Financial Analysis Case: Peng Plasma Solutions PROFESSOR LENA C. BOOTH Objectives • The objectives of the Financial Analysis session are to analyze Peng Plasma Solutions financial performance‚ and to see why properly managing funding needs is essential for a company to pursue its corporate strategies. Professor Lena C Booth 2 Peng Plasma Solutions – Company Background • A private metal cutting company in China‚ founded by Jerry Peng‚ together • • • • with
Premium Finance Inventory Balance sheet
STUDENT NO: …………………………... SEMINAR TUTOR …………………………... Introduction Accounting is concerned with providing both financial and non-financial information that will help decision makers to make good decisions. An understanding of accounting therefore requires an understanding of the decision making process and an awareness of the users of accounting information. The major purposes of accounting are to formulate overall strategies and long-run plans. Resource allocation decisions such
Premium Variable cost Management accounting Costs
non-vacation wages X 1/40 = $10k vacation pay earned - ($4k) vacation time taken = $6000 vacation pay carried over --------------------------------------- Cupola Awning Corporation introduced a new line of commercial awnings in 2013 that carry a two-year warranty against manufacturer’s defects. Based on their experience with previous product introductions‚ warranty costs are expected to approximate 3% of sales. Sales and actual warranty expenditures for the first year of selling the product were:
Premium Inventory Balance sheet 2007
1.Managerial accounting vs financial accounting Managerial accounting information system is an information system that produces outputs using inputs and processes needed to satisfy specific managerial objectives. How do management accounting and financial accounting differ? Management Accounting Financial Accounting 1. Internally focused
Premium Management Management accounting Business
Intermediate Accounting Paper The Financial Accounting Standards Board (FASB) is a private‚ not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public ’s interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. It was created in 1973‚ replacing the Accounting Principles Board and the Committee
Premium Certified Public Accountant Finance Public Company Accounting Oversight Board
become their ability to ensure a continuous adaptation with the changes taking place in their environment. In such a scenario‚ the managers/organizations‚ in order to be successful‚ need to exhibit a profound understanding of the dynamics of their industries‚ the changes/trends in other aspects of their firms’ external environment and the firms’ internal strengths and weaknesses. They must be able to think creatively (with a strategic-orientation) in crafting effective strategies to exploit their firms’
Premium Strategic management Management
provide a summary about the two theories stakeholder theory and legitimacy theory including the annual reporting about the company ’s Toyota motor corporation and BHP Billiton and the comparison that how they have address the economic social environmental aspect of the companies in their report 2011. And has finalise by comparing two different sustainability report from both company accordingly it has define that how legitimacy is managed through reporting by the two companies from the perspectives
Premium Corporation Business ethics Annual report
Introduction Throughout the 1970’s and 1980’s‚ utility industries struggled to manage their nuclear power plant construction prudently in the public eye. Throughout this era‚ litigation chastised the mismanaged organizations to the tune of billions of dollars. In this same era‚ Arab countries declared an oil embargo in the United States‚ oil prices soared and long lines at the gas pumps reflected the nation’s first fuel shortage since World War II. These events fast tracked the immediate need
Premium Project management Nuclear power Alaska
In recent years‚ the range of accounting application is expanding rapidly‚ along with the increasing demand of economic market. As is well known‚ accounting is a key aspect of business. And in the accounting profession‚ there has been already existed interpenetration and overlapping among the different kinds of accounting. Cost accounting and financial accounting are two main components of accountancy. The former one is a part of accounting. In cost accounting‚ it dramatically researches the variable
Premium Income statement Balance sheet Management accounting
SEMESTER SPRING 2013 FINANCIAL ACCOUNTING (MGT101) ASSIGNMENT NO. 01 DUE DATE: 2nd May 2013 MARKS: 20 TOPIC TO BE TESTED : • Application of “Rules of debit and credit” LEARNING OBJECTIVES: • To develop an understanding for applying the rules of debit and credit ASSIGNMENT QUESTION On 1st March 2013‚ Mr. Adnan organized a business called A.R Rentals. Mr. Adnan’s new business was able to begin operations immediately by purchasing the assets and taking over the location of Ammar Rentals‚ an equipment
Premium Bookkeeping Citation 1922