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Question - Your firm is responsible for the audit of Pick and Pay Ltd, a listed company with a year ended 31 December 2020. A court case began in October 2020 involving an ex-employee who is suing Pick and Pay Ltd for unfair dismissal. A confirmation letter was received from the company's lawyers on 10 January 2021, which estimates that damages of $60,000 are probable to be paid. The amount is material. The financial statements for the year ended 31 December 2020 include a note disclosing the court case and quantifying the potential damages but the amount is not included in the Statement of Financial Position or the Income Statement.
Explain whether the current treatment of the probable damages in the financial statements for the year ended 31 December 2020 is appropriate.
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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