Financial analysis Essay Example | Topics and Well Written Essays - 6750 words

Financial analysis - Essay Example In case of any kind of misrepresentation found in the financial statements, they shall be severely liable for not fulfilling their duties and the responsible individual managers are likely to penalize for not being reliable in dealings with the external parties. The parties such as banks and financial institutions that are interested to provide funds to the firm and other individuals interested to invest in the firm or often require third parties to attest the financial statements served by the firm for reliance in the information provided. External audit firms, investment bankers and underwriting firms, provide these certification services. Various clients are served by these third parties and thus they are strongly interested in maintaining their reputation and credibility with the financial community. The report provided by these third parties serves as reasonable assurance in the true and fair disclosure of information in the financial statements. In case of any discrepancy found in the financial information provided by the firm, the reports on the financial statements shall not be clean. Thus adversely affects the credibility of the firm. In case of any frau (d) Legal Penalties In case of any fraudulent or misrepresentation of information found in the financial statements served by the firm, there are heavy penalties for the persons responsible for the fraud which may lead to even insolvency of the firm. Most juridical laws across the globe have severe civil and criminal liabilities for misrepresentation of financial information. Solution (b) Costs Associated with disclosure The various costs associated with the disclosure of financial statements can be classified as under: Collection and Processing costs Litigation Costs Political costs Competitive disadvantages

Stratege management Case Study Example | Topics and Well Written Essays - 500 words

Stratege management - Case Study Example The services have relatively low switching cost since they are of similar quality and price. The ratio of fixed to variable costs over the past five years averages is lower than the industry average of 0.79. The company is not on excess capacity but acceptable capacity (Leibsohn, Moy and Okagaki 2012). Threat of new substitutes is necessitated by customers’ willingness to switch to another similar service offered by a competitor. Competitors, however, face a difficulty in closing in on performance and relative price. Web Reservations International is a globally recognized brand name and does not face a greater threat from substitutes. Customers are willing to pay premium prices for the services offered (Leibsohn, Moy and Okagaki 2012). Customer’s willingness to switch is very low since the company has established good relations with its clients. The company should least take on a defender and prospector strategies because it is not scared of new competitors and scarcely experiments on potential responses to new environmental trends. The company is likely attempting an analyzer strategy in maintaining current businesses and innovativeness (Hoyle 2013). Marketing research encompasses features and benefits of the product, price sensitivity to customers, effectiveness of distribution channels and advertising and promotions initiatives. This is the marketing mix that every company must learn to balance. The services of Web Reservations International Company are essentially hospitality services, thus highly valued and on high demand (Goldberg 2012). The advertisement captures the mind of the contemporary generation Y to a greater extends as compared to oldies in their sixties and seventies. By undertaking a marketing mix, the company is destined to make a full cycle of hotel and reservation success (Creswell 2012). The importance of market segmentation is to capture the array of customers who are sensitive to price and

How the dindustry of great London impact on the environment of UK, Dissertation

How the dindustry of great London impact on the environment of UK, especially the southern England - Dissertation Example The paper tells that the rapid growth of industry during 19th century Great Britain drew increasing attention to the fragile link between environmental health risks and industrialisation. During 19th century Great Britain however, environmental safety was tied to public health rather than environmental safety and policies therefore focused on reducing pollutants that posed a risk to public safety. By the 20th century the shift toward emphasizing environmental values became more pronounced and was manifested by policies and practices aimed at managing industrial pollution. The focus on environmental values has culminated in a global society conscious of the need for sustainable development in industries with a view to reaping economic benefits today, but preserving the environment for future generations. The risk of environmental damages emanating from industrial accidents has also given way to policies relative to emergency response and clean-up practices and policies. London, like t he remainder of the UK is subject to a command and control regime promoted by the European Community (EC) Council Directive 2008 for Integrated Pollution Prevention and Control (IPPC). Research findings indicate that despite the adoption of the command and control policies implicit in Council Directive 2008, the UK continues to suffer from a fragmented and inflexibly applied. However, there has been a growing awareness that some degree of self-regulation is necessary. (West, 2010). It will therefore be argued that officials and firm managers are well aware of the impact of industry on the environment, but are continuing to explore more efficient methods for minimizing the potential for and actual environmental damages. This research study demonstrates the strengths and weaknesses of the current command and control policies and practices relative to the impact of Great London industry on the UK’s environment by exploring three areas of the literature. The first area sets out t he historical background and nature of environmental policies and practices in the UK. The second part analyses the current state of the law, policies of environmental protection as it relates to UK industries. The third area of analysis is the actual impact of Great London industry on the UK’s environment and how practices and policies are informed by history and contemporary environmental laws, practices and policies. Table of Contents Abstract 2 Table of Contents 3 Chapter One 4 Introduction 4 Aims and Objectives 6 Research Questions 7 Research Methodology 8 Organization of the Study 8 Chapter Two 10 A Review of the Literature 10 Introduction 10 Industrialization and Environmental Risks 10 Conclusion 17 Chapter Three 18 Industrialization and Pollution in London 18 The Industrial Revolution and London’s Environment 18 Contemporary London’s Industry and the Environment 25 Conclusion 31 Chapter Four 33 The Impact of Industrial Activity in Greater London on the E nvironment in the UK and Especially South East England 33 Conclusion 37 Bibliography 38 Chapter One Introduction Law and policy makers at the international and national levels are continuously seeking ways to reconcile two conflicting objectives: economic growth and development and protection against environmental damages (Cameron & Abouchar, 1991). Despite efforts aimed at protecting the environment and at the same time, encouraging economic growth and development, concerns persists over the efficacy of balancing these two

Project Management Essay Example | Topics and Well Written Essays - 2000 words - 7

Project Management - Essay Example However, one has to consider that this figure would be changed by U.S. figures after product launch, if that is still on the agenda. Since we have no cost figures, this question really cannot be answered in concrete terms with any semblance of accuracy. However, certain less tangible benefits are certainly present. The company has a great deal to learn from closely examining the whole process of development of this project. I would certainly recommend that a thorough post-mortem be done using a group created for that purpose composed of a team of experts in all phases of pharmaceutical project development, and that post-mortem be used to examine the current cancer drug development process for parallel problems before releasing that drug, even though there would be definite differences concerning the fault tolerance, since the purpose of this drug is to cure disease, a considerably higher level of need than mere pain relief. One should remember that while the end may justify the means, the opposite is also true. When the end does not carry a high level of justification, perhaps the means would be more carefully sc rutinized. The desired end in both projects, and all others in the industry is when all is said and done, profit. In order for any pharmaceutical to be profitable, the revenue must outweigh the cost of development and there is no evidence that this is yet so for Painfree. The Painfree Project suffered from several major problems caused by not following the best practices in project management. 1The best practices for project management require that careful planning be done and documented from the beginning, and one person should be responsible for overseeing and managing communications and documentation. The aims and scope of the project should be clearly outlined and all phases must be monitored by some individual or group responsible to corporate and not

Free Secondary Education in Kenya Case Study Example | Topics and Well Written Essays - 3000 words

Free Secondary Education in Kenya - Case Study Example ade schooling unaffordable, and pushed many children out of school and into work. According to Damiano (2004) the current issues of transition are of great concern and it is possible to see that the large numbers of children are unable to proceed with.Obande (2007)) also states that "Just over half a million candidates sat the Kenya Certificate of Primary Examinations (KCPE) at the end of 2003, yet only 46 per cent had the chance to proceed to secondary schools.Although the number of candidates enrolling for primary level examinations has steadily risen, the number of secondary schools has remained the same. Unless this issue is addressed, Kenya will be dealing with an explosion at the end of 2010, when the children who enrolled in 2003, with the abolition of school fees, will be taking their primary level examinations." Damiano (2004) states that the introduction of free primary education in 1974 indeed helped by increase in enrolment in primary schools by 40 percent. But with the advent of the cost sharing policy in education in the mid-1980s the parents had to spend more money on secondary items like textbooks, stationery, development fund, activity fees, and this led to discouraging of the enrolment in primary and subsequently secondary education. school and another reason for the eighties decline might have been the over all un affordability of education and this meant that despite golden promises by the post colonial government the primary education was not really free(Damiano 2004). However things were improving by the new millennium and in December 2002 primary and secondary education was wholly freed and this has resulted in a big enrolment increase of about 1,500,000 additional students.(Damiano 2004).The main problem which still haunts the free educational initiative is the lack of money,gender bias and poor economic conditions as described by Damiano (2004) citing , Uusitalo (1999) and Levin and Plug (1999) who have blamed the family background variables as instruments hindering free secondary education and according to Angrist and Krueger (1991) and Harmon and Walker (1995) as cited by Damiano (2004) demographic statistics are also responsible for these problems. Moses W (2006) offers a more historical perspective as he states that the post colonial independence and the end of racism in the segregated school system which suppressed the Kenyan natives ,the new democratic government has had a hard time catching uo with the challenges of the , shortage of skilled labour and rampant poverty and consequently the Government devoted a large

Reflective Journal Assignment Example | Topics and Well Written Essays - 1250 words - 1

Reflective Journal - Assignment Example I can contribute to sustainable development by changing my lifestyle in meaningful ways. I can monitor my use of water so that I do not waste it or use it unnecessarily. I can also dispose of recyclable material properly and dispose of all waste appropriately. I can reduce my use of energy and fossil fuels with a view to reducing carbon emissions. When possible, I can also donate to charities for feeding the poor to reduce their reliance on the exploitation on marine life and other natural food sources. Lecture 2: The three main points were: Sustainable development became a state obligation via the Rio Declaration of 1992; states’ obligation are contradicted by various UN Resolutions grants states sovereignty over their natural resources; and that climate changes now requires public participation via the UN Framework Convention on Climate Change 1992. Tutorial 2: I contributed to answering the various questions raised in Tutorial 2. These questions related to the role of the UN in international environmental law, identifying the principles of environmental protection contained in the Rio Declaration of 1992, and various questions relative to the definition and legal nature of treaties and conventions. I observed that there was a significant problem in the context of international environmental law. The various instruments were only binding on states and do not make provision for non-state actors. It can therefore be assumed that non-state actors’ effect on the environment are covered by national law. Alternatively, as a non-state actor, I can choose to take the initiative to responsibly use only environmentally friendly goods and ensure that my choices and behaviour do not contribute to a depletion of natural resources. Lecture 3: Three main points are: As the earth’s resources are decreasing the world population is increasing; in the meantime, the world is experiencing climate change and carbon emissions from fossil fuels is the

2011 Occupy Wall Street Movement Research Paper

2011 Occupy Wall Street Movement - Research Paper Example It raised questions about the humanity of the people at the helm of affairs and also questioned the political will of the nation’s system of governance whereby the sincerity of the nation’s political establishment in creating a certain amount of parity within the population is rendered suspect. There are other aspects of this movement and the government’s response that need to be looked into. Apart from not offering any tax sops to the common man and talks of doing away with tax-cuts that were offered during the Bush-era, the government had fuelled the anger of the common man. The brutalities that were carried out upon the protestors by the police came out in the open only due to the work of independent cameramen who were not associated with any news agency. The incidents that occurred during the movement thus bring to light the role of the media as well in the success or failure of such movements. The movement is described by itself as being the result of a series of movements that supports democracy. These, the movement claims, includes the uprisings in Tunisia and Egypt where the common man protested against the marginalization of a majority of the population for the purpose of the welfare of the minority that constituted the ruling elite (Occupy Wall Street : The Revolution Continues Worldwide, n.d.). Having this as a moral backing definitely provides a cushion for the movement in terms of the support that it would be able to gather at an international level. There is thus an element of diplomatic support that the supporters of the movement expected to get through their efforts for an equitable society in which everybody would be provided with equal opportunities. In the absence of this, people would live lives whereby their work would be used for the benefit of others and not themselves. Apart from the moral degeneracy of this position, there is also the fact of its unsus tainability from an economic point of view that needs to be looked