...government and the coal fraternity said, demand may not rebound. Under such circumstance, the Australian coal producer, Peabody Energy is under a huge financial distress risk. In four years, the equity market value of Peabody has fallen from $US17 billion to $US2.46 billion. On that equity value, Peabody is carrying $US5.5 billion in net debt along with retired workers' pension liabilities of $US735 million. However, Peabody Energy continue to pay dividends for their shareholders in order to attract further investment while their liabilities are increasingly at risk. Peabody Energy Corp, in 2 May 2015, had an Altman Z-Score (global measure of financial distress) of 0.71 compare to its highest score of 3.04. It is in distress zone (when the score is less than 1.81), implying possible bankruptcy in the next two years. The First key account: Accounts payable According to the article, because of the unfavourable global market circumstances, Peabody Energy was not able to repay its debt which leads to a result that Peabody is now carrying huge liabilities ($US5.5 billion net debt). So the accounts payable is definitely the key account gets involved in the financial distress (West 2014). The two prime assertions most at risk would be completeness and valuation and allocation. For completeness assertion, under the financial distress, the company may try to hide some liabilities for creating a ‘better’ amount of its net debt, so it is critical for the auditor to ensure...
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...FINANCIAL MANAGEMENT GUIDE FOR NON-PROFIT ORGANIZATIONS NATIONAL ENDOWMENT FOR THE ARTS OFFICE OF INSPECTOR GENERAL SEPTEMBER 2008 Questions about this guide may be directed to the National Endowment for the Arts, Office of Inspector General, Room 601, 1100 Pennsylvania Avenue, NW, Washington, DC 20506, Telephone (202) 682-5402. Questions about the terms and conditions of grants and cooperative agreements may be directed to the Office of Grants and Contracts, Room 618, Telephone (202) 6825403. Table of Contents Page Use of the Guide .................................................................................................................................... 1 Accountability Requirements ................................................................................................................ 1 Financial Management Standards ............................................................................................. 1 Internal Control Standards ........................................................................................................ 2 Audit Standards ......................................................................................................................... 3 Reporting Standards .................................................................................................................. 4 Subgranting .............................................................................................................................
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...Prolongation of dying - if the dying process is unpleasant, the patient should have the right to reduce this unpleasantness. In medicine, the prolongation of living may sometimes turn into the prolongation of dying. Put simply - why should be patient be forced to experience a slow death? Most physicians have received one or more requests to help a patient end his or her life prematurely. This module focuses on the skills that the physician can use to respond both compassionately and with confidence to a request, not on the merits of arguments for or against legalizing physician-assisted suicide (PAS) or euthanasia, but using solid clinical skills. To respond effectively, physicians must know the reasons why patients ask for assistance. Depression, psychosocial factors, and anticipated distress are common reasons, but current physical suffering can also be a factor. Physicians need to be able to assess the root causes of the specific request, make a commitment to the patient’s care, address each of the patient’s sources of suffering, educate the patient about legal alternatives, and seek counsel from colleagues. The vast majority of requests for PAS or euthanasia should abate when approached in this way. Oregon The state of Oregon has had a physician-assisted suicide law since 1994 which was implemented in 1998. Since then more than 341 terminally ill people have taken...
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...ca | Calendar Description This course, in conjunction with AP/ADMS 3595 3.00, develops thorough knowledge and understanding of generally accepted accounting principles and financial statement analytical skills by examining various technical areas of financial accounting. Prerequisite: AP/ADMS 2500 3.00. Prior to Fall 2009 Prerequisite: AK/ADMS 2500 3.0. Course credit exclusion: AK/ADMS 3585 3.00. Learning Outcomes After completion of the course, apart from mastering the technical knowledge of the revenue and asset side of the financial statements, students should also 1. Understand the importance of ethics in the accounting profession and realize potential conflicts of interest that one may encounter in the profession. 2. Begin to learn how to see the inter-relationship between accounting issues, analyse them, and integrate the findings to draw reasonable conclusions. 3. Begin to learn the basics of case writing and communicate effectively. 4. Understand the importance of teamwork and learn how to develop work plans and resolve conflicts. The students in this course are expected to achieve the following learning objectives through the completion of various assignments required for the course: * Technical Competencies in Financial Reporting that include the role of financial reporting, the application of reporting frameworks, the reporting of routine and non-routine transactions in different circumstances, and an understanding...
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...Tutorial and Guides section of the Center for Writing Excellence, there is a resource titled RiverPoint Writer. RiverPoint Writer is a formatting tool that is used with Microsoft® Word to help students create documents consistent with University of Phoenix requirements. a. _x__ True b. ___ False 2. Which of the following services in the Center for Mathematics Excellence provides one-to-one assistance from a live tutor? c. _x__ Step-by-Step Math Review d. ___ Building Math Confidence e. ___ Live Math Coaching 3. Which service in the University Library would you use to request assistance from a librarian? f. ___ Find a Specific Publication g. ___ Choose Resources by Subject h. _x__ Ask a Librarian 4. You need help with some basic writing skills; which of the following student labs would you use to ask your question? i. ___ Success Tools j. ___ Critical Thinking k. __x_ Writing l. ___ Avoiding Plagiarism 5. Your facilitator has asked you to review the APA Sample Paper. In which of...
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...link. 1. In the Tutorial and Guides section of the Center for Writing Excellence, there is a resource titled RiverPoint Writer. RiverPoint Writer is a formatting tool that is used with Microsoft® Word to help students create documents consistent with University of Phoenix requirements. a. ___ True b. _x__ False 2. Which of the following services in the Center for Mathematics Excellence provides one-to-one assistance from a live tutor? a. ___ Step-by-Step Math Review b. ___ Building Math Confidence c. _x__ Live Math Coaching 3. Which service in the University Library would you use to request assistance from a librarian? a. ___ Find a Specific Publication b. ___ Choose Resources by Subject c. __x_ Ask a Librarian 4. You need help with some basic writing skills; which of the following student labs would you use to ask your question? a. ___ Success Tools b. ___ Critical Thinking c. _x__ Writing d. ___ Avoiding Plagiarism 5. Your facilitator has asked you to review the APA Sample Paper. In which of the university resources on the...
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...reporting environment of a company has changed. A private company has tapped new sources of financing in order to meet competition, and those sources are imposing a GAAP constraint on the company for the first time. The company’s must reconsider its financial reporting objectives and therefore the company’s accounting policies. The “required” asks for a report from an accounting advisor to the company’s board of directors. A good response should be in report format. Dear Ms. Bissau: I am pleased to honour your request for advice concerning Dubois Limited’s financial reporting objectives and financial measurement methods. Congratulations on obtaining the necessary financing for your new and expanded facilities and processes. Dubois Limited has been a private enterprise since its inception. As a private enterprise, it has not been necessary for your company to provide financial statements to external users, except perhaps occasionally to a bank for a credit line or a short-term loan. However, you have issued a significant number of shares to a venture capital company that now owns 35% of the company’s outstanding shares. Although you are still a private company, Dubois will henceforth be required to provide audited financial statements to the Mangle Group, prepared on the basis of generally accepted accounting principles. As well, you have an arrangement with a major bank to provide substantial secured working capital support. In our discussion, you didn’t mention whether...
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...Program- an integrated Employment, Training, and Education Program. Education and Training-services such as a GED, Higher Education, Adult Vocational, Career Enhancement, and WEX- Work Experience Program. To provide support to clients who have children the 477 program offers assistance with Child Care Services. Child Care Services- assists families/parents that want to achieve higher education, training, and employment. This enhances and improves the quality of the lives of a family. General Assistance- provides clients direct financial assistance while working towards self-sufficiency through employment and training. Supportive Services- provides services for clients whom are employed, in educational related act ivies, or training. The Supportive...
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...There have been issues regarding cost of visits and procedures with no insurance coverage while having to pay out of pocket for services that can cost hundreds or even thousands of dollars. The organization offers assistance in providing financial assistance for those in need and assist in finding the health care coverage that would best suit them. Infertility coverage is not a mandated health issue in many states that needs insurance coverage. Out of all the states only 15 are mandated to cover some sort of infertility. 1.1 Key Concepts The main problem was to determine what insurance provider would have some sort of infertility coverage that could assist their patients and avoid out of pocket expenses. The risk analysis will provide information that will help the risk manager realign the activities when dealing with quality care and improvement with the main focus on patient needs. * Review of the current functions of quality improvement and risk management * Suggestions to better present new options for health care coverage for patients and families * Summary of how risk management and quality improvement have been brought together * A short overview of the risk management and quality improvement evolution * Provide scenario samples of the integrated approach to quality and risk management The main purpose for...
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...1 The Adopt-A-School Program Potential engineers, scientists, mathematicians, and artists are in our schools, but they may not have a chance to pursue their dreams due to economic difficulty. Their parents dream of a better life for their children and strive hard to provide well for them, but in many cases, even just the provision of food for each household’s table is already a struggle. The government allots the biggest share of the national budget to public basic education, but the amount still cannot keep up with the increasing student population. There are even more children who are out on the streets and who have to be shepherded into the schools, but government resources are simply not enough to provide them the free, quality education to which they are all entitled. We need generous hearts in the private sector to realize the spirit of Republic Act 8525 or the Adopt-A-School Act, enacted in 1988 for the very purpose of providing a venue for the strong and dynamic private sector to participate in nation-building through investments in the education of Filipino children. The rewards of such investments come through an educated generation that will succeed ours, run our enterprises, and steer this nation to greater heights. Over the years, DepEd introduced interventions to reduce student dropouts and keep the youth off the streets. It has sought to increase student achievement levels and improve teacher performance. It continues to bring the issues and needs of public...
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.................... 1 Meanings of approved system arrangement and approved system authority ................................................................................. 4 6 6 Overseas students .............................................................................. 6 6 Levels of education that constitute primary education for schools other than special schools ..................................................... 6 Levels of education that constitute secondary education for schools other than special schools ..................................................... 7 Levels of education that constitute primary education and secondary education for special schools ............................................ 8 9 Conditions of financial assistance—implementing national policy initiatives relating to school education.................................... 9 Condition of...
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...BlueCross BlueShield of North Carolina: Blue Value Silver$$start$$ 3000 Summary of Benefits and Coverage: What this Plan Covers & What it Costs Coverage Period: 01/01/2014 - 12/31/2014 Coverage for: Individual Plan Type: POS This is only a summary. If you want more detail about your coverage and costs, you can get the complete terms in the policy or plan document at www.bcbsnc.com or by calling 1-877-258-3334. Important Questions Answers $3,000 person/$6,000 family in-network. $6,000 person/$12,000 family outof-network. Doesn't apply to In-Network preventive care. Coinsurance and copayments do not apply to the deductible. Yes. $200 for prescription drugs. There are no other specific deductibles. Yes. For In-Network $6,350 person/$12,700 family For Out-Of-Network $12,700 person/$25,400 family Premiums, balance-billed charges and health care this plan doesn't cover No. Yes. For a list of InNetwork providers, see www.bcbsnc.com/content/ Why this Matters: You must pay all the costs up to the deductible amount before this plan begins to pay for covered services you use. Check your policy or plan document to see when the deductible starts over (usually, but not always, January 1st). See the chart starting on page 2 for how much you pay for covered services after you meet the deductible. What is the overall deductible? Are there other deductibles for specific services? Is there an out-ofpocket limit on my expenses? What is not included in the out-of-pocket limit? Is there...
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...SWAT Standard For Law Enforcement Agencies National Tactical Officers Association Published September 2011 Dedicated to the memory of Sergeant Mark Renninger End of watch: November 29, 2009 NTOA SWAT Standard COPYRIGHT NTOA SWAT Standard Copyright 2008, 2011 National Tactical Officers Association Published September 2011 All rights reserved. This publication may not be reproduced, in whole or in part, in any form or by any means electronic or mechanical or by any information storage and retrieval system now known or hereafter invented, without prior written permission of the National Tactical Officers Association (NTOA), with the following exception: NTOA staff and training instructors are hereby given permission by NTOA to reproduce any or all of the contents of this manual for internal use within the organization or for training classes. All other individuals, private businesses and corporations, public and private agencies and colleges, professional associations, and law enforcement agencies, may not print or download this publication for non-commercial use without permission from the NTOA. Questions about this copyright information or about obtaining permission to use NTOAdeveloped publications may be addressed to the Executive Director at 1-800-279-9127. © 2008, 2011, NTOA. All rights reserved. 2 NTOA SWAT Standard CONTENTS Copyright .................................................................................................
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...ITIL® Foundation Sample Papers Terms of Use – English Please note that by downloading and/or using this document, you have agreed to comply with the terms of use outlined below: 1. All sample (electronic or paper based) papers are for personal use only. 2. The sample papers are intended for the following use only: For use as study aid/s for candidates who wish to sit an ITIL Foundation examination, or for reference purposes. 3. By downloading a complimentary digital copy of any of the ITIL Foundation sample papers, you agree not to: Reproduce or copy; forward or share; sell the document with/to any third party. 4. If you wish to use the whole or part, of any of this sample paper, for any purpose other than self study or reference, please contact AXELOS Accreditation Team (examinations@axelos.com). The ITIL® Foundation Examination Sample Paper A, version 5.1 Multiple Choice ANSWERS AND RATIONALE © AXELOS Limited 2012 All rights reserved. Reproduction of this material requires the permission of AXELOS Limited. The swirl logo™ is a trade mark of AXELOS Limited ITIL® is a registered trade mark of AXELOS Limited ITIL Foundation Examination SampleA ANSWERSandRATIONALES v5.1. This document must not be reproduced without express permission from The Accreditor. Page 1 of 4 Version 5.1 (Live) Owner – The Official ITIL Accreditor Answer Key and Rationale: Q A Syllabus Ref Book Ref 1 B 05-51 ...
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...E. AUDIT EVIDENCE 1. 2. 3. 4. 5. 6. The Use of Assertions by Auditor Audit Procedures The Audit of Specific Items Audit Sampling and Other means of Testing Computer-Assisted Audit Techniques Not-for-Profit Organisations The Use of Assertions by Auditor What are substantive procedures? Substantive procedures are tests to obtain audit evidence to detect material misstatements in the financial statements. Substantive procedures generally include analytical procedures and test of detail of transactions, account balances and disclosures. What are the assertions used by auditors? Hint: PROVE Presentation and disclosures (or Classification and understandability) Records completeness, accuracy, cut-off (correct accounting period) Obligation (or rights and obligation) Valuation and allocation Existence Audit Procedures What are some of the typical audit tests? Confirming compliance with law and accounting standards Reviewing notes for understandability Reviewing of post year-end items Cut-off testing Analytical review Confirmations Reconciliations to control accounts Recalculation of correct amounts Third party confirmation Reviewing invoices for proof that item belongs to the company Matching amounts to invoices Confirming accounting policy consistent and reasonable Reviewing post year-end payments and invoices Expert valuation Physical verification Inspection...
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