Chic Paints Plan Introduction to business (Section 4)Which accounting function will you be reviewing?Accounts Receivable/Credit ControlOverview of the business (PC 1.3)How big is the business – staff, offices, turnover?Chic Paints Ltd manufactures and supplies specialist paint products such as those used on boats, cars and industrial machines. It operates business to business. The company was formerly part of Ashstead Plc, but was the subject of a management buyout (MBO) from its previous owners in 2008 by five of its directors, whom had managed the company for many years. Prior to the MBO the Ashstead Plc operated a conglomerate manufacturing a wide range of products but this was considered to be no longer viable and as a result Chic Paints Ltd was sold off. Following the MBO the company moved away from the household paints market and towards the niche market of specialised paints as there is less competition and profit margins are higher.
Urban Outfitters, Inc. Case Analysis Kristine Drum MBA 604: Theory and Practice of Financial Reports March 5, 2012 Benedictine University This is an evaluation of the following publicly traded company, Urban Outfitters, Inc. and an assessment of its most recent fiscal consolidated financial statements. Urban Outfitters, Inc. is a publicly traded company on the NASDAQ stock exchange under the stock abbreviation: URBN. The company is primarily in the retail industry, and its key products include clothing, footwear, accessories and housewares. Urban Outfitters, Inc. is a Philadelphia based retail supply chain and wholesaler with a retail line comprised of clothing and lifestyle products. Urban Outfitters, Inc. (“URBN”) was established in 1970, with its chief headquarters located in Philadelphia, Pennsylvania.
It markets and distributes its products and services through original equipment manufacturers, distributors and resellers, as well as online. Board Members are elected every year using a majority vote system. Steve Ballmer has been Microsoft’s CEO since January 2000. Ballmer graduated from Harvard University in 1977, earning a Bachelors degree in mathematics and economics. Before working for Microsoft in 1980, he worked for two years as an assistant product manager at Procter & Gamble.
What is the significance of this award? Yes, the certificate is presented to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in governmental accounting and financial reporting. 3. What are the key issues addressed in the letter of transmittal? The key issues addressed in the letter of transmittal include AUSTIN’S GOVERNMENT, ECONOMY AND OUTLOOK which include * General Information * Local Economy * Long-term Financial Planning * Budgetary Information * Major Initiatives * American Recovery and Reinvestment Act (ARRA) * Financial Policies * Internal Controls * Budgetary Control AWARDS ACKNOWLEDGMENTS 4.
Dick’s Sporting Goods, Inc. 2011 Annual Report Analysis Francisco Tony Reyes DeVry University, Fresno Intermediate Accounting III ACCT312 Sharon Brown August 19, 2012 Table of Contents Introduction……………………………….……………………………………..……………………………………3 Deferred Tax/Deferred Liabilities….............................................................................................................3 Temporary and Permanent Differences………..……………………….…………………………………………4 Income Tax Provisions – Carryforwards/Carrybacks………………...…………………………………………..5 Defined Benefits and Contribution Plan……………………………..…………………...………………………..5 Earnings per Share/Dilutive Securities…………………………………...…………………………….………….6 Share-Based Compensation…………………………………………….………………………...………………..7 Investing and Financing Activities………………………………………….………………………………………8 Non-cash Transactions……………………………………………...….……………………….…………………..8 Conclusion………………………………………………………………….…………………………………………9 Citations……………………………………………………………………………………………………………..10 Introduction Dick Stack, a young man in 1948, was a salesman for a small store in Binghamton, New York when his idea of an all in one sporting store was turndown from his employer. With the help of his grandmother’s loan of $300, Dick opened a small bait and tackle shop. Ten years later, at the urge of customers, the expansion of the product line to include much of what is found in current Dick’s Sporting Goods stores today. Dick’s Sporting Goods, Inc. is part of a highly fragmented market for sporting goods. The distinction from others is their unwavering commitment of being an ultimate destination store for the core athletes and outdoor enthusiasts in every activity for every season.
BEST BUY INC. Company Overview: Best Buy is a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services. Best Buy Company is the largest retail company, originated in United States. Best Buy is the brainchild of the company's founder and chairman, Richard M. Schulze. It was established in 1966 with the name “Sound of Music” and because of some natural disasters it renamed to “Best Buy Company” in 1983. After a tornado hit one of its stores in Roseville, MN, it held a “tornado sale”, and later reopened in 1983 under a new corporate name, “Best Buy.” (Funding Universe).
ACCT 2060 Introductory Accounting Assignment – Semester 1, 2012 Part A Question 1: Describe the company’s principle operating activities | Blackmores Ltd is involved in developing , manufacturing and marketing of health products that includes vitamins, herbal and mineral nutritional supplement (Blackmores annual report 2011 ,ref:Page 1) | Question 2: Directors of a company will often own shares in the company as well. Name the chairman of Blackmore’s board of directors and identify the number of shares the chairman held in the company at the end of their 2011 financial year (financial year ends June 30, 2011). | Marcus C. Blackmore AM. Number ordinary shares: 4,479,278. (Blackmores annual report 2011 ,Ref: Page 5, 36) | Question 3: The annual report contains a number of reports with only some of these being ‘financial reports’.
Northwest Distribution Corporation had three significant events between their December 31, 2011 fiscal year-end, and March 15, 2012, the date that their financial statements were issued. It is important to analyze each event and use your best judgment to determine if it is necessary to disclose this information as a subsequent event disclosure note, as required by the Financial Accounting Standards Board, ASC 855: Subsequent Events, Statement of Financial Accounting Standards No. 165, 2009. Event 1: On January 22, 2012, the company negotiated a major merger with Blandon Industries. The merger will be completed by the middle of 2012.
Part two is their discussions on the companies financial condition along with their financial statements and supplemental data. Followed by two more sections the give exhibits and financial statement schedules, there is also a section for corporate governance. H&M reports are broken down into two publications for each year available on the web site. Part one is in “words and pictures” almost like a magazine with flashy pictures of their merchandise and then a good overview of their business operations, and a brief history of the company. Part two is “H&M in figures”, this portion of the report is also published like a magazine and easy to read.
The Charles H. Kellstadt Graduate School of Business DePaul University FIN 555: Financial Management Winter 2012 Dan Deli Phone: 312.362.6888 Office: 6134 DePaul Center ddeli@depaul.edu Case Study Questions: Midland Energy Resources, Inc: Cost of Capital Janet Mortensen, senior vice president of project finance at Midland Energy Resources, is in the process of preparing her annual cost of capital estimates for Midland and each of its three divisions (oil and gas exploration and production (E&P), refining and marketing (R&M), and petrochemicals). These estimates are used in many analyses within Midland, including capital budgeting decisions, financial accounting, performance appraisals, M&A proposals, and stock repurchase decisions. There has been some disagreement in the past about specific inputs and assumptions used to arrive at the cost of capital estimate, so Mortensen needs to devote extra care in preparing the cost of capital estimates and justifying her assumptions. These questions relate to the Midland Energy Resources, Inc: Cost of Capital case. You can find the data for this case on the course website in a spreadsheet named: Midland Energy Resources Exhibits.xls.