Corporate Accounting Essay Example | Topics and Well Written Essays - 2750 words

Corporate Accounting - Essay Example However, in 2013, another company was added to the list of subsidiaries. The reason for conducting the activities under different subsidiaries is to be able to allocate and utilize the resources properly. In addition to that, the company can target the market according to the products and services offered through the subsidiaries. The company can also monitor and evaluate financial performances of the subsidiaries distinctively. Moreover, with the activities distributed under different subsidiaries, the company is able to manage the operations throughout horizontal chain of authority. Had the company conducted all the activities under a single entity, it would have rendered the whole business process extremely complex. 5. No, minority or non-controlling interests have not been reported within Brickworks Limited’s balance sheet or income statement. This is precisely because minority interest is only recorded in case of ownership level of less than 50%. However, in case of Brickworks Limited, it has 100% and 50% ownership over its subsidiaries (Phillips, Libby and Libby, 2011). 6. Minority interest or non-controlling interest can generally be found under the non-current liabilities section of a company’s balance sheet. It represents a parent company’s ownership level of less than 50% over its subsidiaries. 7. Since Brickworks Limited does not have non-controlling or minority interests recorded in its financial statements, I have identified another company that has been assigned to my colleague. The company has minority interest recorded in its financial statements. I had a thorough discussion with my colleague regarding non-controlling interest. The discussion revealed that a non-controlling interest is a position that a particular entity holds over another company which does not give him any power to influence the way the held company is to be managed. This means that their ownership level is considerable insignificant, compared to the total number

The Passionate Shepherd to His Love and The Nymph’s Reply to the Essay

The Passionate Shepherd to His Love and The Nymph’s Reply to the Shepherd: A comparison ‘The Passionate Shepherd to His Love’ was written by Christopher Marlowe. The poem describes a shepherd’s plea to someone he loves urging them to live with him. Marlowe uses imagery to describe the scenery around the shepherd and his love. The shepherd tries to convince her how happy they will be, surrounded by â€Å"mountain yields† and â€Å"groves† in stanza one. Marlowe does not only use imagery in his poem but he also describes the aroma ‘And a thousand fragrant posies.’ He creates a tranquil atmosphere by describing the harmonious sound in the second and third stanzas. ‘Melodious birds sing madrigals.’ In the third stanza the shepherd tells his love that he will give her anything she wants if she lives with him. The shepherd names beautiful clothes in an attempt to persuade her, ‘Fair lined slippers for the cold, With buckles of the purest gold.’ In the fourth stanza the shepherd believes that he has succeeded in convincing his love to live with him. He describes what he believes to be a vision of their future, pulling wool from pretty lambs together conveying a sense of unity. The beginning of stanza five is realistic as the shepherd offers to give his love ‘a belt of straw and ivy buds’. However towards the end of the stanza he says that he will give her ‘coral clasps and amber studs’ which is completely unrealistic as he is a shepherd who would not be able to afford such gifts. In the shepherd’s desperation, he resorts to materialism as he believes this is the only way his love will be returned. The second poem ‘The Nymph’s Reply to the Shepherd’ written by Sir Walter Ralegh is the reply t... ...s beautiful scenery and clothes as a method of persuasion, whilst ‘The Nymph’s Reply to the Shepherd’ tries to express a sense of realism to the shepherd informing him that things do change like spring to autumn and youth to old age. In my opinion ‘The Passionate Shepherd to His Love’ does deserve a reply. After reading the poem the reader assumes that ‘his love’ will go and live with him as he offers her everything she may want. It is quite unpredictable that she would refuse this offer and so the reply gives the story a conclusion. Even though the reader feels empathy for the shepherd as he is prepared to do anything for the nymph, we appreciate the nymph’s point of view that nothing will stay the same forever. Although the poems are both structurally similar, they express contrasting sentiments, a contrast which I feel makes these poems a success.

Tata Motors

TATA MOTORS I. INTRODUCTION Tata Group is an Indian multinational company headquartered MUMBAI, MAHARASHTRA, INDIA. Tata group business is spread across 7 sectors their main sector being steels. Their empire is spread across 6 continents and has its presence in 80 nations. The combined market capitalization of all the 31 listed Tata companies was $89. 88 billion as of March 2012. Tata group gets its major revenue from overseas market contributing 58%. Tata Motors Limited is an Indian multinational manufacturing company. It is a subsidiary of the Tata group.Its products include passenger cars, trucks, vans, coaches, buses and military vehicles. It is the worlds 18th largest motor vehicle manufacturing company, fourth-largest truck manufacturer and second-largest bus manufacturer by volume. In Forbes fortune 500 companies Tata motors occupies 314th position. With the launch of Tata sierra in the year in 1991 Tata motors entered the passenger car segment. Tata Motors acquired the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004 and the British premium carmaker Jaguar Land Rover in 2008.Tata Motors has vehicle assembly operations in India, the United Kingdom, South Korea, Thailand, Spain and South Africa. It plans to establish plants in  Turkey, Indonesia and Eastern Europe. Tata Motors' principal subsidiaries include Jaguar Land Rover, Tata Daewoo and Tata Hispano. Tata Motors has consolidated revenue of 32. 5 billion USD in the financial year 2011-2012. Tata motors have an employee base of more than 55,000 employees. Tata motor is the first Indian company from the engineering sector to be listed in the New York stock exchange. II. SWOT ANALYSIS OF TATA MOTORS LIMITEDSTRENGTHS: 1) Strong domestic presence: Tata has a strong presence in Indian market and it is a key manufacturer of commercial vehicles. It is the leading producer in commercial vehicles in all segment and they are among the top 3 producers in passenger vehicles market. Tat a motor company is India’s largest company with the revenue of 1,233,133 crore in the year 2010-2011. 2) Tata motors not only have the strategy for expansion and acquisitions but also they have the intensive management development program in order to develop the leaders of tomorrow. ) Taste and preference of the consumers in local regions is always taken care of in Tata motors. 4) Tata motors have a long list of product portfolios. It has passenger cars, commercial vehicles, trucks and coaches WEAKNESS 1) Tata motors cars are considered for economy class people and not in luxury car segment. So the company lacks its place in luxury car segment. 2) Though Tata cars are present in worldwide it has created major customer base only in India and its nearby countries like Bangladesh, srilanka, Pakistan. 3) The consumer base is limited to certain areas and certain people. ) Tata cars are not following the safety standards. Their design and the body metal used leads to this types of public image. This is a major concern for Tata. Their major example is their Tata Nano. 5) Tata cars are not for the younger generation consumers. Tata cars design is not been attracted by the people of the younger generation of people. 6) Return on investment in Tata motors shares is very low. 7) Even though they have bought luxury car manufacturers Jaguar and Land rover Tata has not made its strong presence in luxury car segment. OPPORTUNITIES: ) Luxury carmaker jaguar and land rover has added a greater advantage to its product portfolio. 2) Tata has a major support from the Indian government. 3) High market demand for the passenger car segment with low price. 4) The world is geared up for the greener revolution and there is a huge market for alternate fuel vehicles. THREATS: 1) Tata cars safety standards can lay down the public trust on their varied portfolio of cars. 2) Other car companies are there for more than 40 years so Tata should learn the production and quality from othe r car manufacturing vehicles. ) The economic conditions of the world countries. The downfall of the economic conditions and the constant fluctuations in the currency rates 4) For a low cost producer sustainability and environmental causes would be a greater concern. 5) Rising cost in the global economy for the steel and raw materials for the production of car can increase the cost of production of car. Most of the cars manufactured by Tata run on Diesel and cost of the Diesel is also increasing around the world and also in home country. GROWTH STRATEGYTata motors growth strategy is to have a position, which is not easily taken up by other competitors in the domestic market, and to expand its market to other countries by 1) Leveraging in house capabilities 2) Through strategic acquisitions and mergers to have a added advantage of their capabilities. In the year 1984 Tata Motors launched Light Commercial Vehicle. In the Year 1996 SUV (sierra) was launched by Tata. In the year 1998 Tat a launched its First passenger car. In the year 2004 Tata acquired Daewoo a Korean company. In the year 2005 Tata Acquired in Hispano, SpainFormed an industrial JV with Fiat, JV in India with Marco polo of Brazil, JV in Thailand with Thonburi In the year 2007. Acquisition of JLR took place in the year 2008. ACQUISITIONS AND JOINT VENTURES: TATA MOTORS AND MORCOPOLO; Tata formed a 51:49 Joint venture With Brazil based Marcopolo for manufacturing of Buses. Targeting mass rapid transportation this joint venture between Tata and Marcopolo manufactures and assembles fully built buses technical know – how support from Tata and process and Body design from Marcopolo. TATA AND FIAT: Tata formed a 50:50 JV with Fiat.With that Joint venture fiat supplied their Engines to Tata cars and Tata motors took care of selling Fiat cars through their dealers. ACQUISITIONS: TATA – DAEWOO Tata motors acquired Daewoo commercial vehicle of South Korea in the year 2004. The reason behind the a cquisition of Daewoo was to reduce the too much exposure in the domestic market and to expand Internationally. The acquisition of Tata and Daewoo lead to the 2nd largest manufacturer of Trucks in South Korea. TATA- HISPANO: In 2005 Tata motors acquired 21% of stakes in Hispano which lead to an opportunity in fully built bus segment.Hispano is European bus manufacturer. In 2009 it acquired the remaining 79% of the stakes by making Hispano their fully owned subsidiary. JAGUAR LAND ROVER: IN the year 2008 when the ford motor company sold JLR to Tata motors it JLR became the wholly owned Subsidiary of Tata motors. Thus by acquiring JLR Tata motors made its foot print in the luxury car segment. It was also one of the greatest acquisitions. It increased the diversity of market segments and their product portfolio. It created a great opportunity for Tata to enter into to Luxury segment with the world’s iconic brand.MARKETING MIX OF TATA MOTORS: 1) PRODUCT: Tata has a wide variety of vehicles placed in different segments. It has vehicles for commercial purposes, Passenger vehicles and in defense sectors also. They have the product placement in all the segments. 2) PRICE: Tata motorcars are generally affordable. Tata motors are targeting the middle-income class of people. Their cars are generally affordable and their service cost is also affordable when compared to the other car manufactures in India. They also manufacture the world’s cheapest car (Tata Nano).They also target the High-income group of people with the acquisition of JLR. The vehicle should not be priced high from other competitors and it should not be priced too low. 3) PROMOTION: a) Personal Selling: Advertising and after sales service is the main promotion strategy of Tata Motors. The basic aspect of advertising is to how you tell the message and what is the medium to tell message. Personal selling is more of in Tata Motors. With the customers who are in the intention to make a sale Tata motors dealers do a personal talk with the customers. b) Trade Fairs and Exhibition:Trade fairs and Exhibitions can promote their new concepts and they can introduce their new vehicles. This type of fairs will get a worldwide attention and recognition for their new models. Auto expo will be a meeting for both the consumers and for the trade. This will increase the awareness among the consumers. c) Sponsorship: It is that Tata motors will be associated with some sports events or events. This will help the Brand to get recognition among the persons who is associated with those events. Tata motors are sponsoring a football game in Spain. d) Advertisements:To create more awareness among the consumers Television Advertisements is also used. Radio advertisements are done to create awareness among the rural consumers. For detailed information print media is also concentrated. DISTRIBUTION OF TATA MOTORS: DMS Technology is used for efficient coordination between the dealers who are spread w orldwide. Apart from distribution networks it has also distributed its manufacturing units in various countries apart from India. Tata motors have assembly units in Brazil, Bangladesh, Thailand, and South Africa. Supply Chain excellence is one of the major success factors for Tata motors.Tata motors distribution and logistics part of the business is outsourced to Tata motors Distribution Company limited (TDCL) that is the wholly owned subsidiary of Tata motors to keep their distribution costs minimum. Through this Tata motors is reducing at least 1% of their distribution and they can concentrate on their core business. TDCL delivers the right product in right time and in right place, which in turn offered flexibility for Tata Motors. Supplier relationship management program and dealer management system bound the suppliers and dealers. Time to time reviews of these programs ensures the program work effectively.Importance is given for supplier coverage and transaction within the organ ization. FINANACE STRATEGIES OF TATA MOTORS: Financial loss in the year 2001 was really a shock for the Tata Motors. It was caused by the reduce in demand for their Truck segment and heavy Investment for their entry into passenger car segment caused them heavy loss for Tata Motors. It caused a 110 million $ loss to the Tata motors. So in 2001 Tata motors decided a 3-phase recovery process each phase is for 2 years totally the process is for 6 years. PHASE 1: To stop the bleedingPHASE 2: To consolidate the position in the Indian market. PHASE 3: To operate Internationally. For phase 1 the key objective was to reduce the Break-even point and to move into market pricing which was the technique of cost reduction. Benchmarking its rivals is also a cost reduction technique. E- sourcing is new to India when Tata went into it. But today Tata is the largest company using e- sourcing and it is leading in the automobile industry. E- sourcing is a faster way to conducting Tenders in online. E- sourcing reduced the Break- even point to one third from two third of their utilization of capacity.The company would be even more profitable when the size is reduced to even 60%. This ensured the bleeding of the company is stopped. For phase 2 to make the product more competitive in the market they improvised in the quality of the product and new product was introduced in the market they would be required by the market for another three to five years. By tightening the credit norms and by improving the liquidity and by new sales planning process and by increasing the profitability of dealers they can strengthen their market place.For phase 3 Tata motors started to identify the international market where there is more potential and where they can earn more respectable market share. â€Å"Tata motors sales (Including Exports) Commercial and passenger vehicles = 71,826 as of august 2012 From the year 2011 to 2012 it has increased by 12% Domestic market Commercial and passenger market = 67,453 as of August 2012 59,874 as of august 2011 It has increased by 4% â€Å" http://www. tatamotors. com/media/press-releases. php? id=783 â€Å"

Analysis Of Our Divided Political Heart By John F....

â€Å"Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future,† quoted by John F. Kennedy at the Loyola college alumni banquet. E.J. Dionne is a political journalist and commentator for The Washington Post also a University Professor in the Foundations of Democracy and Culture at the McCourt School of Public Policy. In Dionne’s book, â€Å"Our Divided Political Heart,† he talks about how American citizens cannot agree on who we are because we cannot agree on whom we have been. The American custom, Dionne expresses, points not to be self-sufficient and selfish, but to even out our compassion of individual freedom and our loyalty to the public. Understanding of our nation’s history, Dionne shows an insightful examination of how self-reliance is toxic to our present political ambience. He participates the Tea Party’s involvem ent with American history, but also shows it’s catastrophic past while supporting the Wall Street movement in America’s public and Populist traditions. Dionne asserts that the American past has continuously been described by friction between the basic morals of individualism and community. Americans have treasured liberty, independent opportunity and self-individualism and still maintaining the significance of the general public’s duty and civic morality. The founders indicate these morals as liberalism and republicanism, and the attemptShow MoreRelated My Friend Hamilton -Who I shot Essay6642 Words   |  27 Pagesthese two prominent American statesmen confronted each other on the Plains of Weehawken. What circumstances or events could have motivated two of the most brilliant political minds in America to endanger their lives and reputations by taking aim at each other on that dismal day? 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