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Part 1The Financial Statements of a Company is prepared by following the guidelines of the relevant Accounting Standards of the respective countries. Every Accounting Standards require Companies to disclose certain details pertaining to that Accounting Standard. These disclosures ensure that the important information are shared with the shareholders, investors, lenders, and so on. Such disclosures help avoid fraudulent practices entered in...
Product DescriptionThis business report has been prepared to assess the market and accounting element of Ruj’s Wipes. The main feature of this product is that it is a 2 sided wipe, in which first of its side has moisturizer and on the other side, cleanser is there. It is a unique product in the market. It would help the customer to remove the make up easily. In this report, sales budget of the company, purchase budget of the product, sel...
Superannuation contributionThe fruitful habit of making investments and savings has been an encouragement and it is the result of the concept of superannuation contributions. This concept provides for a better future to all the ones making an investment in different funds, getting results in the form of returns at the time of retirement. For tertiary employees, two different types of plans are available, one Defined Benefit Plan and second Inves...
The Collapse of the Lehman Brother and the Liability of AuditorsThe study has focused on variety of issues faced by the auditors in carrying out their liabilities and responsibilities especially at the time of the global financial crisis faced by the society. At the time and duration of the financial crisis, the auditors find it difficult to give reasonable amount of assurance about the proper preparation of the financial reports along wit...
SWOT ClassificationCard Factory began processes in 1997 with just a single store and has expanded its store estate primarily through biological development into a market-leading value shop with a nationwide attendance. The Group’s stores are in an extensive range of sites including on high roads in small municipalities through to main cities, shopping centre growths, out-of-town retail commons and sweatshop outlet centres. Card Factory e...
Question 1: AR Clerk handling receipts and bank reconciliationAnswer 1 No, it would not be okay if the accounts receivables clerks is also handed over with the work of bank reconciliation as it may enable the AR clerk to commit fraud. The fraud in relation to this issue is termed as lapping. Lapping involves delayed recording of payment received from customers so as steal the cash by gaining undue advantage of functions of records handling. I...
Maldives Plc CompaniesThis report is prepared to study the listed companies of Maldives. This report is prepared for evaluating the financial performance of the listed companies in order to recommend the investor for the purpose of investment in the best three companies of Maldives. For this purpose, all the quantitative and qualitative factors of every listed company are considered by viewing published annual reports. Many factors are consid...
Twin Agency ProblemAs per Scultz, twin agency problem is responsible for the existence of barriers with regards to capital flow even though the external barriers have been made extinct. He refers to two agency issues which through inter-related are actually separate. The first issue deals with corporate insider discretion which refers to the manner in which the corporate insiders exercise their control over the firm. They use their owner only ...
Expected Return of Stocks A and BExpected Return of Stock A: State of economy Probability Stock A Expected return Boom 0.35 0.13 0.0455 Normal 0.35 0.09 0.0315 Recession 0.3 -0.05 (0.0150) Expected return 0.0620 Expected Return of Stock B: State of economy Probability Stock B Expected return ...
The Five Criteria for Quality and Safety Governance FrameworkRisk management is a critically important priority in health care compared to other industries. Mostly risk management practices and strategies are implemented in organization to address employee related issues and mitigate financial losses. However, in case of health care system, the objective of risk management is more than just preventing financial losses. Risk management in healt...
Defined Benefit PlanThe employees which are indulged in the practices of providing the services which are of the main employment area are known as the tertiary sector employees (Alajbeg, Bubas and Sonje, 2012). There are certain types of sectors like tertiary sector or the service sectors in which employees working in the organisations have to maintain their own superannuation funds because they do not work under any employer (Antolin, Payet a...
Understanding of Profitability and Cash FlowThe title of the report is communication of financial management to the shareholders of the company. Shareholders of the company are the investors of the company who invest their money in order to have profitable returns. Due to this, the shareholders shall be provided with the details of each and every company about the working of the organization along with the financial statements of the company...
Part One: Concept of riskThe concept of Muffin Break traces its origin from Canada back in the 1970s. The Foodco Group later acquired it in the period of 1980s. In 1989, it arrived in Australia where it started its first ever café in Coolangatta. The café has branded itself, and it remains to be the leader in its category. It usually provides their customers with a variety of fresh products which are normally baked, prepared, and...
ObjectivesColleges play vital role in the society to ensure access of quality education to the society that is the cornerstone for economic development. College education is therefore a great investment to both the students and proprietors. The student gains skills and technical knowledge required in the job market as well as preparing them to indulge in self-employment. Generally, the people who have education in a particular field have a bet...
Role of International Finance in Mergers and AcquisitionsOne of the most critical parts of commercial economics is International Finance. It evaluates the affairs related to monetary connections of two or more countries. International finance examines the subjects such as exchange rates of currencies, worldwide financial system, global monetary systems, foreign direct investment (FDI), and other vital topics relating to international financial...
ProblemThis project report will be developed in relation with the strategic business Risk assessment, preliminary going concern assessment and inherent risk assessment. In this report various aspects of risk will be explained on that basis assurance will be made about the safety of business from the various factors exists into the external environment of business. Assessment of risk is considered to be an essential element for this report in o...
Developing as a LeaderIt is said that to make a business successful the major role is played by the leadership and the leadership starts with the leader. For me being a leader means setting an example for the team by defining and exhibiting moral and ethical courage in attaining the organizational objectives. A leader leads his team with a vision that he communicates to his team and together they meet the targets set by the organization. A lea...
Five internal control strengths in Big’s payroll systemInternal control procedures can be said as practices which are followed for protecting business resources mainly relating to recording, distribution and preparing of payroll (Shah & Nair, 2013). In case the appropriate procedure is placed to ensure that assets of the company are protected from the risk of fraud and eliminating errors. Five internal control strengths in Big&rsqu...
The following are the various calculations: (Amounts in $ in billions) Particulars 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 Cash inflows: Revenue 11.20 ...
Research Objectives and QuestionsThe contracting company is one of the leading sectors in the in present era and has been considered as the fastest growing industry in both small and large scale. Despite being the leading sector, it has been facing the fear of cash crunch and losses since few years. The problem arises as the companies are unable to control their cash flows and the rate of involves in the industry has been increasing every day....
Analytical Procedures for DIPL1.Analytical method has utmost significance for the analysis and evaluation of the financial information of the companions from the financial reports. At the time of developing the audit, plan for the Double Pink Printers Limited (DIPL), the analytical method of financial information is considered as most valuable aspect. It needs to be mentioned that the audit plan of the companies provides necessary direction or...
Conceptual FrameworkThe choice to receive IFRS is picking up energy by the days as more nations grasp the selection. By and large, it is trusted that the appropriation emerges from the understanding that IFRS is an item with system impact, (Zeghal 2012). Cahan and Emanuel (2011) watch that system impact is said to exist where clients discover more item similar to administration. Accordingly, it is however watched that as an ever increasing num...
Overview of Sanitation CrisisSanitation is considered to be among the leading global challenges. It is approximated that over 2.5 billion people have no access to clean and safe water. Likewise, over one billion are exposed to the open defecation on a daily basis which brings about devastating consequences. It is important to note that the issue of sanitation had been listed among the Millennium Development Goals that were to be implemented ...
Decoding Shadow Banking from Financial Stability BoardThe report presents information about the Chinese business and growth of the shadow-banking sector in China during the recent times. The shadow banking in China has been growing largely due to the huge impact of Government campaigns against the financial leverage. This has also prevented the lending by people, and the bond financing has reduced as well. The shadow banking of China is a kind...
As a public listed ASX Company Harvey Norman Holdings Limited is engaged in activities like integrated retail, digital and property enterprises and franchise business. It operates under the franchise system in Australia and delivers unparalleled offerings to the Australian customers consistently with extensive ranges of product, market leadership for key products and cutting edge technology. It grants franchise to the independent proprietors u...
