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Questions - Please refer to the following questions below.
Question 1 - Before procedures using statistical or non-statistical sampling methods begin, the auditor must determine how the sample will be selected. Discuss at least three types of sample selection, when they are used and, generally, how they are used. Give examples.
Question 2 - a) Considering potential analytical procedures relevant to the revenue cycle, identify at least five types of analytics that may be applied in a year's audit to provide evidence.
b) Considering potential substantive tests of revenue identify at least five procedures that may be applied in a year's audit to provide evidence.
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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