Comments, bits & pieces...

This is a little idea that I borrowed off Ben Patchett (Link to Ben's blog)  .....all contributions and comments on others blogs in one place!

There you go - gave you a plug, lol!!:-) 

Thanks Ben

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WikiGuide Chap 3

http://moodle.cqu.edu.au/mod/wiki/comments.php?pageid=1478

A really really basic summary of chapter 3 (from my own unique view point) is that each of the 4 financial reports work together attempting to capture the realities of a business from 4 different 'angles' at a given point.

While financial reporting helps to give an overall picture of the position and progress of the company or lack therefore, these reports are basically only as good as the information contained within it and rely on the integrity of those putting them together.

Ratios and other analysis tools assist when looking deeper into financial statements however cannot always be stock standard relied on – each business reality is unique and therefore sometimes this would be like comparing apples with oranges……..just good food thought. (ha – I didn’t even mean that pun).

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KPIs - In favour or against?

http://moodle.cqu.edu.au/mod/forum/discuss.php?d=142413#p427762
Hi Aisyah

I can completely see your rationale against the pro's of KPI's but my experience from working for big business is that they are a complete must to successfully measure certain criteria that senior management have deemed as important to that business.

Key point indicators provide a benchmark for everything from safety issues to meeting attendance and of course financial milestone. They are a great way of monitoring critical aspects of business and take corrective actions quickly. The bonuses are just a by-product of this process. 

And yes, there can always be that ruthless boss that will win at all costs but usually a person who builds their careers on tactics like that will find it difficult to retain staff or sustain unrealistic goals - their success will be short-lived.

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A key performance indicator listed in the annual report is a “ROS Target, what is this?

Aisyah Maskiell Blogspot

In relation to question 5, I think this is referring to a target for Reactive Oxygen Species - makes sense given the context of your company's operations but I couldn't find on your blog a link to your company's annual report so I cannot be sure. 

Here is a link below - see what you think.

http://www.uam.es/personal_pdi/ciencias/genhum/biblioparte2/SEMIN6.pdf

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Just curious, does everyone else have nice glossy photos of smiling people and sunny skies in their reports?

http://moodle.cqu.edu.au/mod/forum/discuss.php?d=142664#p428739
Hi Nicole

My company, Amcom, is definitely one of these companies with a lovely glossy happy days type Annual Report.  After ready Chapter 3, it did click to me that these report really are marketing tools - and I have no doubt that big companies spend big dollars to get them like that.  Have a browse over my blog and you will see what I mean - http://meganelouise.blogspot.com/.

I did see a couple of reports which were not so pretty such as Ryanair. See Anna Towan's fanastic blog - http://annatowanacct11059.blogspot.com.au/

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Questions for LVMH's financial statements.

http://moodle.cqu.edu.au/mod/forum/discuss.php?d=139966#p428836
Hi Melanie

I couldn't find a link to your financial report on your blog but I thought I would give my understanding of a couple of your questions - hopefully they are in context of what your company actually does.

Question - Voting rights
Voting rights is usually in terms of shares ownership percentages.  For example the CEO of a company may own 51% of the shares and therefore he has the majority voting rights in decision making process and basically - what he says goes!

Question - Organic revenue growth
Organic growth in terms of your financial reports will mean something the company does, using its own resources, which increase revenues and outputs - not by other streams such as buying out another company etc and using its resources.

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http://moodle.cqu.edu.au/mod/forum/discuss.php?d=142484

Goodwill .......how you can value an intangible asset ..... How does it increase and decrease?

A broad overview is that for a business to record goodwill within its financial reports it must be the result of one company’s acquisition of another, which in turn provides the value the asset (goodwill). Internally generated goodwill cannot be included as you were right - how can this amount be substantiated or fairly determined.

Here is an article on good will I found on the CQU website - 
http://eds.b.ebscohost.com.ezproxy.cqu.edu.au/eds/pdfviewer/pdfviewer?vid=2&sid=58ef9dce-b0f7-4b0a-9db6-671a7637fd63%40sessionmgr112&hid=105

Equity settled share-based payments

I believe this is when one entity repays another entity with goods or services in exchange for shares (equity) in that company.

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