Illustration 1

Consider the following points. Share your ideas with a partner or a small group. Be prepared to explain your answers to the class.

POST-LISTENING

a) How could Ambrose Harper’s importance in the company be defined?

b) What are the advantages of J.Martin’s membership in the Board?

c) What do the Rules of Association drawn up by Harper and H.G.’s father state?

d) What are the reasons for Wentworth to be invited to join the board?

e) Prove that John Martin would be a useful counter to Wentworth.

2. Recount the situation as if you were Hector Grant.

3. Suppose you are Alfred Wentworth, are you satisfied with the situation in Harper & Grant Ltd. and the number of its shares you own? What do you plan for the future?

4. Give a lecture on the structure of the share capital in Harper & Grant Ltd. before and after Ambrose Harper’s death. (See Illustration 1 below)

5. Answer the following questions as if you were William Buckhurst:

a) Why should the accounts be done every month in your opinion?

b) What are the disadvantages of doing accounts every quarter?

c) What is the essence of breaking down the activity of the company into cost centres?

6. Act out:

a) a conversation between Peter Wiles and John Martin. Discuss the pro and contra of the introduction of monthly accounting by cost centres;

b) a talk between Hector Grant and William Buckhurst before the Board meeting about the changes in the board that are to be made.

Unit 19

Auditing the Accounts

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