poor risk management may have ripple effect on the whole economy of a country. A good example is the current credit crises which is caused by poor risk management in the Banking sector (Student Accountant‚ October 2008). Performance evaluation reports provides various stakeholders including the shareholders‚ potential investors‚ lenders‚ government etc‚ important source of information in taking informed economic decisions. Financial performance evaluation
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range to meet market demand and it also sets and keeps up with the latest trends in clothing wears. As a result‚ Country Road has taken on a younger focus in recent years and delivered strong financial results that have been stated in the 2008 annual report that total year sales was up 21.9% in 2008. Country Road chief executive Ian Moir said‚ "we now hope to build on what makes Country Road great‚ and that is commitment to value‚ design and great fabrics‚ with a great brand that is aimed at the
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Contents 1. Contents 1 Executive Summary The purpose of this research report is to understand of two important concepts from the Conceptual Framework for Financial Reporting----the objective of general purpose financial reporting and qualitative characteristics of useful financial information. In this report‚ Myer Holdings Ltd is as an example to describe these two concepts. This report includes the analysis on whether the disclosure of PPE from Myer Holdings Ltd meets the requirements
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communication of various details regarding the activities of the business which are to be disclosed either statutorily or otherwise‚ and it is to convey a true and fair view of the operating results and financial position to the users of financial reports. The study points out that the effective corporate reporting can only be achieved by a voluntary change in the corporate reporting philosophy. In order to achieve high standards of corporate reporting practices‚ internal pressures such as peers and
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the Framework The Australian Accounting Standards Board (AASB) is implementing the Financial Reporting Council’s policy of adopting the Standards of the International Accounting Standards Board (IASB) for application to reporting periods beginning on or after 1 January 2005. The AASB is replacing relevant existing AASB Standards with Australian Standards equivalent to those of the IASB. Consequently‚ the parts of the existing Australian conceptual framework (SAC 3 Qualitative Characteristics
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Veronica Washington 0180175 Walgreens Pharmacy (WAG) An Industry Leader at the Inflection Point The following report is an in-depth discussion of Walgreens Pharmacy with an analysis and assessment of the company’s strategic initiatives. Each strategy yields a direct purpose of diminishing the influence of a specific force from Porter’s 5-force Model as the supporting data culminates an outlook on the company’s future. COMPANY OVERVIEW Charles Walgreen of Chicago‚ Illinois
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Jeffrey Taylor 1) What are three main sections of the report? The Introductory‚ the Financial and the Statistical Sections (table of contents) 2) Review the Introductory Section of the CAFR a) Was the entity’s annual report of the previous year awarded a “certificate of achievement for excellence in financial reporting” by the Government Finance Officers Association? What is the significance of this award? Yes‚ it is significant because it is the highest form of recognition in
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communities including children living with HIV/AIDS. As mandated by the Securities and Exchange Board of India (SEBI)‚ a standalone Business Responsibility Report (BRR) forms part of the Annual Report and is available on the Company’’s website http://www.cipla.com/Home/About-Us/Caring- for-the-Enviroment.aspx. The BRR contains a detailed report on Business Responsibilities vis-a-vis the nine principles of the National Voluntary Guidelines on Social‚ Environmental and Economic Responsibilities of
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1. Introduction This report will identify a crisis facing BP company‚ the Gulf of Mexico spill‚ and investigate how the organization response to the society. In this report‚ it will use Legitimacy theory to explain BP’s response to this event. Legitimacy theory can be treated as a explanation for voluntary corporate disclosures in annual report. As (Dowling&Pfeffer‚ 1975) says a corporation must act in congruence with norms and society value. First of all‚ Legitimacy theory is based on the
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History In 1919 the first Loblaw grocery store opened in Toronto. Theodore Pringle Loblaw and J. Milton Cork had a new idea of a grocery store‚ one which would be fully self- serve and would offer better quality foods at lower prices. In 1978‚ ‘No Name’ products were introduced into Loblaw stores. These products had distinct yellow packaging‚ and Loblaw stores experienced an outstanding customer feedback. In 1984‚ ‘President’s Choice’‚ one of Loblaw’s own brands made its first debut in stores
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