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Question -
What's the difference between assurance and non assurance services? Give an example of each that a cpa firm would perform.
Give two examples of external factors which would influence your assessment of inherent risk at a company and why.
What's the difference between assurance and non assurance services? give an example of each that a cpa firm would perform.
Your client is wants to know three differences between a review and an audit. What would you tell them?
Your client is a public company and because of covid you're unable to observe the physical inventory at year end at several remote locations to establish revenue and receiving cutoff. You determine this issue is neither material nor pervasive. However, inventory is a critical audit matter for the auditors and the company meets the threshold requiring critical audit matters be included in the report, and also meets the threshold for an auditors report on internal controls. What type of audit report would you issue and why?
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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