The main purpose of auditing and assurance is to provide the users of financial documents with the assurance. The advancement of technology and the nature of the current business environment have made it a matter of concern especially as regards in increasing tendency with which the stakeholders are being provided with information that is incorrect.
The author states that the salary information is legally allowed to be used only by the finance department of the company. It is essential that even managers of the company are not aware of the salary being earned by the people and there is no personal information of the individual that is also available to anyone else within the organization.
Hire a pro to write a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
The investment appraisal technique involves analyzing, reviewing and implementing the investment proposals that are in line with the goals of the business. The managers must ideally use the technique that considers the time value aspect in the cash flows and recognizes the risk inherent in a project by using the appropriate discounting rate.
The paper adopts a contrasting approach considering the information provided by the earnings of the companies before and after the new guidelines of the FASB. This approach is important as it helps determine how informative the earnings are with and without the amortization of the goodwill.
The author states that eight variables have been identified to be involved in assessing the financial stability of a bank. They, however, has already been specified before, will be portrayed to a regression model so as to assess the factors which determine the financial profitability of a bank, or rather various elements which determine the same.
Capital budgeting, in simple terms, can be termed as a cost-benefit analysis in which the benefits and the costs of any project are ascertained and only those projects are initiated whose benefits outweigh their costs. This benefits and costs are mostly monetary in terms. Capital budgeting is sometimes also referred to as Investment Appraisal Technique.
Perkins claims that the mining industry faces a new tax at a higher rate because it generates super profits. Super profits are those huge profits that companies employing natural resources usually generate. This is because there is a huge difference between the cost of extracting materials and their selling price.
Due to the recent recession of the American economy that started in 2007, both mortgage lenders and people have experienced great losses. Homeowners, who lost their jobs due to the economic crunch, were unable to pay their mortgage and creditors, such as banks, started taking legal actions against those homeowners resulting in foreclosures.
The BoE agreed, in cooperation with the Financial Services Authority (FSA) and the UK Treasury, to act as lender of last resort to Northern Rock; the bank’s sources of funding in the capital markets have suffered from the tight liquidity squeeze, and private sector banks, as well as other lenders, are unwilling to extend it sufficient credit.
This perception will create lots of challenges for the retail bankers in the UK market. After the collapse of Lehman Brothers, commercial banks of the UK have become stricter in terms of sanctioning loans for financing businesses. On the other hands, alternative sources are quite liberal in case of sanctioning loans.
In order to maintain a sustainable and competitive European maritime industry clusters, a European maritime policy framework is necessary. Such a framework should encompass all the maritime and marine sectors like shipping, ports, shipbuilding, marine equipment, dredging, offshore, ports, maritime services, and R&D, inland shipping.
This essay discusses that the increases in the percentages are primarily due to an additional headcount of R&D, sales, marketing etc. The increases in sales and marketing may also be attributed to increased costs of advertising while the increases in general and administrative expenses may also be attributed to increasing costs of professional services.
The current world financial crisis precipitated by credit crunch squeeze in the rich developed countries has strained trade relations among countries that have been forced to retreat domestically offering protection to their local companies in efforts to stem economic catastrophe.
This research will begin with the statement that traditional measures of performance like Return on Investment (ROI), Earning per share (EPS) and Return on equity (ROE) have been widely used by the corporations to evaluate financial performance. ROI, considered as an appropriate measure of financial performance is estimated by dividing the profit by the amount of investment.
Current assets and current liabilities of the firm are those assets and liabilities which are consumed and settled within one year. Generally, there are four important elements of working capital which are managed by the financial managers. Management of cash of the firm is probably the most critical tasks for financial managers to accomplish.
The author of the paper tells that Scottish and Southern Energy(SSE) is one of the most significant energy-related companies in the United Kingdom and the country’s second major energy provider. Its main purpose is the generation and providing energy, gas, telecom businesses etc.SSE is the largest energy generating company in the UK.
Systematic risks often originate from political or economic problems, wars, interest rate changes, and calamities and they are hard to avoid. They necessitate a change of plans and strategies by governments, companies, banks and financial markets. A general recession in the economy would have an adverse effect on all the securities in the market.
8 pages (2000 words)
, Download 1
, Research Paper
The world is moving too fast and so is the pace of development in different fields. Nowadays, people enjoy and make the most of modern technologies at work, home, educational institutes, and service industries and so on. The uses and advancements of modern technologies are not limited to some particular area of any organization.
These rules also ensure that there is stability in trade relations and eliminate trade practices that are unjust. The rules of the World Trade Organisation have been put into a series of treaties and policies which it maintains. The organization has the mandate to resolve disputes resulting from trade using dispute settlement systems.
Financial statements need to be interpreted properly to give out a better understanding and meaning. Proper economic decisions are taken after these interpretations of financial statements. Many different measures can be adopted to interpret financial statements and one way is to conduct ratio analysis.
The results developed and given in the paper are technical in nature, which are the requirements of such research, since it is the technical side of investment, whereby derivatives and calculus are involved to a much higher extent than otherwise. However, one point that lacks in the research paper is the conclusion.
The future prospects of the company are attractive since it has been reported that China holds nearly 30 trillion cubic meters of methane gas. In addition to that, there is a growing demand for gas in China which is fueled by the strong growth of the Chinese economy and it is expected that GDG will utilize this fact to a great extent.
The paper has used a survey questionnaire to gather the perceptions of 33 purposively sampled Islamic banking clients. The results indicate that there is a need for Islamic banking to more clearly disseminate information. The study demonstrates how the UK public has not fully understood the principles of Islamic banks.
The author states that one of the most popular types of hybrid financing is the preference capital that is a unique type of long-term financing. It combines certain features of equity as well as that of debentures. Being a hybrid form it resembles debentures as it has a fixed rate of dividend, doesn’t have any voting rights, ranks.
A net loss financial report prods the employee to seek employment in another company, fearing the company may close shop in the near future due to bankruptcy.Similarly, IAS 1 affirms the resident (external user) who is living within the vicinity of the company uses the financial report to determine if the company is a viable work alternative.
Consigning Service Department Costs to Activities Daly (2001) elucidate that the central theory behind the Activity-based costing system is that resource operating cost have to be allocated to the activities executed. Expenses acknowledged in the economy are assembled and circulated to these events.
The majority of central banks such as the European Central Bank, the United States Federal Reserve, and the Bank Of England are tasked with controlling the level of inflation. The neoliberal economists had argued for decades that controlling the money supply was the key to reducing the rate of inflation just as it had been done up to the 1930s.
JetBlue Airways Corporation was formed basically as a low fare low cost but high service passenger airline in 1998. The airline witnessed resounding success over the period. Even after the terrorist attacks on September 11, 2001, when major airlines struggled and some even filed bankruptcy, JetBlue survived and earned profits.
A bookkeeper keeps tracks of all the company’s transactions and keeps the ledgers of the company balanced. Other aspects include auditing by external firms, which ensures that accounting fraud is prevented by examining the ledgers of a company with other records to ensure that the ledgers provide a true and fair view of the company’s financial dealings.
The author of the paper states that in order to achieve the objectives of financial reporting in accordance with framework prescribed by IASB for financial statements, the information contained in the financial statements should not only be useful but also faithful representations of events and transactions covered in the financial statements.
Increasing the sales volume entails numerous activities such as an increase in sales force promotion, discounts, trade shows, etc. Moreover, these activities must be reflected in the Accounting Information System (AIS) and the internal controls (i.e. policies and procedures to protect the assets).
This approach is only used if the company uses fixed assets to produce income. The approach takes root from the market data approach since it involves an analysis of what the current market is paying. This is arrived at by determining comparable returns which the evaluator should capitalize into the comparable purchase price of the asset.
The financial crisis was one of the most unfortunate events that economies of the world experienced and nearly all countries in the world were affected in one way or another. The United States and the European Union were the most affected as compared to Japan. Financial markets in the USA were hard hit and the stocks reduced by 33% in 2008.
This project aims to bring forth how the two of them set the interest rates in order to maintain a low rate of inflation. It also tries to explain each one's contribution to maintaining stability in the financial system. They are also responsible for issuing notes and special security features in the nation.
The author states that three decisions are mainly to be taken by the companies; these are, investment decision, financing decision, and dividend decision. Investment decision concerns with the identification of the area or sector in which investment can generate the return by bearing a standard risk.
In the 2008 global financial crisis, Islamic banks were found to be more solvent than conventional banks and thus sparked a renewed debate over whether or not Islamic banks are safer than conventional banks. This research study conducts an analysis of Islamic banks and determines the extent to which solvency is an indicator of bank safety.
From this paper, it is clear that the euro helps to eliminate the fluctuation rates and exchange costs, strengthen one market as well as ensure close co-operation among affiliated states for a stable currency and economy. When the EU was established in 1957, the affiliated nations were focused on developing a common market for dealings.
This activation in the global market is taken place mostly through the merger or the acquisition of companies that already operate in the ‘target’ market. Such a corporate strategy has been criticized a lot as it involves usually to the application of a common net of principles and ethics in the enterprise that results from the above initiative.
The forecasting approaches mentioned could still be utilized in light of their use in any organization. Either quantitative or qualitative approaches to forecasting can be used. In fact, in some organizations, a combination of the two approaches is utilized to confirm and validate projected results.
As the financial consultant of the company, the main aim is to find out which of the investments in the company is feasible, and viable. Before moving into discussing the two options available for Smith International Hotel Group, it is important to understand a few basic details of the techniques used to appraise a project.
The bonus of Driscoll will become an issue to the paper since he has a stake in how much he would receive as compensation based on earnings. Since a manager’s bonus is based on earnings before interest and taxes, it would mean that a company is using accrual accounting to reward performance which may actually disregard the time value of money.
Accounting as a type of profession that should be practised based on a strong ethical foundation. Since accounting information is normally used when making important economic and business decisions, accountants are required to protect not only the economic welfare of a business organization but also the external stakeholders.
To save the interest of the stakeholders and society, organizations have been made accountable for their actions. Accountability is a process through which the people, companies, and states consider their decisions and actions, report upon and clarify their a and actions and report the issues arising from the decisions and actions.
A human being has a dream, which is actually a piece of the action plan. So with an organization, it needs to have a plan to chart its future even in the short run. The alternative is the day to day operation without knowing what to do in future. A kind of budgeting is the so-called capital budgeting where is the used of discounted cash flows.
10 pages (2500 words)
, Download 1
, Research Paper
The underlying truth behind budget is whatever precaution does the management adopt, there will always be a gap between the actual and perceived. While setting the budget for the future, management has to undertake historical data into consideration, but in the fast-changing globalized world, no one can predict what will happen in near future.
The wonderment of the Reagan era and its resentment of Authoritarianism were shaken. On the verge of becoming a full-blown depression part 2, all eyes are directed to the next steps the government will take to ensure the future of the United States of America as a solid economy capable of withstanding these tough economic times.
The company presently uses the strategy of working with the competition rather than against the competition. There is a major focus on developing strong relationships with competitors. Currently, the company is among the top five companies in the industry and is well recognized for its quality and excellence in products
The syndicated loan has a structure that is hybrid in nature and is characterized by a number of relationships in terms of lending public trading. Banks forming the syndicate usually do not have to comply with the traditional disclosure responsibilities that are usually required of those issuing bonds.
The Local Government Finance Act, 1982 established the Audit Commission that commenced its operations in the month of April 1983. The Audit Commission is an independent public body that is responsible for making sure that the money of the general public is spent in an effective, efficient and economical way.
The wedding has been scheduled for the Fourth of July weekend in the United States and will include guests from around the world. Approximately 200 people are expected to attend this wedding in Los Angeles, and they will be also assisted in touring the local sightseeing and tourist spots of the region.