Mission statement

Introduction: An audit is a process of examining the financial statements for accuracy and free of fraud. According to the textbook, Intermediate Accounting by Spiceland chapter one, it said “Audits add credibility to the financial statements, increasing the confidence of those who rely on the information” (page. 16, 2016). After the frauds scandal of WorldCom and other companies, the investors lost their confidence in the accounting department (page.16, 2016). To increase the investors’…

income statement and Balance sheet Each of the financial statements is on separate sheets for the annual financial report, here is a quick explanation how they working from the top to the bottom. Here is a summary which explains the lines, looking at the top and going down:  Sales acquiring expense for sales it requires businesses to maintain working balance.  To make…

food, as well as customers wants and needs. We will be allocating resources to production because we plan on being able to produce our own food in the future. This will significantly lower the cost of goods we sell, which is a large expense on our statements. The final investment we will be setting aside money for will be to purchase our own delivery…

Mueller Water Product’s Future Success or Failure In my estimation, Mueller Water Products will be around for a while as evidenced by their stock performance, their strong financial ratios, and current industry market forecasts. One of the keys indicators of a successful company is the consistent performance in the stock market. In the last three years, Mueller Water Products have not had much variability in their stock price which is a good indication of their steady presence in the market…

In 1979, the Pacific Oil Company began its relationship with the Reliant Corporation, an association of immense consequence for both organizations. Lewicki chronicled this case in Lewicki, Saunders, and Barry (2010, pp. 582-609). Two multinational industrial giants, these companies had much to gain through a contract for the sale of vinyl chloride monomer from the Pacific Oil Company (or simply Pacific) to the Reliant Corporation (or simply Reliant). When representatives from the companies went…

Recently, Tun Dr. Mahathir’s the ‘Malay Dilemma’ has become the ‘Malaysian Dilemma’. First of all, the definition of dilemma is a situation in which a difficult choice has to be made between two or more alternatives. In 12th February 2015, Tun Dr Mahathir Mohammad gave a forum about ‘The Malaysian Dilemma’ organized by Center For A Better Tomorrow (CENBET). Tun Dr Mahathir Mohammad started his speech by giving the definition of ‘Dilemma’. He said that "The problem with dilemma is, if you do it…

While I am concerned for my employees, I tend to have little patience for excuses, which most likely came out of being raised by a father who was in the Marines. I agree with Covey’s (n.d.) statement, “It is important to admit immediately and correct our mistakes so that they have no power over that next moment, and we are empowered again.” Instead of excuses for behavior, I fully expect my associates to acknowledge, fix their mistakes, and work…

2.5.1 Application of Kotter’s Change steps to the managing change at Faslane Case study 1. Increase Urgency Mr. John Howie identified the negative situation occurred in Faslane. After five years of time Managing Director achieved the goal more than the target they fixed. 2. Build the guiding team The employees were not ready to accept the cost saving changes at the beginning, but the effective managers were able to set positive perception positive mentality and encourage Faslane’s employees to…

8.1.4 Liquidity risk. Management of American Airlines capital and cash can affect the variability and predictability of revenue and cash flow. Liquidity risk is a measure of the company’s ability to meet short term obligations. American Airlines liquidity abilities can be examined through its current ratio, quick ratio and cash ratio. Table 1 Liquidity Ratios for three consecutive periods: American Airlines 2016 2015 2014 Current Ratio 0.74 0.73 0.88 Quick Ratio 0.67 0.67 0.80 Cash Ratio 0.46 0…

1 PART 1- Project objectives and overall research approach I have chosen topic 8 on the analysis and evaluation of the business and financial performance of Maxis Berhad over a three year period. Digi Berhad was chosen for the comparative analysis of both business and financial performance against Maxis Berhad. The competitor was chosen on the grounds of it having the same principal activities and is of the similar size as the chosen company. Moreover, both the companies have the same financial…