Financial services

Control Internal controls are systems put in place by an organisation to ensure its efficient performance and delivery of its services to stakeholders. It also ensures that in situations where activities does not go as planned, the damage does not affect the productivity of the organisation by having contingency plans. Internal Control also has to do with reliable financial reporting and compliance with rules, policies and laws which are all ensured by the management of the organisation…

market after a decade in 1992 Mohammed Barwani Petroleum Services was founded and so in this short term of successes it became one of the largest growing oil field services company. (MB Holding Company L.L.C, 2013) As they became pioneers in manufacturing oil and gas this lead them to trade and invest globally throughout Asia, Europe, Middle East and Africa. The Holding companies’ subsidiaries main activities are drilling and oilfield services, exploration and production of oil and…

value of free cash flow has dropped significantly and is now negative over the previous year which shows that company not handling operating activities properly and it has no free cash to facilitate company’s expansion, acquisitions and making it financial unstable during difficult market times. Analysis of Activity Ratios Inventory Turnover Inventory Turnover is increasing over the previous years shows that the company is not able to buy raw materials. This means that firm replenished its…

Following the preliminary engagement activities, the audit team should go about setting an audit strategy and have an audit plan developed. The strategy will go over aspects of how the audit procedure and discuss the scope, timing, and direction of the audit itself. This well help determine resources that the audit team will need in order to carry out the audit including experience of auditors, and the industry specific skills that may be necessary. Amount of resources should also be taken into…

Introduction Manufacturing companies, like Hampshire Company, rely on the costing data provided by various costing methods to determine financial successes and downfalls. “By tracking and categorizing this information according to a rigorous accounting system, corporate management can determine with a high degree of accuracy the cost per unit of production and other key performance indicators” (Kucera 2018). Therefore, Hampshire Company has requested that I calculate how traditional and…

Roger Shlonsky informs CEO Rognlien and Lawrence that press release understated Cardillo’s estimated loss for fiscal year 1985 and shortly after that KMG resigns. This implies that KMG as an audit firm does not comply with false information about financial situation of a company, which led to its resignation as Cardillo’s independent audit…

the organization should maximize its assets capacity to expand the business that would generate larger revenue and increase shareholder’s wealth. It reflects to the extent that Ayala Land has more invested on real estate than Megaworld in these financial ratios. Liquidity Ratio Summary Using two liquidity ratios, the results have shown that Megaworld has more current assets to pay for its short term debts than Ayala Land. Megaworld can pay twice as much as Ayala Land for every P1.00 debt.…

STUDY ON AWARENESS LEVEL OF CREDIT CARD BENEFITS There is a close relationship between awareness levels of credit card usage and the benefits of credit cards. The purpose of this empirical study is to investigate the awareness levels of credit cards and its benefits among different types of individuals across different demographics. In particular, knowledge structures, beliefs, likes and dislikes as well as attitudes of credit card owners in the possession and use of credit cards are…

Statuary Law Securities Act of 1933 In the Securities Act of 1933, under section 11 an accountant is liable for omitting or misstating material facts in a registration statement. In our case, the CPA negligently failed to detect inaccurate misrepresentation of net sales and profit as any other reasonable accountant would. In addition, the CPA intentionally omitted material information regarding irregular entries that suggested bribing. Under the Securities Act of 1993, Section 11 any person who…

Indeed the essay written has strengths as follows: 1. Discussion about derivatives Our essay considered the nature of Toshiba which is a global-wide company facing a risk of volatility in their business. Toshiba employs a variety of derivative financial instruments account such as forward exchange contracts and interest rate swap agreement as a hedging instrument to…