Case 11-9 Goodwill Impairment Testing • Galaxy Sports Inc. (Galaxy)‚ a U.S.-based manufacturer of sports equipment‚ is a calendar year-end SEC registrant with one operating segment and the following three reporting units: o Fitness Equipment. o Golf Equipment. o Hockey Equipment. • Galaxy is in a competitive industry with several publicly traded companies in which growth and profitability are tied to the market and consumer demand. • Three reporting units are appropriate because
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Innovative and sustainable healthcare management: Strategies for growth Conference background note August 2012 www.deloitte.com/in 2 Contents Current perspective on Indian healthcare 4 The complex healthcare challenge: The need for innovations 6 Framework for understanding innovations in healthcare management 8 Driving sustainability of innovations 15 Way forward 16 References 17 Contacts 18 Innovative and sustainable healthcare management: Strategies for growth
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Who you are now and who you seek to become as a leader in the future WHO AM I NOW! I started my career about four and half years ago as a technical writer‚ which lead to project analyst‚ then proposal coordinator‚ and now as a proposal lead and in transition phase of becoming a proposal manager. As a Proposal Lead‚ I am responsible for coordinating or leading all phases of the company’s proposal process for federal or state RFPs or RFIs related to healthcare. I possess the ability to deliver a
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denominated in the functional currency of the joint venture. Sparkle has a strong Nigerian management team and an experienced ex-Brighten managing director. U.S. laws govern the diamond trade worldwide and all sales are made in US$. Copyright 2009 Deloitte Development LLC All Rights Reserved. Case 11-4: Functional Currency Determination - IFRS Page 2 2010: Shine sold its share in the joint venture to Brighten. Though the loan was included in the sale‚ all other above mentioned factors remained
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14 June 2011 Retail Industry Inquiry Mr Phillip Weickhardt Productivity Commission GPO Box 1428 Canberra City ACT 2601 By email: retail@pc.gov.au Dear Mr Weickhardt Re: Economic Structure and Performance of the Australian Retail Industry Woolworths Limited welcomes the opportunity to provide this submission to the Productivity Commission’s Inquiry into the Economic Structure and Performance of the Australian Retail Industry. Woolworths believes this Inquiry provides an important opportunity for
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Deloitte reported that by Q1 2014 the total stock of hotels in Dubai had grown to 344 hotels (providing approximately 80‚000 rooms)‚ whereof branded hotels represented 167 properties. Occupancy in the upscale hotel sector in 2013 was 80%. The supply pipeline for Dubai reflects a substantial rise in market conditions reported Deloitte. In total there are currently 72 known hotels across all market sectors in varying
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Discuss the risks to an audit should the client become aware of the materiality thresholds used on audit engagements by the auditing firm. Auditors cannot insist that their clients accept all proposed audit adjustments even those that have an “immaterial” effect on the given set of financial statements‚ because most clients would refuse to propose audit adjustments. 1. Discuss the general principles or guidelines that dictate when companies are entitled to record revenue and how the
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Case 11-3 Master of the Universe Saturn Inc. (“Saturn”) and Venus Inc. (“Venus”)‚ two unrelated parties‚ form Jupiter‚ a joint venture. Saturn owns 51 percent of Jupiter and Venus owns 49 percent of Jupiter. The purpose of Jupiter is to own and operate organic clothing design and manufacturing facilities and sell organic clothing to unrelated retailers. When Jupiter was formed‚ Saturn contributed $561 million to Jupiter and Venus contributed four manufacturing facilities with an assembled
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THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
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AFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks
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