Debenhams PLC

explanatory Essay
2104 words
2104 words

Debenhams starts its history in 1778 when William Clark opened a store, selling expensive fabrics, bonnets and parasols. In 1813 renamed to Clark and Debenhams because William Debenhams invest in the business, and in the following years the firm was profitable from the Victoria fashion. In 1851 Clement Freebody invested in the business and renamed to Debenhams and Freebody. A wholesale business was born, selling cloth to dressmakers and other large retails. In 1905 Debenhams Limited was incorporated, and in 1919, the business joined with Marshall and Snellgrove. In 1928 Debenhams became a public company. By 1950, Debenhams owned 84 companies and 110 stores with result to be the largest department store group in UK. Debenhams was part of the Burton Group from 1985 to 1998, and during that period the firm was repositioned with the introduction of exclusive merchandise, and its stores increased in number. Then in 1997 the first international franchise store opened in Bahrain [1]. In now days Debenhams PLC is a top department group of 166 stores in the UK, Republic of Ireland and Denmark, and employs 25.000 people. In addition, it controls 60 international franchise stores in 23 countries. Debenhams offers products for women, men, children and houses. It seeks to complete the in-store and online business in order for customers to have the maximum of choices for their shopping [2]. Management accounting in organisation is very important for decision-making and to make the business more efficient and therefore increasing its profits. Is the process of preparing accounts that can help managers to make day-to-day and short-term decisions, by providing them with accurate and timely key financial and statistical information... ... middle of paper ... ...Cited$ja=kw:debenhams|cgn:Debenhams+Single+Term|cgid:1346875988|tsid:16252|cn:Brand+Terms|cid:45823838|lid:21835340|mt:Phrase|nw:search|crid:7487034308 [1] History of Debenhams Plc [2] Overview of Denenhams Plc [3] Management Accounting Definition [4] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 3, Cost Assignment, p. 54-59 [5] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 17, Standard costing and variance analysis, p. 425-436 [6] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 8, Cost-volume-profit analysis, p. 165-173

In this essay, the author

  • Explains debenhams plc's overheads and traditional absorption costing, which is represented in four steps.
  • Explains that debenhams started in 1778 when william clark opened a store, selling expensive fabrics, bonnets, and parasols. in 1813, clement freebody invested in the business and renamed it to 'depenham'. management accounting in organisation is important for decision-making.
  • Explains how debenhams plc can use non-costing management accounting techniques such as variance analysis, cost volume profit analysis and investment appraisal.
  • Cites colin drury, management and costing accounting, (7th edition), chapter 3, cost assignment, p. 54-59.
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