Adding more points, paragraphs, references to the pre-existing project report also preparing new presentation. Business Finance Assignment Help

Final Exam

Question 1

Your team has been asked to test and document enhancements to a web application that allows buyers to purchase custom-printed canvas shoes. The tasks and dependencies are as follows:

• Create a testing plan

Once the testing plan is ready, your team can:

• Test the user interfaces
• Test the database
• Test the network
• Write the documentation first draft

When the user interface tests are complete, you can:

• Perform user testing—enlist some users to test the user interface

When the database and network testing are complete, you can:

• Perform integration testing—network with the database

When the user testing of the user interface and the database testing are complete, you can:

• Perform integration testing—database, network, and user interface

When all integration testing and user testing are complete, you can:

• Perform system testing

Then you can:

• Review and revise documentation

After all other tasks are complete, you can:

• Obtain management approval

Duration estimates for the tasks:

a.	3 days
b.	10 days
c.	6 days
d.	7 days
e.	20 days
f.	5 days
g.	3 days
h.	2 days
i.	8 days
j.	4 days
k.	5 days

1. Create a network diagram and a Gantt chart for the project tasks. Ask your instructor if you are permitted to use software such as Microsoft Project to help you prepare your diagrams.
   1. What is the planned duration for the testing project?
   2. What is the critical path for the testing project?
   3. For each task NOT on the critical path, calculate the amount of slack available.
   4. If the user testing of the user interface takes 15 days, what will the impact be on the project duration?

Question 2

Wedding cost estimation: Given the following information, calculate the estimated costs for a wedding with 250 guests and a bridal party of six, using the methods indicated. Show your work.
Note that members of the bridal party are already counted as guests, you don’t need to add them twice.

1. Parametric estimate
2. Bottom-up estimate
3. Analogous cost estimate
4. You will probably notice some differences in the estimated values. Are these differences significant? What might cause the differences? If you were estimating a significant project in the future, which method(s) would you use and why?

Wedding Cost Estimates
Item	Dollars
Groom’s brother’s wedding, last year, 175 guests, similar venue and style	$20,300
Catering	$65 per person
Photographer	$1,500
Rental of hall	$500
Clothing, bride	$2,000
Clothing, groom	$750
Flowers	$800
Other décor items	$500
Cake	$500
Gifts for bridal party	$80 each
Wedding planner	$2,000
Wedding planner’s estimate of typical cost for this kind of wedding	$10,000 plus $75 per guest

Question 3

Cost reimbursable contract calculation.

1. A contract calls for a total payment of $800,000 with a guarantee. Essentially the contractor is guaranteed to make at least $200,000 above his costs. If the contractor can demonstrate his costs exceed $600,000, the project will pay the difference, with a $50,000 ceiling on the overage. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
2. Another option for the same contract has the contractor guaranteed to be paid his costs plus 20%, for costs that exceed $600,000. With the same initial assumption—guarantee of $800,000 gross payment (no requirement to itemize costs), but if the contractor can show that costs exceed $600,000, the project will pay $800,000 plus the costs that exceed $600,000, plus 20% of those excess costs, with a ceiling of $900,000 gross. The contractor demonstrates he spent $623,000. How much (gross) must the project remit to the contractor?
3. Under option 3.2, at what dollar amount of total costs would the contractor be assuming all of the excess costs beyond that point?
4. In which option did the project assume more of the risk of a cost overrun? Explain.

Please refer to these resources for this discussion:

• Chapters 11, 12, and 13 in the Albrecht textbook

• Financial Statement Fraud (Crazy Eddie’s) video

https://blackboard.sdsu.edu/bbcswebdav/pid-5613134-dt-content-rid-113239070_1/courses/ACCTG505-01-Summer2020/HowtoDetectandPreventFinancialStatementFraudSecondEdition.m4v

• Smartest Guys in the Room – Enron documentary

https://blackboard.sdsu.edu/bbcswebdav/pid-5613164-dt-content-rid-113238976_1/courses/ACCTG505-01-Summer2020/ENRONTheSmartestGuysintheRoom.m4v

we had the opportunity to explore some of the more egregious financial statement frauds from the past two decades. Many of these occurred prior to the enactment of Sarbanes Oxley (Enron, Worldcom, Waste Management, Adelphia, Tyco, Healthsouth, Qwest Communications, Cendant, and others). Other cases of financial statement fraud have surfaced after SOX was enacted, including Lehman Bros. and Fannie Mae.

Choose one of the pre-SOX financial statement fraud cases and write a brief summary (2-3 paragraphs) that outlines:

• What happened?
• Who was involved?
• How did they do it?
• How were they caught?
• What were the results (for both the victims and the perpetrators)?

In addition to this summary, write a brief evaluation of how you think SOX might have impacted and/or changed your case study. Would it have still been likely to occur? Would it have been reduced in severity or duration? How might it have changed things for the victims? the perpetrators? For this part, I recommend that you refer to Appendix A at the end of Chapter 11 in the textbook and the discussion that ensues there, including the consideration of the Fraud Triangle presented in Table 11A.1. Would SOX have made a difference in your chosen case? If so, how? If not, why not?

There are, of course, widely varied opinions of the effectiveness of SOX. Kayla Gillan, a former deputy chief of staff to the Chairman of the SEC, believes that SOX has been a beneficial and successful new law. She believes that, while no legislation can entirely eliminate financial statement fraud, SOX has been effective in rapidly increasing investor confidence. Despite acknowledging that SOX has increased the cost of participating in capital markets, she stated that many believe that the benefits far outweigh the increased costs. She believes that internal controls are more effective, auditor standards are more stringent, auditors are more competent and engaged, and the SEC has become more effective. She believes that the purpose of SOX legislation was to enhance investor protection and that it has largely accomplished this.

On the other hand, there are those that believe that SOX has largely been a failure. Billionaire investor Mark Cuban, when considering the SEC and the experiences of startup companies, feels that SOX has made it much more difficult for companies to go public because of the increased costs associated with SOX. There are many more opinions on both sides of this argument. When it comes to preventing and reducing financial statement fraud, what do you think? Has SOX been a help or a hindrance?

In summary, for this discussion (per the guidelines above):

1. Write a 2-3 paragraph summary of a pre-SOX case study of financial statement fraud.
2. Write a brief evaluation of how you think SOX might have impacted and/or changed your case study.
3. Discuss whether SOX has been successful in reducing financial statement fraud.

Read from chapters 1, 2, and 3 of the textbook which is attached below

Answer any five of the following questions.

Each answer should be 2 substantial paragraphs in length. Each answer should contain information with citations from the textbook throughout the answer, for example (Backman, page 110). Please do not use any additional sources. Absolutely NO online resources

1. What does it mean that “Civilization began in Sumer?” and how would you characterize the relationship between kings and priests in Sumer?

2. Explain the importance of the river Nile to Egypt. And to what extent did Egypt’s geography protect it from invasion?

3. How did Egyptian and Sumerian writing systems differ? Why did the writing system of each civilization develop? And how “legal” was the Code of Hammurabi?

4. Were Egyptian and Sumerian religions moral systems? If not, what was their function? What were the characteristics of each?

5. What was the significance of iron in the Second Millennium?

6. What were the long-term effects of the Indo-Europeans on the Near East?

7. What were the most significant achievements of the Persians?

8. What role did Abraham play in Jewish history? And what role did Judges play in Hebrew society?

9. What is the relationship between Rabbinical Judaism and the exile in Babylon and Egypt? What are their legacies?

For the final project document, the student will compile the 5 project installments into 1 cohesive document. This document must be in paragraph format with question numbers removed. It must have a coherent flow, and is not simply a cut and paste of the answers to the questions used to create it. In addition, the student will add scriptural integration throughout the paper, citing relevant scripture verses as appropriate. There must be a minimum of 10 relevant scriptural citations found throughout the document, with their relevance to the topic at hand explained.

The final document must include a title page, a brief introduction delineating the purpose of the project, a separate section (with heading) for each content component, and a 2-page recommendations and conclusions section. This section must offer suggestions for strategic or operational changes based on the research that has been conducted. The total length (not including title page and references) must be between 5,000–7,250 words. At least 15 scholarly resources (in addition to the Bible) must be used