Accounting Evaluation And Forecast - Essay Example

Only on StudentShare

Extract of sample
Accounting Evaluation And Forecast

Carter and Usry mentioned that “In Reality, planning and controlling are simultaneous, cannot be separated, and an interconnected process”. Within this elaboration we will evaluate performance of the “Aberdare - Super Service Mini Market” and furthermore describe Income Statement and Balance sheet forecast for planning purposes. According to the financial ratios, Aberdare posses an overall weaker performance, compare to the Pernarth mini market. The only ratios that exceed Pernart mini market are sales/operating assets ratio and the interest cover ratio. The sales/operating assets ratios present a slight lead on Aberdare’s effectiveness on using its operating assets to produce sale, while the interest cover ratio display Aberdare’s better performance on taking advantage of debts to finance operations. However, financial ratios should not be used as a sole instrument of measuring performance. According to available data, Aberdare’s sales in 2004 are amounted to $ 1,250,000 and the operating profit is $ 217,000. This has a relatively significant difference compare to Pernarth mini market, which produce a sales number of only $ 1,000,000 and operating profit of $ 190,000. Thus, in actual numbers, Aberdare mini market contributes more income to the business. ...Show more


According to Carter & Usry, activities of an organization can be divided to three large groups, which are Planning, Organizing and Controlling. Theoretical literature often divides these activities into different subjects…
Author : helga37
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Accounting Evaluation And Forecast"
with a personal 20% discount.
Grab the best paper

Related Essays

Assignmnet on Accounting Budget
With this, all employees are motivated as they can be seen to be having a say toward the budgetary contribution the most crucial part of management. 1 Bank Muscat is one of the largest banking institution in Oman and it offers; corporate banking, consumer banking, project finance, asset management, private banking and investment banking.
8 pages (2000 words) Essay
Economic Indicator Forecast
State of Oregon projects that GDP will fall by 2.6% a rate that is not alarming in the short run given the resilience the economy has shown. Unemployment rate: Projections for unemployment (% of the labor force) are that the rate will be 5.2%.
2 pages (500 words) Essay
Automation Tools
Record Macro function is unable to provide a user with such options. Lets consider a scenario where you need to enter a particular piece of information based on the number of rows with data in a certain column. You will have to repeat the process of entering data by hand against each cell to acomplish this.
6 pages (1500 words) Essay
Management Accounting College Essay
The Terminology of Cost Accountancy defines standard costing as "the preparation and use of standards costs, their comparison with actual costs, and analysis of variances to their causes and points of incidence." The technique of standard costing thus involves:
8 pages (2000 words) Essay
Comfort Letter
Along this line, it can just be any other letter. What is important is the spirit and import as indicated and expressed in the text or the wording thereof. The case in point to be deciphered in the present treatise is that of Kleinwort Benson Ltd v Malaysia Mining Corporation Bhd [1988] 1 WLR 379.
4 pages (1000 words) Case Study
Pricing and Cost Leadership in Management Accounting
According to Porter, differentiation is one of the winning strategies in the market which a company can utilize in order to compete with other players by stressing product attributes that sets it apart from its competitors. Cost leadership strategy entails pricing at par or even below the industry average in order to gain market share but also delivery of a certain level of product or service quality.
5 pages (1250 words) Essay
Intermediate accounting
The problems may be compounded due to losses resulting from the miscalculations. Nonetheless, by and large, seasoned livestock management such as the Three Little Pigs Inc. is
3 pages (750 words) Essay
Should Companies be required to forecast accounting data?
We would try to keep the language as simple as possible so that we don’t complicate things right from the start. First thing you realize is that you would need to bake cookies so as to be able to sell them. For which you would require flour,
8 pages (2000 words) Essay
Security Management
engineers endeavor to use the best skills that ensure optimum building and site security, Information Technology is the other area that IT experts spend a lot of time and resources trying to protect organization information. In all private and public institutions, budget
17 pages (4250 words) Research Paper
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email