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An investigation into two sets of financial statements: Kerry Group Plc, Le Groupe Danone.

Grogan, Brona Margaret (2000) An investigation into two sets of financial statements: Kerry Group Plc, Le Groupe Danone. Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

Accounting may be described as the core of finance and following on from this, finance may be described as the core of business, that is, in order to conduct and perform business operations productively, money and finance are the most basic requirement.

In a dynamic business world, which is changing dramatically the issue of accountancy is one, which needs to be addressed, particularly in light of the efforts of so many bodies to harmonise accounts. As will be explained later, firms are now competing and acquiring subsidiaries on an international basis and as a result the need for managing directors, shareholders and other members of the finance department to compare the financial results of acquisitions has never been more imperative.

Taking into consideration all of the above, the purpose of this research question is to examine two sets of financial statements, one of an Irish company and one of a French company and investigate whether there are any similarities or differences between each company. There may be some which affect the company considerably and therefore important and costly changes have to take place. Or there may be none at all and it could appear that France and Ireland and the United Kingdom have already adapted and adopted changes that make their financial statements very comparable.

This research question looks into the background of accountancy standards, how they were developed and what impact they have on accounting practices and policies in each given country. By using the Kerry Group Plc and Groupe Danone as a case study, the investigation explores whether the accounting practices and policies adapted are so diverse or similar that, as already mentioned, there may be or may not be a need to harmonise such standards. Indeed this is what the last section of this investigation covers, that is, what changes have and are currently taking place and whether they can be of benefit or disadvantage to companies and, in fact to the accounting world as a whole.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: Aisling Gorby
Date Deposited: 18 Apr 2010 10:03
Last Modified: 26 Nov 2014 12:32
URI: http://trap.ncirl.ie/id/eprint/95

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