Finance report Assignment Example | Topics and Well Written Essays - 7500 words

Finance report - Assignment Example Ratio analysis is done to compare the performance of FHL with its major competitor, Harvey Norman. Profitability, Asset efficiency, Liquidity, Capital structure, and Market performance ratios are calculated for both the companies and performance of the two companies is analyzed in the light of these ratios. Some of the limitations of the analysis are identified, conclusions are drawn and recommendations are given on the basis of the analysis done on FHL. Financial statements include at least two accounting statements that are prepared by a company at the end of its accounting period. These two include Income statement and balance sheet and these statements of Fantastic Holdings LTD (FHL) are analyzed in this report. Financial statement analysis of a company is extremely important for a company so that it can reflect upon performance of the company and can add meaning to the figures of the financial statements. Financial statement analysis involves evaluating three characteristics: profitability, liquidity and solvency. A short term lender will be interested in the liquidity of the company which measures the efficiency of the companies to pay their obligations when they are due. A long term creditor would assess the profitability and solvency of the company which measures the long term standing of the company. Hence financial statement analysis is extremely important for the company as well as for the users of the financial statements. Comparisons can be made on the intra company basis, industry averages and inter company basis. Vertical analysis is done to make intra company comparisons and ratio analysis is done to make inter company comparisons. In this report, both comparisons are made. Intra company analysis is done using vertical and trend analysis and inter company analysis is done through ratio analysis of Fantastic Holdings Ltd and Harvey Norman Holdings Ltd. Through the analysis, conclusions will be drawn regarding the performance of FHL from

Managemnent psychology Essay Example | Topics and Well Written Essays - 2750 words

Managemnent psychology - Essay Example He further asserts that management psychology focus is basically on individuals and groups. In this particular issue, character is often used to define an individual’s personality. Personality can be attributed to individuality in the context of one’s internal states that manifests in the form of feelings and thoughts. It is also related to the attributions that cause an individual to behave in a certain manner, as well as, the ‘experienced stable core’ of an individual. In addition, it also entails how an individual interacts with other people in a social set up. There are tests and surveys in psychology that conceptualizes and classifies some aspects of workers’ selves. The sole purpose of these tests/surveys is to predict behavior, emotions and attitudes of employees and to provide a platform for their management (Alvesson & Willmott, 1996). Evidently, personality can be viewed in terms of ideologies, interaction, and context in question. In the 20th century, psychology surfaced as a tool and technique in the managerial skills. It was characterized by rationality in governance in terms of logics; increased means utilization throug h instrumental focus; and focus on work design, as well as, the organization. The traditional forms of authority where leadership was determined by social status and class were replaced. People began perceiving management as a form of profession. The impact of this phenomenon was that since it was viewed as a distinct occupation, the notion of competence was embedded into management. Individual knowledge-based was embraced in the context of economics, ergonomics, studies on time and motion, and industrial psychology (Thompson & Ackroyd, 1995). This contributed to the guidelines for roles in supervision which later incorporated social abilities. The supervisory mandates included literacy, technical skills, analytical, and numeracy skills. Feelings as an aspects that define