Question:

Essay 1:

1. What is the latest technology that provides a solution for the Company in rapidly calculating physical inventory in large quantities?

2. Why can fraud exist?

3. When does the recording of accounts receivable occur? When shipping goods or shipping sales invoices?

4. What fraud can be done in the sales cycle starting from ordering from customers, inventory in the warehouse and sales?

Essay 2:

1. What is meant by cash and cash equivalents?

2. Name and explain the components in the cash flow statement?

3. Explain the uses of vertical, horizontal analysis and industrial analysis?

4. Explain the usefulness of liquidity ratios, profitability and solvency?

Case 1:

2016 2015

Cash 9.650 5.350

AR 9.100 11.700

Land 9.000 13.000

Building 35.000 35.000

Acc.Depreciation -7.500 -5.000

Total 55.250 60.050

Account Payable 6.18515.550

Shareholder's Eq. 37.50034.500

Retained Earning 11.56510.000

Total 55.25060.050

Net income 12.815

Dividend 11.250

Land Sales 2.950

The questions are:

a. How to make cash flow statements per 2016 with indirect methods

b. Calculate how much is the Free Cash Flow

Thankyou so much in advance!