While you have been toiling over all of your ACCA exams you have been demonstrating technical accounting skills — just like students on Accounting and Finance courses offered by other Universities. Most students are able to fulfil the OBU requirements in 3 months! This does entail a fair amount of concentrated effort but is realistically achievable for the average student.
How to Write a Summary of an Article? Furthermore, the WTO points out that, for many developing countries, tourism is one of the main income sources of foreign exchange, and creates much-needed employment and opportunities for economic development.
The industry has also enjoyed staggering growth over the past six decades. In the tourism industry business and financial performance is highly dependent on the political factors of the host country. Political stability and good international relations are important for the growth of firms in the tourism industry as tourists only go to places where they feel safe and protected.
Spending on tourism and hotels is also closely related to the economic cycle. Certainly, spending on leisure activities such as holidays tends to be one of the first things that consumers cut back in times of economic hardship. The economy was ranked the worst in the world and inflation at its peak was around 6.
Long term planning was impossible in the industry due to the political instability and bad publicity that the country received following violence surrounding the March presidential elections as well as cholera outbreaks affected tourist arrivals inthereby limiting any growth in the economy.
The highest decrease in the number of tourist arrivals was reported from traditional source markets, such as the UK and the US. The introduction of price controls by the government in the sector meant that RTG could not increase their prices in line with inflation as they were supposed to request for price increases first whereas their expenses were increasing therefore cutting down their profits unreasonably.
The rampant shortage of basic commodities such as food and drinks increased costs as supply could not match demand it also meant that hotels and restaurants could not offer services to its customers and therefore a drop in revenues and standards of services.
The tourism sector also faced a crumbling air transport sector, with ramifications for the entire economy and the withdrawal of a number of reputable airlines, citing viability problems. Approximately 18 international airlines are reported to have left the country since the start of the economic crisis in the year High fuel prices, combined with political and economic turbulence, were the reasons cited for the withdrawals.
To achieve this objective the researcher will also establish the following: The research aims to answer the following questions: What measures were used by RTG to assess the business and financial performance and were they adequate? Research approach The researcher used a case study approach employing both qualitative and quantitative techniques to evaluate the performance of RTG.
To answer the above questions the researcher will use traditional techniques such asratio analysis and trend analysis to establish the patterns of performance while comparisons with other organizations in the same industry will also be done. Gaps will be identified, conclusions drawn and recommendations will be made as to how RTG can improve its business and financial performance in future.
Data collection procedures Data collection is about using the selected methods of investigation which Robson Various methods of data collection were used in this research and the following are the primary and secondary data collection methods that were used.
Secondary data was used in this research to get an in-depth understanding of the business and financial performance of RTG. Heyward and Sparks define an interview as an occasion when one or two people ask questions that seek to find out opinions and ideas.
Measuring business performance is therefore very subjective and finding suitable measures is very difficult. Research Approach The researcher will use a variety of business and financial performance measures.
The traditional argument is that shareholders are the legal owners of a company and so their interests should thus be to maximize shareholder wealth.Nov 12, · I was bsc hons in applied accounting thesis sample wondering, how is a degree in bsc (hons) applied accounting from oxford brookes compare with a degree in acc&fin from other universities such as bristol, bath, durham, exeter, lancater?
ACCA oxford brookes bsc (hons) in applied accounting Research and analysis project September 2, SUBMISSION DATES FOR THE ACCA – OBU RAP FOR NOVEMBER AND MAY (PERIOD 37 & PERIOD 38) SUBMISSION DATES FOR OBU – ACCA RAP FOR NOVEMBER AND MAY (PERIOD 37 & .
Students studying for the Preparatory Course for ACCA are automatically opted into the Oxford Brookes University BSc (Hons) in Applied Accounting Programme upon registering for the ACCA qualification.
OBU ACCA BSC Hons RAP on Topic 8 - The Business and Financial Performance of an Organization over a three year period Words | 36 Pages.
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