Sunday, June 16, 2019

Cost and Management Accounting Essay Example | Topics and Well Written Essays - 1750 words

Cost and Management Accounting - Essay ExampleIn 2006, Britvic sold 1.4 billion liters of soft drinks in hundreds of incompatible flavours, shapes and sizes and delivers to over 4,000 customers and approximately 200,000 points of distribution. This explains the wide customer network of Britivic revealing the companys excellence in production and service capabilities.Britvic has the instilled pride to produce more soft drinks brands in its portfolio than any other UK manufacturer. This provides an insight on the effective branding strategies and promotions followed by Britivic and the effective business planning of the companys management.The company has approximately 2,700 employees based either at our main offices in Chelmsford and Sol hull or at one of seven factories and network of depots around the country. This portrays the human resource capability and strong local anesthetic presence in the soft drinks market.The corporate culture of Britivic provides an amicable atmosphere f or all the workers who feel great working for the company.Britivic promotes excellence and initiative and encourage the employees to be passionate about our brands and their roles.Accounting policies of Britivic Source Balance sheet data of Britvic (2007)InvestmentsThe Company recognizes its investments in subsidiaries at cost less any provisions do for impairment.Interest bearing loans and borrowingsBorrowings ar stated at proceeds received less any unamortized issue cost.Issue costs of loansThe finance cost accept in the profit and loss account in respect of capital instruments is allocated to periods over the terms of the instrument using the effective interest method.Borrowing costsAfter initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest method. All borrowing costs are accept as finance costs in the profit and loss account in the period in which they are incurred.Foreign currenciesThe foreign c urrency transactions are recorded at the date of transaction referring the ruling rate at that instance. Foreign currency denomination of assets and liabilities will be translated on the theme of exchange rate as depicted in the balance sheet and balance sheet date will be used. All the noticeable differences are updated in the profit and loss account of balance sheet.Issued share capitalOrdinary shares are classified as

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