9a. Key points of PGPA Performance statement
9b. If the entity has a subsidiary, the subsidiaries of the entity must be consolidated to present the financial performance and position of the consolidated entity. Therefore, the financial report of an entity must encompass all the entities it controls, accounted for in accordance with the consolidation standard
10. Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. The process of zero-based budgeting starts from a "zero base," i.e. you need to start from scratch and strategize where your expenses can be cut and also every function within an organization is analyzed for its needs and costs.
Starting from zero for line of items the company can analyse its needs and cost from the beginning and also keeping in view the industry trends. Therefore this will enable thecompany to curtail discretionary cost. This will also give us a limit of budgeted expenses and revenues for the current year, which can be further be utilized for management decision making.
·11. . Features of organisational and managerial performance measurement:
Examples of financial performance measures are earnings, profit margin, average order value, and return on assets etc and non financial measures are company reputation, customer influence and value, competitiveness, innovation etc
12. The two main reasons for a decline in operating profit are fairly easy to pinpoint – you either have a decrease in sales or an increase in expenses. Understanding the different reasons these occur can take more digging before you can stem the tide of profit erosion. Understanding common factors that reduce business profits will help you take steps to address them and spot problems quickly before they get out of hand.
Financial reports help you project income, expense, cash flow and debt service, allowing you to take steps to manage each of these critical areas. Divide your expenses into manufacturing and overhead expenses if you haven’t already. Manufacturing expenses include any costs directly tied to producing your product or service. Overhead costs are those you accrue to run your business, such as rent, phones, insurance, marketing and office supplies.
Track your manufacturing and overhead expenses each month as a percentage of sales to spot any large swings that indicate a problem. Even though credit card interest gets rolled into your balance each month, record it as an expense in your budget to get a true picture of your profits. Analyze your budget performance against your projections each month to determine if you need to adjust your spending based on faulty sales projections.
please answer Q9 yo Q12 in Australian firm a private placement? 8. Explain how shares are...
LAX is a European manufacturing equipment supplier, offering installation, training, maintenance and other services. The firm is divided into eight business groups (BGs) that serve different geographical areas. LAX has been very successful. The firm’s founders developed the LAX creed, which states the firm’s philosophy of innovation, creativity, work ethic, and commitment to firm values. Top management has always stressed the importance of business ethics and corporate social responsibility. Three years ago, the firm initiated annual sustainability reporting to stakeholders....
I need help with my very last assignment of this term PLEASE!!, and here are the instructions: After reading Chapter Two, “Keys to Successful IT Governance,” from Roger Kroft and Guy Scalzi’s book entitled, IT Governance in Hospitals and Health Systems, please refer to the following assignment instructions below. This chapter consists of interviews with executives identifying mistakes that are made when governing healthcare information technology (IT). The chapter is broken down into subheadings listing areas of importance to understand...
*Please only answer #3* Jupiler Inc. (A Business Risk Case) You are a senior auditor at Zales and Brook LLP, a CPA firm. Jupiler Drinks Inc. is a large publicly traded firm based in California and has been audited by your firm for years. You are assigned to lead the FY2007 audit of Jupiler Drinks (DB). You read previous year working papers, BD’s quarterly reports and have learned the following facts. BD is a large multinational non-alcoholic drink producer, selling...
Read the Article posted below, then answer the following questions: Mergers & acquisitions are a major form of corporate diversification strategy, identify and discuss the top three reasons why most (50-60%) of acquisitions fail to create shareholder value. What are the five major components of “CEMEX Way” and why has this approach been so successful in post-acquisition integration? In your opinion, what can other companies learn from the “CEMEX Way” as a benchmark for acquisition management? Article: CEMEX: Globalization "The...
Discussion questions 1. What is the link between internal marketing and service quality in the airline industry? 2. What internal marketing programmes could British Airways put into place to avoid further internal unrest? What potential is there to extend auch programmes to external partners? 3. What challenges may BA face in implementing an internal marketing programme to deliver value to its customers? (1981)ǐn the context ofbank marketing ths theme has bon pururd by other, nashri oriented towards the identification of...
I have this case study to solve. i want to ask which type of case study in this like problem, evaluation or decision? if its decision then what are the criterias and all? Stardust Petroleum Sendirian Berhad: how to inculcate the pro-active safety culture? Farzana Quoquab, Nomahaza Mahadi, Taram Satiraksa Wan Abdullah and Jihad Mohammad Coming together is a beginning; keeping together is progress; working together is success. - Henry Ford The beginning Stardust was established in 2013 as a...