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Finance & Accounting Essay

Capital Budget
Regarded as the discounting rate that equate the present value of expected cash outflow to the present value of expected cash inflow such that net present values equals to zero. Internal rate of return is the minimum required rate of return from an investment; therefore it measures the efficiency of an investment. In investment appraisal for mutually exclusive project the higher the internal rate of return this reflect that the project is more profitable. The decision criterion under this
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Case study
Along with these products, BP is also a major player in chemicals and solar power among others (Christiansen, 2002).In the year 2010, BO Plc faced a major accident that is “Deepwater Horizon Accident” which was caused due to a gas release and a consequent explosion happened on the Deepwater Horizon oil rig particularly in Gulf of Mexico. The fire continued to spread rapidly before the rig sank and as a result the oil leaked continuously into the Gulf of Mexico before the oil containing well
Pages: 6 (1500 words), Essay
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Financial and Managerial Accounting for Decision Making
Where the management has to rank the investments, with the objective of giving priority to the most rewarding ones, the investment with the highest NPV must be ranked first. Calculating Internal Rate of Return (IRR) is another method extensively used in the investment appraisals. IRR is a rate where the cost of investment, cash outflow, is equal to the cash inflows. The proposal with the highest IRR is considered to be the most rewarding one. Payback period is another method utilized in
Pages: 8 (2000 words), Essay
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Worplestrop Case Study
The implementation of this technique would ascertain that Worplestrop takes up activities are vital for the business and that those are carried out in the utmost manner. This is because; this method would connect the budgets with the overall goal of the organization (Shah, 2009).The management of an organization and the decision making processes involved in it can be categorized into three groups, namely, operational, tactical and operational. All the three categories comprise of planning as
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Accounting project
Hence, management accounting is an integral part of any organization. Canadian Imperial Bank of Commerce (CIBC), Canadian Tire and Wal-Mart Canada are three of the large organizations operating their business activities in Canada. Some of the key management accounting practices followed by these three companies has been discussed in this study.CIBC is involved in the business of providing different kinds of financial services to various individuals, corporate, etc. in Canada and outside. It has
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Critically analyse Becks theory of Risk Society in relation to other contemporary theoretical approaches to societal risk.
He furthers his stance by saying that many potential risks are extricated from the concepts of boundaries and so these risks cannot be equitably distributed. Everyone therefore is equally at risk. Hence the concept of social classifications identified by the historical sociologists are no longer relevant according to Beck because risks cannot be equitably distributed and so all social classes are dissolved leading to individualization of the social actors.According to Beck since all countries
Pages: 10 (2500 words), Essay
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Compare and critically evaluate ring-fencing and total separation approaches to banking regulation
Secondly, ring-fencing aims at making it easier and less costly in resolving banks. Thirdly, this approach controls incentives for excessive risk-taking. Apart from the three main objectives of ring-fencing, this approach offers several benefits such as insulating vital UK retail bank services from global financial crises, it allows for an easier monitoring of banks under ring-fencing and in a much transparent way. The other possible benefit is its ability to promote competitiveness because UK
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Investment Management - Report
The CEO of the Booker Group, Charles Wilson commented that the takeover of the online food store, Makro from the Germany based Metro Group would lead to increase in the products and services of the company that are offered to the customers. According to the news article, the customers of the wholesale and retail food industry would had more options and choices for purchasing food items and avail the services of the grocery stores and retail food chains (Makro, 2014, p. The deal was been planned
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Mergers and Acquisitions
The other theory is the synergistic mergers theory, which holds that firm managers achieve efficiency gains by combining an efficient target with their business and then improving the target’s performance (Stahl and Mendenhall, 2005).In the year 2012, GlaxoSmithKline (GSK) acquired Human Genome Sciences (HGS). GlaxoSmithKline is pharmaceutical giant company based in London and Human Genome Sciences is company based in the United States. Buying Human Genome Sciences gave GlaxoSmithKline full
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Guns dont kill people. People kill people: unofficial slogan of the National Rifle Association. With particular reference to Barings Bank and MGRM, argue whether derivatives by themselves are dangerous, or it is traders and risk managers that ar
However, the market price of oil began to rise. To hedge itself, the company chose a strategy to stack and roll settled contracts.This strategy was only profitable if oil prices begin to rise and the organization gets more contracts at the same price. However, the situation became difficult since the organization took future contracts with the expectation that oil prices would rise. This was not to be as oil prices reduced significantly causing MGRM to incur a large magnitude of losses. The
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Wells Fargo
The company began operation with $ 300,000, and it faced very numerous challenges, beginning with stiff competition from established banking organizations and couriers, to the collapse of the Californian banking system in 1855 (Johnson, 2010).Cariboni, Joossens and Uboldi (2010) denote that the bank was able to survive this panic of banking system, in as much as it made considerable losses which amounted to one third of the net worth of the business organization. By surviving this crisis, the
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Legality and Ethicality of Financial Reporting
Thus, the deception and violation of transparency make them liable to clients and third parties and could even cause them a negative corporate image in the long run for fraudulent recording.The criteria by which the SOX Act would apply to the case was noted in terms of the potential misstatement in recording the revenue for the period despite knowing that it has not yet been earned. As explicitly noted, there are “four perspectives to help CPAs meet their responsibilities under the act
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Advance Managerial Accounting: Cutomer ABM
A price reduction strategy being contemplated by the company requires that the firm finds more cost effective ways of running operations without compromising on the quality of the products. This cost might cause an increase in sales and thus improve profitability despite reduction in the operating profit margin.From the cost card above it can be noted that the net profit per unit is €2.69 which is above all other current male t-shirt brands and therefore at the onset it seems like a viable
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Audit Framework
This is where auditing comes in as an important factor to ensure growth. This is because auditing helps the company to have a very objective and fair overview of its statements, records, operations and performances, based on which it will know whether it is growing or falling (Collins, 2006). In effect, effective and quality auditing plays a part in the growth of the company and thus goes a long way to ensure that the needs of stakeholders are met. Having said this, it is important to speculate
Pages: 10 (2500 words), Essay
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Materiality in Auditing(Discuss these abstracts in the context of academic research and recent developments in audit regulation and practice)
In: 1) the design of audit procedures for mechanisms to detect misstatements; the pursuit of the elimination of audit risk; and, the assessment of the risk of material misstatement as the basis for the audit procedures (Bragg, pp. These variables underscore how materiality forms part of the foundation of sound audit procedures, one that is capable of addressing errors and risks. The defined object of audit underscores this as auditors are expected “to carry out procedures designed to obtain
Pages: 7 (1750 words), Essay
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Investment Management
This portfolio is diversified in the following distinct holdings such as M&G Index Tracker Fund and Ordinary shares in a constituent of the FTSE-350 (M&G Investments, 2015).The existing portfolio of Dr. Foster holds M&G Index Tracker Fund and ordinary shares of FTSE-350. Such construction of portfolio indicates that it is highly equity oriented. Thus it is severely exposed to risk with an expectation of high return. Considering M&G Index Tracker Fund, it is an equity oriented mutual fund that
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Trade Theory and Development
Here, it is also assumed that barter economy prevails in the countries. Two countries produce two different goods and these two goods are produced and exchanged between the countries. No monetary transaction is involved in this aspect and the economies are involved in trading of one good in exchange of the other.The consumption function is homothetic i. both the countries consume the two goods at a fixed proportion, regardless of the level of income. More specifically, two countries with
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Financial Checkup
The ratio is the division of liquid assets for the net worth statement by the monthly expenses from the income and expenses statement. It is recommendable that the result got after calculating the ratios should be 3.0 and above. However, in this case, the ratio is below 3.0 the ratio is at 0.663, which is not quite recommendable at all. This is, therefore, an indication that my firm as far as income and expenditure are concerned. To increase the basic liquidity ratio, I must, therefore, reduce
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Analysis of audit risk areas of Mobile Streams Plc
The records of such minutes and any other documentation supporting the transaction should be evaluated. In an effort to safeguard the interests of the shareholders, the auditor should satisfy himself that the disposal was done at an arms length and that the proceeds realised represent the fair market value. Independent valuations may, therefore, be required. The auditor should obtain the documents containing information about the disposal and check that the cash records coincide with those
Pages: 5 (1250 words), Essay
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Revenue Recognition Project
For example, FASB_and IASB_accounting concepts affirm Bristol_Myers Squibb_entity’s revenue is correctly recorded in the accounting books since the arrangement contracts were signed by current and future business customers (Stice 11). The sales (revenue) amount is recorded in the accounting books if there is a very high assurance that the customers will be able to pay their purchase liabilities within the foreseeable future. Likewise, the company includes the revenue amounts in the accounting
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