StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Financial Analysis of Fidesa Group Plc and The Sage Group Plc - Research Paper Example

Cite this document
Summary
The paper "Financial Analysis of Fidesa Group Plc and The Sage Group Plc" argues both companies are listed in the London stock exchange and liable to prepare financial reports as stipulated in the international financial reporting standards. The report should present true data to the stakeholders…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.3% of users find it useful
Financial Analysis of Fidesa Group Plc and The Sage Group Plc
Read Text Preview

Extract of sample "Financial Analysis of Fidesa Group Plc and The Sage Group Plc"

Download file to see previous pages Hussey and Ong, (2005:50-65) argue that international Financial Reporting Standards (IFRS), require each and every company to adhere to some regulation when it is publishing its statements. The most basic requirement is identifying the company by name or any other means that will make people recognize it. This requirement is met with no reasonable doubt by these two companies. To what extent the reports cover (groups or individual enterprise) should as well be indicated in the report (Ogilvie, 2006:477). The reporting currency, in this case, the US cent should also be indicated. The precise figure of the amount for example, in billion, millions, and ‘000’ as indicated in these two companies should be indicated. The trading period, for example, Sage ends on 30th September and begins on the 1st October whereas that of Fidessa ends on 31st December and starts on January 1st.

According to IAS 1, the major report that should be included in the company’s report includes the income statement, the balance sheet, the statement of change in equity, the cash flow statements, and the notes to account where according to the two companies report the year 2014, all are present. Other requirements as per IFRS is that the company should lay the final accounts to members at the annual general meeting, giving members the necessary document, for example, balance sheet for preview before the annual general meeting and directors emoluments disclosure which is all included in these companies report (Ankarath, Mehta, Ghosh and Alkafaji, 2010:38-50).

The audit should be made by an independent auditor where at Fidessa KPMG are in charge, whereas in Sage price house coopers are in charge. In the report, the risk and the going concern of the company or the group should be indicated and according to the two firms’ reports, this is clearly disclosed. Corporate governance is not an exemption and the two companies has elaborated the management team with their responsibilities vividly. The additional part of the report contains corporate social responsibility and the two companies have disclosed their determination to serve the community. ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Financial Accounting Report should focus on two companies that you Research Paper”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1691194-the-financial-accounting-report-should-focus-on-two-companies-that-you-may-choose-the-companies-should-operate-in-the-same-industry-and-prepare-financial-statements-using-international-accounting-standards
(The Financial Accounting Report Should Focus on Two Companies That You Research Paper)
https://studentshare.org/finance-accounting/1691194-the-financial-accounting-report-should-focus-on-two-companies-that-you-may-choose-the-companies-should-operate-in-the-same-industry-and-prepare-financial-statements-using-international-accounting-standards.
“The Financial Accounting Report Should Focus on Two Companies That You Research Paper”, n.d. https://studentshare.org/finance-accounting/1691194-the-financial-accounting-report-should-focus-on-two-companies-that-you-may-choose-the-companies-should-operate-in-the-same-industry-and-prepare-financial-statements-using-international-accounting-standards.
  • Cited: 0 times

CHECK THESE SAMPLES OF Financial Analysis of Fidesa Group Plc and The Sage Group Plc

Managing for the Future

15 Pages (3750 words) Essay

Managerial Finance and Accounting in Kingfisher Plc

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.... 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”....
6 Pages (1500 words) Essay

Business performance

Tesco is one of the leading retailers in the world with more than 530000 colleagues (Tesco plc.... For general merchandise the organization has 1500 Click & Collect service points and more than 150 grocery drives in UK (Tesco plc, 2013a).... “Finest, Everyday Value, Chokablok and Technika” (Tesco plc, 2013a) are some of their own-label range that has gained substantial importance in strategic area.... billion to the sales of UK in each year (Tesco plc, 2013a)....
7 Pages (1750 words) Essay

Strategic Evaluation of J Sainsbury PLC

The study presents an analysis of a company titled 'J Sainbury PLC'.... The paper contains a SWOT analysis of the company.... Their success stories work for an outsized quantity of a group of people all the way through the country.... The SWOT analysis counting assessment of strengths, weaknesses, opportunities and modest threats is finished to comprehend the situation of the company within its definite business place and in contrast with further corporations....
10 Pages (2500 words) Case Study

Vodafone Plc: Its Future As a Network Operator

It uses its experiences of several other markets especially that of Europe in developing new markets through joint ventures Vodafone plc is the world's largest mobile operator with over 198.... rganization GoalsTo maintain high ethical standards To understand and respond to our stakeholders' priorities To ensure our operating standards are consistent across the group To deliver on our promises in three key areas: responsibility to our customers; reuse and recycling of mobile phones; and energy and climate change To capture the potential of mobile to bring socio-economic value through access to communications (Vodafone, 2007)....
12 Pages (3000 words) Research Paper

Kingfisher Public Limited Company

he main objective of Kingfisher plc is to distribute superior and consistent returns to its shareholders.... he financial statement of a company illustrates the “performance summary comprising the income statements, cash flows as well as balance sheets of usually five...
6 Pages (1500 words) Essay

The Financial Management Policies and Practices of J Sainsbury Plc

This paper, The Financial Management Policies and Practices of J Sainsbury plc, outlines that the company is an equal opportunity provider and enables employees to develop their abilities.... Good performances that contribute to the success of the business is rewarded at J Sainsbury plc.... As the research paper highlights, J Sainsbury plc is one of UK's oldest and finest food retailers.... Good performances that contribute to the success of the business is rewarded at J Sainsbury plc....
22 Pages (5500 words) Research Paper

Thorntons Plc SWOT and PEST Analysis

Thornton's plc is an UK based chocolate company established by Joseph William Thornton in the year 1911.... The paper "Thornton's plc SWOT and PEST Analysis" is a perfect example of a finance and accounting case study.... For many years Thornton's plc is considered as one of the famous chocolate manufacturing brands of the United Kingdom.... Thornton's plc is a UK based chocolate company established by Joseph William Thornton in the year 1911....
12 Pages (3000 words) Case Study
sponsored ads
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.
Contact Us