What is the impact of COVID-19 on the external auditor in the practice of work ?
Is there impact of COVID-19 on going concern assessment?
Does remote work have an impact on the work of the external audit ?
Can the auditor obtain sufficient and appropriate audit evidence during the Covid crisis ?
Does the COVID-19 impact on the report of external auditors ?
Recommend weighted average costs of capital (i.e., WACCs) for EPC’s consumer
products, medical devices, and pharmaceuticals divisions respectively? (Remember to
unlever comparable company betas and to use average betas of the comparable
companies in calculating divisional WACCs. Then remember to relever the beta to
represent the target leverage ratio in market value terms.)
2. Recommend the types of investments that should be evaluated using EPC’s divisional
WACCs?
3. Explain what would occur if EPC were to use a single corporate-wide WACC for
evaluating investment opportunities in each of its lines of business? What would be the
likely consequence for the company over time if this were to occur?
4. Calculate EPC’s corporate-wide WACC. (Remember, EPC’s corporate-wide beta is
1.04. This beta is based on EPC’s historical market leverage ratio.)
What do you understand by external environment? Take example of an organization and analyse how they are scanning the following techniques for their business?
1 ETOP
2. SAP
3. Balance scorecard
Where are the main disclosure requirements for PPE, intangible assets, and inventories found in IFRS and in the Accounting Standards Codification? (Provide detailed references.)
For each of the three companies, answer the following questions:
According to the footnote in which the company summarizes its significant accounting policies, what method(s) — historical cost, revaluation (fair value) — does each company use for measuring its property, plant and equipment, intangible assets other than goodwill, and goodwill? What inventory valuation method does each company use? Basically, what do the notes say about these assets?
In which footnote does each company make its detailed disclosures about goodwill and other intangible assets? For each company, is the footnote number indicated on the face of the balance sheet? How many pages long is the goodwill footnote and basically, what does the note say about this asset?
Did any of the companies recognize any impairment charges against property, plant and equipment, goodwill or other intangible assets, and if so, how much? Did the company record any reversals of prior impairment charges, and if so, how
Do any of the companies report a revaluation surplus for any assets, and if so, were there any changes in the revaluation surplus? If so, how much and what does the note basically say about it?
Professor wants each question to answer with minimum of 350 words or more, and also provide an example of each question below. attached some related document for topic, and the garden place case.
The Garden Place: Case post questions.
1. Outline and explain the purpose and use of journal entries (Provide one example)
2. Outline and explain the purpose of t-account (Provide one example)
What sector/industry would you invest in?
What region/geography would you focus on?
Would you invest alone or partner?
How do you believe you will realize returns from the investment?
Questions
What are the key strategic issues facing Laurent, and how can ABC costing assist in resolving these issues?
Questions
Classify each of the activities as a unit-level, batch-level, product-level, or facility-level activity.
Identify a potential cost driver for each activity in requirement 1.
Activity Levels and Cost Drivers Steve’s Slop Shop, a small hamburger shop, has identified the resources used in
its operations (assume each customer’s order is a batch for this example):
Questions
Classify its costs as unit-level, batch-level, product-level, or facility-level costs.
Suggest a possible cost driver for each of the above items.
Activity-Based Costing in the Fashion Apparel Industry Fleet Street Inc., a manufacturer of high-fashion clothing
for women, is located in South London in the UK. Its product line consists of trousers (45%), skirts (35%),
dresses (15%), and other (5%). Fleet Street has been using a volume-based rate to assign overhead to each
product; the rate it uses is £2.25 per unit produced. The results for the trousers line, using the volume-based
approach, are as follows:
Recently, Fleet Street conducted a further analysis of the trousers line of product, using ABC. In the study,
eight activities were identified, and direct labor was assigned to the activities. The total conversion cost (labor
and overhead) for the eight activities, after allocation to the trousers line, is as follows:
Pattern cutting
Questions
Determine the profit margin for the trousers line using ABC
Comment on the difference in comparison to the volume-based calculations.
Research needed on the related research proposal. We can continue with the three main research objectives and main research questions outlined in the introduction as well as the hypothesis. just looking at getting the topic title signed off from my professor alongside the sections below.
Research Design
Research Method
Sample method
Data analysis
The original outline was to use hermeneutic content analysis and thematic analysis for the qualitative side and regression analysis for the quantitative side. Would you agree this is the best way forward?
been advised they’re looking for the following layout –
“Traditionally, there are 5 chapters:
Introduction (10%), Literature Review (30%), Research Methods (15% – to include consideration of ethical issues), Analysis, Findings & Discussion (25
%), Conclusions and Recommendations (15%) and Presentation and referencing (5 %).”
ACCOUNTING
Which one, or which multiple, of the four main corporate governance functions of the board of directors is the Section 172 (1) statement intended to fulfil? Explain your answer.
(4 marks)
Comment on the relation between the scope of the corporate governance perspective of Section 172 (1) of the Companies Act 2006 and the scope of the corporate governance perspective in the requirement of the Corporate Governance Code 2018 to issue a Statement 172 (1).
(3 marks)
Comment on the extent to which the S172 statement above fulfils the requirement of the Corporate Governance Code 2018. Explain for each stakeholder group what could be improved and why. Assume that the five stakeholder groups have been identified correctly.
(8 marks)
Is the audit opinion Deloitte LLP issued regarding the financial statements of Marks and Spencer PLC for the 52 weeks ended 28 March 2020 an unmodified or a modified opinion? Explain your answer.
(3 marks)
In respect of Marks and Spencer PLC’s write down under the Inventory provisions for UK Clothing and Home, comment on how the auditors will have ensured that it is true and fairly stated?
(8 marks)
In your own words, explain:
What the going concern assumption is
How any material uncertainties over Marks and Spencer PLC’s ability to continue as a going concern contribute to the three types of risk that constitute Deloitte LLP’s audit risk.
Watch the video below and write a three to four paragraphs summarizing the contents of the chapter and video. In your posts you want to discuss production process and how we account and record Direct Labor, Direct Materials and Overhead in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and Credits in detail. Also discuss similarities and differences between job order and process costing. Don’t forget to discuss accounting for equivalent units.
Youtube Video you need to watch – https://www.youtube.com/watch?v=GJGklGGbCzw&ab_channel=Farhat%27sAccountingLectures
Also you don’t need to double space because will be posting it as a discussion.
Only source you can use is the video- IMPORTANT
