Professional Accounting Education
Provided by
Academy of Professional Accounting (APA)
ACCA P4 习题详解
Advanced Financial Management (AFM)
高级财务管理 第二十九讲
ACCA Lecturer: Lily Wang
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
, Contents of Class 29
1 Strom Co 45 mins
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
2
, Strom Co 45mins
Strom Co is a clothing retailer, with stores selling mid-price clothes and
clothing accessories【配件】 throughout Europe. It sells its own-brand
items, which are produced by small manufacturers located in Africa, who
work solely for Strom Co. The recent European sovereign debt crisis has
affected a number of countries in the European Union (EU). Consequently,
Strom Co has found trading conditions to be extremely difficult, putting
pressure on profits and sales revenue.
The sovereign debt crisis in Europe resulted in countries finding it
increasingly difficult and expensive to issue government bonds to raise
funds. Two main reasons have been put forward to explain why the crisis
took place: firstly, a number of countries continued to borrow excessive
funds, because their expenditure exceeded taxation revenues; and secondly,
a number of countries allocated significant sums of money to support their
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
banks following the 'credit crunch' and the banking crisis. 3
Provided by
Academy of Professional Accounting (APA)
ACCA P4 习题详解
Advanced Financial Management (AFM)
高级财务管理 第二十九讲
ACCA Lecturer: Lily Wang
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
, Contents of Class 29
1 Strom Co 45 mins
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
2
, Strom Co 45mins
Strom Co is a clothing retailer, with stores selling mid-price clothes and
clothing accessories【配件】 throughout Europe. It sells its own-brand
items, which are produced by small manufacturers located in Africa, who
work solely for Strom Co. The recent European sovereign debt crisis has
affected a number of countries in the European Union (EU). Consequently,
Strom Co has found trading conditions to be extremely difficult, putting
pressure on profits and sales revenue.
The sovereign debt crisis in Europe resulted in countries finding it
increasingly difficult and expensive to issue government bonds to raise
funds. Two main reasons have been put forward to explain why the crisis
took place: firstly, a number of countries continued to borrow excessive
funds, because their expenditure exceeded taxation revenues; and secondly,
a number of countries allocated significant sums of money to support their
ACCAspace 中国ACCA特许公认会计师教育平台 Copyright © ACCAspace.com
banks following the 'credit crunch' and the banking crisis. 3
