Day: August 8, 2020

Advise Tyrone of any breaches of the ASX’s ‘Corporate Governance Principles and Recommendations’ and what action (if any) will need to be taken by JDM.

Length: 1,500 words Background You are the audit manager of JDM, an accounting firm with offices in the Sydney metropolitan area. JDM is a middle tier auditing firm specialising in the audit of firms in the manufacturing and property development industries. During May 2020 you met with the audit senior of JDM, Tyrone Vickery, to discuss […]

Calculate the total cost of financing your home purchase (interest plus PMI).

You are planning to purchase a house that costs $480,000. You plan to put 20% down and borrow the remainder. Based on your credit score, you believe that you will pay 3.99% on a 30-year mortgage. 1. Use function “PMT” to calculate your mortgage payment. 2. Use function “PV” to calculate the loan amount given […]

Implement the integrated accounting system through completion of the following steps

Implement the integrated accounting system through completion of the following steps: 1. In accordance with the organisational requirements, policies and procedures, implement the general ledger, chart of accounts, and subsidiary accounts. Provide evidence of the general ledger, chart of accounts, and subsidiary accounts. 2. In the system, set up the customers, suppliers and inventory items, […]

prepare the planning for a new audit client, Helping the Needy (“HTN”).

You are the Audit Manager and you are preparing the planning for a new audit client, Helping the Needy (“HTN”). It is a very large charity with revenues exceeding $100 million annually and has an April 30, 2016 year end. This is the first audit for HTN. Your firm is excited about this new client […]