Category: Business | Type: Assignment | Style: APA | Level: Degree | Pages: 3
Essex fire service being a provider of service under the public goods will have different objectives from a typical business firm. It is a public provider of service, so its performance can only be analyzed in the context of its service delivery given its scope. To enhance efficiency it has adopted best value accounting code of practice for repeating its financial status. However the intended management structure has not yet been streamlined accordingly. In as much as budget is a pointer of intentions for the year, it is bound to strengths and weaknesses. Budgets are just an indicator and room for adjustments should be made. Budgets only provide a framework and should not be relied on stringently.
... to come (Ebikon 1999). The company's financial position is quite strong which has led to the company being awarded high rank of BAA1 by Wright Quality Rating based on its last 3 years reported financial reports. This ranking is elaborated as Liquidity (B - Excellent), Financial Strength (A - Outstanding), Profitability (A - Outstanding) (CorporateInformation 2009). This is further analysed in the next section which involves a financial statement analysis of the company's reported financials for the last five years. The company has been innovative in both its products and services. The company has also implemented innovative solutions by carrying out extensive research and development ... View details
Financial report for a Case Study: Channel 4 Introduction: The Channel 4 was established during the year 1982. Through vision and dedicated leadership, it has been able to reach a position of dominance in the TV industry by even being able to go ahead of its nearest competitors in this field. It is proposed to take up the financial study of this success story and the broad framework under which the financial controls are established in Channel 4. Over the years, Channel 4 gave way to Channel 5, which was established in year 1997, and this resulted in greater competition in this field, with the audiences being divided and no single channel able to establish complete domination over the TV ... View details
... will follow IFRS for financial reporting though it will have a small adverse impact on reported profit after tax. This impact excludes the effect of IAS 32 and IAS 39 - the Group has elected to take a one-year exemption in implementing these standards as allowed under IFRS. Morrison Plc. Basis of preparation Financial statements are prepared and presented on the basis of International Financial Reporting Standards (IFRS). The important accounting policies are detailed below: Turnover Turnover represents sales to customers. It does not include any tax such as VAT paid on sales. The sales/transfer of goods from parent to subsidiary or one subsidiary to another or subsidiary to parents etc ... View details