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Obu Bsc Thesis
RESEARCH AND ANALYSIS PROJECT FOR BSC (HONS) IN APPLIED ACCOUNTING

Business & Financial Performance of Pakistan State Oil
The business & Financial Performance of Pakistan State Oil over a Three Year Period

Prepared By Mustafa Chohan Mentoring By Faheem Ahmed

This project is prepared in accordance with guidelines of `Oxford Brookes University‟ for BSC (Hons)

Business & Financial Performance of Pakistan State Oil

Table of Contents
Topic Selection About Pakistan State Oil Products Overview of the Oil & Marketing Industry Research Objectives Framework of RAP Information Gathering Limitations of Collecting Information Ethical Issues While Collecting Information Techniques Ratio Analysis Revenue Trend Analysis Profitability Ratios Leverage Activity Ratios Dividend Ratios SWOT Analysis Conclusions Future Prospects Appendix Skills & Learning Statement noataPseserP yepaerooebiB 2 2 3 3 5 5 6 7 8 8 10 10 12 14 17 20 21 24 25 26 30 53 35

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Business & Financial Performance of Pakistan State Oil

Topic Selection
I have selected Topic 8, “The Financial & Business analysis of Pakistan State Oil Limited (PSO)” as a subject for my Research & Analysis Project (RAP). Analyzing Business and Financial Position of any organization is one of the core skills for any accountant. I have selected this topic to experience my studies with a real organization. Analysis of financial statements and business environment in an exam question is very different from the practical situations where hundreds of variables affect business. This project will not only develop my skills in interpreting financial statements but also give me opportunity to understand corporate culture and economic environment.

About Pakistan State Oil
(Ref: http://www.psopk.com/about_us)

Pakistan State Oil is the largest oil marketing company in Pakistan, and is currently engaged in storage, distribution and marketing of various Petroleum, Oil & Lubricant products (POL). PSO is the


References: (Ref: Student Accountant December 2009) Revenue Trend Analysis (Ref: PSO Annual Report 2007) e g a P | 11
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