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As you know, you are a part of the Department for New Audit Client Research of a national audit & assurance firm RAA LLP. The PIC is interested in your group conducting some additional planning-level audit steps related to the cvs Pharmacy. a) What are the Professional Standards and Guides Directly Relevant to using Advanced Analytics? B)Prepare a summary of recent research on advanced analytical methods in F/S auditing emphasizing what our audit team can apply to actual audits. Begin your review with the classic study published by Stringer [1975] published in the Journal of Accounting Research. C)[ Simple Trend-line Regression]: Using a simple regression approach: Determine an unaudited amount for total 2014 revenues based on the 3 quarters of unaudited data available and an estimate of fourth quarter using same increase from 3rd quarter as in 2013
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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