logo

A Financial Accounting Executive Summary: The Case of Dick Smith

   

Added on  2020-05-28

15 Pages2964 Words331 Views
Running Head: FINANCIAL ACCOUNTING 1Financial Accounting

FINANCIAL ACCOUNTING 2Executive Summary The present report is focused on the case of Dick Smith, a company, which misled its stakeholders and retail investors. The company showed a high cost for its inventory. Then after, it wrote down its inventory cost, which reduced the overall value of the firm. The report has investigated the major cause of failure of the company. In addition, it has highlighted the importance of financial accounting, transparency, and corporate governance. The company should make efforts to exhibit its financial account and health, so that the investors can take a prudent decision before investing.

FINANCIAL ACCOUNTING 3Table of ContentsIntroduction......................................................................................................................................4Issues in the financial Accounting and Corporate Governance of the Organization.......................5Practice of Manipulating Sales figures, Stock Inventories, and Accounting Policies thereof........6Poor Corporate Governance Arrangements and Low Transparency in Financial Reporting..........8Conclusion.....................................................................................................................................11References......................................................................................................................................13

FINANCIAL ACCOUNTING 4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Forensic Accounting | Case Study Report
|15
|3621
|16

Rise and Fall of Dick Smith Holding Limited Assignment PDF
|17
|4845
|108

Corporate Failure: Lessons from the Collapse of Dick Smith
|19
|4008
|86

Accounting Theory & Contemporary Issues: Analysis of Dick Smith Holding Ltd Collapse
|10
|2629
|361

Accounting issues in Dick Smith’s Case
|6
|1249
|468

Collapse of Dick Smith Holdings Limited
|20
|4162
|70