Four key elements must be included in this report (Smith‚ Ledyard;): 1. Statement of responsibility by the company management (CEO and CFO) for establishing and maintaining an adequate internal control structure and procedure for financial reporting. 2. Statement identifying the framework used by management to evaluate the effectiveness of the company’s internal control over financial reporting. 3. Management’s assessment of the effectiveness of internal controls over financial reporting. 4. Attestation
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Term Final Exam Preparation (Note: This document includes practice examples from chapters covered only after the mid term. Your term final exam will be a comprehensive one and will include all chapters both before and after mid term exam.) FIN 300 Review: Basic Capital Budgeting Ch. 14: Calculating WACC Calculating the growth rate of dividends Ch. 15: Value of a right (including flotation) Dilution (three types) IPO underpricing (Winner’s Curse) Ch. 16: Indifference EBIT
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1. What is the present value of the following uneven cash flow stream −$50‚ $100‚ $75‚ and $50 at the end of Years 0 through 3? The appropriate interest rate is 10%‚ compounded annually. PV=190.46 (SEE EXCEL FILE ATTACHED) 2. We sometimes need to find out how long it will take a sum of money (or something else‚ such as earnings‚ population‚ or prices) to grow to some specified amount. For example‚ if a company’s sales are growing at a rate of 20% per year‚ how long will it take sales to double?
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present. The internal control is only deemed effective once all material weaknesses are properly addressed and solved. * A statement that a registered public accounting firm has issued an attestation report on the management’s internal control .2 If LJB Company decides to go public‚ it must take into account the cost against the benefits of doing so. The increased standard of internal control requires a lot of funding and will probably require them to add employees in order to keep up with
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This work of FIN 370 Week 2 Discussion Questions shows the solutions to the following points: 1. What are the differences between strategic and financial planning? What financial problems might an organization encounter when implementing their strategic plan? 2. What is the relationship between an operating budget and a cash budget? Why is it important for an organization to prepare a cash budget? 3. What decisions does the breakeven point help an organization to make? 4. How would you explain
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Internal Controls in Accounting for publicly traded companies. Regulations and Guidelines for the President‚ CEO‚ and CFO. 10/05/2012 By: Accounting 504 Table of Contents I. Introduction II. Rules‚ Regulations‚ and Guidelines III. Advice to LBJ Company IV. Conclusion This document is intended to serve as an informational piece regarding steps and procedures that would need to be followed for the purposes of bringing a privately held company into regulations
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1. Which of the following is considered a hybrid organizational form? Limited liability 2. Which of the following is a principal within the agency relationship? a shareholder 3. Which of the following presents a summary of the changes in a firm’s balance sheet from the beginning of an accounting period to the end of that accounting period? The statement of cash flows. 4. Teakap‚ Inc.‚ has current assets of $ 1‚456‚312 and total assets of $4‚812‚369 for the year ending September 30‚ 2006
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Exam #2: Essay Questions 1. Describe the development of the Atlantic slave trade and of the system of slavery in the American colonies. How did the slave trade begin? How was it carried out (be sure to discuss the Triangle Trade)? What was the impact of slavery on the Thirteen Colonies and how did it differ from the rest of the Americas? 2. Describe the Salem witch-hunt and its place in both the history of New England and of the Great European witch-hunts of the 16th and 17th centuries
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2012FA-BUSI-2301-6001 2012FA-BUSI-2301-6001 2. Exams 3. Take Test: Exam 2 Menu Management Options * * * * * Expand All * Collapse All * 2012FA-BUSI-2301-6001 (2012FA-BUSI-2301-6001) * Textbooks * Syllabus * Instructor Info * Exams * Case Studies * Email * Power Points * Make a RTF File * Announcements * Check grade * Tools * Class Policies Take Test: Exam 2 Content Top of Form Assistive Technology
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REVIEW EXAM II 1. Determine whether the following relations on A = {1‚ 2‚ 3‚ 4} are reflexive‚ symmetric and/or transitive? a. { (2‚ 2)‚ (2‚ 3)‚ (2‚ 4)‚ (3‚ 2)‚ (3‚ 3)‚ (3‚ 4) } b. { (1‚ 1)‚ (2‚ 2)‚ (3‚ 3) } c. { (1‚ 3)‚ (1‚ 4)‚ (2‚ 3)‚ (2‚ 4)‚ (3‚ 1)‚ (3‚ 4) } 2. Which of the following are equivalent relations on the set of people? If not‚ list the property that does not hold. a. { (a‚b) | a and b speak a common language } b. { (a‚b) | a and b have the same sex }
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