Elementary Analysis Of Yuan Sheng Ltd

1903 Words Nov 7th, 2014 8 Pages
Elementary analysis of Yuan sheng Ltd
Information about Yuan sheng Ltd
Yuan sheng Certified Public Accountant Co., Ltd , an accounting firm, locate in Canton, China, which is called Yuan sheng ltd. The scope of business is auditing accounts and creating an annual audit report for the other corporate clients. The company was created by two CICPA (The Chinese Institute of Certified Public Accountants) - Mr. Zheng and Mr. Duan with 100 thousand Yuan registered capital in 2007.
After the strong hit by financial crisis in 2008, Mr. Huang, a new partner, who is an ACCA (association of Charted Certified accountants), joined this company. The accession of Mr. Huang gives rise to a maturity client network and high management skill such as Hay Group, similar with BARS (Behaviorally Anchored Rating Scales), which is a point factor method. Hay Group Method is a remarkable way to appraise performance, and documents and discharge the employee who has not met a reasonable objective performance standard.
Accompanied by the development of Yuan sheng Ltd, there are 16 accountants in the company nowadays. The majority of the accountants are university graduates from the business schools, while others are temporary accountants who are graduating students or seniors in universities with accounting major. Moreover, the revenue per year rises to about 10 million Yuan in 2013, while the net income after tax is around 1 million Yuan. In a certain sense, Yuan sheng Ltd run fairly successfully…

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