Client name: Gold Explorer Inc. Schedule :X-1 Audit area: Risk Assessment Preparer :M.X Balance sheet date: xx/xx/xx Date: 01/01/2012 Raj‚ The following memo addresses the risk assessment of one our clients‚ Gold Explorer Inc.; a major public Canadian gold mining company. The firm has been auditing this company for the past 8 years‚ in which very few misstatements were discovered
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Case 2-2: 1. With respect to the adjustments related to goodwill‚ answer the following: a. Why does the adjustment for goodwill amortization increase net income under Country A GAAP but decrease net income under Country B GAAP? The adjustment for goodwill amortization increases net income under Country A GAAP but decrease net income under Country B GAAP because of how SKD amortizes goodwill for a period of 20 years while for Country B goodwill is only amortized for a period of 5 years. This leads
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For Sky Fighters Inc‚ I would compare the costs and prices of my services‚ taking into account the costs of other offices like mine. We all know that the price is the sum of cost and profit. Therefore the forecast of the price depends on the price comparison of competition‚ considering that this company offers a similar service like mine. All business involves two types of costs: fixed costs and variable costs‚ so it is important to distinguish between reasonable‚ allowable‚ and allocable costs
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Unit 10- Task 2 Some reasons that children may need to be looked after outside their homes‚ may include; neglect‚ abuse‚ financial difficulties‚ illness or family breakdowns. The cares that can be given to these children include; adoption‚ foster care‚ respite care‚ emergency care‚ shared family care and care within a residential setting. Adoption may be seen as a last resort‚ as it involves the children being taken out of the home permanently‚ and being placed with another family. This often
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Case Study 2: Green Computing Research Project Part 2 Dr. Urimindi CIS 517 August 11‚ 2013 Requirements Traceability Matrix Project Name: Green Computing Research Project Project Manager: Requirement No. | Name | Category | Source | Status | 1 | Data Center | Building | | | 2 | PC computers and laptops | Hardware | | | 3 | Recycling | Building | | | 4 | Virtualization and Cloud Computing | Hardware | | | 5 | Solar Computing | Energy Source | | | 6 | Electricity output | Energy
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liabilities + Equity) - Balances the company’s assets with it Current Liabilities – long term (mortgage payable) Short term (1 year) ex. A/P‚ N/P‚ Wages Payable‚ Rent Chapter 2 Money Measurement – Everything measured in terms of $ and cents (common denominator) www.reocities.com/CollegePark/bookstore/3932/index2.htm 1/10 6/25/13 ACG 6085 – ADVANCED ANALYSIS OF ACCOUNTING DATA Entity Concept – Any activity for which accounting reports are prepared. Income Statement – Explains how income
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The central purpose of writing this Case Study Analyses on The Gap‚ Inc. is to identify and isolate key issues and their underlying implications and offer practical solutions and plans for implementing those solutions. This will be done by highlighting the social influences that influence the Gap‚ Inc. marketing strategy‚ segmentation strategies with respect to distinct retail markets‚ and positioning strategies that can be used or changed in a retail setting‚ as requested in the course assignment
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Crouse Hinds‚ Inc. Case Analysis 1. PROBLEM STATEMENT Crouse Hinds Inc. is trying to reduce logistic expenses and overall costs because of a recent resignation of an experienced‚ yet possibly outdated Purchasing Manager during a period of national economic turmoil. Savings will be met by creating a thorough logistics strategy‚ which is aimed at reducing major costs such as a 24% annual holding cost‚ and multiple transportation costs. 2. ANALYSIS Crouse Hinds‚ Inc. is a well-established
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CASE 1.3 Just for FEET‚ Inc. 1. (1) Common-sized Balance Sheet 01/01/1999 01/01/1998 01/01/1997 Current assets: Cash and cash equivalents 2% 18% 37% Marketable securities available for sale - - 9% Accounts receivable 3% 4% 2% Inventory 58% 46% 35% Other current assets 3% 1% 1% Total current assets 65% 69% 84% Property and equipment‚ net 23% 21% 15% Goodwill‚ net 10% 8% - Other 1% 1% 2% Total assets 100% 100% 100% Current liabilities: Short-term
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Case 10-5 Danle Corporation In November 2008‚ Danle Corporation，a public company engaging in the design‚ development‚ manufacture‚ and assembly of motors，was sued because of safety issue of parts it manufactured. Danle made no disclosure of the lawsuit in Form 10-K since it determined that the risk of potential loss was remote and no amount of potential damages could be reasonably estimated. In October 2009‚ Danle was served a second complaint for the same reason. Danle’s external counsel believed
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