Both companies are among the top companies in their area in Europe in terms of footprint, <\/p>\n
turnover, profits, technological advance and innovative products and services. Both of them are <\/p>\n
always \u2018on the way\u2019 and constantly see possibilities to improve for the future through a healthy <\/p>\n
competitive environment. However, they also face with \u201cthe upheaval and global challenges of <\/p>\n
their relevant industry\u201d which has impacted on their financial performance. <\/p>\n
In their effort to steadily apply the strategy \u201cvalue for money\u201d to their customers and satisfy them <\/p>\n
with innovative applications in their sectors, both have launched extensive programmes for <\/p>\n
developing innovative products with a lower cost structure which is aimed to lead to sustainable <\/p>\n
profitability targets. <\/p>\n
Requirements: <\/p>\n
Please start up by consulting a number of related books and articles on financial reporting and <\/p>\n
managerial accounting\/costing in your library and the electronic folder of your pack. This is to <\/p>\n
develop your knowledge of financial statement analysis skills. List the desirable characteristics of <\/p>\n
financial reports as outlined in such books and articles. Examine the (consolidated) annual reports <\/p>\n
of Vodafone and Orange with all the financial statements included (at least 3 latest financial years <\/p>\n
per company) towards the following points: <\/p>\n
1. Examine these reports and then make the appropriate financial assessment on it to see how <\/p>\n
far in your view it appears to contain the desirable characteristics of financial reports as <\/p>\n
outlined in the textbooks. (You must show all workings, that is to analyze the financial <\/p>\n
performance and risk position of these companies as disclosed by its financial statements <\/p>\n
(and other resources) and explain ratios calculated for at least 3 last and recent financial years <\/p>\n
per company and make a comparison between the recent years\u2019 performance with the <\/p>\n
respective detailed analysis). <\/p>\n
I encourage you to consider analysing five years financial statements and to compare them <\/p>\n
with the relevant industry in terms of industry average financial ratios and also specific ratios <\/p>\n
pertinent to the industry. This is not compulsory but would add credits to your report and <\/p>\n
hence extra marks for these additionally analyses. <\/p>\n
2. Given the focus of Vodafone and Orange Corporations on the customer, the drive to reduce <\/p>\n
costs and \u201cvalue for money\u201d concept and technological innovations with huge investments <\/p>\n
regarding future and always \u201clooking forward\u201d and the emphasis on \u201ccustomers and suppliers\u201d <\/p>\n
working together to overcome the financial challenges that they face, You are required to: <\/p>\n
Discuss, using relevant academic \/ industry literature to support your arguments, which <\/p>\n
company is performing relatively better in short and long term and therefore is more <\/p>\n
suitable for investment by potential investors. Clearly, this requires applying various <\/p>\n
techniques and (in particular) ratios to analyse the financial position and performance of the <\/p>\n
two companies and identify areas of weaknesses and strengths. You are encouraged to <\/p>\n
compare the financial performance of the two companies with average industry ratios and <\/p>\n
also apply industry specific ratios to the analyses. This would strengthen your analysis of <\/p>\n
the two companies and highlights areas for improvement and also which one is more <\/p>\n
suitable for investment from a potential shareholder view. Also, you are encouraged to <\/p>\n
expand your analyses to enable you to provide recommendations to both companies on <\/p>\n
how to improve their performance both in short and long terms. <\/p>\n
It is important that you familiarise yourself with the relevant websites (including the two <\/p>\n
companies\u2019 websites) early in the module so that you can be thinking about the <\/p>\n
applicability of the material that you are covering during the module. <\/p>\n
NOTICE: Using the same logic and the same model as above, you are allowed to choose any <\/p>\n
TWO other alternative companies from any same or a different business sector that will cover the <\/p>\n
abovementioned characteristics. In a case like this, you will NEED the written permission of the <\/p>\n
Module Leader. <\/p>\n
SUBMISSION <\/p>\n
Students are expected to submit: <\/p>\n
A written report between 3,500 and 4,000 words maximum. A penalty policy will be affected in <\/p>\n
cases that the threshold is exceeded by 10%. They should read books\/articles\/industry and <\/p>\n
companies reports critically in order to formulate their arguments in relation to the subject. <\/p>\n
\uf0b7 ALL students will be required to individually download their complete assignment into the <\/p>\n
TURNITIN database system (turnitin.com) which assists in detecting plagiarism. Further <\/p>\n
details on this procedure will be provided before the assignment is due. <\/p>\n
Late Submission Policy: All work submitted late, without an approved claim of extension or exceptional <\/p>\n
circumstances will result in a 10 marks reduction for each day that the work is late, up to a total of five days, <\/p>\n
including weekends and bank holidays. <\/p>\n
NOTE <\/p>\n
This piece of assessment should be completed and submitted by the student (or group of students in group <\/p>\n
work) without assistance from or communication with another person either external or fellow student <\/p>\n
(outside the group) or any AI type of content generator. Students should understand that not working on their <\/p>\n
own will be considered grounds for unfair means and will result in a fail mark for this work and might invoke <\/p>\n
disciplinary actions. This piece of assessment will be continuously checked for its academic integrity until <\/p>\n
student\u2019s graduation and the mark will be revised if it is found to breach the unfair means policy. It is at the <\/p>\n
instructor\u2019s discretion to conduct an oral examination which will result in the award of the final grade for that <\/p>\n
particular piece of work. <\/p>\n
TURN IT IN REQUIREMENT <\/p>\n
This piece of assessment is required to be submitted to turnitin plagiarism detection software at: <\/p>\n
www.turnitin.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Both companies are among the top companies in their area in Europe in terms of footprint, turnover, profits, technological advance and innovative products and services. Both of them are always \u2018on the way\u2019 and constantly see possibilities to improve for the future through a healthy competitive environment. However, they also face with \u201cthe upheaval and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[18],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/41747"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=41747"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/41747\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=41747"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=41747"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=41747"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=41747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}