Recommendation Brief for an Internal Accountant Auditors are hired to look beyond the apparent and find the true underlying of an organization, either good or bad. Currently Customer XYZ has an out-of-control system and hiring an internal auditor can help to remedy the issue. Auditors are beneficial because they are subject matter experts on multiple levels. According to Louwers, Ramsay, Sinason, and Strawser (2007), auditors must not only have a substantial knowledge of accounting rules but also
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Tootsie Roll Industries Ratio The Hershey Company Ratio Interpretation and comparison between the two companies' ratios Earnings per Share 0.94 1.35 The Hershey Company had a 2007 Earnings per share of 1.35, compared to the Tootsie roll company with a earnings per share of .94. Current Ratio 3.45 0.88 The Hershey company current ratio is .88 compared to 3.45 from the Tootsie Roll company. The Hershey company has much more assets and liabilities than the Tootsie roll company. Gross Profit Rate
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[pic] American International University-Bangladesh (AIUB) FINAL DRAFT INTERNSHIP REPORT ON “Financial performance analysis of IDLC Finance Limited in compare with Langkabangla Finance Limited” An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business Administration Supervised By: Abdus Shahed Faculty, School of Business Administration Department of Finance Submitted By: Islam Md. Zahidul
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Case Write-up #1 Clarkson Lumber Company Background Clarkson Lumber Company (CLC) is a successful finished wood products company with a promising future, yet needs to apply sound managerial financing policies to continue to be competitive in this market. The sole owner, Keith Clarkson, is dedicated to his profession and has a good reputation among his suppliers and customers. CLC's sales have been consistently growing over the past several years, rising 19% from 1993 to 1994, 30% from 1994
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Reed's Clothier, Inc. Case Study L. S. Moore Finance 370 March 30th, 2011 Reed's Clothier, Inc. Case Study Reed’s Clothier, Inc. Working Capital Policy and the background information, followed by the current situation and the Summary. Questions 1 and 4 will have been answered in an excel spreadsheet. Exhibit 16.1 Reed’s Clothiers Income Statement (in 000’s) Common Size
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underlying factors that affect a company's actual business and its future prospects. On a broader scope, you can perform fundamental analysis on industries or the economy as a whole. The term simply refers to the analysis of the economic well-being of a financial entity as opposed to only its price movements Fundamental analysis serves to answer questions, such as: • Is the company’s revenue growing? • Is it actually making a profit? • Is it in a strong-enough position to beat out its competitors
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gold prospect as well as the ways in which investigating the financial results and operating characteristics would help in the determination of the of the company’s value. Lastly this paper covered some of the perpetrators motivations to commit fraud. Fraudulent Activities of Bre-X Minerals Company “Financial statements fraud involves the intentional publishing of false information in any portion of a financial statement (Association of Certified Fraud Examiners).” The Bre-X
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illiquidity market, the impairment of assets caused potential risk of system and overreaction of investors. The substantial decreasing values enter into the unrealized losses, which further force investors sell their assets for financing in order to mask financial statements or to accord with the investment policy. The consequence is that counterparties are unwilling to transact with those whose assets are continually impaired. In this situation, investment having high leverage will undertake the crisis of
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some of the problems. Internal auditing helps companies to look at ways to improve and achieve short-term and long-term objectives. Internal auditors are hired to perform internal audits that look at a company’s operations, investigating fraud, financial reporting, safeguarding assets, and compliance of the laws and regulations set for companies. The internal auditors are employed to improve a company’s internal controls. Effective working internal controls detect and prevent fraud that is tested
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| | | | [pic] Table of contents Chapters Pages • General information 3 • Staff information 4 • Product line 5 – 17 • Chart of accounts 18 • Trial balance
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