Financial Reporting

Topics: Financial statements, Income statement, Regulation Pages: 15 (4348 words) Published: February 14, 2013
The Regulation of Financial Reporting

Contents
Part 1 Financial Statement Analysis of JD Wetherspoon plc
Executive summary.............................................................................4 1.1 Company profile................................................................................4 1.2 History and development...................................................................4 Introduction........................................................................................5 Operating return on equity..................................................................5 Cash flow statement...........................................................................7 Investor ratios.....................................................................................8 Conclusion..........................................................................................9

Part 2 Argument for and against regulation of financial reporting Introduction.........................................................................................11 1.1 Financial reporting.............................................................................11 1.2 Definition of regulation......................................................................11 1.3 Theories of regulation........................................................................12 1.3.1 Public interest theories....................................................................12 1.3.2 Capture theory.................................................................................12 1.3.3 Economic interest group theory.......................................................13 1.4 Outline of report.................................................................................13 Argument for regulation of financial reporting ..................................13 2.1 Reasons for regulation........................................................................13 2.2 Financial crisis and regulation...........................................................15 Argument against regulation of financial reporting ..........................15 3.1 Reasons for deregulation...................................................................15 3.2 Weakness of Market Intermediaries regulation ................................17 Conclusion..........................................................................................17

Bibliography ...........................................................................................18 Appendices...............................................................................................22

Part 1 Analysis of Financial Statement for JD Wetherspoon plc Executive Summary
1.1 Company profile
JD Wetherspoon plc is pub chain based in the UK Which was founded in 1979 by Tim Martin, who established the first Wetherspoon pub.The company's aim to provides customers with high quality food and drinks at reasonable price, enjoyed the good service by well-trained attendant in a friendly and fun environment. Furthermore, apart from running pub chain, the firm also owns and operates the Lloyds No. 1 chain and Wetherspoon Hotels.

1.2 History and development
With the rapid development and expansion, company have invested plenty of money in new pubs across the country in past few years. As so far, the chain owns 833 pubs in the United Kingdom. However, in the twenty-first century, JD Wetherspoon was facing some problems due to the competition from the development of other pub chain companies and change in people's drinking habits. These factors lead to a decrease in sales and profit, the number of new pubs is also less than the previous years.

JD Wetherspoon made some change in business strategics to improve the sales and profits. The company acquired Lloyds pub chains which is different from the JD Wetherspoon pub and...
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