CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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customer`s ability to pay off the debt is valuation assertion. The primary objective for performing year-end sales cutoff tests is to review year-end purchases‚ sales‚ and investment revenue made to ensure that transactions were recorded in the proper accounting period. By performing year-end cutoff test‚ the auditor’s tries to test completeness or occurrence assertion; depending on the direction of testing. The auditor should look very carefully at the year-end transaction especially if it is substantial
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Tanglewood Case 3 Case Description/Introduction I will analyzed the information from the recruiting data and will prepare a report with the best recruiting strategy to fill up a job vacancy for a store associate at Tanglewood store. Also I will use the organizational data to determine the best methods for recruiting new staff. And finally I will develop various forms of recruitment messages to encourage individuals to apply for a new job position. “Recruitment is the process of attracting
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and also links with the publishers. Therefore‚ not many new entrants. 3) Substitute products and services – e-books and other digital media 4) Customers – are switching more towards e-books. However‚ B&N has no competition in traditional books market. 5) Suppliers – same suppliers or book publishers as before. Value chain for internet is improved a lot by fast outbound and inbound logistics through the internet only. In case of B&N‚ it happens physically and is time consuming. Operations is prevalent
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Case Assignment- Chapter Three Analyzing Managerial Decisions: Property Right Security in Russian Deprivatization Tina Crawn 1 1 What impact will the prospect of deprivatization have on investment by managers of privatized firms? The prospect of deprivatization will have a negative impact on investments by managers of privatized firms. If the government decides for whatever reason they want to come up with that the sale was not legal‚ the transaction
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Case Review of Vandelay Industries‚ Inc. Table of Contents I. Problem Statement 1 II. Background Information and Introduction of the Case 2 III. Summary of Findings 2 IV. Analysis of Alternatives 3 V. Detailed Recommendations 5 Case Review of Vandelay Industries‚ Inc. Problem Statement Vandelay Industries‚ a global‚ multi-billion dollar corporation that manufactured industrial rubber and latex process equipment‚ was being ran on out-dated‚ fragmented‚ manufacturing and order fulfillment
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HRM Incident 3: The Controversial Job David Rhine‚ compensation manager for Farrington Lingerie Company‚ was generally relaxed and good-natured. Although he was a no-nonsense‚ competent executive‚ David was one of the most popular managers in the company. This Friday morning‚ however‚ David was not his usual self. As chairperson of the company’s job evaluation committee‚ he had called a late morning meeting at which several jobs were to be considered for reevaluation. The jobs had already been
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Case 3 1) What type of multi-country organization is Body Shop as described in the case? Global? Multinational? International? Other? Please explain and be specific. From the case‚ The Body Shop is a global company. First of all it is centralized and globally scaled. It dose not make decision or different product in different country. Even though it has company stored and licensed store its product do not change by different stores. It has local element by setting up a Community Care Department
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small businesses too. Sew What? Inc. lacked the knowledge of the support IT could give to their business and contribute to the overall operational processes of tracking. Recognizing the importance of information technology for their operations‚ business organizations continue to invest in IT infrastructure and management (George & Khoja‚ 2012) Once it was brought to the attention of Megan Duckett‚ she realized how important it was for her company to expand their
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Week 3: Case Study September 13‚ 2014 Chapter 3 1. Which barriers to listening described in Chapter 3 might make it difficult for Mark and Kate to hear one another’s perspectives when they meet to discuss the situation? Listening is very important in communication. This is the key to effective communication. Listening effectively is one’s ability to fully understand and interpret messages sent by the speaker. In Mark and Kate’s situation‚ there are listening barriers that prevent and make it
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