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Accounting & Financial Management Assignment

   

Added on  2020-04-01

17 Pages3468 Words35 Views
Accounting & FinancialManagement

Executive SummaryThis research work offers an opportunity to apply the developing accounting and financial management skills to the case firm, Premier Investments. Premiere investment is a retail fashion chain throughout Australia, Hong Kong, New Zealand and UK. It recently became first company of Australia to be part of World Retail Congress Hall of Fame. the study revolves around Premiere Investments. This study is divided into three parts. In the first part sustainabilityreporting framework for Premiere Investments have been discussed. In the second part costs associated with ongoing operations of organization are discussed and in the last part calculations for desired quantity based on BEP have been done. As per the study Materiality, Stakeholder Inclusiveness and Suitability Context are important factors for reporting for Premiere investments. The other side cost that have been identified related with the organization are: property tax, rent, salary payment, utility expenses, direct material, piece rate labor and commission. The calculations in the last part of the study reveals that 148333, 32962, 30689 are the desired BEP units for Premier investments for their three brands. It has summarized that the BE units can get affected with changes in fixed cost and contribution marginContents

Executive Summary.........................................................................................................................2Introduction......................................................................................................................................4Part A...............................................................................................................................................4Answer 1......................................................................................................................................4Answer 2......................................................................................................................................6Answer 3......................................................................................................................................8Answer 4......................................................................................................................................9Part B.............................................................................................................................................11Answer 1....................................................................................................................................11Answer 2....................................................................................................................................11Answer 3....................................................................................................................................11Answer 4....................................................................................................................................12Part C.............................................................................................................................................14Answer 1....................................................................................................................................14Answer 2....................................................................................................................................15Conclusion.....................................................................................................................................17References......................................................................................................................................17

IntroductionIn the past many years, CEOs of the organizations were placing more focus on holistic reporting of the activities of an organization rather than the simple reporting, which is required by the Accounting Standards. The report below discusses the suitability reporting framework for the premier investments and various facts associated with it. Premier investments operate in the range of retail fashion chains throughout the country. The brands of the organization comprise ofSmiggle, Portman, Jean, Peter, Jay Jays, Jacqui and Dotti. Part AAnswer 1The investment decisions of Premier organization take into account factors of economic, environmental and societal impacts and the management. The organization is trying hard to comply with the local laws and regulatory needs as a minimum and is also making representations to the authorities if they consider that policies and practices of the government undermine the policies of the organization. It is the policy of Premier Investments’ to support thesocial investments, which contribute towards the sustainable development objectives of the communities and countries in which they operate. This clearly shows that working in partnershipwith the professional social developments organizations and government agencies for ensuring the investment, addresses the material issues in a rigorous manner with the positive impacts on society. The investments are increasingly focused on the development of the local capacity and initiatives, which deliver social and economic returns for the local communities and host government. The positive impact of the investment has helped the organization earn many awards. The award recognizes the good operational performance and the high level of

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