Case study accounting Essay Example | Topics and Well Written Essays - 1000 words

Case study accounting - Essay Example suitable methods for maintaining an efficient accounting system for better and accurate costing, financial and operating information, she has presented comprehensive accounting and non-accounting information regarding the business operations. The following is a brief analysis of the business information provided by Wadhha. Wadhha started the boatyard business with a small amount of her savings forming her initial investment into the business. This had a dual effect i.e., on one side it increased the company’s assets being cash while on the other aspect it increased the capital invested into the company. In her quest to get on doing some business, she purchased a running boatyard business at a fair negotiable price. This entitled her the benefits of acquiring an old business and saving her the hassle of forming and establishing an entirely new business. The need for additional funds to finance the business was met by borrowing funds from a friend. It further had double effects i.e., on one side it increased the company’s assets being cash and on the other side, it increased the company’s liabilities. The wharf and store were also of attraction to the customers who were mostly the holiday makers for boating purposes and the company made the most of this attraction by offering fishing tackle, sporting goods and other refreshments. The most of the expenses incurred by company would be on the maintenance of the land, building, store, petrol and diesel pumps, work shed etc, the labour wages expenses, any interest on the borrowings etc. The company possesses great future prospects if the assets are utilised efficiently and effectively towards the generation and maximisation of revenues, so that the expenses could easily be met and the liabilities be paid off on time. The Wadhha’s boatyard owns all the fixed assets needed to run the company, however not much information is provided regarding the current assets of the company most importantly, cash. Wadhha

Corporation Finance Assignment Example | Topics and Well Written Essays - 5000 words

Corporation Finance - Assignment Example These firms are targeted owing to ever growing demand for metals because of its high value that has constantly soar especially iron and aluminum, that up to present is being recycled whenever possible as a result of the value of their physical and chemical characteristics. The Business will be of great importance to its clients (processing companies) as it will save them energy and resources in collecting and treating the scrap metals. 1.3 MAGEMENT AND ORGANIZATION PLAN Eco-Super Scrap Metals LTD management will consist of many employees and self-employed persons contracted by the company. However, the executive management team will consist of general manager, accountant, casual laborers and permanent and pensionable employees such trainers, supervisors and coordinators, who will be manning the sites and training other employees on health and safety of when working within the company. 1.4 OPERATIONAL AND PRODUCTION PLAN The premise and other basic utilities such as operational servic es like electricity will be acquired on rental basis rental bill being paid on monthly terms. However, the business machinery and fix assets such as, treatment plants and other essential paraphernalia like computers, printers, photocopier and furniture will be owned by the business as the initial capital fixed assets. 1.5 FINANCIAL PLAN The starting Capital will be $1,000,000 inclusive of operational capital of $ 700,000. The businesses will obtain this initial capital from owners’ personal savings, amounting to $. 200,000 and a funding through bank loan of $ 800,000. 2.0 BUSINESS DESCRIPTION Eco-Super Scrap Metals LTD main business will be collecting the scrap metals from the environment and treating these metals before trading them to metal processing company. In doing so, it will also be committed to clean environment, making it safety for habitation 2.1 Business Name The business will operate under the name Eco-Super Scrap Metals LTD. This business, given that it is not a new business idea in the region, will be subjected to competition from other firms of similar business. The business commences its operation soon after meeting the qualifications requirements imposed by the regulation bodies and registrar of business. 2.2 Physical Location Eco-Super Scrap Metals LTD will be concern with collecting the scrap metals from the building sites and also will have a centered point for collection in East London next to A13 motorway, to facilitate easy connection with the city. 2.2.1 Mission Statement The mission of the business is to collect and sell treated scrap metals to metal processing firms, before it goes to landfill, and in doing so, clean the environment for sustainability for habitation. 2.2.2 Vision To be the leading scrap metal industry in the entire Europe and outside the continent 2.2.3 Core Values i. Quality- The business main concern is on its customers and environment and so will strive to serve them diligently and upgrading the environment in its effort to be excellent through evaluation and continuous improvement. ii. Efficiency- Being efficient and effective in our mode of operation and give the best at all the time. iii. Passion- Concentrating on the work we do in both our minds and heart to give the best. iv. Accountability- Taking responsibility of our actions