Finance & Accounting Essays

The company was created in 2004 as the result of the partnership between The Dow Chemical Company of the United States and the Petrochemical Industries Company

Whistleblowers could either be employees, contractors or clients who through different ways became aware of illegal activities occurring within or outside an organization. Since being

This paper has investigated about how different types of markets are power effects, bank efficiency and the stability of developing countries. It also describes how competition stability can make documentation and analyses the difficult relationship between variables that are being regulated for the market power, for the stability of the bank and for the profit-oriented firm.

The patient turnout is currently lower than expected. This can be attributed to the fact that there is a reduced number of patients coming for return services. This points out to either of two

The equity method enables Coca-Cola to analyze carrying values of investments. The procedure for applying for equity method

The example makes use of the cost-volume-profit criteria. Increasing fixed costs by fifty thousand dollars and hiking the raw materials by ten percent results in a reduction in the contribution margin for the titanium line down to $ 191 from $221. Similarly, the Carbon Late dropped from $ 111 to a mere $ 44. 

In most cases, the unbiased attitude of the analyst is compromised because in most cases, the companies finance them or receive compensation from the companies on which they research.  No company would pay fees to be projected in the negative limelight, therefore; the fee-based research most of the time is biased (Francis et al., 2004).

In the Dutch auction, though companies need an investment bank for underwriting the IPO but the costs, in comparison to traditional route, are lower. Also, investors can enter only one bid and not multiple bids at different quantities. In this kind of bid process,

The accounting department needs to record and publicize the level of success that an enterprise has earned over a specific period of time. The accounting information and financial statements guide investors and shareholders about the level of corporate success that a business has achieved so it is a necessity for any business before its leaders can decide to begin the project.

RelateIQ's personnel should receive strategic advice on team building and partnerships as essential ways of expanding capital. The services are important in helping turn ideas into businesses that have high growth. Their services help provide the necessary guidance that promotes the company’s goals and visions. The company’s partners are most essential in supporting the business development.

Bank of Canada initiatives have started to bear fruits, and this is evidenced by the fact that the stock market is experiencing growth. On November 21st2014, the composite index of the Toronto Stock Exchange S&P/TSX rose by 35.95 points representing a 0.24% increase to close at 15,111.13 (The Globe and Mail Par P1). The index has increased by 268 points since last year which is equivalent to 11%.

Excessive interest in maintaining or increasing the entity’s stock price or earnings trend through the use of unusually aggressive accounting practices. Question 3A client in a competitive industry or sub-industry is likely to experience difficulties in the audit process due to a number of factors. One is where the auditors do not understand the mode of business of the company.

In his book “Visible Hand “Chandler argues that the evolution of organizations is divided into pre-1850 and post-1850s. The first period consisted of the following; there were small firms in America and most of them employed at least 250 people. The factories were textile firms on the east coast. There were no middle managers; there were low production and people using traditional tools.

Critics of the payments describe how acting and being an athlete does not require any skill. According to critics, save for the few who go to acting schools and few athletes who attend sporting academies, these people do not do much and they are thus certifiably overpaid. These people do little to earn such amounts. 

CLO played a big role in the 2007/8 financial crisis causing the collapsing of many banks. Many banks and financial institutions offered loans to people of low creditworthy and one the government interest rates went up, most of the people defaulted repayments. Consequently, the collateral values fell drastically, and this affected the economy.

Guided through these assumptions, this model provides a precise prediction about the relationship between risk and return.  This paper herewith intends to explain the answer of the risk-return relationship obtainable through CAPM further moving towards justifying if CAPM provides a good account for pricing or not.

The terms risk management and governance process are of significant importance in the current corporate world because the present business environment is increasingly exposed to a range of internal and external risks. Hence, modern corporate management has taken numerous measures to deal with their risk management and governance processes.

Currency unions are significant in economies because they help in several ways. For instance, currency unions facilitate the reduction of transaction costs by traders and travelers across different countries. This happens because it is cheaper to do business with a common currency instead of converting them into other denominations. 

210). For example, the company’s overall costs can be allocated to the molding department, grinding department, finishing department, storeroom department, marketing department, or development &

In discussing the view that overhead recovery is nothing more than a mathematical process that seeks to determine precise costs, it is indispensable that the article first identifies the logic behind overheads. According to Dury (2004), overheads costs in production are the non-direct costs associated with producing a certain item.

During the system, the central bank buys assets of specified amount and effect from the other commercial banks and private institutions with a price-raising effect on those assets hence creating a lowering on the actual yield that they

The days since last coupon and days in coupon period was calculated by using two functions on excel, COUPDAYBS and COUPDAY, by using the settlement date, maturity date and the coupon payments per year. These two were

Transaction / Adjustment Bonds payable with a face amount of $15,000 are issued at par. At the end of December the company accrues the interest that is payable on the bonds issued in (a) On Mar. 1 the company pays the interest on the bonds Bonds payable with a face amount of $10,000 are issued at a price of 99.

The assumption on the variable cost of wages which is 15% of the total revenue is off the mark. The month of September has a negative variance which means that the wage expense is under-budget. The months of October and November, on the other hand, have a positive variance. This may indicate that wages have a mix of variable and fixed costs.

They were created through product innovation and financial engineering with high inherent risk, by fund managers in pursuit of high fees and the lack of education and understanding of the gullible investors responsible for these gullible investors to fall prey to these financial products. What were dangerous financial products and how did they come about?

If the economy is falling, the workers will obviously demand more pay. This is so because the buying power of the consumer is becoming less. But the wage demands also depend on other factors. If there are more people who are unemployed, the workers may not demand higher wages with the fear of their demands not being met and being laid off (Carbaugh, 2007).

try to get a total picture at the given period in time so ‘profits’ need to include goods sold on credit and other important activities like taxation. Basing everything on cash will be misleading and even go against accounting convention. 2. Accounts are prepared according

The executive management team might pay off the internal auditor to hide fraudulent activities. Internal controls, management oversight, and management self-assessment are some of the techniques that can be used to prevent frauds

The purpose of this paper is to highlight budgetary on ethics and communication in practice, and their possible resolutions. A budgetary slack is a premeditated allowance for excess spending as

Companies use the CAPM to ascertain the cost of equity. This cost of equity is further used to calculate the Weighted Average Cost of Capital (WACC) of a firm and finally, this WACC is used within the DCF technique in order to calculate the Net Present Value (NPV) of a project/investment. The WACC within the NPV technique denotes the required return of a project.

The main aim of the Accounting Standards is to regulate the various accounting practices and policies, with a vision to remove, to the possible extent the reliability of the financial statements and the non-comparability of economic statements. The project focuses on the different accounting standards and it mainly includes Accounting standards-1(AS-1).

This hence decreases the purchasing power of money hence resulting into an increase of the prices of services and goods. This means additional money is required in order purchase the same amount of services and goods as compared to the previous period. On the other

The venture capital entails the financial capital availed during the initial stages, advanced potential to the growth start up corporate that is also accompanied by higher

With regards to the exchange rates, the book looks at different scenarios that result in disequilibrium in the market situation. For instance, a step by the central bank to have dollars sold for euros in ways. This will, in turn, lead to the sell orders in the domestic market to experience a constant flow.

As an auditor, I will know that all the minutes have been made available to me by referring to those of previous meetings. This is because the minutes of each meeting entail what was discussed in the previous meeting and by going through the minutes, I will be in a position to check the dates, members in attendance, and agenda helping me trace if all the minutes have been availed.

The Statement necessitates that public business enterprise give a detailed report on financial and vivid information concerning its reportable operational segments, which are the components of an enterprise from which a separate financial information is always available which is gauged frequently by principal operating opinion maker in determining the best way to allocate resources and in evaluating performance.

IAS 36 specifically requires an entity to assess whether there is any indication that an asset may be impaired at the end of every reporting period. Thereafter the asset identified is tested for impairment. The initial step of impairment testing is to estimate the recoverable amount and then the recoverable amount is compared to the carrying amount at the end of each reporting period.

To evaluate the economic wellbeing of a business financial ratios are adopted which are calculated measurements. These ratios usually compare the data of financial statements with the information regarding the stock market trading for publicly traded firms. Financial ratios are essential instruments of financial decision making for all businesses (McLaney, 2011).

Six of these have a specific tax rate on food while eleven states subject food to the general tax rate1. However, of the remaining thirty four states that do not charge sales tax on food, food sales in three states are subject to local taxes. These include Georgia,

Additionally, Big Mac charges USD 407 for a food item in the US while it charges about USD 2.47 in Hongkong. The above analysis shows that prices of goods do vary for the same product in different nations much widely. Hence, the

Hence, providing employment opportunities provided by the financial sector will certainly ensure positive impact on the overall US economy. For instance, the financial sector provides large number of employment opportunities for the country, which

One extra-curricular activity that is important to me is my membership and participation in the University Finance Association. The club has allowed me to develop analytical skills, especially after joining the investment team. I have learned to compare companies in order to gain insight into their activities.

It is quite challenging to determine whether the second paragraph is a continuation of the introduction or the discussion section. This is because, there is

As engaging as the task may seem to be, it is really of importance to map out one’s inflows and outflows clearly giving direction where the money is

The paper is a report to the chairman of Florence regarding investment appraisal of three projects, namely, A, B, and C. The firm has raised fund from shareholders by means of right shares and it was expressed by the chairman that the fund should be the investment in the project that maximizes shareholders’ wealth.

The equity consists of retained earnings which are obtained from the stock investment by the investors. Moreover, debt indicates the funds that are usually borrowed by the company to finance its working capital requirements (Durand, 1963). The cost of retained earnings of a multinational company depicts the opportunity cost.

ge tools and embed surveillance in networks and computers of their adversaries such as the Russia, China, Pakistan, Afghanistan, and Iran (Perlroth and Sanger) In their article, Perlroth and Sanger say that Equation Group has the same techniques used in Stuxnet, a computer worm

According to Chary (2009: 19.7) efficiency is defined as the ability of a business to produce a desired effect, service, or product with a minimum amount of effort. While effectiveness is defined as the degree or extent to which objectives are achieved, it is being successful in realizing or achieving what is required.

The China government exercises regulation of its funds through the audit done by the office of the Director of Audit. The office is responsible for auditing all government organizations and those that are within the scope of public audit. The government is in turn held accountable by the legislature through the parliamentary committees.

Allowance for doubtful debts is the amount reduced from a company’s account receivables that appear on the balance sheet. This is the amount that customers will not pay for various reasons. The right to recommend the adjustments of the allowance for doubtful debts according to the accounting ethics should lie solely with the accountants.