Is there one or more package(s) which appear to be the most commonly-used commercial integrated general- purpose accounting software used by small businesses?

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Using AIS: What Is the Problem?

RESEARCH QUESTIONS
The original research question examined which of the general purpose accounting software packages are the most
prevalent in modern small businesses. However, early in the data gathering process, it became apparent that a large number of small businesses were not using such software.
This unexpected discovery did not affect the methodology of the study, the data collection process, or the data already
collected or yet to be collected. It did, however, raise two new questions. Thus three formal research questions were formulated before data analysis was begun:

RQ1: Is the adoption of commercial integrated general-purpose accounting software as ubiquitous as the literature seems to assume?

RQ 2: Is there one or more package(s) which appear to be the most commonly-used commercial integrated general-
purpose accounting software used by small businesses?

RQ 3: Why did small businesses choose their particular accounting software packages over other packages, or decide not
to use such packages at all?

Describe a selected company, its operations, and its associated industry that recently was subjected to financial fraud and evaluate these areas for strengthening corporate financial governance practices.

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Governance Strategies

For this assignment, you will select a different company than in the prior assignments and one that was recently exposed to financial fraud. The fraud could be an internal or external type of financial fraud; it is strictly a financial type of fraud. You will evaluate how financial information could have helped early detection of the financial fraud, and how auditing procedures would have helped to mitigate financial risk. You will develop a recommendation for a strategy to develop auditing and monitoring procedures that will improve efficiency, monitoring, controlling, and corporate financial governance practices and also influence financial governance policies. You will address potential risks for ethic violations and how the new procedures will mitigate the risk and justify why these procedures will increase efficiency, monitoring, controlling, and corporate governance.
Describe a selected company, its operations, and its associated industry that recently was subjected to financial fraud and evaluate these areas for strengthening corporate financial governance practices.
Evaluate in detail the financial fraud the selected company was exposed to, citing errors in financial operations, applications of accounting procedures, and lack of accounting oversight that includes any potential unobserved deficiencies.
Recommend a detailed strategy for a selected company with at least three integrated solutions for auditing and monitoring procedures to improve corporate governance of the company’s finances and mitigate financial fraud risk for the company.
Evaluate potential risks in the selected company for ethics violations and how the integrated solutions for auditing and monitoring procedures will mitigate the risk and that is supported with a justification for reducing the risk.
Evaluate at least two industry best practices in a recommendation to the selected company to adopt in its financial governance policies that would increase ethical standards and enhance corporate governance practices.

Who is the designated financial expert on the audit committee? ( cite source) Does the designation as only one individual as a financial expert seem adequate for the complexity of The Company and the requirements of the Sarbanes-Oxley Act?

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SEC Registrant – Part I

Purpose: The primary purpose of this case is to help you become familiar with the content of filings that public companies (“Registrants”) include in various filings that they make with the Securities and Exchange Commission. As a public accountant you will need to be very well versed in all accounting and auditing matters since in the eyes of the SEC, the independent registered public accounting firm is considered “Expert” in accounting and auditing.
Required: To successfully complete this case you will need to search for and analyze various reports and information contained on the selected Company’s web site and/or on the SEC web site and perhaps, other sites as well. The financial and proxy information should be from the most recently filed Annual Report on Form 10 K (which for many companies on the list could be the year ended December 31, 2020) and the Proxy Statement, which for December 31, 2020 year-end companies was most likely filed in the March to May, 2021 timeframe. In preparing your report, where noted in each question, please set forth the exact source of the information you cite for each question. (For example – Form 10 K, Item 1, Business). For some questions, you may wish to include a copy of certain documents as an attachment to your case.

PICK YOUR OWN COMPANY – INDIVIDUAL PROJECT

Briefly describe (and cite source for each):
the company,
the location of its corporate headquarters,
its business,
its area of operations,
major products
operating segments,
major competitors,

Describe at least 5 risk factors and the possible impact on the Company if it does not successfully manage these risks. ( cite source)
Why would auditors want to know about their clients’ business-related risks?

Describe The Company’s audit committee and its duties. (cite sources for each)
Who is the designated financial expert on the audit committee? ( cite source) Does the designation as only one individual as a financial expert seem adequate for the complexity of The Company and the requirements of the Sarbanes-Oxley Act?
Review the audit committee’s report and describe its primary contents.
Describe the Audit Committee Charter

Who is the auditor for The Company? ( cite sources for each)
What were the fees charged for audit services for each of the last two fiscal years?
What were the type and amounts of other fees for services for each of the last two fiscal years?
Describe and conclude on the process used by the Audit Committee to determine the independence of the independent registered public accounting firm.
Formatting: Your response should not exceed 2 single spaced pages (note the increase in page limit). Please review your syllabus for all other formatting and submission guidelines. The due date for this project is also indicated on your syllabus.

 

SEC Registrant – Part II
Purpose: The primary purpose of this case is to help you become familiar with the content of filings that public companies (“Registrants”) include in various filings that they make with the Securities and Exchange Commission. As a public accountant you’ll need to be very well versed in all accounting and auditing matters since in the eyes of the SEC, the independent registered public accounting firm is considered “Expert” in accounting and auditing.
Required: To successfully complete this case you will need to search for and analyze various reports and information contained on the selected Company’s web site and/or on the SEC web site and perhaps, other sites as well. The financial and proxy information should be from the most recently filed Annual Report on Form 10 K (which for many companies on the list could be the year ended December 31, 2020) and the Proxy Statement, which for December 31, 2020 year- end companies was most likely filed in the March to May, 2021 timeframe. In preparing your report, where noted in each question, please set forth the exact source of the information you cite for each question. (For example – Form 10 K, Item 1, Business). For some questions, you may wish to include a copy of certain documents as an attachment to your case.

USE THE SAME COMPANY THAT WAS ASSIGNED TO YOU IN PART I

Name of Company and date of annual report examined.

The Sarbanes-Oxley Act of 2002, modified the requirements in the Exchange Act rules such that, effective starting in 2002, principal executive officers of publicly traded companies must include certain certifications in the annual report on Form 10K and also in the quarterly reports on Form 10-Q.
Name each certification report in the annual report on Form 10K and the section of the Sarbanes Oxley act that requires it
Specify the name and title of the executive officer who signed each of the certification reports included in the annual report on Form 10K. ( cite source for each)
Why do you think Congress felt that it was necessary to require executive officers to make affirmative claims such as these reports and certifications?

What are related party transactions?
Why do related party transactions pose a risk to audit firms?
Read about the related parties at The Company. Are there any situations that cause you particular concern?

Read management’s report on internal control ( cite source)
What did management conclude about the effectiveness of its internal controls?
What basis did management use to make that assessment?
Did the auditors agree with management’s assessment of the effectiveness of its internal controls?
Does the Company have any comments made by the staff of the SEC that were unresolved when its latest Form 10K was filed?

Read the report of the independent registered public accounting firm for The Company. Notice that the report clearly articulates differential responsibilities on the part of management versus the audit firm.
Why is it important that the audit firm articulate these responsibilities in this way?
Name the independent registered public accounting firm
What type of opinion did the independent registered public accounting firm render on the latest financial statements?
Were there any modifications to the report of the independent registered public accounting firm. If so, describe the modification and the reason for it

Based on your research and readings about the Company state and explain your conclusion about whether the independent registered public accounting firm should continue to serve as the auditor for the Company.

Formatting: Your response should not exceed 2 single spaced pages (note the increase in page limit). Please review your syllabus for all other formatting and submission guidelines. The due date for this project is also indicated on your syllabus.

Discuss the importance of leadership by drawing on a case study/news/personal experience. What have you learnt from this case study/news/personal experience about the connection between leadership and social development?

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King’s College London – MSc Leadership and Development

Course Link (Must Read): https://www.kcl.ac.uk/study/postgraduate-taught/courses/leadership-and-development-msc

Paragraph 1 & 2: This paragraph is intended to demonstrate critical thinking skills and awareness of the key issues related to leadership studies specifically in the realm of how it affects countries’ development
Discuss the importance of leadership by drawing on a case study/news/personal experience.
What have you learnt from this case study/news/personal experience about the connection between leadership and social development?
What is your view? How does this example inspired you to specialise in Leadership and Development following your undergraduate degree in Accounting and Finance?

Paragraph 3:
Discuss about why you are the perfect candidate. Pitch yourself, the skills you have demonstrated throughout your academic years that are relevant to this course. In the course link, they have mentioned the skills required for the programme and you should explain that you possess these skills through examples
Undergraduate Background: Bachelor of Commerce with Majors in Accounting and Finance from University of Melbourne
You need to link your academic background to this master’s degree you are applying to.

 

Paragraph 4:
Using an internship experience, demonstrate that this job experience has introduced me to public policy consulting work, and how that inspired me to specialise in the area of leadership study. The company name can be created according what you like but the internship should be said to have happened in China.
In this job experience, you need to be quite detailed in explaining your contribution in the work and how that links to your motivation to pursue MSc leadership and development

Paragraph 5:
Discuss about why you want to study at King’s College London and specifically why at African Leadership Centre at KCL.
Please visit https://www.kcl.ac.uk/alc/research and choose one research paper and briefly discuss the strength of the paper and why that demonstrate the research capabilities of KCL.
Also please research other points that are good about KCL

 

As a Financial Analyst employed by a leading FTSE 100 company, you have been requested to assess the suitability of an investment in one of two companies, In respect of their ability to create wealth for your firm’s pension fund.

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Corporate Financial Decision-making

As a Financial Analyst employed by a leading FTSE 100 company, you have been requested to assess the suitability of an investment in one of two companies, In respect of their ability to create wealth for your firm’s pension fund.

To do this you should investigate buying shares in either Diageo plc or 3i Group plc, both listed on the London Stock Exchange (DGE and III). In your role as Financial Analyst, you should help in critically evaluating whether either share would be a good investment to aid in the continuing growth of your organisation’s pension fund.

Briefly describe the relevant accounting and tax rules, how the company’s situation fits into those accounting and tax rules.

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Accounting for income taxes

Do not list bullet points, or jump to conclusion. Instead, write in a memo format. Talk about the accounting issue, briefly describe the relevant accounting and tax rules, how the company’s situation fits into those accounting and tax rules. Most importantly, how you reach conclusions based on your judgements and evidences.

The attached file (case) is the case you need to read and write one page. The attached file (rules) are the rules to help you write one page.Don’t use outside sources. No need for sources. Write 3 to 4 sentences about the VALUATION ALLOWANCES then the rest of the page write about what is asking in the requirement.

 While not explaining every item in the SEC 10-K, your paper should tell a story and illustrate your mastery of accounting terms and concepts. 

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Accounting

TWO PART PROJECT DESCRIPTION

Part 1:  Written Report: SEC 10-K Analysis
Using the Internet, access the SEC 10-K annual report for a publicly-traded company of your choice.
You must select a company that is publicly traded and has inventory and accounts receivable. Most students find the SEC 10-K annual report at their company’s web site in sections such as About Us and / or Investor Relations. Look for SEC and Annual Filings (you will often find drop-down menus to click). You must research and secure the SEC 10-K Annual Report for the most recent year. Save the file to your computer for access. Do not print as the report is usually 100 pages or more. Post the name of your company, the SEC 10-K web link, and how you found the SEC 10-K in the SEC 10-K discussion for approval by your professor.
Review the company’s MD&A as well as financial statements and the accompanying footnotes. Use this information to prepare your “analytic” results. The SEC 10-K report and the materials from our class are the only resources you should use. Avoid a copy and paste approach except for the presentation of financial statements.
The content of your paper should focus on accounting issues and include words used in our accounting class, including financial accounting as well as managerial accounting.  Include details you learned this semester.
Use terms from our class along with the research and financial analysis completed for your SEC 10-K company. The use of headings will label the sections in your paper. You should present inventory turnover, days sales in inventory, days sales in accounts receivable, and other financial ratio analysis from our course, both for the current year and as they relate to changes in accounts from one year to the next. Your goal is to explain the financial statements and the information of the SEC 10-K with the knowledge you learn from our class. While not explaining every item in the SEC 10-K, your paper should tell a story and illustrate your mastery of accounting terms and concepts. No more than one page should be devoted to your company’s history and non-financial information.

Part 2:  PowerPoint Presentation
A PowerPoint presentation (no more than 10 slides) will also need to be prepared to summarize and cover the highlights of your paper.  Please post the presentation in the designated SEC 10-K discussion near the end of the semester to share with other students.  Read your classmate’s presentation and provide comments to at least one other posting.
After the discussion week, you should review your PowerPoint presentation and submit the final version in the assignment folder. This is the PowerPoint file to be graded. The PowerPoint Presentation discussion is part of participation and designed to assist you in creating your final project.  However, if you fail to participate in that discussion it may affect the ‘grade’ for your PowerPoint Presentation.  Don’t miss the easy points!

Explain here how you came to the conclusion above, relate back to the case and be sure to cite primary authority. Explain how that primary authority relates to the facts of this case.

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Research Memo

Facts
Paraphrase the relevant facts. Remember that this is going to the client’s file and be reviewed and used by someone unfamiliar with the case.
Issue: State the most important issue in the form of a question?
Conclusion: Answer to the question above in one to two sentences.
Analysis 1
Explain here how you came to the conclusion above, relate back to the case and be sure to cite primary authority. Explain how that primary authority relates to the facts of this case. For example if you find a court case where the court findings are helpful to your argument explain how the facts in that case are similar to the facts of the client. This should be at least a paragraph or two in length for each source. At least one primary source per issue, all citations included in the memo inline. Inline citation example: “Pursuant to IRC§123 income earned by a taxpayer which is not related to blah blah blah would be taxable.” Repeat the same process for each issue.

Evaluate the corporate governance failures and weaknesses that have led to problems of the chosen company (HSBC) and the consequences of weak corporate governance experienced.

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Corporate governance

 

Corporate Governance: the examination of relationship within the organisation, those involved in the management of the organisation and external stakeholders: The section should include such things as:

Internal Corporate Governance Mechanisms: structure, substance, and purpose (e.g., board effectiveness, the role of non-executive directors, and remuneration structures)
External mechanisms, especially the role of institutional investors.
Shareholder and stakeholder perspectives in an ethical context
Employees and Ethics
(approx. 500 words- 15 Marks)

Evaluate the corporate governance failures and weaknesses that have led to problems of the chosen company (HSBC) and the consequences of weak corporate governance experienced.
(approx. 750 words 25 Marks)

How does the use of the materials requisition help control the issuance of materials from the storeroom?

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BAM 110 Unit 3

How does the use of the materials requisition help control the issuance of materials from the storeroom?