Bernoulli's principle

Planning, performing and reporting are the three major stages of auditing. The first stage in an audit is the planning stage. The planning stage consists of getting to know the client, pinpointing factors that could impact the risk for a material misstatement for the financial records, and creating an audit strategy (Wiley,2015). Marilyn Terrill is the senior auditor for the the Uden Supply Company audit, for this client she will need to perform the analytical procedures and calculate the…

statements, two examples in which historical cost information is reported in P&G’s financial statements, two examples of the use of fair value information reported, how we can determine the accounting principles used by P&G, what is P&G’s accounting policy related to advertising, what accounting principle does P&G follow regarding accounting for advertising, and where are advertising expenses reported in the financial statements. P&G’s Revenue Recognition Policies According to Procter & Gamble…

Mr. Morrison and team, the survival of our company relies on how well we handle our financial practices. After reviewing our annual report, there are some aspects that are important to note. Our financial reports reveal a lot about the wellbeing and survivability of our business. Reviewing the reports will assist us in making informed decisions about our operations (Nickels, McHugh, & McHugh, 2012). In order to make informed decisions, we will employ a ratio analysis from our annual report.…

To obtain the data needed for the question, I first downloaded the dataset per instruction of the question. Specifically, I obtained the data of “rental commitments minimum – 5-year total” and “total liabilities,” assuming that these data reflect firms’ lease commitments and total liabilities. The dataset was then organized as follows: To throw out the “bad data,” I sorted out all the rows containing blank cells by the “filter” tool and removed all the duplicated rows by the “remove…

Assets In the year 2015, Tri-City had their current assets at $125,599,000, capital assets (net) at $109,509,000, and non-current assets of $21,763,000, which totals $256,421 in total assets. Their cash flow in cash and equivalents is $15,711,112, restricted cash investments are $51,418,000, patients’ accounts receivable are $43,587,397, and other receivables are $1,972,226. Their supplies inventory is $7,401,180, the pre-paid expenses and other assets are $2,691,937, and the estimated…

RATIO ANALYSIS Financial ratios help external stakeholders, and enterprise managers know how well or poorly a business is performing and pinpoint areas that could do with improvement. Companies can also compare themselves to the competition or to diverse companies in other industries. Size need not be an issue since ratios standardize accounting relationships to provide management with a raw reckoning of financial status and trends. To better categorize them, financial ratios are generally…

Health care organizations are known to value assets on their historical or acquisition costs. What types of asset valuation methods are useful for finances, stocks, bonds, tax returns, and financial statements? Response 5 As a potential CFO, valuing assets is a crucial need for not-for-profit health care organizations (NFP). A well-managed health care organization with auditors, management, and CFO would ensure the assets, stocks, bonds, tax returns, and financial statements are being valued…

less the value of conversion option. Conversion option is a feature of bond that allows to convert it into common stock. It is the cost for the benefit of conversion. Maturity of bond The time duration set at the time of issuing bond until the principle must return back to the bond holder by bond issuer is called time to maturity of bond. Relationship between; i. Yield to maturity and value of a bond The value of bond is inversely related to changes in the yield to maturity. When market…

Analysis 1. Weeks of notice of termination or pay in lieu of notice. According to the Employment Standard Act (ESA) 2000, Ethan should be given four weeks of notice since he has been working for the company for more than four years but less than five years. A similar case at Lougheed Imports v. Local was undergone in 2010, where employees posting a few comments about their employer on Facebook was deemed proper cause for the termination of their employment. By contextualizing the following…

1. INTRODUCTION ESTIMATING AUTO INSURANCE PREMIUM USING GENERALISED LINEAR MODELS 1.1 BACKGROUND INFORMATION AND PROBLEM STATEMEENT The basic role of insurance is to pool fortuitous losses together, provide financial protection, offering a means of transferring the risk of losses in exchange of an insurance premium. Insured’s pose varying level of risks to an insurer. It is rational that the rates charged correspond to individual risk levels. The non-uniform rates charged…