Roehampton University and Renishaw plc: Accounting for Organisations

Roehampton University and Renishaw plc: Accounting for Organisations Essay example
Masters
Essay
Finance & Accounting
Pages 8 (2008 words)
Download 0
There are many factors affecting the business in the education sector. One of the most important factor is financial factor since the university is not fully supported by the funding council grants…

Introduction

Another factor is the government intervention since the university is registered under the trust the rules and regulation may change over the period of time as mentioned the financial statements are produced according to the guidance of the Charity Commission. In addition to these, there are political factors, social factors for example the quality of education the society is looking for, technological factors, legal factors such as copy rights, union laws, and socio-cultural factors for example religious affiliations and education level and age distribution.
Renishaw plc is a listed company under the laws and regulations which are different from those of charity. The company has to follow the law in order strictly in order to survive the business. These laws may include safety law, labor law, tax laws, and other regulation. Then there is always a danger from competitors taking the market share by providing better quality products. Economic factors are the most important since the company is globally established the currency exchange rates affect the company heavily. There are many challenges to Renishaw as mentioned in the Chairman’s report such as technological advancement, recruitment and absorption of the new employees. The directors expect to overcome these factors in future. ...
Download paper
Not exactly what you need?

Related papers

Strategic Management Accounting in University
To achieve the organisational objectives it is very important to control the activities of the organisation. In this regard tools and techniques of management accounting can be used to control the organisational activities and direct them towards the attainment of the organisational goals. Thus strategic management accounting helps the mangers to take strategic decisions by providing useful…
Finance and accounting essay: Go Ahead Plc.
This in turn has been made possible through the use of a tool called Balanced Scorecard. The report has been structured in a logical flow starting with the vision statement and the strategy the company needs to adopt in order to be en route of achievement of its vision in the long run. Later, the report provides a detailed balanced scorecard tailored according to the vision and the needs of…
Finance and accounting essay: PLC report
Exploring the impact from the global conditions on the performance of company being highly effective on firm understudy the report also assessed the future prospects for NEXT brand. The assessment upon developing concluding remarks suggests recommendations for business to maintain success. Recommendation includes business suggestion to expand with premium brand and adopting acquisition strategy…
GlaxoSmithKline Plc and J Sainbury Plc: Accounting for Limited Companies
There a several techniques that can be used to evaluate the performance of a firm, but one of the most popular and effective techniques is the use of ratio analysis. Ratio analysis is relative simple to apply for any person if they know the formulas for the different financial ratios. The use of ratio analysis does have its limitations because it does not consider other qualitative factors that…
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…
Financial statements advice to Sparkle Plc. Finance and Accounting, Essay
That means the presence of such information would be useful and surely enhance value and goodwill of the company, but it is up to the decision of the directors. To support the significance of such information, theories of concepts are also explained. The recommendations included are from the perspective of a financial account which is responsible to advice the directors of Sparkle Plc. Table of…
Management accounting for business decisions Trailer Construct plc
The Trailer Construct PLC is a small family business which is in the process of expansion into a higher level of operations. The enterprise is involved in the construction and repair of trailers custom made according to the specifications of the client. The demand for construction of new trailers has been consistently rising through the five years to 2011, although demand for repair remained…