Accounting Sample : Page - 9

Overview of the Enterprise Architecture ApproachThe report is prepared for Health Information Technology for Economic and Clinical Health Act or HITEC Act for maintaining the data and system integration. The enterprise architecture is used for creating a link between the business strategies because it is integrated with the business application, layers of infrastructure and the information. The consistency and the predictability of the project i...

Definition of ImpairmentThe decline in net carrying amount of the asset is above the generation of future unrevealed cash flows. The net carrying value could be obtained by deducting depreciation from the cost of asset acquisition. Impairment occurs when a firm sells or abandons its asset due to fall in its ability to fetch benefits. Thus, it is not needed to realise the impairment loss as loss in the profit and loss account of the firm. For...

Journal Entries in the books of White LtdSolution-1 Journal Entries in the books of White Ltd.  (Amount in $) Date Particulars  Debit  Credit 30 June, 2015 Accumulated depreciation (refer WN-1) 60,000 To Machine 60,000 (To adjust depreciation with cost of asset) 30 June, 2015 M...

The Corporation Act 2001 and its regulation of companiesThe corporation act regulates the companies in Australia and deals with the matter related to formation of the company, operation of the company, and duties of the officer, fundraising and takeover. The corporation act 2001 requires that the executive officers and directors of the company exercise their duty and discharge their power with care and diligence. The powers and the duties of ...

The Fundamental Steps in Negotiation ProcessQ1) What do you do consider to be the fundamental steps in the negotiation process, be it resolving a conflict with a boss, peer, parent? What should one do before, during, and after the talks? A1) There are a few fundamental steps which needs to be ensured in relation to a process of negotiation. These include The first step is in relation to identifying the problem and or the primary issue in r...

Double Entry Bookkeeping In An Integrated Accounting SystemAn integrated accounting system is a software application, which standardises the processes to record transactions along with disseminating financial information. The following steps would be followed to implement an integrated accounting system: Firstly, the accounting method needs to be selected, which might be cash or accrual accounting.  Cash accounting records cash receipt...

Defence Strategies in NetworkingInternet service providers face malicious threats from hackers every now and then that had formed the source of various risks associated with the transferring of internet to the clients. Therefore it is required that a network is made absolutely impermeable to assure that there is no risk associated with the networking system (Chang & Ramachandran, 2016). It becomes necessary that the defender system in a ne...

Date Details  Debit ($)  Credit ($) 01-Nov Bank and Cash a/c  1,540.00 To Revenue a/c  1,540.00 (Being cash received form a student towards fee for watch-making school) 02-Nov Drawings a/c 183.00 To Bank and Cash a/c 183.00 (Being s...

Bruce and Samantha Lee profileThe role of the adviser has been to provide the client with the financial advice and planning in order to gain their financial goals and objectives and enhance their wealth for the customers by exploiting their strategies that would be out of the scope of the client. The financial plan would be including your details and facts which would be helping me to formulate appropriate advises for the products which is to ...

Answer: Answer to Requirement 1 The net present value of a project refers to the difference between the present value of the inflow of cash and the present value of the outflow of cash over a period of time. NPV essentially reflects the profitability of an investment project. Furthermore, the internal rate of return refers to the discount rate that essentially values the net present value (NPV) of all cash flows in regards to a particular pro...

Lack of Integrity and TransparencyThe provided information is on the company named Sunshine Ltd and  the general manager of the company Kam Sunshine went to the accountant, Maria Mars for reduction in profit. The major motive of Kam is to do some modification in the upcoming profit of the company. This aspect has created an ethical dilemma on Maria Mars due to her concern for the renewal of her contract with the company. This has led to M...

IASB Conceptual Framework and its emphasis on qualitative characteristicsThe effectiveness of details that are being represented in the financial statement are developed through the existing IASB conceptual framework through ensuring relevancy and reliability of those information. The qualitative characteristics of useful details and knowledge such as relevance and fundamental characteristics recognized in the IASB Conceptual Framework are to ...

Profitability measures: Profit margin, return on assets, return on equityThe investors who generally invests in equity are apprehensive about the ability of the company to create, preserve and raise the amount of income. The extent of profitability can be assessed various interconnected dimensions. Primarily there is a relationship of the profit of the company in accordance to the revenue, which is even known as the residual return on per sa...

Industry and Situation Analysis of CPU4UThe case study is about the company CPU4U that engages in manufacturing hardware components for computers, phones, automated manufacturing equipment and electronic equipment (Theriou 2015). After completing the report, it will be easy to understand and explain the concept of strategic management as used in the contemporary business environment. It will even help in identifying the suitable objectives as ...

Comparison of National Currency with GCC currency or US DollarArticle 1: “Fed Raises Interest Rates for Sixth Time Since Financial Crisis”a)The main topic of the above article is the increase in interest rate by 25 bps in US and also expected two more rate hikes in 2018 so that the Fed rate can lie between 1.5% -1.75% p.a.b)The given interest rate hike was quite expected and would potentially prove to be beneficial for the econom...

Expectations from Capital Intensive AssetsA capital intensive asset is a significant portion of the component of the balance sheet of the company. Many giant companies like Reliance Industries; General Electric invests heavily in machineries and equipment. The industries which are highly capital intensive encompasses aviation, automobile, oil exploration etc.The investment in assets in such companies generally forms greater than 50% of the total...

Background and ContextThe auditing system is a methodical platform that measures the effectiveness with which the financial statements incorporate the true facts and figures regarding the financial performance of any firm. The internal and external control of auditing facilitate the process of evaluation of the financial statements as well as the accounting information that are being incorporated within the annual reports that reflects the fin...

Cut Off Risk AssertionAlmost all auditors are deemed to be some obligations that are evident in investigating and evaluating the financial statements of companies so that it might be made certain that they do not encompass any type of material misstatements due to any error or frauds. The stakeholders related with these companies in order to analyses the fairness and honesty within companies financial statements. At the time such financial sta...

InvestorsThere are many instances where the auditors have performed below the standards audit and were not able to provide the needed assurance dependably; and this whole aspect creates major risks for the key stakeholders of the companies (Hay 2015). This report takes into consideration the evaluation of Origin Energy’s key stakeholders as it would be helpful in measuring the effects of material misstatements on their decisions. The sec...

The importance of auditors doing their job to prevent material misstatementThe auditor’s report serves as a reasonable assurance as to the quality of audit being conducted and shows that the accounts of the company have been prepared without errors, omissions and material misstatements.  It has direct repercussions on the decision making by the stakeholders and hence it warrants for due diligence and utmost importance. Greg Medcraft...

About Lincoln University Dairy FarmLincoln University Dairy Farm (LUDF) is a farming development facility which looks after the advancements of farming practices which occurs in the South Island area. The firm is also indulged in development of dairy farming as well as other types of farming activity development in the area across the Canterbury Region. It is important to consider that the organization has created different stages of advancing...

Cabbies Concerned About System Tracking and CostThe selected software is the SIMANTIC IT Preactor APS can be defined as the type of software which are used for the purpose of planning the production and scheduling all the essential aspects of different medium, large and smaller sized business organizations. Advanced mathematic algorithm and used for the calculation and analysis of the production modules considering the constraints and variab...

Investment Policy StatementThe investment portfolio is a crucial aspect in finance studies as the matter is considerate of lots of success-critical factors for the business (Chow, Kose and Li, 2016). The finance professionals develop client’s portfolio based on these factors which primarily define the risk landscape a well as return expectation of the clients (Bisetti et al, 2017). The given report delves into the case study where a...

Discussion of Non-financial Information and Economic Consequences With increased global business watchdogs, and in the standards of the business practices linked with OECD, UN Global Compact and World Bank, non-financial information and its reporting has gained momentum (Haller, Link & Groß, 2017). Besides, initiatives for the non-financial reporting have been incorporated and developed across the globe. Reporting of the non-financial ...

Introduction to CSL LimitedThe report provides a brief analysis of CSL Limited, giving bits of knowledge into its financial performance for the past ten years. The historical money related information is gathered for the years 2008 to 2017 including the the income statement, balance sheet and cash flow statement of the organization. The report starts with a concise presentation about the organization and its core practices. In the later part, th...