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Question: Three common pitfalls that can hinder an audit teams' brainstorming session include: Group domination, social loafing and groupthink. Group domination is when one or two participants dominate the process; Social loafing or free-riding is a non-committal attitude towards a team project; Groupthink occurs when team members become so concerned with reaching consensus that they fail to realistically evaluate all ideas or suggestions given. Audit teams can overcome these pitfalls by doing the following: Assign homework the team should be able to research the topic beforehand and know what the meeting's purpose is (brainstorming fraud risks) so they are prepared to participate fully in the session. Supplying an agenda in advance is a good way to do this. Establish ground rules -Team members of a brainstorming session should know both what is expected from them and the other team members. Set the tone-no criticism of ideas during the idea generation phase. Encourage participant to generate as many ideas as possible, give credit to the group for the work, and manage the group size of composition to maximize the session's effectiveness.
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
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