LEG 305 - OUTLINE for Week 3 Assignment (B) (1) (1)

Accounting & Finance - Auditing  Question 6: Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. Your firm offered this client a bookkeeping service for this year. One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. The finance director was recently working as an auditor in your audit firm. ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process.  Required:  Identify and explain FIVE ethical threats which arise from the above actions and for each…

Auditing  Question 3 Your audit firm has an advertising policy that any audit process will not take more than 20 days for any client. You start reviewing the audit files of your client ALB plc which you audit for eight years and you find the following notes. • The audit team included a manager who owns 1% of the ALB’s shares. The executive partner believes that the 1% is too small and it will not affect the manager experience. • Your firm offered this client a bookkeeping service for this year. • One of the audit team received a high salary offer to be appointed in the client’s internal audit department as a head of department. • The finance director was recently working as an auditor in your audit firm. • ALB plc intends to increase its capital by issuing more shares in the stock market and the financial manager is asking your firm to manage this process. Required: Identify and explain FIVE ethical threats which arise from the above actions and for each ethical threat explain the…

Question 2 a) Apricot is an information technology (IT) manufacturing company which has been dealing in various IT equipment over 70 years. It operates from one central site which includes the production facility, warehouse and administration offices. You are an audit senior in Juit Company, and you are commencing the audit planning of Apricot Company for the year ending 31 April 2019. Apricot Company sells all of it IT equipment to multinational clients, with 75% being sold to a multi-million IT dealer. The company has a one-year contract to be the sole supplier of IT equipment. In order to secure the contract, the company reduced prices and offered 100 days credit period, while its normal credit period is 28 days, which is an equivalent of month. Currently, Apricot Company has strategically reduced the level of products directly manufactured and rather started to import significant amount of its IT equipment from India. Nearly 65% of the IT equipment is imported and 35% manufactured.…

Question 2 You are an analyst for a financial services firm that was engaged one month ago to conduct sensitivity analysis on a new project for a client. Fortunately, the client is an alum of the University of Melbourne and has asked that the approach taught in Corporate Financial Decision Making be used. The project involves a contract with a high quality and low risk customer who has guaranteed that they will pay $60 per unit of the product to your client at the end of each of each of the eight years of the project's life. The only uncertainty your client faces is how many units their customer will purchase (as determined by the quality of your item relative to competitors) and the variable cost per unit your client faces in producing the product – with most of that variable cost being taken up by the cost of labour. You collect the following information. Optimistic estimate 80,000 Variable Pessimistic estimate Expected 60,000 Sales volume demanded p.a Variable cost per unit 40,000…

Literature Review Based Essay on Contemporary Issues of Business Ethics and Corporate Social Responsibility Essay Format Cover Page with your Name Table of Content • Introduction ⚫ Objectives ⚫ Discussion with Literature Support • Conclusion References (10+) Words Limit-3000-3500 words

Provide answer

Please help

Assignment 1: Financial Statement Analysis and Interpretation of the Results • Select two different corporations (from the same industry) publicly traded in the US Stock Exchange Markets. (NYSE, NASDAQ) o Make sure the companies you select are traded in same currency (USD, Euro, GBP) o Please get the approval for the names of the firm before you start your work. • The analysis of same company by different students will not be graded • Download the necessary financial statements for the companies for 2021 and 2020 o For data collection you can use: finance.yahoo.com or finance.google.com Part 1: Apply the financial analysis for the last two years using ratios covered in Chapter 3. Use excel formulas for calculation of the ratios on a separate sheet (manual calculations will not be graded!) You are not responsible for Part 5 (V. Market Value) ratios Some companies may not have all the data due to their variations in industries. If you face missing data just skip that ratio (mention as…

SOUTH EAST-ASIA INSTITUTE OF TRADE AND TECHNOL0GY LL LEARNING MODULE FOR 1 SEMESTER GRADE 12 BUSINESS FINANCE STUDENT'S NAME: STRAND & SECTION: PART 4: ACTIVITY/APPLICATION Suppose: The following income Statements and Cash Flow Statements of company A, B and C were presented to you. Which do you think is a more attractive company? Why? O STAED rasoplast

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Assignment Description and Instructions   Suppose you are a part of a group of students from a prominent university and were sent out as a team to work with a leading merchandizing company as a part of a work experience program. The team having been introduced to the general manger was told that the Accountant who normally prepares the financial statements has suddenly resigned and there is no one available to prepare the company’s financial statements which are now due. As aspiring university students, you and your group members have expressed an interest in taking on the task. As a group, you are required to collaborate and analyse the problem at hand then apply the accrual basis of accounting in the preparation of the company’s financial statements.  The problem to be resolved: The following trial balance was extracted from the books of Scholes Farm Ltd December 31, the end of the company’s financial year. The company is owned by Paul Scholes and is in the business of buying and…

Assignment on You have been hired as a new supervisor of an audit team for a national accounting firm. With four years of experience, you feel technically well prepared for the assignment. However, this is your first formal appointment as a manager. Things are complicated at the moment. The team has twelve members, of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high level of auditing performance?

Assume that you work for a Fortune 500 level company at corporate headquarters.  Due to your excellent performance and the fact that the CEO of your firm noticed that you had listed on your resume' that you had taken a graduate-level Management Accounting course from a reputable institution, the CEO has sent you an email containing a request that you respond to two very important questions.  The CEO needs your answers within a relatively short time frame of making the request. The questions are: #1. What criteria should the operating units (i.e. producing segments of the firm) use when deciding whether to use job-order costing or process costing approaches for costing the products they produce?  #2. For costs that cannot be traced, what tests should a cost allocation basis (not the cost allocation method) meet before that cost allocation basis (direct labor hours, machine hours, direct labor cost, etc.) can be used to allocate costs in the organization?

PROBLEM/ DATA INFORMATION Bruce Schreiber is in charge of financial management for O-net. O-net utilizes satellite technology and sophisticated mapping software to alert its customers to trespassing, illegal dumping, and other encroachments on property these customers own around the globe. Customers typically purchase one-year contracts for this service, and the pricing depends on the number and size of sites monitored. Mr. Schreiber desires to review financial reports -- an income statement, statement of retained earnings, and balance sheet. Prepare these reports from the following adjusted trial balance. Mr. Schreiber needs this information for internal review purposes, and does not require a classified balance sheet. The operating data relate to the full year, and the blank worksheet already includes partial data. Each required input is worth 0.70 points.                             O-net CORPORATION                        Adjusted Trial Balance                        As of December…

Please Solve In 15mins I will Thumbs-up promise

Need answer without using AI