ipl-logo

Naspers Limited Project Essay

1010 Words5 Pages

Naspers Limited Project
1. The three main users of financial statements include:
Prospective investors use financial statements to assess whether or not investing in a company. They predict future dividends by looking at disclosed profit in the financial statements and can judge how risky a business is by fluctuating profits.
Lenders and Other Creditors (institutions like banks and other lending institutions) use financial statements to decide whether to help the company with working capital or to issue debt security to it.
2. The three committees established by the board are the Audit, Nomination & Governance and Compensation committees. The audit committee is charged with the oversight of financial reporting and disclosure. A nomination committee …show more content…

An executive director is a member of the board of directors who is also an employee. They will have a specific role such as finance director and as such be responsible for the day to day running of the company. A non executive director is a member of the board who is not an employee but on the board for his/her expertise and takes a part in decision making at board meetings.

All the rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders, management, customers, suppliers, financiers, government and the community.

The King (III)
4.

The purpose of an audit is to provide an objective examination of the financial statements, which increases the credibility and value of the financial statements produced by the company. It therefore increases user confidence of financial statement, reduce investor risk and consequently reduce the cost of capital of the preparer of the financial statements.

The statements were audited by PwC.

5. MWEB, MNet, Kalahari.com and MultiChoice

Groupe Canal+ and they produce Canal+ which are premium and theme channels.

6. There are 415 540 259 ordinary shares in

Show More
Related

  • National Honor Society Essay

    478 Words  | 2 Pages

    It is an honor to be nominated for the National Honor Society. The fact that I was nominated proves to me that all of my hard work and dedication has not been for nothing. The National Honor Society is known for recognizing students who strive to achieve their best not only in school but in themselves and the community. I believe that I’m one of those students. Based upon my last two year at Matawan Regional I now have a 3.9 GPA and am ranked in the top 20% of my graduating class.

    Read More

  • Wgu Audit Task

    529 Words  | 3 Pages

    Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true and fair profit & loss account and balance sheet to be prepared. At the end of the accounting period, a physical stock-take should be made to ascertain the quantity and the cost of the stock in hand or the cost of work in progress statements and

    Read More

  • Nt1310 Unit 4 Essay

    73 Words  | 1 Pages

    1. Students are expected to score an 85% or better on their Unit 4 assessment scheduled for 10/28. 2. Teachers are utilizing various strategies to ensure students comprehend the writing process and the traits of writing as it pertains to writing an argument. 3.

    Read More

  • AICPA Legacy Scholarship Essay

    839 Words  | 4 Pages

    I can simply answer because I want to be a hero. In my opinion, an auditor is a dark knight that saves the world secretly and silently. An auditor has to commit to do his job professionally as well as ethically. As a matter of fact, there have been many corporate and accounting frauds, such as the WorldCom scandal in 2002 and the Madoff Ponzi scheme in 2008,

    Read More

  • A & P Theme Essay

    668 Words  | 3 Pages

    The theme of a story is a very important factor when depicting the impact the story has. Theme of a story is the comprehension of general message or idea that is conveyed throughout a literary work. As a story progresses the theme is often conveyed regularly and emerges in varied ways. Sometimes a story can have more than one theme portrayed within it. In the story “A&P” there is more than one theme present in the story.

    Read More

  • Letter To Your Naw Case Study

    123 Words  | 1 Pages

    Hello Dr. Pressey, That is a great analogy on the auto-correct feature as compared to tech toys. (Yes, I definitely know of Howard Cossell ). Your “NAW” example would have definitely been frustrating for me – since the acronym had little or no relevance to the request. I can definitely relate to your last sentence about grabbing pencils and paper. True story: My son came to one evening and stated he could not compete his schoolwork because the battery in the calculator was bad (dead).

    Read More

  • Tesco Accounting Report

    1656 Words  | 7 Pages

    Also many companies reporting related to the state of the value added or environmental information, these are concentrated in industrial sectors. The financial statements reflect the financial position of company, financial performance and cash flows of the company, it is significant to note that the correct depiction of the impacts of transactions and other events and circumstances according to the explanations and criteria identification of assets, liabilities, income and expenses go in the same outline (Brealey,

    Read More

  • National Honor Society Application Essay For Nhs

    599 Words  | 3 Pages

    As a student at Catalina Foothills High School, I believe I have lived up to the tenet of service and display ideals that the National Honors Society seek for in a student and citizen in society. If I am granted membership into the society, I believe I can contribute my qualities to the community as a member of Catalina Foothills National Honor Society and demonstrate the highest standards of behavior to represent our school honorably. To begin, I would like to establish the importance school and grades plays in my life. As of freshman year, my GPA has been a 3.8, but it constantly continues to grow and improve. My grades are a top priority in my life, because I’m aware that in order to succeed in life you need to be knowledgeable of how the world works.

    Read More

  • Hcs/531 Week 4 Health Care Paper

    1417 Words  | 6 Pages

    When being placed in the role of a manager, it is important to understand the finances of the organization and how to read and understand the recording of finances. It is also important to understand how all the different parts of the records fit together to give us the knowledge of where the business is financially. Knowing also the different responsibility centers related to financial recording and how they function is important as a manager. Once a manager understands what and where items belong on a balance sheet, they will better understand the state that the business is in. “It provides you with a picture of the financial health of your practice or organization on a certain date.”

    Read More

  • Nt1310 Unit 2 Business Essay

    368 Words  | 2 Pages

    Document A Businesses went from low income friendly to high-income friendly. Low-income housing decreased in Woodward from 1995-2012 -Social housing increased from 1995 to 2012 It would have been better to live in Woodward in 1995 because the properties are low income friendly and more people have the opportunity to live there. Many people in Woodward in 1995 would be put in the stereotype that low-income people are committing crimes Gentrification is not okay because many people in the world have issues with finances.

    Read More

  • Essay On Pro Forma

    552 Words  | 3 Pages

    Traditionally, pro forma earnings are lampooned as “earnings before the bad stuff”, which are lower than the figure according the GAAP. Companies may present to the public their earnings and results of operations on the basis of methodologies other than GAAP. And this presentation in the earnings release is often referred to as “pro forma” financial information. Many companies were thought to be using pro forma figures not only to exclude one-time charges, but also to strip put recurrent costs and other elements that they claimed concealed their “true” performance. “Pro forma” financial information can serve useful purposes.

    Read More

  • Protiviti Case Study Examples

    1164 Words  | 5 Pages

    An IT audit is the examination and evaluation of an organization's information technology infrastructure, policies and operations. Information technology audits determine whether IT controls protect corporate assets, ensure data integrity and are aligned with the business's overall goals. 1.2.2 Objectives IT audit objectives concentrate on substantiating that the internal controls exist and are functioning as expected to minimize business risk. These audit objectives include assuring compliance with legal and regulatory requirements, as well as the confidentiality, integrity, and availability.

    Read More

  • Essay On Fiduciary Duty

    1765 Words  | 8 Pages

    Fiduciary duty: A fiduciary duty is a legal obligation to act in the best interest of a client or broader corporate entity. It sets the expectation that directors and officers place the interests of the firm over their personal interests. Business judgment rule: The business judgment rule lays out two requirements for directors and officers: that they uphold the duty of care and the duty of loyalty.

    Read More

  • The Importance Of Accounting In Personal Finance

    748 Words  | 3 Pages

    Describe the three products of accounting and bookkeeping procedures that are most useful in personal financial planning. In personal financial planning, the three products of accounting and bookkeeping procedures that are most useful are the; income statement, cash flow statement, and the balance sheet. Income statement: The income statement summarizes income and expenses for a period, and also shows the

    Read More

  • Role Of Corporate Governance In Nestle

    1346 Words  | 6 Pages

    As stated in Principle 1, The Board of Directors directs the Group’s risk assessment, strategic planning, succession planning and financial and operational management to ensure that obligations to shareholders and other stakeholders are understood and met. The board of directors has a collective responsibility for the management of the group to make sure the group is on the way to approach to their objectives while the non-Executive Directors are responsible for bringing independent judgment and scrutiny to decisions taken by the Board of Directors and providing objective challenges to management. Besides, the board of directors also function as formalising and adopting a set of Code of Ethics through the Code of Conduct as Recommendation 1.3 as stated in the Malaysian Code on Corporate Governance 2012 to make sure its compliance, establishing an appropriate set of corporate disclosure policies and procedures and ensuring a whistleblowing mechanism is in place. The Board of Directors recognizes the importance of independence and objectivity in its decision making process. The Directors are professionals of high calibre and integrity and possess in-depth knowledge and experience of the business to enable them to discharge their duties effectively.

    Read More

More about Naspers Limited Project Essay

Open Document