- November 3, 2019 at 2:23 am
Thank you for your time, shall i just mention the web link in the reference list, or there is any specific format for e.g. Appendix, (2019). company name. available at (web link). (accessed on)?
waiting for your response.
Regards.November 5, 2019 at 2:43 pm
1) i would like to ask that do we need to cite info each time if it is repeated? for e.g. info from pestel/swot repeated in the conclusion part.
2) do we need to provide reference each time if the information is taken from annaul reports or a single reference of annual report is fine?
waiting for your repsonse.
RegardsNovember 6, 2019 at 12:13 pm
1) Normally as you should not be introducing new information in the Conclusion they should be little need to reference in the Conclusion
2) Referencing is important and therefore you are expected to show each time where you are extracting information for your statements or are using someone else’s work or their opinion. So one blanket reference is not acceptable practice although where there is CONSECUTIVE use of the same source you may use the abbreviation (Ibid.) to show this. [Ibid is short for the Latin Ibidem and means ‘in the same place’]. However it does need to be ‘appropriate’ use: so the first time you might put (Annual Report 2018 p.20) and for the second reference (Ibid. p.49)
BTW I don’t fully understand your previous query but it is not good practice to start references in the list with a weblink but they should be included as after ‘Accesible at:…’November 7, 2019 at 12:00 am
Thank you @GillianM, for your timely response i see that you have mentioned citation of the annual report as (Annual report 2018 p.20) but i have provided the annual report citation as (DHL, 2018, p.20) is it fine to use this format or may i use the format you suggested.
p.s i will be submitting my project in 2 days as i’m extremely busy and will be traveling, eagerly waiting for your response.
RegardsNovember 7, 2019 at 8:01 pm
Yes that will be fined provided in your reference list you show it as DHL 2018. Do take a last minute look at the Open Tuition Ultimate Guide to Referencing your RAP that is on our homepage http://www.opentuition.com/obu for any last minute queries – the Golden Rules should be useful in this respect.November 8, 2019 at 2:05 am
Thank you @GillianM, really appreciate your timely response. Edited the report and reference as per your guidance.
Best of luck for your future results.
Regards.November 24, 2019 at 6:21 pm
Am currently staying in United Arabic Emirates and i chose Automobiles industry ,my challenge is two companies i wanted to do Toyota and Nissan . But it seems they is no manufacturer like Toyota (Pakistan ) , Nissan (Pakistan). Any Advise how can i tackle this challenge ?November 25, 2019 at 12:45 pm
Sorry I don’t fully understand your question – why can’t you use Toyota (Pakistan ) and Nissan (Pakistan)? I am sure other students are using those two companies (where you live has nothing to do with the companies you may choose).December 9, 2019 at 7:39 am
I will appreciate your guidance on the following:
I am currently working on Goodyear Tires with Cooper Tire as the comparator all in US.
1> Goodyear’s products includes consumer tires, OEM tires, Tire for trucks and sales of tire related chemicals and Fleet services. The products and services offered by Cooper Tire is a subset of these and Goodyear is larger in terms of production capacity and revenue. The both operate majorly in the US market with regional presence in other countries/region. They both prepare their books with the same currency and accounting standard. ….Will Cooper tire still be a fair comparator considering the difference in size and product portfolio?
2> Cooper Tire uses the LIFO inventory system while Goodyear uses the FIFO system. will it be necessary to make adjusted of Cooper Tire inventory to conform to that of Goodyear?
3> Will it be necessary to include EPS, Dividend cover, share price growth and other ratios relating to return to shareholder in my ratio analysis?
4> There are speculations that Goodyear and Cooper Tire are working on a merger. I am working towards period 40 in may. and both companies have the 31 December Year End. Will this have any effect considering i will be working with the Financial statements for the years 2017, 2018 and 2019.
Thanks.December 10, 2019 at 12:31 am
Hey msg4wale , thanks for including me among this forums great mentors.
I try my best.
1) you will find that this is an inherent drawback with this topic, it is very difficult to find perfectly matched companies. However, this does not have to be an issue. Close enough is good enough, its your depth of evaluation in acknowledging such weaknesses that counts. As you will be comparing in relative terms like percentages, size should not be an issue. Perhaps you may consider using the underdog as your main , as a change of perspective may make the evaluation more focused.
2) Interesting question.
The use of Lifo and fifo will much likely have a significant impact on key financial statement items. Depending on your project objectives, you can get around this without making adjustments (provided you include sufficient explanations). However, it would be best if you can do the painstaking work and make the adjustments, assuming you have sufficient information. You will most likely be rewarded for your efforts with a higher grade.
3) This depends on your research objectives, typically it is good to include at least one ratio from each category of financial ratios, profitability, efficiency, investor etc. However if you feel that your objectives would lead you to include more ratios on a category or exclude the category totally, then go ahead.
If you research the reasons behind the possible merger, you may be able to gain insights that would strengthen your business analysis.December 10, 2019 at 6:21 pmDecember 11, 2019 at 8:02 am
First I want to say a big thank you to Hanne for answering this query and making valuable contributions to this forum (especially as Topic 8 is not a topic I mentor for as personally I find it too frustrating finding comparators and all rather dull and boring). However I am making the following comments since I am asked to express my opinion.
1. I concur – you will rarely find a perfect match
2. You will need to explain when discussing ratios involving inventory that they use different bases and the potential impact of this on the figures and comparisons.
3′ You need some investor and gearing type ratios
You should mention any impending merger or takeover as the two Boards of directors may be pursuing (and for the last couple of years may have been pursuing) strategies and made decisions in anticipation of this – and appreciation of strategies form an important part of Topic 8 analysisDecember 11, 2019 at 8:52 am
Nothing much to add here except a few clarifications:
Unless the 2019 annual report is published by 1 Feb 2020 (unlikely) then you do not HAVE TO incorporate it in your findings (though you may choose to do so)
It will definitely strengthen your report if you look at strategies. Although it may not say so in the Information Pack it emphasises the importance of the business environment in the Resubmission Guide where the External Examiner suggests for a ‘sound financial analysis’ this should ‘put the analysis in the context of the industry (or industries concerned, the relative risk of the industry, trends in the industry where appropriate and the impact of changes in the economic, political and regulatory environment. Due cognisance should be accorded to environmental factors and sustainability in arriving at conclusions and recommendations’
As hanne said: “If you research the reasons behind the possible merger, you may be able to gain insights that would strengthen your business analysis” So for example, if you have already done the SWOT for Goodyear and are contemplating changing Cooper to the main company then when you have done a SWOT for that, look for any synergies that would facilitate the merger or how a combined operation would build on their joint strengths and eliminate any of a particular company’s weaknesses. You could then possibly comment briefly on this and the like, if not in the main findings where appropriate at least in your conclusions.
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