...following changes his discounted cash flow analysis: -Increase inflation to 3% -Remove the sunk preliminary engineering cost of 500,000 dollars. -For the companies consideration we have also calculated the cannibalization rate of Rotterdam sales. 1b. Memo to the Transport Division: From:Ms. Morris To: Transport Division Subject: Greystocks preliminary DCF I recommend that the rolling stock purchases not be included in the Merseyside discounted cash flow analysis. These purchases are not direct costs associated with the project. Since executive VP of each division receive an annual bonus based on the performance of their division. An agency problem would come about since the Transport Division would have no initial costs associated with the Merseyside project, yet would receive all the benefits resulting from its implementation. 2b. Memo to the Director of Sales From:Ms. Morris To: Director of Sales Subject: Greystocks preliminary DCF 3b. Memo to the Griffin Tewitt From:Ms. Morris To:Griffin Tewitt Subject: Greystocks preliminary DCF I do not recommend that the costs linked to the EPC project be included in the Merseyside discounted cash flow analysis. Since the EPC project has an already determined negative net present value, I do not think that its inclusion in the Merseyside project will maximize shareholder value. 4b. From:Ms. Morris To: Andrew Gowan Subject: Greystocks preliminary DCF I recommend that the inflation rate be...
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...7 Planning Materiality C a s es inc lu de d in t his Se ction 7.1 Anne Aylor, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229 Determination of Planning Materiality and Tolerable Misstatement O t he r c ase s t h at discuss topics rel ated to this section 5.6 Sarbox Scooter, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . 185 Scoping and Evaluation Judgments in the Audit of Internal Control over Financial Reporting 12.1 EyeMax Corporation . . . Evaluation of Audit Differences . . . . . . . . . . . . . . . . . . . . . . . 369 12.2 Auto Parts, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 379 Considering Materiality When Evaluating Accounting Policies and Footnote Disclosures Instructor Resource Manual — Do Not Copy or Redistribute Instructor Resource Manual — Do Not Copy or Redistribute Anne Aylor, Inc. C a s e 7.1 Determination of Planning Materiality and Tolerable Misstatement Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt Ins tr uc t ional O b je c t ive s [1] To provide experience with establishing planning materiality. [2] To provide experience with establishing tolerable misstatement for individual financial statement accounts. [3] To illustrate factors considered when establishing planning materiality...
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... Objective 1. The purpose of this paper is to discuss the accounting by lessees and lessors for purchase options included in a lease contract. 2. This paper analyzes the accounting for all purchase options, including both options that the lessee has a significant economic incentive to exercise (which would usually include bargain purchase options) and options that the lessee does not have a significant economic incentive to exercise (which would usually include non-bargain purchase options). 3. This paper is structured as follows: (a) (b) (c) (d) (e) (f) Summary of staff recommendations Summary of the proposals in the leases Exposure Draft Summary of feedback (including comment letters and other outreach) Staff Analysis Staff recommendations Appendix A – preliminary draft wording relating to the accounting for purchase options This paper has been prepared by the technical staff of the IFRS Foundation and the FASB for discussion at a public meeting of the FASB or the IASB. The views expressed in this paper are those of the staff preparing the paper. They do not purport to represent the views of any individual members of the FASB or the IASB. Comments made in relation to the application of U.S. GAAP or IFRSs do not purport to be acceptable or unacceptable application of U.S. GAAP or IFRSs. The tentative decisions made by the FASB or the IASB at public meetings are reported in FASB Action Alert or in IASB Update. Official pronouncements of the FASB or the IASB are published only...
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...entities. While no far reaching legislation has been passed, it is important to be proactive and begin to conduct research to determine what might be profitable foreign markets to sell natural gas. You have been asked to identify a foreign country that would be a receptive market for our liquefied natural gas product. Identify the responsible governmental entity in that foreign country with whom we are going to have to conduct business. Include an analysis of the legal barriers in the United States and that target country before we conduct business. You will need to explain how it is liquefied natural gas can be sold to a foreign country in light of current American law. Remember, this is a memo. Your first decision is to identify the foreign nations to conduct business. Ultimately, this project will be turned over to our legal team to more thoroughly conduct analysis of this proposition. However, it is important for you to begin the process by identifying a specific foreign country to conduct the most preliminary of analysis. Article about Natural gas taking the place of oil coal is located...
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...08/25/14 Digital Marketing MKT 3508 Dr. Susan Mudambi Office Hours (and by appointment) Tuesday and Thursday, 10 – 11 am, 524 Alter Hall, Main Campus Tel: (215) 204-3561; Email: susan.mudambi@temple.edu Home Page: http://astro.temple.edu/~smudambi/ Course Description Digital technologies have become an integral component of daily life for many firms and consumers. Although digital marketing is an important part of business strategy, the dynamic nature of technology and consumer culture raises many strategic and social challenges. This course examines the theories and concepts underlying the use of information and communication technology by firms and consumers, and challenges students to critique and utilize digital tools and social media, including Twitter, Facebook, online reviews, blogs, paid search, digital advertising, and online promotions. The identification of critical success factors and best practices are central to the course, as are quantitative methods for analyzing marketing effectiveness. The course examines the theory and realities of digital marketing in both business-to-consumer (B2C) and business-to-business (B2B) markets. Course Prerequisite: Marketing Management (MKT 2101) Required Readings: Ivey business cases include: Jill’s Table; Mission Impossible; and Tesco’s Virtual Store. Other readings available free through Blackboard. Students are expected to budget $40 - $60 for cases, Google AdWords, color printing, and other course-related...
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...Specifically, this section will cover the initial planning phase of the audit (preliminary survey) that begins with start the audit, preliminary survey and risk assessment, and development of the audit program. The purpose of audit planning process is to generate information and ideas to better understand the audit subject, determine the audit objective, and to develop the audit field work program. Planning also involves estimating the time and resources necessary to complete the audit. The evidence gathered in background research and later fieldwork is documented in the working papers. Key outputs of audit planning include an audit background memorandum; audit scope statement; risk and vulnerability assessment document; and field work audit program. AUDIT PLANNING PROCESS The audit planning process can be divided into the following three phases: 1) starting the project, 2) preliminary survey (planning the audit and conducting risk assessment), and 3) developing the audit program. These steps are followed by fieldwork and reporting. Details of each of the steps are noted below. Audit Start City Auditor assigns staff to audit. City Auditor and audit team hold a project initiation and expectation meeting. Job start letter sent to agency or department director. If requested audit, Audit staff research audit topic-program, policy, or agency. Conduct entrance conference with agency. o o o o o o o o Preliminary Survey & Risk Assessment Obtain and review relevant background documents...
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...Before beginning a preliminary investigation, a memo or an e-mail message would be sent out to managers and employees to know about the investigation and explain my role as a systems analyst. I would meet with key managers, users, and IT staff to describe the project, explain my responsibilities, answer questions, and invite comments. This starts an important dialog with users that will continue throughout the entire development process. When interacting with users, I would highlight the point that this investigation is not about a problem that Riordan Manufacturing has, but rather the additional capability that the company would like to have. This would help employees to not focus on desirable new features and enhancements rather than on current system limitations. Instead of focusing on difficulties, I would question users about additional capability they would like to have. Using this approach, I hope to highlight ways to improve the user’s job, get a better understanding of operations, and build better, more positive relationships with users. INFORMATION-GATHERING TECHNIQUES A. Analyze Organization charts. This would give me a fair understanding of how the department functions and identify individuals I might want to interview, keeping in mind that organization charts show formal reporting relationships but not the informal alignment of a group, which also is important. B. Conduct Interviews The primary method of obtaining information during the preliminary investigation...
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...client acceptance C a s es inC lu de d in t his se Ction 1 3 1.1 Ocean Manufacturing, Inc. . . . . . . . . . . . . . . . . . . . . . . The New Client Acceptance Decision InsTrucTor resource Manual — Do noT copy or reDIsTrIbuTe InsTrucTor resource Manual — Do noT copy or reDIsTrIbuTe ocean Manufacturing, Inc. The new client acceptance Decision ins tr uC t ional o b je C t ive s [1] To c a s e 1.1 Mark S. Beasley · Frank A. Buckless · Steven M. Glover · Douglas F. Prawitt help students understand the process of considering a new prospective audit client and the factors that auditors commonly consider in making the acceptance decision. [2] To give students experience in computing and interpreting preliminary analytical procedures commonly used in obtaining an understanding of a prospective client during the client acceptance decision process. [3] To raise issues relating to auditor independence in the context of client acceptance, both in terms of financial interests and the provision of non-audit services. To illustrate the subjective and sometimes difficult nature of the judgments involved in the client acceptance decision, and to give students the opportunity to justify a recommendation on client acceptance in the presence of both significant positive and negative factors. [5] To help students understand how information gathered in the client acceptance process can help the auditor in planning the audit if the client is accepted. ...
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...Group 1 Apollo 7: Control evaluation and testing in the revenue cycle – evaluate the results of the control testing of the revenue cycle using the materials in the case. Look for patterns in errors that may indicate specific weaknesses over assertions. Refer to chapter materials for basic audit procedures and discussion of how to evaluate the results of your tests based on the preliminary risk assessment. Try to identify trends or specific areas of concern based on the results of control tests that were performed. Some specific trends/areas of concern: * Although Sales went down by 4% Sales Returns increased by 202.39%. * As mentioned in a previous report, the loan to the CEO’s secretary is incorrectly accounted for under Other Receivables. * Apollo sent Mall-Warts an unsolicited order in December even though Mall-Warts had informed Apollo in November that they were going into bankruptcy. * The accounting and control manual has not been kept current. * Customers who are shopping at Apollo’s location are allowed to pick their own orders. * 33% of the errors found were overbilling errors. While the amount is not material, over 70% of the errors occurred a month before the end of a quarter. Also, none of the billing errors were under billing. * Several transactions were missing the bill of lading. * Two invoices out of 51 were found with no information other than the invoice number and overcharge amounts. * 55.82% of sales were made with...
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...| |Research Proposal Template | Memo To: Business and Professional Writing Students From: Michael Jansen CC: Date: 1/30/2013 Re: Research Proposal Assignment Authorization and Background My project idea focuses on how recent advancements in technology have changed communication in the workplace. The changes in technology have had a monumental impact on the workplace over the last 15 years. Communication is certainly essential to the success of a business. In today’s modern world, technology is a staple within every workplace. Identify the Audience Since I am a part of group B, you will be the primary reader. Define the Problem How has the improvement of technology changed communication within the workplace? Clarify the Purpose The purpose of my project is to describe the progression of technology in the workplace and the impact it has had on communication. Scope Communication in the Workplace in the 1990’s The Impact of the Internet on Communication in the Workplace The Changes within Technology that Altered Communication in the Workplace • Computers • Cell Phones • Tablets/iPads Communication in the Workplace in Today’s Society Limitations and Delimitations ...
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...Expedited and Full Board Review Using layperson terms, write a protocol specifically for IRB review. Please be concise in writing your summary and be sure to fully explain all human participant interactions. Be sure to address all of the following points in your summary. Background Information I. Rationale. Please succinctly describe the proposed project in a manner that allows the IRB to gain a sense of the project including: the research question, key background literature (supportive and contradictory) with references, and the manner in which the proposed project will improve understanding of the chosen topic. II. Methodology. This section must describe the procedures and methods planned for carrying out the study. Make sure to include site selection, the procedures used to gain permission to carry out research at the selected site(s), participant recruitment strategies (including the manner in which participants will be approached with any proposed incentives), data collection procedures, and an overview of the manner in which data will be analyzed. Provide all information necessary for the IRB to be clear about all of the contact human participants will have with the project. III. HIPPA Compliance Information. If you plan to gather health-related data, complete and attach the HIPAA Supplement Form or add a HIPAA compliance statement (as requested on page 18 of this application). If you are not using health-related information, you may indicate “N/A”...
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...Feasibility Instructions In this assignment, you will create an Excel workbook to help you assess the economic feasibility of a major information systems project. You are provided with two resources: 1. The scenario: The context of the business decision is the replacement of an information system at a large firm. You will find the facts required for your analysis in the scenario. 2. A skeleton Excel file: You are provided with a multi-page Excel workbook with which to build a model for estimating the net present value (NPV) of the information systems project. Submission This is a group assignment. You should not discuss your answers with other groups. Assignment 1 involves no paper deliverables and must be submitted electronically using Moodle (courses.kpu.ca). See Moodle for due date and time. Scenario You are working to develop a preliminary cost-benefit analysis for a new client-server system code-named Arcon1. Your task is to produce an initial economic feasibility analysis of the project. Janine Andrews, the general manager of the company’s largest operating division and your boss, will present your analysis at the quarterly meeting of the firm’s senior executive committee. Given the intense competition for scarce capital resources within the company for core assets such as new equipment and production technology, the Arcon proposal must show a positive net present value after four years of operation to be approved. Assumptions and estimates You have...
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...3 1.4 RESEARCH QUESTIONS .................................................................................................................................. 4 1.5 RESEARCH PARTICIPANTS ............................................................................................................................ 4 2.0 LITERATURE REVIEW ........................................................................................................... 5 3.0 RESEARCH DESIGN ................................................................................................................ 6 3.1 DATA COLLECTION ......................................................................................................................................... 6 3.2 DATA ANALYSIS .............................................................................................................................................. 6 5.0 REFERENCES ............................................................................................................................ 8 Table of Contents 4.0...
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...Group Technique: enhances brainstorming with voting process -Delphi Technique-Idea and Mind Mapping -Affinity Diagram: large numbers of ideas to be sorted into groups Group Decision making technique -Unanimity: everyone agrees on single course of action -Majority: support from more than 50% of the members of the group -Plurality: the largest block in a group decides even if a majority is not achieved -Dictatorship: one individual makes the decision for the group| Project Time Management| -Bottom- up Estimating -Expert Judgment -Alternative Analysis -Published Est. Data -PM Software| Bottom-up estimating: Breaking down complex activities into pieces. -Published Est. Data: Published data as books and journals -Alte. Analysis: means considering several different options for how to assign resources| Project Cost Management | -Analogous Estimating -Bottom-up Estimating -Parametric Estimating -Cost of Quality -Vendor Bid Analysis -Reserve Analysis -Expert Judgment -Three-point estimates -PM estimating software| -Cost of quality: Cost that is incurred to achieve required quality...
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...planning,| commitment doc | Project Sponsor | | |budgeting, obtaining commitment, |project plan/budget |Working Clients (line managers) | | |defining roles and responsibilities, |scorecard; metrics |IT Leadership (CIO) | | |project kickoff |change process |Project Manager | | | | |Technical Specialists | |Project Planning | |Analysis |detailed business requirements | project coordination | Project Manager | | |gathering; initial involvement of the |business requirements |Bus. Analyst | | |Quality Assurance and IT Customer |functional requirements |Systems Analyst | | |Services teams detailed technical and |technical requirements |Working Clients | | |infrastructure requirements gathering;| |End Users | |...
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