Essays on Financial Accounting

With the big boom of the telecommunications industry within recent years, many telecom companies are looking for ways to expand their base and grab that incremental part of market share. The advancement of technology causes a greater consumer demand to fulfill the voids of older, less effective communication methods. Technology and growth are the means…

Audit Other Investments – includes the examination Of Investments and Other Assets (the patent). 112 Examine Interest Income. Points to Remember This is an excellent opportunity to emphasize that when you audit an asset there is usually an expense created also. Notice there are a lot more audit procedures in the audit program then required…

Overview Andre Pires, with over 15 years experience in the automobile industry opened a automobile parts store, in mid-western region of United States. Business had picked up significantly well over the years and Andre had more than doubled the store size by the third year of operations. Andre’s knowledge of finance and accounting was limited…

What is the weighted Average Cost of Capital for Marriot Corporation? WACC for Marriott Corp is 11.89 WACC of divisions: Lodging 10.29, Restaurant 13.49, Contract Services 13.615 a) What risk-free rate and the risk premium did you use to calculate the cost of equity? We used 8.95% as the risk free rate (LT Government Debt) and…

Larry Yung, Chairman of Citic Pacific Limited, has a decision to make. He must decide if he should invest in property and build the “Citic Tower II”. Under the current conditions, the current net present value is negative, which is one of the factors that Larry is using to decide. Another concern is that the…

Accounting criterions issued by the IASB ( International Accounting Standards Board ) are known as International Accounting Standards. Companies that are locally listed, every bit good as those that are non, are under duty to utilize their fiscal statements in the states that have accepted those criterions.HistoryHistorically, the International Accounting Standards started in the mid-1960aˆ?s,…

Summary MarineCorp was the maritime solution provider for the SURIA group of companies. It had two subsidiaries which are Green Port Sdn Bhd and Sungai Emas Port Sdn Bhd. Hafiz Hasyim is the person who is responsible to report financial performance in the company. He is one of the Boards which is CFO in organizational…

Finding another vendor to support the systems would be difficult, f not impossible. The Georgia site has also purchased a vendor developed software and application. This server is running a UNIX operating system with Windows client workstations. With this disparity between facilities, the accounting systems are not running as smooth as Ordain desires. Ordain would…

Facts: Melvin Corporation and Vivian Company made an agreement on January 1, Year 1, to unconditionally exchange assets. Melvin agreed to transfer a building that had a cost of $100,000 but an appraised value of $300,000 on January 1 of Year 2. Meanwhile, Vivian agreed to transfer a boat that initially cost $250,000. As of…

1. Executive summary Tencent is a Chinese internet conglomerate engaging in internet valued added services (IVAS), mobile valued added services (MVAS) and online advertising and e-commerce. The internet services industry in China is at the growing stage due to technological advances leading to higher internet and mobile penetration within the country at a lower cost,…