1. GASB 24 - flow through grants , give examples of this type of grant, and how you would account for it. For example, who gets audited? 2. OMB A1-33 single audit, what is it, and why is it needed. What did you see in Trenton's single audit that affected you the most? Why? 3. On J-13 Debt margin on page 215 of the audit - what is it? How does it help the taxpayer? 1. “The Governmental Accounting Standards Board (GASB) Statement 24, Accounting and Financial Reporting for Certain Grants and Other
Words: 486 - Pages: 2
What is a business plan? A business plan is a road map for a company, it is put into black and white so that the company may look ahead in order to dispense funds to the appropriate areas of the business. The main purpose of the plan is to optimize growth and development according to priorities. A plan is a way to show your investors that you know what you are doing and that they will get a return on their investment. A plan should be used as a business tool, in which they can find great ideas
Words: 512 - Pages: 3
------------------------------------------------- AYB230 Corporations Law Practice Qs for Midsemester Exam – Answer guide Week 7 Incorporation and its effects 1. Answer: c, because Macaura applied the principle in Salomon v Salomon. 2. Answer: e, all of (a), (b) and (c). 3. Answer: d, the Walker case did not say anything about directors being unable to sit on more than one board in a company group. 4. Answer: b. 5. Answer: e. Breach of a Listing Rule is not a breach of the
Words: 715 - Pages: 3
Suggestion as Butler’s financial advisor Butler Lumber Company is on a growing path. It is evident from the case that the volume has been built due to successful price competition, careful control of operating expenses and purchases at substantial discounts. Even in case of an economic downturn its business is protected to a large extent as 55% of its sales are from the repair market. The company is growing at a good pace of 19%, 34% and 34% for the year 1989, 1990 and 1991 respectively. The data
Words: 369 - Pages: 2
Compañia de Teléfonos de Chile (CTC) is a telecommunication company based in Chile. By the late 1980s, Chile did not have a broad telecommunications network. The country ranked only 12th out of 24 Latin American and Caribbean nations. They were a state-owned corporation that experienced a below average record for servicing customer needs. Hundreds of thousands of potential customers had been on the waiting list for service for several years. Due to the underdevelopment of telecommunications, need
Words: 844 - Pages: 4
PROCESSING PLANT BALITHA, TALUKA PARDI, VALSAD Finance and Function of Finance are the part of Economic activities. As this report also include the Financial Ratio Analysis which checks upon the efficiency of the firm. Ratios indicate the trend or progress or downfall of the firm and are aid to measure financial solvency. This project start with industry analysis, introduction of the company and organization, four major departments of the firm they are finance, marketing, production and human resource
Words: 14361 - Pages: 58
The pound-based WACC for Grand Met is 12.81%, while its dollar-based WACC is 11.01% 1.748 (1.027/1.043) = 1.721185 Spot rate, expected exchange rate. This shows that the dollar is appreciating in relation to the pound. This is expected as inflation is expected to be higher in the UK. This also explains the differences in the WACC between the two countries. In order to preclude arbitrage opportunities and account for difference in inflation rates, pound-based WACC has to be higher than the
Words: 489 - Pages: 2
made to use convertible preferred stock. This is definitely less expensive compared to equity, and given the fact that the dividend was 85% tax-deductible to corporate purchasers without a significant loss of tax benefits; it was a good method to finance the operations. One possible reason for a negative equity was that the company did not expect the uncooperative actions from AT&T which lead to significant delay in growth of revenue. MCI likely did not raise enough equity at the time. In addition
Words: 1543 - Pages: 7
and PPL’s Finance team determined that in order to execute this new strategy PPL needed to maintain access to large amounts of capital at low cost while maintaining the financial soundness of the corporate balance sheet. This culminated in the separation of its unregulated generation businesses from its regulated distribution and transmission businesses in 2000(Esty, Ferman 4). The environment PPL was operating in during this time was not conducive to PPL Global using Corporate Finance to raise
Words: 2276 - Pages: 10
THE SARBANES OXLEY ACT of 2002 The Sarbanes Oxley Act of 2002 was signed into law after a series of corporate financial scandals affected companies such as Enron, WorldCom, and Arthur Anderson. It provides a solid set of government rules that will discourage and punish corporate and accounting fraud and corruption by imposing severe penalties for wrongdoers, while protecting the interest of workers and shareholders. Acknowledged as the most significant change to securities laws since
Words: 1570 - Pages: 7
