whether to accept a client. Which of these five are required by auditing standards and identify the applicable standards? 1. Obtain an understanding of the client ’s business and operations. Consideration should be given to reading available financial information regarding the prospective client such as annual reports‚ registration statements‚ Forms 10-K‚ other reports to regulatory agencies and income tax returns. 2. Inquire as to the general reputation of high ranking employees‚ influential
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“Fantasy: something that is produced by the imagination : an idea about doing something that is far removed from normal reality.” To many‚ The Ocean at the End of the Lane reflects the Merriam-Webster’s definition. We know that the supernatural doesn’t exist‚ people can’t change the phase of the moon‚ and that duck ponds are not oceans. Those people stick to their idea of reality‚ and reject any other persons’ truths that don’t line up with theirs‚ even if it could help them see the world in a new
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FINANCIAL PERFORMANCE OF NON BANKING FINANCE COMPANIES IN INDIA Amita S. Kantawala (Reader in Management Studies‚ M.S. Patel Institute of Management Studies‚ M.S. University of Baroda‚ Baroda) Introduction The financial system comprises of financial institutions‚ financial instruments and financial markets that provide an effective payment and credit system and thereby facilitate channelising of funds from savers to the investors of the economy. In India considerable growth has taken place in the
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Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant http://www.blueoceanstrategy.com/ W. Chan Kim Renee Mauborgne Chapter One: The blue ocean strategy is best illustrated by the performance of Cirque du Soleil. Created in 1984 by a group of street performers‚ Cirque productions have been seen by almost 40 million people in 90 cities around the world. In less than 20 years‚ Cirque du Soleil has achieved revenue levels that took Ringling and Barnham
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The Effect of Financial and Non Financial Compensation to the Employee Performance Arik Prasetya† and Masanori Kato Graduate School of Asia Pacific Studies‚ Ritsumeikan Asia Pacific University Beppu-shi‚ Oita-ken‚ Japan Abstract-- This study aims (1) to examine the employee responses in terms of their performance to an implementation of the compensation policy that includes both financial and non financial compensations‚ (2) to analyze the influence of both financial and nonfinancial compensation
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Case 4 Ocean Manufacturing‚ Inc The Osprey Group Feb 21‚ 2011 Q1. The client acceptance process can be quite complex. Identify five procedures an auditor should perform in determining whether to accept a client. Which of these five are required by auditing standards? First they should gather and examine all available financial information‚ such as tax returns‚ annual reports‚ the balance sheet‚ and income statement. This should be done so that the audit firm can do a quick initial analysis of the
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BOOK REVIEW The book‚ Blue Ocean Strategy -How to create Uncontested Market Space and Make competition Irrelevant ‚ authored by W. Chan Kim and Renne Mauborgne is the best seller of its time. It is a widely accepted book for strategy professionals. The title indicates the theme of the book .This book promises to achieve the uncontested market space and make competition irrelevant by making the use of Blue ocean strategy. The book argues that companies in existence today should not try to beat
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In August Wilson’s Gem of the Ocean‚ he demonstrate many issues with authority figures abusing their power amongst African Americans. The setting of the play being placed in 1904‚ police in Wilson play such as Caesar reflected how police abuse their power in today’s society. Caesar‚ a black police officer in the play‚ demonstrates the issue of authority in today’s society abusing their power by exploiting the community‚ harassing African American people and taking innocent lives. August Wilson was
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FINC 6001 Assignment 1 According to the NPV analysis‚ if the predicted cash flow is correct‚ opening the sixth restaurant could bring limited profit to the company. From where the investors sit‚ Lisa and Mark might reject the project. They could compare with other investment opportunities by NPV method. Meanwhile sensitivity analysis would be used for offering more information to explain the project. Due to the different data in year 1 and the rest of years‚ I separated the sensitivity calculation
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financial analysis By: andreas ioannides E-mail: TABLE OF CONTENTS. INTRODUCTION. PROCEDURE. FINDINGS. 1.0 INVESTMENT RATIOS - MEASURES OF EFFICIENCY. 1.1 Earnings per Share. 1.2 P/E Ratio or Price / Earnings Ratio 1.3 Dividend Yield. 1.4 Dividend Cover. 2.0 PRIMARY OPERATING RATIOS - MEASURES OF EFFICIENCY. 2.1 Return on Capital Employed 2.2 Debtors Turnover
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