Finance : Page - 5

Auditing and its Importance in DIPL1. Auditing refers to the process of inspecting various financial statements of the business organizations in order to ensure that the financial statements are free from any kind of material misstatements. The same aspect can be applied in case of Double Ink private Limited (DIPL). There are some areas in business that need the work of an expert in auditing process. They are the appraisal process of environme...

Background of Etihad AirwaysPerformance measurement system can be considered to be information system that are essentially utilized for evaluation of both individual as well as organizational performance[1]. Nowadays, management of firms use important non-financial measures along with key financial measures within a particular performance measurement systems in order to offer managers with suitable information regarding the overall situation of ...

Objectives of financial reporting through IFRSInternational Financial Reporting Standards (IFRS) can be understood as accounting standards set by a non-profit independent organization like International Accounting Standards Board. The objective of the paper is to explain key objectives of financial reporting employing IFRS. The conceptual framework of IFRS evaluation will facilitate explaining users of financial statements and the aspects it d...

Understanding the Demand for Audit and Assurance ServicesThe decisions of finance are very important and are taken after a very deep study and market research. The information provided in the market are the base of such financial decision marking. The investor gathers all the information about the company before he invests in it. The decision to invest in any company is dependent on the correct information gathered from the market. The audit r...

Risk AssessmentRisk assessment is the activity of finding out the quantitative or the necessary qualitative estimate of risk related to well define situation. Threat is also called a hazard, a qualitative risk assessment requires for there to be a calculation of more than two objects of the dangers. There is magnitude of the potential loss), thus it is regarded as the probability or likelihood of a certain event occurring. The organization ha...

Identification of Sustainability IssuesSustainable development is not a new concept. This has been prevalent for quite sometime. During the early part of 1900s, quite a number of universities were introducing this concept in their outlines for training critical thinkers in ethics and morality. Sustainable growth is a broad area, which is highly concerned about the impact the human activities can create on the environment, social welfare and ec...

Methods and Tools for Identifying Risks in a BusinessRisks identification is critical for any type of business, hence methods for application used for identifying risks in a business are as follows; ISO/IEC 31010:2009: Applying this standards will easily allow identifying all possible risks that exists within business functionality.   Brainstorming: Employees, labours and other workers will be asked to provide feedback to manager rega...

Measuring GDP and Economic GrowthMeasuring GDP and Economic Growth (a) The value of the produced output at the given market price is: $ [(3,000,000 * 1) + (50,000 * 20) + (20 * 50,000) + (50,000 * 20) + (1 * 1,000,000) + (2 * 50,000)] = $ (3,000,000 + 1,000,000 + 1,000,000 + 1,000,000 + 1,000,000 + 100,000) = $ 7,100,000 = $ 7.1 million (b) Mark’s annual wage at Pizza hut = $15,000. His income from selling pizzas = $5 * 4000 = $20,...

BCA Regulations for Building and Demolition Projects1.As per the Demolition and Building Work Policy of the council, it is required that all the work pertaining to building and demolition is to be carried out in the safest method that is possible and at the same time all the legislative requirements are met with. The Occupational Health and Safety requirements have been followed as per the regulations set forth in OHS&W Regulations, 1995. ...

Present economic theories and their influence on financial segment in AustraliaThe worldwide financial crisis is essentially set off by the collapsing of the sub-prime market of particularly mortgage in the US. Also, the housing bubble also occurred during the 2006.  Essentially huge loan defaults that led banks to basically assume ownership of nearly houses of no value that subsequently led the way to loss (Frydman and Phelps 2013). As a r...

Situation prior to GFC and AFCAsia showed remarkable resilient in the face of the GFC and its output performance remained stronger compared to other regions. Before the GFC, Asia had a better initial condition in terms of lower external as well as financial vulnerabilities. These contributed significantly to Asian resilience. The main pre-crisis variables in Asia entailed moderate expansion of credit, dependence upon deposit-funding, improved ...

Conditions for Mergers and AcquisitionsPartnerships are needed by companies and organizations for enhancing the productivity. These partnerships are of different types- mergers and acquisitions. When two companies merger into one, it is tagged as mergers. On the other hand, when one company takes control of the other, it is the acquisition activity of the company (Cartwright & Cooper, 2014). Mergers and acquisitions are one of the major ec...

Equal Credit Opportunity Act (Regulation B)1.Present report emphasize on Regulation B of Law of Banking and Financial Institutions. Regulation B deals with law relating to ‘Equal Credit Opportunity’. The aim of statue behind application of such regulation is to require financial institutions which are engaged in extension of credit to provide credit available to all creditworthy customers without regard to race; sex; marital status...

Section 1: identify hazardsQ1: What does the law say about your responsibility to manage workplace risks? The Work Health and Safety Act 2011 and Regulations require the persons who are obligated to ensure the health and safety of the workplace minimises all the safety and health related risks as far as it is practicable. The persons responsible for ensuring the workplace safety must follow the four steps to eliminate any such workplace...

Principle 7 of Good Corporate GovernanceIt is the said duty of the board of directors involved in the all the Listed companies to identify risk and take proper measure to deal with them, says ‘Principle 7 of the Australian Security and Investment Commission’. If the stringent measures are not taken when required, the company and its Stockholders, creditors, consumers and even the society might suffer from adversity. It is so recommen...

Weighted Average Cost of Capital (WACC): Meaning and SignificanceThe financial management is a dynamic and the most crucial component of the overall management in any organization. The success of the business largely depends upon the effectiveness of the financial management of the firm. As part of the decision making process, the financial management domain is concerned with analyzing the financial viability of the projects (Brigham and Daves...

Situation analysisExecutive summary CEH Investments is a mortgage broker company which is committed to providing the best mortgage and lending services. The aim is to keep building client database and have the regular loyal customers. CEH Investments and is a sole proprietorship business owned by Maria Halabi.  The business is situated Ontario, Canada with its head office being in Toronto City. The city is a prime location for the busine...

Working capital managementThe assignment discusses about the management of working capital. It shows about the relationship between current liabilities and current assets. It depicts the stakeholders, that whether the company is able to pay off its current liabilities from current assets. It provides a brief introduction on inventory management and receivable management. Inventory management helps the management in maintaining the required level...

Project DescriptionDairy Farm Group of Companies has incurred losses in the current year due to lack of any decision-making system.  This is the reason why, it is suggested that the organization needs to implement an effective MIS system in order to recover from the losses. This will also give them a competitive edge in the future. This project proposal will evaluate the project scope, work break-down structure (WBS), quality, risk assess...

Naming Cells in SpreadsheetIn spreadsheet, there is a tool to change the cell references by any name according to the user to make it easier and quite useful for the user. Through this naming, it becomes easy for the user to apply formula (Stratton, SAS Institute Inc., 2009). This reduces the chances of error in the calculation. This tools helps the user in auditing, managing, updating and administrating the calculations in a well manner. It a...

Part A: Budgeted Room Revenue Calculation for Hotel Industry Question 9.45 on the Dorquary Hotel Computation of budgeted room revenue for each of the three months Budget- It is prepared to calculate the revenue and budget of the hotel for the three month. This three month budget has been prepared to identify the total revenue and expenses incurred by Dorquary Hotel for its business functioning. These are the details of the rooms and occ...

Environmental Hazards Associated with the Oil and Gas IndustryThe drilling of gas and oil had adversely affected the environment even though the world is almost entirely dependent on them (Odell, 1975). The current demand for these commodities on a daily basis is alarming. This is because most of the petroleum products are universally used across all industries including the manufacture of insecticides, plastics, and sparingly in the medical w...

Step-by-Step Guide for Analyzing Historical Market ReturnsAll the data has been taken from the reliable sources : (a) Calculation of monthly percentage return for the company’s shares during period? In order to answer this question company JB HI- FI Company has been taken for the further analysis (Brigham and Houston, 2004). Interpretation There has been shown monthly percentage return on the basis of Historical price of JB HI- ...

Ford MotorsThis report presents the user about the comparison of two companies which are ford motors and General Motors on the basis of various financial data and the figures. For this report, various financial tools have been used. Ford motors: Ford Motors Company is an American company which is operating its business into international market. Headquarter of the company is in Dearborn, Michigan. This company has been founded in June, 1903....

Regulatory Factors and Analytical ProceduresTwenty-first centuries is known for the development of various businesses all over the world. With the increase in different businesses activities, it has been seen that various risk factors in the businesses are also increasing. For this reason, it is required for every business organizations to analyze and evaluate different risk factor affective the business operations of the companies. This aspec...