...RE-INVENTING XYZ Financial Analysis Report Finance Team Prepared for: XYZ BPE Project XYZ Ministry of Government Services November, 1994 XYZ BPE Project Financial Analysis Report Table of Contents Executive Summary ...................................................................................................................................................................................1 Financial Model Review ............................................................................................................................................................................3 Financial Baseline Review .........................................................................................................................................................................4 Base Case Financial Analysis ....................................................................................................................................................................4 Significant Costs and Benefits .................................................................................................................................................................5 Forecasted XYZ Operating Expenditures ..............................................................................................................................................14 Forecasted Operating Expenditures Comparison..........................................................................
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...The issue in Trueblood Case 09-2 is how to account for the funding that Pharmagen pharmaceutical company will receive from Company XYZ for research and development into a new drug, X. They also have to account for the royalty payments that Pharmagen will owe Company XYZ in the future. Pharmagen pharmaceutical company is working on developing a new drug, X. They have been self-funding the research and development costs. They entered into a Funding Agreement with Company XYZ, a private equity investor, who has agreed to provide Pharmagen with up to $500 million of the total cost needed to develop drug X over the estimated 3 year project time frame. Pharmagen is not obligated to successfully complete the drug and there are no performance obligations related to its development. The money received from XYZ is nonrefundable. However, the money provided by XYZ can only be used towards drug X. If Pharmagen successfully completed the drug and it is approved for public sale, XYZ will receive future royalty payments from both drug X and an existing drug that is already available for public sale. Pharmagen also retains the rights to drug X. Pharmagen should report their cash from XYZ Corporation as deferred income based on ASC 470-10-25-1 (Sales of Future Revenues). It states that when “an entity receives cash from an investor and agrees to pay the investor,” in this case a royalty of future sales, “it is assumed that immediate income recognition is not appropriate due to the facts and...
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...Customer | Election Commission Pakistan | Project | E-voting System | Document | Test Plan | Document Version | 1.0 | Identifier | PGBH01-2003-TP | Status | Draft | Author(s) | BSE-F08-050,BSE-F08-56 | Approver(s) | PM | Issue Date | March 04, 2012 | Document Location | | Distribution | 1. Advisor 2. PM 3. Project Office | Definition of Terms, Acronyms and Abbreviations This section should provide the definitions of all terms, acronyms, and abbreviations required to interpret the terms used in the document properly. Term | Description | EVS | E- Voting System | TP | Test Plan | AOB | Any Other Business | PP | Political party | BB | Ballot box | CA | Constituency Area | | | | | * ------------------------------------------------- Table of Contents * * 1. Introduction 5 1.1 Purpose of Document 5 1.2 Project Overview 5 2. Scope of Testing 5 3. Test Plan Strategy 6 3.1 Unit Testing 6 3.2 Integration Testing 7 3.3 System Testing 8 4. Test Environment 8 5. Schedule 10 6. Control Activities 10 7. Functions to be Tested 11 8. Functions not to be Tested 12 9. Test Case Design and Description 13 10.Traceability Matrix 31 11.Major Deliverables 32 12.Risks and Assumptions 32...
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...Steps 1-3 – The Problem Identification Stage Step 1 – Review the case and identify the relevant facts Problem situations or cases often include extraneous information or irrelevant ‘stuff’. Therefore, when you are trying to find a solution to a situation or to answer a case question, the first step is to identify the key facts so that you can figure out what is going on before deciding how to answer or solve the problem. In advanced courses, this usually involves extensive research but in an introductory or foundation level course, you will typically only use the information in the case. However, to do well in any case study assignment, it is important to read the case carefully and also to make sure you fully understand what the assignment and/or case questions are asking for. As you review the case, this will help you to identify what you need to pay attention to and what to ignore. That’s what relevance means – eliminating ‘stuff’ and identifying the important facts in a situation. Let us assume that you have just read a case entitled XYZ company and are trying to answer the following question: What are the current challenges facing XYZ company? You must identify and list the key facts which, for the purposes of our example, are those listed below: * The government has recently deregulated the industry to stimulate competition. * Telecommunications advances have led to increasing internet use. * More and more users are comparison shopping on the...
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...institutes etc. * Only Basic and Dearness allowance should be considered as wages for the purpose of Gratuity. * Gratuity payment formula: Example: If an employee leave company after 10 years and his last Basic + Dearness allowance is 10000 then his gratuity will be paid as per following formula. (10000/26)*15* 10 Please note that above formula will remain same irrespective of employee working in 5 days a week establishment. FAQ 1: Can an employee claim Gratuity even before completion of 5 years? Yes, An employee can claim gratuity even before completion of 5 years in followings cases: * Death (to his nominees) * Disablement But the quantum of gratuity will be as per act. FAQ 2: Can employer forfeit Gratuity, even if employee has completed 5 years? Yes, employer can forfeit gratuity even if employee has completed 5 years in following cases: * If the services of such employee have been terminated for his riotous or disorderly conduct or any other act of violence on his part, or * If the service of such employee have been terminated for any act which constitutes an offense involving moral turpitude, provided that such offense is committed by him in the course of his employment. Please note that above act should have been committed by employee during his employment. There should be a proper enquiry held after which employee was found guilty for aforesaid act or misconduct. Once proved guilty, employer should issue termination...
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...Introduction The absorption of one company by the other has grown to a big emerging trend in many developing economies. Absorptions also have been the drivers of growth through the search for new markets which has increased competition within the local markets. There are various issues that may arise from Big energy in the absorption of XYZ Energy which shall be discussed in detail. There are various strategies that Big Energy could use to deal with the issues which will be discussed further below. Q1. Values In the event of absorption like this one between Big Energy Company and XYZ Energy job satisfaction of employees would be a problem and lead to value changes. The company being absorbed may reduce their job satisfaction drastically. The reduction of employee job satisfaction could be due to various factors. The employees within the organization may not feel the sense of job security anymore which would be felt by employees from both companies (Cartwright & Schoenberg, 2006). Job satisfaction for the employee may reduce due to various variables such as the pay levels they could not be looking as attractive as before. The new management may reduce employee benefits; there would be no job security anymore. The communication levels may be unclear. In addition, it will be evident that there is no longer hierarchy growth within the organization. This in turn will lead to employees lacking the moral to contribute much to the growth of the company as a whole (Nemanich & Keller...
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...OPTIONS FOR THE BEGINNER AND BEYOND In an increasingly competitive world, it is quality of thinking that gives an edge—an idea that opens new doors, a technique that solves a problem, or an insight that simply helps make sense of it all. We work with leading authors in the various arenas of business and finance to bring cutting-edge thinking and best-learning practices to a global market. It is our goal to create world-class print publications and electronic products that give readers knowledge and understanding that can then be applied, whether studying or at work. To find out more about our business products, you can visit us at www.ft-ph.com. OPTIONS FOR THE BEGINNER AND BEYOND UNLOCK THE OPPORTUNITIES AND MINIMIZE THE RISKS W. Edward Olmstead Professor of Applied Mathematics McCormick School of Engineering and Applied Sciences Northwestern University Editor for The Options Professor Published by Independent Investor, Inc. Vice President and Editor-in-Chief: Tim Moore Executive Editor: Jim Boyd Editorial Assistant: Susan Abraham Development Editor: Russ Hall Associate Editor-in-Chief and Director of Marketing: Amy Neidlinger Cover Designer: Chuti Prasertsith Managing Editor: Gina Kanouse Senior Project Editor: Kristy Hart Copy Editor: Keith Cline Senior Indexer: Cheryl Lenser Compositor: Interactive Composition Corporation Manufacturing Buyer: Dan Uhrig © 2006 by Pearson Education, Inc. Publishing as Financial Times Prentice Hall ...
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...Lab 2 and Assessment 2 Unit 2 Crystal McLey Kaplan University Lab 2 The three most common risk/threats/vulnerabilities that are commonly found in the user domain are: The “domain enterprise Server Management System (DESMS) in HP-UX allows local users to gain privileges” (CVE, 2013), If the domain user logs into the domain with a space at the end of the domain name it will cause an error and wont accurately download a system policy (CVE, 2013), and the domain user or admin have a guessable password in Windows NT (CVE, 2013). In the first article it discusses the use of USB devices in the workplace. USB’s are used for transporting data from one computer to another. These allow for business requirements to be reached at a faster pace but they also pose a number of security challenges. Those challenges may be “disgruntled workers, careless users and malicious individuals” (Couture, 2009, p. 6). Ways to migrate this issue is by gluing shut the ports, disable USB ports in BIOS, prevent users from installing a USB device by denying permission on files called usbstor.pnf and usbstor.inf, making USB ports read only, disable USB ports in Group Policy, or disable Autorun (Couture, 2009, p. 11). In the second article it discusses the vulnerabilities of the BIOS. The BIOS performs power up test amongst the hardware components and memory and without this program the computer wouldn’t know what to do after it was turned on. The BIOS can be accessed by the use of backdoor passwords...
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...Case 1 You have been hired as a consultant for Thomas Foods. Thomas Foods was incorporated in 1969. Thomas Foods sells produce purchased from farmers to neighborhood grocery stores throughout the country. Thomas Foods has asked you to implement a hedging strategy to mitigate the risks associated with any unexpected increase in price they would have to pay farmers for their harvested crops. Thomas Foods asks that you provide examples of how various hedging strategies could be implemented. The Controller of the company has no experience in this area and would need to understand the accounting treatment for whichever hedging strategy you select. Of significant importance to management is how any hedging strategy would impact operating income. =================================================================================== Case 2 You have been hired as a consultant for XYZ Research Co. XYZ Research Co. incorporated in 2010. XYZ ‘s business centers on developing new technology for interplanetary exploration. The company has many patents and has historically expensed all of the costs associated with obtaining their patents. The owners of XYZ Labs are unsure whether or not if any or all of its patent costs can be capitalized. They also are unsure if any impairment testing should be done periodically on their patents. You have been asked by the owners to look into these issues and provide the appropriate accounting treatment for patents. ===================================================================================...
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...CASE STUDY PA503 FUNDAMENTALS OF AUDITING Audit Firm Contact Number JABATAN PERDAGANGAN Programme Section CHAPTER 1 CHAPTER 2 Email Materiality and Audit Risk Corporate Governance PROBLEM SOLVING CLO2 | LD2/P3 Instruction: Please answer ALL questions. | Part 1 NEW CLIENT ACCEPTANCE DECISION Learning Objectives After completing and discussing this case, you should be able to: 1. Understand the types of information relevant to evaluating a prospective audit client 2. List some of the steps an auditor should take in deciding whether to accept a prospective client 3. Identify and evaluate factors important in the decision to accept or reject a prospective client 4. Understand the process of making and justifying a recommendation regarding client acceptance INTRODUCTION Your accounting firm is a medium-sized, accounting firm in Malaysia, formed in 2012, mainly provides auditing and tax services. But it has recently had success in building the information-systems-consulting side of the business. Recently, your group has been assigned for the first time to perform audit engagement procedures for a small and medium-sized company in Malaysia. One of team member has been a senior auditor for the past three years. Your first assignment is to assist an audit partner on a client acceptance decision. The partner explains to you that the prospective client, Unggul Holdings Berhad, is a medium-sized textile company. The partner recently met the...
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...budgeting. 02 2.1 Multiple Functions. 02 2.2 Benefits. 03 2.3 Problems. 03 Alternative approaches. 04 1. Activity based budgeting 04 2. Zero based budgeting....
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...BUS 3305 Unit 2 Week 2- Written Assignment: During this week’s written assignment, I will share three different scenarios. Then, I will discuss which of the three concepts: litigation, ADR, or criminal prosecution is the appropriate plan of action for the predescribed scenarios. I will also attempt to cite information from the textbook to support any of my positions. However, my personal preference is paraphrasing. Other requirements for this assignment will include to produce an essay of at least 1,500 words. This paper should be 12-point font size, Times New Roman font, and I am to include a list of any outside resources that I used during this assignment. Adele is a secretary for her company. As part of her responsibilities, she can...
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...The Case In this case, Patrick Walker is an audit partner at a medium-sized CPA firm. Pat has decided to invest in a mutual fund that is managed by a third-party distributor, Fidelity Investments. Of the shares that are outstanding of this mutual fund, he owns less than 1%. It is also important to note that Pat’s mutual fund is diversified. Pat’s private client, XYZ Corporation, is a part of his diversified investment portfolio and happens to be one of the major holdings of the 1% that he possesses. Since Pat is an audit partner and XYZ Corporation is his client, he plays a determining role in the key decisions of the audit and that he possesses significant influence over the audit outcomes. Because XYZ Corporation is a nonpublic client, Pat and the firm are not required to abide by the U.S. Securities and Exchange Commission (SEC) or the Public Company Accounting Oversight Board (PCAOB). The PCAOB is a “private-sector, nonprofit corporation created by the Sarbanes Oxley Act of 2002 to oversee accounting professionals who provide independent audit reports for publicly traded companies”. Also, since Congress gave the SEC the authority to control its operations, they essentially have the same goal of regulating public companies. With that being said, Jack is not mandated to follow these rules while auditing his private client, XYZ Corporation. However, the State Board of Accountancy Code of Conduct and the Generally Accepted Auditing Standards, which is promulgated...
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...Case Study 2 by Machel Baker, Erika Edlund, and Marcos Spanos A paper submitted in partial fulfillment of CIS 600 course requirements Quinnipiac University Fall 2015 Troubled Project Scenario 3 The implementation stage is taking longer than anticipated, and there is a ripple effect on upcoming agreements. There is an issue on whether the staff will have enough training and support on the new software. The CIO of XYZ does not feel that the staff will be ready to train business clients on the use of the system and has raised the question as to what can be addressed regarding the training. It is an agreement that ABC will provide training and support in the area. It is a shame the CIO is still not fully convinced for the implementation of the system as it is already late into the process. The project clarity may not be clear, causing discomfort among the executives. The ABC project manager relies on the trainers to define the system requirements. ABC is required to clearly outline the system implementation and the goals of the project for XYZ executives to be confident about the project outcomes. Trainers are required to provide the best training possible and make sure XYZ fully understands and is committed to using the new software put into place. Trainers with prior experiences to similar situations are critical in a situation where new software is being implemented. Professionals...
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...XYZ Comprehensive Human Resources Plan Cesar Pastora American Military University HRM600 Xyz Comprehensive Human Resources Plan XYZ is an engineering firm specializing entirely in Civil Engineering. The firm applies for tenders on constructions of different structures such as; highways, drainage systems and buildings, from various tenderers within the country. The company has 300 employees in total: who include include head engineers who are in charge of the various departments within the firm. In this essay, an extensive human resource plan in the XYZ Company will be elaborated and discussed. The company has twelve departments altogether, meaning that up to twelve projects can be undertaken at a go and hence; each department would require adequate staff to avoid overworking of some workers. . “Since the inception of the of the first personnel departments, management practices have played a major role in promoting today’s HRM operations (DeCenco).” Therefore, after the subcontractors have been chosen, the company allocates the remaining staff to each department depending on the projects that they are undertaking: these personnel may include machinery operators, staff drivers and mechanics. Additionally, the firm also has a security detail which also accounts for the firm’s employees. Each departmental head in the organization...
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