My choice of the company to base on in my financial statement analysis is the Walt Disney Company. This is a company that mainly deals with the entertainment industry by animation.Its aim are to become, in the nearest possible future one the leading providers of entertainment and information to their various audiences. This is done by their various efforts to invest in creativity so that they are able to pull more audiences towards their works of art. Their commitment to creativity and…
The Walt Disney Company Financial Statement Analysis My cull of the company to base on in my financial statement analysis is the Walt Disney Company. This is a company that mainly deals with the regalement industry by animation. Its aim is to become one of the leading providers of entertainment and information to their audiences. This is done by their efforts to invest in creativity so that they are able to pull more audiences towards their oeuvres. Their commitment to creativity and…
how different aspects of society have an impact on personal lives as well as accounting. Environment does have an effect on accounting (Cerne, 2009). There are of course differences that do occur because of the adoption of the International Financial Reporting Standards (IFRS), and Generally Accepted Accounting Principles (GAAP. Many studies have been performed to understand the attributes of culture. One study that of culture was by Geert Hofstede in the early 1980’s. It is because of his…
Diagram 3.1.1. Divisions in Overseas-Chinese Banking Corporation (OCBC) I am attached to one of the departments in the Group Risk Management division. At a glance, Group Risk Management (GRM) is an independent function that reports to the Group Chief Risk Officer, Vincent Choo, who is responsible for ensuring that risk management practices in OCBC are effective and comprehensive. GRM has financial responsibility in contributing independent risk control and management of credit, market,…
Christmas Carnival will bring all the excitement and atmosphere of a traditional and enjoyable, with interesting games booths, kid zone, and outdoor ice-skating rink, international food and beverages,…
1. Legal aspects A. The first question to analyze is whether Blooms Inc. has consent to collect the data of customers under the General Data Protection Regulation (GDPR). According to Article 7(1) GDPR, the fundamental condition for the data processing based on consent is the ability of the data’s controller to demonstrate that the data subject (i.e. the customer) has consented to the processing of his or her personal data. In the present case, the customers, namely Steven and John, freely and…
Background One of the many enduring puzzles in corporate finance has been the need and outcome of the M&A (merger and acquisition) activities during different times. Generally, history is not discussed in detail for corporate finance owing to the changing market dynamics; however, M&A activities are different in terms of learnings they bring forward. A merger involves a combination of two existing companies into one single entity. Mergers attract consolidation of the industry since it is…
Elements of Territoriality Elements of Territoriality 1. Are the pedestrian routes clear and legible? 2. Are entry points into the area visible and well-defined? 3. Are there signs to locate where you are? 4. Are there sufficient way-finding maps / signs to key destinations? 5. Are there confusing levels/zones?* 3.7.1.3.2 Elements of Surveillance In this second element there are 6 items being tested. The items are as shown and presented in Table 3.2 below. Table 3.2 Elements of…
a) IASB stands for International Accounting Standards Board. The IASB is a standard-setting board whose main role is to ‘develop and approves ‘International Financial Reporting Standards’ so that all financial reports and financial statements globally are detailed and can be easily read by all users. With constant regulation and development, it ensures all business’ financial records are formatted the same and easy to transfer information to and from them. To become an IASB member isn’t an easy…
The Financial Accounting Standards Board (FASB) has been the assigned organization in a private sector for establishing standards. These standards are important to be useful because it allows investors to make informed decisions. Financial information must be reliable, consistent and transparent. Transparency refers to high-quality financial statements that are clear and easy to understand. Being transparent in financial reporting allows investors, creditors and the market to properly evaluate…