Some of the challenges of this company include lack of control over financial reporting in all branches, and inaccurate data to make decisions for next years.
DEF Ltd's main problem is the inaccuracy regarding the recognition of revenue and other inconsistencies in financial reporting. This problem includes:
- Inaccuracies related to revenue and deferred revenue.
- Lack of documentation of some transactions.
Moreover, these problems are intended to be solved through a review process and training seminars. These two ideas are useful for the problem; however, the company might face some challenges and problems such as:
- Lack of control in all branches: DEF Ltd seems to be a big company with multiple branches around the world. This makes it difficult for the company to control all financial records even if employees are educated about the process through seminars.
- Inaccurate data for next periods: Considering there are lots of inconsistencies and some of the reports are incomplete, it is likely even after the review process the company does not have complete information about the previous transactions or revenues. This can affect future projections and decisions.
Note: This question is incomplete; here is the missing part:
Using the disclosures above as a starting point, brainstorm about the challenges regarding internal controls and that a company may face in doing business internationally?
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Answer:
most likely kiran is going to go out of business
Explanation:
so he has to step up his products and have something that makes his stuff look outstanding like ads and he might want to have someone with a lot of fame to represent his brand
The correct answers are
While completing a task with his teammates, Alfred has some solutions he wants to propose...Language barrier
Terri has been asked to train Sandy, a new employee, to interact with customers at the bank...Prejudice
Paul has been working under a male manager for the last three years. His manager is now being replaced ...Resistance to change
Explanation:
Diversity in language, norms, beliefs, etc. can lead to multiple challenges such as communication or understanding challenges. In the case of the language barrier, this occurs when people speak languages or dialects, and this leads to misunderstandings and communication issues. This occurs in the first case because Alfred cannot communicate successfully with his teammates since he cannot explain his ideas in English.
On the other hand, prejudice occurs when individuals have biased ideas about people based on race, age, preferences, etc. This often leads to discrimination and negative attitudes. This can be seen in the second case because Terri assumes customers will not be comfortable interacting with a new employee just because of her race, which is a biased and unsupported idea.
Finally, resistance to change occurs if individuals perceive changes as negative, and therefore they are afraid or reluctant to new things. This occurs in the third case because Paul does not want to have a female manager, and even considers leaving his job just because there was a change in the manager.
Answer:
c
Explanation:
C. a place where one good is bartered for another.