Essay about Case 1 Internal Audit

LabCo must determine if their accounting policy for the revenue treatment of its construction contracts is reasonable, if it is appropriate for LabCo to change its method of accounting for the Halibut contract from the percentage-of-completion method to the completed-contract method and how the change should be treated on the basis of the guidance provided within ASC 250, and how LabCo’s accounting policy and accounting for the Halibut contract may change under IFRS if adopted in the coming year. This memorandum will provide support for how the overall conclusion, based on the issues above, was reached.

Case 12-02 To Recognize or Not to Recognize, That Is the Question Shakespeare Inc. (“Shakespeare” or the “Company”) is a privately held book printing and publishing company with a December 31 year-end. The summary balance sheet as of December 31, 2010, included: Current assets Noncurrent assets Total assets Current liabilities Noncurrent liabilities Total liabilities Total shareholder equity $ 6,500,000 28,250,000 $34,750,000 $ 4,500,000 13,750,000 $18,250,000 $16,500,000

Shakespeare Inc., a private publishing company issued its F/S on March 20, 2012. There were several accruals and events that the management of Shakespeare is considering to determine if they should be recognized or disclosed in Dec 31, 2011 F/S. In my opinion, the important things to focus on subsequent events are the period they effect and if their influence is material or not, so that in conclusion, the F/S are fairly presented.

in order to obtain stronger or more persuasive evidence, the “bank balance” reported by the

Lombardi's sizable pizza creations were baked in giant coal-fired ovens. Because of their size, the pizzas were rarely eaten by one person at one sitting, so Gennaro began selling his pizzas by the slice. A whole Lombardi's pizza cost only a nickel, and half a pie cost two cents.

The applicants are morally correct as long as their action promotes their long term interest. If their action produces or will produce for them a greater outcome of good, versus evil in the long hall than any other alternative, than that action is the right one to act on, and the individual should take that to be a moral act. An Assessment of Morality by Ethicsinbusiness.net

b.What are the amounts and timing of the acquisition investment’s free cash flow from 2013 through 2022?

Question #1: How would Sheryl Sandberg’s leadership style be described based on the four behavioral leadership styles?

We have been provided with demand distributions for pizza based on past experience and know that Tom will

350 slices of pizza are eaten by Americans every second, there are approximately 61, 269 pizzerias in the United States, each serving around 61,000 customers per year. In the pizza store layout simulation I will examine, identify, and discuss points of process performance and metrics within the pizza business. This paper will also discuss alternative ways to run processes and apply the learning curve concepts to test the alternative against the existing process. This paper will also discuss how good the initial process data is compared to the new alternative. The objectives of this assignment

depending on store needs) which includes 15 minutes break. All the breaks in India are included

Question 1. What competences has IBM had to invest in arising from its transformation from a ‘product-centric’ to a ‘service-centric’ organization?

In problem identification, the appropriate conditions and needs to determine the pizza information system were first recognized through relevant domestic and overseas researches. For this analysis, the pizza parlour or restaurant operation was understood to have an encouraging environment for better understanding of how the pizza parlour or restaurants work generally. Consequently, the style of the brand new system was nearer to the data needs from the pizza industry.

The feeling you get while waiting for the pizza is unbearable. Your stomach begins to growl and it feels like you haven't ate in days you, you feel extremely restless and irritated. All you want is pizza. You begin to pace back and forth, back and forth, trying to consume time, doing anything to keep your mind off the fact that your tremendously hungry. Sitting up and sitting down, trying to clean up to make room for the pizza. You start checking your phone for the time almost every 2 minutes. It seems like you've been waiting forever and the pizza man is never

More emphasis should be given on “on the job training” because the employee learns the work in the actual environment by his immediate supervisor.