The short and long term financial strategy of a listed company of your Essay

The short and long term financial strategy of a listed company of your choice - Essay Example The impression gained by lenders and investors have a direct bearing on the movement of stock prices of a company and, as is commonly known, any downward movement of stock prices immediately generates negative sentiments in the market that have a direct adverse effect on the goodwill of the organization (Arnold 2005). No organization of repute can afford to accept a smear on its goodwill as that has a very great impact on its turnover and profitability. Moreover, a company that does not have goodwill in the market is very rarely is able to gather funds from the market when it is need of it and always has to struggle with high interest rates that it has to pay if it wishes to borrow from commercial banks or institutional lenders. Thus, this report is of vital importance to any corporate entity as it can make or mar its future. To prevent any manipulation of figures, authorities all over the world have made it mandatory that such accounts must be vetted and audited by statutory auditor s and submitted to registrar of companies in prescribed formats (Pike and Neale 2009). This assignment examines in detail Annual Report of Accenture and draws important and vital conclusions about the company. Accenture – background details of the company (Oliveira 2008) Accenture is a global management consulting company that has firmly established itself in the Fortune 500 list of companies. It was in 394th position in 2007 and has steadily gained since then in stature and prominence in the global competitive arena as it became a force to reckon with in the field of technology and outsourcing services. This company has a rather checkered past as in its earlier incarnation, Anderson Consulting, it got inextricably smeared in black as the Enron scandal unfolded with all its murkiness and deceit. So before the company went for initial public offering in 2001 it had changed its name to Accenture to get rid of an unenviable past association. This company is an acclaimed global s ervice provider having a highly decentralized organization structure and services clients of international repute and global footprint in areas of increasing productivity, turnover or returns on capital employed. In order to serve a worldwide client base the company had no other option but to decentralize its operations and that is evident when one comes to know that it operates from more than 150 locations in about 50 countries. The company, like most other service providers, values its human resources as its most productive asset and goes to great lengths to maintain it properly. With more and more companies investing heavily in Information Technology to cut costs and increase productivity, one of the core businesses of Accenture has become IT consulting. This is a highly competitive market and the only way to survive and stay ahead of competition is to continuously innovate and provide cutting edge solution to clients especially with competitors as Cap Gemini SA and Atos Origin h eavily breathing down Accenture’s neck. Accenture has also built corporate alliances with other leaders as SAP and Oracle and also formed a joint

Comparison and Contrast of the Story of Joseph in the Bible and the Essay

Comparison and Contrast of the Story of Joseph in the Bible and the Koran - Essay Example The Koran and the Bible present similar accounts only for Joseph and Moses, whereas they widely differ in accounts of Noah, Abraham and Jonah. The story of Joseph has the main basic theme, but some of the details presented differ in some ways. The Biblical story of Joseph is presented in detail, whereas the Koran presents a broader version. The paper will analyze the differences between the two stories. These are discussed in detail; 2. The Dreams In the Bible two dreams are mentioned. The first dream is of sheaves that bow down to Joseph’s sheaf. The second dream mentions eleven stars, the Sun and the Moon bowing down before Joseph. The Koran mentions only one dream which is the second dream. There is no mention of the first dream. Furthermore, both versions vary in accounts of Joseph telling his father Jacob about the dreams. In the Koran version Jacob advised Joseph to keep the dream to himself and not tell his brothers. Jacob seems to understand the meaning of the dream an d understands that Joseph has been selected by God and may possess special knowledge to interpret dreams. As per the Koran the reaction is as follows: â€Å"My little son! Relate not thy vision to thy brothers, lest they concoct a plot against thee: for Satan is to man an avowed enemy! Thus thy Lord choose thee and teach thee the interpretation of stories and perfect His favor to thee and to the posterity of Jacob† (Sura 12:5-6). He believes the dream to be true. Whereas, as per the Biblical account, Jacob seems unsettled and keeps the dream under consideration that it may come true. 3. Cause for Hatred The Bible has explained the cause of hatred of Joseph’s brothers. Joseph shared his dreams with them. The brothers are jealous of his dreams and that he has been granted higher position and respect. Other reasons explained also include more affection of Jacob towards Joseph since he was born to him in his old age. As per the Bible, â€Å"because he had been born to him in his old age† (Gen 37:3). Furthermore, Joseph also brought his father bad reports about his brothers. Apart from these reasons, signs of favoritism are shown towards Joseph from his father. This specially includes the colored shirt given to him. The Koran on the other hand does not mention any colored shirt, though the favoritism is the only cause explained for the hatred of his brothers for Joseph. 4. Sending Joseph with his Brothers The Koran mentions detail account of Jacob not trusting his sons. They ask permission from him to take Joseph along with them. The Koran mentions this part in a way that Jacob had knowledge of enmity that his sons were against Joseph and their intentions were not good. He was worried but allowed his sons to take Joseph along with them after some pressure and pleading. This account is not mentioned in the Bible. Furthermore, the plan to kill Joseph or to get rid of him was not premeditated as per the Bible, whereas, as per the Koran this comple te activity was planned before and the permission to take Joseph along with them was a part of this plan. 6. Selling Joseph Both the books have account of Joseph being sold into slavery. The Bible has detailed account in this act. Though, the plot is the same that Joseph was sold to a caravan headed