Pinnacle Case Study a. External users’ reliance on financial statements: 1. The company is privately held‚ but there is a large amount of debt‚ so the financial statement -may be used extensively. Also‚ management is considering selling the Machine-Tech division‚ which has the potential to result in extensive use of the statement by buyers. 2. Item 6 in the planning phase indicates plans for additional debt financing. Likelihood of financing difficulties: 1. The solar power engine business
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How should a company account for the legal costs of formation? Should the accounting treatment be the same as that for underwritten and other share issue costs? Generally it is recorded as the asset but as it does not have any economic future benefits to the company and it occurs only once so it should be treated as intangible assets. Under paragraph 69 of AASB 138‚ intangible assets does not allow the initial cost to be treated as an asset which needs to be treated as an expense and should be
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Riordan Manufacturing Part 1 BSA 375 October 7‚ 2013 Riordan Manufacturing Part 1 Riordan Manufacturing is an industry leader in its field and is committed to providing its employees and business partners with efficient and professional service. The hardware‚ software‚ and processes that make up Riordan’s Human Resource Information System (HRIS) pose a major obstacle to its continued success and aspiration of becoming a green company. In response to these challenges with its current HR
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A. Review Part II and identify information that affects your assessment of acceptable audit risk. Note that only some of the situations in Part II will relate to acceptable audit risk. Classify the information based on the three factors that affect acceptable audit risk. • External users’ reliance on financial statements o There is a large amount of debt for a publically held company‚ and the financial statements will be used rather extensively. o Situation 6: the board of directors has decided to
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10-45 PINNACLE MANUFACTURING - Part III Control Risk Matrix – Acquisitions Transaction-Related Audit Objective Internal Controls* Recorded acquisitions are for goods and services received (occurrence). Existing acquisition trans- actions are recorded (complete-ness). Recorded acquisition transactions are stated at the correct amounts (accuracy). Recorded acquisition transactions are properly included in the master files‚ and are properly summarized (posting and
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Additive layer manufacturing for aerospace parts ES Technology Additive layer manufacturing ES Technology has revealed that additive layer manufacturing (ALM) for direct part production has been embraced by a number of manufacturing sectors‚ not least the aerospace industry The ability to produce components in a range of materials including hot-work steels‚ stainless steel‚ cobalt chromes and Inconel‚ plus titanium and aluminium alloys‚ presents the aerospace industry with large potential for
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Part I Points Possible: 80 Of the following three questions‚ answer two of your choice. 1. Study the Memoir for the Marquis de Seignelay (Links to an external site.) and the 1699 Map of North America (Links to an external site.) and respond to each of the following questions in at least three complete sentences. a. What was at issue between the French and the English? - The rivalry between the French and the English in obtaining Indian allies as well as defining boarders between the two colonies
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\ Pinnacle Foods Inc.: Initial Public Offering MACKK Consulting Group BSAD 444.20 April 1st‚ 2013 Company History Pinnacle Foods Group is a food packaging company specializing in shelf stable and frozen food categories. The company was formed in 1998 as Vlasic Foods International‚ acquiring several food-manufacturing brands such as Swanson TV dinners and Open Pit from the Campbell Soup Company. Pinnacle’s portfolio of iconic brands dates back in existence to the 1800s. The earliest brand
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Question 1 (Statement of the Problem) Pinnacle Machine Tool Company is an example of an opportunity and a problem that needs to be examined. The CEO of Pinnacle‚ Don Anglos‚ has the opportunity to acquire Hoilman Inc. If Pinnacle Machine Tool Company acquires Hoilman Inc‚ they have the resources to develop software that transmits real-time information on its customers’ equipment. This advantage will enable the company to upgrade itself and be more sufficient to its customers. However‚ CFO and
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INDP Part 3 Andrew Truxton NTC 362 April 20th‚ 2015 Salman Almakky INDP Part 3 Local Area and Wide Area networks are vital to associating Kudler Fine Foods together. Similar to the equipment and programming expected to make and secure the networks. Every area will be set up with its own particular Wireless local area association and they will all use the Internet to give a Wide Area association with the organization overall. LAN‚ WAN and Wireless advancements Local Area Networks‚ or LANs‚ are
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