AC540 Week 3 Assignment Please complete the below problems and submit your answers in the Week 3 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information. 1. In the Course Home tab of your course shell, click on “FASB Codification Access.” Scroll to the bottom of the page and click on “For tutorials please click on the link here.” Watch and listen to the four tutorial modules and answer the following questions with information you learned in the tutorial
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BA 3322 – Report (Lecture 4 – Auditing the Revenue Cycle) Drea Tech Company has been growing rapidly and has recently engaged your firm as its auditor. It is actively traded over the counter (OTC) and management believes it has outgrown the service capabilities of its previous auditor. However, on contacting the previous auditor, you can learn that a dispute led to the firm’s dismissal. The client wanted to recognize income on contracts for items produced but not shipped. The client believed the
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Audit Week 2: Financial Statement Audits, Financial Statement Assertions and Audit Evidence Financial Statement Audit * A systematic process of objectively obtaining and evaluating evidence regarding assertions about the economic actions and events to ascertain the degree of correspondence between assertions and established criteria * Purpose: To enhance the degree of confidence of intended users in the financial statements by the expression of an opinion by the auditor Overall Objectives
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money to company in the form of bonds, loan conditions such as interest rates, security, other conditions Contracting – legally binding obligation that gives party the right to demand the performance of whatever promised * management (agency problem) – information asymmetry, act in self interest * debt Stewardship – compliance with delegated authority Agency Cost of equity Perquisite consumption – Manager give themselves more luxury than would seem reasonably from the principals point
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individuals of various professionals, recruit, find experts and get expert advice. Their strategy was to emerge as a major player in PNS which they successfully did. In 2008, LinkedIn was the largest PNS in the world, drawing members from about 170 industries. The company wanted to keep a strong differentiation between PNS and SNS along with maintaining a large crop of their professional users. The company, through continued innovation and expansion of new products, employees and a growing number of
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role, size of team, size of sales budget etc.) Bullets are in the past tense Use Industry and Company Key Words (Avoid technical jargon though!) Other Interests Section Include interesting details such as professional association memberships, volunteer involvement, sports and other extracurricular Key Questions to creating an accomplishment based resume 1. Did you identify or solve a major problem for your department or division? (Results?) 2. Did you save the company money? (How much
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I. Succinct The case present a company named Lighthouse that it business specializes as a provider of locating services for the shipping industry. The services comprise of a one-way messaging service that routes messages from the ships at sea to the shipping company’s offices. The messages provide the shipping company detailed information regarding to ship location, speed and current local weather. The way the system works for gathering the ships data is, by installing a device as a dedicated
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to $2000 in monthly revenue as of January 2014. The following decisions have been made: * Target females ages 7-12 * Incorporate ballroom designs and put six of the seven current designs on discount * Lower price range from $40-70 to $20-35 * Advertise using Facebook ads and Google ads * Stick with online distribution The following will now be discussed in detail. By targeting a young female audience, Korra will be able to form brand recognition within a newly developed
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Case Analysis: Federal Express Introduction Federal Express is an express transportation company, founded in 1973 by Frederick W. Smith. During his college years, he recognized that the United States was becoming a service-oriented economy and needed a reliable, overnight delivery service company designed to solely transport packages and documents. He wrote a Yale term paper on this idea, and received a ‘C’. His professor thought it would never work. Fortunately for Frederick Smith, he didn’t
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subscription base business * And, to gradually migrate from Postal delivery to Internet based delivery Netflix definitely has leverage in this industry due to its competitive advantage over the rest. * Netflix has a wide variety and movie titles, TV shows and Etc. * Brand awareness- Having a brand recognition is key to success in any industry. * Netflix’s ability to deliver movie titles in one day or stream online directly to any compatible device. 4. Exhibit 2 * Positives
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