A. Telecommunications Entities (Access the financial statements of PLDT Inc. and Globe Telecom, Inc.) How...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A. Telecommunications Entities (Access the financial statements of PLDT Inc. and Globe Telecom, Inc.) · How do telecommunication entities account its revenue in relation to SMS, Voice and Data/Internet? Is there a difference if the subscriber's plan is prepaid or postpaid? · Is impairment of receivables a key issue for telecommunication entities? Explain. · Is writedown of inventories a key issue for telecommunication entities? Explain. Is impairment of property, plant and equipment a key issue for telecommunication entities? Explain. · What are the key audit issues for telecommunications entities? How should the auditors address such issues? B. Media and Entertainment Entities (Access the financial statements of ABSCBN Corporation and GMA Network, Inc.) - What are the key revenue streams for media and entertainment entities, and how are they accounted for? - Media and entertainment entities have significant intangible assets in relation to its artistic outputs. How should they account (recognition and measurement) for such intangible assets? What are the key audit issues for media and entertainment entities? How should the auditors address such issues? C. Common to Telecommunications and Media and Entertainment Entities · How should telecommunications and media and entertainment entities account for its legislative franchises? A. Telecommunications Entities (Access the financial statements of PLDT Inc. and Globe Telecom, Inc.) · How do telecommunication entities account its revenue in relation to SMS, Voice and Data/Internet? Is there a difference if the subscriber's plan is prepaid or postpaid? · Is impairment of receivables a key issue for telecommunication entities? Explain. · Is writedown of inventories a key issue for telecommunication entities? Explain. Is impairment of property, plant and equipment a key issue for telecommunication entities? Explain. · What are the key audit issues for telecommunications entities? How should the auditors address such issues? B. Media and Entertainment Entities (Access the financial statements of ABSCBN Corporation and GMA Network, Inc.) - What are the key revenue streams for media and entertainment entities, and how are they accounted for? - Media and entertainment entities have significant intangible assets in relation to its artistic outputs. How should they account (recognition and measurement) for such intangible assets? What are the key audit issues for media and entertainment entities? How should the auditors address such issues? C. Common to Telecommunications and Media and Entertainment Entities · How should telecommunications and media and entertainment entities account for its legislative franchises?
Expert Answer:
Answer rating: 100% (QA)
Section A Telecommunication entities account for its revenue in relation to SMS Voice and DataInternet through the following 1 The amount of calls voice made or the duration of the call 2 The number o... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date:
Students also viewed these accounting questions
-
Access the financial statements of two companies, one that you have heard is experiencing significant financial problems or that has entered bankruptcy, and another that you have heard is relatively...
-
The following data are taken from the financial statements of McKee Technology Inc. Terms of all sales are 2/10, n/60. a. For 2010 and 2009, determine (1) the accounts receivable turnover and (2) the...
-
The following data are adapted from the financial statements of Bettys Shops, Inc.: Total current assets . . . . . . . . . . . . $ 1,200,000 Accumulated depreciation . . . . . . . $ 2,400,000 Total...
-
DFI of real sequences with odd harmonics only Let x(n) be an N -point real sequence with N-point DFT X(k) (N even). In addition, x(n) satisfied the following symmetry property: x(n + N/2) = -x(n) n =...
-
On December 31, 20X2, an insurance company purchased $10 million of 10-year, 10% debentures for $8,852,950. On December 31, 20X3 (after all interest payments and amortization had been recorded for...
-
If the data we are using in a time series analysis increases or decreases over time, which type of pattern is occurring? a) Level or horizontal b) Trend c) Seasonal d) Cycle
-
Choose two of the velocity profiles and corresponding boundary layer parameter formulas presented in Table 9.2. Plot the thickness of the boundary layer and the wall shear stress versus \(x\) for...
-
How do manufacturing costs flow through inventory accounts?
-
If f(x)=(8x3+9) and g(x) = -(9x + 19), then d dx [(2)-9(2)] -0
-
Profitability remains a challenge for banks and thrifts with less than $ 2 billion of assets. The business problem facing a bank analyst relates to the factors that affect return on assets (ROA), an...
-
For the following system function, specify the number of zeros located in the finite s-plane: 8-S3 s2 + 2s + 4 H(s) = = write your answer as a whole number using numeric characters.
-
You have \($9800\) to invest. You decide to invest \($19,000\) in Google and short sell \($9200\) worth of Yahoo! Googles expected return is 14% with a volatility of 27% and Yahoo!s expected return...
-
Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of \($30\) per share. HHI has 23 million shares outstanding, as well as \($70\) million in debt. The founder of HHI, Harry...
-
You are a consultant who was hired to evaluate a new product line for Markum Enterprises. The upfront investment required to launch the product line is $13 million. The product will generate free...
-
Zymase is a biotechnology start-up firm. Researchers at Zymase must choose one of three different research strategies. The payoffs (after-tax) and their likelihood for each strategy are shown below....
-
Natsam Corporation has \($250\) million of excess cash. The firm has no debt and 350 million shares outstanding, with a current market price of \($20\) per share. Natsams board has decided to pay out...
-
Please discuss cadbury technology enabled operation management...please give detailed analysis of how a technology can be used to improve performance of an operations
-
If a test has high reliability. O the test measures what the authors of the test claim it measures O people who take the same test twice get approximately the same scores both times O scores on the...
-
How are interest rate risk and reinvestment rate risk related to the maturity risk premium?
-
What is an opportunity cost rate? How is this rate used in discounted cash flow analysis, and where is it shown on a time line? Is the opportunity rate a single number that is used to evaluate all...
-
Calculate the 2011 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. How does Computrons utilization of assets stack up against other firms in its...
-
In testing the claim that the mean IQ score of statistics students is greater than 100, the alternative hypothesis is expressed as > 100. Decide whether the statement makes sense (or is clearly...
-
In testing a claim about a population mean, a larger z test statistic always results in a larger P-value. Decide whether the statement makes sense (or is clearly true) or does not make sense (or is...
-
A handy mnemonic for interpreting the P-value in a hypothesis test is this: If the P (value) is low, then the null must go.
Study smarter with the SolutionInn App