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英国东英吉利大学留学生投资报告作业，对葛兰素史克公司的年报业务回顾其财务报表、企业道德分析，确定客户的投资意向。（你认为在葛兰素史克公司的年报业务回顾其财务报表的使用者提供必要的信息？为什么一个潜在的投资者，如刘健迈耶发现有价值的呢？其他组的用户可能会发现它的宝贵？你相信葛兰素史克公司是一个道德的公司？它是一个负责任的企业公民？提供的证据是什么（或缺乏）在年度报告中，以支持你的意见呢？由葛兰素史克公司面临的业务风险的识别和讨论的主要内容。什么是当前全球金融危机的影响，葛兰素史克公司的业务风险评估？谁是葛兰素史克公司的外部审计师吗？他们将继续审计的公司明年吗？ 2009年葛兰素史克公司收到了什么样的审计意见？ ，用自己的话解释，审计意见是指什么？）
英国作业指导需求UNIVERSITY OF EAST ANGLIA
Norwich Business School
NBS-MA21 INTRODUCTION TO ACCOUNTING AND FINANCE 2010-11
Coursework assignment 1 (35%)
ASSIGNMENT DETAILS
Your client, Mrs Deborah Mayer, is considering investing some recently inherited money in the shares of a major company. She has no previous experience of being a shareholder, nor has she any accounting expertise. Deborah is also concerned that her new-found wealth should not compromise her view of herself as an ethical individual, with high moral standards, and so wishes to be assured that her company of choice observes ethical conduct in its operations. She has identified a company in the pharmaceutical sector, GlaxoSmithKline plc (GSK), as being of potential interest to her. As her financial advisor you are required to prepare a report for Mrs Mayer, advising her as to whether this is an investment you would recommend. You should base your recommendations on information obtained from the company’s 2009 Annual Report as well as accounting knowledge you have gained from your studies to date, and any other useful sources of information you identify during your research.
Your report should address the following:
Prepared in suitable format, with good presentation and structure (10%)
Analysis of annual report (10% for each question)
Do you think the Business Review in GSK’s Annual Report provides essential information for users of its financial statements? Why would a potential investor such as Mrs Mayer find it valuable? Which http://www.ukassignment.org/yingguozuoye/yingguolunwen/other groups of users might find it valuable?
Do you believe GSK is an ethical company? Is it a responsible corporate citizen? What evidence is provided (or lacking) in the Annual Report to support your opinion?
Identify and discuss the main elements of business risk faced by GSK. What is your assessment of the impact of the current global financial crisis on GSK’s business risk?#p#分页标题#e#
Who are GSK’s external auditors? Will they continue to audit the company next year? What sort of audit opinion did GSK receive in 2009? Explain, in your own words, what such an audit opinion means?
Explain GSK’s accounting policy for the treatment of:
a) research and development (R&D) expenditure
b) depreciation of property, plant and equipment
c) inventory valuation
Discuss the implications of each of these treatments for reported profitability.
2
英国作业指导The Annual Report provides some ratios (e.g. gearing) which may help users to analyse business performance. Using the consolidated accounts, calculate FOUR other ratios, and explain why you believe these are useful for a potential investor. You should show all workings and calculate the ratios for 2008 and 2009.
Discuss the potential problems which may arise in trying to compare GSK’s financial performance with that of a key competitor based solely on the financial statements. Explain whether the use of ratios can help to overcome such problems.
Identify one of GSK’s main competitors, and evaluate the relative quality of their 2009 Annual Reports in terms of how informative they are for a potential investor.
In your opinion what are the limitations of GSK’s Annual Report, and what additional information do you believe should be included that is likely to be useful to a potential investor?
IMPORTANT INFORMATION
Your discussion should not exceed 1,500 words excluding references and appendices. You should include the word count on your cover page.
Submission date: by 3.00pm Monday 15 November 2010.
The report should be word-processed in 12pt font, double-spaced between lines, printed only on one side of the page, using black colour for the main text. Put a page number on each page and staple or bind your report.
You should observe the following guidelines for writing a report:
(1) The report should be headed up appropriately, e.g.:
To: Mrs Mayer
From: Financial Advisor
Report title
Terms of reference / Introduction
(2) Main body of report
You should ‘signpost’ your work. That is, you should give section and subsection headings where relevant so it is easy to follow your report. It is recommended that you follow the structure of the questions in completing the report: answers should be in the same order as the questions.
(3) Conclusion and recommendations
Your report should end with a conclusion, summing up your main findings and making your recommendations.
3
英国作业指导Plagiarism is an academic offence. See for details. Answer the questions in your own words. You should not quote extensively from the Annual Report.
You should use the Harvard style of referencing to cite the work of others. A copy of the guide is available on Blackboard.#p#分页标题#e#
When you have finished writing your report, re-read it to check for language mistakes.
Happy writing!
Omiros Georgiou
October 2010
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