CSL Global Group

Question: Examine about the CSL Global Group. Answer: Presentation CSL Global gathering is a biotherapeutics forte organization, which offers types of assistance in Australia, Switzerland, Germany, America, and the UK. The organization utilizes in excess of 16,000 specialists in more than 30 nations (csl.com.au 2016). Macquarie gathering, then again, is the main supplier of assets, speculation, warning and monetary administration administrations to the major budgetary revolves far and wide (macquarie.com/au 2016). The task targets analyzing the business procedures of the two organizations dependent on their statements of purpose, estimations of the association, partners and corporate social obligations in the market. The venture likewise targets breaking down whether the organizations are meeting with the SMART destinations and objectives. Vision and Mission Statement CSL The biotherapeutics strength organization targets creating biotherapies, which are imaginative and are useful in sparing existences of individuals having hazardous ailments. The focal point of the organization is on the life-cycle the board, security of item portfolio and new item improvement (csl.com.au 2016). The organization is anxious to contribute on its Research and Development area later on to such an extent that to consolidate the most recent innovation inside its item advancement process. The organization has likewise a solid responsibility for the subsidizing of the imaginative clinical items so as to satisfy the clinical needs of the patients later on. Macquarie gathering The point of the Macquarie bunch is to enhance its business procedure, which could be covering a wide scope of capital and warning markets, exchanging, resource account, reserves the executives and other money related parts in the market. This reconciliation of the assorted variety of the activities along with a solid hazard the executives system and solid capital positions has placed the organization to a whole upper hand in the market. Receiving the name of its maker with the holey dollar as its image, the organization targets fusing its mission of down to earth approaches so as to create productive results (macquarie.com/au 2016). Brilliant targets Objective 1: Developing and differentiating the business procedure Key Component Objective Explicit CSL-creating biotherapies, which are inventive Macquarie-differentiating business process conering a wide scope of money related parts Quantifiable CSL-satisfy the clinical needs of the patients Macquarie-produce beneficial results Reachable CSL-Yes, by consolidating the most recent innovation inside the item advancement process Macquarie-Yes, by coordinating the assorted variety of the tasks along with a solid hazard the board system Sensible CSL-contribute on Research and Development segment Macquarie-combination of the assorted variety of the activities with a solid hazard the executives system Time-Bound CSL-Within barely any years Macquarie without a moment's delay Shrewd target: to keep up solid situation by increasing upper hand in the market Source: Created by creator Estimations of the Organization CSL The organization search for cooperative energies with existing specialty units and consider openings in the remedially classes that could help in improving the neglected clinical needs of the patients. The business activities of the organization incorporates an all around portrayed properties, all around approved information and a characterized instrument of activity that has helped it in increasing A solid licensed innovation position in the market (csl.com.au 2016). The organization likewise leads clinical preliminaries and logical warning boards so as to create abilities for supporting the beginning time research openings in the market (Grne et al 2014). Macquarie gathering Macquarie incorporates opportunity, responsibility, and respectability standards inside its business approach so as to understand the advantages of its partners (macquarie.com/au 2016). The organization supports inventiveness, development and enterprising soul inside its partners with the end goal that to empower them to accomplish and prevail over the long haul. The organization understands the importance of chance and incorporates the equivalent to be a piece of its colleagues. The organization likewise trusts in keeping up its guidelines and making obligation regarding all the move of its partners while settling on business choices. The organization likewise consolidates high moral norms inside its business culture with the end goal that to procure the trust of its partners. Brilliant destinations Objective 2: Integrating openings and different standards inside the business approach Key Component Objective Explicit CSL-cooperative energies with existing specialty units Macquarie-incorporating opportunity, responsibility, and uprightness standards inside its business approach Quantifiable increasing a solid protected innovation position in the market Feasible CSL-coordinating an all around portrayed properties, very much approved information and a characterized system of activity Macquarie-keeping up its gauges and assuming liability for all the activities while settling on business choices Sensible CSL-clinical preliminaries and logical warning boards Macquarie-Stakeholders are the primary assets Time-Bound CSL-Within a couple of years Macquarie-Within a couple of years Savvy objective: to create capacities for supporting the open doors in the market Source: Created by creator Corporate Social Responsibility CSL CSL bunch coordinates the Corporate Social Responsibility (CSR) so as to lead its business forms in a moral manner. This mix of the Corporate Social Responsibility inside the business procedure likewise help the organization in adding to the social, monetary, and ecological prosperity of its networks also. The different CSR need regions of the organization incorporate the Research and Development, helpful, working, biomedical, and different business condition (csl.com.au 2016). The organization likewise actualizes the business practice codes that help in directing and molding the manner in which it leads its business procedure. Besides, the Corporate Responsibility Steering Committee helps in driving reconciliation, mindfulness, and improvement of the CSR all through the organization. Macquarie gathering Macquarie bunch coordinates the Environmental, Social and Governance (ESG) responsibility in its business forms which helps the organization in concentrating on the regions that are viewed as material to its business (Kuszewski and Crowther 2012). Macquarie bunch likewise actualize explicit Code of Conduct, which bargains in the regions mirroring the hazard and open doors for the organization. The business and the issues of enthusiasm of the companys partners recognize this set of principles as followed by the organization too (Klettner, Clarke and Boersma 2014). The set of accepted rules administers the different financial, social, and corporate components for the organization including the earth, work environment, markets, partners, and the supportability of the organization in direct activities also. Keen destinations Objective 3: Include the CSR in the business territories which are viewed as material to the business Key Component Objective Explicit CSL-need regions of the organization incorporate the Research and Development, remedial, working, biomedical, and different business condition Macquarie-concentrating on the regions that are viewed as material to its business Quantifiable CSL-improvement of the CSR all through the organization Macquarie-upgraded manageability of the organization Reachable CSL-organizing the zones of the organization incorporate the Research and Development, remedial, working, biomedical, and different business condition Macquarie-coordinating the Environmental, Social and Governance (ESG) duty in its business forms Reasonable CSL-Corporate Responsibility Steering Committee Macquarie-Environmental, Social and Governance (ESG) advisory group Time-Bound Inside a year Keen goal: to oversee the corporate factors so as to pick up maintainability in the market Source: Created by creator Partners CSL The partners of CSL bunch incorporate the investors, workers, governments, speculators, and providers. CSL executes polices that administers the chiefs and representatives towards the moral worries in the circumstances of possible clash of political contribution, intrigue, budgetary affectations and pay off. The organization resolves to work with the most noteworthy respectability to such an extent that to pick up the trust of its partners and implant trust in them. The organization has drawn in with NAVEX, which helps, in encouraging the detailing of the questions and worries of the partners of the organization (csl.com.au 2016). This commitment of NAVEX guarantees in exploring and settling the worries and issues of the partners. Macquarie gathering With the accomplished Board individuals and business pioneers, Macquarie targets conveying long haul gainfulness and comes back to its partners by actualizing the guidelines corporate administration and dealing with the market dangers. The partners of the organization incorporates is the financial specialists, customers, providers, governments, representatives and the more extensive network. The organization joins the natural, social and administration (ESG) duty that thinks about the obligation regarding its customers and networks and partners also (macquarie.com/au 2016). The organization has confidence in building solid associations with its partners fro keeping up trust and upgrading the business execution also. Keen goals Objective 4: Gaining trust and trust in the partners Key Component Objective Explicit working with the most noteworthy uprightness to such an extent that to pick up the trust of its partners and inject trust

What is the Taboo Thesis The works of Gorer, Walter, Moller and Cline Essay

What is the Taboo Thesis crafted by Gorer, Walter, Moller and Cline - Essay Example This fear against death has caused individuals to abstain from examining demise in broad daylight and today it has gotten an untouchable, similar to erotic entertainment was in the medieval ages. Sociologists and masterminds, for example, Gorer, Moller and Cline have examined the subject in extraordinary detail with strong research and contemplate and have perceived the changed conduct of individuals towards death. Rather than tolerating its reality and continuing ahead with the truth that we need to leave this world one day, individuals deny demise and this is reflected in their conduct towards death ceremonies and social affairs. Examining about death or the perished individual is viewed as peculiar in the general public. Individuals that discussion of death or the expired individuals face prudery on account of their social condition. Furthermore, consequently passing has gotten a no-no, something not worth discussing. The situation was not the same previously; in actuality this is a cutting edge improvement. This progress in the responses of individuals regarding passing, as noted, considered and clarified by Gorer and his defenders is known as Taboo Thesis. In this paper conversation will be made on the accompanying theory proclamation, â€Å"Death, today, is treated as a fearsome, outsider marvels and has gotten a no-no, with lesser and lesser individuals worried about it. â€Å" Contribution from Gorer Geoffrey Gorer, conceived in 1905, was a prestigious English Anthropologist. He went through his time on earth in understanding the idea of people and how would they coexist with various variety in their lives. Probably the best commitment to the field of Sociology is his work and research on the thought of death, the change that it has experienced the ages and its common status in the ebb and flow world request, completely UK. Interestingly Gorer analyzes the treatment of death in the cutting edge society with that of the idea of sex entertainment in the Victorian Era. This inventive and investigative considering capacity Gorer made him stand apart of different scholars and anthropologists and along these lines his work has gotten exceedingly huge for communists so as to extend their points of view of study on death or other related regions (Gorer 1955). Gorer looks at the treatment of the idea of erotic entertainment in the Victorian period with that of the treatment of death in the contemporary world. In the Victorian time sex entertainment was viewed as an exceptionally personal undertaking and conversation in broad daylight was viewed as a â€Å"eye-brow† raising issue that would prompt prudery in the general public whenever anticipated. Gorer doesn't favor of such responses as he accepts that sexual intercourse and sex are issues known to individuals when all is said in done so veiling them doesn't bode well as individuals will in general talk about issues that they know about, so the equivalent must remain constant for erotic entertainment too. This contention is stylishly sent by Gorer with respect to death and response of individuals to it in the contemporary world. Gorer opines that demise is as large a reality in life as life itself, yet today individuals attempt to sidestep from its reality in a way that is like the Victorian period where individuals maintained a strategic distance from sex and foulness related conversations out in the open. Gorer accepts that the general public is removing itself from the acknowledgment of a widespread actuality and truth and maybe this is something that one would concur with too (Gorer 1955). A contemporary model Let’s think about the Somalian dry spell, named as the â€Å"worst helpful crisis† by the UN. It is very nearly immersing the lives of in excess of 700,000 people in the months to come. This dry season has indicated the genuine substance of people to them, however it is such a pity, that we still don’t care. Regardless of how steep the loss of life is, regardless of how serious a debacle is we simply keep living

Standard Chart of Accounts Explained

Standard Chart of Accounts Explained Numbers provide a great way of summarizing information in a way that it can be quickly understood.This is especially useful in the business world where all sorts of information are presented using numbers.In fact, the whole profession of accounting revolves around summarizing company information into easy-to-understand numbers.One of the tools that is commonly used by accountants to provide a summary of a company’s financial power is the chart of accounts.Unfortunately, a lot of people do not understand this important accounting tool.In this article, we will take an in-depth look at the chart of accounts to understand what it is, what it does and how to design one.WHAT IS A CHART OF ACCOUNTS? The term “chart of accounts” (COA) refers to a list that contains all the accounts that a company uses to record transactions in its general ledger.An account in this case refers to a unique record for each type of the company’s revenue, expense, equity, assets, and liability.The chart o f accounts usually lists the account type, a brief description of the account, the account balance, and an identification code for the account. This information is typically represented in the order by which the accounts are represented in the company’s financial statements.It includes balance sheet accounts as well as income statement accounts. The typical order is balance sheet accounts at the top, with the income statement accounts following.The purpose of a COA is to organize the company’s finances, segregating its expenditures, revenue, assets, and liabilities in order.This orderly listing makes it easier for stakeholders and other interested parties to understand the company’s financial health.It is also an important tool for analyzing a company’s past transactions and using historical data to forecast its future trends.The standard chart of accounts usually contains two main categories â€" balance sheet accounts and income statement accounts â€" which are then further subdivided by account type.The following are the various types of balance sheet accounts:AssetsLiabilities,Stockholders’ or owner’s equity.The income statement, on the other hand, contains the following accounts:Operating revenuesOperating expensesNon-operating revenues gainsNon-operating expenses losses.A well-designed COA achieves two things: it satisfies management’s information needs, and it enables the company to comply with financial reporting standards.The format of a chart of accounts allows a business to tailor its chart of accounts to best suit its unique needs.For instance, accounts in the categories of “operating revenues” and “operating expenses” can be further organized according to business function as well as company divisions.Since it is a flexible financial organization tool, there is no standard length of a chart of accounts.Its length will naturally depend on the company’s size, with larger companies having a larger and more complex chart of ac counts compared to smaller companies.For instance, a large, multinational company that has many divisions may need to list thousands of accounts whilst a local retailer may require as few as one hundred accounts.Depending on the sophistication of the company, the COA may either be paper-based or computer-based.STRUCTURE OF A CHART OF ACCOUNTSLike I mentioned above, the chart of accounts is a flexible financial organization tool, so you will seldom find a company that has the exact same charts of accounts as another company.Each company will develop its own COA based on its own unique factors, such as the volume of business, the nature of the business, the need for external parties to go through the company’s financial information, and so on.That said, there is still a common structure that you will find on most charts of accounts.Accounts in a COA are typically listed in the order by which they appear in the financial statements.For that reason, balance sheet accounts are typicall y listed first, with the income statement accounts following.The typical structure of a Chart of Accounts is, therefore, something that looks like this:Balance Sheet AccountsAssetsLiabilitiesOwner’s (Stockholders’) EquityIncome Statement AccountsThe Various Types of RevenuesThe Various Types of ExpensesSome organizations may also structure their COAs such that various expenses are separately listed by department, with each department having its own set of expense accounts.DIFFERENT ACCOUNT TYPES REPRESENTED IN A CHART OF ACCOUNTSSome of the different accounts that will typically be found on a standard chart of accounts include:Asset AccountsAn asset is a resource that contains economic value and is owned by the organization. Put simply, the term “assets” refers to what a company owns.Part of the value of assets stems from the expectation that they will provide future benefits. A company reports its assets in the balance sheet.When a company buys or creates an asset, this res ults in either an increase of the company’s value or a benefit to its operations.The best way to think of an asset is as something that might in future generate cash flow for the company, reduce its expenses, or increase sales.Examples of assets include land/property, machinery equipment, patents, cash, inventory, investments, buildings, furniture, vehicles, stock, and so on.There are two types of assets: current assets and fixed assets.Current assets are those you can easily convert into cash â€" they include cash, money in the bank, short-term deposits, stock, and marketable securities.Fixed assets are those you cannot readily convert into cash or cash equivalents. They are typically long-term/hard assets. Examples include buildings, patents, land, equipment, machinery, and trademarks.Liabilities AccountsA liability is, to put it simply, what the company owes to some other party (a bank, a person, another company).In other words, liabilities are the company’s legal financial obligations or debts that present themselves in the course of conducting business operations.To settle liabilities, the company has to transfer economic benefits such as money, goods or services to the other party.Basically, liabilities are the opposite of assets: while assets add value, liabilities reduce the company’s value.Liabilities are recorded on the right side of the balance sheet whilst assets are recorded on the left. Examples of liabilities include bank loans, mortgages, accounts payable, deferred revenues, accrued expenses, and so on.There are three main types of liabilities: current liabilities, non-current liabilities, and contingent liabilities.Current liabilities are short-term and are typically due/payable within one year. Examples include interest payable, accounts payable, bills payable, income taxes payable, short-term loans, accrued expenses, and bank overdrafts.Non-current/long-term liabilities are those that are due after a year or more. Examples include bon ds payable, deferred tax liabilities, mortgage payable, long-term notes payable, and capital lease.Contingent liabilities are those whose occurrence depends on a certain event. In other words, contingent liabilities are basically potential liabilities: they may or may not happen. For instance, if a company faces a lawsuit, it may or not be a liability â€" it depends on the outcome of the lawsuit.Accounting standards dictate that a company should only record contingent liabilities if the liability is probable and if it’s possible to reasonably estimate the amount. Examples of contingent liabilities include lawsuits and product warranties.Owner’s/Stockholders’ Equity AccountsThis is the third type of balance sheet account listed in the chart of accounts. It refers to financial capital which is sourced through investment by owners/shareholders.Financial capital is one of the key factors of production.Financial capital is absolutely necessary for any business to get off the ground . No business can operate without capital. Capital comes from two sources: debt and equity.Equity capital, unlike debt capital, is not repaid to stockholders/investors in the normal course of business.Equity capital is the risk capital staked by investors through purchasing a company’s common stock (ordinary shares).Put simply, equity capital is the funds a company generates from the sale of its stock.Owner’s equity is the funds owners inject into the business to finance its operations.For a private limited company, the owners are an entity separate from the business.In that case, the business is considered to owe the equity funds to its owners as a liability in form of share capital. Owner’s equity is also known as liable capital or risk capital.In a case where shareholders are the owners (public limited companies), the equity is known as shareholders’ equity.It refers to the ownership equity spread out amongst the company’s shareholders. Shareholders will vary in rank ac cording to their use of share classes and options.Should the company liquidate its assets, for instance due to bankruptcy, the first priority will be the creditors. The last to be paid will be the owners/shareholders.The accounting equation for owner’s equity is, therefore, the difference between a company’s assets and debt liabilities.The company can break down its shareholders’ equity into the following accounts: common stock, preferred stock, and retained earnings.Expenses AccountsThese accounts represent the company’s expenditures.An expense may be defined as the amount by which an asset reduces in value when it is used to generate revenue for a business.For instance, when the asset has been in use for an extended period of time, the expense that develops is known as depreciation.Examples of common expenses include cost of goods sold, rent, utilities, insurance, depreciation, wages, and utilities.Expenses are typically divided into two main types: operating expense and n on-operating expenses. Operating expenses are those that involve the business’s main/core activities.For instance, the operating expenses of a retailer include the cost of goods sold along with the selling, general, and administrative expenses.In a large company, these are typically sorted according to product line, department, and so on.Non-operating expenses are the expenses which do not involve the business’s main activities. They pertain to incidental/peripheral activities.For instance, a common non-operating expense encountered by retailers is interest expense.Other examples of non-operating expenses that will turn up on a retailer’s income statement include: commissions earned by the sales staff, rent, employee wages, advertising, and the cost of electricity.Revenue AccountsRevenue accounts display the earnings/incomes the company accrues during a specific period. Common examples include sales, interest income, and service revenue.Discounts and deductions for returned me rchandise are also included as part of the business’s revenues.A better definition of revenues is the income a business generates from selling goods or providing services, or from any other use of its capital or assets.This is before the deduction of costs and expenses.Revenue is typically represented as the top item in a profit and loss (income) statement.Net income is determined by subtracting the costs from the gross income.You calculate revenue by multiplying the price per unit by the number of units sold. Revenue may also be referred to as sales or (in the UK) turnover.In a large company, revenue can be subdivided according to the various divisions that generate it.Revenue may also be divided into operating revenue and non-operating revenue.Operating revenue is the sales the company makes from its core business.Non-operating revenue refers to the sales the company makes from other secondary sources.Since non-operating revenues source are typically not predictable or recurring , they are termed one-time events or gains.Examples include proceeds from selling an asset, money awarded for winning a lawsuit, a windfall from investments, and so on.HOW TO NUMBER ACCOUNTS IN A CHART OF ACCOUNTSAccounts in a standard chart of accounts are organized according to a numerical system.The numbering sets up the structure of the accounts and assigns specific codes to the various general ledger accounts.The account number typically involves three key components: the division code, the department code, and the account code.Division CodeThis is usually a 2-digit code. It represents a specific division within the company.For that reason, it is only used in multi-division companies.Single-entity companies do not use this code. If the company is large and has very many divisions, this code is expanded to a 3-digit code, enabling the inclusion of more than 99 subsidiaries.Department CodeThis is also typically a 2-digit code. It represents a specific department within the busine ss; for instance, engineering, sales, accounting, or human resource departments.Account CodeThis is typically a 3-digit code which describes the account itself. Accounts are divided into major categories and sub-categories.Each major category starts with a particular number. Consequently, all the sub-categories that fall under a certain major category all start with the number of the major category.For instance, the first major category is “assets” and begins with the digit “1”. The first account could be “cash” and is labeled “100”. The next could be “savings account” and labeled “101”The second major category “liabilities” starts with the digit “2”, then the liability accounts will be labeled in the 200 to 299 range. The next major category “Equity” will start with a “3”, occupying the 300-399 range, and so on.The account code will not always be represented by 3 digits. In some cases, especially for bigger companies with a more complex chart of accounts, the account code might be represented by 4 digits.As you might have realized so far, the account code breaks down two key pieces of information about an account: the type of major category account and the type of sub-category account.For instance, if you find that an account code starts with 100, you can automatically conclude that this account belongs to the ‘assets’ category.The subcategory account is usually represented by the second digit within the account code. For instance, let’s assume that the account code for a specific account is 109.Since the first digit is 1, we already know that this is an assets account. However, there are different types of asset accounts.Therefore, the second digit is used to show the subcategory in which the account belongs.In our case, this might mean the account falls under the current assets subcategory within the assets category. The third digit denotes the actual identity of the account.If the account number was 115, then t his would mean that this particular account is account number 5 under the receivables sub category within the assets category.Bringing It All TogetherIn a multi-division company which has several divisions and departments, the chart of accounts numbering would be as follows: xx-xx-xxx.If it’s a single-entity company (that is just one division) that has multiple departments, the first two digits (the division code) would be left out. The numbering scheme would instead be as follows: xx-xxx.If it’s a very small business that has no departments at all, only the account code would remain. In that case, the numbering would be simply as follows: xxx.EXAMPLE OF A CHART OF ACCOUNTSBelow is a rough sample COA to help you understand how it looks.Assets (100-199)Current Assets100 Checking Account101 Savings Account102 Deposits103 InvestmentsReceivables110 Accounts Receivable Clients113 Travel Advances116 Notes ReceivableUnbilled Services120 Unbilled ServicesFixed Assets150 Accumulated Dep reciation152 Furniture and Fixtures153 Leasehold Improvements154 AutomobilesLiabilities (200-299)Payables (Short-Term)200 Notes Payable Short-TermAccounts Payable210 Accounts Payable â€" Trade211 Accounts Payable â€" Consultants212 Accounts Payable â€" OtherNet Worth (300-399)301 Capital311 Previous Year’s Retained Earnings312 Current Year’s Profit and LossRevenues (400-499)400 Commercial Sales410 Interest Income422 Grant RevenueExpenses (500-599)Direct Costs500 Direct Labor502 Equipment503 Materials and SuppliesFringe Benefit Costs510 Vacation511 Sick Leave513 Payroll TaxesOverhead Costs 520 Overhead Labor525 Depreciation â€" Office Equipment526 RentGeneral Administrative Costs 530 General Administrative Labor532 Utilities536 Equipment RentalUnallowable Costs 540 Interest Expense541 Contributions542 ExhibitsBEST PRACTICES FOR CHART OF ACCOUNTS DESIGNThe following are the criteria/principles a company should follow when designing a chart of accounts:Do the Mystery Accountant T estA good COA provides structure for the business, uniformity, and enhances communication across the company.It should also be possible for a concerned third party to understand the information provided in the COA without difficulty.To accomplish this, test to see if your chart of accounts passes the Mystery Accountant Test.This is a thought experiment where you try to see if competent accountants unfamiliar with the details of your business can successfully close the book.Can they successfully perform the close or do they get confused because of poor chart design?Can they use the provided code combinations to figure out the nature of each transaction, who is responsible for it, and where the transaction is occurring?Avoid RedundancyThe chart should contain only one type of information in each segment; otherwise, there will be overlapping of information across segments, which can lead to potential inaccuracies during reporting.For instance, if a company defines two of its segments a s “Location” and “Department”, then the location segment should only contain location information and the department information should only contain departmental information.Leave Room for ExpansionSmall companies may tailor the design of their COA to the current size of their business.This is not necessarily a problem.However, if this is a company that is likely to experience growth in future and greater success, it is important to design a COA that leaves room for expansion.Otherwise, when the company grows, there will be risk of some of the segments filling up.This can pose a problem, particularly for a publicly traded company where accuracy of information is legally crucial.Use Logical RangesWhile leaving room for expansion is good, it is possible to get carried away and go to the other extreme where you have ridiculously large ranges.For instance, if a company is small and unlikely to expand, but insists on having a range of values such as 20000-29999.This leaves room f or up to 9,999 accounts.The trends in your business should inform your decision when determining the most appropriate range.Don’t Rely on SpreadsheetsWhile spreadsheets are great tools for organizing simple data, they are not the best choice for transforming data from your financial systems to report results.Not relying on spreadsheets to get financial information is a key best-practices consideration when designing a COA.WRAPPING IT UPThe chart of accounts is one of the most important accounting tools.The COA is essentially a summary of the company’s financial power. It contains both balance sheet information and income statement information.A good chart of accounts reveals the size or financial might of a company.Any interested party can then figure out how large the company is (from the division code and department code or their absence), and see the range and number of its transactions (based on the number of recorded accounts).