Finance : Page - 14

Materiality DiscussionPreparation of an audit process requires a preliminary survey which helps the auditor to become familiar with the procedures and policies which might impact the areas being audited. A proper audit plan helps in identification of the critical accounts that need to be examined to disclose any fraud in the company financial statements. Bellof and Wehn (2018) argue that the audit plan involves a collaborative effort of the au...

Key FindingsAn audit planning financial analysis report has been prepared on the given entity through variance and trend analysis for the year 2017 and 2016 (Dichev, 2017). The income statement has been prepared basis this. All the significant accounts where the deviation is material have been analysed, the audit assertions and risks have been checked and finally the audit steps have been recommended for the same. Preliminary analytical r...

Financial Accounting and ReportingFinancial Accounting and Reporting is considered as a major factor for the success of the business organizations. Financial accounting refers to a specialized branch of accounting that helps in keeping the record of all financial transactions (Nobes 2014). At the same time, Financial Reporting refers to the process to produce the necessary financial statements for disclosing an organization’s financial p...

CAPM method and the graphical representation of CML and SMLThis report shows the graphical presentation of the undertaken security market line and capital market line. It shows how CAPM method is used to compute the required return of the investors. The graphical representation of the CML and SML will help investors to assess the low risk and high return on his investment. The main issue in computing the right amount of cost of capital in part...

What is Capital Market Line (CML)?The Capital Market Line (CML) depicts a risk- return relationship as well as a measure of risk for the efficient portfolios. On the other hand the Security Market Line (SML) shows a relationship between the expected return and beta of a portfolio. The Capital Market Line takes into account only the efficient portfolios that are available whereas the Security Market Line depicts the individual as well as the in...

Introduction to Strategic Risk ManagementStrategic Risk Management is a process that includes identifying the risks, assessing the risks and managing the risks which an organization may face due to internal and external factors, scenarios and events. The risks identified may restrain an organization from achieving its objectives and goals as the risks tend to impact the functioning of an organization. Thus, the main aim of strategic risk manag...

BackgroundRemarkable University has been intending on implementing digitization in the field of result declaration system. The major concern of Remarkable University is to increase the efficiency of the result distribution among the students of Remarkable University. During the implementation of digitalized data base, the major concern for Remarkable University was the security related issues that are present in the course of data management p...

Approaches undertaken by Parks Company to win the Blue Spider projectProject management is concerned with organising, planning, leading and controlling of organisation resources for short-term objectives that are advanced to accomplish particular objectives and goals (Kerzner, and Kerzner, 2017). Accordingly, project management brings together different teams to see to that they work in unison to realise a given agenda. Project are usually acc...

Overview of PMBoK GuidelinesThe paper is a report about management of projects and considers various aspects of Project Management. These aspects of project management are in accord with the PMBoK guidelines. PMBoK is Project Management Body of Knowledge and contains guidelines and principles for management of Projects both large and small and of various industries. The various aspects include stakeholder management, time management, cost mana...

Did the property and the risk indeed pass to Melissa, Smith and Misha once the goods were left at CTF’s delivery area?Did the property and the risk indeed pass to Melissa, Smith and Misha once the goods were left at CTF’s delivery area? According to section 22 of the Fiji risk law, a good remains at the seller’s risk until the property is transferred according to law. According to this case, the transfer of property as agr...

Equity Section of the Balance SheetIt is necessary in all the business that the financial information should be presented in the proper and appropriate manner so that the accuracy can be maintained within the organization. This information is necessary as it helps the managers of organization in taking the strategic decisions for the organization. With this the report will also the comparative analysis of the various elements which are present...

Calculation of Cash Conversion Cycle for Cash Convertors International LimitedThe net estimated time taken to receive and make all payments is known as the cash conversion cycle. A shorter cash conversion cycle is always considered to be favourable for the company. It helps to determine and maintain the liquidity position of the company.  It is a known fact that it is important for the company to have an adequate liquidity so that it does...

The Australian Tourism Industry ReformsAustralia is among the richest countries in the Asia-Pacific region. It has enjoyed economic expansion for the past ten years since the 2008 recession. The economy of Australia is free with a freedom score of about 80.9 and is ranked among the top five countries with the freest economies in the 2018 index (Michael, 2013).  Industries in the economy of Australia are open to competition from foreign in...

PurposeFinancial analysis is the procedure of evaluating and analysing the financial statements of the company. It deals with the examination of accounts prepared by the organization at the end of the accounting period. Generally, the analysis conducted is used by the investors and management to make correct and appropriate decisions regarding the concerned entity (Fridson and Alvarez, 2011). The report contains ratio and horizontal analysis o...

The SAP S/4HANA FinanceThe SAP S/4HANA Finance refers to a financial application in the platform of SAP S/4HANA ERP. It is comprised of a collection of interrelated functions of financial management. It gives a real-time information from the applications of enterprise resource planning (ERP). The SAP S/4HANA Finance is portion of S/4HANA which is established on platform of in-memory SAP HANA database. The S/4HANA incorporates the cross-organiz...

Corporate RegulationFinancial reporting frameworks are the most important tools to the preparation and presentation of the financial statements. In this assignment, we will be discussing the needs of the standards or guidelines for the accounting and reporting of financial records of an organization. We have also covered in the assignment the reason to why should preparation and presentation not be voluntary to the organizations. Internatio...

Act of bankruptcy and its consequencesDennis Sharp has received bankruptcy notice from the Australian Taxation Office (ATO) which claimed due taxes of $1,425,950.75. It became clear that Dennis has transferred business assets to Uruguay. In addition, Dennis and his wife were seen loading a van with furniture from their home in the night.  According to Section 40 (1) of Bankruptcy Act, 1966, when a debtor commits an act of bankruptcy if i...

Economic Analysis In this era of global competition, organisations have become more specific about the kind of projects they invest in and the criteria’s that are used in evaluating the viability of a project. Any organisation that exists in the marketing must be economically viable, socially adaptable and environmentally sustainable. Project managers are hired to choose the appropriate project for both the organisation and the society. In...

Financial Analysis of the CompaniesThe main purpose of this assessment is to analyze the business of JD Sport Fashion Plc which is engaged in the business of providing retail services for products like sport goods and fashion wears. The management of JD Sport Fashion Plc is thinking of purchasing the business of J Barbour & Son Ltd for which the business needs to analyze the performance of both the companies and also its close competitors....

DuPont Analysis DuPont formula is a technique to assess return on equity of a company. It breaks the process into 5 parts. The name of this process has come from DuPont Corporation which has started using the formula initially in 1920s. The report explains about the return on equity of top 4 banks of Australia. AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD, COMMONWEALTH BANK OF AUSTRALIA, WESTPAC BANKING CORP and NATIONAL AUSTRALIA BANK LTD’...

Ratio Analysis This study is about financial analysis of Equus Mining Ltd. This report helps in analyzing the financial position of the company from which one can make out whether the company is a good option for investment by investors or not. Equus Mining Limited Company is an Australian company that is mainly listed on the security exchange board of Australia. The company focuses on the development of natural resource projects in Chile th...

Description of JB Hi-Fi Company With the ramified economic changes and complex business structure, each and every investor should use financial analysis tools before making investment decision. These financial analysis tools assist in evaluating financial performance of company. There are several financial tools such as ratio analysis, bottom up analysis, cash flow analysis and top down analysis. This analysis is used to evaluate the past and...

Description of the company The current report is based on understanding the financial performance of the Boral Ltd and investigating into the possibility of making investment in the company. The study would be opening up with brief description of the company by outlining the core activities of the organizations the market in which the company operates and the factors that contributes to the history of the company. The report would be taking i...

Implication This paper is based on the article, "The effect of IFRS adoption on the financial reports of local government entities" published by Ahmed and Manzurul in 2011. The IFRS standard has been implemented in various nations particularly the European Union’s members aside from the USA that employs US GAAP. However, the US has recognized critical areas in this standard and fused them in their models. These standards that wer...

Reasons for implementing ERMDiscuss about the Enterprise Risk Management for Entropic Communications Inc. Enterprise Risk Management is one of the leading tool used for addressing and measuring the risks. As per the Sarbanes-Oxley Act passed in 2002, companies are required to produce and maintain an annual internal control report for verifying the effectiveness of their internal control procedures. In order to meet these compliance ...