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!
Westinghome Ltd is a large listed company which specialises in the manufacture of whitegoods and other electrical appliances. It is late April 2012 and you are currently planning the 30 June 2012 audit. The auditor's report is due to be signed on 20 July 2012. During your planning, the following independent and material situations come to your attention: 1.On 1 January 2012, Westinghome signed a 3-year contract with KP Pty Ltd for the supply of cardboard packing boxes for its entire range of products. KP was selected as an exclusive supplier after an exhaustive tender process. One of KP's two directors is Ms M, the wife of one of Westinghome's directors, Mr M. Company minutes reveal that Mr M did not take part in either the preparation of the tender documents or the selection of the successful tenderer. You note that details of this contract were omitted from the preliminary list of related party transactions supplied to you by the financial controller. 2.Westinghome introduced a new system for the control of inventory on 1 January 2011. The company performed extensive testing on this new system and management was convinced that it was operating effectively. This system has a utility that can produce many specialised reports for internal use by management. The system is a perpetual inventory system; management decided that a year-end stock take would no longer be required and instead decided to perform monthly cyclical counts to ensure the system was functioning correctly. 3.During the year ended 30 June 2011, Westinghome changed several of its accounting policies. One of the policies changed was accounting for employee entitlements. The effect on the 30 June 2011 financial statements was immaterial and so it was not disclosed, although it was expected to have a material effect in subsequent years. The financial controller is new to the company and appears to be unaware that recent changes have occurred in accounting policies. 4.In 2010, Westinghome introduced a 'budget buster' range of small electrical appliances. The range was introduced to recapture the lower end of the appliance market, which Westinghome was slowly losing to cheaper imported products. Over the last 3 years, Westinghome began receiving reports that some budget buster electric kettles had been giving their users small electric shocks. Some of these kettles are still covered by warranty. Required: a.Discuss how your audit plan and audit approach would be affected as a result of each item. b.Where possible, relate the effects noted in (a) to specific financial statement assertions.
Consider the positioning school- Strategy formation as an analytical process. Whole a Five Forces analysis for F. X. Pounds. Which of Porter's Four Generic Strategies must apply to F. X. Pounds? Remember to consider how the tools as well as strate..
You have been asked to create a message that suggests 3 methods for managing stress at work. Illustrate what 3 methods will you comprise on the poster? Explain why you chose them.
Explain What is the Net Present Value of this project at the end of year and Annual discount rate is
Do you believe which the complex task of management can be boiled down to a few principles? Or will there always be so many personality and situational variables involved which the practice of management will remain more of an art than a science?
Illustrate what differences acquiring revenue, accruing expenses and training of key personnel are there in a non-profit organization's inability to thrive and a for-profit organization's inability to thrive?
How does the formal power structure help (or hinder) cross-functional team effectiveness? Explain.
Which type of vertical marketing system does zara employ? list all benefits that zara receives by having adopted this system. Describe the concepts of horizontal and vertical conflict as they relate to zara.
A manager states that his process is actually working well. Out of 1,550 parts, 1,473 were produced free of a particular defect as well as passed inspection
Explain Marketers estimating the demand curve- don't have to worry about price competition because of the nature of the demand curve
Knowledge workers dominate today's business environment. What industries still need skilled workers who are not knowledge workers?
Describe cultural competency and describe its overall importance in the delivery of health services and do you believe the healthcare delivery system is culturally sensitive in its delivery of services? Defend your position.
Why do you think having an HR strategy is important for a company?
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