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Open AccessArticles
by Hanxu Yu
2023,5(1);
561 Views
Abstract
This article provides a comprehensive comparative financial analysis of HSBC Holdings, Royal Dutch Shell, and Unilever between 2017 and 2021. Utilising financial ratios, the analysis enc ompasses liquidity, profitability, and market value assessments. Over the five-year period, all three companies demonstrated increasing liquidity positions, with HSBC Holdings outperforming its peers. Profitability analysis revealed Royal Dutch Shell's consistent net profit margin and returns on assets and equity, while Unilever displayed progressive profitability growth. In terms of market value, HSBC Holdings and Unilever experienced remarkable increases in earnings per share, while Royal Dutch Shell maintained stability. The article concludes with investment recommendations favouring all three companies for income-oriented investors, due to their strong financial performance and attractive dividend yields.
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Open AccessArticles
by Shijian Dang, Meiting He
2023,5(1);
208 Views
Abstract
CoVID-19 is raging around the world, leading to economic recession and difficult business conditions for foreign trade enterprises. If foreign trade enterprises want to have sustainable competitiveness in the international market, it is one of their important measures to accurately calculate and control commodity cost. This paper first analyzes the problems existing in the cost management of foreign trade enterprises and the necessity of applying activity-based costing in foreign trade enterprises. Then, taking KAPT foreign trade company as an example, the ABC calculation system was designed according to its business characteristics, and the actual cost in March was calculated and analyzed by using the ABC calculation system. Finally, according to the results of calculation and analysis, some Suggestions on cost management and control are put forward. This paper has reference value for foreign trade enterprises to apply activity-based costing.
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Open AccessArticles
by Dian Li
2023,5(1);
198 Views
Abstract
Taxation is an essential source of national finance, and tax administration has a significant impact on the development of the country and the reform of the economy. Tax administration should follow the changing situation of the national economy, so that it can be adjusted continuously. The tax administration of public hospitals is related to the national economy and people's livelihood, so it must be paid attention to and emphasized. In this paper, we analyze the current problems in the tax administration of public hospitals, and make suggestions to strengthen the tax administration of public hospitals, so as to help the tax administration of public hospitals to be carried out smoothly.
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Open AccessArticles
by Silan Liu, Jiasheng Song
2023,5(1);
223 Views
Abstract
At present, more and more enterprises in China have launched restrictive stock incentive schemes. Because China's corporate governance mechanism, capital market and other factors are different from those of western countries, some new problems will inevitably arise in the process of implementing equity incentive. According to the specific market environment of China and the characteristics of companies in different industries, it is necessary to formulate equity incentive plans suitable for enterprises themselves, and set reasonable goals accordingly. This paper analyzes the principle of restricted stock incentive, discusses the role of restricted stock incentive, and puts forward effective suggestions from three aspects: improve the corporate governance structure, improve the stock market, and improve the relevant laws and regulations of equity incentive.
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Open AccessArticles
by Xiaolin Liu
2023,5(1);
224 Views
Abstract
As the times progress, the level of world economic and social development and technological conditions have also been greatly improved. The era of big data has also arrived. The arrival of big data technology has brought great changes to the social and economic structure of the world. People's Daily lives have also been revolutionized by big data. At the same time, people's business relations and business management methods have also changed. The basis of the market is the enterprise, and market regulation is the basis for the survival and development of enterprises. The sudden birth of information technology for big data processing makes our country enterprise gained certain advantage in the field of management. And as society changes, the company's management model is also changing. It is also essential to specially train talents and human resources for enterprises. Under these conditions. China's accounting industry has also taken a big hit. Facing the market economy in the era of big data. How the accounting profession in China should address and act on these challenges, a brief analysis is carried out below.
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Open AccessArticles
by Zhiling Xu, Silan Liu
2023,5(1);
239 Views
Abstract
Now the epidemic has not disappeared, many service companies have not been affected by the negative impact. For service enterprises, service mode and service quality are very important, and employees decide the service mode and service quality of enterprises. For non-listed companies, it is impossible to use the traditional equity system to motivate employees, so this paper discusses the implementation of virtual equity incentive mechanism in non-listed companies in the service industry. Virtual equity incentive mechanism can help enterprises retain talents, and improve service quality.
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Open AccessArticles
by Jia Xu, Li Zhou, Yixin Yan
2023,5(1);
381 Views
Abstract
Audit rectification is an essential part of the audit work chain and plays a crucial role in playing the audit supervision function, and the key to the realization of audit supervision lies in whether audit rectification can be implemented in place. Although audit rectification has received much attention in recent years, there are still some urgent problems that need to be solved in the current audit rectification work at the grassroots level. Based on the 2021 National Audit Development Plan and the newly revised Audit Law, the article proposes countermeasures and suggestions to strengthen the effectiveness of audit rectification from the perspective of how to implement audit rectification, so as to further deepen the application of audit results and form a virtuous cycle of promoting development through rectification.
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Open AccessArticles
by Yixin Yan, Jia Xu, Li Zhou
2023,5(1);
219 Views
Abstract
As an important means for the government to realize its macroeconomic management function, government investment projects play an important role in China's economic activities. With the development of China's social economy, China's government investment projects have gradually increased and the scale of invested funds has been expanding. This paper discusses the problems that exist at the present stage in the audit of government investment projects carried out by the audit authority, and puts forward relevant solution strategies on how to optimize the audit of government investment projects.
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Open AccessArticles
by Mengyao Yang
2023,5(1);
285 Views
Abstract
GGDP is the core indicator in the integrated environmental-economic accounting system, which incorporates resource and environmental factors based on the current GDP... Specifically, GGDP deducts from GDP the cost of economic losses due to environmental pollution, natural resource degradation, low education, uncontrolled population size, and mismanagement. This indicator essentially represents the net positive effect of national economic growth. To promote the spread of GGDP and convince countries around the world to change the way they evaluate and compare their economies and promote policies and programs that are more beneficial to the health of the planet's environment, we need to clarify the pros and cons of GGDP and explain the beneficial effects and potential risks to economic life through mathematical models.
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Open AccessArticles
by Nini Zhang, Cheokmui Yee, Benjamin Fah
2023,5(1);
231 Views
Abstract
Each person daily acts as a consumer, as he constantly buys various goods and uses services to maintain his existence. The market economy has placed the consumer at the center of the producer's interests. All participants in the market economy today are either suppliers or consumers of a variety of products. Therefore, the work in the market is focused on the consumer.
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Open AccessArticles
by Ruihang Zhang
2023,5(1);
284 Views
Abstract
With the rapid development of big data technology, the accounting industry and accounting major are faced with many opportunities and challenges. Under the background of big data, the traditional highly repetitive basic accounting work faces the risk of being eliminated, and the collection, processing, presentation and analysis of accounting data have undergone tremendous changes. The change brought by big data technology to the accounting industry requires that the accounting major in higher vocational colleges must quickly keep up with the pace of change, and carry out professional reform from talent training, teaching team, curriculum system and other aspects. This paper discusses the transformation of the accounting industry under the background of big data, the challenges faced by the accounting profession in the era of big data and the countermeasures, with a view to providing ideas for the transformation of the accounting profession in higher vocational colleges under the background of big data.
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Open AccessArticles
by Shuai Zhao
2023,5(1);
202 Views
Abstract
With the development of Chinese economy, enterprises are transforming into scientific and innovative, and with the change of the need for talents. In the transformation of enterprises, the requirements for accounting talents are changed from basic accounting who can make accounts to industry-finance integrated talents, which requires the training of accounting talents to be reformed. In the training courses of accounting talents in colleges and universities, financial accounting takes the brunt of the core course. This paper puts forward several teaching reform measures based on the integration of industry and finance in the course of Financial Accounting from the perspectives of integrating business into the course content, paying attention to the cultivation of diversified ability, and combining theory teaching with the application of information tools.
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Open AccessArticles
by Li Zhou, Yixin Yan, Jia Xu
2023,5(1);
213 Views
Abstract
In recent years, China has been paying more and more attention to the construction of ecological and social civilization. In order to protect and improve the governance of the water resources environment, the State Council has proposed a special administrative system - the river chief system, which has become the focus and basis for the supervision and audit of natural resources and human assets. In this paper, we establish an audit system for water resources and the environment to effectively promote ecological and environmental governance and to promote a sound "river chief system".
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