Based on the Statement of Profit or Loss of Sime Darby Berhad of the group, we have chosen the sale of goods, which is from the revenue. The revenue for the group represents sale of goods, performance of services, income from property development activities, construction contracts and rental income earned outside the group, net of discounts, allowances and liquidated ascertained damages. From the sale of goods, the group can earn revenue. According to Sime Darby’s Statement of Profit or Loss for the year ended 30 June 2015, the Group had earned RM37096.80 from the sale of goods. Auditors should execute management assertions in order to make sure that there is a true and fair view in the financial statement. Management assertions are assertions by management which is responsible for the …show more content…
External confirmation means that auditors can get audit evidence as a direct written response to the auditor from a third party, in electronic medium, paper form or other medium. Auditors can seek confirmation about details in the accounting records of the organization from external sources. There are four factors to verify the external confirmation’s reliability which are written or oral confirmation, the nature of the information being confirmed, past experience with the organization and the party or person who is giving the confirmation. In Sime Darby Berhad, auditor can ask the third party directly about the details in the accounting records in order to make sure that all transactions recorded in the financial statement are correct and are actually occurred. For example, auditor can collect receivable confirmation on their balances to ensure that the amount of sale of goods which is RM37096.80 are recorded appropriately and are actually happened in the business. The level of reliability of external confirmation reach at the medium
CCIB received an Incident Report from the LTCO Maged Mansour (213) 351-6433 regarding resident Maria Alcantara. The SOC 341 states that Maria disclosed to facility staff and her Day Program staff that residential facility staff member Gloria G hit her in her back. Once notified by of incident the facility staff notified the administrator Kendal Woods (323) 208-0133. According to the RP the incident is under investigation. The suspected abuser would be suspended pending
4. External audits are performed by Third party agent or outside agents. 5. Audit is performed by an organization free from customer supplier
Thank you for the quick response. I spoke to John Burns about COMP 1125 and COMP 1200 during Fall '14 semester and he was going to take care of waiving those courses. COMP 1200 is a prerequisite for COMP 1360. Furthermore, I have already taken a spreadsheet and a database class at another institution, which is why professor Burns was going to make such changes.
Yesterday, Sloan Jackson, age 18 was put on trial for stealing a shirt from Famous Fashions in Merchandise Mall. He supposedly ran out of the store with a lump (which was the same color as the stolen shirt) in his jacket to go to Record Mart because there was a big sale going on. He then was found sitting next to the yogurt stand and the shirt was found in a trash barrel near the yogurt stand. He then ran away from the security guard but he was in the end caught and brought back to the store to return the shirt. At the trial yesterday the jury came to a verdict of being guilty after talking in the jury room for about 10 minutes.
• Some Cases related to Company’s Liability in respect of Tort I. Bettel et al. v. Yim, (1978), 20 O.R. (2d) In 1976, Howard Bettel and some friends entered Ki Yim’s store. After the boys began acting outrageously, an employee asked them to leave. Instead of immediately leaving the property, the boys went to the front of the store and began throwing wooden matches on the sidewalk.
Paradise Hill Medical Center – Case analysis 1. Recognize the background: the key of this step is to understand the medical issues involved. The medical issue in the Paradise Hill Medical Center (PHMC) was that 22 oncology patients received excessive doses of radiation therapy. The patients have not been informed yet that they received and overdose of radiation. The CEO alleged that it was the responsibility of the medical staff to inform the affected patients, and the medical team decided not to inform them about the error.
The total value of the firm has been calculated with the help of PV of cash flows and the continuing value and it shows an amount of
For example, according to Parliament of Canada, this service enacted by Diefenbaker was extremely important when it states, "In 1964, the Royal Commission on Health Services, ...recommended that the federal government establish a public medical care insurance plan similar... In response to the report of the Hall Commission, the federal government introduced in 1966 the Medical Care Act,..." (http://www.parl.gc.ca/Content/SEN/Committee/371/soci/rep/repintmar01-e.htm). ANALYSIS John Diefenbaker initiated the Royal Commission by going to the monarch to request information about laws pertaining to medicine. He believed that something was not right in the system and decided to do something about it.
Stephanie Keene was born at Fairfax Hospital in Virginia, the United States. At the time of her birth, she was missing most of her brain, including the cortex; only the brainstem, the portion of the brain responsible for autonomic and regulatory functions, such as the control of respiration, the heartbeat and blood pressure, had developed during pregnancy. Keene 's mother had been notified of her condition following ultrasonography,and was advised to terminate the pregnancy by her obstetrician and neonatologist but chose to carry the child to term because of "a firm Christian faith that all life should be protected. "The hospital believed that care provided to the baby would be futile,while the mother believed mechanical breathing support must
Management can be defined as getting the maximum efficiency and effectiveness out of a set of activities. A manager carries out this process. My chosen company for this project is Microsoft.
1.0 INTRODUCTION It is an essential to have clear understanding of an organization’s purposes to understand how organization works and its method of working can be improved. Usually, general objectives lead to clarification of purposes and responsibilities at all level of organizations. Management is the process of communicating, coordinating and accomplishing action in the pursuit of organization objectives while managing relationship with stakeholders, technologies and other artifacts, both within as well as between organizations. (Kinicki)
Analysis of Financial Statements Student number: 10221450 Word count: 2993 words Excluding Bibliography Course code: B9AC106 Course title: Financial Analysis Lecturer: Mr. Enda Murphy Company: Whitbread PLC Table of Contents 1. Whitbread plc 3 Financial Ratio Comparison 6 1.1 Profitability Ratio 6 1.2 Liquidity Ratio 9 1.3 Efficiency Ratio 11 2. Intercontinental hotels group plc and Ratio Comparison with Whitbread 12 3. 10% Stake in Intercontinental Hotels Group PLC 13 Conclusion 16 Market Value and Book Value
Contemporary management involves many aspects of management. These aspects include planning, leading, organising and controlling operations to achieve certain organisational goals. When comparing different management levels it is evident that at all levels emphasise the importance of using resources effective and responsibly. Managers should be able to build their own as well as their subordinates’ skills, regarding decision making, monitoring information and supervising personnel are which are essential to success. Managers have great responsibilities, these responsibilities include managing a diverse work force, maintaining a competitive edge, behaving ethically and using emerging technologies.
Brief summary British Columbia box limited Vancouver factory was headed by the plant manager Mr.PaulFlynn. BCB also had sister plants in Burnaby, Vitoria and Toronto .BCB was a part of large international company which specialized in manufacturing of packaging materials . Paul was looking for new machinery in early 2002 as the current machine was 18 years old and it demanded huge investments in terms of maintenance. He also wanted to expand his business and hence was looking for a machine with higher productivity.