Conmen will always seek out a ready collection of trusting suckers. Charlotte 16 September at 3: If it sounds too good to be true, it IS. Kevin 16 September at 4:
Management is nonetheless aggressively pursuing unrealistic growth targets even as competitors flood the discount retail market and threaten its improbable margins. We believe that DOL will continue to miss lofty investor expectations, and that its premium valuation will continue to be pressured.
Dollarama sells a variety of low-priced products, mostly sourced directly from China. Faced with years of negative average traffic growth and an increasingly saturated market, Dollarama is driving comparable store sales growth by selling higher-priced items.
BIG undertook a similar strategy in the s, but reversed course after admitting its failure. Dollarama cited a store target at the time of its IPO inwhen it had just stores. Management has since revised this number upwards multiple times: Our analysis shows that this target is unrealistic, and that the market is already bordering on oversaturation.
The Rossy family launched Dollarama from its legacy retail chain in and owns significant real estate assets that are employed by the enterprise. We question whether a thorough and arms-length search was conducted to fill this position.
As part of a deal struck inDollarama supplies goods at an undisclosed profit margin to Central American discount retailer Dollar City in exchange for an option to acquire the chain in We are concerned that Dollar City could be overpaying its vendors to lessen the financial burden on Dollarama.
The current CFO owns no shares and regularly liquidates options. Dollarama claims to hedge currencies only to lock in consistent prices in CAD on which its customers can rely.
However, in practice, the Company adjusts prices to match non-hedged competitors, leaving us to wonder why it hedges at all. Much of the recent hedge benefit appears to have reversed, but gross margins ex-hedges conveniently rose by just enough over the last two years to maintain steady profitability.
While accounting rules may give sufficient leeway to permit this difference, we question why lease term assumptions should differ for these two capital accounts. Earnings quality suffers notwithstanding.
We also worry about the state of the balance sheet should the economic environment turn, or should the business decline more rapidly. Such lofty multiples are inappropriate for a dollar store with serious near-to-medium-term business risks.A reason for this increased demand for forensic accounting can be credited to the increase in white collar crime associated with society’s up and rising technology and expanded use of computers to handle increasingly complex private and .
effective forensic accountant. This white paper describes in detail the key findings from that research and identifies Relevant to the forensic accountant and forensic accounting . Purpose – The purposes of this paper are to highlight those topics of forensic accounting that have received little or no attention in the forensic accounting research that .
Strained by the levered acquisition of Space Systems Loral in at the cycle peak, MacDonald Dettwiler’s (MDA) acquisition of DigitalGlobe (DGI) in was done out of necessity to cover-up growing accounting and financial strains.
Forensic Accounting Forensic Accounting has a broad range of opportunity, and there are many different purposes for forensic accountants. Forensic Accountants are highly in demand during periods of financial crisis, and soaring bankruptcy rates (Chiang, ).
Become a financial detective and prevent white-collar crime While many colleges offer forensic accounting programs at the graduate level, Franklin is one of the few universities offering a Forensic Accounting bachelor's degree program in this high-demand field.
|Digital forensics - Wikipedia||Order Essay on Forensic Acccounting Until recently, detecting fraud was thought to be a part of the responsibility of the accountant.|
|Forensic Analytical Techniques||However, it will be interesting to see whether it a|
|Forensic Accounting - Research Paper||Submit Manuscript Journal Impact Factor 0. It is used to for the scientific assessment of DNA, blood samples, bones and so on.|
|Program Overview||Digital forensic process A digital forensic investigation commonly consists of 3 stages:|