In truth, there are many publications dedicated to accounting and its history therefore there is a lot of interest in the accounting process. In addition, it is broadly known that accounting documentations, or their proxies, have been discovered from the era of the pyramids in Ancient Egypt in form of indentations on sticks. However, the most legendary accounting incident in history was the Father Luca Pacioli’s work publication He is regarded as the father of modern accounting and bookkeeping. With the expansion of trade and industry during the sixteenth to the nineteenth centuries, came the enlargement and augment in ...
Financial Course Works Samples For Students
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Company Description
Tottenham Hotspur Plc is engaged in the operation of a professional football club in England together with related commercial activities. The Company has two segments: football and property. In addition, the Company continues to acquire numerous properties with a view to a new stadium development.
The sponsors of the club include Autonomy, Investec, Puma, Thomas Cook Sport, Sporting bet, Carlsberg, TNT, EA Sports and Glyn Hopkin. The Company's Tottenham Tribute Trust is an organisation that reaches out to members of the Spurs family who are fighting hard times either financially, medically or both. The clubs patron includes Chigwell Construction (London) Ltd is a ...
The increased rate of terrorism in the world in the 21st century has not only threatened the world but shaken it. The terrorist attacks have continued to cause untold suffering to innocent people besides destabilizing legitimately elected governments. Economic growth and development in a country thrives, and blossoms in a very peaceful environment.
The United States of America has had the worst experience involving the terrorist attacks. The U.S Marine Corps were bombed in 1983 by a suicide bomber who rammed an explosive laded truck in the barracks. The prominent organizations in the world that runs the terrorism activities ...
Limitations of the Internal Control Systems
According to SA 400/AAS-6 Risk Assessments and Internal Controls, internal control systems can provide only reasonable, but not absolute, assurance that the objectives of internal controls are achieved because of the following inherent limitations (Ainapure& Ainapure, 2009)
Managements may attempt to keep the cost of an internal control below its expected benefits
Most internal controls are directed at usual transactions
There is a possibility of human error due to carelessness, misunderstanding, lack of knowledge etc.
There may be collusion among employees and/ or outsiders.
A person responsible for exercising an internal control may abuse that responsibility.
Procedures may become inadequate due to changes in conditions.
...
Question 1
a) According to the National article, the “inextricable link” highlighted was the link that existed between the independence of the board and good corporate governance.
b) According to the National article, financial, legal and future mergers are the areas that really need independence even on a small executive board. The reason why it is very essential to have independence even on a small scale is because it would be quite expensive to bring in a person as a full employee in those areas.
c) In accordance with the 2010 UK Corporate Governance Code, except for smaller companies, at least half of the board, excluding the ...
Raising Capital in the UK Economy
Businesses have several financing options for their capital projects. One of the financing options is bank borrowing. There are several banks in the UK market and a business does its analysis to get the best interest rates in the market. A business may approach a bank loan to purchase assets such as machinery. With this kind of business financing, the company may have to give assets as collateral to the bank to act as security. There are two types of bank loans that offer that is secured loans and unsecured loans. The advantage of secured loans is that the interest rate ...
Introduction
Financial statements are essential documents for any business and it’s hence the obligation of the business owner to ensure that these statements are properly tracked. Record keeping of the financial statements has a lot of significance to the welfare of a business be it small or large.
1.) Discuss why it's important for small business managers to constantly analyze their financial statements (i.e. the balance sheet, the income statement and their cash flow statement).
Balance sheets are important because they assist the business owner to evaluate the assets and the capital injected into the business. The owner is also in a position to analyse the liabilities in the business. Likewise, the income statement enables the owner to know whether the business is operating at a profit or loss. The ...
Introduction
The intelligence received indicates that an international terrorist group known for its hatred of capitalism and western culture is targeting a high profile location in a major United States city. This attack will be a start to a violent campaign against the United States. Though the particular time of attack is unknown, it is anticipated within the next thirty days.
Risk assessment and analysis
Likely targets
The terrorist group is known for its hatred for western culture and capitalism. This gives a probability that the attack will target a city or part of a city in which capitalism or American culture is prominently manifested. Cities which have areas which are ...
Technology has been in use for many years past, but its initial application was in technical and scientific fields. However, the business culture has so far changed everything. With investors seeking for means to increase their sales and marketing objectives, technology has emerged as one of the most effective tools for business growth. E-Business is the integration of internet with management in order to increase productivity, sell brand name, increase sales or perform any other business oriented task. Its adaptability and ease of application has made many business individuals and to embrace the strategy in order to succeed. Nigeria ...
Question 1
The terminology business cycle is used to denote the fluctuations in the economy in production or any other economic activities over a given period of time. These fluctuations occur around a long-term expansion trend and often involve changes over time between periods of high and vigorous growth and periods of relative stagnation (Tvede, 2006, p 7). The components of a business cycle include boom, recession and recovery. Boom refers to the economic period where businesses are experiencing large sales which results in high profit margins. During this period, the levels of employment are relatively high (Freiber, J. & Freiberg, K., 2007, p 41). Business ...
Incentives is a term used to refer to any factor financial or non-financial to motivate a particular course of action in an organization or something that can give a person reason enough to prefer one choice to the alternatives. It is normally aimed at encouraging someone to act in a particular way. Incentives are believed to have an influence of an individual’s decision making and this will indirectly have an impact on how an organization performs in terms of co-operation and competition within a larger institutional structure. The main aim of incentives is to provide value for money and contribute to organizational success. ...
ANALYSIS TOOLS
Owners of businesses are always looking for the best ways to make their business decisions. Accounting information is one of the tools that can be of great help to business managers in making decisions concerning the operations of the business (Bragg, 2011). In accounting, analysis refers to the assessment of the profitability, viability and stability of a business. These assessments are carried out by professionals in the accounting arm of the business; they prepare reports using ratios that make use of the information acquired from the financial statements and other reports of the company. These are then presented to the ...
1. Six Sigma, the Baldrige National Quality Program, and ISO 9000 certification are all programs that aim to improve quality and performance, but they each take a different approach to achieving that goal. Do you think these approaches are competing with each other, or are they complementary? Explain your answer.
Six Sigma, the Baldrige National Quality Program, and ISO 9000 are all quality measurement systems, but they by no means compete with each other. Many companies use all three systems as tools for continuous improvement, and each of them plays an essential role in both satisfying customer and business needs. ...