Discuss using an extended example how annual report and accounts can Essay

Discuss using an extended example how annual report and accounts can be used to analyse and - Essay Example Other than the three key statements the annual reports include- Analysis and discussion by the company management; report relating to internal control and report stating the fairness and transparency of the financial statements. Under the management discussion and analysis section there is an explanation with regard to any significant changes in the current year’s performance over the previous years (Warren, et al., 2008, p.785). In the financial statements published by Sony Corporation for the financial year ending 2010 the Sales and operating revenue of the company for the last three financial years has been shown in a comparative way. The operating income of the company for the last three years has also been compared in the form of a bar chart. This shows how this income had dipped in 2009 but recovered, albeit marginally, in the 2010 fiscal. The marginal rise in the revenue is a positive sign for the investors as it signifies that the company has managed to overcome the losses of the previous years. Various other charts relating to Free Cash flow, Capital expenditure and R&D investment have also been shown by the company. These give an idea about the investment practices of the company. Financial ratios can be computed using the financial data of the company relating to net income, sales, financial expenses, debt, equity, assets etc. Using these one can get an idea about the liquidity strength, profitability, debt position, earnings capacity of the company. This is considered to be the most effective tool in assessing the financial soundness of the company (Gibson, 2008, p.452). For the financial year 2010 Sony has prepared a Consolidated Statement of Income where it has depicted the financial data for three years- 2010, 2009 and 2008. Using the sales and net income for this three year period one can prepare the net profit margin

Self-evaluation (Telecommuting will be the new way that jobs are Essay

Self-evaluation (Telecommuting will be the new way that jobs are performed in the next ten years. Introduction ) - Essay Example This can act as detrimental to a section of people are not well educated or skilled to perform any other kind of jobs. (Piskurich, 2008, p.27) Another argument presented by this paper is that telecommuting can provide an employee the added advantage of selecting his/her own working environment and this can have both economic and social benefits. However, there is also a down side because it becomes the responsibility of the employee to pay the bills of electricity and heat of his own working environment and in most companies the employees are not reimbursed for these aspects. (Piskurich, 2008, p.22) The paper puts forward a third argument that telecommuting provides the employee the advantage of working from home. This can help the employee to spend more time with the family thus promoting family values and developing stronger family relations. However, this can be disadvantageous for the supervisors whose primary responsibility is to monitor the efficiency and productivity of their supervisees. The supervisors do not feel comfortable because they cannot physically see their supervisees on daily basis. If the supervision is done badly then telecommuting can further reduce its effectiveness, however it can increase supervision that is done well. There is also the problem of jealousy from colleagues as many people feel that telecommuters do not work in all working hours at home. There may be others who cannot take up telecommuting because of their nature of work. All these can arouse jealousy from colleagues. This working from home facility can have an added disadvantage for thos e companies which regularly face crisis as it causes lack of flexibility. In case of emergency when holding a meeting is required it becomes extremely difficult to bring all the employees together if majority of them work from home. Therefore telecommuting as a way of job is