CapitalBanc Corporation case 2.4 1- Management assertion is a set of information that the management provided it to the auditor‚ so the auditor will make sure there are no material misstatements. According to AU 326‚ paragraph 3‚ management assertions can be either explicit or implicit and can be classified according to three categories: Assertions about transactions‚ assertions about accounts balance‚ and assertions about presentation and disclosure. The auditor has to keep in mind that the
Premium Balance sheet Asset Accounts receivable
In 2013‚ the United States broadcast and cable television industry generated revenues of $149 billion. TV subscriptions contributed $104 billion; and advertising contributed the rest. Most households in the U.S. purchase TV subscriptions from cable operators such as Comcast and Time Warner‚ or satellite companies such as DirectTV‚ or Dish Network. Consumers also access television content through internet companies such as Netflix‚ Hulu‚ and Amazon Instant Video. Comcast‚ DirectTV‚ Time Warner Cable
Premium Satellite television Television network Cable television
Fluor Corporation (NYSE: LFR) - a publically traded company on the New York Stock exchange‚ founded in 1912. The company offers many services as a part of its five segments business: oil & gas‚ industrial & infrastructure‚ government‚ global services‚ and power subsidiaries. Fluor Corporation provides engineering‚ procurement‚ construction‚ fabrication and modularization‚ commissioning and maintenance‚ and project management services worldwide. The business operates in the United States and Canada
Premium Investment Management Financial ratio
Case Writeups : Sealed Air Corporation 1) What has been happening in this market? How has Sealed Air (SA) been doing? To what do you attribute SA’s success? Sealed Air had achieved 25% annual growth in net sales and net earnings from 1971 to 1980. The company has been keeping a technical leadership position in the market. During 10 years‚ the company built on its development of the first-cell‚ lightweight cushioning material‚ introduced the first foam-in-place packaging system‚ and engineered the
Premium Marketing Sales Brand management
Case 4.2 Comptronix Corporation identifying inherent risk and control risk factors Mark S. Beasley Frank A. Buckless Steven M. Glover Douglas F. Prawitt it was 9:30 A.M. on a monday morning when the call came through. "hi dr mitchell‚ do you have a minute? "sure" the professor replied "i am on of your former students‚ but if you don ’t mind‚ i would prefer to remain anymous. i think it is best for both us if i not reveal my name or my company to you. i am concerned that the
Premium Audit Generally Accepted Accounting Principles External auditor
Cervus Equipment Corporation‚ was found in the 1990s to manages and consolidate farm equipment dealerships. It is based in Calgary‚ Alberta. It is in partnership with original equipment manufacturers and has branched out into the construction and long haul manufacturing industries. It has also increased its geographic foot print by moving into New Zealand and Australia. The company has successfully grown through acquisition‚ and has grown its revenue from $56 million to $979 in a pace of 11 years
Premium
MINICASE ACCT – 13 1. What are the relevant facts? - The company for which Chris is the controller is facing difficult times in light of a downturn in the construction industry. - Chris and Robin know that a material receivable from the Ender Corporation is probably uncollectable. - The allowance adjustment for the material receivable has not been made - Allowance adjustment will cause the auditor to mention the company’s unstable financial position and therefore without a clear opinion‚ the
Premium Finance Debt Corporation
Executive Summary Biopure Corporation was established in 1984 and is a privately owned pharmaceutical firm. They are trying to launch two new products: Hemopure (human market) and Oxyglobin (veterinary market). They are the only company aggressively engaged in the development of blood substitutes for the vet market. Biopure has invested $200M in the development of said blood substitutes. They currently don’t have any revenues with little to no debt and financing of $50M to support these operations
Premium Health care Net present value Medicine
Situation Analysis Industry: Cutlery/ Direct Selling Industry Sales force consists of 15 million direct sellers 2007 U.S. Industry sales were $30.8 billion; Global sales were $114 billion Average annual growth rate is 3.2% Company: 61st year in operation (2010) $200 million revenues Headquarters located in Olean‚ Pennsylvania Over 500 products‚ ranging in price from $27 to $945 (Increases 5% every other year) Numerous subsidiaries- Trends: Majority of sales force
Premium Marketing Business Sales
suppliers’ financial situation‚ their estimated per unit total cost‚ evaluation as well as a sourcing risk management plan for the supplier selected. Terms of reference To prepare sourcing strategies for key purchased items for Pacific Systems Corporation (PSC)‚ starting with selecting the most appropriate supplier for potentially the next few years Recommendations After carefully considering the estimated per unit total cost‚ SureTech did come out with the lowest cost at $162.5 per unit for
Premium Supply chain management Balance sheet Management