appendix should not contain discussion or analysis. [That is‚ the overall limit is three pages + a two page appendix‚ if needed‚ for a total of 5 pages (single spaced‚ minimum 12 font)]. For the most part‚ the background needed to complete the cases is readily available in the text‚ the CPA Canada Handbook‚ IFRS or in companies’ annual reports. The SEDAR web site is an excellent source of annual reports and the notes on accounting practices in these reports provide valuable background material
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|Case 4.6 | |Instructional Notes | | | |Phar-Mor‚ Inc.:
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In the chapter 25‚ since America ended the World War II after they dropped the atomic bomb in Japanese continent‚ America confronted the communist‚ especially Soviet from 1946 to 1952. Through this confrontation between America and Soviet‚ the cold war begun around the world. Since the Soviets tried to reinforce opposing goals that were against American vision in Eastern Europe‚ the Soviets forced pressured Eastern Europe to make communism. However‚ fortunately‚ the Truman Doctrine helped those nations
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Question 1 - Risks surrounding the identified accounts The Audit of TNO Ltd has highlighted number of risks. The risks highlighted in the audit are discussed throughout the report. Below is a table of the risks and tests to carry out‚ based on the five accounts highlighted as being of risk. The common assertion that is common to the five accounts is valuation and allocation. Account Assessment of Risk Substantive audit procedure Accounts Receivable Account Receivable has increased while sales
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of its segments share the same general risk and growth factors‚ aside from their non-Nike brand lines. However‚ they only comprise 4.5% of company revenues and are relatively insignificant. One of the first errors regarding the analysis in the case is that the employee calculated equity as a portion of total capital based on the company book value of $3‚494.5. It is more appropriate to value the equity based on current market value. The current market value of the firm as shown in the analysis
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In 2005‚ Phillip (Phil) Landgraf faced several glaring problems in the financial performance of his company‚ BioPharma‚ Inc. The firm had experienced a steep decline in profits and very high costs at its plants in Germany and Japan. Landgraf‚ the company ’s president for worldwide operations‚ knew that demand for the company ’s products was stable across the globe. As a result‚ the surplus capacity in his global production network looked like a luxury he could no longer afford. Any improvement in
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the rejection of ornamentation. The Inland Steel Building clearly demonstrated how American architecture had changed during those decades and attested to the influence of both the international style and the work of Ludwig Mies Van Der Rohe and their basic principals of design. The Inland Steel Building was the first high-rise in the Chicago Loop after the construction hiatus created by The Great Depression and World War II. The elegant combination of steel and glass were innovative due to the mass
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Safeguarding unit 25 1.1 current legislation guidelines policies and procedures in the UK affecting safeguarding of children and young people are: Children’s act 1989 – simplified laws that protected children‚ provided clarity to those working with children’s of their responsibilities and duties regarding keeping them safe. Children’s act 2004 – following the death of victoria climbie the children’s act was revised following the Laming Report in 2003. This report led to the production of ‘Every
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SureCut Shears Case Write-up The issues presented in this case are mainly due to incorrect assumptions about the market for sales in 1995 and the subsequent retail downturn that followed. More specifically‚ Mr. Fischer (CEO of SureCut Shears) assumed sales and demand in 1996 would be consistent with the prior year. However‚ as noted in the actual financial statements for 1996‚ inventories grew‚ reflecting that demand for its products was not as anticipated beforehand. In addition‚ sales declined
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Topic: Privatization of Pakistan Steel Mills Subject: Pakistan Economic Policy Submitted By: M. Faizan Sohail (7133) Faculty: Shahid Iqbal Date of Submission: 12th August 2010 Pakistan Steel Mills Introduction: Pakistan Steel Mills is the producer of long rolled steel products in Karachi‚ Pakistan. The Pakistan Steel Mill is the country ’s largest industrial undertaking having a production capacity of 1.1 million tons of steel. The enormous dimensions of the project can be visualized
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