英语论文网

论文题目：financial management
论文语言：英语论文 English
论文专业：ACCOUNTING
学校国家：澳大利亚
是否有数据处理要求：是
您的学校：悉尼科技大学
论文用于：Master assignment 硕士课程作业
截止日期：2011-05-15
补充要求和说明：
spreadsheet(15marks)，
report (5marks)

Fangio Brother’s Smash Repairs Pty Ltd (FBSR) is a smash repair business located in the western suburbs of Sydney. The business was started by two brothers in the late 1950’s but is now run by Roberto and John Fangio, the two sons of one of the founders of the business. Roberto and John each own 30% of the issued ordinary shares in the company but several other family members also own shares and the company is expected to perform well and pay annual dividends. The company’s Board of Directors consists of Roberto, who is Managing Director, John, their sister Mary and their cousin Maria who is the company secretary. There is one independent director and he is Michael Potter a family friend and the family tax accountant. The company chairman is their Uncle, Juan Fangio who was the other founder of the company. Maria works in the business as the Accountant/Office Manager and has recently completed an MBA at UTS. 范吉奥兄弟的AOS粉碎维修私人有限公司（ FBSR ）的是红极一时维修，位于悉尼西郊的业务。业务由两兄弟在1950年代后期开始，星光大道，罗伯托和约翰·方吉奥，业务创办人之一的两个儿子，但现在运行。罗伯托和约翰分别拥有30 ％的已发行普通股公司，但其他一些家庭成员也自己的股份，该公司预计表现良好，支付的年度股息。本公司的董事会由罗伯托，谁是董事总经理，约翰，他们的妹妹玛丽和自己的表妹玛丽亚谁是公司秘书。有一名独立董事，他是迈克尔·波特的家庭朋友和家人的税务会计师。该公司董事长是自己的叔叔，谁是其他公司的创始人胡安·方吉奥。玛丽亚在业务工作作为会计师/办事处经理，并在最近完成了在悉尼科技大学工商管理硕士学位。
The smash repair business has been through some turbulent times in recent years mainly due to the increasing dominance and control exerted by the major insurance companies. FBSR has survived and managed to remain profitable through the reorganisation of the industry and is a registered repairer for the major insurance companies and this ensures a steady stream of insurance work. On top of this John has built up a good reputation with two historic car clubs that has resulted in restoration work on vintage cars that has proved profitable and interesting work. 粉碎维修业务已经通过一些动荡的时代，近几年主要是由于各大保险公司施加的支配和控制。已存活和管理FBSR保持盈利的行业通过重组，是各大保险公司的注册造车，这确保了源源不断的保险工作。在此之上，约翰已经建立了良好的信誉与老爷车修复工作，已被证明有利可图的和有趣的工作，已导致两个历史悠久的汽车俱乐部。
The company operates from premises that it has owned since the business was incorporated. At the time of incorporation it was decided to purchase two adjoining blocks of land and construct the workshop, spray booth and office on one block and keep the other as an investment or for future expansion. During the years the buildings have been renovated and updated several time with the last occasion being only eighteen months ago when a new spray booth was constructed. The workshop etc is still contained on one block. The other block is still vacant, not very securely fenced and has to be maintained by one of the local lawn mowing contractors to keep the grass and shrubs tidy. This maintenance currently costs $16,000 p.a. and is expected to increase by 3% p.a. for the next ten years. This expense will be eliminated if the site is developed. For some time now Mary and Maria have been advocating selling the land as it would release a significant amount of money which could be paid out to shareholders as a special dividend. However Juan has always had a dream that the land would be used to expand the business and is not keen to sell. The company is working at full capacity five days a week and Saturday overtime is not unusual. Some his