question carefully and make sure that the evidence you select is what is asked for. Failure to do so will result in the assessor returning your POE to you for additional information. When submitting evidence‚ please make sure that you write a short report as to why you have selected this evidence so that the assessor can see the evidence in context. Please ensure that the evidence supplied is your own work The Structure of the Assessment The assessment of this unit standard will take place in
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than Annual reports. In its annual report‚ McDonalds evaluates its stakeholder policy in terms of values in action‚ our communities‚ employment practices and charity services (McDonalds‚ Values in Action‚ 2013). Under the section of values in action‚ McDonalds Company evaluates supply chain and supplier selection strategies. Policies taken to ensure that supplier relations are maintained in long run and rules managed in supply chain relations are emphasized. The overall sustainability report of the
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maintaining an adequate internal control structure and procedures for financial reporting” along with their report filed with the Securities and Exchange Commission (SEC). The annual report must include an assessment of the effectiveness of the company’s internal control structure and procedures for financial reporting‚ followed by having a registered public accounting firm “attest on‚ and report on the assessment made by the management.” This aspect of the legislation requires companies to document
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Why Sony fail? When I read “Leading Change Why Transformation Efforts Fail”‚ I directly linked Sony with the transformation fail. Sony‚ the previous electrical giant‚ announced a record annual net loss of $6.4 billion for fiscal year 2011 in May 22 2012. This marks the fourth consecutive year that Sony reported substantial losses. Transformation efforts couldn’t turnaround the bad situation of Sony due to the mistakes that made by Sony in those transformation. First‚ Sony did not establishing a
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McDonald’s reported a year end annual earnings report for the last 4 years: 2010‚ 2009‚ 2008‚ and 2007. This portion of the McDonalds essay will cover the company’s account amounts for the 2 most recent year end reporting period which are 2010 and 2009. This report will cover the actual numbers from McDonald’s Corp balance sheet. The balance sheet lists each individual account that applies as a liability account. Accounts payable‚ notes payable‚ short term debt‚ accrued liabilities‚ and other
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How do the financial statements included in a Form 10-Q differ from the financial statements included in a Form 10-K filing? The Form 10-Q is a quarterly report designed to give a status of how a business is doing after three months of operation. The Form 10-Q and the Form 10-K differ in the report’s interval; the Form 10-K is an annual report. B. Why don´t Warnaco’s financial reporting periods end on the same date each quarter or year? Because a quarter is measured by quarters‚ is not measured
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information that they expect will produce benefits in excess of its costs‚ only to be disappointed after the fact. b. Production of the information may be mandated by either a government agency or a private organization. Examples include the tax reports required by the IRS and disclosure requirements for financial reporting. 1.2 Can the characteristics of useful information listed in Table 1-1 be met simultaneously? Or does achieving one mean sacrificing another? Several of the criteria in
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This paper examines the timeliness of financial reporting in the People’s Republic of China. The timeliness of financial reporting was measured by counting the number of days that elapsed between year-end and the date of the independent auditor’s report for a number of Chinese companies. Those results were then compared to data of non-Chinese companies in developed market economies to determine whether there was a significant difference. This study also examines which independent audit firms issued
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Morgan was established in 1799 and despite multiple stock market crashes and recessions; it is a company that continues to do well in its sector (JP Morgan‚ 2014). J.P. Morgan Bank is the publicly traded company that I chose to analyze the 2013 annual report. At the end of 2013‚ the total assets of J.P. Morgan was 1‚945‚467‚000‚000; one trillion‚ nine hundred forty-five billion‚ four hundred sixty-seven million dollars in total assets (JP Morgan‚ 2014). The total assets of a company are important
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Memorandum To: Mr. David Overton‚ Chief Executive Officer CC: Board of Directors From: Junior Analyst Date: February 6‚ 2013 Re: How Cheesecake Takes The Cake Through my comparative analysis using the five key financial indices of The Cheesecake Factory and P.F. Chang’s China Bistro‚ CAKE seems to be in fact “taking the cake”. Not only the past three years of our financial statements show steady growth and great financial strength‚ but when you compare our financials to P.F. Chang’s we appear
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