Premium Essay

Ellie Enterprise

In:

Submitted By shenwei
Words 1433
Pages 6
Question #1
Cloudy High-Yield Hedge Strategies and Cloudy Real Estate All Stars would be considered as alternative investments, according to the standards issued by AICPA. Typically, great examples of types of alternative investments are common/collective trusts, pooled separate accounts, stable value investments, private equity funds, hedge funds, real estate funds and etc. Because these funds have higher risk-return structure than normal index bonds, they are in the most of the time illiquid investments which will also have restrictions on the ownership transfer. Hedge funds are regularly engaged in aggressive strategies which can involve highly leveraged trading of derivatives; hence in this case, Cloudy High-Yield Hedge Strategies is definitely one type of alternative investment. Real Estate funds depend on the performance of the real estate market and real estate goes through private transactions instead of going national exchanges or over-the-counter market. In that sense, Cloudy Real Estate All Stars is another alternative investment. The notion behind benefit plans engaging in alternative investments is to try to diversify the investment strategy and at the same time, reach to a high overall return of the portfolio. But in terms of valuing these alternative investment strategies, it normally encompasses a wide range of methods. Since the NAV and shares held are provided by the Union, it might be more accurate for the engagement team to conduct further investigation on the procedures to get the fair value of alternative investments.
Question #2

The confirmation is not sufficient enough to support the audit existence evidence of these investments. According to AICPA’s official say:

“The existence assertion addresses whether alternative investments exist at a given date, and whether recorded transactions have occurred during a given period. The auditor

Similar Documents

Free Essay

Disruptive Events

...Schedule Boettcher Concert Hall Stage Diagram Saturday, July 7 Evening Concerts and Events 4:00 pm – on-going 6:30-7:00 pm 7:30 -8:15 pm 7:30 -10:45 pm 8:45 -10:30 pm 9:00 -10:15 pm Live feed from GALA Festival Outdoor Stage Food and drink vendors, carnival party Festival welcome, video event Galleria Opening Concert I Boettcher Concert Hall Ensemble Concerts Ellie Opera House Ensemble Concerts Stage Theatre Opening Concert II Boettcher Concert Hall Sunday, July 8 7:00 – 8:30 pm 9:00 -10:30 pm 9:00 -10:30 pm 9:00 -10:30 pm Songs of the Soul Our Legacy=Our Song Late-night Ensembles Late-night Ensembles Boettcher Concert Hall Buell Theatre Chambers Salon Stage Theatre Monday, July 9 7:00 – 8:30 pm 7:00 – 8:30 pm 7:00 – 8:30 pm 9:00 – 10:30 pm 9:00 -10:30 pm 9:00 -10:30 pm Tuesday, July 10 7:30 – 9:00 pm 7:30 – 8:45 pm 9:30 – 10:45 pm 9:00 -10:30 pm Evening Concerts and Events Mixed Chorus Singin’ in the Round Women’s Chorus Singin’ in the Round Men’s Chorus Commission Sing-Along Youth Invasion BlockBuster Late-night Ensembles Late-night Ensembles Boettcher Concert Hall Stage Theatre Buell Theatre Ellie Opera House Chambers Salon Stage Theatre Classical...

Words: 2018 - Pages: 9

Premium Essay

Enterprise App Store

...The enterprise app store Evolution in IT strategy WWW.WIPRO.COM Author: Prasenjit Bhadra, Principal Architect – Wipro Mobility Solutions From consumers to the work place: An App-t evolution Apple created a revolution with its app store. Consumers loved it. Naturally, other players are rushing in to meet consumer expectations. Vendors like Amazon, Google and Microsoft have begun to offer similar stores that have a self-service model. With the widespread adoption of mobility within enterprise, many consumers now want to see the same convenience and ease of use at the workplace that the online app stores offer. Can an enterprise afford to ignore the demands of its employees? Which enterprises will need their own Enterprise App Stores (EAS) and how will these stores operate? where it is used with a well-defined distribution protocol. Additionally, Today’s enterprise users, volunteered in driving enterprise-wide environment. If mobile apps and processes change one day, they mobility initiatives, have begun to demand simplicity of app portfolio should be able to roll out the change across the enterprise the very management. To support this demand mobile EAS is the solution. An next day. In many instances, if they fail, the impact could be from loss EAS is a customized in-house platform or infrastructure that lets users of revenues to attracting compliance and legal censure. Mobility SLAs securely download apps and updates on their...

Words: 2177 - Pages: 9

Premium Essay

Astt Professor

...Haryana E-mail: vaishaliarora1@gmail.com *Author to contact in case of any query. Social entrepreneurship Entrepreneurship is a topic of interest to academics, business people, and governments around the world. The dynamism and vitality of entrepreneurship research is reflected in the flow of new ideas and themes in the entrepreneurship literature. For many, mainstream entrepreneurship is inextricably bound with the creation of new technology firms, however, this is only part of a wide and varied terrain. The focus of this paper is social entrepreneurship - those activities associated with the perception of opportunities to create social value and the creation of social purpose organisations to pursue them. Social enterprises adopt financially sustainable strategies to pursue social aims, and address a wide range of social problems, such as unemployment, inequalities in access to health and social care services, low quality housing, high incidences of crime, deprivation and social exclusion. This paper categorises the...

Words: 5337 - Pages: 22

Free Essay

Enterprise Architecture

...Article Essential Layers, Artifacts, and Dependencies of Enterprise Architecture By Robert Winter and Ronny Fischer Abstract After a period where implementation speed was more important than integration, consistency and reduction of complexity, architectural considerations have become a key issue of information management in recent years again. Enterprise architecture is widely accepted as an essential mechanism for ensuring agility and consistency, compliance and efficiency. Although standards like TOGAF and FEAF have developed, however, there is no common agreement on which architecture layers, which artifact types and which dependencies constitute the essence of enterprise architecture. This paper contributes to the identification of essential elements of enterprise architecture by (1) specifying enterprise architecture as a hierarchical, multilevel system comprising aggregation hierarchies, architecture layers and views, (2) discussing enterprise architecture frameworks with regard to essential elements, (3) proposing interfacing requirements of enterprise architecture with other architecture models and (4) matching these findings with current enterprise architecture practice in several large companies. Keywords enterprise architecture, architectural components, architectural layers, architectural views, interfaces ENTERPRISE ARCHITECTURE: DEFINITION According to ANSI/IEEE Std 1471-2000, architecture is defined as the “ fundamental organization of a system, embodied in...

Words: 5469 - Pages: 22

Premium Essay

Lincoln Electric Case

...Lincoln Electric, a company started over a century ago by John Lincoln had grown from a small electric motor company into the worldwide leader in welding consumables and other innovative products. It's success is attributed to dynamic and innovative products coupled with leadership based on shared-knowledge and adaptable incentive plans for it's employees. These incentive plans included company stock offerings, stock bonuses, good salaries, paid vacation, and guaranteed jobs. The incentives were believed to have contributed to the incredible success of the organization, and could be utilized as a model to their international operations.. Though Lincoln had a string of international success in their Canadian, Australian, and French operation,they were failing to realize profits internationally despite having rapid sales growth. Their balance sheet took a major hit as their debt began to climb, and were beginning to run low on cash. There were a number of causes to this failed policy. Just to name a few, acquisitions, management, and a poor business environment. As a result of their acquisitions, they were entering new markets that had poor labor management, unions, and low productivity. The management was dislocated abroad, and local management was highly inadequate. Secondly, the business environment was also poor. They were in the middle of a global recession, and the market was overpriced for companies. They would eventually learn from their mistakes, raise...

Words: 694 - Pages: 3

Premium Essay

Ea Justification Paper

...DMV - CSI Enterprise Architecture Justification Paper XXXXX X. XXXXXXXXX University of Maryland University College 26 January 2014 Enterprise architecture is an abstract blueprint that is utilized to define the structure and operation of an organization. Enterprise architecture is aimed at determining how an organization can attain its current objectives and future objectives timely, efficiently and effectively.  The architecture is divided into business, application and information perspectives. The business perspective identifies the processes and standards by which the business operates on daily basis. The application perspective defines the interaction between different processes and standards used by the organization. The information perspective defines and groups raw data in the organization like document file databases, presentations, spreadsheets that the organization needs to operate well. The technology perspective defines the hardware, OS, programming and networking systems used by the organization. Enterprise architecture has various advantages. It improves decision making and makes it easy for an organization to adapt to changing demands and market conditions. It also helps an organization eliminate inefficient and redundant processes and use its assets to its overall advantage. Enterprise architecture is a strategic planning process that converts a business vision and strategy into effective enterprise change. An enterprise architecture program...

Words: 968 - Pages: 4

Premium Essay

Bhp Situation Analysis

...responsibilityshould be taken by stakeholders. Issues Internal BHP as a world's largest mineral enterprisehas 35,000 employees and distribute in 26 countries. In these 26 different countries, BHP needs to undertakedifferentsocial responsibility, but generally speaking there are 4 points. 1. The economic responsibility:Economic responsibilities include the responsibility to shareholders and creditors. Shareholder and creditor of the enterprise arean important class of stakeholders,whether the enterprise implement the social responsibility is related to enterprise's shareholders and creditors anticipated targets are realized.After BHP acquired the Tintaya Copper Mine, the Tintaya Copper Mine has a huge economic benefit, in 2005 won the 389 million revenues, net profit 196 million. 2. The responsibilityto the client: The customersare the enterprise’ products recipients and users, are also the important enterprise stakeholders.Whether enterprise profit and value can be realized, it has a large extent to depend on the customer's choice.BHP as mineral enterprise, which needs to service customers safe, high quality, reasonable pricemineral products, and perfect mineralservice.Peru has the richestmineral resources in South America; the Tintaya Copper Mine has many clients, such as China and India are the largest customers. 3. The responsibility to the community: The responsibility to the communityshould be formulated higher than the standard the law and it belongs to a kind of the moral...

Words: 1158 - Pages: 5

Premium Essay

India and Wal-Mart

...Wal-Mart Stores is an irresistible retail shopping force in the world we live in today. Majority of our fellow Americans have shopped at the nation’s number one retailer one time or another due to their catchy motto, “Save Money. Live Better.” or “Every Day Low Prices.”. It is also the number one retailer in Canada and Mexico. Today, the company employs 2.2 million associates worldwide and serves 200 million customers each week at more than 10,000 stores in 27 countries. One of those recently added countries being India. India is the second largest country with a population of over 1.2 billion people. The country thrives off of small businesses headed by poor families trying to make a living and to support their families. In the past decade however, India has made it clear they want to expand their horizons. This idea is not favored with everyone due to the fear of forgetting India’s roots and traditions to the modern way (or Western way). It is also causing a stir about the decline in profit to small businesses. The value of Indian economic output in 2012 will be $1.95 trillion and $2.12 trillion in 2013. That makes it one of the 10 largest economies in the world. India has already overtaken several rich countries such as Canada as far as the size of its economy goes. But faster economic growth is important as well as creating a robust economy that offers many opportunities to 1.2 billion Indians. The way to ensure this is not temporary; it’s monetary and fiscal...

Words: 1414 - Pages: 6

Free Essay

It3250

...IT3200 Scott Morrissette December 11, 2010 Enterprise Architecture Proposal Project: Revision Plans Every company has a set of capabilities that can be digitized to ensure reliability, high quality, low cost, and timeliness (A-G Magazine, 2008). Money Making Finance has long endured their IT department as the bottleneck rather than an asset. The company has done well over the years without integration; however, as the company continues to grow exponentially, all branches and departments require the need for integration. A coordination model calls for high levels of integration but little standardization of processes (Robertson, Ross, & Weill, 2006). Implementing a coordination model will allow the financial advisors at each branch the power to negotiate and customize their experiences with customers. The focal point of the EA implementation will be the integration of shared data and services by all branches and departments across the world. By focusing IT investments on enabling the integration and standardization required of the company’s operating model, a company prepares itself for future strategic initiatives, without knowing what those initiatives might be (Robertson, Ross, & Weill, 2006) The operating model that has been set forth for Money Making Finance is no doubtable an excellent decision. Other financial and insurance companies have benefited immensely operating their EAs as coordination models to include MetLife and TD BankNorth. Coordination allows companies...

Words: 868 - Pages: 4

Free Essay

Manager

...Technology Accenture IT Strategy and Transformation Services: Maximizing the Value of IT for Today and Tomorrow IT leaders face a formidable challenge: meeting their organizations’ high expectations of IT services while controlling costs and preparing IT to meet the future needs of the business. Amidst increasing globalization and the ever-evolving and complex business and technology landscapes, organizations expect their IT leaders to make strategic investments that will support business growth and agility, capitalize on new and existing technologies to gain competitive advantage, and align IT priorities with business needs. Accenture’s ongoing High Performance IT research reveals that while CIOs want to contribute significant value for their organizations, a host of factors—notably cost-cutting mandates, “keeping the lights on” and fixing troubled projects—inhibit the CIO’s ability to be a value creator. Despite these realities, the research indicates that high-performance IT organizations consistently achieve excellence in IT execution, IT agility and IT innovation, balancing the sometimes opposing demands placed on IT organizations. To respond effectively to today’s challenges, IT organizations need to work differently, leveraging technology in new ways to achieve business results while keeping operating costs low. Accenture helps organizations quickly identify how IT can fuel high performance. We team with IT and business leaders to plan and deploy IT for the most...

Words: 1468 - Pages: 6

Premium Essay

Mobilecord

...MobileCord Business Proposal Table of Contents Executive Summary 3 Company Description 5 Financials 13 Management 15 Investment Highlights 16 Executive Summary Company Description Overview MobileCord provides enterprises with a software platform for unified mobile delivery of email, voice mail and messaging. Our software enables the enterprise to deliver an employee’s most important communication channels on any Palm, Windows CE, or RIM devices. MobileCord’s value proposition is in the increased productivity of an enterprise’s employees and the increased manageability of multiple devices and the communication channels connected to these mobile devices. MobileCord’s software platform addresses the need of enterprise employees to be in continuous contact with their communication channels, even when they are away from their desks. MobileCord’s flagship product, MobileCord 1.0 provides users with a unified view of their email, voice mail and other messaging channels on their mobile or remote device. MobileCord’s offering is most well received by an IT department which needs to support multiple devices while having the same access to email, voice mail and instant message updates. For example, the Palm, Windows CE and RIM devices require different configurations and work differently with major email packages such as Microsoft Outlook and Lotus Notes. Before MobileCord, different devices and email packages...

Words: 4433 - Pages: 18

Premium Essay

System Modeling

...process integrated in the interaction with the environment. From a normative perspective, the analysis of individual decisions is concerned with the logic of decision making and rationality and the invariant choice it leads to it can be based on explicit assumptions or tacit assumptions. In decision making, objectives must be established and placed in the order of importance. It is a benefit to also have an alternative course of action and evaluate it against the objectives. Whichever alternative that is best able to achieve all of the objectives is the one you use. After choosing, further evaluation is needed to prepare for possible additional consequences. Then your decision is made. Functional modelling, Business process modeling, and Enterprise...

Words: 662 - Pages: 3

Premium Essay

Application Software

...Applications Software The three primary features commonly used applications software that will be summarized in this paper are personal application software, workgroup application software, and enterprise application software. Personal Application Software’s 1) Word processing; helps create, edit and print text documents. I.e., Microsoft word, Corel WordPerfect, Google Docs, Apple Pages and Sun Writer. 2) Spreadsheet; provides a wide range of built-in functions for statistical, financial, logical, database, graphics, and date and time calculations. I.e., Microsoft Excel, IBM Lotus 1-2-3, Google Spreadsheet, Apple Numbers and Sun Calc. 3) Database; stores, manipulate, and retrieve data. I.e., Microsoft Access, IBM Lotus Approach, Borland dBASE, and Sun Base. 4) Graphics; develop graphs, illustrations, and drawings. I.e., Adobe Illustrator and Adobe FreeHand. 5) Project management; plans, schedule, allocate, and control people and resources needed to complete a project according to schedule. 6) Financial management; provides income and expense tracking and reporting to monitor and plan budgets. I.e., Intuit Quicken. 7) Desktop publishing; use with personal computers and high-resolution printers to create high-quality printed output, including text and graphics, various styles of pages can be laid out; art and text files from other programs can also be integrated into published pages. I.e., Quark Xpress, Microsoft Publisher, Adobe PageMaker,...

Words: 392 - Pages: 2

Free Essay

Bhartiirtel

...Company Given: Bharti Airtel Major Sector: Telecom Industry Analysis: Telecom The Indian Telecommunications network is the third largest in the world and the second largest among the emerging economies of Asia. Today, it is the fastest growing market in the world. The telecommunication sector continued to register significant success during the year and has emerged as one of the key sectors responsible for India’s resurgent India’s economic growth. The mobile services were commercially launched in August 1995 in India. Driven by wireless revolution, the Indian telecommunications industry is one of the fastest growing in the world. Government policies and regulatory framework implemented by Telecom Regulatory Authority of India (TRAI) have provided a conducive environment for service providers. This has made the sector more competitive, while enhancing the accessibility of telecommunication services at affordable tariffs to the consumers. According to TRAI's report 'Telecom Sector in India: A Decadal Profile', the tele-density has increased from 4.3 in March 2002 to 78.1 in February 2012, wherein the rural areas registered an increase from 1.2 in March 2002 to 38.5 in February 2012. Also, the share of telecommunication services (excluding postal and miscellaneous services), as per cent of the total gross domestic product (GDP), has increased from 0.96 in 2000-01 to 3.78 in 2009 -10. According to the same report, international comparisons (among 222 countries) show that India has...

Words: 4808 - Pages: 20

Free Essay

The Dark Knight Rises

...Batman – The Dark Knight Rises 1. What do we see in the opening scene (the prologue)? What tone/atmosphere does the opening scene set? W eget introduced to the villian/terrorist. Action-packed. 2. What kind of place is Gotham City? (what does it look like?) Much like New York. 3. Make a character sketch of Batman/Bruce Wayne and focus on his development. To what extent can Batman be said to be a vigilante? Quite withdrawn. Not very social like he was in the movies before. He sees that Gotham is under attack and even though he has retired, he feels a commitment to protect his city. Batman is definitely a vigilante. Takes matters into his own hands. 4. Compare Batman to Bilbo. They are both on a mission. Which similarities/dissimilarities do you see? Batman is more like a ”serious” and obvious hero. Fighting hard with incredible powers. Bilbo is a more nice and ”lucky” type. Most of the things he experiences is accidentialy. 5. We know that adventurous blood runs in Bilbo’s veins (the Took side). What ’drives’ Batman on his mission? He is sort of the citys protector. He has a responsibility. 6. Characterise Bane (briefly) Pretty determined and intelligent. Ruthless. 7. What similarities/dissimilarities (in The Hobbit and The Dark Knight Rises) do you notice when it comes to villains? The fact that The hobbit is whole other genre compared the dark knight rises. The white orc is more primitive, but still powerfull where...

Words: 289 - Pages: 2