YTL Hospitality REIT Case Study

Marriott's sales grew up by 24% and its return on equity stood at 22% in the year 1987, the sales and earnings per share has doubled over the previous year as stated in the case study.

In Bangkok, Thailand, a group of financial investors invested in a hotel called The Regency Grand Hotel. This hotel is the most cherished hotel in town, where the employees and guests enjoy spending time at this five-star hotel. This place hosts approximate 700 employees that give fantastic benefits, year-end bonuses and ensures job security.

One of the most important parts of a business is the financial management. Each and every other company always strives to have the best management when it comes to its finances. Most organizations have come up with plans and marketing strategies. This is due to the fact tat when companies finances are poorly managed then definitely the whole company is likely to be in trouble or even come down. The financial techniques and principles in most cases comprise of quite a number of aspect for instance those that we intend to look at in this paper-the financial reporting. This will basically comprise of the quality of data and information that the company produced to some of the various stakeholders. Other than that, the paper will also analyze the financial position and performance of the organization using accounting ratios. Another important aspect of financial principles is costing. This basically entails the cost of producing goods and services in the company and how it generally affects the overall performance of the company. The paper will also delve into how important costs in the pricing strategy of the business are. It will further come up with a costing and pricing system that can help the company improve. Last but not least, we focus on the company's budgets and budgetary control. Here there are very important areas that have to be looked into, for

According to section 120.1: The principle of objectivity imposes an obligation on all professional accountants not to compromise their professional or business judgment because of bias, conflict of interest or the undue influence of others. Section 120.2 states that a professional accountant may be exposed to situations that may impair objectivity. It is impracticable to define and prescribe all such situations. Relationships that bias or unduly influence the professional judgment of the professional accountant should be avoided [ (Chan, 2004) ].

It would mean that their judgment has not been comprised. Objectivity is also a good ethical principle for an accountant to have. Being objective means that the accountant will not let personal issues get in the way of them making the decisions that need to be made for the good of the organization; using the facts not going on what anyone else says to make a decision. Integrity is another ethical principle that is good for an accountant to have; meaning that they are not going to allow misrepresentation of facts to be made known or recognized on the financial statement. They must maintain their integrity even if it means saying no the boss; when it comes to printing the facts on the financial statement.

When measures of central tendency are not affected by extremely low or extremely high values?

Fairmont Hot Springs in BC, Canada is a world-class vacation destination summer and winter. Sunchaser Vacation Villas offers a timeshare for sale that will make the perfect vacation home for you and your family. You can choose a one or two-bedroom villa with a full or partial kitchen and one or two bathrooms. Villa amenities include attractive décor, decks with barbecues, two TVs with DVD players, washers and dryers and a wired or wireless Internet connection suitable for browsing and email. Owing your own vacation home in Fairmont Hot Springs allows you to enjoy all the fun and convenience of a private residence without the hassle and worry of cleaning and maintenance.

Consistency. When the company chooses the accounting method, it should continue using it throughout. It should be the same from period to period and year to year. If the company chooses to change the method, it should be disclosed and explained why the company made such a change. This concept can also be described as logical coherence among parts or things, when the same sequence is followed from one period to another.

One of the main tasks of the enterprises of various forms of ownership and spheres of activity - the search for effective ways to manage labor to ensure the activation of the human factor and achieve the best production results. The company «Hyatt Hotels Corporation» is today one of the leading companies offering hotel services. The company, headed more than 500 hotels all over the world, is of great interest as an object of study of the corporate culture, because it includes a huge number of employees (more than 30 thousand people). Hyatt Hotels and Resorts are distinguished unsurpassed quality of services precisely because of its staff. At the heart of the corporate principles of the company have the task to give our employees

Marriott International envisions itself to be the world’s lodging leader. Its mission is to provide the best possible lodging services experience to customers who vary in backgrounds, language, tradition, religion and cultures all around the world. Marriot is committed to environmental preservation through using environment-friendly technology and engages in social responsibility and community engagement.  We value our shareholder’s so we will only take steps that will ensure our growth. Most importantly, through our “spirit to serve”, we emphasize the importance of Marriott’s people and recognize the value they bring to the organization’s growth and success. It aims to increase revenues by 9% every year, to increase

Accounting is the art of measuring and communicating financial information. To maintain uniformity and consistency in preparing and maintaining books of accounts, certain rules or principles have been evolved. These rules or principles are classified as concepts and conventions. One of the important concept in accounting is “Measurement” (Mattessich, 1977)

Means the key fact relied on other facts or fact initial build other facts, in this sense, the accounting principles are a set of agreed rules and generally accepted and not be neutral about the stability of the current image, and those rules include all registration procedures in accounting books and financial reporting and basic concepts and assumptions based on the economic basis, and these principles are :

Prudence is the normal accounting practice to fully recognize losses as soon as they become apparent but not to recognize revenues until they are certain. In more recent times the prudence concept has become known as the ‘ realizations principle’ in that only gains that have been ‘realised’. Unrealised gains would not be recognized until the value is realized through its sale. (Financial and Accounting for business by Bob Ryan p.108)

Therefore accounting methods are very much important in measuring the profit of the company and company must prepare their finical report by using the fair value and historical cost method simultaneously. However, true financial position of the company or business can be easily calculated by using the accounting methods that are more reliable and accurate. Therefore companies must use both historical and fairly value method to know the actual financial position of the company.

ROSF examines the profit a business generates with the shareholders’ funds. The ROSF of Starhill Real Estate Investment Trust (hereinafter refer as Starhill REIT) raised steeply in year 2009 from 7.09% to 27.73%, an increase of 20.64% compared to previous year. The remarkable increment of the percentage was conducing by the growth of income after taxation in year 2009. Included in income after taxation was a revaluation surplus of RM274.36 million required to be made under fair value accounting standards. Meanwhile, the growth in recurring profit was contributed substantially by increased in service charge rates for all tenancies in the retail complexes. This showing a good