assertion towards its assumptions. However‚ the above procedures taken by auditors were not adequate to determine the appropriateness of the management’s estimates. First‚ Billy’s was a new client to the audit teams‚ which meant the engagement team should take some actions to obtain some understandings towards the new client. The engagement team should contact the predecessor auditors to obtain knowledge of Billy’s. If the engagement team failed to gather enough information about the client‚ the control
Premium Depreciation Asset Auditing
Report to Tony Russo Impact of Tony’s new initiatives on accounting: Any significant adjustment required‚ etc. Organic Product Line- There appears to be an impairment loss which occurs in the organic Product Line. As per the case‚ approximately $5000 worth of perishable product has been discarded as it had reached the expiry date before being sold. Moreover‚ customers have indicated that they would be willing to purchase more of these products if there would be a reduction in price by 30%. According
Premium Balance sheet Contract Generally Accepted Accounting Principles
Major Facts: The major facts that are to be taken into consideration are that the company Captiva Conglomerate has a contract with S.O Software developer for a new custom inventory and spare part management system. The management of Captiva Conglomerate is concerned with what to do at this point in the contract. Also‚ the president of Captiva Conglomerate signed the contract that states “best effort” which as long as S.O Software can prove it will be hard to sue for damages. Major Problems:
Premium Contract Software development Software engineering
1.0 Executive Summary D&S Realty‚Inc.‚ is an corporation in the city of Georgetown Guyana. This corporation is capitalized by two stockholders: Shelroy Johnson and David Foo Jnr. who are both licensed brokers and sponsoring brokers of this firm. The licensed brokers of this firm will sponsor licensed real estate agents( independent contractors) in the country of Guyana. This corporation will formalize the real estate services offered. D&S Reality Inc. will be opening its doors for operation in
Premium Stock Bank Financial services
people are unaware of the fact that only a few conglomerates dominate mainstream media. Nonetheless‚ it is clearly true—the nine current media conglomerates together own more than 90% of the media market. In determining how oligopoly in the media industry affects the messages that people receive‚ its necessary not only to look at the market share controlled by conglomerates in aggregate‚ but rather by each conglomerate. I contend that if a single conglomerate controls a substantial portion of the media
Free Mass media
IRSPROPOSAL Course: Lecturer: Title: Prepared by: Due Date and Time: Business Research Methods (626) Mr. Schofield The Future Growth of Apple Inc. Stefania Arrivabene Monday November 5th‚ 3:00 PM Stefania Arrivabene IRS Proposal ESE 60 Lecturer: Mr Schofield Table of Contents Acknowledgments ........................................................................................................ 3 Introduction ...........................................................................
Premium Qualitative research Product life cycle management Scientific method
What is a family conglomerate (FC)? Family conglomerate is a large multi-industry corporation which is highly diversified and privately-owned by its investors or people who has close relationship with the investors. Family Conglomerate usually engaged in entirely different businesses together into one corporate structure; control much economic activity and job employment in emerging markets. It also enjoys government support‚ extensive networks‚ access to capital‚ and market knowledge. For example
Premium Public company Finance Economic development
As a requirement of my role as Support Worker for Options Of Independence. I must support my service users with administering medication‚ in order for me to administer medication safely under the Royal Pharmaceutical Society guidelines‚ Handling Of Medication in social care 2007‚ and under Dundee City Council guidelines‚ I must check that the medicines are correct by checking the medication pack and label on the box must be by the pharmacist or dispensing gp‚ and identify the service user correctly
Premium Prescription drug Pharmacy Pharmacology
CASE STUDY: RATIOS AND FINANCIAL PLANNING AT S&S AIR 1. The calculations for the ratios listed are: Current ratio = $3‚138‚220 / $2‚162‚080 Current ratio = 1.45 times Quick ratio = ($3‚138‚220 – 1‚238‚500) / $2‚162‚080 Quick ratio = 0.88 times Cash ratio = $365‚040 / $2‚162‚080 Cash ratio = 0.17 times Total asset turnover = $20‚077‚000 / $15‚453‚900 Total asset turnover = 1.30 times Inventory turnover = $14‚985‚000 / $1‚238‚500 Inventory
Premium Financial ratios Financial ratio
Jacques Chirac. Afraid of the inability of the French weak capital markets to absorb large quantity of shares domestically and hesitant to open ownership of France ’s "crown jewels" to foreigners‚ the French government encouraged large privately owned firms to soak up the new shares offered during the privatizations. In 1995‚ the country ’s real GDP growth was 2.1%‚ sinking to 1.5% in 1996. Investment growth was negative and consumer spending weak. By 1997‚ unemployment in France reached a post war
Premium Management Real estate Strategic management