Essays on Financial Data

Benford's law also known as the first-digit law deals with the distribution of natural numbers in which it tends to major into their importance regarding significance. The law states that given any arrangement of natural numbers, the smallest number always seems to be the most significant while the largest number in the collection is always the least significant. Therefore, number 1 appears to be the most significant in any given combination of natural numbers 30% of the times. While on the other hand, number 9 appears only 5% of the times as the most significant number. The law states ...

Business Audit: Coca Cola

Business Audit: Coca Cola

Executive Summary

This report takes a look at the business audit of the Coca-Cola Company. After introducing the audit, a brief background of the company is given. This is followed by a macro-analysis of the company. This analysis deals with the management tool i.e. PESTLE which details Coca Cola’s political, economic, social, technological, legal and environmental analysis. This is followed by a micro-analysis i.e. the financial data relating to Coca Cola. The competitor analysis of the company is next in line. This includes the strategic groups in Coca Cola’s line of business. A perceptual mapping ...

<< Name>> <<School>> <<Date>> Data requirement: Many different inputs are needed for the plan – from timelines, resources, funding, business risk and assessment, alternate sites and so on (Disaster Recovery, n.d.). Precision, Timeliness and Completeness of Data: In the Cloud scenario the replication of data needs to be precise. Quick server recovery at alternate sites to copy production data including IP, firewalls and VLAN is critical (Online Tech, 2017). Authorization of Data: Security remains one of the key challenges in the cloud and authorization of data becomes imperative. Information on the cloud ...

TeleTech Holdings, Inc. (TTEC)

TeleTech Holdings is a technology services company whose main business is the provision of telephony services to businesses. The company operates call centers and BPO centers through which it connects customers to their companies. Through the provision of the telephony services, it creates a lasting customer experience, which in turn results in growing revenues and profitability of the companies that it represents. The various industries that it serves include the automotive industry, financial services, healthcare, government agencies, e-commerce entities, and the hospitality industry among others (TeleTech Holdings, 2017). In light of the above brief on TeleTech Holdings, the objective ...

Introduction

Earnings or Net Income is the single most important figure in a company’s financial statement for the average investor. Even a small fall in the reported earnings can result in the loss of millions of dollars in stock value and subjects company managements to scrutiny by investors and financial analysts. Corporate executives are under therefore under pressure to meet market expectations resulting in “earnings management”. Earnings manipulations can range from minor adjustments within the law and the accounting standards to the outright fraud of showing non-existing profits (Carruth, 2011). The Sarbanes- Oxley (SOX) Act of 2002 was enacted ...

Publicly traded companies such as Verizon Communications are required to prepare and file fully audited financial reports according that adhere to U.S. generally accepted principles (GAAP) and International Financial Reporting Standards (IFRS) guidelines. The importance of preparing financial reports is to assist users with information regarding a company’s financial performance to make decisions. Financial reporting analysis helps to determine whether financial reports have any material misstatement or omissions that would influence a potential investor’s decision. An analysis of Verizon Communications’ 2015 annual report will highlight whether the company is complying with accounting policies to ensure information provided ...

XBRL

Abstract The global issue of data integrity and timeliness has resulted in the creation of standards that aim at the creation of uniformity. XBRL (Extensible Business Reporting Language) is a developed financial and business reporting system that is being embraced globally to provide standards that model business information. XBRL is involved in compiling, distributing, and allowing the use of financial information on a common platform. The adoption and use of XBRL were dated back to over a decade ago and many countries are still adopting the system. Some of the Asian countries such as China and Japan have mandated ...

MANAGEMENT ACCOUNTING

Introduction Management and financial accounting provide platforms for an organization management to provide informed decision and policies. Organization management uses the budget as the accounting tool in formulation of policies and allocation of resources in different activities. Accounting encompasses the entire body of knowledge that deals with recording and keeping of all financial transactions. It entails identification, recording, classification, verification, and communication of financial information relating to the resources of the organization. On the other hand, financial accounting is a subset of accounting and is concerned with the use of financial data to measure economic performance of the organization. ...

This paper presents profitability analysis of two companies listed and active in the London Stock Exchange. The two companies selected for the analysis include Premier Oil PLC trading under the ticker symbol PMO and Genel Energy PLC falling under the ticker symbol GENL in the exchange. The two companies fall under the Oil and Gas Producer main market segment of the London Stock Exchange. At the time of presenting this report, GENL traded at a price of 97.50p with a 52-week range of 71.75p to 441.00p. On the other hand, the MPS of Premier Oil PLC was at 63.50p ...

A standard method of exchanging financial data is crucial in the financial department of all institutions. In the past, the financial community was often frustrated by the lack of proper financial reporting formats. Most of the formats used were inflexible in sharing of data. Some of the formats used in the past include Microsoft Excel documents (MED), HTML, Adobe files, as well as text files. These formats had a little advantage of paper presentations. The inflexibility of these methods necessitated the adoption and use of XBRL in reporting financial statements. XBRL solved the dilemma that surrounded uniform exchange within ...

Introduction

Overview of Amazon Amazon.com is considered as the first company that offers or sells goods with the use of the Internet. The company has evolved as one of the best and biggest established brand names in e-commerce businesses throughout the world. Amazon is an American company founded by Jeff Bezos in the year 1994. The initial offerings of the e-commerce business were to provide books to its customers but due to the success the company diversified to different product and service lines including electronic equipment and merchant programs, groceries, clothing, home appliances, and others (Amazon.com).

Objectives of the Paper

There are four primary ...

Abstract

Undeniably, the major objective of most organizations is to achieve business growth. Since the business environment has increasingly become competitive, the need to set strategic growth objectives has become essential. Thus, strategic management is needed in all business organizations to facilitate the setting and realization of their goals. The profitability of most companies coupled with the ease of market entry is one of the main causes of increased competition in the market for various products and services. Entrepreneurs identify the weaknesses of an organization in terms of production, delivery, and provision of essential services and improve on these areas ...

Part A - The impact of accounting on the IT Development 4

Part B – Question 1 - Introducing or Upgrading Computerized Accounting Systems 5 (a) Advantages and Disadvantages of using a Computer Accounting System 5

Advantages 5

Disadvantages 5 (b) Considerations when setting up a Computerized Accounting System 6

Completion of an Accounting Cycle 6

Recording all Transactions from Manual Trial Balance 7 Running a Trial or Testing Phase 7 Verification of the Computerized Accounting System 7 (c) Chart of Accounts and Coding Structure is Followed by Impetus Limited 8

Part B – Question 2 - Accounting Packages 8

(a) The Features of an Accounting Package 8

Security 8

Reporting 9 Interdepartmental Operations 10 (b) ‘Module’ in an Accounting Package and its Purpose 10 (c) ‘Integrated’, ‘Semi-Integrated’ and ‘Non-Integrated’ Modules ...

MANAGEMENT ACCOUNTING

Introduction Management and financial accounting provide platforms for an organization management to provide informed decision and policies. Organization management uses the budget as the accounting tool in formulation and allocation of resources in different organization activities. The managers are the custodian of the budgets under the management and financial accounting. Financial statement and records provide viable financial data that helps in organization management especially in decision-making. Therefore, the study focuses on the management and financial accounting and expounding on objectives of the budget in an organization. The study will also provide the need of using variance analysis in organization ...

Financial reports are an essential component of any organization. The reports need to be accurate and easily accessible. In the past, the reports were produced in the form of Microsoft Word or Excel. This could not be easily accessed by the stakeholders due to their inability to be accessed on different devices without appropriate software. Such inflexibility, as well as inaccessibility, necessitated the introduction of a standards-based format for financial reporting. The eXtensible Business Reporting Language (XBRL) provided the needed flexibility in reporting of financial information. The focus of the paper is to examine the use and adoption of ...

It is essential to harmonize and standardize reporting of financial issues in the world of business. Different organizations use different standards in their data reporting. In most organizations, data are transferred through the databases of the company. One of the most commonly used standards is the eXtensible Business Reporting Language (XBRL). It is one of the most globally accepted standards. This paper is set to research the adoption and use of XBRL standards. Additionally, the advantages and disadvantages of the standard are discussed. The various companies consume different data standards in an attempt to swap, share, and deliver data. ...

Introduction

The current paper presents the proposal for the deployment of windows server in Contoso. The plan for the effective implementation and configuration for Windows Infrastructure is also enlightened. It is implied that the company possesses adequate capital for the effective deployment of the Windows network infrastructure due to which the proposal is focused to present the effective plan rather than incorporating the extreme cost efficient measures.

Features of Windows Server 2012

The features of Windows Server 2012, as inferred by Carvalho (2012), are discussed below:

Multi-server Support

A new and redesigned server is introduced in which cloud concept is incorporated so that server manager can manage ...

Keurig Green Mountain was founded in 1981 as best coffee and coffeemaker company in the United States of America, initially named as green mountain coffee roasters. It specializes in making best beverages imaginable at homes and workplaces. The company contributes a prominent market share in the coffee industry. The paper highlights the financial department of Keurig Green Mountain and focuses on the assets, liabilities, annual income statements, inventories, stocks, and other financial related concepts. The income statement of Keurig Green Mountain indicates that company is performing well for past few years. The revenues generated by the company are the ...

Introduction

Graduating as a financial student is a significant achievement that guarantees an individual in the broad field of finance. However, financial professional needs to identify a suitable career option and assess which financial institutions have suitable opportunities for new professionals. This paper identifies financial career options that a new financial professional may pursue. The paper also describes the value that each career option adds to a company. Also, the paper identifies some of the important skills that would make a person eligible in each financial position.

Body

Describe two financial career options that a person with a finance education would ...

Part A – Company’s Background 3

Part B – Comparative Financial Data of Last Three Years 3 Part C- Comparative Financial Performance Analysis from 2013 to 2015 5 Current Ratio 5 Inventory Turnover and Receivable Turnover 6 Total Debt Ratio 7 Net Profit Margin 8 Key Findings and Investment Decision – Conclusion 9

References 10

Comparison of Financial Performance between PepsiCo and Coca-Cola from 2013 to 2015 Part A – Company’s Background This research aims to compare financial performance of PepsiCo and Coca-Cola Company from 2013 to 2015. These two companies are actually market leaders as well as largest competitors to one another in the global beverage industry. Both ...

1. Company oversight The company Relx Group is a provider of analytics and information for business, professional and academics to customers from different industries. The company has customers in 180 countries with offices in 40 countries. The company has 30 thousand employees; a half of the payroll is located in the United States of America. The company operates in the following market segments: ■ Scientific: The Company stores more than 16% of the scientific articles of the world that were published in the last ten years with peer-reviewed conditions with strategic associations with scientific magazines and universities. ■ Technical and Medical: ...

Introduction

Definition of Managerial Accounting Businesses must implement effective decisions at varying phases of growth through management accounting for a chance of a future. According to an article on the Harvard business Review, businesses mainly go through two main phases of growth: the start-up phase or the mature phase. According to Churchill and Lewis, each of these phases demand and rely on differing strategies that fulfill a need and/or takes the business to the next phase. The techniques used or applied to haul business through these phases are referred to as managerial accounting techniques. The parties responsible for reinforcing managerial ...

INDICATORS:

Income level: High Income Population: 35.54 million (“Data” 2014) GDP at market prices (Current US$): $1.785 trillion (“Data” 2014).

GDP per capita (current US$):

$50,230.8 (“Data” 2014). GDP growth (annual %): 2.44 (“Data” 2014). FDI Inflows: $59.6 billion in 2014 (“Trade Policy Review” 5). FDI Outflows: $58.2 billion in 2014 (“Trade Policy Review” 5).

Balance of Payment:

Current account balance (BoP, current US $): (-) $ 37.47 billion (“Data” 2014). Current account balance (% of GDP): (-)2.1% (“Data” 2014). Import of goods and services (BoP, current US$) : $580.7 billion (“Data” 2014). Exports of goods and services (BoP, current US$) : $564.6 billion (“Data” 2014). ...

Introduction 3

Comparative Financial Performance Analysis of Pepsi and Coca Cola for the Last Two Years (2014 and 2015) through Ratios and their Interpretations 3 Analysis of Profitability Ratios 4 Gross Profit MarginW 4 Net Profit margin 5 Return on Assets 6 Analysis of Solvency Ratios 7 Current Ratio 8 Quick Ratio 9 Analysis of Capital Structure Ratios 10 Debt-to-Equity Ratio 11 Interest Coverage Ratio 12 Examination of Efficiency Ratios 14 Days Sales are Outstanding 14 Days in Inventory 15 Payables Period 16 Findings and Recommendations 17

References 20

Comparative Financial Performance Analysis of Pepsi and Coca Cola Introduction Because of their global ...

Current Business Climate in Singapore

Being ranked with Philippine’s Performance in Doing Business 2014, Singapore is one of the top ten most improved business environment in the world. The online filing and payment systems make it easier for investors’ transaction and investments process easy and from anywhere (Lian,78). The system is supplemented by new laws that guarantee the right of borrowers to access their data in the country’s largest creditors bureau. This ease the verification of information and its usage by the banks. Having a good system that deals with construction permits which makes it easier for investors to acquire one ...