A 'Count' Down to IPO
•Download as PPTX, PDF•
0 likes•319 views
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy. http://abf.events/ ABOUT THE PRESENTATION Presentation on "How to prepare and present your numbers to Australian investors" by Greg Ellis, Partner, Corporate Finance, BDO Australia. The presentation covers what Australian investors seek, the regulatory requirements and financial disclosure. Presented at the Fortune Forum 2015 Australian Summit
Report
Share
Report
Share
Recommended
Business Plans & Due Diligence
This document provides an overview and agenda for a presentation on due diligence and business plans. It discusses the key components of business plans, including the executive summary, description of the business, market research, management team, and financial plan. It also summarizes financial due diligence, which involves verifying financial information and assessing a business's performance, and legal due diligence, which involves investigating a business's legal status, contracts, licenses and proceedings. The presentation was given by Maria Nicolaou and Maria Sarantopoulou to provide guidance on developing business plans and conducting due diligence for new business ventures or acquisitions.
Audit engagement letter
This audit engagement letter outlines the agreement between the audit firm and Sheridan Audio Visual Ltd for the audit of the company's financial statements. The audit firm will conduct the audit in accordance with International Standards on Auditing to obtain reasonable assurance that the financial statements are free of material misstatements. Management is responsible for preparing the financial statements in accordance with International Financial Reporting Standards and for establishing internal controls. The audit firm's fees will be billed as the work progresses.
Auditng Ppt(2)
The document discusses the audit process in four phases - planning, execution, reporting, and compliance and substantive procedures. It covers the basic principles of auditing like integrity, objectivity, independence. It also discusses audit risk, documentation, auditor's report and qualifications in reports.
Dipankar Chanda Resume
Dipankar Chanda is seeking a senior level accounting position preferably in Kolkata. He has 9 years of experience in accounting and financial management. Currently he is an Account Executive at Himadri Chemicals & Industries Ltd. He has experience overseeing day-to-day accounting activities, statutory compliances, financial reporting, and tax planning. He has a MBA in Finance and Marketing and is proficient in accounting systems, risk identification, and providing solutions.
STATUORY AUDIT –PLANNING,EXECUTION,.pptx
This document discusses statutory audits, including planning, execution, reporting, and closing. It defines a statutory audit as a legally required review of a company or government's financial statements and records to determine if they accurately represent the organization's financial position. The summary describes how audits are planned and executed by assessing responses and determining results. It also notes that statutory reporting involves mandatory financial and non-financial submissions to government agencies, and that statutory closings allow certain corporations to elect not to have boards of directors.
Cash
This document outlines an audit programme for cash for the client Sheridan AV for the year ending March 31, 2021. It details the audit assertions to be tested regarding cash, including presentation and disclosure, accuracy classification and valuation, rights and obligations, completeness and cut off, and existence or occurrence. The audit objectives and tests to be carried out are described for each assertion, such as analytical procedures, bank confirmations, and bank reconciliations. The auditor found issues with the bank reconciliation not matching the balance in the books and a large amount of cash held outside of the bank.
Lecture 1 introduction-to_audit_and_assurance
This document provides an overview of auditing and assurance services. It defines auditing and distinguishes it from accounting. It describes different types of audits, the need for auditing, and the framework of auditing. It discusses the benefits of financial statement audits, limitations of external audits, and the development of auditing over time. It also covers topics like the principal-agent relationship in auditing, major corporate accounting crises, roles of auditors and users, requirements for becoming an approved company auditor in Malaysia, and the Sarbanes-Oxley Act passed after the Enron scandal.
Financial Accounting & Analysis
The Need for Accounting
Accounting information can be used to assess past financial performance of a company and help predict its future performance.All kinds of organizations—
government agencies, nonprofit organizations, and others —rely on accounting to gauge their progress.
The accounting process begins with a transaction.A transaction is any event that affects the financial position of an organization and requires recording. Many concepts, conventions, and rules determine what events a company records as accounting transactions and how accountants measure the financial impact of each transaction.Financial statements are used to summarize the recorded accounting transactions.
Recommended
Business Plans & Due Diligence
This document provides an overview and agenda for a presentation on due diligence and business plans. It discusses the key components of business plans, including the executive summary, description of the business, market research, management team, and financial plan. It also summarizes financial due diligence, which involves verifying financial information and assessing a business's performance, and legal due diligence, which involves investigating a business's legal status, contracts, licenses and proceedings. The presentation was given by Maria Nicolaou and Maria Sarantopoulou to provide guidance on developing business plans and conducting due diligence for new business ventures or acquisitions.
Audit engagement letter
This audit engagement letter outlines the agreement between the audit firm and Sheridan Audio Visual Ltd for the audit of the company's financial statements. The audit firm will conduct the audit in accordance with International Standards on Auditing to obtain reasonable assurance that the financial statements are free of material misstatements. Management is responsible for preparing the financial statements in accordance with International Financial Reporting Standards and for establishing internal controls. The audit firm's fees will be billed as the work progresses.
Auditng Ppt(2)
The document discusses the audit process in four phases - planning, execution, reporting, and compliance and substantive procedures. It covers the basic principles of auditing like integrity, objectivity, independence. It also discusses audit risk, documentation, auditor's report and qualifications in reports.
Dipankar Chanda Resume
Dipankar Chanda is seeking a senior level accounting position preferably in Kolkata. He has 9 years of experience in accounting and financial management. Currently he is an Account Executive at Himadri Chemicals & Industries Ltd. He has experience overseeing day-to-day accounting activities, statutory compliances, financial reporting, and tax planning. He has a MBA in Finance and Marketing and is proficient in accounting systems, risk identification, and providing solutions.
STATUORY AUDIT –PLANNING,EXECUTION,.pptx
This document discusses statutory audits, including planning, execution, reporting, and closing. It defines a statutory audit as a legally required review of a company or government's financial statements and records to determine if they accurately represent the organization's financial position. The summary describes how audits are planned and executed by assessing responses and determining results. It also notes that statutory reporting involves mandatory financial and non-financial submissions to government agencies, and that statutory closings allow certain corporations to elect not to have boards of directors.
Cash
This document outlines an audit programme for cash for the client Sheridan AV for the year ending March 31, 2021. It details the audit assertions to be tested regarding cash, including presentation and disclosure, accuracy classification and valuation, rights and obligations, completeness and cut off, and existence or occurrence. The audit objectives and tests to be carried out are described for each assertion, such as analytical procedures, bank confirmations, and bank reconciliations. The auditor found issues with the bank reconciliation not matching the balance in the books and a large amount of cash held outside of the bank.
Lecture 1 introduction-to_audit_and_assurance
This document provides an overview of auditing and assurance services. It defines auditing and distinguishes it from accounting. It describes different types of audits, the need for auditing, and the framework of auditing. It discusses the benefits of financial statement audits, limitations of external audits, and the development of auditing over time. It also covers topics like the principal-agent relationship in auditing, major corporate accounting crises, roles of auditors and users, requirements for becoming an approved company auditor in Malaysia, and the Sarbanes-Oxley Act passed after the Enron scandal.
Financial Accounting & Analysis
The Need for Accounting
Accounting information can be used to assess past financial performance of a company and help predict its future performance.All kinds of organizations—
government agencies, nonprofit organizations, and others —rely on accounting to gauge their progress.
The accounting process begins with a transaction.A transaction is any event that affects the financial position of an organization and requires recording. Many concepts, conventions, and rules determine what events a company records as accounting transactions and how accountants measure the financial impact of each transaction.Financial statements are used to summarize the recorded accounting transactions.
Sagar
This presentation summarizes Sagar Sarker's internship experience at Aziz Halim Khair Choudury & Co., an accounting firm. It provides an overview of the firm's profile, Sagar's responsibilities during his internship which included file entry and preparation, and an analysis of cash incentive programs in Bangladesh. The analysis discusses the purpose of cash incentives to encourage exports, the audit process involving document review and incentive amount calculation, and relevant theories around compliance audits. In conclusion, cash incentives are seen as important to Bangladesh's economic development.
Auditing history
The document provides a history of auditing from ancient times to the present day. It discusses how auditing evolved from simple transaction verification to a more risk-based approach focused on evaluating internal controls and sampling. Key developments include the emergence of statutory audits in the 1800s, a shift to the US in the 1920s-1960s, the introduction of materiality and sampling in the mid-1900s, and recent reforms regarding auditor independence and non-audit services. The objectives and role of auditors have changed over time in response to economic conditions and expectations.
Sem 2 Audit Report
This document provides information about audit reports and certificates. It defines an audit report as a presentation of collected facts regarding a company's accounts that informs shareholders about whether the accounts accurately portray the company's financial condition. An audit certificate confirms the accuracy of specific information based on documentary evidence. The document outlines the key components of an audit report according to the Companies Act and discusses important auditing concepts like "true and fair view", types of reports, and the differences between reports and certificates.
Auditor and Director Reports
The external auditor's report provides an opinion on a company's financial statements and whether they comply with GAAP and present a true and fair view. The auditor establishes if the balance sheet, profit/loss accounts agree with books and comply with accounting standards. The auditor's report is addressed to board members and includes the date, type of audit (clean or qualified), and name of the auditing firm. Large auditing firms that provide these reports globally include PricewaterhouseCoopers, Deloitte, Ernst & Young, and KPMG.
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
The accounting concepts/conventions/principles applied are:
- Entity concept - Accounts are prepared for Farhan's small business separately from his personal affairs.
- Going concern concept - The accounts are prepared on the assumption that the business will continue to operate in the foreseeable future.
- Accrual basis of accounting - Revenues and expenses are recognized in the period earned/incurred rather than when cash is received/paid out.
b. The company recorded its land at cost of RM500,000 in 2010. In 2015, the market value of the land increased to RM800,000 but the company did not revalue the land in its books.
Financial Accounting
The Need for Accounting
Accounting information can be used to assess past financial performance of a
company and help predict its future performance.All kinds of organizations—
government agencies, nonprofit organizations, and others —rely on accounting to gauge their progress.
The accounting process begins with a transaction.A transaction is any event that affects the financial position of an organization and requires recording. Many concepts, conventions, and rules determine what events a company records as accounting transactions and how accountants measure the financial impact of each transaction.Financial statements are used to summarize the recorded accounting transactions
Progress of Auditing In India
This presentation is about :-
what is auditing
types of auditing
Advantages of Auditing
Disadvantages of Auditing
Progress of Auditing in India
Role of due diligence in mergers and acquisition
Due diligence is the process of evaluating a potential merger or acquisition by investigating financial, legal and other material information. It helps identify risks and structure the transaction. Key aspects of due diligence include analyzing company documents, reports, contracts and intellectual property. Conducting due diligence helps validate the business plan and mitigate risks to make the transaction successful. It is an ongoing process that continues throughout the alliance between the merging companies.
Resume- Zohaib Yaqoob
Zohaib Yaqoob is seeking a new career opportunity that matches his skills and qualifications. He has over 6 years of professional experience in financial services, banking, capital markets and insurance. Currently working as a Senior Accountant for Gemalto Middle East, he previously held roles at Halliburton Worldwide Limited and PricewaterhouseCoopers. Zohaib is an Associate Chartered Accountant and Member of the Association of Chartered Certified Accountants with a record of strong academic and work performance. He is looking for a competitive work environment with opportunities for career growth.
Resume
Vinay Sharma is a Chartered Accountant with over 15 years of experience in accounting, auditing, taxation, and statutory compliance. He currently works as a Manager at Baxter India Private Limited, where he is responsible for financial reporting, budgeting, process improvements and ensuring accounting standards. Prior to this, he worked at Deloitte Haskins and Sells as an Assistant Manager, handling audit assignments for several large companies.
Kiguru and associates company profile
Kiguru and Associates is an auditing firm licensed to practice as accountants and financial/tax consultants. We place a lot of emphasis in the constant communication with client’s management throughout the course of our engagement. This has a great influence on the effectiveness of our performance and in meeting clients’ expectations.
Show cause og as findings_blving lending corp
The Securities and Exchange Commission (SEC) found material deficiencies in BLVING Lending Corporation's Audited Financial Statement for the year ending December 31, 2012. Specifically, the SEC noted issues with the auditor's report not being fully compliant with standards, missing statements and schedules, misstatements in unearned interest income, and incomplete disclosures regarding loans, revenues, financial risk management, and retirement accounting. As a result, the SEC directed BLVING Lending Corporation to pay assessed penalties of [amount] within 15 days to address the violations of reporting requirements. Failure to comply would result in further legal action.
Auditor's Report
Advanced audit
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Audit report
The document presents an audit report on the true and fair concept in accounting. It defines an audit report as a statement of collected facts that provides clear information to those without full knowledge. An auditor must verify accounts carefully and report whether they accurately present a company's true financial condition according to accounting principles. A true and fair report means accounts follow standards, transactions are properly classified, information is complete, and assets/liabilities are properly valued and reported. The document also distinguishes accounting from auditing and describes types of audit reports.
LV general trifold new1
U.S. importers must correctly quantify value, classify imports, and comply with all import laws or face penalties from aggressive CBP audits. Exporters must also comply with trade laws as noncompliance can severely weaken a company; BIS recommends establishing an export management system. L&V Partners provides cross-functional organizational solutions working with accounting, legal, tax, and trade teams to provide narratives for Sarbanes-Oxley compliance.
Vishal Kumar Resume1
This document provides a summary of K. Vishal Kumar's professional experience and qualifications. It includes:
1) Over 15 years of experience in finance, accounting, auditing, and management roles at various companies including Wolters Kluwer ELM Solutions, Scope International, and Deloitte.
2) Responsibilities have included financial reporting, budgeting, cost optimization, internal controls, statutory compliance, and team management.
3) Educational background includes a Bachelor of Commerce degree and qualification as a Chartered Accountant.
Listing on Sme Exchanges
This document outlines the listing process and requirements for small and medium enterprises (SMEs) to list on Indian stock exchanges. It discusses the key criteria including a minimum paid-up capital requirement of Rs. 1 crore to Rs. 25 crore, minimum net worth and profits, and other post-listing obligations for SMEs seeking to list on exchanges like BSE. It also provides an overview of the roles of merchant bankers, market makers and the obligations of companies throughout the listing process which can take up to 100 days from initial application to obtaining trading approval.
Types of audit opinion
The document is an illustrative independent auditor's report that includes four examples of circumstances that could result in modified opinions.
The first example describes a qualified opinion due to a material misstatement of inventories. The second example describes an adverse opinion due to failure to consolidate a subsidiary. The third example describes a qualified opinion because the auditor was unable to obtain evidence about an investment. The fourth example describes a disclaimer of opinion because the auditor was unable to obtain evidence about a major joint venture investment.
Sample Due diligence report
This document provides a summary of the ice cream industry in India. It notes that the industry is growing steadily at over 15% annually and is valued at over INR 5500 Crore, with the organized sector worth INR 2500 Cr. The western and northern regions account for the largest consumption. Key players include Amul, HUL's Kwality Walls, Mother Dairy, and Baskin Robbins. Players are targeting growth through franchise models, strategic partnerships, product diversification, and increasing per capita consumption. The industry is expected to continue growing at a CAGR of 12% through 2016.
CP155 Article
1. Consultation Paper 155 (CP155) proposes new guidance from the Australian Securities and Investments Commission (ASIC) on making prospectuses clearer, more concise and effective to help retail investors.
2. The proposed guidelines in CP155 will impact how issuers draft prospectuses until the final regulatory guide is released in December 2011. Issuers will have difficulty implementing CP155 without further guidance from ASIC.
3. Key changes proposed in CP155 include requiring a short "investment overview" section, more focused disclosure of business models and risks, and restricting non-essential information like photographs and contracts. Issuers must balance extensive disclosure requirements with ASIC's goal of clear, concise prospectuses.
Future of Audit Reporting_LR.PDF
This document discusses upcoming changes to auditor reporting that will require auditors to disclose key audit matters (KAM) in their audit reports. It summarizes feedback from stakeholders in Australia and New Zealand on the implications and impact of these changes. While stakeholders see potential value in increased transparency and understanding of the audit, they also identify challenges including increased liability, time and costs. The document provides insights from international examples and discussions on how to ensure the changes have their intended benefit without unintended consequences like overly long reports that confuse rather than inform.
Revolutionising Reporting: Why Care?
Revolutionising Reporting: Why Care? is the first in the Future Directions series of the future[inc]. Developed out of a series of meetings globally and two stakeholder events with a range of directors, investors and practitioners held in Auckland and Sydney in March.
There are historic changes coming in what the financial statement auditor will say publicly in their report. For listed entities there will be a section where the auditor explains the main areas they looked at in their audit of that company for the year, and a summary of the audit procedures they undertook to address the matter.
Since auditing began, consistency in how auditors report to shareholders has been a predominant feature. Audit is complex, technical work and consistency in explaining the role and the results of the audit work has taken prevalence.
This is being turned on its head! The increasing demands for transparency of process, to help justify trust, has led to the introduction, for the first time, of unique commentary in the audit report to shareholders. A major change to market communication.
These new requirements will be effective from December 2016 year end’s, though many firms and companies will be trialling it this year. Download your copy.
More Related Content
What's hot
Sagar
This presentation summarizes Sagar Sarker's internship experience at Aziz Halim Khair Choudury & Co., an accounting firm. It provides an overview of the firm's profile, Sagar's responsibilities during his internship which included file entry and preparation, and an analysis of cash incentive programs in Bangladesh. The analysis discusses the purpose of cash incentives to encourage exports, the audit process involving document review and incentive amount calculation, and relevant theories around compliance audits. In conclusion, cash incentives are seen as important to Bangladesh's economic development.
Auditing history
The document provides a history of auditing from ancient times to the present day. It discusses how auditing evolved from simple transaction verification to a more risk-based approach focused on evaluating internal controls and sampling. Key developments include the emergence of statutory audits in the 1800s, a shift to the US in the 1920s-1960s, the introduction of materiality and sampling in the mid-1900s, and recent reforms regarding auditor independence and non-audit services. The objectives and role of auditors have changed over time in response to economic conditions and expectations.
Sem 2 Audit Report
This document provides information about audit reports and certificates. It defines an audit report as a presentation of collected facts regarding a company's accounts that informs shareholders about whether the accounts accurately portray the company's financial condition. An audit certificate confirms the accuracy of specific information based on documentary evidence. The document outlines the key components of an audit report according to the Companies Act and discusses important auditing concepts like "true and fair view", types of reports, and the differences between reports and certificates.
Auditor and Director Reports
The external auditor's report provides an opinion on a company's financial statements and whether they comply with GAAP and present a true and fair view. The auditor establishes if the balance sheet, profit/loss accounts agree with books and comply with accounting standards. The auditor's report is addressed to board members and includes the date, type of audit (clean or qualified), and name of the auditing firm. Large auditing firms that provide these reports globally include PricewaterhouseCoopers, Deloitte, Ernst & Young, and KPMG.
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
The accounting concepts/conventions/principles applied are:
- Entity concept - Accounts are prepared for Farhan's small business separately from his personal affairs.
- Going concern concept - The accounts are prepared on the assumption that the business will continue to operate in the foreseeable future.
- Accrual basis of accounting - Revenues and expenses are recognized in the period earned/incurred rather than when cash is received/paid out.
b. The company recorded its land at cost of RM500,000 in 2010. In 2015, the market value of the land increased to RM800,000 but the company did not revalue the land in its books.
Financial Accounting
The Need for Accounting
Accounting information can be used to assess past financial performance of a
company and help predict its future performance.All kinds of organizations—
government agencies, nonprofit organizations, and others —rely on accounting to gauge their progress.
The accounting process begins with a transaction.A transaction is any event that affects the financial position of an organization and requires recording. Many concepts, conventions, and rules determine what events a company records as accounting transactions and how accountants measure the financial impact of each transaction.Financial statements are used to summarize the recorded accounting transactions
Progress of Auditing In India
This presentation is about :-
what is auditing
types of auditing
Advantages of Auditing
Disadvantages of Auditing
Progress of Auditing in India
Role of due diligence in mergers and acquisition
Due diligence is the process of evaluating a potential merger or acquisition by investigating financial, legal and other material information. It helps identify risks and structure the transaction. Key aspects of due diligence include analyzing company documents, reports, contracts and intellectual property. Conducting due diligence helps validate the business plan and mitigate risks to make the transaction successful. It is an ongoing process that continues throughout the alliance between the merging companies.
Resume- Zohaib Yaqoob
Zohaib Yaqoob is seeking a new career opportunity that matches his skills and qualifications. He has over 6 years of professional experience in financial services, banking, capital markets and insurance. Currently working as a Senior Accountant for Gemalto Middle East, he previously held roles at Halliburton Worldwide Limited and PricewaterhouseCoopers. Zohaib is an Associate Chartered Accountant and Member of the Association of Chartered Certified Accountants with a record of strong academic and work performance. He is looking for a competitive work environment with opportunities for career growth.
Resume
Vinay Sharma is a Chartered Accountant with over 15 years of experience in accounting, auditing, taxation, and statutory compliance. He currently works as a Manager at Baxter India Private Limited, where he is responsible for financial reporting, budgeting, process improvements and ensuring accounting standards. Prior to this, he worked at Deloitte Haskins and Sells as an Assistant Manager, handling audit assignments for several large companies.
Kiguru and associates company profile
Kiguru and Associates is an auditing firm licensed to practice as accountants and financial/tax consultants. We place a lot of emphasis in the constant communication with client’s management throughout the course of our engagement. This has a great influence on the effectiveness of our performance and in meeting clients’ expectations.
Show cause og as findings_blving lending corp
The Securities and Exchange Commission (SEC) found material deficiencies in BLVING Lending Corporation's Audited Financial Statement for the year ending December 31, 2012. Specifically, the SEC noted issues with the auditor's report not being fully compliant with standards, missing statements and schedules, misstatements in unearned interest income, and incomplete disclosures regarding loans, revenues, financial risk management, and retirement accounting. As a result, the SEC directed BLVING Lending Corporation to pay assessed penalties of [amount] within 15 days to address the violations of reporting requirements. Failure to comply would result in further legal action.
Auditor's Report
Advanced audit
For downloading this contact- bikashkumar.bk100@gmail.com
Prepared by Students of University of Rajshahi
Audit report
The document presents an audit report on the true and fair concept in accounting. It defines an audit report as a statement of collected facts that provides clear information to those without full knowledge. An auditor must verify accounts carefully and report whether they accurately present a company's true financial condition according to accounting principles. A true and fair report means accounts follow standards, transactions are properly classified, information is complete, and assets/liabilities are properly valued and reported. The document also distinguishes accounting from auditing and describes types of audit reports.
LV general trifold new1
U.S. importers must correctly quantify value, classify imports, and comply with all import laws or face penalties from aggressive CBP audits. Exporters must also comply with trade laws as noncompliance can severely weaken a company; BIS recommends establishing an export management system. L&V Partners provides cross-functional organizational solutions working with accounting, legal, tax, and trade teams to provide narratives for Sarbanes-Oxley compliance.
Vishal Kumar Resume1
This document provides a summary of K. Vishal Kumar's professional experience and qualifications. It includes:
1) Over 15 years of experience in finance, accounting, auditing, and management roles at various companies including Wolters Kluwer ELM Solutions, Scope International, and Deloitte.
2) Responsibilities have included financial reporting, budgeting, cost optimization, internal controls, statutory compliance, and team management.
3) Educational background includes a Bachelor of Commerce degree and qualification as a Chartered Accountant.
Listing on Sme Exchanges
This document outlines the listing process and requirements for small and medium enterprises (SMEs) to list on Indian stock exchanges. It discusses the key criteria including a minimum paid-up capital requirement of Rs. 1 crore to Rs. 25 crore, minimum net worth and profits, and other post-listing obligations for SMEs seeking to list on exchanges like BSE. It also provides an overview of the roles of merchant bankers, market makers and the obligations of companies throughout the listing process which can take up to 100 days from initial application to obtaining trading approval.
Types of audit opinion
The document is an illustrative independent auditor's report that includes four examples of circumstances that could result in modified opinions.
The first example describes a qualified opinion due to a material misstatement of inventories. The second example describes an adverse opinion due to failure to consolidate a subsidiary. The third example describes a qualified opinion because the auditor was unable to obtain evidence about an investment. The fourth example describes a disclaimer of opinion because the auditor was unable to obtain evidence about a major joint venture investment.
Sample Due diligence report
This document provides a summary of the ice cream industry in India. It notes that the industry is growing steadily at over 15% annually and is valued at over INR 5500 Crore, with the organized sector worth INR 2500 Cr. The western and northern regions account for the largest consumption. Key players include Amul, HUL's Kwality Walls, Mother Dairy, and Baskin Robbins. Players are targeting growth through franchise models, strategic partnerships, product diversification, and increasing per capita consumption. The industry is expected to continue growing at a CAGR of 12% through 2016.
What's hot (19)
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Topic 1 – Part 2 The Accounting Areas And Professional Bodies
Similar to A 'Count' Down to IPO
CP155 Article
1. Consultation Paper 155 (CP155) proposes new guidance from the Australian Securities and Investments Commission (ASIC) on making prospectuses clearer, more concise and effective to help retail investors.
2. The proposed guidelines in CP155 will impact how issuers draft prospectuses until the final regulatory guide is released in December 2011. Issuers will have difficulty implementing CP155 without further guidance from ASIC.
3. Key changes proposed in CP155 include requiring a short "investment overview" section, more focused disclosure of business models and risks, and restricting non-essential information like photographs and contracts. Issuers must balance extensive disclosure requirements with ASIC's goal of clear, concise prospectuses.
Future of Audit Reporting_LR.PDF
This document discusses upcoming changes to auditor reporting that will require auditors to disclose key audit matters (KAM) in their audit reports. It summarizes feedback from stakeholders in Australia and New Zealand on the implications and impact of these changes. While stakeholders see potential value in increased transparency and understanding of the audit, they also identify challenges including increased liability, time and costs. The document provides insights from international examples and discussions on how to ensure the changes have their intended benefit without unintended consequences like overly long reports that confuse rather than inform.
Revolutionising Reporting: Why Care?
Revolutionising Reporting: Why Care? is the first in the Future Directions series of the future[inc]. Developed out of a series of meetings globally and two stakeholder events with a range of directors, investors and practitioners held in Auckland and Sydney in March.
There are historic changes coming in what the financial statement auditor will say publicly in their report. For listed entities there will be a section where the auditor explains the main areas they looked at in their audit of that company for the year, and a summary of the audit procedures they undertook to address the matter.
Since auditing began, consistency in how auditors report to shareholders has been a predominant feature. Audit is complex, technical work and consistency in explaining the role and the results of the audit work has taken prevalence.
This is being turned on its head! The increasing demands for transparency of process, to help justify trust, has led to the introduction, for the first time, of unique commentary in the audit report to shareholders. A major change to market communication.
These new requirements will be effective from December 2016 year end’s, though many firms and companies will be trialling it this year. Download your copy.
Income tax planning
The document discusses various strategies for tax optimization and strategic planning for a company. It identifies key areas like international tax planning, managing expenses, research and development, and leveraging capital investments to create strategic assets that can help optimize taxes and plan for future growth locally and globally. It also emphasizes the importance of compliance, corporate governance and effective tax planning with the right perceptions to manage risks.
Introduction To Financial Statements And Audit
The document provides an introduction to financial statements and the audit process. It defines financial statements as a structured representation of a company's financial position and performance that provides useful information to decision makers. The key components of financial statements are identified as the balance sheet, income statement, statement of cash flows, and notes. Regulatory requirements for preparing and auditing financial statements in Pakistan are outlined for different types of companies. The objectives and need for auditing financial statements are discussed. Important areas of the balance sheet like property, investments, loans, stock, and liabilities are also briefly covered.
The CFO Squad: Flexible, Low Cost Outsourced CFO Services for Private and Pub...
The CFO Squad is a premier provider of a wide range of outsourced accounting and financial business services to both private and public companies, designed to add significant value to a company’s financial health and performance through a low-risk, flexible cost structure. Clients can choose from a comprehensive suite of financial and administrative management solutions for their business. The CFO Squad has a team of seasoned professionals with over 100 years combined experience as public and private company CFOs, including diverse experience in SEC regulatory compliance and reporting, corporate finance, operations management, strategic planning, raising capital, managing and improving cash flow, and handling regulatory and compliance projects. Learn more at www.cfosquad.com.
Audit
An auditing is a systematic process of evaluating evidence to determine if financial statements and internal controls are fairly presented. The main parties that benefit from audits are society through more efficient capital markets, owners and boards through more reliable financial information, and management through credibility. Auditors are responsible for issuing opinions on whether financial statements and internal controls are fairly stated while management is responsible for preparing them.
financial accounting and auditing
The document provides an overview of financial accounting and auditing. It defines financial accounting as the process of recording and summarizing financial transactions and publishing financial reports for external users. It describes the accounting cycle and key financial statements. It also outlines the objectives, principles, benefits, limitations and users of accounting information. The document concludes by distinguishing between financial and management accounting, and defining auditing as the independent examination of an organization's financial data and reporting.
Financial ReportingAnas Alzadjali ST10299Rosli
Financial Reporting
Anas Alzadjali
ST10299
Roslin Lazarus
Introduction
Analysis of different regulatory framework and governance applicable GIC’s investment strategies and current market operations.
Based on the published annual report of GIC for the year 2019.
ASSUMPTION
GIC consider establishing a joint stock company as a part of its expansion plan
This presentation analysis different regulatory framework and governance applicable to GIC’s investment strategies and current market operations based on the published annual report of GIC for the year 2019, with the assumption that GIC is seriously considering establishing a joint stock company with majority controlling interest in Singapore and India as a part of its expansion plan.
2
Continuation
Financial reporting is the declaration of the financial details to the divergent stakeholders concerning the financial operation and the financial position of the firm for a specified period of time.
Financial reporting standards are the keys that defines the practice standards and financial accounting policies and performs as its basis.
Enhances the financial reporting openness in an international position.
Performs as the accounting end product.
Definition
Financial reporting : declaration of the financial details to the divergent stakeholders concerning the financial operation and the financial position of the firm for a specified period of time.
Financial reporting standards: keys that defines the practice standards and financial accounting policies and performs as its basis.
Enhances the financial reporting openness in an international position.
Performs as the accounting end product.
Components of the financial reporting include;
The Financial statement
Notes to the Financial statement
The prospectus
The Management discussion and analysis
3
Elements Of Financial Statement
The financial statement elements are;
Income Statement : Expenses, Revenues, Purchases and Sales
Balance Sheet: Assets , Liabilities and Capital
Cashflow statement: cashflow from operating activities, investment and financing.
Change in equity.
And notes
Financial statement comprise the critical report of the business that gives financial information which can be used by the stakeholders.
The financial statement elements are;
Income Statement covering expenses, revenues, purchases and sales
Balance Sheet covering assets , liabilities and capital
Cashflow statement covering cashflow from operating activities, investment and financing.
Change in equity showing any change in equity over the period
And notes that gives explanations to the statements.
4
Financial Reporting Objective
Financial statements have been prepared in accordance with: International Financial Reporting Standards (IFRSs),
Applicable disclosure requirements of the Capital Market Authority (CMA)
Relevant requirements of the Commercial Companies Law.
Their objectives are:
To provide information concerning the financial posi ...
Financial reporting-II presentation.pptx
Aleena Amjad is presenting on the topic of financial reporting and its implications in capital markets for her Financial Reporting-II course. Financial reporting involves releasing standardized financial statements and information to stakeholders and regulators on a regular basis. It is important for management decision making, investor decisions, and market transparency. Good financial reporting supports well-functioning capital markets by providing reliable information to financial intermediaries and investors. The implications of financial reporting include better financial decisions, debt management, tax simplification, compliance, and financial transparency. Improving the quality and timeliness of financial reporting is critical for capital market development.
Demystifying Financial Reporting A Comprehensive Guide for Businesses.docx
Visit:- https://bluefireaccounting.com/
Financial reporting is an essential aspect of running a business. It provides valuable insights into a company's financial health and helps stakeholders make informed decisions. Whether you're a small business owner or a finance professional, understanding financial reporting is crucial for success. In this comprehensive guide, we will demystify financial reporting and provide you with the knowledge you need to navigate this complex topic.
Why is the process of financial reporting important.pdf
Financial reporting gives information and openness about the operations and financial health of an organisation. It is meant to provide our stakeholders with the right information in the right quantity to make better informed decisions. This applies to external investors, tax authorities or internal controls. Good Financial Reporting & Compliance in Delaware puts various parties on the same page with a single version of the truth and gives credibility to the company and management. On the other hand, fraudulent or inaccurate financial statements can damage a company's reputation and values.
Preparing for IPO or Acqusition - Best Practices for In-House Counsel
This document provides an overview of best practices for in-house counsel to prepare a company for an initial public offering (IPO) or acquisition. It recommends beginning preparation 12-18 months in advance by establishing equity award and document organization practices, communication policies, and insurance. Between 6-9 months out, the company should address corporate governance, financial reporting, and potential M&A activity. In the final 2-3 months, the company focuses on drafting registration documents, establishing external communication processes, and organizing due diligence materials. For acquisitions, the document outlines topics such as engaging advisors, evaluating conflicts, ensuring confidentiality, and addressing antitrust and public company issues.
Audit process
The document provides background information on the history and modern development of auditing. It discusses key aspects of the auditing process including the objectives of an audit, the responsibilities of auditors and management, business and audit risks, audit planning, fieldwork, and reporting. It also outlines the Auditing and Assurance Standards Board and various Philippine Standards related to auditing, assurance engagements, quality control, and related services.
Auditing and Assurance Update on Non-Financial Information
44th World Continuous Auditing and Reporting Symposium Accounting and Auditing in an Artificial Intelligence Environment Foro Fundación Cajasol · Sevilla, Spain
March 21 & 22, 2019
Introduction To Financial Statements And Audit
The document provides an introduction to financial statements and auditing. It discusses the purpose of financial statements which is to provide useful information to users for decision making. A complete set of financial statements includes a balance sheet, income statement, statement of changes in equity, cash flow statement, and notes. The document also outlines the regulatory requirements for auditing financial statements in Pakistan for various types of entities. The objective of an audit is to express an opinion on whether the financial statements present fairly in accordance with accounting standards.
Financial Reporting for Entrepreneurs
The document provides an overview of financial reporting for entrepreneurs. It discusses key financial statements including the balance sheet, income statement, and statement of cash flows. It aims to help entrepreneurs better understand and explain financial statements to demonstrate the growth and strength of their business to various stakeholders. The presentation covers accounting principles, forms of business organizations, and components of the major financial statements.
The new benchmark in business reporting
The Institute of Chartered Accountants in Australia has release its latest leadership paper, Broad Based Business Reporting. The requirements for BBBR by business have intensified in line with the demand for greater
accountability and insight into sustainability performance from the Government and the public in general. This paper provides a pro-forma of key performance indicator reporting as well as a starting point for discussion on possible KPIs for certain industries.
http://www.charteredaccountants.com.au
Fm chapter 1
The document provides an overview of financial management concepts including business structures, accounting principles, financial budgets, financial statements, and ratio analysis. It aims to help managers understand financial planning and analysis tools to make effective business decisions and achieve financial objectives. Key topics covered include the accounting equation, developing financial budgets, understanding financial accounting and reports, and calculating ratios to interpret a company's financial position.
Module 4
This document provides guidance on developing a business plan, including:
1. The business plan outlines the business concept, market opportunity, management team, and financial projections.
2. Developing a business plan is important to get integrated view of the business, secure financing, and understand financial requirements.
3. Key elements of a business plan include executive summary, company and industry overview, products/services, marketing plan, management team, and financial projections.
Similar to A 'Count' Down to IPO (20)
The CFO Squad: Flexible, Low Cost Outsourced CFO Services for Private and Pub...
The CFO Squad: Flexible, Low Cost Outsourced CFO Services for Private and Pub...
Demystifying Financial Reporting A Comprehensive Guide for Businesses.docx
Demystifying Financial Reporting A Comprehensive Guide for Businesses.docx
Why is the process of financial reporting important.pdf
Why is the process of financial reporting important.pdf
Preparing for IPO or Acqusition - Best Practices for In-House Counsel
Preparing for IPO or Acqusition - Best Practices for In-House Counsel
Auditing and Assurance Update on Non-Financial Information
Auditing and Assurance Update on Non-Financial Information
More from Australian Business Forum - ABF
Exploring E-Commerce opportunities in China-Ben Franzi
1) This document discusses opportunities for eCommerce in China, highlighting China's large and growing middle class, population, and internet usage as drivers of growth.
2) It notes that China's B2C eCommerce sales are set to total $2 trillion USD this year and that factors like increased consumer purchasing power and government policy changes are fueling growth of China's booming eCommerce market.
3) The document promotes Australia Post's cross-border solutions for helping Australian businesses succeed in China's eCommerce market by accessing customers, overcoming barriers, and using distribution channels like marketplaces.
Sinorbis-Unlock your opportunities in China
The document discusses reaching Chinese tourists online by analyzing who they are, what they are doing, and how to reach them. It notes that Chinese tourists traveling abroad are typically young with money to spend. They enjoy shopping, sharing travel experiences online, and have a specific time window for traveling. The document recommends leveraging Chinese travel websites and marketing channels and offering Chinese-optimized products and services to influence their decision-making process.
China Skinny-Mark Tanner
This document discusses trends in China's digital landscape and consumer market in 2016. It notes that China's economy is slowing but consumption continues to grow, driven by millennials under 35 who make up the majority of domestic and international travelers. Most of China's affluent consumers will live outside of major cities by 2020, in smaller cities with over 100 million people each. To reach consumers across China, ecommerce is one of the most effective ways due to the online shopping habits of those born after 1980, but Chinese consumers also do significant online research due to lack of trust before purchasing.
Bastion S&Go-Doris Li on 'Daigou'
Daigou refers to individuals who purchase goods overseas on behalf of customers in China. This presentation discusses whether the term "daigou" is controversial and examines the daigou phenomenon in Australia. It is noted that while Australia's birth rate has remained flat, infant formula sales are tripling, likely due to purchase by daigou. The presentation explores where daigou operate online, the concerns they pose for local markets, and how brands can view daigou as an opportunity. It provides examples of engaging Chinese audiences through content localization and digital strategies, such as campaigns on WeChat. The presentation concludes by arguing that daigou need not be a "dirty word" and outlines questions.
Digital Crew-China Digital Conference
This document discusses opportunities in marketing to Chinese consumers for Australian health supplements, property, and dairy industries. It provides keyword search volume data on Google and Baidu for relevant terms in both Australia and China. Case studies demonstrate the effectiveness of Baidu paid search campaigns and search engine optimization. Recommendations are made to optimize websites for Chinese audiences and leverage Baidu's platform to reach Chinese customers searching online.
Australia China BusinessWeek 2015 General Event Review
The auspicious Eighth Year of the Australia-China BusinessWeek (ACBW) marks the first year the premium Sino-Australian business event has been presented in every eastern Australian capital city. This landmark year also brought the cream of Australian industry to the China International Fair for Investment and Trade (CIFIT) to hold the Australian Pavilion, which became the undisputed Fair favourite. ACBW 2015 reached drew 5000 delegates to hear directly from over 100 academics and industry experts, and
network directly with the strongest contingent of proactive organisations in the Australia China space.
Invest Melbourne - A Competitive Business Environment
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Zhining Yang of Invest Victoria, presents Melbourne's credentials as a globally dynamic and competitive destination for business. Apart from being the world's most liveable city, Melbourne is situated in one of the world's most liveable states. Victoria dominates in services and accounts for 25% of domestic GDP.
Originally presented at Australia-China BusinessWeek 2015 Melbourne
Why Croc Eggs Aren’t Just Plums - Aussie Agri
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Rowan Little, of Montague Fresh, talks about Montague's strategy of exporting apples, pears and stonefruit to the world.
Originally presented at Australia-China BusinessWeek 2015
Chinese Investment in Australian Citrus - A Case Study
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
David Thomas, CEO of Think Global Consulting, walks through a case study of how Citrus Australia established strong branding in China, building off the characteristics of Australian products with astute marketing support.
Originally presented at Australia-China BusinessWeek 2015 Melbourne
Food and Fibre: Capitalising on Asian Market Opportunities
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Anthony Plummer of Trade and Investment Victoria, presents on opportunities for food and agriculture in the Asian Century, the fast-growing meat and dairy sectors, the China Australia Free Trade Agreement and finally how the Victorian Government is combining all of these opportunities to drive agribusiness in coming decades.
Originally presented at Australia-China BusinessWeek 2015 Melbourne
InvestHK: Sharing Investment Promotion Best Practice
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Hong Kong has enduring advantages and status as a leading business hub in the Asian region. By breaking down Foreign Direct Investment and categorising by country, InvestHK supports Hong Kong's status as a premium investment location.
Originally presented by Luca de Leonardis, Head of InvestHK in Australia and New Zealand, at Australia-China BusinessWeek 2015 Melbourne,
South Australia - Leading the Country in China Engagement
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Sean Keenihan, President of the Australia China Business Council, South Australia, introduces the state's efforts and successes in promoting Sino-Australian trade. Primarily through strategic engagement with its sister state, Shandong Province, trade delegations and Free Trade Agreements, South Australia has cemented long-term relationships at home and abroad that will steer it well into the Asian Century.
Originally presented at Australia-China BusinessWeek 2015 Adelaide
Study Adelaide - An Introduction
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Karyn Kent, Chief Executive of Study Adelaide, introduces the city's approach to strengthening its claim as Australia's Learning City. Covering its international student ambassador program and detailing the comprehensive media push on Australian and Chinese social media, Study Adelaide puts forwards a case study of an effective program to engage international students and improve a city's profile.
Originally presented at Australia-China BusinessWeek 2015 Adelaide
Chinese Investment in South Australia
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Angela Wang, of Australia China Business Council (ACBC) South Australia, presents two case studies of Chinese investment in South Australia, covering the visa categories and investment types they pursued.
The Australia China Business Council (ACBC) is the premier business organisation dedicated to promoting business and trade between Australia and the People’s Republic of China - www.acbc.com.au
Originally presented at Australia-China BusinessWeek 2015 Adelaide.
Investing in Australian Agriculture - Farm & Resource Management
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Australian Farm and Resource Management Pty Ltd is a specialist agricultural asset management company, catering to foreign investors looking to acquire medium to large-scale Australian agricultural farms and agricultural businesses.
Agricultural investments provide an opportunity to realise stable, reliable and attractive returns, with comparatively low risk over the medium to long term, relative to other asset classes.
Originally presented by Australian Farm and Resource Management at the Australia-China BusinessWeek 2015 Sydney
Western Perception vs. Chinese Reality: The China Way
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Success in Asia is highly attractive, and fraught with challenges. What works in Western markets doesn't always apply to audiences in China. These markets ranging from the highly sophisticated, like Shanghai and Beijing, to those with 'Tier 3' millionaires who lack international experience.
This presentation covers surprising statistics on China and the pitfalls for foreign brands who fail to plan their China approach.
Originally presented by the China Way (http://thechinaway.com/) at Australia-China BusinessWeek 2015 Sydney
Cloud Computing Empowers Digital Innovation - Aliyun
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Raymond Ma, Director of AliCloud (Aliyun) International, presents on cloud computing in China and disruptive technologies in the country's 'Internet Plus' age. Presented during the Chinese 'Single's Day' sales "双十一" it outlines the incomparable purchasing power of Chinese consumers.
Originally presented at the China Digital Conference 2015 series.
Daigou is Not a Dirty Word - Bastion S&GO
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
Tom Parker, of Bastion S&GO, dispels some myths around Chinese 'daigou' or buying agents, and puts them into the larger context of Chinese consumer habits and expectations. In the ChaFTA era, Australian businesses must be savvy, and the 'Tea Change' is just the start.
Originally presented at the China Digital Conference 2015 Sydney.
Queensland Open for Business - China Market Brief
China is transitioning from an investment-driven to a consumption-driven economy. There are opportunities in agriculture and food exports to China due to growing demand and the elimination of tariffs under the China-Australia Free Trade Agreement. Queensland exports large amounts of beef, sheepmeat, dairy, horticulture, seafood, live animals, and wine to China. Private Chinese companies now account for a larger share of outward foreign direct investment which is focusing on agriculture and property development. The Queensland government aims to increase trade, investment, and migration from China through business missions and ministerial visits from 2015 to 2016.
Significant and Premium Investor Visas
Australian Business Forum helps Australian SMEs and businesses to understand the Chinese market and refine their China strategy.
http://abf.events/
ABOUT THE PRESENTATION BELOW
NB: The data in this presentation were as accurate as possible at the time of being presented.
Presented by Stacey Martin with data from the National Australia Bank.
This presentation breaks down the requirements for an Australian Significant Investor Visa or Premium Investor Visa, and includes the service and assistance individuals may seek to make a successful application.
Originally shown at the Australia-China BusinessWeek 2015 series.
More from Australian Business Forum - ABF (20)
Exploring E-Commerce opportunities in China-Ben Franzi
Exploring E-Commerce opportunities in China-Ben Franzi
Australia China BusinessWeek 2015 General Event Review
Australia China BusinessWeek 2015 General Event Review
Invest Melbourne - A Competitive Business Environment
Invest Melbourne - A Competitive Business Environment
Chinese Investment in Australian Citrus - A Case Study
Chinese Investment in Australian Citrus - A Case Study
Food and Fibre: Capitalising on Asian Market Opportunities
Food and Fibre: Capitalising on Asian Market Opportunities
InvestHK: Sharing Investment Promotion Best Practice
InvestHK: Sharing Investment Promotion Best Practice
South Australia - Leading the Country in China Engagement
South Australia - Leading the Country in China Engagement
Investing in Australian Agriculture - Farm & Resource Management
Investing in Australian Agriculture - Farm & Resource Management
Western Perception vs. Chinese Reality: The China Way
Western Perception vs. Chinese Reality: The China Way
Cloud Computing Empowers Digital Innovation - Aliyun
Cloud Computing Empowers Digital Innovation - Aliyun
Recently uploaded
欧洲杯足彩-欧洲杯足彩押注-欧洲杯足彩押注官网|【网址🎉ac99.net🎉】
【网址🎉ac99.net🎉】欧洲杯足彩是一家创立于1998年的在线的体育博彩公司。欧洲杯足彩由库拉索岛政府授权，可以从事体育博彩相关活动。成立初期，欧洲杯足彩专注于快速发展的国内市场，现在它为全世界的玩家和职业玩家提供投注服务。毫无疑问，欧洲杯足彩是欧洲乃至全球最受欢迎的知名在线体育博彩公司。玩家的积极反馈、存款和提款的安全性都充分证明了该公司的可靠性。欧洲杯足彩 Sports公司 以其良好的服务而得到了客户的认可。该公司在2004年获得了最高水平服务奖、2006年最佳博彩公司奖（EOG.com）、最佳博彩运营商前5名（The Online Wire）和著名门户网站“Gambling”颁发的最佳优惠和奖金奖项，这是对这家博彩公司的最为中肯的评价。
The Rise and Fall of Ponzi Schemes in America.pptx
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
University of North Carolina at Charlotte degree offer diploma Transcript
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
How to Identify the Best Crypto to Buy Now in 2024.pdf
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Ending stagnation: How to boost prosperity across Scotland
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)Інститут економічних досліджень та політичних консультацій
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
原版定制【微信:bwp0011】《(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Monthly Market Risk Update: June 2024 [SlideShare]
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptxGodwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
China's Investment Leader - Dr. Alyce SU
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...Falcon Invoice Discounting
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.快速办理(RWTH毕业证书)德国亚琛工业大学毕业证录取通知书一模一样
原件一模一样【微信：bwp0011】《(RWTH毕业证书)德国亚琛工业大学毕业证》【微信：bwp0011】学位证，留信认证（真实可查，永久存档）原件一模一样纸张工艺/offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问微bwp0011
【主营项目】
一.毕业证【微bwp0011】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【微bwp0011】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
akdlajdljalkdjklajdklajlsdjlasjdlajdslajldjaldjalsjdlkajskldaldkj
TechnoXander Confirmation of Payee Product Pack 1.pdf
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
South Dakota State University degree offer diploma Transcript
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Fabular Frames and the Four Ratio Problem
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Recently uploaded (20)
The Rise and Fall of Ponzi Schemes in America.pptx
The Rise and Fall of Ponzi Schemes in America.pptx
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
How to Identify the Best Crypto to Buy Now in 2024.pdf
How to Identify the Best Crypto to Buy Now in 2024.pdf
Ending stagnation: How to boost prosperity across Scotland
Ending stagnation: How to boost prosperity across Scotland
Economic trends from a business point of view (May 2024)
Economic trends from a business point of view (May 2024)
Monthly Market Risk Update: June 2024 [SlideShare]
Monthly Market Risk Update: June 2024 [SlideShare]
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
Budgeting as a Control Tool in Govt Accounting in Nigeria Prof Oyedokun.pptx
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
Chapter 25: Economic Growth Summary from Samuelson and Nordhaus
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
Exploring-Madhya-Pradesh-Culture-Heritage-and-Land-Records.pptx
South Dakota State University degree offer diploma Transcript
South Dakota State University degree offer diploma Transcript
The various stages, after the initial invitation has been made to the public ...
The various stages, after the initial invitation has been made to the public ...
A 'Count' Down to IPO
- 1. A COUNTDOWN TO IPO How to prepare and present your numbers to Australian investors 25 November 2015 A “Count”Down to IPO How to prepare and present your numbers to Australian investors? 25 November 2015
- 2. BDO’S EXPERIENCE AND CREDENTIALS Page 2 Note: Past 8 years of data
- 3. BDO’S CAPABILITY IN CHINA In 2014, BDO was ranked the fourth largest accounting firm in China by the Chinese Institute of Certified Public Accountants 2014 revenue (RMB Million Yuan) by firm - China 0 500 1000 1500 2000 2500 3000 3500 4000 PKF Daxin CPAs ShineWing CPAs Da Hua CPAs Pan-China CPAs KPMG China Ernst & Young China BDO China Shu Lun Pan CPAs Ruihua CPAs Deloitte China PwC China Source: Chinese Institute of Certified Public Accountants (CICPA) Headquartered in Shanghai, BDO China currently has over 8,000 employees, including more than 1,600 certified public accountants. The Firm is structured to include seven management committees and functional business departments of Auditing, Tax, Advisory, International Business, Risk Management, Information Technology, Training, Asset Appraisal and Accounting Policy Research Centre. The Firm’s clients include over 300 listed companies, over 300 IPO companies, and more than 2,000 enterprises with foreign investments. The clients include a wide range of size and industries, including large national enterprises, state-owned companies, commercial banks, securities companies, future brokerage, insurance, trusts and funds.
- 4. AN EXPERIENCED TEAM Page 4 Greg Ellis Partner – Corporate Finance Tel: +61 3 9605 8002 Mob: +61 414 500 162 Email: greg.ellis@bdo.com.au Greg is a Corporate Finance partner with BDO in Melbourne. He has over 18 years of Audit and Corporate Finance experience and during this time has assisted a number of China based businesses with investment into Australia or with IPOs on the ASX. When it comes to IPOs Greg is very experienced in the role of Investigating Accountant and as such has a deep understanding of the regulatory requirements and guidelines with respect to the presentation of financial information within prospectuses. Greg has also advised a number of Australian investors perform due diligence on Chinese businesses and therefore understands what the key investor requirements are when it comes to financial information.
- 5. WHAT ARE AUSTRALIAN INVESTORS LOOKING FOR? No 1 requirement: Financial information that they can trust Key attributes of financial information: • Independently audited • Prepared in accordance with the requirements of IFRS Page 5
- 6. REGULATORY REQUIREMENTS 1. Australian Corporations Act, 2001 • General disclosure test for prospectuses with no specific “checklist” • Key requirements: - Information that investors and their professional advisers would reasonably require to make an informed assessment about the risks, financial position, performance and prospects of the issuing company 2. Regulatory guides: Issued by the Australian Securities & Investments Commission (‘ASIC’) to provide guidance to regulated entities regarding interpretation of law - RG 228: Guidance on how to word and present prospectuses in a ‘clear, concise and effective’ manner - RG 170: Guidance to help issuers understand whether to include prospective financial information Page 6
- 7. TYPICAL FINANCIAL DISCLOSURES (1 OF 3) Page 7 1. Three years of historical audited financial performance comprising of: • Profit and loss; and • Cash flows 2. Most recent audited historical financial position: • Balance sheet Note: Balance sheet date must not be greater than 8 months prior to ASX application date 3. Pro forma historical financial information 4. Forecast financial information
- 8. TYPICAL FINANCIAL DISCLOSURES (2 OF 3) Page 8 Pro forma historical financial information • Pro forma historical financial position - Audited balance sheet is “adjusted” in order to show the impact of the IPO For example The cash and equity balances are adjusted to reflect the funds raised as part of the IPO Impact of any group restructuring Repayment of any debt from the proceeds of the IPO • Pro forma historical financial performance - The audited profit and loss statement and cash flows may be adjusted if not considered representative of the business going forward For example: To remove or add the results of any operations sold or acquired
- 9. TYPICAL FINANCIAL DISCLOSURES (3 OF 3) Page 9 Forecast financial information • Not specifically required to be disclosed in a prospectus • Strict regulatory guidelines (RG 170) to be met if included • Forecast financial information cannot be disclosed if it is misleading • There must be ‘reasonable grounds’ for the inclusion of forecast financial information Most IPOs of Chinese companies do not include forecast financial information on the grounds that such information would contain a broad range of potential outcomes and possibilities and would not necessarily take into account, the variable nature of matters that may influence future events.
- 10. INVESTIGATING ACCOUNTANT Page 10 • All financial information presented in a prospectus should be sourced from audited financial statements • Any pro forma financial information presented must be reviewed by an Investigating Accountant • The prospectus will include a review report from the Investigating Accountant • This provides investors with ‘comfort’ that there are no reasons to believe that the historical and forecast financial information are unreasonable
- 11. OVERVIEW OF INVESTORS REQUIREMENTS Page 11 Our capability Financial information should be • Prepared in accordance with the requirements of IFRS • Audited • Pro forma adjustments are to be reviewed by an Investigating Accountant • Any forecast financial information must have ‘reasonable grounds’ An experienced financial advisor/accountant can help ensure you meet the necessary regulatory guidelines and requirements