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    Sara Fortune is the Chief Financial Officer CFO of Daytona Manufacturing a U.S. based manufacturer of gas turbine equipment.

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    Sara Fortune is the Chief Financial Officer [CFO] of Daytona Manufacturing, a U.S. based manufacturer of gas turbine equipment. She has just concluded negotiations for the sale of a turbine generator to Crown, a British firm for TWO million pounds. This single sale is quite large in relation to Daytona’s present business. Daytona has no other current foreign customers, so the currency risk of this sale is of particular concern. The sale is made in September with payment due six months later in March. Sara Fortune has collected the following financial market information for the analysis o...

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    Your Asian Division based in Hawaii is providing you the following quotations from Asian Banks. (You may either buy or sell at the stated rates).
    Singapore Bank: Singapore dollar quote for Korean Won Won 644.00/S$


    Hong Kong Bank: HK$ quote for Singapore dollars HK$ 3.50/S$


    Korean Bank: Korean won quote for Hong Kong dollars Won 180.00/HK$

    Your Latin American Division in Miami is providing you the following quotations from South American banks. (You may either buy or sell at the stated rates).

    Bank of New York: US dollar quote for Mexican Peso: Peso 10.00/1$

    Bank of Cancun: Sol Quote for Mexican Peso: Sol 1 / 3 Peso

    Bank of Lima: Dollar quotes for Peru’s Sol: USD 1.00 / 3.4 Sol.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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