Accounting Concepts and Practices Maximize the Returns

Question: Describe about the Accounting Concepts and Practices for Maximize the Returns. Answer: Introduction The main aim of this report is to provide a fruitful advice to the client, who wants to invest in Woolworths Ltd with the purpose to maximize the returns. This report discusses the company's core business including description about its operating activities. In addition, it also discusses the progress of the company against its strategic priorities. It also identifies and discusses any significant issue emerging from the reports by Chairman, managing director, and the corporate social responsibility report. It also presents the financial performance of the company on the basis of calculation and interpretation of key financial ratios. It also evaluates the creation or reduction of the company's value in terms of "six capitals" over time. In last, it provides recommendations on investing in Woolworths Ltd. Core Business and Operating Activities In Australia, Woolworth Ltd is a public company and ranked number 2 out of the 2000 top companies (IBIS WOrld, 2016). The major part of its income comes from the Supermarkets and Grocery Stores in Australia industry. The core business of the company is related to the retailing of food, liquor, and petrol. In addition, it also operates as a retailer of home improvement and general merchandise (Annual Report, 2015). It also operates in the gaming and hospitality sector. The main operating activities of Woolworth is as below: Supermarkets and Petrol: 'Approx 992 supermarkets are operated by Woolworth, 5 Thomas Dux grocery stores, 184 Countdown grocery stores (in New Zealand), and 530 petrol stations' (IBIS WOrld, 2016). Endeavour Drinks Group: The company also operates its liquor businesses both online and offline. It sells liquor online and in-store through its businesses including 'Dan Murphys, BWS, Cellarmasters, Langtons and winemarket.com.au.' (Annual Report, 2015). BIG W: About 186 Big W discount department stores are also operated by the company in Australia. The main operating activities in these stores include 'selling of hardware, software, health beauty products, books and stationery, homewares, toys, sports equipment, clothing, recorded media, automotive goods and pet food' (IBIS WOrld, 2016). Masters Home Improvement: Under this brand, which was launched in the year 2011, the company retails more than 35,000 products. The company also operates this brand online (Annual Report, 2015). Hotels: Woolworth also operates 331 licensed venues and gaming operations throughout Australia through its majority-held subsidiary, Australian Leisure Hospitality Group (IBIS WOrld, 2016). Financial Services: The company's operations also include the management of financial services through its division Woolworths Money (IBIS WOrld, 2016). Woolworths Rewards: The management of rewards point system also comes under the operating activities of the company. Ezibuy: The firm's operating under the apparel and homeware catalogue market includesEzibuy, which sells many products to customers through catalogues, a call centre, retail outlets and online order (IBIS WOrld, 2016). Analysis of Woolworth's Progress in contrast to Strategic Priorities It is identified from the current growth plan of the company that there are four key strategic priorities for Woolworth. These include 'extend leadership in food and liquor, maximize shareholder value by acting on its portfolio, preserve the record of establishing new growth businesses, and invest in the enablers for a new growth era (Woolworth Limited, 2012). The company significantly progressed against all its strategic priorities. For instance, to extend leading position in the food and liquor business, the company considerably progressed. For example, in the contest of food group, the company inserted the customers as an integral part of the core of all decisions, invest more than $200 million in price to show price parity with Coles, enhance service hours to ensure fresh and on-shelf availability, and established a new leadership team (Annual Report, 2015). In addition, Woolworth is the Australia's first retailer to sign the 'Australian Food Grocery Industry Code of Conduct', w hich make sure about the certainty for food and grocery suppliers and greater transparency. It shows that in the year 2015, the company improved its leading position in the food market. Moreover, in relation to the Liquor Group, to strengthen the leadership, the company successfully launched a new loyalty program in year 2014, which is beneficial to effectively engage customers. Additionally, the company also built 'danmurphys.com.au' as a prime online liquor destination in Australia (Annual Report, 2015). At the same time, Woolworth's efforts to maintain an effective remuneration policy that is aligned with its business strategy and also match with its business values and culture, significantly contributed to enhance shareholder value. In addition, the company also strengthen its current portfolio by increasing investment that also ensures growth in total shareholder value (Annual Report, 2015). Woolworth also opened 14 new petrol sites, extended its offer by rolling out Bulk Food and raised the number of online products. All these support the company to maintain its record to develop new growth businesses. Additionally, in the year 2015, the company significantly invests to develop HR capabilities. The company also made significant changes in the senior management team with the focus to develop people, who can lead the business to new growth era (Annual Report, 2015). It shows that the company progressed effectively to ensure the attainment of its strategic priorities. Issues Emerging from the Chairmans Report It can be discussed based on the report of the chairman that several issues are emerging that can adversely impact on the company's position in the Australian market. The chairman said that the fiscal year 2015 was a challenging one for Woolworth. It is because during this year, the company made a number of substantial changes to the senior management team with the purpose to enhance customer satisfaction and deliver long-term shareholder value (Annual Report, 2015). It creates the issue for the company to successfully involve new senior managers in the business and increase coordination and cooperation within the team. In addition, it can also be discussed that the changes at Woolworth also create new retail challenges for the company in terms of ensuring the effectiveness of its strategy to meet challenges and speeding the lean retail model to compete in the new environment. The report also reflects that the group sales were decrease by 0.2% in the year 2015 over year 2014. The main reason behind this was lower fuel sales. It shows the issue of improving fuel sales as petrol is a core business of the company. Additionally, it can also be discussed that it is also an issue for the company to proven its current business and marketing strategies to increase sales revenue in highly dynamic and competitive retail business environment (Annual Report, 2015). Identified Issues from the Managing Director's Report From the report by the managing director, it is found that in year 2015, the company faced a issue to deliver growth as profits do not significantly improved over the previous year. It is also assessed that dramatic changes in the market environment such as emergence of stronger competition and changes in the shopping behaviour of the customers also creates several issues related to enhance sales revenue, firm's profitability position, and ensure the success of current retail model (Annual Report, 2015). It also creates the issue for the company to continuously improve the customer experience as well as increase net profit. There is also need for the company to provide strong sustainable returns to the stakeholders at the same time increasing customer satisfaction rate. The other issues for the company are identified as recover its leading position in the Australian supermarket, improve market share in the liquor business, get better the business profitability, and maintain disciplin ed portfolio management (Annual Report, 2015). It is also identified from the report that the current managing director is retiring from the company. Thus, it also creates the issue to appoint a new talented and experienced managing director, who will work in the company's best interest. Moreover, there are also other issues for the company to improve sales of different divisions, mainly petrol business, increase overall profitability for Woolworth and maintain its leading position in the industry (Annual Report, 2015). Issues from the CSR Report Woolworth Limited launched a sustainability strategy eight years ago that support it in maintaining a leading position in the retail industry and among peers. It is also found that the company successfully attained most of the CSR targets in the year 2015. The main issue that is emerging from the CSR report is related to failure of the company to attain zero food waste to landfill (Corporate Social Responsibility Report, 2015). In addition, there is also need for the company to keep a focus on the continuous improvement to enhance the effectiveness of its CSR efforts. But, at the same time, it is also evaluated that Woolworth ensures compliance with the principles related to human rights, environment, labour, and anti-corruption. Key Financial Ratios For 2015 The below table summarizes the calculation of main financial ratios for the year 2015: Ratios Calculation for Woolworth Ltd amount in $ million 2015 Liquidity Ratios: Current Ratio Formula = Current assets/Current Liabilities Current assets 7,660.90 Current liabilities 9,168.60 Current Ratio 0.84 2012 Profitability Ratios: Gross Profit ratio Formula = (Gross profit/ Net sales)*100 Gross profit 16523.60 Net Sales 60868.40 Gross profit margin Ratio 27.15 Net profit margin Formula = (Net profit/ Net sales)*100 Net profit 2137.40 Net profit margin Ratio 3.51 Return on Total Assets Formula = (Net profit/Total Assets)*100 Total Assets 25336.80 Return on Total Assets Ratio 8.44 Return on Equity Formula = (Net income/Shareholders' Equity)*100 Shareholders' Equity 11132.00 Return on Equity Ratio 19.20 2012 Efficiency Ratios Debtors Turnover Formula =Net Sales/total receivables Net Sales 60868.40 Total Debtors 885.20 Debtors Turnover Ratio 68.76 Inventory Turnover Ratio Formula = COGS/Inventory COGS 44344.80 Inventory 4872.20 Inventory Turnover Ratio 9.10 Total assets turnover Formula = Net sales/total assets Net Sales 60868.40 Total assets 25336.80 Total assets turnover Ratio 2.40 Solvency Ratio Debt-Equity ratio Formula = Long-term liabilities/shareholders funds Long-term Liabilities 5,036.20 Shareholders' Funds 11132.00 Debt-Equity ratio 0.45 Evaluation Of The Companys Value Creation IIRC defined Six capitals such as financial, manufactured, intellectual, human, social and relationship, and natural, which are used for evaluating the value creation or diminution by the company (Haslam and Sikka, 2016). Financial: In the above section, key financial ratios are calculated to evaluate the financial performance of the company. It is analyzed from the current ratio that short-term liquidity position of the company is not good because there is lack of current assets to meet effectively all short-term obligations (Vemic, 2010). Concurrently, it is analyzed from the profitability ratios that the profitability position of the company is good as there is positive gross profit, net profit, and return on assets and equity ratios. However, it can also be discussed that as the net profit ratio is low (3.51%), there is need to strengthen the current profitability position to retain investors' trust. Additionally, from the efficiency ratios, it is evaluated that the management at Woolworths is efficient to effectively manage receivables, inventories and assets, as these ratios are high for the company (Fabozzi Drake, 2009). At the same time, it is assessed from the interpretation of debt-equity ratio that long-term solvency position of the company is good. It is because the company has fewer long-term debts, which develop its capability to get more funds from the market (Tracy, 2011). Overall, it can be stated that the financial position of the company is good in the year 2015. But, concurrently, it needs to strengthen its short-term solvency and liquidity position to maintain its leading position in the industry. Manufacturing: The company highly invests in buildings, equipments, and infrastructure to ensure the uninterrupted production of goods and services as per customers' expectations (Integrated Reporting, 2013). Intellectual: Woolworth has developed a strong reputation in Australian Market as it is placed number 2 among the top 2000 companies (Woolworths Limited, 2012). It is also evaluated that some of Australia'smost recognisedtrustedbrands are managed by Woolworth. These include 'Countdown, Thomas Dux, Woolworths Petrol, Endeavour Drinks Group, Big W, Masters' Home Improvement, ALH Group (hotels), Woolworths' Money, and EziBuy' (Woolworths Limited, 2012). In addition, it is found that the company developed a new merchandising system with the purpose to get better insights into trading and inventory management as the business perspective is changing towards soft goods (Annual Report, 2015). Human: Woolworth significantly invests in strengthening the organizational human capital. It is assessed that worldwide the company is known for its strong, hard working, down to earth, ethical values, and a responsible culture (Woolworths Limited, 2012). The company employs approx 190,000 plus employees with different experiences, skills, competencies, and capabilities. The employees are highly committed to create great customers' experience as well as ensure firm's long-term business survival (Annual Report, 2015). It is found that the company develops effective people policy, considers ethical values, and provide performance based rewards. All these are beneficial to increase employee motivation, retain them for long-period, and enhance their ability to effectively collaborate and lead the business successfully (Adams, 2015). Social and Relationship: The company strives to be fair, reliable, open, and transparent in everything what it do. It also develops fair and close relationship with customers, business partners, and suppliers (Woolworths Limited, 2012). It is found from the company website that it values its supplier by valuing and working collaboratively with them. In addition, it also considers customers at the core of its business and decision-making, and also respect the communities its serve. Natural The company uses different natural capitals including water, land, and biotic and abiotic assets to ensure the success of its business. In addition, it is also assessed that Woolworth developed a sustainability strategy that improve efficiency of its operations, reduce waste, and save water and other resources (Corporate Responsibility Report, 2015). Thus, it shows that the group work effectively to ensure optimum utilization of natural capital for now and in the future. Overall, it can be stated that all the six capitals create value for the company. Recommendations Based on the above analysis of Woolworth Limited, it can be recommended to the client that it should invest in the company. It is because as the group significantly invests in all the six capitals resulting in the creation of value for Woolworth, it would be beneficial to attain considerable returns from the investment. In addition, it is also found that despite the lower profits in the year 2015, the company provided significant returns to the shareholders. It shows that the company believes to maintain shareholders' trust in the business. At the same time, as Woolworth is Australia's number 2 business with following effective workplace health and safety standards as well as maintain ethical relationship with suppliers, all these show that the investment in this company would be beneficial for the client. Conclusion From the above discussion, it can be stated that a company can effectively perform in terms of both financial and non-financial by investing in different capitals including intellectual, human resource, manufactured, natural, social and relationship, and financial. It can also be stated that the investment in Woolworth would be beneficial for the client as the company has potential to create more value and returns for different stakeholders. References Adams, C. (2015). Understanding Integrated Reporting: The Concise Guide to Integrated Thinking and the Future of Corporate Reporting. Do Sustainability. Annual Report (2015). Retrieved from https://www.woolworthslimited.com.au/icms_docs/182381_Annual_Report_2015.pdf Corporate Responsibility Report (2015). Retrieved from https://woolworthslimited2015.csr report.com.au/files/Woolworths_CSR_2015.pdf Fabozzi, F.J. Drake, P.P. (2009). Finance: Capital Markets, Financial Management, and Investment Management. USA: John Wiley Sons. Haslam, J. and Sikka, P. (2016). Pioneers of Critical Accounting: A Celebration of the Life of Tony Lowe. Germany: Springer. IBIS World (2016). Woolworths Ltd - Premium Company Report Australia, 2015. Retrieved from https://www.ibisworld.com.au/car/default.aspx?entid=7 Integrating Reporting (2013). Capitals. Retrieved from https://integratedreporting.org/wp-content/uploads/2013/03/IR-Background-Paper-Capitals.pdf Tracy, J.A. (2011). Accounting For Dummies. USA: John Wiley Sons. Vemic, M.B. (2010). Elaboration of Key Aspects of Financial Planning In Entrepreneurial Endeavours. Economics and Organization, 7(4), pp. 411 421. Woolworth Limited (2015). How we do business. Retrieved from https://www.woolworthslimited.com.au/page/Who_We_Are/How_We_Do_Business/ Woolworth Limited (2015). Our Brands. Retrieved from https://www.woolworthslimited.com.au/page/Who_We_Are/Our_Brands/ Woolworth Limited (2015). Strategy and Objective. Retrieved from https://www.woolworthslimited.com.au/page/Who_We_Are/Strategy_and_Objectives/

Natural Disasters Sample Research Paper Essay Example

Natural Disasters Sample Research Paper Paper Natural disasters are caused by something happening in nature, like a change n the weather. Sometimes we have warning of a natural disaster and other times they happen without notice. Earthquakes, tornadoes, floods, tsunamis, volcanoes, wildfires and winter storms are all examples of natural disasters. Learning about natural disasters can help us be prepared when they happen, and being prepared for natural disasters allows us to help ourselves and others during and after these challenging events! I made a timeline of the natural disasters I have researched in the next pages; Stronger Typhoons? * Effect of global warming on typhoon strength is currently the subject of intense scientific debate -Other ETC requirements: uniform winds along vertical, enough moisture throughout the troposphere -Not clear how global warming will change these * Skeptics: Observed rise in ETC strength due to (I) better observations, or (ii) natural variation * What is certain: Philippine populations are much more vulnerable to typhoons than before. We will write a custom essay sample on Natural Disasters Sample Research Paper specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Natural Disasters Sample Research Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Natural Disasters Sample Research Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Table Tennis free essay sample

Tennis sport got its start near the end of the 19th century in England. After dinner one night, some Victorians decided to turn their dinning room table into a miniature version of lawn tennis. They lines up books as a net, used lids from empty cigar boxes as rackets, and the ball was made from string (table tennis balls were also made from champagne corks or rubber). Started as an after dinner activity, over the years, table tennis would turn into a sport. The sport started out with many different names. Some called it â€Å"whif whaf† other called it â€Å" flim flam† other called it â€Å"gossamer†. The words chosen for the name were derived from the sounds that were made during the game. In 1901 it was registered by J. Jaques amp; Sons ltd as the sport called â€Å"ping pong†. It was later so to the Parker Brothers in the U. S. In 1920 the sport was revived, players supplemented celluloid balls as Ping Pong balls because they were a better fit for the game. The sport also adopted rubber on wooden paddles as rackets and a lower net to speed up the play of the game. Ping Pong changed into a more modern sport, one easier for everyone to play. The sport grew reaching out to the Asian countries; China, Korea, and Japan. From there the first world championship was held in London in 1927. Just before the event The ITTTF (international table tennis federation) was formed by a variety of European and Asian countries. In the 1960’s the French, Hungarians, and Swedish, professionally, ruled the sport. However, the Japanese and Chinese would soon rule the game. It started in 1952 a Japanese player named Horoi Satoh proposed the idea of a foam rubber paddle, which upped the speed of Ping Pong even more. The Japanese started putting spin on the ball, making it a game that required more skill to play. The spin technique introduced by the Japanese put mostly Japanese players at an advantage, thus the Japanese rule began. Afterwards the Chinese climbed to the top and ruled the sport up until the 1990’s, after the Swedish and Koreans in the 1988 Olympic games ended their domination. In the Cold war, China allowed nine American players into China to partake in the sport. These nine Americans were the first in China since the start of the Cold war. This was a sign that the Cold war was improving; it helped international relations with China. This brought two countries that were at odds together.

Ballad Of A Soldier Essay Example

Ballad Of A Soldier Essay Example Ballad Of A Soldier Essay Ballad Of A Soldier Essay Grigory Nuamovich made the movie Ballad Of A Soldier (1959) very intriguing, suspenseful and informative of the Soviet Union between the year 1939-1945, because of the various filming techniques that he utilized. For example, he perfected the most difficult shot in film making; the long shot. In addition, the various themes and sound effects made the movie were very fascinating. Mr. Nuamovich also made the characters more real by utilizing the reaction shot, medium shot and close up shot. Furthermore, the lighting by cinematographer really worked for this movie.Similar to most Russian Cinema, Grigory Nuamovich clearly displayed the beauty of the land by utilizing the long shot. For example when Alyosha Skvorstov rides on the train and reminisces of Shura, there is a long shot of the woods. In addition, the village shots, where Alyosha is driving around looking for his mother, clearly depicts the life style of a Russian farmer in a small village, that is secluded from everything else and can only be reached by one dirt road. The scene where the tank is chasing Alyosha on the open land is also the long shot working at its best. The extreme long shots of the tanks really gave the audience a feel of open land combat and it kept the viewer on the edge of the seat due to the suspense. In addition, the aerial shot also really worked in the tank chasing Alyosha scene.The various themes and sound effects really worked in this movie. The music during the tank scene kept the audience in high suspense. In addition, the scene where the lieutenant allows Alsyosha vacation time and random gunshots rang out shows the audience that although, the soldiers are inside and seem safe, there is no safety on the battle field. Furthermore, the various themes through out the movie kept the movie flowing very well.Mr. Nuamovich made the characters more dramatic and believable with the use of reaction shots. For example, Vergenty Urtanskiy (the one leg soldier), reaction shots showed how miserable he truly was when everyone was laughing and he was not. Furthermore, the reaction shot of the girl at the ticket counter scene, when the one leg soldier said that he does not want to go home. Her reaction shot really made his decision look foolish to the audience. Also when the one leg soldier was walking away and thought that his wife didnt show up and she screamed his name, the scene was intensified with the reaction shot of the one leg soldier. Another reaction shot that really intensified a scene is when Alyosha is telling the Shura that; Alyosha thought that Shura was the lieutenant when she first walked into the train cart. Furthermore, the reaction shot of the Ukranian girl hoping that what she heard was lightning on the train and not a bomb also strengthened the scene. The audience was shown again that during wars nothing is safe. In addition, Alyoshas reaction when he finds out that another train wont come for another two hours, also worked very well, because it r eminded the audience that his time is limited.The medium shot also worked very well for this movie the various scenes of Alyosha and Shura on the train really made this movie a love story. In addition when the one leg soldier was holding his wife in his arms the two shot made the audience feel the love.The various framing techniques that Grigory Nuamovich utilized made this movie work. For example, the train scene where Alyosha and the one leg soldier are riding with their comrades, they were tightly framed directly in the middle of the scene, because the scene was about them. In addition, the scene where Shura first came into the cart and began running around and screaming, because she was petrified by Alyosha. Alyosha was framed slightly in the middle of the screen and Shura was framed at the edge of the screen to show that she is on the edge of her fear of Alyosha.The cinematographer also did a wonderful job in using lights and darks inside the train cart. For example, in the sce ne where Shura fell asleep, the cart was dark; however her face had a spotlight. In addition, the whole time that Alyosha and Shura are in the train wagon its dark, however most of the time they have a spotlight on their face. Another example, of the cinematographers excellent work is when Shura is chasing the train that Alyosha is on and he is trying to give her his address.I really enjoyed Ballad Of A Soldier because not only is it thrilling and intriguing, because of the various filming techniques that Grigory Nuamovich used, but it also shows the beauty of the land and the mindset of the Russian people during that time period. Everyone worried about their kids and loved ones on the battle field. In addition, the train scene in which Alyosha was riding with his comrades shows Russian hummer at its best. (Hard to explain) Furthermore, the scene in which the fat soldier that lets Alyosha on the train really shows how soldiers abuse their authority during the war.

Software as a Service (SAAS) as It Pertains to Enterprise Architecture Essay

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English Language Essay Example | Topics and Well Written Essays - 1500 words

English Language - Essay Example In context of the communicative approach to language learning, I would like to start touching upon the models proposed by Krashen as far as motivation and effectiveness of technology in teaching goes. This will lay the structure for us to consider the nuances of shared reading in the linguistic context. (Mercer et al, 1996) The first model is called affective filter hypothesis. We will study this model from the perspective of bilingualism. It has been assumed that every child has a first language before he or she knows it. But we must remember, there are also many homes in various parts of the world where children are brought up with a more or less equitable exposure to two and sometimes, even three languages – both in the written and spoken forms. For example, an average curriculum in India for any school includes English as well as a second language, which is more often than not Hindi (the national language), and finally a third language until the age of 13 (this is generally the regional or local language). Therefore, to study this hypothesis we must keep in mind that there are individuals who grow up with equally strong holds over two or even more languages. (Mercer et al, 1996) To begin with this hypothesis works on the assumption that there is a filter in every individual’s mind that impedes the process of the second (or third) language or L2 entering into one’s awareness. The elements that are required to cross this phase include relaxing techniques and the creation of a congenial learning environment. A congenial environment more often than not signifies cooperation and a certain comfort level in carrying out various reading and writing exercises. This further sets the platform for shared reading. It is therefore, an accepted fact that shared reading must be initiated among children when they are very small as this is the time when they are the least intimidated by interaction with other

Introduction to Business Assignment Example | Topics and Well Written Essays - 500 words - 1

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