Financial planner

includes lots of activities and it is not part of regulatory guidance. Forensic auditing are the wide range of activities for investigation purpose, which are performed by accountant in practice. The work of the forensic auditor is to investigate the financial affairs of the organization and most importantly includes investigation of any fraudulent activity. Internal auditor can use a third party forensic auditor for this purpose and than report the findings to the Board and audit committee.…

igure 13. Saudi Arabia vs. The Globe (Nelson Complexity Index) Saudi Arabian refineries stand at 6.0, i.e. below the global average of 7.9. The reason for low NCI is because historically Saudi Arabian focus was on upstream business and refineries have been an addition to meet local demand. In the past couple of decades, the demand has grown significantly requiring more complex refineries. Furthermore, Saudi Arabia’s strategic vision to be self-sufficient and net exporter of fuels in the future…

The three concepts consist of solvency, liquidity and financial flexibility. In this research has chosen a liquidity measure because this metric can provide managers a more complete and useful liquidity measure as they get information of how efficiency the short-term capital is performed (Richards & Laughlin…

Univariate Binomial Tree Cox, Ross and Rubinstein (1979) developed the binomial option pricing model which converges to the Black-Scholes formula in the continuous limit and demonstrates the advantage in valuing American-style options. The model approximates the behavior of an asset price by the upward and downward changes in the asset price over a particular interval of time. As shown in Figure 1, an asset with a current price of S follows a multiplicative binomial process in which the…

1) Calculate all of the ratios listed in the industry ratios table for East Coast Yachts. Industry Ratios Ratio Formula Values Answer Lower quartile Median Upper quartile Current ratio current assets/Current liabilities 51,123,050/50,584,750 1.01 0.86 1.51 1.97 Quick ratio current assets-Inventory/Current liabilities (51,123,050-20,149,650)/50,584,750 0.61 0.43 0.75 1.01 Total asset turnover sales/total assets 611,582,000/401,558,750 1.52 1.10 1.27 1.46 Inventory turnover cost of goods…

2.2 Brand Equity Model The original concept of brand equity (Aaker, 1992) has been viewed and developed into different directions: strategically and financially, where the brand value is regarded as an accounting tool, to stipulate the financial value the brand provides to a company (Keller, 1993). The motivation and original definition being: “A set of assets and liabilities linked to a brand, its name and symbol that adds to or subtracts from the value provided by a product or service to a…

Assignment # 5 1. Visit the IMA website www.imanet.org . List, describe, and evaluate the requirements to become a Certified Management Accountant. What topics are covered on the exam for certification? Would you be interested in a career as a management accountant? In order to become Certified Management Accountant, the candidate need to be active member in the Institute of Management Accountants & Pay for the entrance fee. Candidate must complete the CMA certification within three years from…

Union Bank and Trust Company Wire Transfer Risk Assessment Overview Many consumers and businesses conduct electronic bank-to-bank financial transactions through wire transfers. A wire transfer is a process of moving money from one account to another, across financial institutions. While this activity is convenient, it does not come without risk. Union Bank and Trust (the Bank) acts as both an originator and receiver of domestic and international wires. The Bank will be using the Federal…

According to any situation there are two aspects, whether it is “Utilitarian” or “Deontological” from the two points of view whether from the bank’s view or the clients. As mentioned in the previous ethical situation, the client who proposed to the bank with two different balance sheets, he thought that the bank won’t mind to accept his loan and the balance sheet as they would know that businesses don’t prefer to pay too much taxes. From the Bank point of view this is an unethical situation…

The article, “Barnes & Noble has been destroyed by Amazon” discusses how Barnes and Noble has been losing money over the past few years and the role that Amazon has played in its difficulties. Barnes and Noble’s sales have recently fallen again while its long term debt has tripled over the past year. Along with all of this, shares in the company have plummeted dramatically. It has struggled to keep up with Amazon, as its Nook e-reader, has not been successful and its online sales have dropped.…