This ratio helps analysts describe Tesco’s ability to cover its annual interest. This is found by dividing Tesco’s earnings before interest and tax or EBIT by Tesco’s annual interest expenses. Tesco would want a high interest coverage ratio because that would mean they are…
Integrity: A professional accountant should be honest and straightforward in all of his business and professional relationships Objectivity: in order to override business and professional judgments, a professional accountant must not allow bias, conflict of interests and undue influence of others. Professional Competence and Due Care: while providing professional services, a professional accountant should act diligently and in accordance with application professional and accounting standards…
1. Introduction 1.1 Background on Financial Ratio Analysis Lenders and investors alike often use financial ratio analysis when determining the performance, solvency, and general business practice of a firm. Ratio analysis can serve as a tool to understand the relationship between quantities, and can be a useful benchmark in the comparison of two or more organizations within a common industry (Faello, 2015). The use of these ratios can determine factors such as asset and debt management, as well…
KNOWLEDGE OF FORENSIC ACCOUNTANTS A forensic accountant is an expert in accounting and financial methods. When the companies keep on growing in size and density, detecting fraud requires a forensic accountant to become skilful in an ever-increasing number of professional skills and competencies. Here are some of the broad areas of expertise for a forensic accountant: • There should be an in-depth knowledge of financial statements and the capability to critically analyze them. This expertise…
Case Analysis conducted on Wells Fargo’s Scandal. Akande, Sodiq. East Tennessee State University Case Analysis conducted on Wells Fargo’s Scandal. Introduction Wells Fargo and Company is a financial institution that provides banking services (community banking, wholesale banking), investment management, cross- selling and mortgage for individuals and organizations internationally. Wells Fargo and Co. has been in existence since 1852; it was known as both a shipping company and a bank.…
should manage and ensure those involved in the investment process are process are performing to best of their ability. A well-tuned disciplined investment process requires a portfolio manager whose job is to ensure, fundamental analysts, market strategists and quantitative analysts are all working together to achieve the goal of…
for General Accepted Accounting Principles and the purpose in this article is to point out what is wrong with financial reporting, and the authors want all people are doing business have to usefully describe the truth, and nothing with the truth in financial reports. The authors are using description, exemplification, comparison and contrast strategies to express their purpose on…
Nowadays, a lot of students are confused about what kind of career that they can choose. Before they decide which one they are going to choose, they may think and ask themselves a lot of questions and they may be struggle a lot. In some cases, some students will find out the answer of which career they plan to become during their study journey. Some students cannot figure out which career they plan to become because some of them want to find the easier way to be successful, like what I was…
FINANCE AND ACOUNTS DEPRTMENT Each company is carried with a cause of being profitable. Cash or capital being a scare in addition to vital aid in the working of any agency desires to accept prime significance. The financial resources were deliberate and managed in a proper and non-stop manner. As most of the maximum crucial choices of a firm are the ones which relate to finance. Finance & debts from an integral a part of any organisation. proper and clean functioning of this segment could be…
2007”, although internet has its own significance in the banking institutions because the benefits of internet has been provided to customers as well as banking institutions, but the fact is still in India, not all the financial institutions have adopted the online banking service to its customers. Even few institutions have already established the online banking system successfully. Even in India inadequate web designing and other factors also impact on the decision of…