Roman Holiday Pizza's treatment of fair market valuation and other accounting issues, and assesses their business risk and accounting controls. Roman Holiday Pizza is a restaurant franchise that has undertaken a strategy of growth through reacquiring franchise rights. Accounting for those reacquisitions raises serious issues during the audit process.
SAS 109 states that the auditor must gain a sufficient understanding of the entity and its environment, including its internal control, so that the auditor can determine the risk of material misstatement of financial statements, either because of error or fraud. There are red flags in Roman Holiday's environment.
According to the audit team, Roman Holiday has been growing faster than other firms within the industry, but analysts expect that growth rate to slow. Annual sales growth for firms in the restaurant industry was 4.3% for the preceding year, 2006. During recent years, most of Roman Holiday's growth came from acquisitions of…...
Tetra Tech EC & Risk Assessment
Discuss the evaluation of the risk management and compliance process at Tetra Tech
The risk management and compliance process at Tetra Tech is -- if you want to use a buzzword more often associated with the digital revolution than with a waste management enterprise (like, frankly, Tetra Tech) -- "crowdsourced."
Certain aspects of Tetra Tech's process seem almost enthusiastically aware of the SOX provisions protecting corporate whistle-blowers (of the sort who might have ratted out Enron or the sleaziest subprime-mortgage-vendors of the Florida panhandle a bit sooner than actually occurred, and whom Sarbanes-Oxley seems positively to encourage) as outlined in Fletcher and Newell's study of Tetra Tech: they quote management as stating to the employees "You have an obligation to raise your hand and say if I do it the way you are making me do it, it is not going to be optimal. Everything is about…...
International Business Risks
The Risks of International Business
There are a number of challenges in conducting business internationally that are not issues for local companies. hile each foreign country may have its investment potentials, many also harbor risks only associated with global business activity. Sometimes the risks involved in doing business in a particular country exceed the benefits.
Here is a brief overview of some of the risks multi-national corporations face while doing business in foreign countries. 1) Strategic risk involves the ability of a firm to make strategic decisions in order respond to the forces that are a source of risk. These forces, such as the threat of new entrants in the industry, threat of substitute goods and services, intensity of competition within the industry, bargaining power of suppliers, and bargaining power of consumers, impact the competiveness of a firm. 2) Operational risk is the threat caused by the breakdown of machineries,…...
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Works Cited
Kurtz, D.L. (2010). Contemporary Business. 13th ed. Hoboken, NJ: John Wiley & Sons In
Business Risks -- Overview of the Risk Environment
There are various types of business risks in the business environment, and these risks, of course, can differ from environment to environment depending on the type of business or organization. The severity and category of the risk also depends on the largeness of the organization and on various other factors, such as location, personality of employer, quantity of employees employed, and so forth (Crockford, 1986).
Generally, the most common risks are the following:
Workplace safety -- Every workplace environment runs the risk of not evidencing workplace safety according to the regulations of Occupational afety and Health Environment (OHA). Workplace safety applies to conditions of safety that exists both between workplace manager and his employees and between workplace and those who frequent, or profit from the services of the workplace. As regards the hospitality industry, for instance particularly the spa, workplace safety is inordinately important since…...
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Sources
APEC International Center for Sustainable Tourism (AICST) (2004), 'Tourism Risk Management in the Asia Pacific Region', APEC
APEC International Center for Sustainable Tourism (AICST) (2006) "Tourism risk management: An authoritative guide to managing tourism.."
APEC Tourism Working Group (2001), 'Statement on the Impact of Tourism of the September 11 Terrorist Attacks in the United States', APEC
isk Management in Family Owned Businesses
A family business can be simply described as "any business in which a majority of the ownership or control lies within a family, and in which two or more family members are directly involved" (Bowman-Upton, 1991). In other words, it is a multifaceted, twofold structure consisting of the family and the business meaning that the involved members are both the part of a job system and of a family system (Bowman-Upton, 1991).
Most families seek stability, intimacy, a sense of community, and belonging through the family business (Hess, 2006). On the other hand, whenever family and business are mentioned together, a majority of people think of continuous conflict, competition and contention (Crenshaw, 2005). However, "successful family businesses do not let the family destroy the business or the business destroy the family" (Hess, 2006).
The family-owned businesses are the backbone of the world financial system. According to a…...
Caspar, C., Dias, A.K., & Elstrodt, H. (2010, January).The Five Attributes of Enduring Family Businesses. Retrieved August 15, 2012 from Downloads/McKinsey Quarterly - Jan 2010.pdfhttp://www.businessfamily.ca/cert_register_files/Web
There are discrepancies encountered in conducting the valuation and risk of a private company. There arises these factors that if investigated can impact the process accordingly. The first research question that I suggest is investigating if the tax risk and equity market value exhibit a concave association, which is consistent with the optimal tax risk level from a valuation of equity standpoint. The second topic that can be researched upon is the changes facing the risk and value valuation service area for businesses and how they impact the practice. Finally, a study on how the Merger and Acquisitions revised standards are impacting business deals.
eferences
Chandra, U., & o, B.T. (2008). The role of revenue in firm valuation. Accounting Horizons,
22(2), 199-222. etrieved from http://search.proquest.com/docview/208923683?accountid=35812
Darrough, M., & Ye, J. (2007). Valuation of loss firms in a knowledge-based economy. eview of Accounting Studies, 12(1), 61-93. doi: http://dx.doi.org/10.1007/s11142-006-9022-z
Bernier, G., & idha, M.M. (2010). On the…...
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References
Chandra, U., & Ro, B.T. (2008). The role of revenue in firm valuation. Accounting Horizons,
Darrough, M., & Ye, J. (2007). Valuation of loss firms in a knowledge-based economy. Review of Accounting Studies, 12(1), 61-93. doi: http://dx.doi.org/10.1007/s11142-006-9022-z
Bernier, G., & Ridha, M.M. (2010). On the economics of postassessments in insurance guaranty funds: A stakeholders' perspective. Journal of Risk and Insurance, 77(4), 857-892.
One of the critical investments a small business can make to mitigate loss and risk is hiring a CPA and putting that CPA on the 'management team.' As Wells notes in his groundbreaking research, "Denise, a bookkeeper for a small trucking firm in irmingham, Alabama, wishes she had never heard of Ralph Summerford, CPA. ecause of his thoroughness, Denise is facing several years in prison for embezzling $550,000 from her employer. At least she will look good standing before the sentencing judge: Denise spent a great deal of her illegal loot on head-to-toe cosmetic surgery. She blew the rest on a shiny new Lexus, luxury vacations, clothing and jewelry. And, of course, Denise had to have a big house to store all of her finery." (Wells, 2003)
Surprisingly, it was not at all the fancy standard of living that made her employer suspicious. "The owner was…...
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Bibliography
Wells, Joseph. 2003. Protect small business: small companies without adequate internal controls need CPAs to help them minimize fraud risk. Journal of Accountancy.
Small Business Administration. 2005. www.sba.gov.
Federal Reserve Bank. 2004. www.federalreserve.gov.
AICPA. 2005. At www.aicpa.org/antifraud/training/homepage/htm.
Business Finance for PizzaPalace: Analyze and recommend optimal capital structure
Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The company's EBIT was $50 million last year and is not expected to grow. The firm is currently financed with all equity, and it has 10 million shares outstanding.
When you took your corporate finance course, your instructor stated that most firms' owners would be financially better off if the firms used some debt. When you suggested this to your new boss, he encouraged you to pursue the idea.
As a first step, assume that you obtained from the firm's investment banker the following estimated costs of debt for the firm at different capital structures:
P e r c e n t FI n a n c e d w I t h D. e b t, w d r d
0%
8.0%
8.5
10.0
12.0
If the company were to recapitalize, then…...
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References
AccountingforManagement.com. (2011). Operating leverage and DOL. Retrieved May
Befoe discussing what the coe activities the company undetakes to achieve its opeational objectives, it is vital to highlight these opeational objectives. The following section gives a bief oveview of these objectives:
OPERATIONAL OBJECTIVES
The stategic objective of Taste Inn is to become the most liked band among its customes, a financially and opeationally stong company in the eyes of its investos, and a competitive paticipant in the food and hospitality industy of Austalia. The majo opeational objectives of the company include:
A stong custome base:
The most impotant opeational objective of the company is to stengthen its custome base by attacting moe and moe customes towads its poduct offeings. It aims to build a stong public image in the eyes of its customes and the society in which it opeates.
Become a financially and opeationally stong copoation:
The second most impotant opeational objective of the company is to become…...
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references
Introduce products with innovative taste and new ingredients, use extensive marketing campaigns
Introduce products with innovative taste and new ingredients,
The objectives of this project will result in a reduced security risk due to incoming spam and junk email messages. Achievement of the objective will be difficult to measure because it represent something that will not happen if the project is successful. A reduction in threats due to the actions or inactions of employees will result in achievement of these objectives. An employee questionnaire or survey would be useful in determining if the policies result in a greater awareness and adherence to prescribed policies regarding how to treat spam in the company. Increased awareness and willingness to take actions to increase security, as measured by a survey conducted some time after the policies are in place will provide insight into the success or failure of the prescribed measures.
Evaluation
There are several contributing factors that will affect the outcome of the project and the ability to achieve the intended objectives of the…...
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References
D'Antoni, H. 2003. Span Tests Employees' Productivity, Patience. Information Week. May 13, 2003. [online]
McCusker, R. (2005). Spam: nuisance or menace, prevention or cure? Trends and Issues in crime and criminal justice. March 2005. No. 348. [online] [Accessed 17 March 2009].http://www.aic.gov.au/publications/tandi2/tandi294.pdf
Winslow, L. 2005. SPAM Killing Small Business Productivity. Ezine Articles. [online]
isk Analysis
It is a sound practice for companies to perform an assessment on a regular basis to determine any possible threats that can harm the company internally or externally. There are many different facets to risk analysis from assessing on a regular basis which leads to identifying risks and determining what measures should be taken for each risk. All companies should go through this process so that they know how to manage any risk that their company might face. Not only should companies know what their risks are, they should also know which risk poses high and low threats. This will help them to determine what is considered an acceptable risk and what isn't. Because the business environment is ever-changing and information is constantly flowing globally, risk analysis is a necessity (Startiene and emeikiene, 2007).
Organizations should take risk analysis to protect what they value. This could be employees, hardware, software,…...
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References
Day, G.S. (2007). Is it real? Can we win? Is it worth doing? Managing risk and reward in an innovation portfolio. Harvard Business Review, 85(12), 110-120.
Startiene, G., & Remeikiene, R. (2007). Methodology of business risk analysis and its practical application in the enterprises working in the global market. Engineering Economics, 3(53), 7-16.
isk Assessment and Management
isk management refers to s strategies adopted by an organization in order to protect itself from the foreseeable and unforeseeable dangers related to its operations. This is possible when a proper assessment of the risks and their causes is done. Uncertainties in a business may come from the change in government policy, shift in tastes and preferences, and fall in demand in the market (McClure, 2011). This study identifies ways in which business operations can be improved through proper risk assessment and management strategies.
Ways to assess risk
isk assessment in a business requires the use of several metrics and measures such as market and performance analysis in its operations (Adams, 1999). In the present times in most businesses, the role of management much includes risk management. It also includes the making of plans to incorporate all the stakeholders in the firm for the purposes of establishing a platform…...
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References
Adams, J. (1999). Risky Business: The Management of Risk and Uncertainty. London: Adam Smith Institute (Electronic Resource).
Borodzicz, E.P. (2005). Risk, Crisis, and Security Management. New York: Wiley
Briggs, R., & Edwards, C. (2006). The Business Of Resilience: Corporate Security For The 21st Century. Demos (Organization: London, England) 2006 (Electronic Resource)
Hood, C., & Jones, K.C. (1996). Accident and Design: Contemporary Debates In Risk Management. London: Routledge
As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The Farmery therefore needs to focus on two or three key elements to ensure adequate market penetration.
The first of these is location. Let it not be understated that location, location, location is critical to the success of any retail business. Because food is not normally something that people are willing to travel more than a few miles for, it is important that the Farmery target a neighborhood where there is a high concentration of individuals that fit the target market. There…...
In that egad, convenience, poximity to thei wok place and speed of pepaation sevices ae the most citical elements fo the success of the ventue with this custome demogaphic. By the same token, these customes ae less likely to be eached by online apps o Twitte and moe likely to espond to the mee poximity of the sevice van to thei places of business and physical outes leaving thei offices and businesses.
Opeational Incopoation of Demogaphic Chaacteistics
Just as poximity of sevice is citical to the success of the ventue to univesity students on campus, it is also cucial to the success of the ventue with woking non-student pofessionals employed in businesses within the immediate vicinity of the USC campus. Moeove, because the individuals in this custome demogaphic will pobably pefe to avoid having to actually ente the USC campus to patonize the sevice van, it would be advisable to situate…...
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references and they would tremendously appreciate the opportunity of accessible and convenient international cuisine.
Operational Incorporation of Demographic Characteristics
Since preparation of a wide range of authentic high-quality international cuisine could be problematic, especially if it sought to provide multiple different ethnic dishes, it would be advisable to select one or two of the most common and recognizable menu items likely to be appreciated by international customers rather than attempt to maintain to broad a menu at the expense of quality. Training of food preparation personnel would be crucial in this regard because it is anticipated that international customers will not try the fare more than once if it is unsatisfactory.
Marketing Avenues
The principal marketing approach would be to employ outside professional services to translate marketing messages and to disseminate them through the same digital media as the main marketing initiatives. However, it would also be advisable to publish print advertisements of international cuisine specialties in conjunction with discount coupons in the local print media (i.e. foreign language newspapers) typically relied upon by many foreign students and available in the homes of those students who live at home within first-generation immigrant families in the community.
Business Proposal
Finding a Solution to Our Camera Failure Problems at Images Studio
Images Studio is a full service photography studio offering multiple photography services. For more than 15 years, Images Studio has been capturing life's memorable moments. Our creativity, knowledge and caring, professional service provide our clients with images of the highest quality. Our clientele choose Images Studio because they can be assured we deliver on our promises of exceptional quality and service.
hile we specialize in elegant wedding photography, we also photograph family portraits, children, senior portraits, special events, executive portraiture, sports, glamour shots, high-definition (HD) video services, commercial and aerial photography. Images Studio offers both in-studio and on-location services.
Since expanding our mix of photographic services in 2007, our revenues have grown steadily with the demand for our additional services. e have accommodated this additional demand by adding personnel and equipment. By hiring two additional full-time photographers and one full-time and…...
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