Internal assessment for International bacculaureate Essay

Internal assessment for International bacculaureate - Essay Example Megginson, William L., Robert C. Nash, and Matthias Randenborgh. "The financial and operating performance of newly privatized firms: An international empirical analysis." The Journal of Finance 49.2 (2012): 403-452. Introduction General Introduction Organizations within the contemporary environment continue to struggle in order to survive and grow amidst the increased competition. The reductions in the barriers to entrants have been a major factor contributing to increased competition (Altman 591). Classical firms continue to have significant problems in respect to competition despite the fact that they may be commanding high market share. As a result, such firms need to establish an evaluation and analysis into its performance in order to ascertain whether they can continue to survive or grow within the contemporary business environment. Hafeera Contracting Company is one such organization that has existed since 1968. The following is an analysis of Hafeera’s financial and ov erall performance in a bid to establish its survival and growth within the contemporary business environment. ... has been involved in undertaking specific projects that correspond to government industry, housing, road works, building, sewage and drainage, heavy civil construction, and construction of water supply networks amongst others. Indeed, Hafeera Contracting Company has been involved in many activities, which provide further room for both survival and growth within the construction industry. Findings The main question that this assessment and analysis aim at answering is â€Å"Can Hafeera Group continues to survive based on the current performance status?† In order to find the answers to this question, the assessment and analysis employed the use of financial data (Altman 591). The following are some of the findings from the assessments and analyses of financial data for Hafeera Contracting Company. The findings are categorized into the current financial information as well as the comparison of past financial information (2007 to 2010). It is important to understand a firm on the basis of its past performance whilst comparing with the present for the purposes of forecasting into the future. Latest Financial Performance Table 1: Latest Financial Performance 31 December 2011 Total Income $ 3,984,950 Total Expenses $ 3,059,556 Net Profit for the year $ 925,394 Total Equity $ 3,310,348 The above table shows or indicates the latest financial performance of information of the client. These data are useful in understanding the current performance of the firm hence provides a room or an opportunity of forecasting and making inferences about the future (Chadwell-Hatfield 101). The financial information provided in Table 1 can be used to generate various financial ratios, which may provide an understanding of the status and performance of Hafeera Contracting Company thus enhance in