Financial Reporting Theory Practice Essay Example | Topics and Well Written Essays - 2000 words

Financial Reporting Theory Practice - Essay ExampleThis essay describes the strategic management guidelines of the Morrisons company that have been developed with regard to analysing and writing up this essay. The goal of an essays analysis is to determine the value of a company as express through its choices of strategy and structure. Firstly, the researcher states that such case analysis of a company is critical that it be systematic. The place of fiscal information is critical in the analysis and presentation of a case study analysis. Awareness of a companys financial position at a given tear in time represents the tangible outcomes of the companys business strategies and structure. In summary, although Morrisons operated at a profit loss at the mid-way of the financial year for 2006, debt was down, team-work had been enhance amongst the company, and International Standards for Financial Reporting had been adopted. The massive changes during the financial year, have tapped into environmental opportunities to be exploited. It is anticipated that revues will increase over the forthcoming year, and future financial terms. It is recommended by the researcher of the essay that Morrisons focus on its alternative fuel sources supply of ethanol. As this leading company sets the standard for other manufacturers it would be in the interest of Morrisons to cultivate its ethanol to increase profits. Also, continued innovation in CSR will ensure Morrisons positive brand image, as well as tailor costs in terms of time, money and employee, and of course, environmental impact.