Audit Report - Research Paper Example

Table 4Year200120022003200420052006Jewry Inn2.12.43.914.685.756.35. The turnover index relatives of the three hotels for a base year of 2006, computed using Excel (rounded to whole numbers) are given below:Table 5Year200120022003200420052006Moorchester66738310299100The Frilton5156678290100Jewry Inn (index)33386274911006. (a) Absolute and relative changes in the three turnover indices between 2001 and 2006 (round to whole numbers) are shown below.Table 6 - Absolute Growth in Turnover (Base year 2006)Hotel / Period2001 - 022002 - 032003 - 042004 - 052005 - 06Moorchester111019-301The Frilton101115810Jewry Inn1524121709Table 7 - Relative Growth in Turnover (Base year 2006)Hotel / Period2001 - 022002 - 032003 - 042004 - 052005 - 06Moorchester111423- 0301The Frilton1020221011Jewry Inn1563192310(b) Interpretation of results:(i) Moorchester: It had almost equal absolute growth during 2001 - 02 and 2002 - 03 but had a sudden rise during 2003 - 04.

It had a steep fall during 2004 - 05. Then it had an insignificant growth during 2005 - 06. So far as relative growth is concerned, it had uniform rise in growth during three consecutive years 2001 - 02, 2002 - 03 and 2003 - 04. It had a major setback during 2004 - 05 and an insignificant growth during 2005 - 06.(ii) The Frilton: Its absolute growth during 2001 - 02 and 2002 - 03 were almost equal. Then it had an appreciable rise during 2003 - 04 but had much lower growth during 2004 - 05. During 2005 - 06 it had marginal growth.

In terms of relative growth, it had an upward trend during 2001 - 02, 2002 - 03 and 2003 - 04. But the relative. (i) Moorchester: It had almost equal absolute growth during 2001 - 02 and 2002 - 03 but had a sudden rise during 2003 - 04. It had a steep fall during 2004 - 05. Then it had an insignificant growth during 2005 - 06. So far as relative growth is concerned, it had uniform rise in growth during three consecutive years 2001 - 02, 2002 - 03 and 2003 - 04. It had a major setback during 2004 - 05 and an insignificant growth during 2005 - 06. (ii) The Frilton: Its absolute growth during 2001 - 02 and 2002 - 03 were almost equal.

Then it had an appreciable rise during 2003 - 04 but had much lower growth during 2004 - 05. During 2005 - 06 it had marginal growth. In terms of relative growth, it had an upward trend during 2001 - 02, 2002 - 03 and 2003 - 04. But the relative growth was reduced to half during 2004 - 05. However it maintained almost equal growth during 2005 - 06. (iii) Jewry Inn: The picture taking 2006 as base year is altogether different than that with 2001 as base year. In absolute growth it had up and down in alternate years during entire period of evaluation 2001 - 02 to 2005 - 06.

The Laspeyre Index indicates that had the number of employees remained the same there would h