Unit 5: Business Accounting Amy Doherty P5‚ M2‚ D2 1.0 Introduction In this report I am going to be analysing the profitability‚ efficiency and liquidity of SIGNature Ltd. As shown by their accounts for the year ended 31 January 2010. Ratio Analysis is a form of Financial Statement Analysis that is used to obtain a quick indication of a firm’s financial performance in several key areas. Ratio analysis is good because it helps to compare current performance with previous records
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and promises to accept less) and by contrast estoppels does not apply to promises about the formation of initial contracts Ex. If a creditor promises to accept a smaller sum in full settlement intending the debtor to rely on that promise‚ and the debtor does rely on it‚ the debtor may have a defence of promissory estoppels when sued for the balance by the creditor. The promise will in this way‚ be enforced despite the absence of consideration to support it Promissory estoppel is an equitable doctrine
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remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’. Business also needs funds for short-term purposes to finance current operations. Investment in short term assets like cash‚ inventories‚ debtors etc.‚ is called ‘Short-term Funds’ or ‘Working Capital’. The ‘Working Capital’ can be categorized‚ as funds needed for carrying out day-to-day operations of the business smoothly. The management of the working capital is equally important as the
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CONFIDENTIAL BM/APR 2003/ACC100/ 107/111/114/115 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE FINANCIAL ACCOUNTING COURSE CODE ACC100/107/111/114/115 DATE 25 APRIL 2003 TIME 3 HOURS (2.45 p.m - 5.45 p.m) FACULTY Business and Management / Administration and Law Office Management and Technology Information Technology and Science Computer SEMESTER December 2002 - May 2003 PROGRAMME/CODE Diploma in Business Studies/BM111 Diploma in Banking /
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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sells as it is introduced‚ that is why its FGCP is as low as 1.39 days. But Bajaj is also continuously improving it distribution network and its brand image so as to keep it FGCP low. Debtor’s Conversion Period (DCP): The analysis of “Debtors Conversion period†shows though it is almost linear through the last 6 years‚ there is an upward trend for the last two years. Among the major competitors‚ Hero Honda and TVS shows a slightly better performance in this parameter. The recent
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Definition of Law a. Law is defined as a set of rules and principles by which a community regulates its activities. b. Law is different and yet similar because it can be applied differently across various borders. c. Unlike law‚ internal rules and regulations of clubs‚ societies and other organizations may only be enforced within the group that governs them. d. Law is therefore concerned with the legal rights and obligations of individuals‚ business organizations‚ various entities
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inggLecturer’s Guide Accounting for Non-accounting Students Sixth edition J R Dyson ISBN 0 273 68301 2 © Pearson Education Limited 2004 Lecturers adopting the main text are permitted to download the manual as required. Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies around the world Visit us on the World Wide Web at: www.pearsoned.co.uk First published in Great Britain under the Pitman Publishing imprint in 1997 Second edition published
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representing financial value. Securities can be traded within markets such as primary and secondary markets. * * * Stock - Represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business because it
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management is one of the most important aspects of the organization‚ as it deals with the management of the outstanding. The profit of the company mainly depends on the accounts receivables. Therefore it needs a careful analysis and proper management. Debtors occupy an important position in the structure of current assets of a firm. They are the outcome of rapid growth of trade credit granted by the firms to their customers. Trade credit is the most prominent force of modern business. It is considered
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