P1 There are two types of businesses‚ private and public. The difference between public companies and private companies is their ownership. Private held companies are under control of a single or group of shareholders when public companies are owned by the government. [pic] Ownership of the business Top shop is operating in private sector. It is a Public Limited Company this means they sell their shares on the stock exchange and that it’s available to the public to purchase
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TOPSHOP (women) vs Urban Outfitters (women) Topshop was established in 1964 within a Sheffield department store called Peter Robinson in U.K. In 1974‚ Topshop was taken out of Peter Robinson and set up as a standalone retailer. It is a chain retail clothing store that operates in more than 20 countries. It is part of Arcadia Group‚ which was also owns a number of well-know outlets including Burton‚ Dorothy Perkins‚ Miss Selfridge and Wallis. It is mainly known for women’s clothing and its primary
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BFA201 ESSAY PART B: THE RESEARCH ESSAY A THEORETICAL DISCUSION Usefulness is the basic objective of financial accounting‚ according to the AASB s Statement of Accounting Concepts and Conceptual Framework. This essay discusses the theoretical principles and accounting rules underpinning financial reporting practices within the IFRS environment. Following the implementation of the International Financial Reporting Standards in 2005‚ many additional disclosure requirements were imposed on organisations
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Hamilton CHAPTER 1 Introduction and overview of auditing [pic] John Wiley & Sons Australia‚ Ltd 2010 Chapter 1 – Introduction and overview of auditing 1. What does ‘assurance’ mean in the financial reporting context? Who are the three parties relevant to an assurance engagement? An assurance engagement (or service) is defined as ‘an engagement in which an assurance practitioner expresses a conclusion designed to enhance the degree of confidence
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Translation – AASB 121 3 2.3 Income Taxes – AASB 112 4 2.4 Consolidation – AASB 127 4 2.5 Impairment of Assets – AASB 136 4 3. Management’s flexibility in selecting key accounting policies 4 3.1 Interest Bearing Liabilities 4 3.2 Derivative Financial instruments 5 3.3 Interest Bearing Liabilities 5 3.4 Intangible Assets - Goodwill 5 4. Accounting strategy employed by management and incentivesl 5 4.1Evaluation of accounting strategy employed by management 5 4.2Evaluation of incentives
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TABCORP HOLDINGS LIMITED 2. News Article: Tabcorp meets profit expectations From: smh.com.au Date: 9th August 2012 Summary: The newspaper article posted on the Sydney morning herald is mainly focused on TABCORP’s financial position‚ its share prices and its revenue goals and targets. It has been clearly stated in the article that TABCORP share prices had fallen down by 5 percent and that they had shocked the market by decreasing their share prices by 5.1% to $3.14
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Financial Report 2011 Financial Report 2011 Financial Report 2011 - 1 2 Financial Report 2011 - 1 Consolidated Financial Statements Management’s discussion and analysis year ended December 31‚ 2011 Consolidated Financial Statements year ended December 31‚ 2011 Notes Statutory Auditors’ report on the Consolidated Financial Statements 4 19 25 108 Financial Report 2011 - 3 1 Consolidated Financial Statements Management’s discussion and analysis year ended December 31
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2012 Financial Analysis Report Prepared for Microsoft Corporation By Yifei Fu October 9‚ 2012 This report provides information about the operating results and performance of the Microsoft Corporation in the fiscal year of 2012. According to their financial statement‚ there are some concerns listed below that people should pay attention to: 1. Across the entire financial statement‚ there are some significant changes in income statement. Compared with the 2011 fiscal year‚ 2012 net
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These include financial accounting‚ managerial accounting‚ tax accounting‚ cost accounting‚ international accounting and social accounting‚ among others. Of these‚ the former two classes of accounting are the most common. This paper will explore the key differences between financial and managerial accounting and discuss some of the standards of ethical conduct placed on management accountants by governing authorities such as the Institute of management Accountants. Financial accounting is
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2005 annual report table of contents Letter From the Chairman Letter to Shareholders Gap Banana Republic Old Navy Forth & Towne Gap Inc. Direct Social Responsibility Financial Highlights Key Financial Statistics Gap Inc. Financials 1 2 6 7 8 9 10 11 12 13 14 letter from the chairman Fiscal 2005 was a year of progress as well as challenges. During a year where we had disappointing top line results‚ we still delivered solid earnings and focused on creating value for our shareholders by repurchasing
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