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An In-Depth Analysis of Woolsworth

   

Added on  2020-04-07

19 Pages4695 Words473 Views
AUDITING
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An In-Depth Analysis of Woolsworth_1
EXECUTIVE SUMMARY
The present study is based in-depth analysis of Woolsworth by considering financial and non-
financial factors in order to determine their operational efficiency and future viability in the
retail industry. For better presentation, various tools and techniques have been applied such
as SWOT, PESTLE, ratio analysis and Porters five forces analysis. The present study shows
that financial performance and operational strategies of the company is viable to lead them
towards sustainable future. Further, the company had complied with all regulatory and
accounting aspects to satisfy their legal and ethical obligations towards stakeholders.
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An In-Depth Analysis of Woolsworth_2
TABLE OF CONTENTS
Introduction................................................................................................................................5
Part 1..........................................................................................................................................5
Woolworth’s business operations..........................................................................................5
Investment and financing activities........................................................................................5
Financial reporting practices..................................................................................................6
Part 2..........................................................................................................................................6
Industry size and growth........................................................................................................6
Industry supply chain.............................................................................................................7
Major players and their market share.....................................................................................7
Critical Success Factors.........................................................................................................8
Key threats in retail sector......................................................................................................8
Part 3..........................................................................................................................................9
Legal and environmental regulations.....................................................................................9
Part 4..........................................................................................................................................9
PEST Analysis of Woolworths..............................................................................................9
Swot Analysis.......................................................................................................................10
Porter Analysis.....................................................................................................................11
Other factors.........................................................................................................................11
Part 5- Understand objectives, strategies and Assessing Business Risks................................12
Industry Developments........................................................................................................12
New products and services...................................................................................................12
Expansion of the business....................................................................................................13
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New accounting requirements..............................................................................................13
Regulatory requirements......................................................................................................14
Current and prospective financing requirements.................................................................14
Use of IT..............................................................................................................................14
The effects of implementing a strategy................................................................................14
Part 6........................................................................................................................................15
Part 7 – Understand Management and Governance.................................................................15
Communication and enforcement of integrity and ethical values in Woolsworth Group....15
Commitment to competence................................................................................................16
Participation by those charged with governance..................................................................16
Management’s philosophy and operating style....................................................................16
Organization structure and authority and responsibilities....................................................17
Assignment of authority and responsibility.........................................................................17
Human resource policies and practices................................................................................18
Conclusion................................................................................................................................18
References................................................................................................................................19
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