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Glaxo Pakistan

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Glaxo Pakistan
Table of Contents INTRODUCTION As per Jim Collins, *“V*ery few have a capability of going from Good to Great”. Many companies strive to be the best in the market. Most never succeed. Many do so only temporarily and subsequently lose their position through misunderstanding how they got there and what is needed to stay there. http://www.roi-ally.com/BPE_vol1.htm Therefore in order to maintain the business position and to identify its future needs, one requires an accurate analysis of the reality of the business situation and determine its financial health. This is rather complicated yet necessary for keeping one’s financial affairs clean and sustains the organization’s growth. Recognizing the importance of the above subject matter, I choose topic 8 for my research report i.e. “An analysis of the financial situation of your choice of organization.” The company selected for this purpose is *“*GlaxoSmithKline Pakistan Limited*”*, also referred to as “GSK” or “The Company”. REASON FOR CHOOSING THE TOPIC Topic selection is based on a number of factors which derived me towards selecting this topic for my thesis in comparison to other topics specified in research and analysis project guidelines. Following are the few reasons for choosing the said topic: Relevance to the Current profession: While working in the Financial Advisory Services Department of Deloitte Pakistan, I got various opportunities to explore different sectors and industries. This has equipped me with strong interpretational and analytical skills which helped me to work effectively on the said topic. Future Assistance: The pharmaceutical industry provides a lot of financial analysis opportunities because of the complexity of its operation. This complicated structure enabled me to better understand and practically apply theoretical knowledge and be better equipped to undertake financial analysis in my future career. Importance in ACCA: Financial analysis is


References: Printed Material ACCA Study Text (2008/09) Paper F9 Financial Management ACCA Study Text (2008/09) Paper F7 (INT) Financial Reporting. Kaplan Publishing Foulks Lynch ACCA Study Text (2008/09) Paper P2 (INT) Corporate Reporting ACCA Study Text (2008/09) Paper P3 Business Analysis. BPP Learning Media Ltd Annual Report (2006), Glaxo SmithKline Annual Report (2007), Glaxo SmithKline. Annual Report (2008), Glaxo SmithKline Financial Analysis http://www.enotes.com/small-business-encyclopedia/financial-analysis (Visited 05th November 2009) Introduction http://www.roi-ally.com/BPE_vol1.htm (Visited 05th November 2009) Industry http://www.ppma.org.pk/ (Visited 05th November 2009) Investopedia. Vertical Analysis: http://www.investopedia.com/terms/v/vertical_analysis.asp (Visited 05th November 2009) Investopedia Investopedia. Current Ratio: http://www.investopedia.com/terms/c/currentratio.asp (Visited 05th November 2009) Investopedia Investopedia. Accounts Recievable Collection Period: http://www.investopedia.com/terms/a/average_collection_period.asp (Visited 05th November 2009) Investopedia. Accounts Payable Payment Period: http://www.investopedia.com/terms/a/accountspayableturnoverratio.asp (Visited 05th November 2009) Investopedia. Interest Cover: http://www.investopedia.com/terms/i/interestcoverageratio.asp (Visited 05th November 2009) Investopedia. Earning Per Share: http://www.investopedia.com/terms/e/eps.asp (Visited 05th November 2009) Investopedia (Visited 05th November 2009) William Pollard Competitor Websites Novartis Pharma: http://www.novartis.com (Visited 05th November 2009) Sanofi-Aventis: http://www.sanofi-aventis.com.pk (Visited 05th November 2009) Regulators/ Governments Websites Karachi Stock Exchange: http://www.kse.com.pk (Visited 15th November 2009) Pakistan Pharmaceutical Manufacturers Association: http://www.ppma.org.pk (Visited 12th November 2009)
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