JB Hi-Fi Limited is a retailer of hi-fi equipment that was established by John Barbuto in 1974 in Australia. In 2000, the company was purchased by private equity bankers, with the aim of expanding the company nationally. They went public in 2003 and the company’s shares were floated on the Australian Stock Exchange.
The public company, JB Hi-Fi, is a reporting entity which is defined in SAC 1, as those that are expected to have users who depend on the entity’s general purpose financial reports for information that will be useful for making and evaluating decisions about the allocations of scarce resources. SAC 1 provides three main indicators to identify whether JB Hi-Fi Limited is a reporting entity. Firstly, the separation of management
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These main users are then outlined by Hoggett (pg. 10) which may include those such as creditors and investors, who provide the resources to assist the operation and functionality of a company. Also consumers who are the recipient of their goods and services, future employees who may wish to seek information on the company’s future prospects and social and environmental involvement in the wider community. Other external users may use JB Hi-Fi’s annual report when making decisions on whether to grant financial credit or if they are complying with tax laws and have been following other regulatory …show more content…
a computer, is lower than its net realisable value (the estimated selling price). This is because in the notes of the Balance Sheet under Inventories it states, “Inventories are stated at the lower of cost and net realisable value.” The Plant and Equipment asset uses an alternative method which is cost minus accumulated depreciation minus impairment (when companies compare the market value with the value written down). Impairment is only used when the company feels necessary. Lastly Intangible assets, JB Hi-Fi use an alternative method which is cost minus accumulated impairment. For example JB Hi-Fi in New Zealand cost 14.7 million in 2016 but due to impairment charges in the current year it cost
This narrative is to document the process to record equity in the financial statements. Gibson Energy ULC currently is not a publicly traded corporation and is a wholly owned subsidiary of Gibson Energy Holding ULC who is an indirect wholly owned subsidiary of R/C Guitar Cooperatief U.A., a Dutch co-op owned by investment funds affiliated with Riverstone Holdings LLC. As a result, the risks associated with recording share activity is low due to limited transactions and the process to record Share Capital is covered under the sub-process ‘Journal Entries’ documented in the Corporate Reporting Process Narrative. This narrative is focussed on Contributed Surplus, which currently is an Equity Incentive Plan (Stock based compensation).
If we refer to products, people often take them as the things we get from suppliers with a price. Apparently, this is a definition from the perspective of exchanges and does not quite catch the essence of the meaning of product in the marketing discipline. In this regard, Rothschild (2009) offered a probably better definition for products as a bundle of benefits for customers. This definition also offers an important perspective for JB Hi-Fi to understand its products. Because after all, JB Hi-Fi is only a retailer and all its home theatre products are sourced from their manufacturers. If JB Hi-Fi only sees its products as the tangible parts, it may miss out the very important parts of the competition. However, if JB Hi-Fi sees the product as a bundle of benefits it can offer to its customers, the tangible part is only part of this bundle. There is much more for JB Hi-Fi to offer to improve the benefits to customers, and at the same time differentiate itself from its competitors.
Sirius XM Canada has to address several problems that arose from their merger before they can successfully become a combined company. The first problem is not having a unified management structure ready to support the Combination Transaction. A second more pressing problem is the conservative approach on proposed synergies. A third problem has to do with the marketing expenditures and how to effectively manage distribution and sales strategies. Lastly, a fourth problem is creating a solid financial strategy that can generate anticipated cash flows and liquidity. However, of these four problems, not achieving successful synergies across all functions and departments is the most important. If the new company is able to achieve such synergies,
Valuation refers to the procedure of converting forecast into an estimation of company assets or equity value. The four available models have been used to for JB HI-FI are including the discounted dividends (DDM), discounted abnormal earnings (RIM), discounted abnormal operating earnings (ROIM) and discounted cash flow (DCF).
... value, however, depreciation affects such values as operating profit and value of the company’s assets. If the depreciation is ignored, the Net Income calculations will be erroneous.
Sirius satellite radio can be classified as both an automotive audio system and a home audio system. They recently made a home stereo component for their customers so they can listen to their favorite music in their house, instead of just in their car. There is also a walkman component you can take to the gym with you or anywhere you go. Sirius has evolved from just car stereo system to home and personal music devices. I am surprised that it took them this long to create both a stereo and walkman. In my opinion, if they had made the home stereo system and walk man earlier, they might have already had many more customers than they do now.
At the end of the useful life of fixed assets the businesses will dispose, and any amount received from disposal will represent its residual value. This may be difficult to estimate in practice. How ever, an estimate has to be made. If it is unlikely to be significant amount, a residual value of zero will be assumed. The cost of fixed assets less its estimated residual value represents the total amount to be depreciated over its estimated useful life.
One that was presented in the previous paragraph is a shareholder. A shareholder is a person, institution, or company that owns at least one share of a company’s stock. A shareholder is a very important part of a business especially for a public company like Lionsgate. Another user that’s a part of it’s accounting reports is an external auditor. An external auditor conducts an audit while following specific laws or rules of the financial statements of the company. One last user is the Chief Financial Officer (CFO). The CFO is the senior executive responsible for managing the financial actions of the
Satellite radio is a technology that provides a radically new way to listen to radio. XM’s service makes use of advanced satellite capabilities and elaborates terrestrial receiver architecture to deliver a wide array of high quality radio programming nationwide. In early 1998, Robert Acker, director of strategic planning at XM, needs to develop a marketing strategy for this new radio service. There are several decisions that need to be made by the company in order to finalize the business plan. At fist XM needs to decide which of two business models to pursue, whether emphasis should be placed on charging customers a monthly subscription fee, or whether to rely more on earning revenue through advertising. In addressing this problem, management must consider the value that XM radio could propose for different consumer segments as compared with existing modes of radio (AM, FM) and in relation to its sole competitor in satellite radio – SIRIUS. Besides choosing a business model there is also a need to explore how best to approach and leverage manufacturer and channel partners, considering high unknown and high-risk technology. The purpose of this report is to analyze possibilities and outline possible recommendation on strategies for XM Radio. The following areas will be examined:
JB Hi-Fi is also the largest of games, recorded music, DVD music + Blu-Ray, movies and TV shows, all at cheap prices. Everything offered is available in stores as well as online which also adds up a helpful and attractive feature for the customers. They provide all the world’s leading best brands, huge range, cheapest prices, convenient locations, but most importantly genuine personal service from their well experienced and specialist staff.
RadioShack's humble origins began in the 1920s, when Theodore and Milton Deutschmann began by providing radio products and services. Despite the brand name, RadioShack was originally never product-oriented; its business definition was to appeal to hardware hobbyists, helping people complete "Do-It-Yourself" (DIY) projects. The original brand identity of RadioShack revolved around innovation, uniqueness, affordability, and product variety. In the 1960s, RadioShack's CEO (Charles Tandy), stated "We're not looking for the guy who wants to spend his entire paycheck on a
Virgin Radio Dubai is owned by London based, Virgin Group, which has radio channels in many countries around the world such as, Canada, France, Italy, Turkey, and Lebanon. The original Virgin Radio was launched in 1993 in the UK and continues to broadcast until today.
In contrast, the currently existing Australian differential reporting regime is based on the ‘reporting entity concept’ which can be understood as the core element of the Australian financial reporting framework. That means, that one important factor in determining the applica¬bility of the accounting standards is the reporting entity concept. Reporting entities must, regardless of size and legal incorporation status, comply with full accounting stand-ards. In principle, small and large reporting entities are basically subject to the same financial reporting regime.
employed in the building of an FM receiver, whether it be analog, digital or otherwise.
Peasnell, KV 1982, ‘The function of a conceptual framework for corporate financial reporting’, Accounting & Business Research, vol. 12, issue. 48, pp. 243-256, viewed 05 May 2014