1. Introduction
All businesses have a large amount of stakeholders. Pauline (2013) defined that stakeholder is a general term to indicate all those who might have a legitimate interest in receiving financial information about a business because they have a ‘stake’ in it. All stakeholders must need accounting information to help them making better decision. Most of the businesses have provided different sort of accounting information like balance sheet and income statement. However, no all the stakeholders need the same information and the purpose is different. Therefore, the main question is what information is required and the proper use of the information. In the following of the passage, it will discuss about the question from different stakeholders.
2. Management
Managers are who manage the business on a daily basis. They need to know how well projects are progressing financially and about the financial position of the business. E.g. how much assets and liabilities are they own. Can the businesses able to increase capacity in the next few months? This is referred as management accounting. For instant, managers can use contribution margins to set the product selling price in order to maximise the profit. Managers can use payback period and average return rate to assess the risky of the project. Furthermore, Argilés & Slof (2003) found that making decision by using financial report will have better performance. They had set up a research about the comparison of the farms
The focus of EEC’s investment of the purchasing of the supplier is to cut down on
1. How does PPLS create value for its customers? What are the critical risks that it has to manage well?
Because more categories and more refining provide more accurate information, but it is really difficult and costly to track more categories. The best option is to simplify the categories, in result, reducing the cost of ABC system.
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2014.
Company operates in the Industrial Sector – Services, and Industry – Regional Airlines. According to the Standard Industrial Classification System (SIC), company belongs to the industry group 451: Air
3.) Strong presence in high margin health services business. In addition to UnitedHealth Group’s leadership position in the health benefits market segment, UnitedHealth Group has strong information and technology based health services platform through its business segments which is Ingenix, OptumHealth and PrescriptionSolutions. The “CNN MONEY” (2012) website states Ingenix is one of the largest health information, technology and consulting companies in the world. The UnitedHealth Group derived $2.3 billion of revenues from Ingenix which contributed $284 million (excluding $200 million in goodwill impairment and business line deposition charges) of operating profit, and an operating margin of 12.1% during FY2010.
Financial Statement Analysis Project -- A Comparative Analysis of Kohl’s Corporation and J.C. Penney Co
The information reflected in the financial statements actually is expected to be of high quality and useful to support the quality decision-making of market stakeholders due to the far-reaching and very costly consequences. It is important in this context to properly identify and discuss the user needs and thereby we refer to the actual requirements of all information users amongst them the management, which uses the financial information to steer, regulate and co-ordinate the business.
Mr. J owns the mineral rights in a 640-acre tract in Coleman County, Texas. He leases the tract to S&S Company reserving a 1/8 royalty. S&S then makes assignments. Calculate each owner’s share of the first year’s production of 51,200 barrels.
The company believes it can sell seats at $ 175 on the route, but the load factor would be only 60 percent. Fixed cost would increase by $ 250,000 per month for additional personnel, additional passenger train cars, maintenance, and so on. Variable cost per passenger would remain at $ 70.
a service department’s costs have been allocated, costs are not reallocated back to it under
remotely. If the business chooses to get greater, we will include extra get to focus, or anything we require keeping in mind the end goal to stay away from any impact or bottlenecks in our system for any reason; yet until further notice, this will be great. A WLAN "utilizes radio remote associations called Wi-Fi (Wireless Fidelity), which is a neighborly name for the 802.11 systems administration guidelines bolstered by the Institute of Electrical and Electronics Engineers (IEEE). Remote systems administration gadgets don't need ports, just radio wires, which at times are covered up inside the gadget itself.
Problem 5-37 (1) Machine setups 5 setups x $2,000 = $10,000 Raw materials 10,000 pounds x $2.00 = 20,000 Hazardous materials 2,000 pounds x $5.00= 10,000 Inspections 10 inspections x $75.00= 750 Machine hours 500 machine hours x $10= 5,000 Total $45,750 (2) Overhead cost per box $45,750/1,000 = $45.75 (3) Single predetermined rate $625,000/20,000 = $31.25 (4a) Raw material 10,000 pounds x $2 = $20,000
CCL is a CCPC and follows ASPE. It is the second year that my firm auditing for CCL. It is CCL’s responsibility to correctly record accounting transaction and preparing financial reports. Manager should be unbiased to fairly present financial reports within GAAP. After careful analysis, I presented several accounting issues and related analysis as follow.
Evaluate the following statement: Managers should not focus on the current stock value because doing so will lead to an overemphasis on short-term profits at the expense of long-term profits.