Finance and Investment Cycle - 1386 Words

Finance and Investment Cycle I. Introduction A. Special purpose entities B. Transaction: less frequent, large and complex C. Focus of control activities: authorization of transactions amp; compete of accounting personnel D. Focus of substantive procedures: understanding of the transactions, verifying amounts and calculations, ensuring presentation and disclosures II. Inherent risks E. Lease accounting 1. The classification of operating or capitalized lease is based on the assumption in ASC840 F. Loan covenants 2. Intend to keep the borrower’s financial position at the same level as it was when the bank initiated the loan 3. Covenants restrict payment of†¦show more content†¦When parts of the notes become due: CFO and controller reclassify current/LT x. Calculated liabilities and credits: lease obligation, deferred tax, pension, foreign currency gain/loss, etc. --- try to capture the economic reality by following GAAP 26. Periodic reconciliation xi. Verify number of sh ares: Obtain reports from registrar and transfer agent to verify company’s record of number of shares outstanding agrees with registrar’s number xii. Trustee: handle ownership of bond xiii. Ownership of bond: Obtain confirmation and reports from trustee to reconcile the trustee’s records to the company’s records xiv. Small companies self issue stock by using â€Å"stock certificate book† authorized by board of directors. Responsible person should periodically inspect the stock certificate book to determine if the missing certificate is in possession of owners. (By confirm ownership of shares with the holder of the records) O. Investing transactions: investments and intangibles (3) 27. Authorization xv. High level approval required xvi. Auditing: vouch major acquisition to the documented approval 28. Custody xvii. Negotiable certificate (bond, stock): kept in brokerage account xviii. Negotiable certificate (title to real estate): in the actual posse ssion of client, or in the bank safe deposit box of the company xix.Show MoreRelatedFinance and Internal Controls Essay697 Words   |  3 Pagesï » ¿Finance and Investment Controls Just as all cycles discussed in this proposal the finance and investment cycles are vital to the return of borrowed assessments and the value (and longevity) of the company. Corresponded or intertwined to that of the investment cycle and business cycle, the Finance cycle deals with the company’s ability to pay back investors and entities that have facilitated finance to the company’s mission and vision. The finance cycle commences from the initial moments of obtainingRead MoreRelationship Between The Net Trade Cycle1155 Words   |  5 Pageshighly statistically significant. Soenen (1993) examined the relationship between the net trade cycle as a measure of working capital and return on investment in the US enterprises. The results of chi-square check showed a negative relationship among the length of net trade cycle and return on assets. In addition, this opposite relationship was found to be different across industries. A significance relationship for approximately half of industries studied showed that results might differ from industryRead MoreReport About Dynamic Investments, Capital Structure, And Debt Overhang1394 Words   |  6 Pages Report about Dynamic Investments, Capital Structure, and Debt Overhang Department of Finance National Enterprises Limited Yuqi Gu 23/05/2016 â€Æ' Executive Summary This report mainly discussed findings, methodology, and points from the paper: Sundaresan, Wang and Yang, 2015, â€Å"Dynamic Investment, Capital Structure, and Debt Overhang†. 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Shakespeare’s Brilliant Use of Symbolism - 3556 Words

â€Å"To be or not to be - that is the question† (Kittredge, 993). This is one of William Shakespeare’s best known and used quotes. Many who use it do not even know what piece it is taken from, or what exactly it means. It just sounds like a cool, tragic, Shakespearean quote to use to sound more intelligent. And that is the sad truth. Shakespeare’s works are filled with quotes, soliloquies, and experts, like this one, that are filled with innuendos, imagery, word choice, etc. One very important literary technique used by Shakespeare, in all of his works, is his symbolism, which portrayed Shakespeare’s life, time period, and messages he wished to get across to his audience. He also used his symbolism to satirize whomever he wished. Shakespeare’s†¦show more content†¦(Act III, Scene I, ll 56-69). Hamlet’s uncertainty of death is felt throughout this entire soliloquy. Later in it he says, But that the dread of something after death, The undiscover’d country from whose bourn No traveler returns, puzzles the will, And makes us rather bear those ills we have Than fly to others that we know not of? (Act II, Scene I, ll 78-82). In this expert the traveler and the undiscovered country symbolizes someone traveling in death onto the unknown after life. This entire soliloquy symbolizes Hamlet’s uncertainties of death. One other example of symbolism that is used in Hamlet is a serpent. The serpent, which Hamlet’s father’s ghost refers his uncle to, represents the evil and deceit that the uncle used to get the crown. A serpent, many times in literature, represents something that is secretive, evil, and tempting, just as Lucifer, in the form of a serpent was in the garden of Eden. â€Å"Now the serpent was more crafty than any of the wild animals the Lord God had made† (Genesis 3:1). The ghost of Hamlet’s father says of his uncle, ‘Tis given out that, sleeping in my orchard, A serpent stung me. So the whole ear of Denmark Is by a forged process of my death Rankly abus’d. But know, thou noble youth, The serpent that did sting thy father’s life Now wears his c rown. (Act I, Scene V, ll 35-39). And just as the serpent tempted Eve in the Garden of Eden, Hamlet’s uncle tempted his mother andShow MoreRelated Luhrmanns Movie Version of Shakespeares Romeo and Juliet Essay1095 Words   |  5 PagesLuhrmanns Movie Version of Shakespeares Romeo and Juliet All hopeless romantics get dreamy-eyed and sigh whenever the balcony scene from Shakespeares Romeo and Juliet comes up in conversation. Juliet stands on her balcony, innocently murmuring about her meeting with Romeo while the very subject of her musings eagerly climbs the garden wall and trellis leading up to the object of his love, Juliet. 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Bubble Blower free essay sample

Meandering lazily through the air, the crystalline spheres glimmer in the sunlight. They are certainly in no hurry; while they have everywhere to go, they have nowhere in particular to be. As a light breeze whisks by, the little globes dance playfully, bouncing off each other while showing off their marvelous sheen of colors- fuchsia, indigo, teal, and at the precise angle, a shade of deep gold. With no hesitation, a courageous leader begins its journey as it merges gracefully into the distant sunset with its followers at its wake. Pausing only seconds to admire, I create another band of bubbles, fulfilling my most youthful eccentricity. Throughout my life, I have remained oddly and unusually captivated by bubble blowing. At the age of three, I would sit on the heavily worn, wooden bench in my backyard, arms laden with colorful bottles of soapy solution, organizing my collection of assorted magic bubble wands. We will write a custom essay sample on Bubble Blower or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page My spare hours were spent filling the yard with flawless, circular orbs of varying sizes, and watching in amazement as they drifted aimlessly over the neighbor’s roof or swirled together in the wind, creating a mini simulation of a tornado. In elementary school, bubble blowing proved to be the obvious source of my boundless wonder and tendency to question. As I desperately stared after the floating bubbles, curiosity enveloped my mind. I was baffled as I discovered that some bubbles could occasionally land elegantly upon the waxy surface of a leaf, thoroughly intact, while most self-destructed upon touching any object. The thought that the bubbles could be captured with my miracle wand but not with my bare hands was incomprehensible. Why were some bubbles able to reach seeming unattainable heights, while others were destroyed seconds after their creation? Even at the early age of seven, I sought the explanation. The wonder bubble blowing once brought me as a child, has kept with me through the years. As a seventeen year-old, I now understand the science of bubbles, but continue to sift through the infinite pool of questions and the possibilities that they promise. Every answer I find is only the beginning of a new question, another mystery, another unknown to solve and path to create. Just like for a bubble, for me there is always more to explore. Today, I am both the bubble blower and the bubble that is blown. Ten years later, I still follow the path of each bubble I blow. With every breath, I put a piece of myself into the world, watch it drift away, theorize where the breeze will take me and when my destination will be reached. In these moments, I am both the creator and the adventurer, no longer strapped to the laws of the world, but wholly free. I long for the time spent forming questions, seeking answers, losing myself in the wonder of it all. I yearn to observe, to understand every element of the world, to find the reasons as to why it can neve r all be in order. I am not, however, a typical bubble. When crashing into objects, I do not break. Although carried by the wind, I do not wander aimlessly, but rather move with passion, deliberation, and purpose. Unlike most bubbles, when veering off course, I leave myself a path to come back to. I always find my way, although not hurriedly. Unlike any other bubble, I am not trapped by the chemistry of the Earth’s atmosphere. While in the air, I am invincible.