This presentation focuses on the impact of inappropriate accounting policies on the disclosure of profits and revenues in corporate governance, with a case study on TESCO. It includes an introduction, literature review, research methodology, data collection, Gantt chart, and references.
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CORPORATE STRATEGY
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Introduction Corporate governance is the set of frame work which has some specific practices, rules, regulations through which business operations are performed in ethical and reliable manner. There are some policies such as holistic view, compliance with laws, accountability, transparency, innovation, etc.
1.1 Background of research Thereisdiscussion about corporate governance issue of using inappropriateaccountingpolicies. Thisresearchisbasedon TESCO which is one of the leading British multinational grocery store. This organisation has headquarter in UK. In this research, there is discussion about disclosure showing profits and revenues under inappropriate accounting policies of TESCO.
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1.2 Significance of research Significanceofthisresearchistounderstandissuesarisein corporategovernanceissueanditsimpactonoverall performance of association. TESCO is the company which use inappropriate accounting policies. This has impact on disclosure of profits and revenues of an association.
1.3 Research aim “To identify the impact of inappropriate accounting policies on disclosure of profits and revenues of association.” A case on TESCO.
1.4 Research objectives To understand the concept of accounting policies. To evaluate the importance ofdisclosure profit and revenue of association. To analyse influence of inappropriate accounting policies on revenues and profits of TESCO. To recommend the different ways through which TESCO can easily overcome impact of inappropriate accounting policies.
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Literature Review Concept of accounting policies Accounting policies refers to specific principles and procedures which has to be followed by management of organisation while preparing financial statement. There are different methods and procedures which are required to be followed by management while providing accounting information to external and internal parties.
Continue... Importance of disclosure profit and revenue of association Accounting policies are important because it provide complete and relevant information about working style, financial position of association.Therearemanypartiessuchasshareholders, suppliers,customers,etc.whichrequiresinformationabout progress rate of association.
Continue... Influence of inappropriate accounting policies on revenues and profits of TESCO When books of accounts of TESCO are provided with inappropriate accounting policies, then this gives irrelevant and incomplete information to employees. There are many parties who wants to analyse financial data of TESCO in order to invest in it.
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Continue.. Different ways through which TESCO can easily overcome impact of inappropriate accounting policies There are different ways through which managers of TESCO can overcome with this issue. In order to gain good image in industry, managers must use appropriate policies significantly. Theremustbeexpertisepersonnelwhoprovidespecial information to managers regarding disclosure of information.
DATA COLLECTION Data collection refers to the process through which views of respondents are analysed. There is requirement of collection of data while conducting research in order to provide conclusion, recommendations to readers. There are two methods to collect data i.e. primary and secondary data. In this research both the methods are used to collect data.
CONTD... Primary data-This is the method in which researcher collects information on their own which is relevant and fresh. This information is specific because this is collected with one to one interaction. Secondary data-This the method through which information is collected from internet sources, books, journals, etc.
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REFERENCES Cave, M., 2017. 40 years on: An account of innovation in the regulationofUKtelecommunications,in3½ chapters. Telecommunications Policy. 41(10). pp.904-915. Cadman, R., 2019. Legal separation of BT: A necessary incentive for investment?. Telecommunications Policy. 43(1). pp.38-49.