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Kevin, a practising accountant,has been asked by an audit client to undertake an engagement involving implementing an IT information and control system. The client requests that, in setting up the new system and during the period prior to conversion to the new system, KevinCounsel on potential expansion of business activity plans.Search for and interview new personnel.Hire new personnel. Train personnel.In addition,the client requests that,during the three months subsequent to the conversion,KevinSupervise the operation of the new system.Monitor client-prepared source documents and make changes in basic IT-generated data as Kevin may deem necessary without the concurrence of the client.Kevin responds that he may perform some of the services requested but not all of them.
Required:Which of these services may Kevin perform,and which of them may Kevin not perform?Before undertaking this engagement,Kevin should inform the client of all significant matters related to the engagement.What are these significant matters.If Kevin adds to his staff an individual who specialises in developing computer systems, what degree of knowledge must Kevin possess in order to supervise the specialist's activities?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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