Financial Analysis for FedEx Corporation EXECUTIVE SUMMARY The modern air/ground express industry was pioneered with the founding of Federal Express in 1971; the corporation was created in 1998 as FDX Corporation and became FedEx Corporation in January 2000 (FedEx‚ 2013). FedEx provides customers and businesses worldwide with a broad portfolio of transportation‚ e-commerce and business services‚ offering integrated business applications through operating companies competing
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Objectives of Financial Management The objectives provide a framework for optimum financial decision making. The term objective is used in the sense of a goal or decision criterion for the three decisions involved in FM. It implies that what is relevant is not the overall objective of a business but an operationally useful criterion by which to judge a specific set of mutually interrelated business decisions namely investment‚ financing and dividend policy. The two main objectives of FM are:
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Objective of financial statements[edit] Financial statements are a structured representation of the financial position and financial performance of an entity. The objective of financial statements is to provide information about the financial position‚ financial performance and cash flows of an entity that is useful to a wide range of users in making economic decisions. Financial statements also show the results of the management’s stewardship of the resources entrusted to it.[1] To meet this objective
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Case 1.1 : FedEx 1) List the business processes displayed in the video. The first step is to pick up the package at the customer’s and to scan it. Therefore‚ the employee ) inform FedEx than the package is under FedEx’s responsibility. The second step is the transport of the package by truck for instance to a hub (or sorting center). In the third step‚ the package will process in the sorting center. The package is going to progress in a long and complex net of conveyer belts. This is called
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Code of Business Conduct and Ethics Commitment to Workplace Excellence Table of Contents Letter from the Chairman Workplace Excellence and the FedEx Code of Business Conduct and Ethics Lawful and Ethical Behavior Equal Opportunity; Harassment Open Door Policy Health‚ Safety and Environment Conflicts of Interest Corporate Opportunities Gifts‚ Entertainment‚ Loans or Other Favors Improper Payments and Bribes Protection and Use of Company Assets and Information Trading on Inside Information
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FedEx Corporation Operating Segments and Companies Basically‚ FedEx is divided into four segments and 11 operating companies. The segments consist of FedEx Express Segment‚ FedEx Ground Segment‚ FedEx Freight Segment‚ and FedEx Freight Segment. The 4 segments and 11 operating companies are as shown chart below: FedEx Services Segment FedEx Freight Segment FedEx Ground Segment FedEx Express Segment FedEx Services FedEx Freight FedEx Ground FedEx Express FedEx Global Supply Chain Services
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The objectives of accounting : 1) To keep systematic records: Accounting is done to keep a systematic record of financial transaction. In the absence of transaction there would have been terrific burden on human memory which in most cases would have been impossible to bear. 2) To protect business properties: accounting provides protection to business properties from unjustified and unwarranted use. This is possible on account of accounting supplying the following information to the manager
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advantage – which has given the company a unique ability to access various markets around the globe. The multiple established firms and companies acquired by FedEx in various countries have all been integrated into a special widespread infrastructure‚ consisting of four segments - FedEx Express Segment‚ FedEx Ground Segment‚ FedEx freight Segment‚ FedEx Services Segment. These in turn have 11 operating companies‚ which operate independently. Package rates are calculated according to traveling distance
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company. HR practices in FedEx: FedEx is a young company in world-class companies . It among the 500 in less 30 years. In addition to the benefit from good management and opportunities also benefits because of its HR practices. FedEx is the world’s largest express transportation company‚ it provides a fast and reliable courier service for more than 200 countries and regions. It has a global aviation and land transport network‚ Fedex can transport delivery quickly and on time
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FedEx: Building a Global Distribution Powerhouse Questions 1. Evaluate the methods used by FedEx to grow domestically and internationally. Why do you think that the company initially had problems in its global operations? We are living in a global world so business‚ companies and people needs to communicate and deliver something to others quick and successfully in domestically and internationally. For that reason‚ Smith designed efficient distribution system to overcome difficulties in moving
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