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Sorry, just to clarify. So publishing date is relevant, not year end. So, for example, accounts for year end 31st December for 2020, 2021, 2022 could be used for May 2024 submission in the case that the 2023 accounts were not published (signed off) before 1 February.
What if there is a delay between signing off and publishing publically (or does this never happen in practice)?Hi Trephena et al,
Many thanks, for this and the continued support from all at OT, I would be truly lost without your constant input!Hi,
Just wanted to know if harvard style referencing extending to citing the appendices? Is there a standardised way to reference/label my own graphs and tables in the appendices from the main text? Specifically, labeling appendix does it have to be appx 1 2 3 or appx A B C or can I just label however I wish (like 1a 1b 1c) and will it be frowned upon if the appendix is not completely consecutive and/or missing numbers/letters in the sequence.
Thanks for all your help,
WillHi Irwin,
Many thanks for the reply.
However I fear I may have been unclear in the wording of my question.
After calculating any ratios that are also included in the annual reports, to what degree will I be expected to know the differences between the two. If I have calculated Roce at 3% and the annual reports states it as 5.5%, how detailed should my explanation be of the difference? Is it acceptable to ignore the difference (though this seems obviously wrong to me to do) and use my ratios? Or is it sufficient to merely quote the description of the calculation in the annual reports and then state that the numbers are not provided in enough detail in order to replicate them?
Many thanks in advance,
Regards
WillHi,
Many thanks Irwin for your above reply, I have noted your suggestions.
Another ratio related question…
Should I spend a lot of time trying to replicate the ratios quoted in the Annual Returns of my focus company. In some cases the information necessary to replicate the calculations are not available in all of the years. Should I just focus on what I decide to incorporate into my own calculations and the arguments for/against their inclusion/exclusion?
Many thanks in advance
WillHi, hopefully someone still reads this thread. My question is about the further breakdown of asset turnover. My kaplan text book says it can be further broken down, but it’s says it breaks down as revenue/non current assets and revenue/net working capital. For the life of me I can’t reconcile these two ratios back to the asset turnover ratio. I assume I am fundamentally misunderstanding something….
Thanks for any help
WillHi, getting stuck into my topic 8 based RAP project. I’m doing a lot of reading before I get stuck into writing the RAP. My issue is trying to find some good quality reading material in regards to ‘Strategy planning & analysis’ and ‘Business and financial ratio analysis’. Obviously, I’ve got my ACCA textbooks but really wanted to add some meat to my analysis and insights/discussion. The offerings from the internet seem sporadic in quality. Is there a recommended reading list or any quality texts/authors I should be looking out for?
Thank you very much in advance
BilboHi Trephena,
Many thanks for your above comments. I think maybe I am being too exacting about this. I will check out the theories you mentioned above to see if they can give me some more direction. I think, frankly, as you said it is only a first degree, to make it easier I think I will select a company that allows easier analysis then the ones I am looking at (i.e. smaller). In any case, thank you very much for your candor, it is very much appreciated.
Kin regards
Will
Hi Trephena,
Many thanks for your speedy response.
To clarify, I really wasn’t suggesting doing some erroneous ratios as part of my project. Quite the contrary. I really meant, how can I create meaningful financial analysis of a company when it has over 200 brands, each one running it’s own marketing strategy, quite independently of each other, with no breakdown of the sales of each product and no breakdown of the expenditure on marketing of each product. Surely looking at the PLC’s expenditure and sales as a whole, across these 200 brands, is a seriously flawed approach?
Thanks for the advice regarding market segmentation and marketing mix, I haven’t yet studied my P3 so, although I have briefly read around them, I do need to be more familiar with these.
Do you think it would be better (easier to create meaningful analysis) if I tried to source a potential company with a smaller product range, or perhaps a retail brand?
Many thanks for your continued help!
Will
Hi there,
Similar to the person above (Asda query), I am struggling to source financial data regarding the brand I am looking at. I am looking at a couple of possible brands/marketing strategies but both belong to HUGE parent companies. The brand companies are not separated in their financial statements and the consolidated accounts are so huge so as to render any inference of the parent companies data to my chosen brand ridiculously inaccurate.
Also I was very worried that I would focus on the marketing strategy too much, I was under the impression that this project needed to be a financial analysis primarily and secondarily a discussion of the effectiveness of the financial data in fulfilling the original aims, obviously encompassing non financial factors (public perception, brand recognition etc).
From the above thread, though, it sounds like the project is largely a discussion with only small reference to financial data. Is this the case? Also, if I am unable to find published financial data from the company, how can I trust figures from other websites/sources? It seems without the numbers being verified or audited somehow, they may be complete nonsense. I have come across websites that say “they have doubled their marketing spend…” and “they have increased sales by x%”. So I assume that there must be raw data somewhere….?
So basically my queries are:
1) Is there likely to be a breakdown of the data I need (regarding the brand within the plc)
2) If there’s not, how important is it that I have significant financial analysis i.e. will a few ratios be sufficient
3)How can I verify data from alternate sources (or can I just use it’s unreliability as a discussion point in the project)Thanks anyone for their help with this.
Cheers Will