Statements

One can never tell what he truly wants unless faced with many opportunities and has tried them hard enough. That’s definitely true, from what I have been through. Different from most other students, I didn’t start my accounting study until the second undergraduate year. And that’s exactly the time when I know that I finally find the thing I would devote to. Needless to say, that was quite a phenomenal change both academical and psychological, since the major I used to take was Chinese…

Vision: PETRONAS’s vision would be, ‘To be a leading oil and gas multinational of choice’. Mission statement: PETRONAS mission statement is, ‘We are a business entity, petroleum is our core business, our primary responsibility is to develop and add value to this national resource and our objective is to contribute to the well-being of the people and the…

over the aircraft’s useful life (AASB 116 paragraph 6). Qantas’ depreciation policy for leased aircraft differs depending on classification as an operating or finance lease. For an operating lease, the figures are charged directly to the income statement as a yearly expense and therefore would not be tested for depreciation. Assets are considered a finance lease when they meet requirements in paragraph 10 (AASB 117). A finance lease depends on whether the aircraft is returned back to the lessor…

b) Why is company B’s ROE so much higher than company A’s? Does this mean that company B is a better company? Why or why not? c) If companies A and B were combined (merged), what would be the impact on the results on ROE? Under what conditions would such a combination make sense? d) What is the net income during the project period? e) Compute the net cash flow from the project during the first year. Problem # 3 [16]: Table 3 summarizes the financial conditions for Apple…

Annual Reports: For comparative ratio analysis, all of the financial reports of preceding three years 2014-2016 were downloaded from official sites of both the firms. Official Websites: The official sites of both the Delta Air Lines and United Continental Holdings were considered to acquire the authentic data for building portfolio information of the products, business objectives and history of the firms. Newspaper/Articles/Reports: Different Newspapers including USA Today, Telegraph, The…

Sacrificing something personally for the interest of the company is known as loyalty assuring that employee has an ethical responsibility to be loyal employee. In regards to Philosopher Ronald Duska statement, no employee should put stake personal sacrifices because no employee has an ethical responsibility of putting through loyalty unless it is based on mutual relationships between employer and employee for mutual benefits. Keeping that in consideration…

Weak Internal Control Internal controls are systems put in place by an organisation to ensure its efficient performance and delivery of its services to stakeholders. It also ensures that in situations where activities does not go as planned, the damage does not affect the productivity of the organisation by having contingency plans. Internal Control also has to do with reliable financial reporting and compliance with rules, policies and laws which are all ensured by the management of the…

TRGB loan system SP1: Identify the work system that is being analyzed Answer: The work system we are analyzing pertains to the “TRGB” used for commercial loan applications. SP2: Identify the problems or opportunities related to this work system Answer: The points to show the main problems for the work system are as given below: • The level of interest payment for approved loans is not generated by the system. • Tighter loan approval system is required by TRGB. • It…

Competition Bikes, Inc. Competition Bikes, Inc. makes bicycles for professional and other highly accomplished riders who compete in bike races, biathlons, and triathlons. Sixty percent of all race winners have been victorious using a Competition Bikes, Inc. bicycle when at least ten percent of the entrants were also using a Competition Bikes, Inc. bicycle. This extraordinary success rate consistently is a topic of conversation among racers and this word of mouth advertising has been effective…

Therefore, from that statement we realized that IKEA’s production strategy was given to the price. IKEA’s strategy is to keep the prices below the market price, especially less than the competitor’s price. Its products have the same quality as the competitor’s quality but its…