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Understanding of the ClientThe auditing procedure of the financial statements of a company are essentially carried out for the purpose of evaluating the fact as to whether the financial report that is prepared for a stipulated financial year reflects the true image of the corporate entity. This means that the controlled set of guidelines or structures should be necessarily complied with for the purpose of reflecting the fairness of the account...
Information about the clientAuditing is considered as the systematic and methodical process of inspecting as well as examining the financial statements of the companies in order to make sure that there is not any material misstatements in them (Louwers et al. 2015). Before commencing the audit works, it is needed for the auditors to chalk out the audit strategy in detailed manner. An Audit Strategy sets the direction, timing as well as sc...
Background of the ReportThe report has been prepared on the 2 listed companies in Hong Kong namely Cathay Pacific and China Overseas Land and Investment Limited (Coli). Both the companies have been analysed w.r.t. to audit and the financial statements for the year 2017. The nature and the core business of the company has been explained in brief and then the financial statements of both the companies has been compared with the respective indust...
Project Objective and DescriptionThis report is based on the identification and planning for the procurement of Uninterrupted Power Supply (UPS) systems. The company is As-Sabuur Nigeria Limited. The primary objective of the company is to install generators in various houses and other organisations. The company provides such kind of power back-up services in places which face power outages. As-Sabuur Nigeria Limited, which is a reputed name in t...
Case Study DiscussionThis presentation aims to conduct a key analysis of the implications of the US-China trade war. In the first section, the primary issues highlighted in the KPMG report highlighted s the case study have been discussed here in detail. In the second section, the subsequent development of the US China trade war on the finance and the debt-equity market, have been discussed In the last section, the implication of the trade...
Overview of CompaniesThe report would concentrate from the viewpoint of a foreign investor intending to make investment in the Australian market. Hence, the organisations chosen for meeting the purpose of this paper constitute of Reliance Communications Limited and TPG Telecom Limited. The primary part of this report is to provide an overview of the two above-stated organisations with special emphasis on their comparative advantages. The next ...
International Business and external forcesThe international business study has broadly developed in recent years. As stated by……., international business is a growing segment, because each zone in the management may have its international aspect. As an outcome, the maximum effort has been made in the current time period in order to map the field summarising patterns and trends. The analysis of the different forces like political,...
Factors Affecting Investment StrategyThe situation decides the investment strategy rule. The rule of decision is basically consists of three factors projected life, discounting factor as well as cash flow. The assessment of the three factor impacts the guidelines of the decision. Valuation of cash flows include vast understanding of the plan previously it is practical in mostly macro and micro view of the economy, administration also the busines...
DefinitionsQuestion 1 – Definitions Overnight rate It’s a rate where main participants in money markets lend and borrow money overnight (for a day) among them. It is also the interest rate that Canada’s commercial banks lend and borrow funds for a day among each other. It is sometimes used by the Bank of Canada to influence the monetary policy for Canada. (Scheithauer, 2011) Prime rate (In Canada) It is...
Bank deposit documentation1.Hospitality businesses require to controlling costs and set budgets for every area of operation in general. Legal requirements included allocating funds to a number of mandatory taxes and liabilities (Henry, 2017). Legal aspects in which the companies require to allocate funds in include: Insurance premiums Negotiation of service taxes Real estate taxes Energy management and consumption taxes Service taxes to...
Risks to Assertion Related to Green Machine LtdASA 701 is mainly introduced so that whole actual audit matter can be ascertained and computation can be done. Moreover, after such procedure, communication on the auditor part is needed to develop a report that is unbiased. Further, the management should have a direct focus on the story because such disclosure can help in reflecting the genuine state of the company (AUASB, 2015). About this, an i...
Microsoft's Products and PartnershipsMicrosoft is a renowned multinational innovation-based company. Headquarter of this organization is established in Washington, United States. This company was incorporated in 4th April 1975. It was founded by Paul Allen and bill Gates. Some of the best-selling products of this company includes Windows operating system, MS- office suite of productivity software, a series of entertainment games, video,...
Overview of Kerry GroupThe purpose of this report is to analyse the interim financial report of Kerry Group from the director’s point of view. The motive is to discuss on the issues that are related with financial as well as strategic performance of the company. Kerry Group is Ireland based public limited company and this company deals in consumer food products. Initially Kerry group has been founded as private limited company by the Lis...
Capital Budgeting Decision of CompaniesIn the given assignment, two sections of corporate finance have been given. 1st part of the first section deals with the capital budgeting decision of the company and how the net present value calculation including inflation has to be done and the second part deals with the issues with the net present value technique and how the same can corrected (Belton, 2017). It also highlights whether or no...
Reasons for Business ConsolidationMergers and acquisitions together form one of the most important aspects of consolidation of a business. Mergers and acquisitions have been taking place among financial institutions and various other businesses for well over a decade specially in the developed countries such as the UK, USA, and many others (Economist.com, 2018). There are various reasons which goes into play for the consolidation between busin...
International currency market movementInternational currency market movement Deriving an accurate prediction of the currency market movements and activities can be extremely difficult given the numerous fluctuations and varied externalities (Salisu, Oyewole, & Fasanya, 2018). Notably, there has been a drastic change in the currency market movements and activities from January 2nd, 2018 to August 31st, 2018. For instance, the Euro has...
Importance of Organisational Sustainability in Promoting Employee Engagement and ProductivityOrganisation sustainability is one of the major development aspects of the productive nature of the organisation in case of employees’ engagement and productivity. There are some situations where business dealings are not justified their places and that create a problem for the company as well as for employees. Some rules are needed to be revis...
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...
Portfolio Theory and Capital BudgetingThe objective of the given report is to answer the financial questions with regards to different aspects of NPV coupled with risk and return related discussion. In this regards, reference has been given to the portfolio theory and theoretical underpinnings related to capital budgeting. Additionally, the client investments have also been critically analysed in order to provide advice to the client with rega...
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...
Loan CalculationPart A (i) The interest that will be paid in first month of 25th year of loan is $ 705.6246. The formula for computation of interest is IPMT(Rate, Per, Nper, PV, FV) Accordingly, the formula put in was IPMT(0.036/12,289,360,-800000) The solution that was arrived stands at $ 705.62 Part A (ii) The total amount of interest that will be paid over the life of the loan is $509378.61. Sl No Particulars Amo...
Explanation of Financial RatiosHaving attended a workshop purposed mainly for understanding annual reports of a company, it has been required that a report should be prepared to the manager using the annual report of Tesco. This paper gives a summary of such report, which discusses three types of stakeholders of Tesco and analyses how the company’s environmental and social review as well as the corporate governance report helps Tesco in ...
Overview of the companiesIn the modern way financial decision, making process evaluation of invest in securities market is very important. It can be stated that the evaluation of company is financial and market position is very important to check the viability of the investment that is to be made in the company for future operational activities. It can be said that investing in capital markets is full of uncertainty and risk hence proper...
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...
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