Chaim Yudkowsky, CPA, CITP, CGMA - Byte of Success
Part of a series in 1997 focusing on helping small and midsized business make more money / become more profitable
Mohamad Mahmoud Rashdan has over 17 years of experience in finance roles. He is currently the Finance Manager at Kuwait International Takaful Insurance, where he assists in developing financial goals and procedures. Prior to this role, he held finance positions at United Partners Insurance, Shami AL-Khaleej General Trading, and T'azur Takaful Insurance Company. Rashdan has a Bachelor of Commerce degree from Tanta University in Egypt and training in anti-money laundering, IFRS, and other areas. He is seeking new opportunities in finance management.
Mohamad Mahmoud Rashdan is a finance manager with 17 years of experience managing finances for insurance companies in Kuwait. He currently works as the Finance Manager for Kuwait International Takaful Insurance. Prior to this role, he held finance and management positions at United Partners Insurance, Shami AL-Khaleej General Trading, and T'azur Takaful Insurance Company. Rashdan has a Bachelor of Commerce degree from Tanta University in Egypt and training in anti-money laundering, IFRS, and other areas. He is seeking new opportunities in finance management where he can apply his skills in financial planning and analysis, budgeting, accounting, and more.
The document discusses the roles and responsibilities of an asset manager. An asset manager oversees investments on behalf of clients/investors, working to maximize returns. Key responsibilities include conducting feasibility analyses, finalizing shareholder agreements, monitoring investments on an ongoing basis through financial reporting and compliance checks, and helping facilitate exit strategies. The asset manager aims to take a hands-on approach to actively manage investments and protect investor interests over the full investment lifecycle from deal sourcing and due diligence to disposition.
Nitish Kalra is a Chartered Accountant with over 10 years of experience in accounting, audit, taxation, and financial reporting. He has strong skills in financial statement preparation, statutory reporting, management reporting, and ensuring compliance with accounting standards like IFRS, US GAAP, and IAS. Kalra is currently working as a Manager at Fidelity International Ltd where he is responsible for various finance and accounting functions.
International Standards on Auditing for Cayman Funds (2016)David Walker
The independent auditor's report expresses an unmodified opinion on the financial statements of ABC Fund, conducted their audit in accordance with International Standards on Auditing, and identifies valuation of financial instruments and going concern as key audit matters addressed in the audit.
The document summarizes the candidate's work experience in the audit, tax, and accounting departments at EY. In audit, they performed analytical procedures, internal control evaluations, liaising with clients, and finalizing audits. In tax, their responsibilities included tax computations, correspondence with authorities, and transfer pricing work. They also provided accounting services such as financial reporting, cost analysis, and accounts management for various clients in industries like banking, automotive, and consumer goods.
This document provides definitions and explanations of key accounting terms used in financial audits and accounting. It defines accounting as the systematic recording, reporting, and analysis of financial transactions of a business. It explains key terms like balance sheet, asset, income statement, cash flow statement, accounting methods, accounts payable, and accounts receivable. It also discusses the purpose of auditing financial statements, which is to provide accountability and reliability to stakeholders by expressing an opinion on whether financial statements are fairly presented.
Khalid Al-Minshawy is a Saudi Arabian professional with over 21 years of experience in financial management and accounting. He is currently the Chief Financial Officer of Almarwa Group, where he oversees all finance departments across various business units. Previously, he held roles as Regional Financial Manager and Financial Controller. Al-Minshawy has extensive skills in financial reporting, budgeting, cash management, and internal controls. He aims to apply his expertise to contribute to organizational goals.
Mohamad Mahmoud Rashdan has over 17 years of experience in finance roles. He is currently the Finance Manager at Kuwait International Takaful Insurance, where he assists in developing financial goals and procedures. Prior to this role, he held finance positions at United Partners Insurance, Shami AL-Khaleej General Trading, and T'azur Takaful Insurance Company. Rashdan has a Bachelor of Commerce degree from Tanta University in Egypt and training in anti-money laundering, IFRS, and other areas. He is seeking new opportunities in finance management.
Mohamad Mahmoud Rashdan is a finance manager with 17 years of experience managing finances for insurance companies in Kuwait. He currently works as the Finance Manager for Kuwait International Takaful Insurance. Prior to this role, he held finance and management positions at United Partners Insurance, Shami AL-Khaleej General Trading, and T'azur Takaful Insurance Company. Rashdan has a Bachelor of Commerce degree from Tanta University in Egypt and training in anti-money laundering, IFRS, and other areas. He is seeking new opportunities in finance management where he can apply his skills in financial planning and analysis, budgeting, accounting, and more.
The document discusses the roles and responsibilities of an asset manager. An asset manager oversees investments on behalf of clients/investors, working to maximize returns. Key responsibilities include conducting feasibility analyses, finalizing shareholder agreements, monitoring investments on an ongoing basis through financial reporting and compliance checks, and helping facilitate exit strategies. The asset manager aims to take a hands-on approach to actively manage investments and protect investor interests over the full investment lifecycle from deal sourcing and due diligence to disposition.
Nitish Kalra is a Chartered Accountant with over 10 years of experience in accounting, audit, taxation, and financial reporting. He has strong skills in financial statement preparation, statutory reporting, management reporting, and ensuring compliance with accounting standards like IFRS, US GAAP, and IAS. Kalra is currently working as a Manager at Fidelity International Ltd where he is responsible for various finance and accounting functions.
International Standards on Auditing for Cayman Funds (2016)David Walker
The independent auditor's report expresses an unmodified opinion on the financial statements of ABC Fund, conducted their audit in accordance with International Standards on Auditing, and identifies valuation of financial instruments and going concern as key audit matters addressed in the audit.
The document summarizes the candidate's work experience in the audit, tax, and accounting departments at EY. In audit, they performed analytical procedures, internal control evaluations, liaising with clients, and finalizing audits. In tax, their responsibilities included tax computations, correspondence with authorities, and transfer pricing work. They also provided accounting services such as financial reporting, cost analysis, and accounts management for various clients in industries like banking, automotive, and consumer goods.
This document provides definitions and explanations of key accounting terms used in financial audits and accounting. It defines accounting as the systematic recording, reporting, and analysis of financial transactions of a business. It explains key terms like balance sheet, asset, income statement, cash flow statement, accounting methods, accounts payable, and accounts receivable. It also discusses the purpose of auditing financial statements, which is to provide accountability and reliability to stakeholders by expressing an opinion on whether financial statements are fairly presented.
Khalid Al-Minshawy is a Saudi Arabian professional with over 21 years of experience in financial management and accounting. He is currently the Chief Financial Officer of Almarwa Group, where he oversees all finance departments across various business units. Previously, he held roles as Regional Financial Manager and Financial Controller. Al-Minshawy has extensive skills in financial reporting, budgeting, cash management, and internal controls. He aims to apply his expertise to contribute to organizational goals.
Introduction To Financial Statements And AuditMobasher Ali
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.
This curriculum vitae provides details about Alaa Ahmed Mohamed El Shanat, including his personal details, education history, professional experience, skills, and interests. He has over 11 years of accounting experience in various roles in Egypt and the UAE. Currently, he works as the Finance Manager for Dr. Al Sabhan Group in Dubai, where he manages a team of 6 accountants and is responsible for financial reporting, budgeting, and ensuring compliance with accounting standards.
The financial plan incorporates operating budgets to transform financial data into projected financial statements including a cash flow statement, income statement, and balance sheet. These pro forma statements are projected for a minimum three-year period to determine total costs, financing needs, capital structure, depreciation, loan repayments, cash flows, profits, and financial position over time to assess the financial viability of the project. ChocoholiqsCrunchiezzz requires RM 243,040 in capital and maintains a positive cash balance throughout the projected period based on its prepared pro forma financial statements.
The quarterly PowerPoint slide deck sent to investors for 1Q16, from CONE Midstream. CONE is a joint venture between CONSOL Energy and Noble Energy with pipelines exclusively in the Marcellus/Utica region.
This document provides an assessment of the working capital requirements for Rushabh InfoSoft Ltd. It discusses various components that make up working capital, including raw materials, work in process, finished goods, receivables, and expenses. It outlines methods to calculate requirements for each component based on historical data, including average stocking periods and operating cycles. The document also discusses concepts like margin requirements and formats used to evaluate working capital needs to determine the appropriate levels of bank financing.
This individual has over 12 years of progressive accounting and finance experience in the United Arab Emirates, including setting up accounting policies and procedures for new companies. They currently serve as the Finance and Admin Manager for Safilo Middle East in Dubai, where they manage all finance, accounting, reporting, and HR functions. Previously they held budget and reporting roles for AL Shaheen and management accounting roles for Mazaya Investment.
1.)Four Types of Audit Report by Independent Auditors
2.)The Steps to be Done by the Auditors Before They Receive New Engagement With Clients
3.)The Contents Emphasis in the Audit Engagement
The document discusses auditing procedures for trade receivables and payables. It outlines the objectives of auditing these accounts which include existence, completeness, valuation, and disclosure. It then describes relevant assertions and provides examples of substantive audit tests that can be used, such as direct confirmation of receivable and payable balances, testing sales and purchase transactions, and verifying the aging of receivables. Routine procedures and internal controls for accounts payable are also discussed.
Working capital refers to the funds required to operate a business on a day-to-day basis. It is used to acquire current assets such as inventory and accounts receivable. There are various methods to assess working capital requirements, including the operating cycle method, turnover method, and projected balance sheet method. The operating cycle method calculates needs based on the time required to complete the operating cycle from acquiring raw materials to collecting payment from customers. The turnover method, recommended by the Nayak Committee, sets the requirement at 25% of projected annual turnover. Proper validation of projections is important when using the projected balance sheet method for larger businesses.
Saif ul Islam has over 7 years of experience as a Financial Analyst. He is skilled in financial and accounting fields including revenue analysis, management accounting, budget preparation, and fixed asset and credit control management. Currently working as a Financial Analyst at PTCL HQ, his responsibilities include managing revenue activities, performing accounting entries and reconciliations, revenue analysis and reporting, profitability analysis, and capital expenditure monitoring. He is proficient in spreadsheets, SAP, billing and customer systems, and financial analysis.
An audit is a review of financial records to check for accuracy and compliance. The history of auditing dates back to ancient civilizations in China, Egypt, and Greece. A financial audit provides an opinion on whether an organization's financial statements accurately portray its financial position. As part of a financial audit, the auditor evaluates internal controls and issues a report detailing recommendations. Auditors aim to detect material errors and fraud, though they cannot find every small irregularity. Other types of reviews include compilations, which present information without assurance, and special purpose audits which ensure compliance with rules. Operational audits review effectiveness, efficiency, and economy across an organization's operations.
Sattam Farog Mahboob is a senior finance and accounts professional with over 16 years of experience in financial management roles across various industries. He has expertise in areas such as financial strategy, budgeting, reporting, auditing, and process improvement. Currently he is the Finance Director for the cash and security business at Almajal & G4s, where he oversees operations and works to maximize profitability.
This document discusses auditing procedures for investments, cash and bank balances, and revenue and expenditures. It provides the purpose, evidence, suitable audit objectives and assertions, and audit procedures for each area. For investments, the objectives are to ensure proper authorization, recording, valuation and disclosure of investments. Suitable procedures include verifying purchase and sale documentation, payments, dividends received, and financial statement disclosure. For cash and bank balances, the objectives are around existence, completeness, accuracy, cut-off and classification. Recommended procedures include bank confirmation, reconciliation checks, and sampling transactions. The revenue and expenditures section outlines audit tests around authorization, completeness, accuracy and other assertions through examining documentation and tracing samples.
- CA Yash Kumar is a finance and accounting professional with over 3 years of experience in financial control, analysis, planning, payroll accounting, and cash management.
- He has experience finalizing financial statements and statutory books of accounts, overseeing cash flows, bank reconciliations, and financial reporting.
- Currently he works as an Assistant Manager at Jahajgarhi Agro Groups where his responsibilities include financial statement preparation, budgeting, accounting, and tax compliance.
This document provides an introduction to financial management and reporting presented by John Pace and Steven Lyons of Gelman, Rosenberg & Freedman CPAs. It discusses key financial statements including the balance sheet, income statement, cash flow statement, and equity statement. It also covers common internal reports such as budgets and cash flow projections. The presentation provides examples and explanations of financial reporting concepts and terminology.
This document is an International Standard on Auditing (UK) that provides requirements and guidance for auditors regarding subsequent events. It defines key terms related to subsequent events, such as the date of the financial statements and the date of the auditor's report. It outlines the auditor's responsibilities to perform procedures to identify events after the financial statement date that require adjustment to or disclosure in the financial statements. It also addresses the auditor's responsibilities if subsequent events are identified after the date of the auditor's report but before the financial statements are issued, or if they are identified after the financial statements have been issued. The standard is effective for audits of financial statements with periods ending on or after December 15, 2010.
Abdullah Aziz is an MBA finance professional with over 10 years of experience in accounting, finance management, and auditing. He has worked for multinational companies in Pakistan, Saudi Arabia, and the UAE. Abdullah has expertise in financial reporting, budgeting, cost analysis, and implementing financial controls. He is proficient in accounting software like Tally, Peachtree, and SAP. Currently, Abdullah works as the Assistant Director of Finance at Seagold Pvt. Ltd. in Pakistan.
IND AS 10 - Events after the Reporting PeriodRitvik Rungta
This document provides an overview of Indian Accounting Standard 10 (Ind AS 10) which deals with events after the reporting period. It defines key terms and outlines the accounting treatment and disclosure requirements for adjusting and non-adjusting events that occur after an entity's reporting period but before its financial statements are authorized for issue. The standard requires an entity to adjust amounts recognized in its financial statements for adjusting events and provide updated disclosures for certain non-adjusting events. It also addresses the assessment of an entity's ability to continue as a going concern if events after the reporting period indicate otherwise.
Vinod Kumar Poddar has over 15 years of experience in finance, accounts, audit, and taxation. He is seeking a senior managerial role in accounts, finance, or taxation. He has expertise in financial reporting, audit and taxation, commercial operations, and IT skills like Tally and MS Office. His career highlights include roles as Senior Manager at SSG Infratech Private Limited and Gimpex Ltd where he managed accounts, taxation, auditing, and commercial operations. Previously he was proprietor of a retail business and worked as a Manager at Sanjay Bhuwania & Co. Chartered Accountants. He holds a Bachelor's in Commerce, is a Cost Accountant and Chartered Accountant with experience in
You are welcome to check updated information about the upcoming events in 2015 from Bosco Conference.
The company was established in 2005 by experts in taxation, financial & conference services with more than ten years of experience in CIS, EU markets and worldwide.
Today Bosco Conference is a professional provider of annual conferences on international law, asset protection, wealth management, investment, taxation and consulting.
The audience of our events are professionals from over 30 countries.
In 2014, Bosco Conference team organized seven major international conferences in Kiev, Kharkov, Baku, Moscow, Almaty, St. Petersburg and Warsaw.
The total audience for the last year was more than 2000 persons.
Представляем программу мероприятий на 2014 год от Bosco Conference.
Компания была создана в 2005 году специалистами в области налогообложения, международных финансовых услуг, а также конференц-сервиса, более восьми лет работающих на рынках Украины, СНГ, ЕС и по всему миру.
Сегодня Bosco Conference – профессиональный организатор ежегодных международных конференций в области международного права, защиты активов, wealth management, инвестиций, налогов и консалтинга.
Аудиторию мероприятий составляют профессионалы из более чем 30 стран.
В 2013 году команда Bosco Conference организовала пять крупных международных конференций. Мероприятия прошли в Киеве, Донецке, Баку, Талине и Алматы. Общая аудитория за год составила более 1 500 человек.
Introduction To Financial Statements And AuditMobasher Ali
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.
This curriculum vitae provides details about Alaa Ahmed Mohamed El Shanat, including his personal details, education history, professional experience, skills, and interests. He has over 11 years of accounting experience in various roles in Egypt and the UAE. Currently, he works as the Finance Manager for Dr. Al Sabhan Group in Dubai, where he manages a team of 6 accountants and is responsible for financial reporting, budgeting, and ensuring compliance with accounting standards.
The financial plan incorporates operating budgets to transform financial data into projected financial statements including a cash flow statement, income statement, and balance sheet. These pro forma statements are projected for a minimum three-year period to determine total costs, financing needs, capital structure, depreciation, loan repayments, cash flows, profits, and financial position over time to assess the financial viability of the project. ChocoholiqsCrunchiezzz requires RM 243,040 in capital and maintains a positive cash balance throughout the projected period based on its prepared pro forma financial statements.
The quarterly PowerPoint slide deck sent to investors for 1Q16, from CONE Midstream. CONE is a joint venture between CONSOL Energy and Noble Energy with pipelines exclusively in the Marcellus/Utica region.
This document provides an assessment of the working capital requirements for Rushabh InfoSoft Ltd. It discusses various components that make up working capital, including raw materials, work in process, finished goods, receivables, and expenses. It outlines methods to calculate requirements for each component based on historical data, including average stocking periods and operating cycles. The document also discusses concepts like margin requirements and formats used to evaluate working capital needs to determine the appropriate levels of bank financing.
This individual has over 12 years of progressive accounting and finance experience in the United Arab Emirates, including setting up accounting policies and procedures for new companies. They currently serve as the Finance and Admin Manager for Safilo Middle East in Dubai, where they manage all finance, accounting, reporting, and HR functions. Previously they held budget and reporting roles for AL Shaheen and management accounting roles for Mazaya Investment.
1.)Four Types of Audit Report by Independent Auditors
2.)The Steps to be Done by the Auditors Before They Receive New Engagement With Clients
3.)The Contents Emphasis in the Audit Engagement
The document discusses auditing procedures for trade receivables and payables. It outlines the objectives of auditing these accounts which include existence, completeness, valuation, and disclosure. It then describes relevant assertions and provides examples of substantive audit tests that can be used, such as direct confirmation of receivable and payable balances, testing sales and purchase transactions, and verifying the aging of receivables. Routine procedures and internal controls for accounts payable are also discussed.
Working capital refers to the funds required to operate a business on a day-to-day basis. It is used to acquire current assets such as inventory and accounts receivable. There are various methods to assess working capital requirements, including the operating cycle method, turnover method, and projected balance sheet method. The operating cycle method calculates needs based on the time required to complete the operating cycle from acquiring raw materials to collecting payment from customers. The turnover method, recommended by the Nayak Committee, sets the requirement at 25% of projected annual turnover. Proper validation of projections is important when using the projected balance sheet method for larger businesses.
Saif ul Islam has over 7 years of experience as a Financial Analyst. He is skilled in financial and accounting fields including revenue analysis, management accounting, budget preparation, and fixed asset and credit control management. Currently working as a Financial Analyst at PTCL HQ, his responsibilities include managing revenue activities, performing accounting entries and reconciliations, revenue analysis and reporting, profitability analysis, and capital expenditure monitoring. He is proficient in spreadsheets, SAP, billing and customer systems, and financial analysis.
An audit is a review of financial records to check for accuracy and compliance. The history of auditing dates back to ancient civilizations in China, Egypt, and Greece. A financial audit provides an opinion on whether an organization's financial statements accurately portray its financial position. As part of a financial audit, the auditor evaluates internal controls and issues a report detailing recommendations. Auditors aim to detect material errors and fraud, though they cannot find every small irregularity. Other types of reviews include compilations, which present information without assurance, and special purpose audits which ensure compliance with rules. Operational audits review effectiveness, efficiency, and economy across an organization's operations.
Sattam Farog Mahboob is a senior finance and accounts professional with over 16 years of experience in financial management roles across various industries. He has expertise in areas such as financial strategy, budgeting, reporting, auditing, and process improvement. Currently he is the Finance Director for the cash and security business at Almajal & G4s, where he oversees operations and works to maximize profitability.
This document discusses auditing procedures for investments, cash and bank balances, and revenue and expenditures. It provides the purpose, evidence, suitable audit objectives and assertions, and audit procedures for each area. For investments, the objectives are to ensure proper authorization, recording, valuation and disclosure of investments. Suitable procedures include verifying purchase and sale documentation, payments, dividends received, and financial statement disclosure. For cash and bank balances, the objectives are around existence, completeness, accuracy, cut-off and classification. Recommended procedures include bank confirmation, reconciliation checks, and sampling transactions. The revenue and expenditures section outlines audit tests around authorization, completeness, accuracy and other assertions through examining documentation and tracing samples.
- CA Yash Kumar is a finance and accounting professional with over 3 years of experience in financial control, analysis, planning, payroll accounting, and cash management.
- He has experience finalizing financial statements and statutory books of accounts, overseeing cash flows, bank reconciliations, and financial reporting.
- Currently he works as an Assistant Manager at Jahajgarhi Agro Groups where his responsibilities include financial statement preparation, budgeting, accounting, and tax compliance.
This document provides an introduction to financial management and reporting presented by John Pace and Steven Lyons of Gelman, Rosenberg & Freedman CPAs. It discusses key financial statements including the balance sheet, income statement, cash flow statement, and equity statement. It also covers common internal reports such as budgets and cash flow projections. The presentation provides examples and explanations of financial reporting concepts and terminology.
This document is an International Standard on Auditing (UK) that provides requirements and guidance for auditors regarding subsequent events. It defines key terms related to subsequent events, such as the date of the financial statements and the date of the auditor's report. It outlines the auditor's responsibilities to perform procedures to identify events after the financial statement date that require adjustment to or disclosure in the financial statements. It also addresses the auditor's responsibilities if subsequent events are identified after the date of the auditor's report but before the financial statements are issued, or if they are identified after the financial statements have been issued. The standard is effective for audits of financial statements with periods ending on or after December 15, 2010.
Abdullah Aziz is an MBA finance professional with over 10 years of experience in accounting, finance management, and auditing. He has worked for multinational companies in Pakistan, Saudi Arabia, and the UAE. Abdullah has expertise in financial reporting, budgeting, cost analysis, and implementing financial controls. He is proficient in accounting software like Tally, Peachtree, and SAP. Currently, Abdullah works as the Assistant Director of Finance at Seagold Pvt. Ltd. in Pakistan.
IND AS 10 - Events after the Reporting PeriodRitvik Rungta
This document provides an overview of Indian Accounting Standard 10 (Ind AS 10) which deals with events after the reporting period. It defines key terms and outlines the accounting treatment and disclosure requirements for adjusting and non-adjusting events that occur after an entity's reporting period but before its financial statements are authorized for issue. The standard requires an entity to adjust amounts recognized in its financial statements for adjusting events and provide updated disclosures for certain non-adjusting events. It also addresses the assessment of an entity's ability to continue as a going concern if events after the reporting period indicate otherwise.
Vinod Kumar Poddar has over 15 years of experience in finance, accounts, audit, and taxation. He is seeking a senior managerial role in accounts, finance, or taxation. He has expertise in financial reporting, audit and taxation, commercial operations, and IT skills like Tally and MS Office. His career highlights include roles as Senior Manager at SSG Infratech Private Limited and Gimpex Ltd where he managed accounts, taxation, auditing, and commercial operations. Previously he was proprietor of a retail business and worked as a Manager at Sanjay Bhuwania & Co. Chartered Accountants. He holds a Bachelor's in Commerce, is a Cost Accountant and Chartered Accountant with experience in
You are welcome to check updated information about the upcoming events in 2015 from Bosco Conference.
The company was established in 2005 by experts in taxation, financial & conference services with more than ten years of experience in CIS, EU markets and worldwide.
Today Bosco Conference is a professional provider of annual conferences on international law, asset protection, wealth management, investment, taxation and consulting.
The audience of our events are professionals from over 30 countries.
In 2014, Bosco Conference team organized seven major international conferences in Kiev, Kharkov, Baku, Moscow, Almaty, St. Petersburg and Warsaw.
The total audience for the last year was more than 2000 persons.
Представляем программу мероприятий на 2014 год от Bosco Conference.
Компания была создана в 2005 году специалистами в области налогообложения, международных финансовых услуг, а также конференц-сервиса, более восьми лет работающих на рынках Украины, СНГ, ЕС и по всему миру.
Сегодня Bosco Conference – профессиональный организатор ежегодных международных конференций в области международного права, защиты активов, wealth management, инвестиций, налогов и консалтинга.
Аудиторию мероприятий составляют профессионалы из более чем 30 стран.
В 2013 году команда Bosco Conference организовала пять крупных международных конференций. Мероприятия прошли в Киеве, Донецке, Баку, Талине и Алматы. Общая аудитория за год составила более 1 500 человек.
Are the spectators the next big thing in video games? by Jerome Châtelain at ...ICEEFEST2013
This document discusses the potential for spectators and viewership in esports and video games. It outlines that esports have been growing for over 15 years, with competitions now attracting millions of concurrent viewers and prize pools in the millions. Esports are considered a real sport in Korea. The document proposes developing games, competitions, and viewing platforms with spectators and viewers in mind to continue growing esports audiences and revenues through increased streaming, spectating features in games, official rankings and team stories.
TaxPro-2013-Ukraine, Donetsk 18 April 2013
http://bosco-conference.com
Conference Programme
Investment Protection via Fiduciary Transactions and Escrow Accounts
Risks Control of Non-Resident Companies Ownership
RAK Investment Authority – Real platform for your international business
UK vs. US: tax implications of personal immigration
The Netherlands, your partner in business
1.Advantages of the Netherlands
2.Tax Planning opportunities
3.Recent developments
Estonian companies as the best tool for European business and integration in Europe in comparison with the traditional jurisdictions
Switzerland – gateway to Europe
1.Overview of swiss companies
2.Opportunities of creation various structures with Swiss companies
3.Trusts and Foundations
Protection of Information from political risks, natural disasters and inside leakage
EU legislation on business immigration. Business immigration to Slovakia
Transfer Pricing. The Updates in Tax Code of Ukraine
Программа конференции:
Защита инвестиций с помощью фидуциарных операций и счетов сделки
Контроль рисков владения оффшорными компаниями
Инвестиционное управление Рас Эль-Хайма – платформа для Вашего международного бизнеса
Великобритания vs. США: налоговые последствия частной иммиграции
Нидерланды – Ваш налоговый партнер в бизнесе:
1.Преимущества Нидерландов
2.Налоговые приоритеты и выгоды
3.Последние обновления в законодательстве
Эстонские компании как лучший инструмент для европейского бизнеса и интеграции в Европу в сравнении с традиционными юрисдикциями
Швейцария – окно в Европу:
1.Обзор швейцарских компаний
2.Возможности создания различных структур с помощью Швейцарии
3.Трасты и Фонды
Защита информации от политических рисков, катастроф и внутренней утечки информации
Законодательство ЕС о Бизнес-иммиграции. Бизнес иммиграция в Словакию
Трансфертное ценообразование. Новации Налогового кодекса Украины
Watch the information about upcomming 2014 events from Bosco Conference.
The company was founded in 2005 by experts in field of taxation, financial & conference services with more then ten years of experience on Ukrainian, CIS, EU markets and worldwide.
Today Bosco Conference is a professional provider of annual conferences on international law, asset protection, wealth management, investment, taxation and consulting.
The audience of events covers professionals from over 30 countries.
In 2013, Bosco Conference team organized five major international conferences in Kiev, Donetsk, Baku, Almaty and Tallinn. The total audience for the last year amounted more than 1500 people.
XI annual conference
INTERNATIONAL CORPORATE SOLUTIONS
2011- UKRAINE http://bosco-conference.com/en/
XI ежегодная конференция
МЕЖДУНАРОДНЫЕ КОРПОРАТИВНЫЕ РЕШЕНИЯ
2011- УКРАИНА
6-th of October 2011, Odessa,
This document discusses the roles and responsibilities of external auditors. It begins by explaining that external auditors provide reasonable but not absolute assurance that financial statements are free from material misstatement. It then covers auditor competency, the different types of audit reports, and the purpose of the audit report. Finally, it discusses public company oversight by the PCAOB and key auditing standards. The document provides an overview of the expectations and regulatory requirements for external auditors.
At the completion of the fieldwork on September 14- 2022- Arnold- a st.docxWilliamOqLHughesc
At the completion of the fieldwork on September 14, 2022, Arnold, a staff accountant of Pell \& Pell, CPAs, drafted an auditor's report. The draft report (shown below) was for the audit of the consolidated financial statements of Bond Co., a nonpublic company, for the year ended July 31, 2022. The report was submitted to the engagement partner who completed reviewing the audit working papers and reach a conclusion about the audit on September 29. When Arnold drafted the report, he considered the following: - Bond's consolidated financial statements for the year ended July 31, 2022 are to be presented for comparative purposes. Pell \& Pell previously audited these statements and appropriately rendered an unmodified report. - Bond has suffered recurring losses from operations and has adequately disclosed these losses and management's plans concerning the losses in a note to the consolidated financial statements. Although Bond has prepared the financial statements assuming it will continue as a going concern. Pell \& Pell has substantial doubt about Bond's ability to continue as a going concern. - Smith, CPA, audited the financial statements of BC Services, Inc, a consolidated subsidiary of Bond, for the year ended July 31, 2022. The subsidiary's financial statements reflected total assets and revenues of 15% and 18% , respectively, of the consolidated totals. Smith expressed an unqualified opinion andifurnished Pell \& Pell with a copy of the auditor's report. Smith also granted permission to present the report together with the principal auditor's report. Pell \& Pell decided to make reference to Smith's work. - Bond did not write-down the impairment of several assets included on the balance sheet as fixed assets. Although the amounts were immaterial, Arnold believed that management's failure to adjust the accounts created a significant. disagreement with the auditing firm that warranted an explanatory paragraph in the auditor's report. REQUIRED: Identify the deficiencies in the auditor's report (below) as drafted by Amold, the staff accountant at Pell \& Pell. Independent Auditor's Report Report on the Audit of the Financial Statements Qualified Opinion We have audited the consolidated balance sheets of Bond Company and subsidiaries as of July 31, 2022 and 2021 , and the related statements of income, cash flows, and retained earnings, and the related notes to the financial statements. In our opinion, based on our audits and the report of Smith, CPA, the consolidated financial statements present fairly, except for the matter of recurring losses discussed below, the financial position of Bond Co. as of July 31, 2022 and 2021, and the results of its operations for the years then ended. We did not audit the financial statements of BC Services, Inc., a wholly owned subsidiary. Those statements were audited by Smith, CPA, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for BC Services. Inc., is .
This document discusses key aspects of audit reports, including:
- The auditor's standard report provides an opinion on whether the financial statements are presented fairly and in accordance with GAAP.
- Audit reports typically include opinions on the financial statements themselves (balance sheet, income statement, etc.) and the related disclosures.
- Modifications to the standard report may be needed if certain conditions are present, such as material departures from GAAP or scope limitations.
- The auditor's report for public clients follows specific requirements regarding titles, addresses, references to auditing standards, and inclusion of opinions on internal control over financial reporting.
- The opinion paragraph states the auditor's opinion on whether the financial statements
The document summarizes key changes to auditor reporting standards in India, including:
1) A new section on Key Audit Matters which communicates matters of most significance in the audit.
2) Enhanced descriptions of management and auditor responsibilities relating to going concern assessments and disclosures.
3) Expanded descriptions of the auditor's responsibilities, including clarifying the concept of a risk-based audit and specific matters like fraud and internal controls.
The document provides an overview of different sources of financial information that can be used for lending decisions and their relative strengths and weaknesses. It discusses management-prepared financial statements, CPA-prepared financial statements at different assurance levels (compiled, reviewed, audited), income tax returns, and other sources of data. CPA-prepared financial statements provide varying levels of assurance depending on whether they are compiled, reviewed, or audited. Compiled statements provide no assurance, reviewed provide limited assurance, and audited provide an opinion that the statements are not materially misstated. The costs for the different levels of CPA-prepared statements are also summarized.
Planning: Auditors gain insights into an organization and sector, pinpoint major areas of audit risk, and create an audit strategy to deal with these risks.
Internal controls are checked by the independent auditor in the organization's financial reporting. Controls over the approval, recording, and communication of financial transactions fall under this category.
Substantive Procedures: In order to acquire data pertaining to disclosures made in the audited financial statements, the auditor does tests on transactions and balance details.
Evaluation and Reporting:To establish whether the accounts receivable are free of major misstatements, auditors analyze audit evidence. They publish audit reports which include the results of their financial statements.
The decision of the auditor may be disqualifying (clear), qualified (with limitations), favorable (the report fails to accurately reflect the financial status), or disclaimer (the auditor is not authorized to make an opinion).
Financial statements are prepared by a company's management to provide information on financial performance and position to outside users. They generally include a balance sheet, income statement, statement of cash flows, and statement of owner's equity. Financial statement analysis involves reviewing these statements to evaluate a company's risks, performance, financial health and future prospects. The statements provide recorded facts based on accounting records and conventions but also involve some personal judgment in their preparation.
Financial accounting is the process of Accounting all incomes, expenses, assets & liabilities in monetary terms, thus enabling preparation of principal financial statements. This first lesson as a part of Financial Accounting is brought to you by Welingkar’s Distance Learning Division.
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This document is the consolidated financial statements of Hyundai Card Co., Ltd. and its subsidiaries for the years ended December 31, 2018 and 2017. It includes the consolidated statements of financial position, consolidated statements of comprehensive income, consolidated statements of changes in equity, consolidated statements of cash flows, notes to the consolidated financial statements, and an independent auditor's report. The independent auditor's report indicates the consolidated financial statements were audited in accordance with Korean Standards on Auditing and present fairly the financial position and financial performance of Hyundai Card Co., Ltd. and its subsidiaries.
Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time.
- Hyundai Commercial, Inc. published its financial statements for the years ended December 31, 2018 and 2017.
- As of December 31, 2018, the company's total assets were KRW 8,544.7 billion, an increase from KRW 7,748.8 billion in the previous year. Major assets included loans receivable, installment financial assets, and lease receivables.
- As of the same date, total liabilities were KRW 6,837.5 billion, up from KRW 6,132.5 billion in 2017. The main liabilities were borrowings and debentures.
The document provides an overview of auditing concepts including the scope and objectives of an audit, financial statement assertions, audit evidence, materiality, audit risk, audit opinions, and standards. It discusses key concepts such as the purpose of an audit being to obtain reasonable assurance about whether financial statements are free of material misstatement, and defines the different types of audit opinions that may be issued. The document also outlines the general principles of an audit, including complying with ethical standards and audit standards, and maintaining an attitude of professional skepticism.
The document discusses the new auditor's report requirements that will take effect for audits ending on or after December 15, 2016. Key changes include adding a new section to communicate key audit matters, revising descriptions of management and auditor responsibilities related to going concern, and enhancing descriptions of the audit performed and auditor responsibilities. The new requirements are aimed at making auditor's reports more informative and relevant to financial statement users. The document provides an overview of the new requirements and compares the format of reports under the revised standards versus the current format. An illustrative example of the new auditor's report is also included.
The document is a proposal from an audit firm to Golden Harvest Farmers Association to audit the company's 2022 financial statements. The proposal outlines the objectives of obtaining reasonable assurance that the financial statements are free from material misstatement. It describes the audit methodology, including examining evidence to test transactions and assess estimates. It defines the responsibilities of the auditors to identify risks, evaluate internal controls, and issue an opinion on whether the financial statements fairly represent the financial position of the company. It also defines the responsibilities of management to take ownership of the financial statements and designate someone to oversee the audit.
ISA 570 (Revised) Going Concern - الاستمرارية Daoud Sobh
This document provides an overview of ISA 570 (Revised), which deals with the auditor's responsibilities relating to going concern and the implications for the auditor's report. It outlines the key requirements of ISA 570 (Revised), including the auditor's responsibilities to evaluate management's assessment of the entity's ability to continue as a going concern, describe management's and the auditor's responsibilities relating to going concern in their reports, and determine the impact on the auditor's report if a material uncertainty exists regarding going concern. The document also provides examples of new reporting requirements and an illustrative independent auditor's report.
The document provides an overview of understanding financial statements. It discusses key terms like audited, unaudited, and certified public accountants. It describes the Sarbanes-Oxley Act which created the PCAOB to oversee accounting in response to Enron and WorldCom. The PCAOB oversees accounting firms and audits. Key SEC filings include the 10-K, 10-Q, and 8-K. The annual 10-K report includes strategy, auditors report, financial statements, and management discussion.
This document contains the consolidated financial statements of Hyundai Capital Services, Inc. and its subsidiaries as of December 31, 2022. It includes the consolidated statements of financial position, comprehensive income, changes in equity, and cash flows. The consolidated statements of financial position shows the company had total assets of KRW 38.6 trillion and total liabilities of KRW 33 trillion. Total equity was KRW 5.6 trillion, with issued capital of KRW 496.5 billion and retained earnings of KRW 4.6 trillion.
This document provides an overview of topics covered in Accounting Day 2, including:
1. A review of debit and credit concepts through quizzes.
2. An introduction to key financial statements - the income statement reflects profitability, the balance sheet reflects financial position, and the cash flow statement shows cash inflows and outflows.
3. How transactions affect the income statement and balance sheet through accrual-based accounting adjustments.
The document then explores each financial statement in more detail, defining their purpose and key components like assets, liabilities, and equity for the balance sheet, and revenues and expenses for the income statement. Sample statements are provided for illustration.
Similar to How to make more money - Part 2 -circa 1997 (20)
Security what it means to your business - circa 1999Chaim Yudkowsky
- Security is a major concern and risk for businesses, with 64% of companies experiencing a breach and 79% of executives viewing it as the top business challenge.
- The majority (60-80%) of security risks come from within a company from its own employees, whether intentional or unintentional.
- Businesses need strong security policies around passwords, access controls, and testing to protect their networks, applications, data, and systems from both internal and external threats.
- The MAS90 accounting software has security features for various modules and functionality that should be configured appropriately based on a company's needs.
This document outlines 10 commandments for buying technology that advise ignoring media hype, not being the first to adopt new technologies, letting user needs determine what to adopt, understanding the processes being automated, selecting software before hardware, talking to users before purchasing, spending time planning and strategizing, establishing usage rules, investing in training, and not forgetting about formal training as well.
This document provides guidance on creating effective graphs by addressing key questions about the message, purpose, design, and details of a graph. It suggests considering what the graph should communicate, why the message is important, and which graph type best presents the data. The document also recommends ensuring graphs have appropriate scale, context, spelling, and orientation to clearly convey the intended message to the intended audience.
This document provides an overview of financing options, the role of accountants, components of an effective business plan, and financial documents needed for a business loan. It discusses sources of financing like commercial lenders, government programs, and secondary markets. It also outlines the accountant's knowledge of financing sources and tax implications, and components of a business plan like purpose, description, management, products, and financial projections. Finally, it lists financial documents required for a loan like tax returns and financial statements, and considerations for loan structuring like repayment terms and debt amortization.
Stretching your tech dollars lawyers circa 1994Chaim Yudkowsky
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This document discusses the Year 2000 problem and its potential impacts. It provides the following key points:
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- Organ
Y2k presented at Towson University December 1998Chaim Yudkowsky
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More extensive Y2K based training focused on the challenges of the time for small and midsized business preparedness technologically. Also, interesting historically based on what actually happened. Delivered in many settings over about 18 months.
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The document discusses cash flow planning and management for businesses. It introduces cash flow planning software called "Up Your Cash Flow" that helps users understand and control cash flow. The software guides users through entering basic company information and financial data to develop cash flow, profit, and balance sheet forecasts. Comparing actual financial results to forecasts reveals discrepancies and allows users to identify issues impacting cash flow and profitability in order to make necessary changes. Developing comprehensive cash flow plans is important for businesses to know their cash needs and sources, and to avoid cash flow problems.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
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Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
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Discover innovative uses of Revit in urban planning and design, enhancing city landscapes with advanced architectural solutions. Understand how architectural firms are using Revit to transform how processes and outcomes within urban planning and design fields look. They are supplementing work and putting in value through speed and imagination that the architects and planners are placing into composing progressive urban areas that are not only colorful but also pragmatic.
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HR search is critical to a company's success because it ensures the correct people are in place. HR search integrates workforce capabilities with company goals by painstakingly identifying, screening, and employing qualified candidates, supporting innovation, productivity, and growth. Efficient talent acquisition improves teamwork while encouraging collaboration. Also, it reduces turnover, saves money, and ensures consistency. Furthermore, HR search discovers and develops leadership potential, resulting in a strong pipeline of future leaders. Finally, this strategic approach to recruitment enables businesses to respond to market changes, beat competitors, and achieve long-term success.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
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[To download this presentation, visit:
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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How to make more money - Part 2 -circa 1997
1. How to MakeHow to Make
More MoneyMore Money
Part 2Part 2
presented bypresented by
Chaim Yudkowsky, CPAChaim Yudkowsky, CPA
Grabush, Newman & Co., P.A.Grabush, Newman & Co., P.A.
410-296-6300 www.gnco.com www.byteofadvice.com
3. Understanding FinancialUnderstanding Financial
StatementsStatements
What are financial statements?
Principles in preparation of financials
Cash vs. accrual accounting
Role of the public accountant
What do statements tell management?
Using financial ratios
What we will learn:What we will learn:
4. What Are FinancialWhat Are Financial
Statements?Statements?
A picture in time of the financial resultsA picture in time of the financial results
of the operations of the business.of the operations of the business.
5. Underlying Principles in theUnderlying Principles in the
Preparation of thePreparation of the
Financial StatementsFinancial Statements
G.A.A.P.
(Generally Accepted Accounting Principles)
6. Examples of G.A.A.P.Examples of G.A.A.P.
The matching process
Conservative
Assets are recorded at cost
Stable dollar
Consistency
“Going concern”
10. 1.1. Billed $2,000, 000 for services.Billed $2,000, 000 for services.
2.2. Paid all operating expenses.Paid all operating expenses.
3.3. Did not collect money from the $2,000,000 in billings.Did not collect money from the $2,000,000 in billings.
ACCRUAL CASH
Fees $2,000,000 $0
Operating Expenses <1,250,000> <1,250,000>
Profit/<Loss> $750,000 <$1,250,000>
IllustrationIllustration
11. Although the accrual method is recommendedAlthough the accrual method is recommended
for most businesses, the following typesfor most businesses, the following types
of businesses may benefit from usingof businesses may benefit from using
the cash method for taxation:the cash method for taxation:
Law firms
Accounting firms
Dental practices
Medical practices
Architects
Advertising agencies
Other service providers
12. Role of the Accountant inRole of the Accountant in
Preparing Financial StatementsPreparing Financial Statements
COMPILATION
– Lowest level of reporting
– No opinion rendered
13. Compilation Report -Compilation Report -
Accrual BasisAccrual Basis
“. . .
A compilation is limited to presenting in the form of
financial statements information that is the representation of
management. We have not audited or reviewed the
accompanying financial statements [and supplementary
schedules] and, accordingly, do not express an opinion or
any other form of assurance on them.
. . .”
14. REVIEW
– Negative assurances rendered
Role of the Accountant inRole of the Accountant in
Preparing Financial StatementsPreparing Financial Statements
15. Review Report - Accrual BasisReview Report - Accrual Basis
“. . .
A review consists principally of inquiries of Company personnel
and analytical procedures applied to financial data. It is
substantially less in scope than an audit in accordance with
generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statements
taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material
modifications that should be made to the accompanying financial
statements in order for them to be in conformity with generally
accepted accounting principles.
. . .”
16. AUDIT
– Highest level of reporting, though no
assurance that fraud can be detected
– Positive assurances rendered
– Management letters provided
Role of the Accountant inRole of the Accountant in
Preparing Financial StatementsPreparing Financial Statements
17. Independent Auditors’ ReportIndependent Auditors’ Report
“. . .
We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the combined financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the combined financial
statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all
material respects, the financial position of Company as of Date and the results
of their operations and their cash flows for the years ended in conformity with
generally accepted accounting principles.
. . .”
18. The Financial StatementsThe Financial Statements
Disclose to Management…Disclose to Management…
What assets have we
accumulated?
and
What liabilities have we
incurred?
23. The Financial StatementsThe Financial Statements
Disclose to Management…Disclose to Management…
Did we make a profit?
24.
25. The Financial StatementsThe Financial Statements
Disclose to Management…Disclose to Management…
Where did our cash come
from and go?
26.
27. A Poetic PerspectiveA Poetic Perspective
Never ask of money spent
Where the spender thinks it went.
Nobody was ever meant
To remember or invent
What he did with every cent.
--Robert Frost