Critically evaluate the usefulness of variance analysis where variances occur due to changes which are beyond the control of the organisation.

Pharma-flex manufactures medical testing kits for sale to healthcare providers. The company has established the following standard mix for producing one batch of a chemical compound required in one of its kits. Chemical Grams Standard cost per gram BD2 84 £3.60 AX4 51 £2.40 YF1 22 £8.10 The compound has a short shelf life and […]

Briefly explain why there are differences in the two closing inventory values for the two methods and why LIFO is not allowed under IFRS.

Below are the company’s sales and purchases transactions for the year 2020. January 1, 2020Opening inventory£0February 5, 2020 Purchases 16,000 units at £3 per unit April 8, 2020Purchases 8,000 units at £4 per unit May 11, 2020Sold 20,000 units at £8 per unit July 15, 2020Purchases 16,000 units at £5 per unit August 20, 2020Sold […]

Discuss basic concepts of performance evaluation, particularly results control. Discuss issues of financial vs. non financial performance in this context.

Prepare a draft of a memorandum for Smith to pre-sent to her colleagues and management that includes, but isn’t limited to: ◆ What roles do performance-evaluation and reward systems play in organizations? Discuss individual vs. team-based performance evaluation in this context. Are these roles relevant for all types of organizations and employees? To what extent, […]

Explain your understanding of ‘sufficient appropriate evidence’.Identify and describe using suitable and relevant examples TWO procedures that the auditor would use to obtain audit evidence.

Under ISA 500 “Audit Evidence” auditors must design and perform audit procedures to obtain sufficient appropriate audit evidence to enable the auditor to form an audit opinion. Explain your understanding of ‘sufficient appropriate evidence’. Audit evidence can be obtained from a variety of different sources. Identify the main sources of audit evidence and their degree […]

Discuss what ethics theories underpin each of these ethical decisions.Identify and critically evaluate the issue-related and context-related factors that will impact on the ethical decision making.

Business Ethics and Social responsibility Research the current pandemic situation in the developing and poorer economies and provide a brief description of this and what provision will be needed to protect their populations. Identify and critically evaluate the issue-related and context-related factors that will impact on the ethical decision making. The Pharmaceutical companies Governments in […]

Briefly explain the mission and focus of the two organizations you selected and cite at least two sources for your information.

Briefly explain the mission and focus of the two organizations you selected and cite at least two sources for your information. Select a topic that one of the organizations is currently focused on, or one that they consider a pressing issue or “hot topic.” Summarize what the organization you selected is doing to address the […]

Discuss the company’s ability to meet short-term obligations and fund operations and capital projects, and give the results of operations.

Complete an MD&A that includes the following: • A summary of the current year’s activities. • Discuss the company’s ability to meet short-term obligations and fund operations and capital projects, and give the results of operations. • Provide a financial ratio analysis that includes liquidity, profitability, and solvency. • Discuss the federal tax obligations for […]

Identify which banks had the most decrease in available-for-sale securities and most increase in held-to-maturity securities using XBRL. Then, explain why these banks experienced an increase in such classifications of investment securities by searching financial statements, news articles and other sources.

Business Reporting Language was adopted by the SEC to make financial statements easier to use.This project requires your understanding of the material covered in “Chapter 12 Investments”, basic knowledge of Excel, and XBRL. Goal of the project: Identify which banks had the most decrease in available-for-sale securities and most increase in held-to-maturity securities using XBRL. […]

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