Tuesday, December 18, 2018
'Oxford Brookes University Bsc in Applied Accounting\r'
'I bequeath delectation this cover writing oopportunity to practice and practic bothy implement my acquisition in evaluating handicraft and monetary performance of a caper which spreads its activities from one continent to another. 1. 3 Reasons crumb choosing X& angstrom;Y For me and for my familyÃ¢â¬â¢s array wishs I ground X& axerophthol;Y as a better repose to buy as it sells better and fashionable cloths at lower expenditure. But, this is not what attracted my attention. I got interested on X&Y because in this epoch of recession and money crisis while all last street giants struggling to survive I found X&Y continuing to on the loose(p) mod stores in different locations in every few months.Not only that, Inter sword class-conscious in their a la mode(p) 2009 root X&Y as the worldÃ¢â¬â¢s 2X no. brand with 11% increasing brand value from last stratum to 15,375m USD. Last year X&Y was stratified number 2X. X&Y is in the top position as a high street app bel brand. It seems X&Y is becoming more popular and then mearns greater market. 1. 3. 1 X&Y history Present is the result of history; I always enjoy it so decided to imagine back where everything truly begun. A former Swedish gross salesman, named Exxx Pxxxx, discovered an amazing array retail supposition during his trip to the United States.He noticed high turnover tolerate be achieved by lowering the sales price. After came back home; in 1947, he opened a store exclusively for womenÃ¢â¬â¢s clothes in Vxxx, Sxxx. He named the store Ã¢â¬ËXÃ¢â¬â¢. Swedish for hxxx. In 1968 Exxx Pxxxx brought menÃ¢â¬â¢s judgment in his retail store and changed its name to Ã¢â¬ËX&YÃ¢â¬â¢. He continued to impart new concepts like clothing for children, young people, stylish people and sportive people. To stimulate growth in home and abroad, X&Y went creation with a listing in Sxxxx Stock commuting in 1974.X&Y started its business apply conce pt Ã¢â¬Ëfashion at low priceÃ¢â¬â¢ alone later developed to Ã¢â¬Ëfashion and reference at best priceÃ¢â¬â¢ The Pxxxx family still 4 holding the largest sh atomic number 18 of the company stock, leaving take hold securely in the familys hands. 1. 3. 2 X;Y at present day Ã¢â¬ËBefore you can really start setting fiscal goals, you need to determine where you stand fiscally. Ã¢â¬â¢ Ã¢â¬ Bach, David X;Y is a rapidly growing business. Every year it is consumption its market, i. e. stores, steadily. According to X;Y annual bailiwick 2008; by the end of financial year 2008 X;Y meeting had 1,738 stores globally.In the year 2008 X;Y opened 216 stores worldwide and entered in five new different markets (Japan, Egypt, Oman, Bahrain and Saudi Arabia). In 2009 X;Y sort come forward planning to open 225 new stores. though X;Y generally provide clothing at competitive price but they too have PST range which offers exclusive and expensive clothing collection. Around 73,000 empl oyees helping X;Y to imbibe and grow. Source: X;Y Group yearbook Report 2008 1. 3. 3 Business to compare I was thinking around which organization I shall call for to compare.I browsed with websites of top clothing retailerÃ¢â¬â¢s e. g. Primark, Gap, Topshop, and Zara. 5 Then I found Inditex Group (owner of Zara) as the nigh appropriate business for relation with X;Y Group as, in harm of revenue, Inditex is the top largest clothing retailer in the atomic number 63 and X;Y is the second. Though clothing ranges of Inditex main(prenominal)ly includes high priced items unlike X;YÃ¢â¬â¢s main ranges but both of them highly expended their work beyond their originate country. Inditex have 4,430 stores in 73 countries while for X;Y the number is 1,738 in 34 countries.Inditex Group includes fashion brands Zara, Massimo Dutti, Pull and Bear, Bershka, Stradivarius, Oysho and Uterque. Zara is the most popular brand among others of Inditex Group. Interbrand, in their year 2009 tale, ranked Zara in no. 50 according to brand value (6,789m USD) while X;Y ranked number 2X with 15,375m USD brand value. 1. 4 Aims and objectives The aim of this look for and analysis project is to establish an evaluation of the business and financial performance of X;Y Group based on financial reports, comments and projections made by board members and using the views of other stakeholders.My project provideing evaluate the financial performance of X;Y over financial year- final result 2006 to 2008 and assess its hereafter prospect. stinting decisions taken by stakeholders are highly drug-addicted on the financial performance of the relevant company. Now-a-days stakeholders are getting more and more interested on managementÃ¢â¬â¢s performance and internal control. counselÃ¢â¬â¢s ability in pickings effectual long-term decisions is very important as taking efficient short-term decisions. Shareholders are concerned just about(predicate) short-term return e. g. ividend and s hare price but they are in like manner very concerned about managementsÃ¢â¬â¢ plan on future growth, expansion, roadmap on how to involve with judge or not-expected adverse conditions. I will use various rations e. g. profitability ratios, efficiency ratios, investing rations during my report writing process. In addition, I will do SWOT analysis, as it is a identify 6 instrumental framework to assess the boilers suit business position, to identify the strength, weaknesses, threats and opportunities for X;Y. 2. INFORMATION As this report is the first of its kind I am doing so I had to start from the very beginning.I had to sympathize what font of report I was going to do, what type of format I shall use, how can I profit selective information and how can I use those in writing this report and on above all of these where will I puzzle relevant information. I discussed about the report writing techniques I shall use and information artificial lake I shall use with my of age(p) and fellow sstudents who already wrote this type of report for their university degree. I attended an introductory meeting in Ã¢â¬Â¦Ã¢â¬Â¦ where Mr Ã¢â¬Â¦Ã¢â¬Â¦ gradeed out possible ancestors of information.I browsed through websites of X;Y and Inditex. I downloaded and printed out the annual report of last tercet years. I also read through the death chairÃ¢â¬â¢s report and CEOÃ¢â¬â¢s report to understand business and financial performance from their point of view. I also read through newsprint reports on X;Y and Inditex. I utilise Google search engine and Yahoo Finance to find out news related to these two businesses. 2. 1 Source of information I divided my beginning of information in two groups; primary source and secondary source.As far as this business and financial performance report concern I really not necessarily had to collect information through primary source. More importantly, the secondary source of information was so sthrong that it made using pri mary source insignificant. The main sources I used during preparation of this report are as follows: 7 Published financial statements of X;Y Group and Inditex Group (Year ending 2006, 2007, 2008) I found financial statements as the main source of information as this gives us the financial knowledge of the both companies and very relevant to my chosen topic area.But, more importantly financial statements are audited by independent auditors and provides high level of toast and great deal of reliability. Chairman, CEO and Directors statements These statements gives information which highlights business performance, i. e. specific areas where the business done well or areas where business is finding difficulties. These statements also give future strategies and plans business willing to and going to adopt and implement. These statements also ensure stakeholders on business plan on how they will adopt or eliminate expected or unexpected risks.\r\n'