Case Study: Star Technologies 1. Explain why "industry knowledge" is so important to an audit engagement team Identify risk factors commonly posed by companies in high-tech industries. Industry knowledge is so important because it helps auditors identify areas that need special attention where errors and fraud might exist. Auditors are then able to evaluate the reasonableness of the accounting estimates made by management. It will also help them evaluate the accounting principles used by
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Case 5:"Dell Inc. in 2008: Can it Overtake Hewlett Packard as the World Leader in Personal Computers?" Question 1: a. 1992: Michael Dell becomes the youngest CEO of a Fortune 500 company at age 27b. b. Michael Dell has been the key factor for Dell‚ Inc. growing into the corporation it is today. In my opinion‚ his top 5 key strengths that helped Dell‚ Inc. grow include: 1. Competitive nature 2. Foresight & Vision 3. Willingness to take risks 4. Aggressiveness 5. Ability to execute c. 5 Tasks
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CASE OVERVIEW Valley Technology Inc. is a part of the computer storage industry that initially offered a tape drive portfolio of products‚ which provides backup and recovery capabilities‚ and it has recently introduced a network attached product which is dedicated to file sharing only. The company encountered dilemmas regarding the most appropriate alternative that would be best to resolve their plan of reducing the company’s overall cost‚ specifically with the tape storage division
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CASE FAIRCHILD WATER TECHNOLOGIES‚ INC. 1. The difference between a developing and a developed country are typically based on economics. A developing country usually has a low level of affluent citizens‚ and higher levels of unemployment. Developing countries also have lower education rates‚ and often times undeveloped‚ rural type villages. Developed countries usually have technological advantages‚ better roads‚ stable governments‚ higher education rates‚ and good health care. 2. By performing
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Case Discussion – Assignment Questions Thursday‚ February 17‚ 2011 Case (6): Dell Inc in 2008 1. What is your evaluation of Michael Dell’s performance in his roles as Dell’s CEO and Chairman? How well has he performed the five tasks of crafting and executing strategy that were discussed in Chapter 2 I was impressed with what Michael Dell has done for the company. Dells first company‚ PC’s Ltd. had a strategy of selling PC computers which mimicked IBM‚ except for a few minor components‚ were
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The Company Details Uber Technologies Inc.‚ also better known as Uber‚ is the transportation mobile application company founded back in 2009 (Lashinsky‚ 2015) that specializes in transportation through their mobile platform which operate 24-hour-per-day and connect passengers and drivers (Pullen‚ 2014). It has since then grown into a well-known‚ successful‚ billion-dollar company worth over $50 billion net worth with 58 countries involve (Kim‚ 2015). The company revenues through hire service and
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Handstar Inc. Handstar Inc. was created a little over four years ago by two college roommates to develop software applications for handheld computing devices. It has since grown to ten employees with annual sales approaching $1.5 million. Handstar’s original product was an expense report application that allowed users to record expenses on their handheld computers and then import these expenses into a spreadsheet that then create an expense report in one of five standard formats. Based on the success
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Table of Contents Issues 1 Facts 1 Analysis 3 Question 1 3 a. Report on the three-month operation of Ribbons an’ Bows‚ Inc. 3 b. Profit of the Company 4 c. The reason for the cash in the bank decline 5 Question 2 6 Question 3 8 Conclusions 9 Issues 1. a How would you report on the three-month operations of Ribbons an’ Bows‚ Inc.‚ through June 30? b Was the company profitable? (Ignore income taxes.) c Why did its cash in the bank decline during the three-month
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Aspen Technology Inc. 1. What are Aspen Technology´s main Exchange rate exposures? Aspen Technologic Inc‚ is firm specialized in the development of simulation software for customers in process manufacturing industries‚ particularly the chemical industry. Big part of the AspenTech earnings comes for the licenses of their existing products. The 52% of Aspen Tech’s software license revenues came from customers outside de United States. With most‚ but not all‚ of its expenses incurred in the
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Case 1 – page 6 1. How do information technologies contribute to the business success of Sew What .Inc? Give several examples. The following are information technologies that contribute to the success of Sew What. a) Computer software technology: Website • For example‚ before they put up their website (www.sewwhatinc.com) business was almost all local. Duckett admitted that business couldn’t grow optimally only by word of mouth without embracing technology. However‚ after launching website‚ they
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