Week 7 You Decide Course Project
Keller Graduate School of Management
Question 1 The Securities and Exchange Commission (SEC) would only have influence over Smackey Dog Foods, Inc. if they are a publicly listed company or if they register to become a publicly traded company. The SEC assists investors by providing reliable information to investors so they can make informed investment decisions. If Smackey Dog Foods, Inc. becomes a public company, they would need to provide financial statements along with an opinion about the financial statements by an independent public accountant along with the registration statement and subsequent financial reports (Arens, Elder, and Beasley, 2010).
Question 2 There are four things involved in
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This can lead to an understatement of inventory, understatement of sales returns, and overstatement of accounts receivable which is the proposed collateral for the new loan. Analytical procedures should be applied to the determination of commission that is being paid to Smackey salespeople. The commissions on the average are off by 11 percent showing that they may not be reasonable. The auditors also need to perform the analytical procedures for inventory to determine if the inventory is being misstated. This would be a concern due to the amount of waste and returns. The test of details of balances will need to be done on the accounts receivables to determine if they are properly stated.
Question 4 Keller needs to discuss the weaknesses in Smackey’s internal controls with Sarah as the president and manager of operations. The internal control issues that need to be pointed out are the lack of separation of duties in the inventory production and records, the improper classification of accounts receivables, and improper checks on performance of the sales personnel. As soon as Keller became aware of the significant deficiencies in the internal controls of Smackey, they are required to notify in writing to the governing bodies of Smackey. A
Florence Nightingale, considered the founder of modern nursing, first began to establish nursing as a profession during the Crimean War. Since then, nursing theorists have continued to expand on the thought that patients are made up of more than just the symptoms they present with, Abraham Maslow, Carl Jung, Dr. Larry Dossey and Dorothy Johnson, but none more so than Jean Watson. She developed a theory of human caring that contained several core concepts, these concepts lay forth the ground work for how we, as nurses, should care for a patient. These concepts included transpersonal caring relationships (going beyond ego to higher “spiritual” caring
Unit: 654 Manage disciplinary processes in health and social care or children and young people's settings.
I will refer to a particular service user I support as (A). 2years ago (A) was assessed and deemed a risk to their self in the community and within the house when alone with out staff support during the hours of 8am and 9pm but at night (A) had appropriate measures in place to ensure safety at night, door
Nestled in Southern Indiana just west of Louisville, Kentucky and south of Indianapolis, Indiana is Dubois County, Indiana. Dubois County is comprised of the towns of Birdseye, Ferdinand, Holland, Huntingburg and Jasper. Of those towns, Jasper is the largest and is the county seat (Kelly School of Business, 2014). Over fifty-two percent of the population consists of adults ranging from 25-64 years of age (Kelly School of Business, 2014). The leading cause of mortality in this county is heart disease, cancer, suicide and injuries (Memorial Hospital and Health Care Center & Dubois County Health Department, 2011).
Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc.
After going through the case of Margie Whitson, the dilemma is the fact that Margie is looking to have her pacemaker removed which will in turn would end her life. So far, Margie Whitson has had a rough year and has come to the decision that she wants her pacemaker deactivated because she believes it is delaying her death. Her pacemaker is the only thing keeping her heart beating at this point. But even at that, her doctor, Dr. Vijay, refuses to deactivate it due to the fear of legal action/misunderstandings of the ethical and legal acceptability. Margie Whitson is very determined to have her pacemaker removed so she call for Jane Robison, the social
The SEC (Securities and Exchange Commission) has a great influence on the audit of Smackey Dog Foods, Inc., which is conducted by Keller CPAs.
b. The emperor Kangxi led the conquest of the island of Taiwan , home to Chinese and Japanese pirates, in 1681. Struggles with a new rival to the north and northwest, manchurians , led to constant conflict and extensive territorial gains for China.
What is the probability of rolling a four in the gambling dice game of craps (given two six sided dice)? 3/36 or 8.33%. What is the probability that a player can roll a four 3 times in a row (assume that rolling the dice each time does not affect the outcome of the next roll)? 3/36 x 3/36 x 3/36 = 27/46656 = 3/5184
As the Chief Executive Office of Middlefield Hospital, it has been brought to my attention by the Chief Financial Officer that our financial performance has been deteriorating for the past six (6) months. It has also been brought to my attention that the new facility has been admitting more new patients and our admissions have been declining. The number of uninsured patients has increased over this period of time. The management team has identified some other interesting facts that are possibly hurting the reputation of Middlefield Hospital. My determination is that the financial performance of Middlefield Hospital needs to be improved.
Which of the following would not be considered an external user of accounting data for the Julian Company?
My best post-secondary option is Point Loma Nazarene University (PLNU) in San Diego, CA. To find this out, we watched an exemplary video, which showed us the six main post-secondary pathways; University, Military, Apprenticeship, College, Directly to Work, and Private Training. Next, we had to explore career options based on our interests, considering the areas we will need to study most, the skills required, and the level of education needed. Then, with the end career in mind, we chose three of the best options under the pathway that pleased us most; mine being a University. Finally, we considered all criteria of each of the Universities and chose which one best fit our needs. In the end, PLNU was the best fitting option for me.
Loneliness can impose a challenge to Mary due to many factors such as cultural differences, finances and nostalgia. In reference to finances one issue which becoming more apparent is the fact that expats automatically assume that they are moving to a “like-for-like” situation with regards to the cost of living. The cost of living in Dubai is relatively higher than majority of countries in the West because it is an expensive country to live in, Mary must address this “like-for-like” mind set and inform interested applicants prior to hiring and/or through orientation. Cultural differences between East and West is noticeable in Dubai although Dubai is more lenient compared to other countries in the region, cultural clashes may cause expats to feel isolated. Reminding and reinforcing to expats that choosing to move to a region which has a different culture adaption is key first and foremost. Moving to another country will be a new experience for expats to adjust the move and being away from home may be difficult for some, Mary must take into consideration all these variables associated to loneliness.
Choosing and using the right accountant or accountancy company for your business, whether it is large or small, can be an important decision. Few people recognize that just about anyone can arrange themselves up running a business and advertise and label themselves as an accountant.
Two days had now passed since Jenny and Hannah found out about Luke’s alter-ego in a shocking demonstration, put on by a frustrated Luke. Tensions are still running high amongst everyone in the office since everyone in the office knew about Luke’s dark side and kept it from Jenny.