Per capita income

increased at a higher rate in the financial year 2014-15 as compared to 2013-14. Hence, it is important for Greencross Limited to cut down the expenses by taking necessary steps and implementing new financial strategies. The horizontal analysis of the income statement is presented in Appendix D for further…

Since GST (Good and Services Tax) has been available by government to implement it to the public, the reformation of GST seems to initiate a couple of issues. Those issues may include a political, or even economic aspect and many other issues. Yet today, there is a lot of argument, critics and fact about GST reform and its implications found in the Australian media. This essay will review some of the findings from the articles that are related to the GST reform and why GST holds a really…

The most eccentric of the Vanderhof-Sycamores family is Martin Vanderhof the Grandpa. One reason why I think that Grandpa is the most eccentric is because he does not think he has to pay his income taxes. Most people know that it is required to pay their income taxes and Grandpa thinks that income taxes are not serious. He is nonchalant when he receives the letters from the United States Government.…

Outsourcing and offshoring practices present trends and challenges to global businesses. Outsourcing involves a business subcontracting a production of their industry to a third party; whereas, offshoring involves the transferring of an organizational function to a third party (Gasper et al., 2014). Outsourcing rose in businesses due to financial performance. About 70 percent of 250 CFOs and CIOs believed that outsourcing increased their financial performance (Gobble, 2013). Pharmaceutical…

If a member of the audit team has a material financial interest in an entity and an audit client also has a financial interest which can exercise significant influence in that entity, then as per APES 110.290.112, a self-interest threat may be created. Here, the managed investment fund (financial interest) purchased by Stephanie McMahon (a member of the Audit Team) are also held by Nutrition Ltd (audit client) and was the top 10 shareholder…

3.1 Theoretical background of the study Use and significance of ratio analysis:- The ratio analysis is one of the most powerful tools of the financial analysis. this is used to a device to analyze and interpret the financial health of enterprise. Ratio analysis is stands for the process of determining and presenting the relationship of items and groups of items in the financial statements. It is an important tool of the financial analysis. The main following are the points of importance of…

new stores openings, as Zara’s new stores area share was slightly higher than 50% of the total new stores opened area which was about 4.5 million square meters (Inditex , 2017, p. 2). Thus, Zara’s remarkable amount of net income can be estimated as 60% of the total net income of Inditex, which was calculated as €3.2 billion in 2016. Based on the P&L statement of 2016 given and analyzed, it can be concluded that Zara is a healthy company from a financial perspective. Although the statement is a…

Sensible Insurance Company is a mid-sized insurance company whose core product is group term life. Group term life is a one-year rate guarantee contract with premium paid monthly. However, Mammoth Mart requested a three-year rate guarantee on the premium. Furthermore, it will pay the entire three years’ premium up-front based on its current workforce and salaries, with monthly adjustment based on the fluctuation to the covered salary amount. As you aware, addition of Mammoth Mart will almost…

Such a specialist maintains documentation of each monetary transaction in order to provide correct information on the income and expenses and create a base for subsequent accounting activities. The main functions of bookkeeping are: - recording monetary transactions; - posting ledger entries; - invoicing; - maintaining ledgers, subsidiaries, and historical accounts; -…

Question 1 – Learning Outcome 1 (10 marks) You are an employee of a compliance consultancy and will visit DKA Ltd and BBT plc, who are both UK-based insurance brokers. DKA Ltd is a small general insurance broker who only transacts commercial business for UK-based small and medium enterprises (SMEs). BBT plc is a global insurance broker managing all classes of business with international coverage. (a) Identify, with justification, two significant regulatory issues you will investigate on your…