Cost and Management Accounting Essay Example | Topics and Well Written Essays - 1750 words

Cost and counsel Accounting - Essay ExampleIn 2006, Britvic sold 1.4 billion liters of soft drinks in hundreds of different flavours, shapes and sizes and delivers to everyplace 4,000 customers and approximately 200,000 points of distribution. This explains the wide customer network of Britivic revealing the companys excellence in production and service capabilities.Britvic has the instilled pride to produce more soft drinks brands in its portfolio than any other UK manufacturer. This provides an insight on the effective branding strategies and promotions followed by Britivic and the effective business planning of the companys management.The company has approximately 2,700 employees based either at our chief(prenominal) offices in Chelmsford and Sol hull or at one of seven factories and network of depots around the country. This portrays the humane resource capability and strong local presence in the soft drinks market.The corporate culture of Britivic provides an peaceable atm osphere for all the workers who feel great working for the company.Britivic promotes excellence and initiative and encourage the employees to be loving about our brands and their roles.Accounting policies of Britivic Source Balance sheet data of Britvic (2007)InvestmentsThe Company recognizes its investments in subsidiaries at embody less any provisions made for impairment.Interest bearing loans and borrowingsBorrowings are stated at harvest-home received less any unamortized issue costs.Issue costs of loansThe finance cost recognized in the profit and loss account in respect of capital instruments is allocated to periods over the terms of the instrument exploitation the effective interest method.Borrowing costsAfter initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the effective interest method. All borrowing costs are recognized as finance costs in the profit and loss account in the period in which they are incurred. Foreign currenciesThe foreign currency transactions are recorded at the date of transaction referring the opinion rate at that instance. Foreign currency denomination of assets and liabilities go out be translated on the basis of supplant rate as depicted in the balance sheet and balance sheet date will be used. All the noticeable differences are updated in the profit and loss account of balance sheet.Issued section capitalOrdinary shares are classified as