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Security Market Line vs Capital Market LineThe overall assessment aims in comparing SML and CML line, which helps investors for improving their current investment scope. In addition, the discussion on the significance of minimum variance portfolio is mainly conducted, which helps in depicting the level of income that could be generated from the portfolio. Furthermore, the minimum portfolio variance actually allows the investors for improving t...
Section 1: The Level of Materiality to Be Used For the AuditThe purpose of this paper is to examine the 2017 annual report for Cimic Group Limited Company and determine the level of materiality that should be used for the group accounts for the fiscal year ending 2017. This report also represents a preliminary analytical review on the information that is provided by the company. Key balance sheet and profit and loss ratios over the period 20...
Impact of the Financial Crisis on Ecuador EconomyGenerally, the Ecuador economy is highly relying on the petroleum sector at large which takes into account about 50% of the country’s exportations with almost 25% of the government sector over the past years. Between 2014/2017, there has been an effect on the economy as a result of the financial crisis which, which caused a tremendous decline in the country’s GDP rates with the pover...
Audit Procedure and Trend AnalysisASA 315 “Identifying and Assessing the Risk of Material Misstatement through understanding the entity and its environment” specifies the responsibilities of Auditor regarding determining and evaluation of risk of material misstatement in the financial statement by comprehending the environment of any individual including individual’s internal control (ASA 315. Understanding the Entity and Its...
Risk areas for bank auditsThe banks in Australia are governed by the Banking Act, 1959 and Reserve Bank Act, 1959. Apart from that the provisions of Corporations Act, 2001 is also applicable for established entities. The objective of conducting an audit of a bank is different from the objectives of auditing an ordinary entity under the Corporations Act, 2001. Apart from independent verification of financial information auditor of a bank al...
Discussion on BudgetingThis paper is mainly purposed for giving a discussion and explanation on the findings of two studies on budgeting which are based on real life organizations. Regarding this, budgeting has been explained with much detail in this paper in one of the sections below. Additionally, this paper has given a detailed discussion on what the two studies have been purposed, as well as the research questions regarding budgeting which...
Company profileInternational business is an integral part of the contemporary business organizations due to the reason that it determines the potentiality of the business in the long term. International business refers to the process of operating across different countries and catering to global customers. In the current time, business organizations opting for the international business in order to cater to larger section of customers and incr...
Company OverviewThe procedure of measuring and evaluating the performance and position of a company is known as financial analysis. It determines the feasibility of a business for long run along with the critical examination of its profitability position. The assessment is based on the data presented in the annual report of the companies and is compared against the industry averages. There are various tools that are used for conducting such an...
Liquidity Position AnalysisThe present study is based on a comparative evaluation of NRW Holdings Limited and Reliance Worldwide Corporation Limited by computing their financial ratios and comparing with industry standards. Overview of both the companies is as follows: NRW Holdings Limited NRW Holdings is well known for providing the diversified services to the resources, civil infrastructure, energy, and urban development areas. The compa...
Critical Review of the Global Issues and Risks for the Financial Institutions or BanksThe purpose of the report is to analyze the risks and challenges in the global scenario for the banks and FIs from the global issues and the ways for the improvement in the legislative system and regulations of the globalbanking system and financial operations. The Global banking and financial system isthe large and wide framework of the legal agreement...
Particulars Value Rate 0.30% Time 360 Amount 800,000 Monthly payment $3,637.16 Particulars Value Rate 0.30% Time 288 Amount 800,000 Monthly payment $3,637.16 Loan outstanding after 24 years ...
Overview of Efficient Market HypothesisThe efficient market hypothesis was widely accepted by the financial economist over the past few decades ago. Such a wide acceptance was due to the fact that the stock prices were typically reflected by the information that was provided by the securities market. The above idea depends on the random walk theory which entails a price series in which there is often a change in the price of stock randomly from ...
The report has been prepared with an intention to analyse the feasibility of proposed expansion strategy with directors of Rob’s Furniture Restoration Limited (RFR), a family owned business with 3 directors on board. The company is seeking an opportunity to expand its business and has accordingly consulted the Accounts team to conduct a feasibility study of the project and comment on the same. The feasibility study has been annexed to th...
GDX Retail Ltd - Self-insurance against flood damageAccording to the conceptual framework, an expense consists of losses and expenses that occur in the ordinary course of business activities in the enterprise(Tent, 2015). Losses on the other hand characterises items that meet the definition of the expenses and may or may not arise in the ordinary course of business activities( Dichev, 2017). Losses represents decrease in economic benefits and ...
Loan repayment computationCost of house = $ 666,000 Down-payment for the house = $ 61,000 Hence, total loan assumed = 666000-61000 = $ 605,000 Total period of repayment = 25 years or (25*12) = 300 months Nominal rate of interest = 6.5% p.a. or (6.5/12) = 0.5417% per month The monthly repayment can be computed using the following formula. EMI = [P*R*(1+R)N]/[(1+R)N -1] Hence, monthly repayment = 605000*0.005417*(1.005417)300...
Outcome of Capital Budgeting Technique ApplicationThe above figure shows that capital budgeting technique application shows the best option available to Saturn pet care for starting the production process is Wodonga site which is clearly shown following all the methods of capital budgeting such as NPV analysis profitability index and payback period analysis (Fauzi, Basyith & Idris, 2013). The NPV method shows that the future cash flow...
Date Particulars Amount Amount 15/12/X8 Call Option A/c. 720000 Cash A/c. 720000 ...
Business activity statement1). In Australia the statute is trying relentlessly to increase the confidence that the investor have on the financial statements that are being prepared by the entities over the specific period. The statute is also trying to improve the integrity in the economy, corporations and the capital market.one of the factors that is going to constitute this is the preparation of the financial statements in accorda...
IFRS vs GAAP - Differences in Revaluation of AssetsThe information which is given in the financial statements, annual report and notes to accounts and disclosures of the companies form the basis for decision making by most of the investors and the stakeholders as to if the company is in good financial and economic state of affairs. But all the information that appears in the financial statements may not be relevant for decision making. There a...
Liquidity ratiosZurich Plc. is a publicly listed company specialising in manufacturing and distributing office equipment. In this report, company’s profitability and liquidity position are gauged for 2015 and 2016 financial years through the computation of five categories of ratios. These are liquidity ratios, profitability ratios, asset utilisation ratios, gearing ratios and market value ratios. The financial records are given. Also t...
Theories of Outward Foreign Direct Investment (OFDI)Foreign direct investment (FDI) is an important part in the strategy of national development. Strategies have been developed but they only focused on inward flows (Anyanwu 2012, pp. 14). But recently, outward foreign direct investment has been put into consideration and was more integrated and considered in development policies of emerging and developing economies. Theories have been develope...
Capital Budgeting of Bathurst Site and Wodonga SiteExecutive Summary The assignment is about two different case studies which deals with two different situations. The first case study deals with Saturn pet care which is engaged in manufacture of products for pets. The company is trying to expand its business by introducing a new product in the market for which the company has option of selection from two different production sites which are B...
The Public Interest TheoryWith the help of financial statements like Income and Expenditure account, balance sheet, cash flow statement the important information can be assessed that might help the investors and stakeholders to make decision for the type of investments and upto the time period the investements can be made. It might so happen, that is really recorded in the financial statements may not be helpful at all, for the individuals a...
Financial AnalysisThe substantive tests are the balances that are used to decrease the threats of the audit risks. The internal control system helps to determine material consideration of account balances. It is considered that Arafira Resources Limited has been taken into consideration to evaluate whether company has been facing high loss in its business. Arafira Resources Limited is the mineral extraction company which has been running its ...
Profitability RatiosTaggart Transpacific Ltd. is a New Zealand based company which is engaged in supply and manufacturing of building materials to the construction companies. Due to the increase competition and to enhance its competitive advantage, the company is looking forward to purchase a controlling interest in the construction company for securing and ensuring its future demand. The companies chosen are Alpine Constructions and Maple Bui...
