This report summarises the financial performance of the Glaxo Smith Kline. I have analysed the change in share price of Glaxo Smith Kline in the recent years and pointed out the reasons for the change. Financial performance of the company has been analysed by calculating different relevant ratios such as Return on Capital Employed, Asset turnover ratio, etc. Cash Flow Statement has also been used to discuss the financial performance of Glaxo Smith Kline. This Report also shows the problems fa...
The financial Crisis which came to a head in 2007-2008 triggered widespread reappraisal, locally or international which has established brutally how weak checks and balances have been in the public market. There is a likelihood of an economic catastrophe happening, from the drastic fall in share price which has still not fully picked up even after 5 years of financial crisis (Hoogervoorst, 2012). There has been continuous development of measures reduce exposure to the risk of more financial c...
Financial Accounting Standard Board defines Conceptual Framework as 'a coherent system of interrelated objectives and fundamentals that is expected to lead to consistent standards. The rules are set in accounting standard that are formulated from the framework, but it takes preferences over the framework during the time of conflict of interpretation. Conceptual framework is a type of intermediate theory which attempts to connect all aspect of inquiries such as, defining a problem, purpose, da...
Cost systems: According to Bhimani, Horngren, Datar and Foster (2008), managers understand the need for a cost accumulation system in decision making to answer their questions about product selling price, profitability of the product, the quantity to make profit. Moreover, the problems which are many indirect cost are relevant for decision making, product decisions are not independent are also the main reasons (Drury, 2008). There are three typically cost system: direct cost systems; traditio...
This semester, I was assigned a term project and I have selected the second question to be answered which is "Should management accountants be involved in the pursuit of green accounting". It is of my interest since nowadays, organizations specifically manufacturing industries have initiative to care and take into consideration on the environmental conditions. Nevertheless, some of them included that consideration as their corporate social responsibility. Human being is the one who should hav...
What is audit strategy? The planning process to develop an efficient and effective audit which includes making decisions in relation to the scope of the audit, the general evidence requirements for the forming of an opinion, and the initial choice as to the nature, timing and extent of audit procedures to make efficient use of resources." Audit strategy equal to audit planning? (Mort Dittenhofer, 1994) found that the concept of strategy entails more than planning as consequences, audit planni...
Introduction In this study, Open University Malaysia has been chosen to investigate and analyze the relative strengths and weaknesses by absorption costing, cost volume profit analysis and others. The process by which total overheads are absorbed into production is known as absorption. The objective of the overhead absorption process is to include in the total cost a product an appropriate share of the company's total overheads. Once all the overheads have been apportioned to the production c...
From the Case study given, we found the additional issues that synchronize with the discontinued operations. The another issues arise is, most of managers in current situation manage their earning by using the discontinued operations. How, Why and What the consequences by doing so are will be explained and elaborate in details as the below paragraphs: When making firm-valuation decisions, investors place a higher value on items of income expected to be determined in the future. To assist inve...
I'm a 32 y/o female and about to apply to college after a 10 year absence. Any suggestions and tips would be helpful. I know the flow of my paper isn't as fluid as I would hope it to be but I'm hoping the suggestions in this forum will give me the direction I need. Thanks! I firmly believe in the powerful message of Ecclesiastes 3:1, which states, "There is an appointed time for everything and there is a time for every event under heaven". When I was growing up, my parents instilled in me the...
Language is a combination of human-being's history and culture, containing various aspects of social characteristics such as : national consciousness, historical culture, customs etc. And language serves as dress of thought, thoughts are always expressed by words , without thinking, words and language would be meaningless. Meanwhile, the different cultural background and cultural tradition make Chinese and Western in a different pattern of thinking . Vocabulary is the most basic and important...
