1. Should auditors insist that their clients accept all proposed audit adjustments‚ even those that have an “immaterial” effect on the given financial statements? Defend your answer. The auditors should not insist that their clients accept all proposed audit adjustments. The auditor’s main duty is to provide reasonable assurance to verify the accuracy and compliance of client’s financial statements‚ to ensure that it conveys data and information of events occurred within the accounting period
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1) This case is about Retrotonics‚ a medium size Australian company which design and sells a small range of innovative high-tech building equipment in Sydney and its management problems that have caused by Tom Masters‚ the General Manager. First of all‚ the article shows that Masters’ autocratic management style is not applicable. Masters only concerns on cutting costs and expanding the product line but ignores the feeling of the staff members. The other problem is Master unable to delegate because
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Solutions Offered by Rochem in Various Platforms 1. Reverse Osmosis: It is one of the most widely used technologies to treat industrial waste water. It has been commonly used to remove salts and various other impurities so as to improve the parameters such as pH‚ biological oxygen demand‚ chemical oxygen demand. This technology is already on the rise because of its efficacy and cost efficiency. Reverse Osmosis is a phenomenon wherein water is separated from a solution of dissolved solids by the
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Case Studies in Finance: Managing for Corporate Value Creation Fourth Edition July‚ 2002 Robert F. Bruner Distinguished Professor of Business Administration Darden Graduate School of Business Administration University of Virginia Post Office Box 6550 Charlottesville‚ Virginia 22906 Email: brunerr@virginia.edu Web site: http://faculty.darden.edu/brunerb/ ABSTRACT: This book presents 46 case studies in finance‚ targeted toward upper-level undergraduates and introductory and intermediate-level MBA
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Introduction: BP has been operating in Russia since the early 1990s. In 1997‚ it purchased a 10 per cent stake in Sidanco‚ the Russia’s 4th largest oil company. The stake was subsequently increased to 25 per cent plus one share in 2002. In 2003‚ BP merged its interests in Russia with those of TNK to create TNK-BP‚ a hugely successful joint venture employing around 50‚000 people and operating in nearly all of Russia’s major hydrocarbon regions. Since its formation‚ TNK-BP went on to become Russia’s
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*Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? The most obvious reason for the difference between the market value of equity and the book value of equity is the inability to record certain intangible assets such as brand value‚ customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings
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Answer 1. SWOT analysis of The Fashion Channel The Fashion Channel (TFC) is a 24*7 cable TV network which is exclusively dedicated to fashion. It was found in 1996 and since then it has been witnessing continuous upswing. According to an annual demographic survey‚ TFC is having approximately 110 million subscribers of cable & satellite television. But‚ due to increasing competition with other fashion channels‚ it is in the need for developing a modern and updated brand strategy. SWOT analysis
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Crucible” the character Mary Warren changes her personality from act one to act two. In act one‚ Mary Warren is scared because of what they did in the woods and the punishment that all of the girls will get for participating in the act. In act two Mary Warren gains power and uses it to her advantage and she is forgetting her duties at home and she is defying John Proctor and saying that she’ll do it another time. After everything happens in this book it is clear that Mary Warren changes a lot and starts
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“The Unknown Citizen” and “Warren Pryor” are similar in that they both make sacrifices. “The Unknown Citizen” is about a man who sacrifices everything to fit in and “Warren Pryor” is about a man who sacrifices his happiness for his family. When people make too many sacrifices‚ they lose their individuality and turn into a statistic. The ultimate sacrifice is giving up what you love. Warren Pryor is a hardworking farm boy who is fascinated and devoted to the farm and that kind of life. Whereas‚ in
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CASE: MAKING NORWICH TOOLS LATHE INVESTMENT DECISIONS PAR T A: PAYBACK PERIOD years cash flows 0 1 2 3 4 5 (660‚000) 128‚000 182‚000 166‚000 168‚000 450‚000 PBPA LATHE A cumulative cash flows cash flows LATHE B cumulative cash flows 128‚000 310‚000 476‚000 644‚000 1‚094‚000 (360‚000) 88‚000 120‚000 96‚000 86‚000 207‚000 88‚000 208‚000 304‚000 390‚000 597‚000 4.04 PBPB 3.65 ACCEPTABILTY OF EACH PROJECT: Lathe A will be
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