Essays on Whittington

The U.S Securities and Exchange Commission refers to the United States’ agency that is tasked to enforce the securities laws, policies and guidelines, including the country’s stock and options exchange activities. It is the objective of this agency to “ protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation” (U.S, 2017). One of the main roles of the SEC is to ensure that investors who turn into the securities exchange market are protected and activities that are geared towards capital and investment formation are sustained for economic growth.

The Creation of the PCAOB

The Public Company Accounting Oversight Board (PCAOB) was ...

Abstract 2

An Illustration of Jimmy Choo’s Performance 4 An Illustration of Jimmy Choo’s Performance in Various Markets 6 PESTEL Analysis Table 6 5 Forces Porter’s Model 9

Business Canvas Model (Osterwalder and Pigneur, 2009) 12

SAFe Analysis Table 17 Financial Analysis 19 Conclusion and Recommendation 20

Reference List 22

Abstract The report analyses both internal and external environment for Jimmy Choo. The analysis has utilized different models including PESTEL, SWOT, five Porter’s forces and SAFe. The analysis has helped to identify internal capabilities of the company and the opportunities and threats presented by the external environment. The major opportunities for the company are product and geographical diversifications ...

Abstract

Numerous attempts to reform health care in the United States on the federal level have been made since the 1930s, but differences between each state represent a significant barrier to every previous federal health care reform. In 2010, the Affordable Care Act (ACA) was signed into law, but the current implementation and effects of the law are not the same across different states. The purpose of this paper is to compare and contrast the effects of the health care reform in California and Florida, as well as the positions of the two states. It was found that the insurance ...

Analysis of Costa’s Activity

Business Activity Costa Coffee is the UK’s favorite coffee shop and one of the world’s leading coffee brands, serving premium coffee in .. countries around the globe (Costa official website, n.d.). The company uses Arabica and Robusta beans, originating from 70 countries situated at the Bean Belt region, in the equator, going through a rigid process of cropping and roasting, to assure the top quality coffee served in Costa’s shops (Costa official website, n.d.). Therefore, the scope of Costa’s activities refers to selling premium coffee through dedicated stores. It also includes selling coffee through vending ...

Income Tax Accounting

Income Tax Accounting

According to IAS 12, deferred tax asset is used to describe an asset that will minimize the amount of tax that a firm wishes to pay in a future accounting period. In the future, it can be used as a write off element when the next tax period is projected to produce increased earnings. The IAS 12 offers that the difference in tax bases for an asset and deductible temporary difference is what creates a deferred tax asset. It implies that the future cash flows are significant. The taxes are usually plowed back into the business ...

Introduction

The main issues with Parmalat include the ineffective audit planning process and risk management. The company was involved in the fraud and misrepresentation of the financial statements. In addition, due to ineffective audits the company had to face severe consequences at the end. There is a need to implement effective audit strategies and risk management process.

It is important for the auditors to confirm cash balances with the financial institutions that are used in the cash reconciliation of the company like Parmalat. By using standard from confirmation, the auditor requests financial institutions to confirm by examining their records about ...

Individual Case Analysis of Apple Inc

Many companies operate in the mobile phone industry. One firm that many people around the world know and recognize to be the best in this industry is Apple Inc. The company is known to be market leaders in the sector in which it operates. The firm has a range of products, which include Smartphones such as the iPhone range of products, headphones, Mac computers and laptops among others. Those clients who have used products from the firm speak highly of them. On the same note, most people know that Apple’s products guarantee client satisfaction and are of high ...

Introduction

The entrance in the sport apparel and footwear arena of Under Armour, a relatively young sports brand followed its founder, Kevin Plank’s mission to provide athletes with fabrics that would prevent the accumulation of sweat, allowing them to focus on their games. This is still the company’s mission today: “Our mission. To make all athletes better through passion, design and relentless pursuit of innovation” (Thompson 53; Under Armour official website). Mission statements should answer the question why the company exists, it should be short, memorable, inspiring, market focused, indicate what the company wants to be remembered for ...

Context

A classical fashion company, J.Crew faces challenges from various directions, demanding it to keep innovate, offering fashionable models, while maintaining its conservative style and reasonable prices (Strickland & Lindsay 200). With a fierce competition, conducted by reputable brands, J.Crew requires a turnaround strategy for enhancing its competitiveness in a time wherein fast fashion and authentic, luxury clothing are in a paradoxical relationship of contradiction and completion (Joy et al. 274).

PESTEL The microenvironment plays an important part in J.Crew’s current business performance. The political, economic, social, technological, environmental and legal factors (PESTEL) define the context that influences the company’ ...

BUSINESS STRATEGY

Business Strategy Introduction A business strategy is a means to which a firm uses to achieve its set goals and objectives. It involves the long-term planning of an organization. The plan is referred to as long term because it covers a period more than three years to accomplish results. The resources that a company holds are the primary concern for the form of strategic planning for the enterprise. The resources are mainly finances. For instance, the management plans on which project to invest in. For a production plan, business strategy occurs when the company encounters a business scenario like ...

Abstract

The NBC has continuously posted its earnings in the recent financial years despite the fast-changing consumer preferences, conditions of the market, and technology. This success proves that the bank is focusing on the correct priorities, and pursuing appropriate policies. Similarly, the strong performance of the NBC also affirms to the leadership quality throughout the bank plus the dedication of about 20,000 employees. According to the bank’s profile, it is an integrated group of banking that provides a variety of services to consumers where all both small and medium sized companies are presented in Canada. An overview of ...

John Sunna

IFRS and GAAP are two most commonly used accounting standards. The differences between them complicate the comparability of financial statements of different companies. The accounting bodies understand the necessity of convergence of the two standards. Thus, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) work on several joint projects to facilitate this process. This paper addresses the differences and similarities between IFRS and GAAP as regards accounting for financial instruments, long-term assets, and liabilities. IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial ...

PART A: Arguments for and against the auditors insisting that MPS should begin expensing some parts of the construction costs instead of accumulating the increasing asset.

According to FASB 360-10, it has been specified that the value of an asset need not to be carried at a greater rate than the potentiality of its service. Moreover, this statement of FASB requires that the carrying amount of an asset should be reduced whenever the expectation of the future cash flow is less than its carrying amount. According to the case study, it seems that the Eagle Mountain would finally cost ...

Abstract

In the society today, everyone desires to remain young, active, and self-dependent. However, the forces of nature do not allow human beings to survive forever in the environment. People have to die for others to be born (Aldrich, Kiyota, Arnold, & Tanaka, 2015.). Everyone must go through old age if they successfully escape from other fatalities that cause pre-mature deaths. Our society treats senior citizens differently. Some are respected, others are mocked and ridiculed, others are stigmatized, and worse, others go through very difficult life experiences such as taking care of the young(Chapter 14 the Resilience of Elders of ...

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Introduction

Neoliberalism is both an economic and political ideology which proposes a new way in which states are restricted from interfering with the economic affairs and general day to day dealings of their private citizens. This concept was developed by Adam Smith in 1770 when he posited that government should not be allowed to be involved in the economy of the country and initially it was called liberalism. This stance borrowed heavily from the laissez faire principle which required that traders should be let free to negotiate their own terms of engagement. Adam’s conception was challenged in ...

Introduction:

With the growing possibilities of work opportunities, employees have multiple jobs to choose from. One of the key influential factor to take up the decision of a job change is compensation. It motivates the employees to fulfil the expected roles and objectives assigned to them. Strategic compensation differs in such a manner that here the employee is not considered just as an overhead. The employee’s salary and related monetary benefits are directly related to the strategies that have been formulated to achieve the company’s crucial objectives that ensure the profitability and sustainability of the firm in the ...

Competition in the business world is so stiff that each and every business has to adopt a strategy that will see it competitively maintain its market share Whittington (2001). Our small business company, Master brains Incorporation have recently developed an operating system that proves to be more stable and faster than the Microsoft’s Windows Operating System. The organization must also come up with the most magnificent means of ensuring that the business organization emerges to out seat Microsoft and become the talk of the day. The paper will take a cognitive overview of some of the techniques the ...