Finance & Accounting Essays

Why do the authors of reading 1 say that “we should view personal testimonials of auditor independence with skepticism”? This statement means that auditor's claim of independence is not as reliable as perceived and it should be evaluated on factual grounds.

As the paper stresses the first category of accounting is financial accounting. The main purpose of this type of accounting is to get an insight into financial matters using financial statements. It involves some core activities related to financial information, which are recording and summarizing of the events that have occurred within in a given period. 

CMS has been authorized to protect Medicare Trust Funds by detecting and preventing fraud, abuse and waste. For this purpose, ZIPCs and RACs have been mandated to oversight specific programs and ensure transparency in these programs.

It is essential to state that the company history and product information was obtained from the company website. Further information about the company was obtained from a book about Coca-Cola company. Coca-Cola's SEC filings were obtained from the US Securities and Exchange Commission's official website.

This study needs to address the hypothesis testing whether SET50 and SET100 Indexes follow the random walk or not. Level of the efficiency of Thailand stock exchange market is also determined for a period of four years. It also aims to investigate the impacts of external as well as internal factors on SET50 and SET100 Indexes.

The purpose of this study is to explain the position of stockholders in Islamic banks, present the obligations of employees in Islamic banks, identify the level at which the Sharia law is applied on Islamic banks – i.e. whether the principles of Sharia law are strictly followed by employees of all levels in Islamic banks, explain the benefits and pitfalls of corporate governance in Islamic banks will be clearly explained.

According to the discussion findings the difference between transaction exposure and translation exposure is related to currency and the parent and subsidiaries companies. The translation exposure considers only the currency and effect on parent companies, whereas transaction exposure considers both.

With this one can fill the gaps left by theoretical understanding of financial concepts with real life situations.

This dissertational proposal mostly focuses on describing the needs, benegits, risks and effects of outsourcing. The researcher also compares advantages and disadvantages on the topic of outsourcing and professional growth. Literature Review, Purposes and Conclusion parts are also presented by the researcher.

In the year Blackstone approached CMR for a joint business venture, it was going to build forty homes in the next forty months and seventy additional once in the coming year. The partnership also increased chances of the oldest employees to improve their expertise since they were mainly in the residential business.

A higher profit ratio indicates a better financial or operations output. Brisbane’s 3.65 times current ratio is higher than Perth’s 2.92 times current ratio. This clearly shows that Brisbane has more current assets allocated to pay for the currently maturing liabilities. Brisbane’s 11 % return on assets is better than Perth’s 10% return on assets.

A sole proprietorship is a business form that is owned by an individual or a family with the sole aim of earning the profits. The advantages of a sole proprietorship include the ability by the owner to make faster decisions, having the right to all the returns of the business and the ease information.

The industrial revolution played a great role in the evolution of accounting in the business world. People were more interested in engaging in good business practices evidenced this. Hence, there was a need to separate between the owners and managers of businesses. Its main aim was to safeguard the interests of the shareholders.

Taxation is a key focus including income splitting, and using superannuation versus non-superannuation strategies to ensure a tax effective financial planning outcome. Tax

The complete extension of some animal species and the disappearance of others led up to the wildlife conservation act that injected seamlessly into the public's conscious followed by the laws. Over the years, the structure of the act evolves to contain additional exception and exemptions.

Banks had taken prominent positions in the derivatives markets and their toxic assets were tied down on the OTC derivatives. Therefore based on the finances most Americans lost their jobs, banks become bankrupt, and individual long-term savings and investments were lost only because of the government of the day's failure to hide Brooksley Born's evident warning signs.

The analysis will also consider an evaluation of ratios that are key to making investment decisions. The ratios will evaluate the performance activity, liquidity, financing, and activity within AB

High-yield bond portfolios focus on lower level quality bonds, which are riskier than those of higher-quality companies. These portfolios for the most part why for the most part offer higher yields than different sorts of portfolios, yet they are likewise more helpless against economic and credit risk.

There are many parties that are interested in accounting information. These include banks among other financial institutions, the government, employees of organizations, and most importantly, the general public. Financial advisors also benefit tremendously from this information. The use of accounting in everyday life is paramount.

The author states that Morris Capital is a professional investment that presents financial guidance and the distribution of financial and risk products to local personnel and corporations who realize the need to build their wealth and establish equitable plans for the future expectations. It has developed speedily in a highly competitive market.

Among the most substantial changes made during the revision of IAS 19 on American companies are the definition of employee benefits packages, retirement benefits, employment termination benefits plans, and several other kinds of employee benefits.

This research will attempt to determine effectiveness of Islamic banking in the context of Saudi Arabia; to understand if Islamic banking offers better economic solution for the social needs than the traditional commercial banks; to explore whether Islamic Development Bank, Saudi Arabia has adapted for integrating with globalised economy.

I have been authorized by the owner and CEO of the company to invest 25% of the cash reserves in common stocks from a company in the mining industry. The company must be a publicly traded firm that has good financial standing. A full financial analysis of the selected company will be performed in order to determine the viability of the investment.

The paper explores the gap between substance and procedure, compliance, and controversies that often subject them to huge losses that would have been avoided. New York’s taxes like in many other states are self-assessed meaning that the burden of calculating the correct tax due falls on the taxpayer and not the taxing authorities.

According to the report finance ensures a balance between risk and profitability. Today finance focuses on the analysis of risk and the return on investment and the investor’s time. Finance redefines what is real and what is quantifiable. The goal of financial management is to increase shareholder’s wealth.

The main differentiation point that makes activity based costing unique from other allocation methods is its focus on minimization of waste and idle capacity in the production processes. Activities within the production process to which indirect costs can directly be attributed to production are identified for estimations and allocation.

3. What conclusion can you draw by examining the kurtosis in each case? The kurtosis in each of the returns is greater than three. This means that it is platykurtic distributed. It is flatter than normal distribution and wider at the peak. The probability is less than the normal distribution and it is wider at the mean.

The researcher of this paper aims to analyze if the recession has changed the way UK banks measure performance. Having in place the correct framework and resulting models to measure performance is paramount to organisations, as it will give them the ability to assess there internal processes correctly and judge their performance in a fair manner.

In this essay the researcher not only introduct the reader to futures contracts, it's pricing and risks, but also references to the literature and analyzes types of hedges and risks, that could be present in the trading processes. Risk types are compared and describes and some recommendations are also given.

The tension involved in such football is termed as “competitive balance” and the entire idea behind people’s interest and tension about a game’s outcome is labeled as “uncertainty of outcome hypothesis”. The whole idea behind any leagues that any team involved and the entire league have to protect the involved uncertainty of the outcome of a game.

Accounting ethics is a very important ethical practice for preventing corporate collapses. Accounting ethics has significant importance for different stakeholders related with any organization. It is being noticed that different corporate collapses and recent accounting malpractices has increased the importance of accounting ethics.

Some fear that the mixture of both parts will result to use of too much wasted time preparing a complex income statement, balance sheet and statement of cash flows.

Operating indicator analysis explains an organization’s financial performance, by utilizing operating data. Such analysis improves internal decision-making process as they depict the ability of the organization to meet its mission. It also gives a summary of the organization’s detailed information, thus making it convenient.

Unlike the buyer, the seller has an obligation to complete the transaction as per the wishes of the option holder. Therefore since there is a doubt whether or not the holder will exercise his right or not the seller demands an option premium for his benefit which goes into his account whether or not the buyer exercises his option.

Evian is a mineral water brand whose sources emanate from the south shores of Lake Geneva. Evian is a luxury bottled water, popular among key celebrities. The company is under the ownership of Danone Group, a multinational company of French origin. The group also uses the name for branding and distribution of organic products for skin care.

The paper analyzes that wealth inequality is the unequal distribution of assets and saving among individuals in a country while income inequality is the extent of uneven distribution of income in the society creating a wide gap between the rich and the poor.

The aim of this project is to give a better understanding of Computer Assisted Audit Techniques; this is further supported by practical illustrations and examples of CAATs. To start any audit, an understanding and knowledge of the business should be gained during the planning stage.

It manufactures some of the premium branded cars like BMW, Rolls-Royce, etc. The company is also strongly placed in the market related to motorcycle business. The company is mainly focused in generating profitable growth through manufacturing of premium branded cars and marketing them worldwide.

The paper talks about FashionABLE company. FashionABLE’s point of differentiation is selling the story of the employed women in Africa. The following financial report has been generated about this investment, for FashionABLE Company. It shows a summary of the income and expenditure of the investment. The data comprises certain estimations.

According to the author of the article, the evolution of the field of Management Accounting as a separate branch of accounting dates back to the late 1930s. It was during this decade Ross G. Walker joined the faculty of the Harvard Business School. He came from a successful management position in a business corporation.

The author gives an advice how to become financially independent and how to set right goals to become rich. Also, the paper highlights that spending wisely is the key to financial, freedom though, thinking of buying assets and avoiding liabilities (Hallman, Rosenbloom 320).

For the purposeof this essay, the researcher has used the Capital Asset Pricing Model (CAPM) and Jensen’s alpha model on 40 listed companies in which 20 companies represented socially responsible investment funds whereas the remaining 20 reflected the performance of the conventional investment funds.

The researcher of the essay provides the reader wth ratio analysis on te topic that is an excellent way to determine an entity’s current financial standing. Performance ratios are calculated using financial information from the balance sheet and the income statement of the company and presented in the essay.

According to the report the difference in the two kinds of liability lies in the amounts that will be paid by the insurance company in the event of a claim generated by an accident. The Company pays for three different kinds of coverage maximum amount payable per person for bodily injuries limit on total payment for bodily injuries and amount payable for property damages.

“Capital markets are places where companies which need long-term finance can meet investors who have the finance to offer” Finance can comprise of issuance of the new ordinary shares, equity financing, and debt financing. In the debt financing, the organizations have the option to choose from a broad range of the loans and various debt securities.

Perhaps the main area that puts a clear distinction between ABC and Traditional Accounting (TA) is the approach whereby the latter was based on the product-cost while the former on the activities.

The current stock price of a company that is being analyzed is $15 per share. In 1999, the company held 45 million total shares. In January 2000, the company issued additional 5 million common stocks, resulting in 50 million total shares outstanding as of fiscal year end 2000. This firm is producing drugs for the cancel treatment.

According to the report the extended version of Black Scholes model, uses the rate of interest to calculate the payoffs of the options, and this model is called popularly, the Black’s Model. Among the products that are most popular in the market are, exchange interest rate options, embedded bond options, European bond options, interest rate caps.

New price per share= (340.2M + 95M)/ 90M shares = $48.35 per share The number of shares that Stephenson will need to issue to finance the purchase = 95million/37.80 = 2,513,228 shares

The financial analysis aims at a comprehensive study of financial statements and other data of a company for evaluating the state of affairs. In order for the financial analysis to be comprehensive, ratio analysis has been employed in this dissertation, to draw inference regarding the performance of Coca Cola Company.