Why would Aunt Zhang in the EcoPak Inc. case want audited financial statements even if she has
Question:
Why would Aunt Zhang in the EcoPak Inc. case want audited financial statements even if she has to pay extra for them?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
By obtaining more accurate or reliable information about the company ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
WW Development Inc. (WW), a real estate developer, was incorporated in Canada in 1975 by two brothers, Peter and David Wang. In the 1980s and 1990s, WW was quite successful. In early 2002, Peter and...
-
a. Evaluate the implications of the evidence you noted above. 1. What are the implications of your direct findings for fair presentation in the financial statements? You may assume that it is your...
-
Would firms engage auditors to certify their financial statements even if they are not required to do so? Also discuss why reputation is an auditor's primary asset.
-
A psychologist conducts an experiment on rats. She puts a rat in a cage having three rooms labeled 1, 2, and 3, as shown in Figure below. L Figure: a cage with 3 rooms and 5 doors. The rats are...
-
Paragon Tire Co.'s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2016. The physical inventory indicates that $2,734,800 of merchandise is actually...
-
Find the magnetic moment of a planar spiral with inner radius a and outer radius b composed of N turns of a filamentary wire that carries a steady current I. a b
-
In 1940, the family of Thomas Back entered into an oil-and-gas lease with the Inland Gas Corporation. The lease held that Inland would pay to Backs family 12 cents per thousand cubic feet of gas...
-
Steve Jackson (age 51) is a single taxpayer living at 3215 Pacific Dr., Del Mar, CA 92014. His Social Security number is 465-88-9415. In 2014, Steves earnings and income tax withholding as the...
-
In return for an investment of $34318 in a fixed interest security, you will receive $134 at the end of each half year plus your money back on redemption in 12 years. You intend to deposit all the...
-
The Lauren Shur Tub Company manufactures two lines of bathtubs, called model A and model B. Every tub requires blending a certain amount of steel and zinc; the company has available a total of 25,000...
-
What does the concept reasonable assurance refer to? How does it relate to information risk reduction?
-
What conditions create demand for financial reports, and who produces financial reports for external users?
-
Describe the major characteristics of bonds.
-
Research the Internet for olive oil from Greece, which is considered to be the third largest producer of olive oil in the world after Spain and Italy. How much variation does there seem to be in the...
-
Explain the relationship between price and marginal revenue for a perfectly competitive firm and for a monopolistically competitive firm. Why is the relationship different for these markets?
-
Suppose that there are small, but nontrivial, barriers to entry into a monopolistically competitive market. How would this affect the long-run profitability of firms in the market?
-
Explain why the demand for a monopolistically competitive firms product variant is more elastic than the demand for the product overall.
-
Unmondo SpA is proposing to replace its old DVD stamping machinery with more modern equipment geared towards the blu-ray technology. The new machinery costs 9 million (the existing machinery has no...
-
Ogonquit Enterprises prepares annual financial statements and adjusts its accounts only at the end of the year. The following information is available for the year ended December 31, 2017: a....
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
Give some examples of receiving departments in the audit application cases above.
-
Why is professional skepticism important for auditors? Give two case examples.
-
What evidence could the verbal enquiry audit procedure produce in Audits 12.1, 12.2, and 12.3?
-
Can you elucidate the principles underlying genome organization and chromatin structure, including the roles of topologically associating domains (TADs) and chromosomal territories in gene regulation...
-
State three ways of using artificial intelligence and machine learning in marketing and explain each use case with two examples.
-
discuss the principles of population genetics, including allele frequency distributions, Hardy-Weinberg equilibrium, genetic drift, and natural selection, and how these concepts inform our...
Study smarter with the SolutionInn App