01 tecHnicAl analytical procedures relevAnt to AccA QuAlificAtion PAPers f8 AnD P7 AnD cAt PAPer 8 ‘The auditor shall design and perform audit procedures that are appropriate in the circumstances for the purpose of obtaining sufficient appropriate audit evidence.’ (ISA/HKSA 500(6)) To obtain audit evidence‚ the auditor performs one – or a combination – of the following procedures: ¤ inspection ¤ observation ¤ external confirmation ¤ inquiry ¤ reperformance ¤ recalculation
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CAPITAL BUDGETING PROBLEM BMW Bike is considering building a new plant. Juan Optimist‚ the company’s marketing manager‚ is an enthusiastic supporter of the new plant. Mila Pessimist‚ the company’s chief financial officer‚ is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The following figures were estimated regarding the construction of a new plant. Cost of plant 4‚000‚000 Annual cash inflows 4‚000‚000 Annual cash
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Federal Budgeting and Accounting Cayce Harris ACC-548 01-15-2015 Mindi Smedley Federal Budgeting and Accounting What roles do accountants play in managing government and not-for-profit organizations? According to Granof‚ “conventional‚ business-type management accounting focuses mainly on maximizing net inflow of cash. The aims of governments and not-for-profit organizations‚ of course‚ go well beyond maximizing cash flow” (Granof‚ 2013). Accountants in government and not-for-profit organizations
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Introduction of Capital Budgeting Capital budgeting is the process of identifying‚ analyzing and selecting investment project by a firm which the project expected will generate cash flows over one year. Each potential investment’s value will be estimated by using a Discounted Cash Flow (DCF) valuation in order to find its Net Present Value (NPV). All the incremental cash flows from the investment required estimating the size and timing by using this valuation. The NPV will influence by the discount
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A MANAGER’S DILEMMA: WHO GETS THE PROJECT? CMT‚ a leading innovator in the telecommunications industry‚ has a new hardware product which is under development with associated software. Henry Mathews‚ the director of software support tasked to choose who to be in charge of the new project had just taken a two-week vacation which left Dave Peterson to be temporarily in command of the entire unit. Dave Peterson is the manager of customer software support. He needs to make an immediate decision
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Affordable‚ secure and appropriate housing is a right‚ not a privilege‚ to all Australians. I’m proposing a campaign to make housing an issue to get people motivated about it to have safe‚ affordable and appropriate housing recognized as a right in Australia. Housing is recognized by many declarations as a right. However‚ the struggle here is to turn rights into realities. Many declarations of Rights hold housing in high esteem. Article 25 of the Universal Declaration of Human Rights‚ adopted
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capital Budgeting In the world of business‚ capital budgeting is one of the most important steps that a company can take. Many in the business world do not properly understand the importance of capital budgeting. Here are the basics of capital budgeting and why it is important to businesses. What Is Capital Budgeting? Capital budgeting is a process that attempts to determine the future. Before any large project begins‚ the capital budgeting process should be utilized. Without capital budgeting‚ your
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Ashiana Housing Limited Update for Quarter Ending June 30th 2012 1 Utsav Bhiwadi Agenda Highlights and Overview Ongoing Project Details Financial Summary Future Projects Future Outlook 2 Highlights (Q1 FY13) Acquired a land parcel measuring 1.03 acres in Bhiwadi. Target product – Group Housing. Disposed Tanawada Land at Jodhpur measuring 10.92 Acres. Customers started moving into Rangoli Gardens. Phase-1 handed over 4 months ahead of schedule. Prices increased in most projects leading
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and other services for travelers and tourists. The Hotel and Restaurant Management Industry must have Standard Operating Procedures (SOP) to guide them in their day to day business operation. An SOP is a document which describes the regularly recurring operations relevant to the quality of the investigation. The purpose of an SOP is to carry out the operations procedure correctly and to do transactions actions repeatedly in the same manner always. Moreover‚ an SOP manual should be available
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Capital budgeting (or investment appraisal) is the planning process used to determine whether an organization ’s long term investments such as new machinery‚ replacement machinery‚ new plants‚ new products‚ and research development projects are worth pursuing. It is budget for major capital‚ or investment‚ expenditures.[1] Many formal methods are used in capital budgeting‚ including the techniques such as * Accounting rate of return * Payback period * Net present value * Profitability
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