Strategy Risks / Financing Requirements Section 3: Main Objectives of the Financial Policy Section 4: Financial Flexibility – Cost of Capital Section 5: Is Deluxe’s Current Debt Level Appropriate ? Section 6: FRICTO Analysis Section 7: Conclusion - Recommendations 2 Section 1: DELUXE
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Topic 5 Homework Questions – Solution 1. Resources that are used in operations for more than one year with no physical substance are called: a. current assets b. intangible assets c. non-current assets d. property‚ plant and equipment 2. Able Company purchased land and incurred the following costs: Purchase price $1 000 000 Excavation costs 100 000 Removing old building 25 000 Broker fees 20 000 Cost of a parking lot 50 000 What is the cost of the
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Introduction In 2002‚ the Financial Reporting Council (FRC) announced that Australia would adopt the accounting standards issued by the International Accounting Standards Board (IASB) from 2005(Baxter 2005). After the first of July 2005‚ the new standards (IFRS) start to use across national border. companies would be required to report current results under IFRS and restate recent results. They will also have to report their latest results under the old accounting standard‚ which should make comparing
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The Principle of Separate Corporate Personality The principle of separate corporate personality has been firmly established in the common law since the decision in the case of Salomon v Salomon & Co Ltd‚ whereby a corporation has a separate legal personality‚ rights and obligations totally distinct from those of its shareholders. Legislation and courts nevertheless sometimes "pierce the corporate veil" so as to hold the shareholders personally liable for the liabilities of the corporation. Courts
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Dear students‚ Please ensure you carefully read the ASIC report and understand the issues as they have detailed. Your assignment shoudl be of a minimum of 2‚000 words but some students may wish to add more. As such‚ there is no maximum. A report is provided from ASIC providing their findings on Audits/auditors for the year 2011-2012. The report highlighted some key aspects of which ASIC were dissatisfied with. You are required to read the report‚ disseminating the key issues and discuss
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