What is the projected savings for the firm?
The firm manufactures a global positioning system (GPS) that sells for $2,000, with cost of goods sold (hardware 30% and software 70%) of 55% of sales. Compared to the United States, China offers a 7% cost reduction in electronics manufacturing hardware and a 45% reduction in software programming. India offers a 32% reduction in software programming costs. So far, you have been unable to determine whether India has the facilities to undertake the hardware manufacturing. The firm has to invest $300 million. As far as China is concerned, you can send hardware and software manufacturing to China or India.
You have been asked to lead a team to study and create a report for the executive team on both countries as business opportunities. As a group, study both China and India to make your calculations and recommendations as follows.
Group Deliverable (8–10 slides with in-depth presenter notes, excluding title and reference slides)
Risk is a significant factor. Identify each of the risk factors for each country (political stability, exposures of transaction, interest rate, operating, and translation); currency exchange rates; currency controls; skilled labor; facilities; infrastructure; each country’s track record in using foreign direct investment (FDI); and any history of political corruption and roadblocks to establishing a going concern business.
Explore the expected GDP growth of each country and the forecast exchange rates to the U.S. dollar. Based on the forecast exchange rate with the U.S. dollar in 1 and 2 years, should the $300 million investments be paid for immediately, hedged, or paid 50% ($150 million) in 1 year and 50% in 2 years?
What is the projected savings for the firm?
What is the new cost of goods sold percent of sales for each of the countries?
What are your recommendations on choice of country?
How can your firm arrange the business to be most profitable?
Assume the following:
Using the current spot rate for the yuan exchange rate, the 12 -month forward rate is showing a 1.5% weaker U.S. dollar, and the 24-month forward rate of exchange is showing a 2.4% weaker U.S. dollar.
Using the current spot rate for the rupee exchange rate, the 12 -month forward rate is showing a 1.0% weaker U.S. dollar and the 24-month forward rate of exchange is showing a 2.0% weaker U.S. dollar.
Include in-text citations as well as a list of references using APA style.
Individual Deliverable (2–3 body pages)
Investigate and back up your decision on the question of whether or not it would be more ethical to invest the money in the U.S.
Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System athttp://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releasesand other financial information available on the company’s Investor Relations website to evaluate the following items.
Independent Auditor’s Report
Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Audit Committee
Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.
Independent Registered Public Accountants
Identify the company’s independent registered public accounting firm.
Determine how long this firm has served as the external auditors.
Determine other services, if any, provided to or on behalf of the company.
Determine fees paid to this firm by type of service provided.
Discuss changes in or disagreements with the accountants on accounting and financial disclosures, if any.
Reports of the Independent Registered Public Accountants
Review the report of the independent registered public accounting firm on internal controls. Determine if the report and its contents meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
Review the report of the independent registered public accounting firm on the audited financial statements. Determine what type of opinion was issued and whether the work performed meets the criteria of COSO and the PCAOB, in addition to GAAP and GAAS.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices containing financial analysis) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:
The type of auditor’s report that was issued.
What kind of evidence the auditors found which indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Roles, responsibilities, and objectives of internal and external auditors.
Types and assessment of audit and Internal control risks.
Ethical standards in auditing and the implications of unethical behavior.
Internal control system, its role in a business and its significance in the auditing process.
Use of computer assisted auditing techniques.
GAAS, GAAP, PCAOB, and COSO requirements for audits of publicly traded companies.
Probation and parole are terms mentioned frequently in the media, but rarely do you hear detailed explanations of what they entail. What exactly do those terms mean, and why would one criminal be given probation as opposed to intermediate sanctions? It has already been established in your readings thus far that the criminal justice system is fluid and requires a balance of perspectives, personnel, communities, laws, and institutions to uphold the societal concept of justice.
The corrections aspect of the criminal justice system is the branch that is capable of the most rigidity, but it is actually very flexible in terms of discretion when allocating correctional punishments. These are based on the individual’s history, severity of the crime, behavior while in the corrections system, and propensity for recidivism. Based on those factors and whether the particular federal, state, or local system aligns with a particular perspective on punishment or rehabilitation, a criminal may serve more or less time in confinement—or none at all, as in the case of probation. The specific objectives of each correctional approach or “punishment” vary, and the effectiveness of those approaches oftentimes depends on the system as much as it does on the criminal.
Focus on the use of probation, parole, and intermediate sanctions in the corrections system.
Consider the objectives, effectiveness, and efficiency of probation, parole, and the variety of intermediate sanctions. In what ways are they similar in terms of these three characteristics? In what ways do they differ?
Think about which of the three practices you believe is most useful and why.
Reflect on the information you have learned about jails, prisons, and correctional practices and entities, and think about how diversity and ethics impact correctional processes, approaches, and facilities, including their personnel and inmates.
The assignment (2 pages): Due by Sunday 10/04/15.
Compare one similarity and one difference in the objectives, effectiveness, and efficiency of probation, parole, and intermediate sanctions. Be specific and use examples to illustrate your points.
Using what you learned from the comparison, explain which approach you think is most useful and why.
Identify and explain one diversity or one ethical issue related to correctional processes, approaches or facilities. Be specific and use examples to illustrate your points.
Support your work with specific citations from the Learning Resources. You are allowed to draw from additional sources to support your explanation, but you must cite using APA standards. All quoted material must be identified, cited, and referenced per APA standard
Review all of the resources provided for developing your resume and letter of intent and review any feedback provided by your instructor for the drafts in the previous Session.
In addition, reviewing the attached resume and letter of intent checklists will serve as a final check, as these include many of the details your Instructor will use to assess you work. Review these along with your work carefully, BEFORE submitting your final drafts
Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System athttp://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releasesand other financial information available on the company’s Investor Relations website to evaluate the following items.
Independent Auditor’s Report
Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Audit Committee
Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.
Independent Registered Public Accountants
Identify the company’s independent registered public accounting firm.
Determine how long this firm has served as the external auditors.
Determine other services, if any, provided to or on behalf of the company.
Determine fees paid to this firm by type of service provided.
Discuss changes in or disagreements with the accountants on accounting and financial disclosures, if any.
Reports of the Independent Registered Public Accountants
Review the report of the independent registered public accounting firm on internal controls. Determine if the report and its contents meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
Review the report of the independent registered public accounting firm on the audited financial statements. Determine what type of opinion was issued and whether the work performed meets the criteria of COSO and the PCAOB, in addition to GAAP and GAAS.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices containing financial analysis) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:
The type of auditor’s report that was issued.
What kind of evidence the auditors found which indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Roles, responsibilities, and objectives of internal and external auditors.
Types and assessment of audit and Internal control risks.
Ethical standards in auditing and the implications of unethical behavior.
Internal control system, its role in a business and its significance in the auditing process.
Use of computer assisted auditing techniques.
Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System athttp://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releasesand other financial information available on the company’s Investor Relations website to evaluate the following items.
Independent Auditor’s Report
Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Audit Committee
Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.
Independent Registered Public Accountants
Identify the company’s independent registered public accounting firm.
Determine how long this firm has served as the external auditors.
Determine other services, if any, provided to or on behalf of the company.
Determine fees paid to this firm by type of service provided.
Discuss changes in or disagreements with the accountants on accounting and financial disclosures, if any.
Reports of the Independent Registered Public Accountants
Review the report of the independent registered public accounting firm on internal controls. Determine if the report and its contents meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
Review the report of the independent registered public accounting firm on the audited financial statements. Determine what type of opinion was issued and whether the work performed meets the criteria of COSO and the PCAOB, in addition to GAAP and GAAS.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices containing financial analysis) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:
The type of auditor’s report that was issued.
What kind of evidence the auditors found which indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Roles, responsibilities, and objectives of internal and external auditors.
Types and assessment of audit and Internal control risks.
Ethical standards in auditing and the implications of unethical behavior.
Internal control system, its role in a business and its significance in the auditing process.
Use of computer assisted auditing techniques.
GAAS, GAAP, PCAOB, and COSO requirements for audits of publicly traded companies
You have been hired by ABC as a consultant. They are currently facing a union organizing campaign. You have been asked to write a briefing for senior management. Your report must address:
1. The basic differences, from the employer’s viewpoint, in operating in a union-free environment vs. a unionized environment
2. What are management representatives permitted to say and do during the campaign. Any, actions or statements that are prohibited.
EC and Creating Audit Report
Select a publicly traded company using the U.S. Securities and Exchange Commission (SEC) EDGAR System athttp://sec.gov/edgar/searchedgar/companysearch.html and submit to the instructor for approval. Please note that each student must research a different company. Once the instructor has approved the company selection, obtain the Annual Report (Form 10K) and Proxy Statement (Form DEF 14A) of the company for the immediate past fiscal year. Review these documents in addition to Earnings Releasesand other financial information available on the company’s Investor Relations website to evaluate the following items.
Independent Auditor’s Report
Based on the selected public traded company, what type of auditor’s report was issued on the financial statements.
What kind of evidence the auditors found that indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Audit Committee
Identify members of the Audit Committee of the Board of Directors, its functions, and number of meetings held.
Determine if the composition of this committee satisfies Public Company Accounting Oversight Board (PCAOB) requirements in terms of independence and accounting knowledge.
Review the audit committee report and discuss Committee actions. Determine how these actions ensure the integrity of the audited financial statements.
Independent Registered Public Accountants
Identify the company’s independent registered public accounting firm.
Determine how long this firm has served as the external auditors.
Determine other services, if any, provided to or on behalf of the company.
Determine fees paid to this firm by type of service provided.
Discuss changes in or disagreements with the accountants on accounting and financial disclosures, if any.
Reports of the Independent Registered Public Accountants
Review the report of the independent registered public accounting firm on internal controls. Determine if the report and its contents meet the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the PCAOB.
Review the report of the independent registered public accounting firm on the audited financial statements. Determine what type of opinion was issued and whether the work performed meets the criteria of COSO and the PCAOB, in addition to GAAP and GAAS.
Prepare a 10-12 page research paper (excluding title page, abstract, references page, and appendices containing financial analysis) in APA format that presents the findings of your analysis of the company’s SEC filings. Your paper should also discuss the following:
The type of auditor’s report that was issued.
What kind of evidence the auditors found which indicated the company did not follow Generally Accepted Accounting Principles (GAAP).
Roles, responsibilities, and objectives of internal and external auditors.
Types and assessment of audit and Internal control risks.
Ethical standards in auditing and the implications of unethical behavior.
Internal control system, its role in a business and its significance in the auditing process.
Use of computer assisted auditing techniques.
GAAS, GAAP, PCAOB, and COSO requirements for audits of publicly traded companies