Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Peaches Limited is a company that has many branches and divisions around Australia with the main or general administrative office in Melbourne. You are part of the auditing team that is presently auditing the general purpose financial statements of the company for the year ended 31 December 2015.
Leo, the senior audit manager has assigned you to the audit of the inventory and accounts receivable balances as at 31 December 2015. The working papers that he gives to you have a conclusion which states that:
"Internal controls of Peaches Limited should not be relied upon due to the many weaknesses discovered by us. The existence of both inventory and accounts receivable is at risk".
REQUIRED:
A) Identify two audit procedures each that you could use to test the existence assertion for inventory and for accounts receivable; (that is two procedures for each account).
B) How would your answer change, if at all, if it was established that the internal controls were operating effectively?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd