Relevant Audit Procedures and Evidences in Verifying the Transaction Accounting in Auto World Free Essay Example, 2000 words

There are, however, two conditions Auto World must meet before accounting for Pit Stop as a separate component and these are the conditions on whether Pit Stop shall be reported as a discontinued operations (SFAS No. 144, Par. 42) or not. These two conditions, according to Par. 42 of SFAS No. 144, are that Pit Stop s operations and cash flows will be significantly eliminated after the sale and that Auto World will have no significant influence on Pit Stop s future operations. The second condition was already met based on the declaration of Auto World that the royalty agreement does not give Auto World significant influence over the operations of Pit Stop. As to the first condition on the elimination of operations and cash flows, we use here as a basis the contents of EITF Issue No. 3 13. According to EITF Issue No. 3 13, if the cash flows will be considered direct and significant to the total operations of Auto World as per its definition, the sold operations will not be consider ed a discontinued one. In Auto World s case, the royalty fees that it will receive after the disposition of Pit Stop are not direct cash flows as these are not the same as those generated by Pit Stop prior to its disposal. We will write a custom essay sample on Relevant Audit Procedures and Evidences in Verifying the Transaction Accounting in Auto World or any topic specifically for you Only $17.96 $11.86/page This can be done through the following: (1) inquire from management the business purpose of Pit Stop, how Pit Stop relates to the rest of the operations of Auto World and how management analyzes the operations and financial results of Pit Stop.

Book Report on Lauren Henderson´s Flirting in Italian

Flirting in Italian The title of the book I read is called â€Å"Flirting in Italian,† By Lauren Henderson. This book is about a teenage girl who has the love and deep interest for art and history art. She finds herself going to Italy to find answers of the painting, that resembles her very much, she saw at a museum back at home. The novel begins with a teenage girl named Violet Routledge from England. She loves art, especially history art. One day she stumbled upon a painting of a woman that looks exactly like her, it was like it was her twin, but that was impossible because the painting was ancient history. Since the painting was not famous she couldn’t bring home a replica of it so she secretly took a picture of the painting. Violet was so amazed by the resemblance that she started wondering if she was related to that woman. She also thought that her parents may not be her real parents and she would begin bouncing around ideas that she could possibly be adopted, sin ce she doesn’t seem to look like her parents. She concluded that she is going to go to Italy during the summer and find out about the painting that was originally from â€Å"Castello di Vesperi, in Tuscany.† So she goes home to tell her mother, who decided that it was a marvelous idea to go to spend the summer in Italy, but told her mother that she wanted to go alone. Her disappointed and understanding mother said yes. It made her feel guilty since she wanted to be away from her mother. Later she arrived at Italy with

Battalion Commander free essay sample

I would be able to move the Jaguar Battalion to become a more productive and motivated set of cadets that we have seen since my freshman year in JROTC. I have numerous plans to achieve these goals and will more likely be able to acomplish them by doing the following; having company set goals, a fundraising chart to have an interactive view on which company is raising more money, fitness charts set around each JROTC room to show cadets proper movements on excercises, stretches, fitness goals and proper diets to help maintain and have a healthy body. I will also have Cadet Challenge requirement guidelines in each room to help cadets know what they need to achieve in order for them to recieve special awards or high scores on the Cadet Challenge when the date comes. These are just few of many ideas that I have to help and improve our Jaguar Battalion to become the best battalion we have ever seen in ELCHS. We will write a custom essay sample on Battalion Commander or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I should recieve this postion due to my high leadership skills, manager skills that I have learned while being employed, fast-paced thinking for certain situations and my ability to maintain proper patience and social communication skills to help with any situation that rises in the battalion. I am highly motivated and very determined in ELLA (East Lee Leadership Academy) and will have no problem to help motivate cadets to not only have proper skills needed for their high school year, but to also become open-minded and organized individuals. I have made many faults in JROTC and I am well aware of my decisions that I have made, but I have also learned from those mistakes and will only move forward to make sure that East Lee has a stable and enthusiastic leader to help lead cadets in the battalion. I was unsecure and was very reliant on others and their opinions, But I am now able to move pass those negative qualaties that held me back as a leader and will be able to move forward and lead without any quandry or other problematic situations that arose in previous years. I have also made a huge decision in the middle of my JROTC campaign that caused numerous problems with where I would be put in certain teams and events, But I promise you and will reassure you that all is well and I am now more self-reliant and conident and promise not to cause anymore problems with that situation. I have learned a lot through these passed years and Im glad to say that I will be able to lead anyone in the leadership academy to become motivated and receptive individuals. I hope you take this letter to consideration due to the time and effort I put into it and I promise I will be one of the best and hard-working Battalion Commanders that ELCHS has ever seen the passed years and will lead others for one day they might be the same.