Bentley Accounting Report

Accounting in Organization

Name

Institution

Table of content

Introduction                                                                2

Q1                                                                        2

Q2                                                                        2

Q3                                                                        6

Q4                                                                        6

Q5                                                                        7

Q6                                                                        8

Q7                                                                        8

Q8                                                                        8

Q9                                                                        9

Q10                                                                        9

Q11                                                                        9

Q12                                                                        9

Conclusion                                                                11

References                                                                12

Introduction

Rolls Royce holdings is the world’s second biggest maker of aircraft engines. The company also has key businesses in energy and the marine propulsion sectors. In 2012, Rolls-Royce was named as the world's 16th biggest defence contractor in terms of the revenue. The company prepares financial statements every year in accordance to the IFRSs requirements. The company’s financial year ends on the 31st December of each year both individually and as a member of a group company for its subsidiaries. This paper focuses on both the group and the company’s financial statements for the year ended 31st December 2013.

Q1) The name of the Company and its registered office.

Rolls-Royce plc is a manufacturing and distributing incorporated public company founded on March 1906 (Rolls-Royce.com). It is a BMW AG subsidiary company registered under the UK Companies Act 1985. Its registration number is 4706930. Rolls Royce headquarters are in Buckingham Gate, London, England, Post code SW1E 6AT. It is a multinational company with customers in more than 150 different countries and it has its presence in over 50 countries. (Annual report, pg144).

Q2) The names and qualifications of the directors.

Rolls Royce Plc has 15 directors: (Annual report, Pg 36 and Bussinessweek.com)

1. The chairperson, Ian Davis. Age 62

He has been a managing partner, a chairperson and worldwide managing director for over 5 years. In addition, he is a nonexecutive director and a senior advisor in several major companies.

1. The Chief Executive, John Rishton. Age 55. 

He began his career back in1979 at Ford Motor Company. In1994, John joined British Airways Plc as a Chief Financial Officer before he became a CFO at Royal Ahold in 2006 where he became a CEO a year later. He has also worked as a member of Rolls Royce audit committee and a member of the company’s ethics and nomination. He also has experience as a non-executive director.