CAPACITY PLANNING Real Options Analysis Practice Questions and Solutions CAPACITY PLANNING Question 1: PROJECT SABLE Use a 30% per year discount rate to evaluate Project Sable‚ which has two phases. You may invest in the first‚ in both or in neither. You may not invest in the second phase without investing in the first. Phase 1 requires an investment of $100. One year later the project delivers on the average $120. At that time‚ after the phase 1 payout has been received‚ you may invest
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assertions and audit objectives - Define management assertions and the related audit objectives - Describe management assertions related to class of transactions‚ balances and presentation and disclosures - List out and describe general transaction related audit objectives‚ balance related audit objectives and presentation and disclosure audit objectives - Understand specific audit objectives and how they are linked to general audit objectives and management assertions Topic 4 – Audit evidence
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With the many different ways to define a successful career‚ each professional will define his or her success by the values and ethics he or she believes to be true. The personal values of each person guide professional behavior with such actions as integrity and honesty. Ethics are the morale standards each person obtains throughout life‚ which are used during the decision-making process. Together they allow professionals to make choices‚ have consequences‚ and create outcomes for success or failure
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Career Episode 2 A) Introduction I started working on this project of “Rehabilitation and Modernization of Jinnah Baarge” on July 2012. This career episode describes my job rotation inside the company in DC&S (Domestic construction and Services) business area in the PMS (Project Management Systems) department. PMS provides project monitoring and control support at all domestic projects. Geographical Location where experience was gained This project was carried with Descon Engineering
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Consistently Developing Knowledge‚ Skills and Values An integral part of human is his continual development and his productivity towards excellence. It is said that knowledge is power. Yes‚ it is; but it should go along with one’s abilities and attitude in his life-long endeavour. Each of us should be honed to become a better citizen of our society—a true asset and a good leader who contributes to the betterment of our nation‚ but how? The big question lies on how we could open our eyes to the
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Standards Introduction Self-regulated: the standards governing audits were established by members of the profession themselves Sarbanes-Oxley Acct of 2002 Created: Public Company Accounting Oversight Board (PCAOB) to provide external and independent oversight over the audits of public entities Responsible for registering public accounting firms‚ establishing standards for audit engagements‚ and inspecting the quality of audits conducted by public accounting firms ****Generally Accepted Auditing
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* Subject Synopsis This course introduces the elements of auditing. It discusses the principles and procedures of auditing‚ types of audits‚ scope and objectives of auditing. It also covers professional ethics in auditing‚ audit evidences‚ audit planning and various other aspects of auditing. Moreover it gives knowledge about objectives of doing audit. The course also aims to explain the liability and responsibility of the auditor and how the computerised environment effects the business environment
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Interim An audit which conducted in between the two annual audits with a view to find out interim profits to enable the company to declare an interim dividend is known as Interim Audit. It is a kind of audit which is conducted between the two periodical or balance sheet audits. Objectives Of Interim Audit 1. To know profit or loss of interim period. 2. To distribute interim dividend. 3. To get loan on the basis of interim account. 4. To get information about the financial position
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Fundamental concepts of f/s audit Materiality misstatement of accounting information. is a matter of professional judgment Audit risk The auditor expresses an inappropriate audit opinion when the financial statements are materially misstated‚ Evidence (more than “per discussion with client) Major phrases of audit: Client acceptance/continuance; Preliminary engagement activities; Establish materiality and assess risks; Plan the audit ;Consider and audit internal control; Audit business processes and
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Professional Ethics‚ Values‚ and Career Success: United States Presidents Learning Team C Adrian Munoz‚ Delores Oniyide-Smith and McKenzie Linstrom University of Phoenix Professional Values‚ Ethics‚ and Career Success United States Presidents Values and ethics are central to any organization; those operating in the national security arena are no exception. What exactly do we mean by values and ethics? Both are extremely broad terms‚ and we need to focus in on the aspects most relevant
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