Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For each of the following scenarios, identify the appropriate reporting opinion by selected matching option from the listed provided. Assume that any financial statement effect is material.
1. The scope of the auditor's examination is affected by conditions that preclude the application of a necessary auditing procedure.
2. The auditor decides to make reference to the report of another auditor as a basis, in part, for expressing an opinion.
3. The financial statements are affected by an alternative accounting treatment that is a departure from GAAP. The use of GAAP would cause the statements to be misleading.
4. GAAP Principles have not been applied consistently, but management was justified in making the change. And the change was accounted for prospectively, the new method is an acceptable under GAAP.
5. Doubt about the company's ability to continue as a going concern is fully disclosed in the notes to the financial statements.
6. The financial statements are subject to an uncertainty that will likely result in a material loss. Management has been unable to estimate the amount of potential loss, but has properly disclosed the details of the situation.
7. The company changed its method of valuing inventory, but management did not have appropriate justification for the change. The change is properly disclosed in the financial statements.
8. A predecessor auditor's unqualified opinion for a prior year's report on comparative financial statements is not presented.
9. Required supplementary information is omitted from the financial statements.
10. The auditor wishes to emphasize the acquisition of newly acquired companies.
A. Standard unqualified opinion
B. Unqualified opinion with explanatory language
C. Qualified opinion
D. Qualified opinion or adverse opinion
E. Qualified opinion or disclaimer of opinion
F. Adverse opinion
G. Disclaimer of opinion
H. Adverse opinion or disclaimer of opinion
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
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd