financial statements based on K-IFRS.
KPMG Samjung Accounting Corporation audited the accompanying non-consolidated balance sheets of KT&G Corporation as of December 31, 2008 and 2007, and the related non-consolidated statements of income, appropriation of retained earnings, changes in equity and cash flows for the years then ended. As presented in the 2008 Annual report, KPMG Samjung suggests
statements.
‘fair level’ : KT&G followed well the standards of IFRS, have adopted them clearly and without problem.
Analyzing the financial statement of KT&G, the accounting policies were following
the IFRS identically, and nearly no exceptions were made.
Under K-IFRS
1. The company has to report consolidated financial statements
2. Revenue recognition
- percentage of co
1.About Hyundai Mobis
Founded in 1977 -> World’s top container producer
Financial Crisis in the late 1990s -> Redesigned itself to auto parts specialist
In 2000 -> Renamed as Mobis and became the biggest automobile parts company in Korea
In 2009 -> Joined with Hyundai Autonet
Mobis’s Vision
“Becoming a Global Top 5 in the automotive parts industry.”
There are four research areas
IAS에서 IFRS로 변경하였다. 2002년 7월 EC는 EU내 상장기업의 연결재무제표 작성시 2005년부터 IFRS 사용을 의무화하는 법안을 채택하였다.
국제회계기준(IFRS, International Financial Reporting Standards)은 국제회계기준위원회가 제정한 국제회계기준서(Standards) 및 국제회계기준해석서(Interpretations)를 통칭한다.
1. Introduction of the project
1) Purpose of project
Through the project, we want to build extensive knowledge about cruise industry and accounting analysis (common size analysis, comparative analysis, and ratio analysis). We believe that the project makes us accounting experts.
Cruise Industry has grown and continues to grow enormously in scale. It is frequently regarded as a small but sig
plans of each selected company).
And then, we are going to analysis Financial statement such as Common-size and Comparative analysis. Also we will analysis Firm performance measure, it will include market-based firm performance measures, accounting-based measures, leverage measures, liquidity measures.
At last, we will make our recommendation for investors rely on our analysis.
financial efficiency of their systems etc. The paper also analyses the benefits and demerits each chain faces as a result of the individual strategy they had adopted. They also analyzed the effect the recent financial recession had on each of the groups and how well or not they were placed to deal with it.
2. General background and current trends of hotel industry
Characteristic
1.1 Company Background
The Hyundai Engineering and Construction Company was first founded by Chung Ju-Yung. And the establishment of Hyundai Motor Company took place a couple of decades later in 1964. In the early phase of the company’s development, it relied heavily on skilled labor forces and technologies in other advanced countries for automobile production. Hyundai Motor Company (hereina
financial statement because we have learned about accounting. We think that we can know the companies’ status or trend through the financial analysis
2. Reason for selecting the industry
The reason we selected the restaurant industry is that restaurant industry is showing improvements and seems poised for long-term growth. A fast-paced restaurant’ chain and high brand in the industry is b