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  • Financial Reporting at Mattel

    Financial Reporting at Mattel

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    In today’s era of digital disruption, Mattel is one of the most recognizable brands across the globe with a vast portfolio of iconic toy products. In 2017, they announced a business transformation to align the company with a “Mattel for all” strategy that is focused on “shaping the future” of children’s toys and experiences. It is critical for the company to maintain a strong financial reporting system to keep track of performance. I’ve been studying the financial reporting of Mattel for a few years now, and

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    Mattel is a renowned toy company in the world market. The company was started in 1935 with the creation of a tiny red toy called “Marvin the Martian,” which quickly became a hit. The toy company expanded its product range by manufacturing playthings for American children, from wooden toys to plastic toys, and then it moved to creating the original line of Mattel’s first doll named “Barbie.” Since then, Mattel has created an array of bestselling products for children of all ages. The company

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    1. I have worked at Mattel for more than 8 years, from a product designer to the CFO and now as an auditor. I was responsible for preparing monthly and annual financial statements, budgeting, and financial controls for Mattel. I have witnessed firsthand how accounting, finance, and marketing functions work together to drive value creation at Mattel. 2. Background Mattel is a global toy manufacturing and marketing company headquartered in El Segundo, California, USA. The company designs,

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    At Mattel, financial reporting is very important for us. I, and also my fellow accountants, are responsible for financial reporting at our company. We are tasked to report our company’s financial statements accurately and in a timely manner, while maintaining high standards and being transparent to our stakeholders. The process of financial reporting in our company is very comprehensive and organized. There are several key processes that we follow. We start with a company-wide financial planning meeting. At this meeting, we present a forecast of our financial results for the up

  • China Resources Beer Becoming Future Ready

    China Resources Beer Becoming Future Ready

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    A few months ago, I had the opportunity to join one of the leading brands of beer in the world, China Resources Beer, to provide a case study for their business development team. As I spent the afternoon with the group, I listened to the team members and learned about the current market and strategy of China Resources Beer. China Resources Beer has achieved great success in recent years due to the of some unique marketing strategies that were successful in China. However, the industry has evolved significantly, and the brand has become increasingly outdated in

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    China Resources Beer (CRB), one of the largest beer companies in China with a market value of 20 billion USD, has been experiencing tremendous growth in recent years. The company has been focusing on quality improvement and global expansion. click now While revenue has been expanding steadily, net profit margin, which was the key performance indicator in 2013, has decreased significantly. CRB is now seeking to take the next step in its journey, enabling the business to evolve to a future-ready entity. I have

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    My last 30 days have seen some interesting changes at China Resources Beer (CRC). Last week, we officially relocated the CRC global headquarters from Hong Kong to Singapore, taking a decision made by the company’s shareholders to focus on the region’s demand, as the company is planning to introduce several new products in the upcoming years. The move was made for more space, and I think it was the right decision to improve the production capacity and speed of production. China Resources Beer’s new global headquarters in Singapore is expected to boost

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  • TGoods Incubation of Teld Riding Chinas EV Wave

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    In 2013, TGoods Incubated Teld Riding Company in Hua Shi and started working on a revolutionary electric bike design. However, I was not in the industry of creating innovative products or services. Hence, I could not find any practical applications of the bike designs. But I did have an idea of how the company should function, and hence decided to incubate them. The company was founded in the second half of 2014. The product development process started in 2014 with an initial investment

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    I have been a fan of electric vehicles since 2010. I think it is the future, and it has been for a long time. EVs are better than cars, have zero emissions, and are more sustainable than traditional cars. But how can I buy them? What kind of companies and governments are taking a leading role in promoting EV production and distribution? The problem with EV production and distribution is the limited charging infrastructure. I read that Tesla has an estimated 1 million public charging stations worldwide, but most

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    In China, electric cars have been the top choice for a few years now. This was an unexpected consequence as the traditional automobile market there was shrinking. Following a few major events: Firstly, the Beijing Auto Show had the first appearance of the Tesla’s Model S. Secondly, the Tesla’s Model X’s were introduced and soon went on to sell over 20,000 units within the Chinese market. Thirdly, the Chinese Tesla battery supplier, China National Heavy-Duty

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  • Starbucks Deep Brew AIPowered Customer Experience

    Starbucks Deep Brew AIPowered Customer Experience

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  • Financial Accounting Reading Preparing Financial Statements The Balance Sheet

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  • A MegaChurch Takes on Urban Problems Fellowship Bible Comes to South Midtown

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