What is the impact of an increase in annual investment allowance from £200,000 to £1,000,000 on businesses, households and the economy?

 


Use information from link and loads of other sources explaining AIA and impacts

What is the impact of an increase in annual investment allowance from £200,000 to £1,000,000 on businesses, households and the economy?

Use calculations and SPSS, add descriptive statistics and regression and other calculations to reinforce points made and explain calculations.

Use graphs relating to previous years and business usage of annual investment allowance and explain.

Discuss how previous limit of £200,000 was utilised by businesses

Criticise the increase in AIA and negative impact it could also have

Explain what is meant by materiality in relation to GRI reporting. Outline some of the shortcomings of GRI requirements as regards reporting sustainability in the supply chain.

Business Accountability & Responsibility
Interim coursework tasks.

This task comprises making two contributions to an online blog. Two questions should be chosen from the list below and answers to them posted in the appropriate blog.

Required:-

Answer any two questions – 150 words  and two good references for each – choice from:-

Questions on topics covered in Week 5 and earlier

Explain what is meant by materiality in relation to GRI reporting.
Outline some of the shortcomings of GRI requirements as regards reporting sustainability in the supply chain.
Outline the ICAEW arguments in favour of accountants playing a key role in developing sustainability reporting and practice.
Outline the arguments against developing sustainability reporting based on financial reporting.
Explain what is meant by “green washing” and give two real life examples.
Explain what is meant by the “legitimacy gap” and give two real life examples.
Explain what is meant by isomorphism and give examples.

Discuss how this may improve the long-term sustainability of the organisation. Evaluate how River Island should use benchmarking going forward to improve their competitiveness as a “high street” retailer.

In the 52 weeks to December 2020, River Island reported a 31.7% fall in turnover to £600.5 million. While operating losses totalled £36.2 million.
Using one strategic model of your choice evaluate the strategy of River Island. Discuss if the business model and strategy of River Island is sustainable post the impact of Covid19 and what changes to the strategy you consider necessary.
Using relevant examples critically evaluate how the balanced scorecard model would improve the performance of River Island. You can adapt the theoretical model as you wish.

Discuss how this may improve the long-term sustainability of the organisation.
Evaluate how River Island should use benchmarking going forward to improve their competitiveness as a “high street” retailer.

Discuss how the differences between profit and non-profit organisations affect the way in which organisations employ budgetary controls?

How does the experience of the case study organisation, Sight Savers International, illustrate the purposes and challenges of successful budgetary control in non-profit making organisations?
In addressing this assignment you should:
1. From the case study, summarise the key strategic issues facing Sight Savers International. Recommend 20 key performance indicators which are consistent with these issues, identifying both objectives and measures.
2. Discuss how the differences between profit and non-profit organisations affect the way in which organisations employ budgetary controls?
3. Discuss if and how the experiences of Sight Savers International support the arguments put forward by the ‘Beyond Budgeting Round
4. Provide a conclusion that summarises your answer to the assignment title question.

Calculate the cost allocation rates, total manufacturing costs and unit costs of the wood and metal window frames using Activity Based Costing approach.

The company management recently had a meeting to discuss investment in different industry or sector. David Smith, a management staff drew their attention to prospect of investment in schools . However, Smith’s concern was in relation to his limited knowledge about the activities that may contribute to costs and how these can be controlled or reduced. Other members of management raised other investment options, but they settled on the option of looking into establishing preschool. There were also other concerns raised during the meeting, but management reached a consensus on the need to commence looking
(i) Calculate the cost allocation rates, total manufacturing costs and unit costs of the wood and metal window frames using Activity Based Costing approach.
(ii) Assume that nonmanufacturing activities, such as product design, were analysed and
allocated to the wood window frame at £10 each and the metal window frame at £15 each. In addition, similar analyses were conducted of other nonmanufacturing activities such as
distribution, marketing and customer service. The support costs allocated were £50 per wood window frame and £80 per metal window frame. calculate the product cost per unit by including the nonmanufacturing costs.
(iii) With reference to examples from either the case study or from organisations beyond the case study, critically evaluate at least five roles played by cost drivers in organisations.

Who are the external auditors of Tesco plc? What part did they play in resolving the scandal?

Research into any high-profile corporate fraud case for which the amount involved exceeds £249 million  and briefly discuss the role played by external auditors in the scandal. You must also identify the audit approach and/or procedures used by the auditors prior to the fraudulent activity being exposed and lessons learnt from such a scandal.
Give a Case summary
This should be 400 words/one page long. The summary should include: 2 lines on who Tesco plc is, what happened, how was the fraud found out, what was the intention of the fraud, what effects did it have on stakeholders . What were the penalties?
Role of external auditors in the scandal
Who are the external auditors of Tesco plc?
What part did they play in resolving the scandal?
Audit approach & procedures taken by the auditors
What were the auditors accused of?

Lessons Learnt from this scandal
Were there any changes to policies/rules after the scandal? What has the world learnt from the Tesco scandal? What are the penalties of such scandal?

Does Mandatory Adoption of International Financial Reporting Standards in the European Union Reduce the Cost of Equity Capital?

Essays are to be between 2,000 and 2,500 words. With this range of 500 words, students are not permitted to use the informal ±10% rule sometimes allowed. Please include a word count at the end of the essay . Penalties will be enforced if 2,500 words is exceeded and this will be reflected in the presentation mark.
Some references to use throughout:

Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences https://www.jstor.org/stable/40058120

How do Individual Investors React to Global IFRS Adoption? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1458944

Does Mandatory Adoption of International Financial Reporting Standards in the European Union Reduce the Cost of Equity Capital? https://www.jstor.org/stable/20744143

Critically evaluate arguments, assumptions, abstract concepts, uncertainties and data relating to strategy, which will enable them to frame questions.

Strategic management

Analyse and deploy established strategy techniques and approaches, as well as the latest thinking, regarding enquiry and application to strategy related concepts and practical situations.
• Employ a range of problem solving techniques and approaches, which can be used to understand and resolve theoretical and practical strategy related situations.
• Appreciate the areas of uncertainty, incompleteness, ambiguity, contradictions and the limits of knowledge relating to strategy and its environment.
• Critically evaluate arguments, assumptions, abstract concepts, uncertainties and data relating to strategy, which will enable them to frame questions, make judgements and develop solutions to theoretical and practical problems relating to strategy and its environment.
• Employ skills and knowledge to enquire, make decisions and resolve problems in the complex, ambiguous, incomplete and unpredictable world of strategy and related areas

What controls could have prevented this fraud from occurring? What controls could have detected this fraud before Melissa was able to pilfer more than $60,000?

Read the case study: A Wolf In Sheep’s Clothing, beginning on page 121 of the textbook and complete the following:
Answer the following questions:

How was Melissa Robinson able to commit fraud without detection?

What controls could have prevented this fraud from occurring?

What controls could have detected this fraud before Melissa was able to pilfer more than $60,000?

List at least three examples for each question. Provide thorough explanations for each, and make sure that you are answering the question that’s asked.

Formatting Requirements:
Minimum 1 full page of text, beginning on the first line.
Double spaced, 1″ margins, 12 point font.

Include a separate reference page, including a links, if necessary.
Name your file as follows: Your Name_Ch 5 HW
Use bullet points or sections to separate the three requirements listed above.
Follow the attached rubric to ensure you cover everything and provided at least the minimum number of examples.
Proof read your paper. Make sure you covered every requirement listed above and in the rubric.

Explain the relationship between financial statements and why it is useful for managers to understand all three.

Various balance sheet and statements of earnings accounts for Home Restoration Outlet Ltd. are listed below in random order. You will have to determine which account goes in which statement to solve the questions.

The balance sheet accounts are as of December 31, 2005, except as noted. The statement of earnings amounts are for the year January 1 to December 31, 2005. All accounts are shown in thousands of dollars.

1) Prepare a statement of earnings, a statement of retained earnings, and a balance sheet.

2) Explain the relationship between financial statements and why it is useful for managers to understand all three.

3) Perform a “current ratio” analysis for the company and explain the company’s liquidity position.

Balance sheet and statement of earnings accounts

Cash $40
Retained earnings, Dec 31, 2004 $255
Inventory, Dec 31, 2004 $425
Note payable, due Feb 2006 $25
Selling expenses $482
Accounts payable $85
Accounts receivable $104
Sales $2,409
Income tax rate 50%
Building and equipment, cost $150
Dividends $70
Total Long term loan, due June 2015 $110
– 2006 portion $10 ($10 of the $110)
Purchases $1,304
Income tax payable $25
Marketable securities $30
Depreciation expense, building and equipment $23
General and administrative expenses $215
Cost of goods sold $1,419
Goodwill $85
Other expenses, interest $20
Prepaid expenses $42
Common stock $130
“Accumulated depreciation,
build. & equip. Dec 31, 2004” $53