...paper, my senior will reviewed it if there are any error I need to do correction. After all done, I need to prepared signed account and sent draft for discussion to client and then I will prepare report which is final report. Different with audit workfiled, in audit workfield I just need to do test check, revenue cycle, expenditure cycle and collection cycle. Revenue, expenses and collection cycle is done by listing three most huge amount inccured during the year. Other than that I just need to make a copy of supporting document thatis needed to attach in audit working paper. ACCOUNT WORK In accounting field, senior that guided me is Mdm Dewi and Miss Afifah. They taught me how to use and key in transaction in a system known as User Bussiness System (UBS). Ussually, when...
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...WAITROSE IN CHINA PESTEL ANALYSIS An organisation (or) business effect or make the decisions depending on the factors in the macro environment.To analyse these external factors, the bussiness planners categorised to as PESTEL model.It is helpful strategic tool for understanding business position, market growth or decline, potential. PESTEL analysis is vital and used widely to understand the external factors affecting the organisation.It is a strategic external analysis used to evaluate (Political,Economic,Social,Technological,Environmental ,Legal) of a particular organisation or business.It is very important when you start operating in a new region or country.It also helpful to break your unconscious assumptions,and you can adapt to the reality of new environment. POLITICAL: political factors are how and to what degree a government interfere in the country economy.It includes areas like tax policy,labour laws, environmental laws,trade restrictions,political stability. ECONOMICAL:The factors include in economical are economic growth, interest rates,exchange rates,inflation rates.It is how government supports trading and business in the country. SOCIAL: Social factors include the cultural aspects and include health consciousness, population growth rate, age distribution, career attitudes and emphasis on safety. TECHNOLOGY: Technological factors include technological aspects such as research and development (R&D) activity, automation, technology incentives...
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...LEGAL FORM OF BUSSINESS In this paper we will compare and discuss different forms of business and their advantages and disadvantages. Following are the different type of business formed to conduct work: 1. Sole proprietorship. 2. Partnership. 3. Limited liability partnership. 4. Limited liability company. 5. S corporation. 6. Franchise. 7. Corporate. 1. Sole proprietorship, The sole proprietorship is a type of business entity that is owned and run by one individual. All the decisions of the business are made by that individual and there is no legal distinction between that individual and the business. Following are the advantages and disadvantages of Sole proprietorship Advantages They have the ability to raise capital either publicly or privately. To limit the personal liability of the officers and managers. Limit risk to investors. Sole proprietorships have the least government rules and regulations affecting it. Owners have complete control over all the aspects of his or her business. The owner can take any managerial decisions that he/ she wants to take. Disadvantages Raising capital for a proprietorship is more difficult because an unrelated investor has less peace of mind concerning the use and security of his or her investment . The investment is more difficult to formalize other types of business entities have more documentation. The enterprise may be crippled or terminated if the owner becomes ill. The business is the same legal entity...
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...COVER PAGE EXECUTIVE SUMMARY TABLE OF FIGURES TABLE OF CONTENT 1. INTRODUCTION (250) 2.1 History of the resort 2.2 Vision-Mission-Value-Culture 2. SITUATIONAL ANALYSIS 3.3 Stakeholder matrix analysis 3.4 TOWS matrix 3. ISSUES (400) 4.5 Micro issues 4.6 Macro issues 4. SUSTAINABLE PRACTICES (600) 5. IMPACTS (600) 6.7 On the organization (8 JA, 1 Framework) 6.8 On the guest experience (8 JA, 1 Framework) 6. CHALLENGES(400) 7. RECOMMENDATIONS- STRATEGIC PLANNING- Grant Chart(200-250) 8. CONCLUSION (250) APPENDICES 1. INTRODUCTION 1.1 Overview of MGM Resorts International 1986 2000 2010 1986 2000 2010 MGM was incorporated as an company MGM was incorporated as an company MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Grand and Mirages Resorts was merged into MGM Mirage MGM Mirage changed into MGM Resorts International MGM Mirage changed into MGM Resorts International Figure 1. Timeline of MGM Resorts International (Bolton 2014) MGM Resort International (MGM), which is based in Nevada, USA, is one of the global leading companies in hospitality and entertainment industry. (Bolton 2014). It owns and operates 13 properties across the world, some of which are MGM Grand, Bellagio, Mandalay Bay, Mirage and holds 50% investments in four other properties including CityCenter. Besides, MGM has 51% interest in MGM China Holdings Limited owning...
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...Legal Forms of Business Mike Robertson LAW531 May 7, 2012 Julie Benes Legal Forms of Business The well-informed businessperson understands choosing the correct business form is important. The type of business form determines what type of business organized, how money flows in and out of the business, how the business and owners are taxed, and the levels of risk to owners. There are several types of business forms. These types are sole proprietorship, partnership, Limited Liability Partnership (LLP), Limited Liability Company (LLC), S Corporation, franchise, and corporation. The businessperson needs to have an understanding of which business form is justified for their business startup. The beginning businessperson looks at the sole proprietorship a majority of times because of its simplicity (Anthony, 2011). A sole proprietorship is the simplest form of business organization. The owner of the business, the sole proprietor, is the business. There is no separate legal entity. Sole proprietorships are the most common form of business organization in the United States (Cheeseman, 2010). One example of a business that becomes a sole proprietorship is an independent contractor. The future business owner completes work for a business, but they are not an employee of these companies, they are considered self-employed and therefore a sole proprietor. Most person call this “moonlighting.” For example, if an electrical contractor with a full-time job also does home electrical...
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...Individual Assignment – David Jones Limited 1. (a) DJS is a public company that issues shares to the general public and is a separate legal entity. (b) The income statement shows tax being deducted directly from company profit. The equity section show contributed equity instead of owners or partners’ equity. Also retained earnings after dividends or allocation to another equity account. 2. (a) Net assets and total equity have the same dollar value of $775,704,000. (b) Equity is the residual interest in the assets of the entity after deducting all its liabilities. 3. The finanical statements include the assets, liabilites and results of its subsidiaries incorporated in Australia. 4. The interest bearing liabilities comprises bank overdraft and unsecured bank loans. Overdraft and bank loan expiring in 15 December are reported as current liabilitis and bank loans expiring in 15 December of 2014 and 2016 respectively are reported as non-current liabilities. 5. (a)Contributed equity, reserves and retained earnings are reported under Company’s equity’s section. Contributed equity is the amount of total purchased ordinary shares. Retained earnings are the sum of profit retained in the entity after dividends payout. The share-based payment arises on the grant of share optons to employees and executives under share option plan and the cash flow hedge reserves. (b) Total equity of 775 millions in 2012 and 785 millions in 2011 are reported. (c)...
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...Interpreting Financial Results Ratio analysis is the making and identifying the weaknesses and the financial strengths of the enterprise. The following ratios are important for reviewing the financial position of the business. 1) Current Ratio; Current ratio has been knwon as the relation between the current assets and current liabilities . McDonald's Corp.'s current ratio improved from 2012 to 2013 but then slightly deteriorated from 2013 to 2014. Current ratio of industry was 1.42 which is less than the Company ratio. (McDonald’s Corp.MCP 2015) 2) Quick ratio; Quick ratio is known as the relation between the Quick assets and current liabilities .Ideal current ratio is 1:1.this means that m 1 times quick assets are enough to pay 1 time current liabilities. While calculating quick ratio we deduct the inventory and prepaid expenses from the current assets because these are considered most illiquid assets. The main reason for this is that it is not easy to convert them in cash easily. McDonald's Corp.'s quick ratio improved from 2012 to 2013 but then slightly deteriorated from 2013 to 2014 whereas industry average was 1.31 which was slightly more than the company ratio. . (McDonald’s Corp.MCP 2015) 3) Cash ratio; Cash ratio has been known as the relation between the cash assets and current liabilities. McDonald's Corp.'s cash ratio improved from 2012 to 2013 but then slightly decreased from 2013 to 2014.Cash ratio of industry was very much less...
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...The law of Supporting Knowledge-Based firms and Commercialization The present report tries to provide a summary of the mentioned law. The law was approved by parliament in November 2010. Important events related to knowledge-based firms law are summarized as table below: Activity | Date | Preparing the bill of law in vice presidency for science and technology | January, 2008 | Approval of the law in parliament | November, 2010 | Approval of the "Implementing Regulations" by the government | November , 2012 | Launch of qualification system of knowledge-based firms and enrolling applicants | March, 2013 | Announcement of tax exemption of firms located in the science and technology parks by Iranian National Tax Administration(ITNA) | August, 2013 | Approval of the first list of verified knowledge-based firms | September, 2013 | Approval of second edition of evaluation guideline and criteria of knowledge-based firms that recognizaed industrial companies with knowledge-based activities as potential applicants for the law | March, 2014 | The first financial facilities provided for knowledge-based companies by Innovation and Prosperity Fund (IPF) | June, 2014 | Approval of detailed methodology of customs exemption | October, 2014 | Implementing knowledge-based products leasing program by IPF | February, 2015 | Implementing program for support and development of of knowledge-based products and services export | May, 2015 | Article 1. The law define knowledge-based...
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...Question 2 MEMORANDUM TO: Taylor Travel Agency Owners FROM: Sandra Blake CGA, Controller DATE: May 1, 20X1 REGARDING: Response to assorted queries Thank you for the opportunity that you have provided to me, I am excited to be working for Taylor Travel Agency (TTA) and look forward to working with both of you to ensure that TTL can continue to grow, expand and be successful in the years to come. Financing Options One of the first items of concern is bank imposed audit requirement of the TTL financial statements, an audit engagement can be quite costly and it’s not uncommon for most banks to accept a review engagement in lieu of a full audit. A review engagement is less costly and when structured properly can fully alleviate the banks concerns with the breaching of covenants. We should discuss this with the bank and see if they’d be willing to accept a review engagement since currently they are the only users of the financial statements. You have indicated in the past that you are leaning towards issuing convertible debt because it’s deemed to be equity. This is not the case, under IFRS the company that issues the convertible debt must allocate the investment into equity and debt. This differs from treatment under GAAP where the full amount was treated as debt. This may be advantageous to assist in keeping the debt to equity covenant in the tolerable range established by the bank but we would need to analyze the proposed issuance of debt and see what portion...
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...[pic] How Entrepreneurial is Germany? The Institutional Context of Entrepreneurship and Business Start Up Costs in Germany in International Comparison Abstract The importance of entrepreneurial activities is integral to a nation’s economic growth. This paper reviews the results of the 2000 Global Entrepreneur Monitor (GEM) country report with a sole focus on Germany in evaluating its degree of entrepreneurship. The factors examined include the costs, legal procedures, and institutional context via a look at the formal and informal entrepreneurial frameworks. The view of entrepreneurship in Germany will be explored as well as comparison to other countries in the GEM report. It is found that entrepreneurial activities differ within regions in Germany and the cultural and social norms place a barrier to start-ups despite the government effort in financing and state promotion programs. TABLE OF CONTENTS 1. Introduction……………………………………………………………….3 2. Overview of Germany’s entrepreneurship and international comparison...4 3. Institution context………………………………………………………....6 The regulation of entry……………………………………………………6 Political context- government policies……………………………………8 Human Capital…………………………………………………………….9 Education…..……………………………………………………………10 Psychological and sociological context………………………………….12 Regional context…………………………………………………………15 4. Conclusion……………………………………………………………….18 5. Works cited……………………………………………………………...20 Introduction The German economy...
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...Thesis statement: One of the most debated topics in America today is Global Warming. Regardless of whether or not it is fact or fiction, the American public needs to pay more attention to growing scientific evidence, and make a greater attempt to ensure a prosperous future. I. The Problem A. The Problems Are Just Beginning B. Man Is Having An Affect II. The Ecosystem A. The Domino Affect B. A Few Degrees Of Consequence III. Not Just Hot Air A. Crying Wolf B. Uninformed Public IV. The Real Problems A. Short Term Ideals B. Selfish Americans C. Religion D. Big Bussiness V. What Can Be Done A. Think Long Term Global Warming: Fact or Fiction? Most skeptics of Global Warming have said and will say again, “The earth has taken care of itself for millions of years. It goes through cycles from time to time. It doesn’t matter what humans do, Mother Nature is stronger than us all.” Although these opinions have some truth and relevance in the argument against the reality of Global Warming and its effects on the planet, it also seems incredibly short sighted to not explore the emerging data that has continued to grow in recent years supporting the idea that humans do indeed have an affect on how the planet and her inhabitants will continue to live and grow in the years to come. With advances in technology measuring these effects more accurately...
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...Chunlin Du Breastfeeding, Health Lifestyle and Government Support ——Best Way to solve Childhood Obesity Problem Childhood obesity is one of the most serious public health challenges of the 21st century (Global Strategy on Diet). According to the research report from World Health Organization (WHO), the childhood obesity prevalence has increased at an alarming rate. Globally, in 2010 the number of overweight children under the age of five is estimated to be over 42 million. Close to 35 million of these are living in developing countries (Global Strategy on Diet). Extreme obesity among American children is much worse than previously believed. According to Centers for Disease Control and Prevention (CDC), in the United States, childhood obesity affects approximately 12.5 million children and teens (17% of that population). Changes in obesity prevalence from the 1960s show a rapid increase in the 1980s and 1990s, when obesity prevalence among children and teens tripled, from nearly 5% to approximately 15% (Figure 1) (Popovic 42). Source: T. Popovic, "CDC Grand Rounds: Childhood Obesity in the United States." MMWR: Morbidity & Mortality Weekly Report 60.2 (2011): 42-46.Web. 28 Mar. 2012. Compare with the numbers of obese children, the more worrying things are health issues of childhood obesity. Obesity poses a significant public health threat to children for reasons that affect both their current and future health. Immediate health effects included: obese youth are more likely...
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...Chapter 1: Background of the Study. 1 Introduction: As a BBA student, it is required to submit an internship paper which is a part of BBA program. Students are usually encouraged to work on economic, finance, monetary, marketing, HR activities and other bank related topics keeping pace with their future career. Banks are dominant institutions of national and international financial system. It has become the heart of the economy. Banks cannot remain indifferent to developments in national as well as international financial system. Banks are highly leverage and exposed to exchange rate risk, country risk, and international interest rate risks. Nowadays we are living in a global village – no country is insulated from the world economy. Internship report is the outcome of perfect coordination between theoretical and practical experience throughout the session of weeks. This report is on marketing delopment of BASIC Bank Limited. This report mainly consists of the parts which is ; T he role Of Industrial Development in BASIC BANK LIMITED. This part consists of various aspects of BASIC Bank Limited as mission, vision, historical review, types of provided training, financial condition, various departments and divisions, management aspect, branches, product and services, social responsibilities etc. As a specialized bank, the main mission of this bank to develop the industrial and small business sector by giving the short term and long term loan. And keeping the capital...
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...BOMBARDIER Trevor Davies Steve Bernier Paul Gos Jeff Cosentino Bombardier Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and AsiaPacific Objective The goal of Bombardier is that the company and management team wish to downsize the company in order to have financing for other projects that they are currently researching. That’s why they sold the recreational division (snowmobiles). Joseph-Armand Bombardier History of Bombardier 1942 - Joseph-Armand Bombardier founded a company in Valcourt, in Québec's Eastern Townships Manufactured tracked vehicles capable of transporting passengers on snow-covered terrain. First commercial vehicle was the B-12, which was used to haul wood, carry mail and transport students in rural areas. 1959 - mass-production began of what today is considered the true forerunner of the Ski-Doo snowmobile. January 23, 1969 - listing of Bombardier stock on the Montreal and Toronto stock exchanges and public offering of two million shares. 1972 - Creation of subsidiaries Bombardier Credit Ltd., in Canada, and Bombardier Credit Inc., in the United States 1973 - Energy crisis precipitated a decline in the snowmobile market, thus forcing Bombardier to look for another field of activities...
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...Beirut Arab University faculty of commerce & and Bussiness Adminstration MBA Programme fall 2009-2010 Change in Management The Challenge of Working Effectively Across Organizational and International Boundaries in introducing modernizations Presented to: Dr. Ahmad Seleim Presented by: Roula Jannoun Date: January 20th 2010 Pages: (21) Including Cover |Contents |Page | |Contents | | |Introduction | | |Overview of Municipal Assistance | | |Theoretical Back Ground | | |Prototype of implementing assistant for management change and reform | | |Saida Municipality: | ...
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