A Reporting Entity as per SAC 1(para 40) means, an entity which, regardless of any sector, has stakeholders who rely on the general purpose financial reports, evaluate the performance and financial position of an entity and make decisions regarding allocation of resources. Hence, an entity will be called as an reporting entity, if there are users who would rely on the analysis provided by the GPFR. 1) Users Dependent
SAC 1 Paras 19-22 broadines the factors to identify whether there are dependent users. Factors Explaination/Example Reasons why Electric is a Reporting Entity
Separation of Management from economic interest The higher is the spread of ownership => higher is the separation, hence, there is more likely the existence of users dependent on GPFR to make decisions for resource allocation In electric, we are assuming that the spread of the ownership as well as extent of seperation between the management and owners is higher, hence, there is existence of dependent users Economic or political importance/influence If an entity is able to make a higher impact on political and economic parties, there is a higher likelihood of existence of users dependent on GPFR In electric, we are assuming that it maintains a strong position in the market has makes a significant impact politically and economically. Hence, there is a likelihood of existence of users dependent Financial charecteristics It Includes the size of assets/employees etc. or indebtedness of an
Eskom generates, transmits and distributes electricity to industrial, mining, commercial, agricultural and residential customers and redistributors. One cannot dispute the fact that Eskom is a huge company with all the contributions it makes to supply electricity to households but this is a huge responsibility for Eskom and that is why it needs an extra competing firms to join forces in the market in order to solve this matter of failing to supply enough
In the case of Assessing a Company’s Future Financial Health, the case concentration is on SciTronics, a medical device company, performance measures based on the organization’s three primary financial data sources in Exhibit 1 & 2. Utilizing the 9 steps of corporate financial system, I will be able to analyze the financial health of the company to assess whether it will remain balance over the ensuing 3-5 years. The measures are grouped by focusing on “Financial Ratios” such as: 1.) profitability measures, 2) activity measures, and 3) leverage and liquidity measures. Using the financial data sources, I would be able to make recommendations regarding SciTronics 126 million loan request.
Charles_T._Horngren (2005) stated that “people perform financial analysis for different reasons, Supplier want to see if a customer can afford a price hike, Customers want to know if a company will still be around in a year to honor a warranty, Managers, creditors, investors, and the CEO’s all have their reasons for reading the statements, regardless of your interest in the company. Financial statement analysis involves using financial data to assess some aspect of a company’s performance” Horngren added ”Although many analysis methods exist, the cornerstone of financial statement analysis is the use of ratios”
Manufacturer of electronic communications equipment has the lower Profit Margin and longer Accounts Receivable characteristic of a firm effectively bidding for government contracts.
Groups provide common information and some groups tend to share common traits, which impact their voting calculus, creating an “independent effect” for group membership on voting behavior.
Many people today use internet daily, such as Danny’s family. His family used to be Rogers’ customer for 3 years, and then they moved to Bell when they can no longer take the annual price increase. Danny’s family has a TV-phone-internet bundle. They were satisfied with Bell’s service during the first year, but as time passed, Bell also increased their charges. As the head of the family, Danny takes the responsibility for paying the bills, so he is the one who feels the burden. When they reached their third year with Bell, Danny started thinking about finding another internet service provider.
A reporting entity as defined by the Australian Accounting Standards Board (AASB), Statement of Accounting Concepts SAC 1 "Definition of the Reporting Entity" is as follows;
2 Do interest groups end up helping the powerful segments of society at the expense of the collective good or not?
The U.S electric- power system provides power to over 300 million individuals and is comprised of more than 200,000 miles lines of transmission, its generating capacity is over one million megawatts and it is worth above $1 trillion (Markey & Waxman, 2013). The elements of the network are greatly interdependent and, as demonstrated by history, a system failure of a line of outage can result in fall in other areas. Markey & Waxman (2013) provides an example of a power failure that occurred on August 14, 2003 when four hanging high- altitude lines of power in northern Ohio clashed into trees and shut off. Together with an error in a computer system, the shut down lead to a flow of failures that finally left over 50 million people in Canada and
For the purpose of this discussion, the specifics of the electrical energy system in the United States are not important, rather an introduction to the basic elements of the system, who they serve, how they relate the larger whole and how they are regulated will suffice. On a most basic level the electrical grid, or system, in the United States is comprised of three basic components; the generation of electrical energy, transmission of this energy, and the distribution of this energy to end consumers.
This report is to compare the financial situations of two companies in the restaurant industry, Darden Restaurants Inc. of Florida and Brinker International Inc. of Texas. The report will provide a detailed analysis and summary of several things including financial analysis, industry history and analysis, both companies history and analysis, vertical and horizontal analysis, and the creditworthiness of each company.
The energy output from all three Projects is fully contracted. About 72% of the output is sold at a fixed price+ a revenue escalator to the investment grade off-takers and the remaining output sold to Commonwealth Edison (“ComEd”) for the 28% of the total capacity (147.5 MWs) has a minimum output requirement that are based on 115% of the P50 exceedance level output. In addition, the regulatory curtailments are non-reimbursable and there is a basis risk in terms of the point of interconnect and the nod for the financial settlement of the derivatives. Inability to deliver the minimum contracted quantity adds to the price volatility since the LD Project must reimburse ComEd the difference between the spot energy price and the contract price. The Analyst notes that the sport electricity prices have been significantly below the contract price that is annually adjusted by an inflation rate of 2%. Under the SFS EF AM sensitivity case, increase in the sport price by 500% will lower cash flows by about $10 million annually. The Analyst notes that the contract price is about 90% higher than the historical and the expected spot energy prices in the ComEd service area.
The Australian Accounting Standards Board (AASB) prepared the publication in accord with the IFRS for SMEs. Consequently, recommendations on the improvement of IFRS are necessary (IFRS Foundation , 2012). The reporting entity concept brought issues since the societal sector utilizes similar accounting standards likewise to the private sector in which it has only focused on the for-profits and has thus brought a large difference in disadvantages than advantages (Berrington & Bhandari, 2011, p 742). The reporting entity concept is a project summary of activities and decisions prepared by the staff of IASB and FASB in the urge of gathering information for the boards conveniences.
Power transmission products affect customer’s up¬time and total cost of equipment ownership. Hence, customers demand:
(Abelson). There are three major companies, that as (Abelson) states, ‘Control 90% of the Taxi operators in Sydney’. As a result an oligopoly market structure is formed, as there is some competition between these major companies within the Taxi Service industry. However due to ‘allegiances’ (Abelson) that these companies