EVALUATION OF THE FINANCIAL PERFORMANCE OF GLAXOSMITHKLINE 2008 AND 2009 BACKGROUND OF THE COMPANY GSK is the world’s largest pharmaceutical company. It has a 7% share of the global pharmaceutical market‚ 26% of all vaccine sales‚ and 17% of all anti-invectives. It was formed with the merger of two top pharmaceutical companies‚ Glaxo Wellcome Plc and SmithKline Beecham Plc in December 2000. “GSK’s history dates back to 1715‚ when Plough Court pharmacy‚ a predecessor to SmithKline Beecham‚ was
Premium Generally Accepted Accounting Principles
What are the Cost Savings when a company outsources? (Due Week 7) Background: In this case study‚ please choose from one of the areas in an organization that may be outsourced and prepare a cost savings report. Finance and Accounting Investment and Asset Management Human Resources Procurement Logistics Real estate management Miscellaneous (energy services‚ customer service‚ mailroom‚ food processing) Your Assignment: Prepare an executive summary document that focuses on the cost
Premium Outsourcing Sales Process management
Google Inc.—Earnings Announcements and Information Environment Teaching notes: This case considers how investors and financial analysts and business press writers use accounting information‚ particularly earnings. The case is designed to give students “hands on” experience with complementary sources of information about Google’s performance—the formal audited financial statements‚ an earnings press release‚ pro forma earnings disclosure‚ and comparative stock charts. Google is a prime example of
Premium Revenue Income statement Stock market
Why EVA is better than ROI (ROCE‚ ROIC‚ RONA‚ ROA) and earnings‚ operating profit etc. Equity investors should earn on their capital a return far over risk-free interest rate in order to induce and maintain capital in the company Therefore earnings should always be judged against the capital used to produce these earnings Earnings can be easily increased simultaneously worsening the position of shareholders e.g. if more capital is poured into! company although the return on capital is 5% or less
Premium Profit Rate of return Investment
Financial Crises and Firm Performance Financial crises • Financial crises could happen anywhere‚ although emerging markets tended to be more seriously afflicted in recent times • Companies operating in a region where a financial crisis had broken out could undergo corporate disasters as a result. • The following sections describe what happened during three major financial crises in the late 1990s and early 2000s‚ and how the business sectors of the regions were affected. • The best-known of
Premium Economics Bank Financial crisis
have been travel with EVA Airways most of the time when we have to travel to other countries. Nevertheless‚ I was not the one who chose the airlines but my parents did. There are many other choices but why EVA Airways. I was wondering the reasons behind it. Moreover‚ I am interesting in working under EVA Airways after graduation. Therefore‚ I would like to know more about this company in more detail for future benefits when applying for the job at EVA Airways. Background EVA Airways is a Taiwan based
Premium Airline US Airways Low-cost carrier
Audit and Assurance (International) Wednesday 9 December 2009 Time allowed Reading and planning: Writing: 15 minutes 3 hours ALL FIVE questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association
Premium Auditing Audit
IAS 18 Income is defined as the increase in economic benefits. This is achieved through increase in assets or decrease in liabilities. And this would ultimately result in the increase in equity. Revenue is income generated through: sales‚ fee‚ interest‚ dividends and royalties. Objective of IAS 18 is to tell the accounting treatment of revenue. Revenue is recognized when it is certain that economic benefits would arise and if these benefits are measurable. Previous IAS 18 was approved
Premium Balance sheet Generally Accepted Accounting Principles Microeconomics
Financial Report of Loewen Group Inc. The Loewen Group Inc. was founded in 1969. The company has two major headquarters in North America‚ one in Burnaby‚ British Colombia and a second in Cincinnati‚ Ohio. Loewen Group Inc. (L.G.I.) is the largest funeral services enterprise in Canada and is the second largest company in the North American Funeral Services Industry. L.G.I. owns 918 funeral homes and 269 cemeteries and also engages in the pre-need selling of funeral services including cemetery
Premium Balance sheet Asset Financial ratios
B & L Inc. Case Study This case investigates whether Brian Wilson‚ the materials manager for B & L‚ Inc.‚ a Lancaster based company that manufactures and sells highway transport trailers‚ should or should not outsource an outrigger bracket (Part #: T-128) that the company is currently manufacturing inhouse. The outrigger bracket requires B & L‚ Inc. to manufacture and weld together 4 other parts (Part #’s: T-67‚ T-75‚ T-69‚ and T-77) to make the complete bracket. The company sells about forty trailers
Premium Management President of the United States Manufacturing