Identify one public sector entity (SOSCO Malaysia)and one private sector entity (AIA Malaysia) and compare their financial statements.
Report on the similarities and differences between the two sets of financial statements. (2017 yearly report)
State your basis of selecting the two entities.
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Report on the similarities and differences between the two sets of financial statements.
Identify similarities and differences between the Standard Unmodified Opinion Audit Report for a U.S. Nonpublic Company (AICPA makes auditing standards) and the Standard Unmodified Opinion Audit Report for a U.S. Public Company (PCAOB makes auditing standards). Do more than use general terms; you need to be specific. Concerning a public company, it is registered with the Securities & Exchange Commission (SEC) and its stock or equity is exchanged through a market like the New York Stock Exchange, or NASDAQ, etc....
Audit report • To whom is the auditors' report addressed? • Identify the major sections of the auditors' standard unqualified report for a nonpublic entity and public entity. • What does the date shown at the bottom of auditor's report indicate? Why are they different from those shown at the first paragraph of the report? • What are the major differences in the auditors' report for nonpublic and public entities? • What alternatives are available to auditors for reporting on...
What are the key differences and similarities between public health and health care delivery? Compare and contrast your findings with US health systems with one other developed country.
Write a 700- to 1,050-word paper that analyzes the differences between generally accepted accounting principles for public and private colleges and universities. Explain why it is important to identify whether the institution is public or Private. Clarify which of the two-public or private-follow the same reporting guidelines as nongovernmental not-for-profit organizations. Analyze, in general terms, the financial statements that must be prepared by a private college or university and those that must be prepared by a public college or university...
Write a 700- to 1,050-word paper that analyzes the differences between generally accepted accounting principles for public and private colleges and universities. Explain why it is important to identify whether the institution is Public or Private. Clarify which of the two—public or private—follow the same reporting guidelines as nongovernmental not-for-profit organizations. Analyze, in general terms, the financial statements that must be prepared by a private college or university and those that must be prepared by a public college or university....
In your own words, identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges. Identify one stock from each of the two stock exchanges. Using the two stocks you identified, determine the free cash flow from 2015 and 2016. What inference can you draw from the companies’ free cash flow? Using the 2017 and 2018 financial statements for both stocks, prepare two financial ratios for each of the following categories: liquidity...
The principles regarding leases were recently updated by FASB as discussed in the textbook. Explain two main differences between capital and operating leases. Using a public company different from your project, locate the lease disclosures in the notes to the financial statements. Identify the types of leases the company has and explain how you can tell which types of leases are used. Participate in follow-up discussion by comparing the lease reporting of your company to that of a classmate's company...
23. Financial markets: What are the major differences between public and private markets? 24. Financial instruments: What are the two risk-hedging instruments discussed in the chapter?
Describe a) what you believe to be the most important COSO component; and b)why. (If for some reason your mind has taken a nap, see question #2 which identifies all 5). Accountants utilize the body of knowledge called GAAP in the performance of their duties partly to ensure comparability and consistency in the preparation of accounting records / financial statements. Auditors on the other hand perform their responsibilities following GAAS as defined within the AICPA SASs or PCAOB Auditing Standards. What does this...
The consolidation of financial statements for entities with subsidiaries in multiple countries presents the most challenging difference between IFRS and US GAAP. It would make the most sense for an expanding global economy, that each country agrees upon one way of processing and presenting financial data. This migration may eventually happen, but will most certainly take some time and be quite costly (Forgeas, 2008). IFRS and US GAAP differ in determining how financial statements are consolidated on the basis of...