We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Managerial Finance and Accounting - Case Study: Kingfisher Plc - Essay Example

Comments (0) Cite this document
Case Study – KINGFISHER PLC Table of Content Kingfisher plc – The Company 3 Background of the Company 3 Strategy 3 Brands 4 Customers 4 Market 4 Financial Statements 4 Use of Financial Statements by Organizations 4 Strengths of Kingfisher plc 5 Weakness of Kingfisher plc 6 Financial Analysis of Kingfisher plc 7 Recommendation and Conclusion 8 References 9 Appendix KINGFISHER PLC Background Kingfisher originated in the year of 1982…
Download paper
Managerial Finance and Accounting - Case Study: Kingfisher Plc
Read TextPreview

Extract of sample
Managerial Finance and Accounting - Case Study: Kingfisher Plc

The chain of Comet electrical was bought by the company in 1984 followed by buying stores of Superdrug health and beauty in 1987”. (Kingfisher, 2011) In the meantime, B&Q was expanding its out of town appearance in order to become the leader of home development retailers around UK. “In 1990s, Kingfisher attempted to continue its expansion of retail businesses. With the beginning of bigger Warehouse styled stores designed in 1994, B&Q developed speedily. In 1994, home improvement zone expanded internationally. In 1998, France’s foremost retailer of home improvement as well as the owner of a fast growing but smaller in size, known as the Brico Depot chain merged with B&Q”. (Liow K., 1997) In 1999, B&Q managed to open its first store in China. “Various other mergers in that year included buying of French electrical chain and Darty by Kingfisher in 1993. Additionally, Kingfisher bought Screwfix, the catalogue and e-commerce seller of fixings and screws in 1999. In the year of 2001, Woolworths was separated and Superdrug was sold. In 2002 the left over stake in Castorama was obtained for creation in Europe of leading home improvement retailer”. ...
Furthermore, “Kingfisher has a 21% planned agreement with Germany's leading DIY retailer, Hornbach”. (Liow K., 1997) Customers “People of all classes are catered by Kingfisher worldwide”. (Alexander N., 1995) Market Kingfisher is the leading retailer of home improvement in Asia and Europe having 900 stores in eight countries. It has market-leading status internationally in Asia and Europe along with the emergence of businesses in Russia, Spain and Turkey. “Moreover, its core businesses were developed in France, Poland as well as UK”. (Wolfe B. and Asch D., 1992) Financial Statement The financial statement of a company illustrates the “performance summary comprising the income statements, cash flows as well as balance sheets of usually five years and often of ten years period”. (Francis J. and Schipper K., 1999) Use of Financial Statements by Organizations The aim of financial statements is to offer information regarding financial performance, position as well as modifications in financial position of a firm that is helpful for various users in transforming economic decisions. “The owners, potential investors and shareholders are to be interested most in profitability. Several investors try to find a lofty payout ratio. Speculators give more concentration to stock valuation because growing companies inclined to possess a low payout ratio due to the reason that these companies reinvest their earnings. Furthermore, financial statements are used by bondholders for the indication of long-run solvency. Moreover, temporary creditors, like bankers, forfeit special consideration to cash flow as well as interim liquidity indicators, like current ratio. Creditors of both classes have a preference to lend to firms ... Read More
Cite this document
  • APA
  • MLA
(“Managerial Finance and Accounting - Case Study: Kingfisher Plc Essay”, n.d.)
Retrieved from https://studentshare.net/finance-accounting/43996-acc2211-managerial-finance-and-accounting-case-study-kingfisher-plc
(Managerial Finance and Accounting - Case Study: Kingfisher Plc Essay)
“Managerial Finance and Accounting - Case Study: Kingfisher Plc Essay”, n.d. https://studentshare.net/finance-accounting/43996-acc2211-managerial-finance-and-accounting-case-study-kingfisher-plc.
  • Cited: 0 times
Comments (0)
Click to create a comment
Finance - Managerial Accounting
The Institute of Management Accountants has defined managerial accounting as “the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information used by management to plan, evaluate, and control within an organization and to assure appropriate use of and accountability for its resources” (qtd in Davis & Davis, 3).
3 Pages(750 words)Essay
Kingfisher plc (Accounting)
The following paragraph criticizes the provisions of significant accounting standards(Meigs, 1995) to transactions and items in the financial statements. As for the percentage change in the net income from the year 2005 - 2006, Table 1 in the appendix shows that the difference between the net income of 2006 or 10,900,000 and the net income of 2005 at 5,200,000 is 5,700,000.
12 Pages(3000 words)Book Report/Review
Managerial Finance and Accounting
However, with an overall gloom and recessionary fears in the market, it is high time that we look into certain important policy matters failing which, it may not be able to restore its previous market leadership
6 Pages(1500 words)Essay
Accounting managerial control CASE STUDY---Apple company
The next section will deal with the same. Michael Porter has devised a framework which provides a better understanding of the industry and how companies can be affected by forces within the markets. The
5 Pages(1250 words)Essay
Managerial finance and accounting
For this purpose, cash budget is prepared by a company since cash budget is an extremely important tool used by financial managers for managing cash. A cash budget is a schedule that shows cash receipts, cash disbursements, and cash balances
6 Pages(1500 words)Essay
Creative Ltd. has shown phenomenal growth in the past two years of operations. The company has expanded significantly, and along with its development there has been a steady increase in the constraints which hinder the
5 Pages(1250 words)Essay
Managerial accounting and finance
this case the equipment is sold in the same year in which it was purchased, this may imply that no depreciation would be accounted for in the year-end adjustments and thus scrap value could be subtracted from the initial purchasing cost to find the book value. But under IAS 16,
8 Pages(2000 words)Essay
The chain of Comet electrical was bought by the company in 1984 followed by buying stores of Superdrug health and beauty in 1987”. (Kingfisher, 2011) In the meantime, B&Q was expanding its out of town appearance in order to become the leader of home
7 Pages(1750 words)Essay
Case Study in Managerial Accounting
In the above case, price of endor, the initial $5.00, represented a fixed cost that according to Alderon, was not going to change as far as they were concerned. At $4.75 when the endor was paid for, this cost is therefore referred to as the
1 Pages(250 words)Essay
MBA Accounting and Managerial Finance
Navy. The bid is to supply duffel canvas amounting 100,000 yards to U.S. navy every year at a fixed price of $30 per yard for 5 years. Mr. Tar, the CFO
14 Pages(3500 words)Essay
Let us find you another Essay on topic Managerial Finance and Accounting - Case Study: Kingfisher Plc for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us