industry that the client is in 4. Make sure that our accounting firm is independent of CA (i.e. there’s no conflict of interest) 5. Communicate with the predecessor auditor These procedures are required by the GAAS. Audit Procedure #3 Non-financial: Stealing trade secrets: the integrity of Dupuis and CA employees is called into question. Will Mr. Dupuis and CA employees answer auditor’s question honestly and faithfully? Response from the predecessor auditors: Change of auditors causes
Words: 942 - Pages: 4
Question 1: From a financial analysis perspective, has the Proton management done a good job? Liquidity Ratio | 2005 | 2006 | 2007 | 2008 | 2009 | Current Ratio [Current Asset / Current Liabilities] | 5,026.5 / 2,210= 2.27 | 4,431 / 2,341.1= 1.89 | 3,165.5 / 1,533.8= 2.06 | 3,446.1 / 1,639.2= 2.10 | 3,404.6 / 1,883.6 = 1.81 | Quick Ratio [(Current Asset – Inventories) / Current Liabilities] | 4,059.4 / 2,210= 1.84 | 3,042 / 2,341.1= 1.30 | 1,891.9 / 1,533.8= 1.23 | 2,345.8 / 1,639.2= 1.43
Words: 3646 - Pages: 15
KIER v CARILLION EXERCISE BFM234: ACCOUNTING FOR NON-FINANCIAL MANAGERS Group 77 Table of Contents Introduction .................................................................................................. Financial performance and position of Kier Group plc ................................. Financial performance and position of Carillion plc ..................................... Comparison of the financial performance and position between Kier Group plc and Carillion plc .........
Words: 3204 - Pages: 13
A Financial Ratio Quarterly Trend Analysis of Starbucks Corporation Stock Symbol: SBUX Listed on the NASDAQ Exchange Prepared for: In partial fulfillment of the requirements of the course: Section A: Computations The following table summarizes the ratio computations for SBUX. SBUX’s closest competitor, Caribou Coffee Company, Inc (CBOU) used as the industry benchmark. Section B: Financial Trend Comparison Starbucks’ liquidity
Words: 1780 - Pages: 8
users (Stakeholders) of Finance statements and their needs and assess the implications for users of financial statement. Then, I explain the legal and regulatory influences on financial statements preparation like Companies Acts. After that, I describe how different policies are dealt with by accunting and reporting standard including FRS, IASB, SSAP, GAAP and ASB). Furthermore, I calculate accounting ratio consisting of Solvency, Profitability, Capital Gearing, Dividend Yield, Assets to assess the performance
Words: 6334 - Pages: 26
INTRODUCTION OBJECTIVE: To understand the information contained in financial statements with a view to know the strength or weaknesses of the firm and to make forecast about the future prospects of the firm and thereby enabling the financial analyst to take different decisions regarding the operations of the firm. RATIO ANALYSIS: Fundamental Analysis has a very broad scope. One aspect looks at the general (qualitative) factors of a company. The other side considers
Words: 12924 - Pages: 52
Alaska Sea Grant Marine Advisory Program The Business of Fish Handout 6 Analyzing Your Financial Ratios Taken from http://www.va-interactive.com/inbusiness/editorial/finance/ibt/ratio_analysis.html Overview Any successful business owner is constantly evaluating the performance of his or her company, comparing it with the company's historical figures, with its industry competitors, and even with successful businesses from other industries. To complete a thorough examination of your company's
Words: 3901 - Pages: 16
AN INTERNSHIP REPORT ON [pic] HABIB BANK LIMITED SUBMITTED TO Mr.nazik hussain SUBMITTED BY Beenish Ameer Roll #07 BBA(HONS) Morning SESSION 2009-2013 DEPARTMENT MANAGEMENT SCIENCES [pic] Islamia University Bahawalpur
Words: 11525 - Pages: 47
Co. Equity Valuation and Analysis Valued at April 1, 2005 Chelsea Fitzgerald: chelsea.fitzgerald@ttu.edu Whitney Valdes: whit2884@hotmail.com Eric Richardson: ericwrichardson2000@yahoo.com Sean Bancroft: seanbancroft@yahoo.com Kristen Weaver: kristen.m.weaver@ttu.edu Tiffany & Co. Valuation Table of Contents Executive Summary Business/Industry Analysis Accounting Analysis Ratio Analysis/Forecasting Cross Sectional Analysis Forecasted Financials Valuation Analysis Cost of Capital Intrinsic
Words: 22702 - Pages: 91
13 Financial Statement Analysis LEARNING OBJECTIVES After you have mastered the material in this chapter, you will be able to: 1 2 3 4 5 6 7 8 Describe factors associated with communicating useful information. Differentiate between horizontal and vertical analysis. Explain ratio analysis. Calculate ratios for assessing a company’s liquidity. Calculate ratios for assessing a company’s solvency. Calculate ratios for assessing company management’s effectiveness. Calculate ratios for assessing
Words: 18573 - Pages: 75
